This post explains the full terms of PEP Network’s ICO.
If you’re new to PEP Network, here’s what you need to know:
PEP Network decentralizes personalized content (custom stickers, gifs, emojis and more)
The Minimum Viable Product has a user base of 600,000+ users
The protocol lets render farmers, content creators, developers and others cooperate to save and make more money in the custom content niche
You can learn more about the ERC-20 compliant PEP Network protocol here — but in this post, we’ll focus on the terms of the Initial Coin Offering. Below, you’ll find answers to questions like:
When does the ICO start and end?
What is the overall token supply, and how will it be distributed?
Are there any bonuses and/or airdrops?
Which crypto and fiat currencies are accepted for payment?
How can I get whitelisted?
How can I get into the pre-sale?
All these questions will be answered with concrete facts and figures. We will also explain the logic behind all our ICO decisions in a transparent, forthright manner. Let’s start by talking about the first stage of the ICO: the pre-sale.
The PEP Network Pre-sale
The PEP Network pre-sale will happen between the 15th and 17th of May 2018. As you likely know, a pre-sale is one of the most sensitive stages of any Initial Offering. It’s important to our team that all participants get a real opportunity to buy the tokens they need at a fair price. Because of this, the following restrictions will apply:
Participation is hard-capped at $5,000 per user
There is a limit of 2,000 whitelisted participants
The whitelist closes on May 10th
Bonuses are referral-based and hard-capped at 20%
The whitelist closes on May 10th to prevent a last-minute scramble, and to make sure we have time to screen all applicants. The bonus rate is directly correlated to the number of a user’s referrals. Having at least 1 referral grants a 10% bonus; 6 referrals — 15%; 11 and more referrals — 20%.
The logic behind the remaining points is straightforward. First, the hard-cap prevents from users with access to the pre-sale from getting an unfair advantage. We do want to reward early entrants, but not to the disadvantage of late comers. This is also the reason that we’re limiting the total number of pre-sale participants to 2,000, and the referral bonus — to 20%.
Now that we’ve explained the rules of the presale, here’s everything you want to know about the presale process.
Participating in the Presale
The presale participation process is simple and straightforward. All you need to do is go to our URL and click the large «Join Whitelist» CTA. We only ask for a few important details that help our ICO stay legal and discourage fraud:
Once you’ve applied to the whitelist, you get an immediate referral link. To verify that all whitelist applicants are real people interested in our ICO, and not robots, we will ask you to do three simple things:
- Make a social media post about the pre-sale.
- Refer at least one friend using your link.
- Create a GIF in the Xpresso app and publish it in our telegram chat.
The whole process takes just minutes to complete and helps us keep the whitelist and the Telegram chat free of scammers and bots.
Once you’ve followed the instructions above and joined the presale, you can do several things to maximize the value you get from the presale. They are:
- Invite friends, colleagues and acquaintances. This will increase your personal cap and bonus as follows:
The bonus starts at 10% for 1 referral and goes up 5% for every additional 5 referrals, up to 20% at 11 referrals.
The personal cap goes up by $1,000 for every referral.
- Wait for confirmation of your pre-sale participation. If you did everything right, you’ll be informed of your application’s success between the 10th and 15th of May.
- Once you’ve received your invite, complete the KYC verification process to give us the paperwork we need to stay regulation-compliant.
- When the pre-sale goes live, you’ll have 48 hours to complete your purchase. This means no rushing, no fussing, and ample time for you to make a deposit in a selection of crypto currencies.
The whole process is simple, straightforward and transparent. We want all participants to have the time they need. Once you receive your participation confirmation, you will have the opportunity to get your finances in order and make secure transactions.
Once the pre-sale is complete on the 17th of May, preparations for the main sale will start. The rules and process of the main ICO sale are explained below.
The PEP Network Sale
Unlike the pre-sale, the main PEP Network sale will have no bonuses. Outside of that, the main features of the pre-sale remain. Namely:
- Only whitelisted individuals will be allowed to participate.
- Identity verification via KYC will still be required to discourage fraud and bot entries.
- There will be a personal cap (whose size is to be decided at a future point)
More information about the specific rules will be available at https://gopep. network/ ahead of the main sale. To follow changes as they appear, join our Telegram channel or mailing list using the link above and we will let you know the personal cap size (and other details) after the pre-sale is complete.
Participating in the Sale
Only whitelisted members will be able to participate in the PEP Network token sale. Because of this, we recommend making a whitelist application at least a week before the sale starts. This is the best way to make sure you can get the tokens you want, when you want them.
Outside of that, the sale will work much like the pre-sale. The main difference is that there are no referral-based bonuses; instead, there will be a straightforward process for instantly buying the number of tokens you need using the crypto currencies of your choosing.
In addition to the pre-sale and main sale, there will also be an airdrop that gives users an opportunity to get free tokens in exchange for whitelist participation and referrals. Details follow below.
The PEP Network Airdrop
The goal of an airdrop is to maximize a blockchain protocol’s adoption. In PEP Network’s case, there will be a conditional airdrop following the pre-sale and sale stages of the ICO.
The number of airdrop recipients is hard-capped at 5,000 participants. The value of each individual airdrop is $50 (in PEP native tokens). Here is how the airdropped tokens will be distributed.
Anyone who passes through the whitelist application and KYC process but doesn’t buy during the sale or pre-sale is eligible for the $50 airdrop. If the total number of eligible users is under 5,000 and our financial goals are fulfilled, all users gets an airdrop.
If the number of eligible users exceeds 5,000, recipients will be prioritized by total referrals. The more users you refer, the higher your chances of getting a free airdrop. Additionally, the more users are referred in total, the higher the odds of the conditional airdrop happening — so referrals are the order of the day.
In summary, let’s recap the key moments of PEP Network’s sale, pre-sale and airdrop:
The pre-sale runs between the 15th and 17th of May. Participants can get bonuses and increase their personal cap by referring users. Whitelist applications and KYC verification are necessary for participation in the pre-sale.
- The sale starts on May 30th. Like the pre-sale, this stage has a personal cap; a whitelist application process; mandatory KYC verifications. The main difference is that there are no bonuses.
- The airdrop stage is conditional pending a minimal number of pre-sale and sale purchases. If the conditions are met, up to 5,000 users will receive $50 of PEP tokens.
More details will come out as we get closer to the pre-sale, sale and airdrop dates. To make sure you don’t miss out on getting PEP tokens at their ICO price and maximize your bonuses, join our Telegram group and Whitelist by going to PEP Network’s official website.
We look forward to responding to any questions and comments you have inside our Telegram group. Thank you for reading, and see you at the PEP Network ICO!