Following lengthy discussions with the community, and our investors, we would like to confirm the following changes to our ITO structure in order to protect our investors and our community:
Airdrop Program
From Monday the 26th of November the Airdrop Program will only pay out 25 DOM (KAZ) tokens to newly registered users who have passed KYC Clearance Level 1 and created/assigned an Ardor wallet.
All Airdrop tokens that are showing on balances belonging to people who have not passed KYC Clearance Level 1 and do not have an Ardor wallet by the 30th of November will be removed. These tokens will “go back into the pot” as explained below.
Referral Program
From now on, introducers will receive commissions as described in the Referral Program, but will no longer receive DOM (KAZ) tokens. However:
- If introducers convert commissions to DOM (KAZ) tokens, they will receive a 25% bonus
- DOM (KAZ) tokens received for referrals that have not completed KYC and do not have an Ardor wallet, will also revert back to the “pot” as explained below
Bounty Program
From Saturday 24th of November 2018, the Bounty Program will be concluded.
Due to our rebranding, the limited number of participants and the shortened period, the number of DOM (KAZ) tokens rewarded per participant will be capped to ensure a fair distribution for effort given. The Bounty Campaign Manager will inform all the Bounty Hunters accordingly.
All DOM (KAZ) tokens not distributed will go back into “the pot” as explained below, and all previously distributed DOM (KAZ) tokens to Bounty Hunters will be released according to the same lock-in period as the Seed Round investors and Founders.
ITO Softcap
It has been decided that the softcap for the Dominium ITO will be removed, for the following reasons:
- The softcap was only implemented at the demand of ICO listing sites
- The product site (crowdfunding platform for property-backed assets) is already under development
- The Ardor implementation is already well underway and will be completed regardless of the achievement of a softcap
- A softcap is usually implemented as a safeguard to ensure a project moves to production. This is not necessary in our case, as sufficient money is in place to finalise the product site.
ITO Phases
Only the remaining ITO Phase I tokens will be available for sale, at the price of €0.10 per Token. If Phase I tokens are sold out prior to 31/12/2018, no more tokens will be made available. Phase II and III of the ITO have been eliminated. Subsequently, from the 1st of January 2019, we will set the price of DOM (KAZ) tokens on our platform at €0.25. If anyone is interested in securing DOM (KAZ) tokens as part of the ITO, this is the last chance before the price is set at utility token value. Only 124,000,000 tokens remain, and the following bonus structure applies:
Until the end of November, there is a 40% bonus for anyone paying in Euro or GBP. Each week the bonus will go down 10%, therefore:
- From 01/12/2018 12:00 CET until 08/12/2018 12:00 the bonus will be 30%
- From 08/12/2018 12:01 CET until 15/12/2018 12:00 the bonus will be 20%
- From 15/12/2018 12:00 CET until 22/12/2018 12:00 the bonus will be 10%
- From 22/12/2018 12:01 CET until 31/12/2018 12:00 the price is €0.10
All bonuses will be distributed manually, so as not to detract any time from development. Any remaining tokens will go into one pot and will be sold on the platform.
NXT/ARDR/IGNIS Bonuses
The 5% bonus for NXT/ARDR/IGNIS purchases will no longer apply after the 30th of November 2018
Price of DOM (KAZ) tokens
From the 1st of January 2019, all remaining DOM (KAZ) tokens will be put up for sale on our platform at €0.25. DOM (KAZ) tokens will be tradable on Ardor at varying prices as it is an open market. If public exchange prices reach more than €0.25, we may sell the remaining tokens there too, but never for less than €0.25. The DOM (KAZ) token will still be listed on exchanges to further develop trading volumes once the rebranding has been completed. We will show the remaining tokens on our platform and publish the Ardor address containing them.
All income from the sale of DOM (KAZ) on the platform will be used to purchase property in order to increase the value of the underlying assets of the company, and therefore the rental income to the company, which of course, in turn, increases the ability to develop the platform faster internationally
Christmas Period
We would like to inform you that there we will only have a skeleton staff on duty from 21/12/2018 until 07/01/2019.
- Orders can be made, but confirmation may take a little longer
- Bug reporting and customer support may also take some extra time
