Token Wizard 2.0 Strategies

At the moment, the Token Wizard 2.0 supports two types of crowdsale strategies, "With tiers and cap" and "Dutch auction".

With tiers and cap

Features of "With tiers and cap" strategy:

• Tiers. A crowdsale can have one or more tiers. Each tier has a set of configurable parameters:

  • Wallet address. Collected funds will be sent to the wallet address immediately after receiving from a participant of the crowdsale.
  • Start time. A time when a tier of crowdsale will start. Start time should be in the future.
  • End time. A time when a tier of crowdsale will end.
  • Rate. Exchange rate for a token to the ether. E.g., exchange rate 100 means that for one ether you can buy 100 tokens.
  • Supply. The maximum amount of tokens available to buy in a tier. Max cap of the crowdsale equals to the sum of all supply of all tiers.
  • Allow modifying. It allows owners to modify Start time, End time before start of the crowdsale.

• Whitelist. Whitelisted strategy is popular in modern ICOs due to regulatory involvement in the process (September 2017). A native approach to comply with regulation is to perform KYC of buyers and restrict participants from democratic countries, e.g., the U.S. or PRC.

  Every tier can have one or more whitelisted addresses. A tier can be or whitelisted or not. If a tier is whitelisted and if there are no whitelisted addresses than nobody can buy tokens on that tier. Whitelists can be changed any time during crowdsale. Each whitelist item has a set of configurable parameters:

  • Address. Whitelisted Ethereum address.
  • Min. The minimum amount of tokens to buy.
  • Max. The maximum amount of tokens to buy.

• Reserved tokens. It allows to reserve tokens additionally to hard cap in percents from the sold amount or in absolute values for the team members or for bounty programs. Up to 20 addresses are supported. Tokens will be distibuted and unlocked after the finalization of crowdsale.

• No soft cap. Every crowdsale will be considered successful after the finalization whatever the number of tokens will be sold.

• Mintable token. Token is mintable in this strategy with initial zero supply. The final supply cannot exceed the hard cap of the crowdsale. The total supply increases with every new contribution.

Dutch auction