Token Sale Info:
- Ticker: COFI
- ICO Start: January 15th, 2018
- ICO End: February 22nd, 2018
- ICO Token Price: 1 ETH = 7,500 COFI
- Bonus: Yes
- Token Type: ERC20
- Accepts: ETH
- Total Token Supply: ~300,000,000
- Soft Cap: $3,000,000 USD
- Hard Cap: $15,000,000 USD
Understanding the COFI Token:
Lock and Stake To Obtain Premium Functionality
Users will have to lock and stake the CoinFi token in order to obtain access to advanced functionality on the CoinFi platform such as customizable news feeds, dashboards, alerts and premium trading signals and algorithms.
Staking encourages long term holding of the token, thus reducing speculation and price volatility.
Act as Unit of Value in Auctions of Exclusive Content
Highly exclusive content whose value decays once accessed will require an auction mechanism to restrict distribution and determine the market price for that content.
These auctions will only accept COFI as the unit of bidding to ensure that CoinFi community members have privileged access to this type of valuable content.
Compensation For Community Content Contributions
Crowdsourced content providers receive COFI based on the quality of their contributed material determined by metrics measuring the popularity of a piece of content. Further details are available on the white paper.
Compensation for the seeding of content from early adopters will come from the CoinFi Foundation which will retain 20% of the tokens at genesis for distribution to community contributors.
Long Term Value Accretion In The Token Ecosystem
The cost to crowdsource the content is lower than the accumulated price users are willing to pay for the content as measured in COFI. As a result, the buy-side demand for COFI (users who require COFI to access the content) will exceed the sell-side demand for COFI (content contributors who receive COFI in exchange for premium content), thus creating long term demand for the CoinFi token.
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