Antshares Community QQ Group: 573816801
Antshares Twitter: https://twitter.com/Antshares
Introduction to Antshares
Nov. 2015, Antshares Testnet went online.
2016, Antshares became the most covered
Apr. 2016, Antshares released the first and the only original consensus mechanism
June, 2016, Antshares enters cooperation with Microsoft.
July, 2016--Onchain, Antshares’s Business Sub-Entity, became the first Chinese blockchain tech start-up to join the Hyperledger procject and is now applying to include Antshares in its code repository.
Aug, 8th, 2016, Antshares shall commence Phase II of its global ICO.
The ICO Object
The object of this ICO is the native token of the Antshares
This ICO accepts only bitcoins.
20 million ANS will be issued; in addition, a 4 million ANS weighted reward, amounting 20% and 4% of the total ANS respectively, or 40% and 8% of the volume in circulation of the first year.
This ICO does not have a pre-set price. The price shall be determined by the market.
This ICO has a weighted factor, which is higher when participated earlier; see more in CrowdOffering Reward Section.
To calculate: ANS received by a participant= (BTC invested by the participant/all valid BTC investment)*20,000,000*weighted factor. The ANS distribution will be proportional to the investment.
An Example of a participant receiving ANS.
Hypothetically, this ICO raised a total of 50 bitcoins. A participant, who invested 5
The minimum reward a participant could receive is 1 ANS, the remainders, if any, shall be rounded down. Thus, we may have excessive bitcoins. Check CrowdOffering Reward Section on that.
All funds raised in this ICO shall be allocated for the development and marketing of Antshares Project.
Antshares team shall report the accounting of funds to all ICO participants every 6 months, this timing may be advanced or delayed when in special times.
Funds raised shall be used for team expansion. We expect the funds raised this time could support the expanded team to operate for more than 24 months.
In order to better the management of the Antshares ICO funds, our team shall setup an independent entity to manage the funds.
How to Participate
Participants should visit Antshares.org during the ICO period. We accept bitcoins.
See Antshares ICO Steps for detailed information, including a tutorial on converting your fiat currency into
Duration and Timing
This ICO lasts for 31 days. It will begin on GMT+0 12:00 on Aug. 8
This ICO does not have a pre-set target amount, thus the deadline will not be advanced.
We do have a refund policy should an over-funding scenario comes up due to the unlimited ICO funding target.
When the ICO terminates on Sept. 7
If a participant wishes to continue, he/she will not be required to do any extra operations; if he/she wishes to quit, a refund application should be submitted on www.antshares.org/ico anytime before the formal release of the Antshares
When a refund takes place, 100% of the bitcoins invested by the participant shall be refunded to the
The refund option will become unavailable upon the formal release of Antshares software, which is under development. The release date of the software is not determined yet but will not be within 7 days after the ICO termination, leaving
All the bitcoins due in the refund process will be sent 30 days after the formal release of the software all together. The refund policy does not support a partial refund and is not revocable once applied.
Should a special occasion occur during the ICO, say, malicious refund leading to a 2/3 refund ratio, Antshares team
The ICO is guaranteed by
Before the formal release of the Antshares software, all the ICO funds raised will be put into the custody via a 2/3
What this means is that the DACA
A 120% factor is rewarded to those who participate between Aug. 8
Beginning on Aug. 14
To exemplify with the reward: Hypothetically a participant takes part on Aug. 8
Ranking by amounts invested, top 100 participants may receive rewards:
Reward A: 1 of the top 10, drew by lottery:
Round-trip air tickets, hotel allowances and admission fees to the New York Consensus 2017 International
Reward B: 10 of the top 50, drew by lottery:
10,000 AntCoins, this could be used for advanced issuance of your digital assets.
Reward C: 20 of the top 200:
Remainders Reward Pool
As the ANS received by valid participants of this ICO will be rounded down, all the remainders will be stored in a Reward Pool. After the termination of the ICO, ONE lucky guy will acquire ALL the remainder ANS accumulated in the Reward Pool.
This includes BTT, social media campaign and translation
The Distribution of ANS
After this ICO, all the 50M ANS (circulate since the first year) will be distributed as follows:
1 year after the formal release, this 50 million ANS (and AntCoins generated by them) could be used for the support of the Antshares
In principle, the distribution of this restricted 50 million will not exceed 15 million per year.
Participants of this ICO may
Sell ANS when open trade became available
Hold ANS for a longer term and receive AntCoins, sell these generated AntCoins
OTC Trade ANS and AntCoins
This Initial CrowdOffering is about
The date of the Antshares formal release is yet to be set; once released, participants shall not apply for