AVAX token sale sold out in a day luckily I got in.
This is quite interesting saying ICO era is dead but how about Avalanche ICO that managed to closed their public sale with immense amount of tokens for three options they laid for the community. It only took a day for this to happen.
Check out their latest tweet:
https://twitter.com/avalancheavax/status/1283469835452768256?s=19
They have three options for A1, A2, and B.
A1 and B = have 12million of AVAX tokens available.
A2= 60millions of AVAX tokens
As explained on their site and quoted. Here is the mechanics for each option:
Public Sale Option A1 - [Staking Round #2 - 1 Year Vesting]. This option allows participants to purchase tokens at $0.50/token, using a 1 year vesting schedule, with quarterly unlocking. This allocation follows the same terms as the Private Sale. The maximum check size is $25K USD.
Public Sale Option A2 - [Staking Round #2 - 1.5 Year Vesting]. This option allows participants to purchase tokens at $0.50/token, using a 1.5 year vesting schedule, with quarterly unlocking. There is a maximum check size of $25K USD for the first four hours of the sale, and then increasing to $2.5M USD for this allocation.
Public Sale Option B - [No Vesting, Fully Unlocked]. This option allows participants to purchase tokens at $0.85/token, with no lockups. In order to prevent concentration, incentivize distribution, and incentivize tokens for staking, this allocation will enforce a maximum check size of $5K USD.
Now Ive joined this token sale too in the form of queue method. Unfortunately my target is acquired some from option A1 and B, but both are sold out already during my turn. Now my only choice is the option A2. Actually thats a long time vestinf period. But as Ive inquired on the team on telegram, they said there is 10% released on day1 during the mainnet launch and 15% every quarter not bad period to spend your token or trade it wisely. Anyway Im happy that Ive got some AVAX tokens and while Im holding it Im gonna do delegation and staking once mainnet is LIVE.