Introduction & Features
Credit Protocol Usage Examples
Cost & Economics
Friend in Debt - Our First Demonstration of the Credit Protocol
Friend in Debt - Market Opportunity
Use of Funds & Roadmap
CP and FiD Roadmap
The Credit Protocol public token sale will last for 30 days with a goal to sell 27,000 ETH worth of tokens. The total Credit Protocol Token (BCPT) supply will be fixed at 116,158,667 BCPTs and no more tokens will be created thereafter. During the public sale, BlockMason will make available 33,700,000 BCPTs for sale at 1 ETH for 1000 BCPT, with up to an additional 50% token bonus based on timing of purchase. Bonus tokens rewarded will be counted towards the hard cap. Any uncommitted tokens will be held in reserve for future offerings.
BlockMason is fully aware of issues present in many token sales, in which smaller purchasers fail to receive an opportunity to purchase tokens during the sale. Therefore, BlockMason offers to guarantee allocation of tokens to early adopters of CP, regardless of size, who purchase tokens during the pre-sale period. This window serves as an opportunity for all potential customers to reserve token purchase slots, unlike other sales where “whales” and scalpers monopolize large blocks of allocation, squeezing out smaller purchases, and profiting from flipping tokens following the sale. Using a whitelist, BlockMason will record the Ethereum addresses of all users who request a guaranteed slot. Each address that requested allocation is guaranteed a chance to purchase BCPT during the early 5 day period in a process executed via the smart contract governing the token sale.
BlockMason is fully aware of issues present in many sales, in which smaller purchasers fail to receive an opportunity to purchase tokens during the sale. BlockMason offers to guarantee allocation of tokens to early adopters of CP, regardless of size, who purchase tokens during the pre-sale period.
All purchases made during the pre-sale and sale period will immediately count towards the token sale bonus pool count (see the chart below), and proceed chronologically in the order which they were received. Purchases made during the token sale will receive bonuses based on the sequence in which they were made, and continue sequentially. For example, if there are 12,000 ETH worth of token purchases made, the next purchaser will receive a 25% purchase bonus.
A Developers’ Token Pool equal to 20% of the total token supply will be set aside for the BlockMason team. These BCPTs will be used to seed UCACs including Friend in Debt for a minimum of 12 months in order to help the credit protocol ecosystem develop.
10% of CP Tokens will be set aside and used to support the transactions of Friend in Debt and any other demo DApps that BlockMason develops with the CP.
For the purpose of providing feedback, development or marketing suggestions and services, or other services useful for BlockMason’s development, marketing and promotion of CP and FiD and for purposes of pioneering experimentation and familiarization with the CP and FiD dapps and thus in the utilizing of transactional capacity on the CP and Ethereum networks, 5% of CP tokens will be given to advisors and strategic partners.
In order to encourage UCAC usage and development by the Ethereum community, 5% of BCPTs will be made available to all FoundationIDs on the mainnet. The airdrop will occur approximately 2 months after Foundation goes live on the Ethereum mainnet.
36,000,000 CP tokens have been sold to private buyers at a bonus rate of 100%, representing 31% of the total supply of tokens. These buyers have and continue to help with the following; development, concept and networking.