Blockchain-based, decentralised search engine:
BitClave is a startup focused on creating the next generation of decentralized search powered by the privacy and security of blockchain technology. By removing the middlemen in the digital advertising ecosystem, BitClave gives users control over their data and connects them directly with the businesses they’re looking for.
-The BitClave Team
The first phase of the crowdsale begins on September 15, 2017 at 8 a.m. PST and will end on November 14, 2017 at 11:59 p.m. PST. The price per token (CAT) is $0.07 and there is a hard cap of $25,000,000. If the hard cap is reached, the crowdsale will end immediately.
There is a discount/bonus structure for the first phase of the crowdsale, as follows:
— 1st hour: discount of 15%
— Day 1: discount of 10%
— Day 2–7: discount of 7%
— Day 8–30: discount of 5%
— Day 31–45: discount of 2%
Details for the second phase of the hard cap has yet to be decided by the team. For the most up to date information, check the BitClave website.
Token Distribution Information:
There are a fixed 2,000,000,000 total CAT (Consumer Activity Token) created, with 1,000,000,000 available for purchase across the pre-sale and crowdsale. BitClave will use a web application to facilitate the contribution of BTC or ETH and receipt of CAT tokens. You may contribute with ETH or BTC, but must use an ETH or BTC wallet to do so. CAT tokens are ERC-20 tokens.
Tokens are expected to be distributed within one week of the completion of the crowdsale, but the team reserves the right to wait four weeks before doing so. This would only occur if there were complications with the pre-sale or crowdsale, which the team does not foresee.
50% of total tokens available for purchase across the pre-sale and crowdsale.
10% of tokens going towards community grants.
10% of tokens reserved for the team.
30% of tokens reserved as a long term budget.
Use of Proceeds:
38% will go towards development (rollout of the solution and adjustments).
7% will go towards administrative needs.
37% will go towards expanding adoption. This includes the growth and maintenance of the world-wide community.
5% will go to advisers for growth-hacking, public relations, partnerships, affiliate programs and more.
5% will go towards legal expenses.
8% will be reserved for unforeseen costs.