This Crypto Token Awaits a Staggering Yield

Blockstack, which has filed with the U.S. Securities and Exchange Commission (SEC) to potentially become the first registered crypto token offering, has revealed some of the details of its planned steps in its regulated token sale.

If approved by the SEC, Stacks token will be sold in three different categories: 215 million tokens will be sold at a rate of $0.12 per token to token voucher holders; 40 million tokens will be sold to accredited investors putting in $5 million or more at a rate of $0.30 per token; and 40 million tokens will be sold in a deal involving the Blockstack app mining program.

According to the official document filed with the SEC, 24 accredited investors that include the affiliates of the Harvard Management Company, purchased around 323 million Stacks tokens at a rate of $0.00012 per token.

If Stacks tokens are sold at a rate of $0.30 per token as planned after the application is approved by the SEC, it would immediately result in a 2,500-fold return for the 24 accredited investors that purchased Stacks token at a rate of $0.00012 per token.

Reference: https://www.ccn.com/regulated-crypto-token-may-net-institutions-a-2500x-return

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Author: Neo Anderson

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