Argentas ICO

Argentas
Verified ICO

Argentas decentralizes global banking. A powerful 2nd generation blockchain project helping to create a new open global financial system accessible to everyone.

ICO Ended
2018-06-08 -
  Whitepaper |   Visit Site
ICO NOT YET RATED (NYR)


Team: NYR
Feasibility: NYR


Our project, Argentas, is about decentralizing global banking. We have previously built and run real-life Fintech platforms, having created advanced online banking platforms and operated real banks/financial institutions – we didn’t start yesterday in finance and technology, so we do have a wealth of prior experience and expertise to actually make things happen. The Argentas Project decentralizes what was earlier done in a centralized manner, leveraging distributed ledger/blockchain technologies to make the platform indestructible and global, which earlier was vulnerable to attacks and local/regional instead of being truly global. Leveraging our ‘Architecture of Money’ (https://www.argentas.io/documents/aom.pdf), as a powerful second generation blockchain project decentralizing global banking, Argentas helps to build new open global financial system. Ultimately, the Argentas ecosystem will be formed around its core HydraNet blockchain, network interfaces and bridge entities, and an eventual decentralized application economy.In terms of our token distribution, we decided to start it ‘quietly’ and prioritize the buildup of our community, rather than have a very quick and limited distribution, where many people complain that they didn’t have the time to get onboard, or didn’t have enough tokens. So we wish to give them enough time rather than to fix dates at this pre-distribution stage, which is only capped by the total amount.The pre-distribution phase, which just started, has been designed to last up to its hard cap of 100 million AXU (Argentas Exchange Unit) Tokens, which corresponds to roughly 10 million USD, with one AXU being currently valued around 10 cents (0.4 XLM). In terms of stellar lumens this is 0.4 XLM for 1 AXU, or 40 million XLM for 100 million AXU. We use the Stellar platform (only XLM accepted during the pre-distribution phase) rather than the most commonly used Ethereum platform for our token distribution. The reasoning behind this is explained in one of our articles on Medium: https://medium.com/argentas/why-did-we-choose-stellar-xlm-for-token-distribution-eea2f2ae7ddc.The total supply of AXU is limited to one billion, 1,000,000,000 AXU. It is likely that the price at the ICO phase will be double the current level of 0.4 XLM for 1 AXU or more, which means that this pre-distribution phase is very attractive for those that make the AXU Token purchase at the early phase. This pre-distribution phase is thus set at a maximum 10% of the total token supply.We have made the token purchase very easy – easier than in many ERC-20 token projects. Basically, it is, after having accepting the T&C etc., to (1) buy some XLM, (2) activate the free stellarport.io wallet and move XLM to the wallet, and (3) buy the AXU Tokens conveniently on stellarport.io with a few clicks. This all is enabled by the intrinsic ‘decentralized exchange’ feature of the Stellar network for the verified digital assets issued on the network, which is different from Ethereum that does not offer any similar facility, making it very easy and safe for the contributors / token buyers to make a purchase. These steps have been described on the website argentas.io after the button “Get AXU” and accepting T&C, and have also been laid out in two articles for those who hesitate to click the button outright, here: https://medium.com/argentas/how-to-buy-xlm-in-order-to-get-axu-tokens-107d45b596dc and here: https://medium.com/argentas/how-to-acquire-axu-tokens-4205e1472171

The Argentas project is about decentralizing global banking. As a powerful second generation blockchain project, Argentas helps to build new open global financial system. The Argentas ecosystem will be formed around its core HydraNet blockchain, network interfaces and bridge entities, and an eventual decentralized application economy.

Website: https://argentas.io/

Planning crowdsale – start/end dates: ICO dates not available yet as not announced yet, planning for the 3rd quarter

Pre-ICO: Pre-distribution phase was announced and started 8 June 2018 – there is no fixed end date for this pre-distribution phase, as we aim directly at hard cap amount

Soft cap: There may be a soft cap for the ICO but no soft cap for pre-distribution phase, so nothing can be inserted yet

Hard cap: 100,000,000 AXU Tokens for the pre-distribution phase (10% of fixed total, 100M AXU tokens currently around 10 MUSD)

Token name: AXU – Argentas Exchange Unit (Stellar network – confirmed & verified)

Price per token: 0.4 XLM (ca. 0.1 USD, but needs to be expressed as 0.4 XLM)

Whitelist: not for pre-distribution phase but will be for ICO phase, as we try to introduce the token to the community at this stage

KYC: not for pre-distribution phase but will be for ICO phase, as we try to introduce the token to the community at this stage

Unique crowdsale address: With Stellar works differently from Ethereum – the pre-distribution offer is structurally available on the Stellar decentralized exchange, available easily at stellarport.io (and directly through stellar laboratory too as well as other stellar decentralized exchanges) – token purchase guide on the website and here: https://medium.com/argentas/how-to-acquire-axu-tokens-4205e1472171

Bonus: no bonus, but pre-distribution price is normally at least 50% cheaper than the ICO price

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Token Symbol: AXU

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