By harnessing AI and blockchain technology, Eligma is changing the way users discover, purchase, track and resell items online. Although the majority of the platform features will be free, some will consume ELI tokens from the user’s or merchant’s balance. Users will be able to add them to their platform balance, either with performing rewarded actions or with a deposit of ELI tokens, bought on an online exchange. ELI tokens, spent for performing these actions, will be transacted to a fund, dedicated to reward plans.
Our goal is to collect 16,000,000 U.S. dollars in the presale and an additional 8,000,000 U.S. dollars in the public crowdsale in equivalent Ethereum contributions. The ETH/USD exchange ratio can fluctuate, therefore these hard caps are just approximate values.
Additionally,unsold tokens in presale period will be transferred to the public crowdsale phase with a different bonus, meaning that the total sum of collected contributions in ETH (in U.S. dollar equivalent) can deviate from the target sum. Tokens, not distributed in the presale phase, will be transferred to the next phase. Unsold tokens in the crowdsale phase will be transferred to a fund, dedicated to reward plans for Eligma platform users. If the equivalent value of all contributions will not reach the soft cap, all contributions will be returned to the contributors’ Ethereum addresses.
Excess contributions in ETH, received after the individual phase hard cap is reached, will be bounced or returned to the contributing Ethereum addresses, reduced by the transactional costs (gas).Contributors should NOT contribute ETH directly from online exchanges, as ELI tokens will be returned directly to those contributing address, which might not be able to accommodate our tokens. All contributors MUST contribute ETH from their private Ethereum wallets.
All tokens will be distributed after the completion of the last phase and will be locked(non-transferable) for a short validation period. After successful validation of the process, all tokens will be unlocked and become transferable.