PRIVATE ROUND UPDATE Hi, Iguanas , Following our ongoi | IguVerse
PRIVATE ROUND UPDATE
Hi, Iguanas ,
Following our ongoing agreements with the launchpad platforms and current market trends, we have updated our tokenomics to improve the attractiveness and financial side of the project.
In this regard, we are delighted to share with you the most up-to-date changes:
For our community, we have decreased the amount of the Private Round from $5M to $1M
We have created a separate Launchpad Private Round with a share of 5%. At the moment, we are negotiating a few large launchpad platforms to host IguVerse events in July, right after the end of the Private Round. The price in the next round will be equal to $0.05 per $IGU
After the Launchpad Private Rounds, we will host the Launchpad Public Round with the price topping at $0.1 per $IGU
We have decided to create a separate Strategic Reserve that will be used for additional funding from large financial funds. Even though we are in the middle of the negotiation process with a few of them, this process may take a few months due to current market conditions. This round will be reserved for strategic investment with a 1-year lock-up of IGU tokens and 2-year vesting period
The share of Team’s tokens has been decreased from 17% to 12%, while Treasury has been increased from 20% to 25%
We have decreased the total raise for the project from $11M to $4M and updated the roadmap accordingly. We are closely monitoring the current market situation and sentiment, and adjusting our fundraising goal to it.
https://whitepaper.iguverse.com/tokenomics/usdigu-governance-token/token-distribution
We will continue working to increase the confidence of shareholders in our project and create additional benefits for our community!
We are extremely careful with the requests of our community. As a result, we have decreased a minimal entry in the Private Round from $500 to $100. Also, please, note that on July 5, GMT+2, the $IGU prices will be increased by 10% to $0.033 AND $0.044 accordingly.
