Announcing the BENE Token Public Sale
This document is merely a quick rundown. More details will be provided in a few hours, but this will serve as a primer.
Good morning my fellow bene-heads. We are excited to announce that our community has had exponential growth over the last couple of days. Part of this is due to the tasks we required from you all who are participating in the airdrop or community rewards distribution. Regardless though, the growth has left us speechless, and we are proud of each of you who participated. Do not get us wrong, we are still very small in size, and will need to continue this growth for the next few weeks to meet our size goals. For now, however, we are celebrating the success we have seen thus far. Part of this celebration will be releasing this mini-announcement for you, showing you all a little bit of appreciation for all of your hard work.
I know many of you have been awaiting more information regarding our token sale, and although it will not be the complete announcement, we decided to go ahead and send this out to you all to give you somewhat of a primer for the sale. A full announcement will be released later today, but if you have any questions before then please reach out to us at benefactorytoken@protonmail.com, or via our social media channels.
As we mentioned previously, our sale will take place in two separate rounds — Round 1 & Round 2. These will take place immediately, one after the other, with Round 1 beginning at a specific time in the next 36 hours from now (April 10 2021 5:30am EST). We will announce the exact start time a couple hours in advance, but we recommend that each of you go ahead and be prepared for it to begin at any moment. We will be referring to this as a Public Sale, but some may call it a fair PreSale, or something else. Regardless, we are doing all we can to ensure complete and entire fairness.
Token Prices will be different for both rounds. During Round 1 the price of 1 BENE token will be equal to 1 xDai ($1 USD). During the 2nd round this price will double, to 2 xDai per BENE ($2 USD). This may seem like a drastic price increase, but when you consider that the initial listing price on HoneySwap and BeneSwap will be set at 5 xDai per BENE, it becomes apparent that you have the opportunity for profit regardless. There will be a minimum AND maximum purchase amount, per address, for both rounds. For Round 1 the minimum purchase amount will be 50 xDai, and the maximum purchase amount will be 500 xDai per wallet address. This will help us ensure that everyone who wants to participate will have the ability to, while also ensuring a ultra-fair launch. For Round 2 the minimum purchase amount will be 100 xDai and the maximum will be 1000 xDai. The maximum purchase amount for Round 2 MAY be altered, depending on the supply remaining at certain times.
There will be a hard-cap for both rounds of the sale. For now we have set this cap at 200,000 xDai for Round 1, and 115,000 xDai for Round 2. This means the hard-cap for the entire sale will be set at 315,000 xDai, which correlates exactly with the token distribution detailed in our Tokenomics article published previously. The hard-cap for Round 2 may be adjusted according to whether we reach the hard-cap during Round 1 or not. Should we not reach our total hard-cap, leaving tokens unsold at the end of Round 2, those tokens will be set aside to be redistributed to one of 3 different places — placed into a burn pool — being burned at the exact time of protocol launch, added to the pool of BENE that are to be used for pool prizes in our no-loss lottery, or placed with those in cold storage to be used at a later date. Should this occur, a vote of our community members will take place in order to determine where our community wishes for them to go. However, we sincerely hope that we do not need to do this — that instead all available tokens will be sold during the token sale.
Following the completion of Round 2 we will spend exactly 24 hours ensuring each person who participated received the appropriate amount of tokens, and ensuring that the final touches on our airdrop and community reward distribution are completed. Immediately after this review period the launch of our mainnet and full product line (Dex, NFT platform, Yield Farming and Staking Platform, No-Loss Lottery, Surprise platform 1 and 2, etc.) will begin. It may take up to 2 days for this all to be completely launched and running.
The distribution of our Airdrop and Community Rewards Phase 1 will begin immediately after our products/platform is up and running.
If you have any questions, please let us know. Full announcement detailing all of this will be released in the coming hours. Thank you for working with us, and we cannot wait to bring you into the BENE field! Good luck!!
P.S. The airdrop and community rewards forms are still up and accepting submissions. We have extended this to ensure absolute fairness, and that each and every person has a chance to complete it!! See you soon!!
