Monday March 01, 2021
Bitcoin (BTC) $45,960.00   Ether (ETH) $1,429.80
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
No Result
View All Result
Home Token Offerings/Listings

Peer Mountain launches SmartCap token sale model for enhanced transparency

Published by CryptoNinjas.net
12/12/2017
Peer Mountain launches SmartCap token sale model for enhanced transparency

Blockchain-based self-sovereign identity company Peer Mountain has today announced that founder Jed Grant has pioneered an innovative new model for capped token sales that creates greater transparency and enables the market to better determine price. The SmartCapTM model, underpinned by a price discovery algorithm, enables companies to offer tokens via a capped sale without running the risk of failure by incorrectly forecasting demand or setting unrealistic pricing.

“Standard token sales fail to offer would-be investors fair, open opportunities to purchase tokens,” commented Peer Mountain’s co-founder and CEO Jed Grant.

“Uncapped sales create an atmosphere that encourages greed, and encourages irresponsible investment. But currently, standard capped sales place an unnecessarily heavy burden on the organizers to correctly forecast demand prior to launch, risking either leaving the market unsatisfied or being deemed unsuccessful if they don’t sell all tokens – even if they do raise substantial amounts of capital,” Mr. Grant continued.

In a SmartCapTM capped sale, tokens are made available in sequential rounds. Each round offers a fixed number of tokens, offered at a fixed price. When the order quantity exceeds the amount available, the round closes. Tokens are then allocated by order size, with larger orders receiving priority; unfilled orders receive priority in the next round.

The number of tokens available in the next and subsequent rounds will increase by an algorithmically defined amount. The price will also increase in the same manner, albeit by a much smaller amount.

The sale closes at the first incomplete round, and any tokens sold in this final round are priced at the lower price of the preceding round.

Mr. Grant has also created terms for a SmartCapTM pre-order round, where orders may be accepted from buyers with particularly desirable characteristics, such as strategic relationships, order size, or other characteristics that benefit the project. These characteristics will be made transparent to participants, with those who rank most highly for desirability receiving priority for order fulfillment.

“Token sales to date have a very mixed reputation,” commented Grant. “The SmartCapTM model aims to provide significantly greater transparency by taking many decisions out of human hands.”

“Once a company has set its overall cap and token volume, the algorithm means that the rest of the sale can proceed at a pace and price that allows both the market and the company to be satisfied.”

“We are firm believers in transparency and regulatory compliance,” commented Grant. “We are excited to debut the SmartCapTM model to optimize the performance of the sale, and to set a new standard for ICOs both in Europe, and globally.”

The algorithm has been independently validated by Prof. Jos Van Bommel, an expert in IPO securities, liquidity and valuation.

Peer Mountain Launching its own ICO using SmartCapTM model

Peer Mountain is planning the crowdsale for PMT tokens which will take place under the ICO 2.0 Framework. Peer Mountain intends to raise a minimum of 150,000 ETH in order to build and deploy Peer Mountain into the world’s blockchain application standard for the trustworthy conclusion of business in any legally regulated environment. The token will be ERC-20-compatible (so within the standard) on the Ethereum network. The team says it believes in the concept of “ICO 2.0” in which token offerings are fully transparent and compliant with regulations. To this end, Peer Mountain has committed to the ICO Charter and will run a transparent and fair ICO.

FacebookTwitterLinkedinRedditE-MailTelegram

Related News

No Content Available
Load More
Leave Comment

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit
  • Trending
  • Latest
Glow programming language brings smart contract simplicity to Cardano

Glow programming language brings smart contract simplicity to Cardano

02/26/2021
This was avoidable – The lost Bitcoin fortunes

This was avoidable – The lost Bitcoin fortunes

02/26/2021
ZelaaPayAE deploys Pundi X's merchant crypto payment solutions for UAE

ZelaaPayAE deploys Pundi X’s merchant crypto payment solutions for UAE

02/24/2021
Anchorage raises $80M Series C, led by GIC, Singapore's sovereign wealth fund

Anchorage raises $80M Series C, led by GIC, Singapore’s sovereign wealth fund

02/25/2021
Tendermint invests in Tgrade to bolster Cosmos' growing DeFi ecosystem

Tendermint invests in Tgrade to bolster Cosmos’ growing DeFi ecosystem

02/24/2021
Crypto platform NetCents to offer users access to DeFi protocols thru Vesto

Crypto platform NetCents to offer users access to DeFi protocols thru Vesto

02/27/2021
SmartKey to integrate with GeoDB to build the blockchain-based data ecosystem

SmartKey to integrate with GeoDB to develop blockchain-based data ecosystem

02/26/2021
This was avoidable – The lost Bitcoin fortunes

This was avoidable – The lost Bitcoin fortunes

02/26/2021
Bitcoin exchange Xcoins receives In-Principle Approval for Malta's VFA license

Bitcoin exchange Xcoins receives In-Principle Approval for Malta’s VFA license

02/26/2021
Token-based commodities DEX Mettalex launches on Binance Smart Chain and Ethereum

Token-based commodities DEX Mettalex launches on Binance Smart Chain and Ethereum

02/26/2021
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy


Go to mobile version