Token Issuance & ICO Structure
ICO Fund Utilization: 99% Underlying Assets, 1% Operational Expenses
Token Type: ERC20, Ethereum Blockchain
Maximum Supply (Hard Cap): 200,000,000
Available for Purchase: 145,000,000
Price per token:
500 BTF tokens=1 ETH
Emission rate: No new coins will be minted, created or mined after the ICO
Main ICO Sale Period: Dec 1st 2017 1200 GMT to Jun 1st 2018 12:00 GMT or until all tokens are distributed.
Any tokens not purchased during the ICO will be destroyed.
The Fund will redeem tokens at the NAV price after the ICO.
Team tokens will vest over one year to align team incentives with ICO participants.
Funds held in Ether during the ICO will be held in Escrow in a hard device.
Blockchain Traded Funds will list the BTF token on exchanges as soon as the ICO is finished.