Token sale

In brief

Token details
Crowdsale details

Token details

Role of token

Community rewarding, platform payments

Token supply

900 million

Distributed in the crowdsale

450 million (50%)

Token symbol/Ticker

JAM

Number of decimals

8

Blockchain

Ethereum (ERC20*)

Emission rate

0.07€ out of discount

Origin

Luxembourg or Belgium (negotiating the legal environment) (°)

Crowdsale details

Minimum viable product

Player + Tip + PoC Blockchain

Minimum goal

€4 500 000 (for a partly developed project)(*)

Maximum goal

€30 000 000

Accepted currencies

Bitcoin, Ethereum, NCC, valuable tokens... or Euros

Minimum transaction about

0.1 Ethereum

Private sale

October 2018

Pre-ICO distribution period

November 2018 TBA

Main ICO distribution period

December 2018 TBA

Token distribution

Tokens will be distributed in proportion to the investment after the ICO.

How funds are held

Multi-sig wallet held by Company

(*) If the soft cap is reached, the team will make every effort to finalize the development of its player, its tipping function and the necessary links with the blockchain environment for time stamping and remuneration (partial log-ion).

If the soft cap is not reached (any investment phase included) and as funds are frozen until it is, the amounts allocated will be returned to contributors in their original form, regardless of fluctuations in the value of tokens in the interval. For example, if you transfer 1 ETH to us, we return the same ETH to you after deducting the transfer fee for the refund.

(°) Estonia is also a potential location country as State inspires more and more European countries in e-economy affairs. European rules remain fully applicable.

Attention point

The Ownership of tokens carries no rights, uses or attributes, express or implied, other than those described in the terms and in the White Paper. In particular, you understand and accept that tokens (JAM):

  • don't represent or confer any financial right on the economic results of the company

  • don't represent or confer any ownership right or stake, share or security or equivalent rights, intellectual property rights or any other form of participation in or relating to the platform, services and/or company and its affiliates

  • isn't intended to be a digital currency, security, commodity or any other kind of financial instrument

JAM is a cryptographic token used by the OpenJam platform, project and services. Later, it could be an exclusive element of interaction with a utility and security token that we would like to deploy (LION project), to ensure more stability in trade. The JAM would then fluctuate while LION would remain at a fixed price. The LION could only be purchased with JAM or through an official institution. This project will need to be negotiated. It won't be a new fundraising event!

Private sale

October 2018

During the private sale, 90.000.000 JAM's could be sold with a special discount of 40% on the emission rate. This offer is reserved to professional or acredited/experienced investors. It could be combined with a lockout period until the end of phase 1 development.The KYC an all others rules remain applicable. In case on interest, please contact us at info@techmedev.eu

Pre-ICO (public)

November 2018 TBA

Ending on november TBA

At the end of the private sale and according to the number of tokens sold, a maximum amout of 200.000.000 JAM's (including the 90Mio of private sale) could be offered with a spacial discount of 20%.

Our pre-ICO will begin on the XXX TBA and will run for 15 days until the XXX TBA. Only registered users will be able to participate in pre-ICO, in accordance to our rules, including KYC.

You’ll be able to invest in OpenJam with any verified token on the Ethereum platform having a market valuation; you’ll be able to invest in Euro, BitCoin, Ethereum, NCC, Stellar, Litecoin... (will be decided before the PRE-ICO). You will do this by sending them to an ERC20 wallet address which will be revealed when operations starts.

ICO (public)

December 2018 TBA

Ending on December TBA

The pre-ICO will be followed by the ICO and will allow the sale of all remaining tokens up to a maximum of 450.000.000 (including 200 mio of previous sales) with the following discounts

  1. first week 15%

  2. second week 10%

  3. third week 5%

  4. fourth week and after 0%

Our ICO will begin on the XXX TBA and will run for 5 weeks until the XXX TBA. Only registered users will be able to participate in ICO, in accordance to our rules, including KYC.

You’ll be able to invest in OpenJam with any verified token on the Ethereum platform having a market valuation; you’ll be able to invest in Euro, BitCoin, Ethereum, NCC, Stellar, Litecoin... (will be decided before the PRE-ICO). You will do this by sending them to an ERC20 wallet address which will be revealed when operations starts.

Tokens not sold at the end of all offering operations will be conserved by the issuer at least until the end of the first phase of the development.

After the ICO, the issuing of tokens on the market will be limited to 585Mio to avoid any deflation effect.

Total supply is 900 000 000 JAM tokens (never more), 450 000 000 JAM are being offered for sale. The remaining funds will be used according to the following detailed information as the project evolves.

The JAM distributed and remaining could be tracked at https://openjam.eu or one another dedicated site.

For further queries related to token sale processes refer to our FAQ or contact us on ico@techmedev.eu.

Token release

Contributing rules

There are strict rules and precautions to follow while participating within the OpenJam ICO:

  • See our KYC rules, warnings and disclaimer

  • In case of doubt, contact us - ico@techmedev.eu

  • Do not send Ethers before the Pre-ICO/ICO has begun.

Are you new to the Ethereum Platform?

With the great surge of token sales of Ethereum and other cryptocurrency projects there's also a great deal of misunderstanding and greed, both on the side of the companies as well as investors. How do you draw the line between good and bad projects? Follow the checklists below and you'll have to worry alot less about how sound your investment is.

Token sale and use of proceeds repartition

Token Sale

Seed: 5% - Company (to support outside development): 5% - Team, partners until consultant: 10% - Strategic ICO advisors: 3% - Charity: 2% - Bounties: 10% (to support development) - Artists support: 10% - Future (lockup): 5% - Development: 50% (3 years linear model)

Use of funds

Fund releasing will happen gradually to enable the development of our business according to a 3-year linear model.

The contributions will be used for product and technical development, management, operations, marketing, sales, PR and international expansion. If we do not reach the envisioned amount, we’ll rely on operating profits and scale down our operations to remain fully functional for the next years.

Seed - 5%

Amount allocated to investors who have supported the project in its long incubation and development phase and who have taken financial risks before raising funds (private investors, founders, banks, VC)

Company - 5%

Amount reserved for all the activities of the company outside the project: exchange with the communities, promote the technology, share its knowledge, participate in other projects promoting the development of blockchain, participate in the creating of legal frameworks... contribute to the common effort!

Team... - 10%

What's the core team have to do?

  • project management

  • design and research arount OpenJam and log-ion projects

  • engineering, security

  • business development

  • legal and financiel strategy

  • marketing ans communication

  • artists management...

Strategic ICO advisors - 3%

Compensation reserved for expert advisors or partners who will be actively contributing to the achievement of a qualitative ICO

Charity - 2%

Amount allocated for supporting humanitarian projects with our partner

Bounties - 10%

Rewarding the community for its efforts in development

Artists support - 10%

Amount allocated to the reward of artists who highlight the OpenJam project, through their creations, their activities... But also for the support of musical initiatives and events

Future - 5%

Amount reserved for non-anticipated requirements

Development - 50%

To support solution technical dévelopment and promotion of results achieved