Avalanche (AVAX) Token Sale
Avalanche token Sale will kick off on July 8th , 2020 around 11: AM Eastern Standard time (UTC-5) . The token Sale will hold till the 22nd of July .Participants will be able to purchase tokens through three options, Public Sale Option A1, Public Sale Option A2 and Public Sale Option B. Public Sale Option A1 and Public Sale Option B borrow from the same pool of 12M tokens. On the other hand Public Sale Option A2 has its own dedicated pool of 5M tokens. Therefore, the total maximum number of tokens to be sold in the public sale is 17M tokens, or 4.72% of mainnet supply. The details of each option are as follows:
Public Sale Option A1 - [Staking Round [#2](/crypto/new/2) - 1 Year Vesting]. This option allows participants to purchase tokens at $0.50/token, using a 1 year vesting schedule, with quarterly unlocking. This allocation follows the same terms as the Private Sale. The maximum check size is $25K USD.
Public Sale Option A2 - [Staking Round [#2](/crypto/new/2) - 1.5 Year Vesting]. This option allows participants to purchase tokens at $0.50/token, using a 1.5 year vesting schedule, with quarterly unlocking. There is no maximum check size for this allocation.
Public Sale Option B - [No Vesting, Fully Unlocked]. This option allows participants to purchase tokens at $0.85/token, with no lockups. In order to prevent concentration, incentivize distribution, and incentivize tokens for staking, this allocation will enforce a maximum check size of $5K USD.
All options will be offered simultaneously, and participants can purchase any combination of the options. Any unsold tokens from Public Sale Option A1 and Public Sale Option B will be added to Public Sale Option A2 on July 21st at 10AM ET (UTC-4). After 24 hours, on July 22nd at 10AM ET (UTC-4), any of the unsold tokens from Public Sale Option A2 will be absorbed by the Community and Developer Endowment
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