Avoteo Crypto-based Crowdfunding Platform Has Successfully Completed the Private Round and Announces Phase 1 of Presale and continuation of the Rewarding Referral Program
The crypto-based crowdfunding platform AVOTEO has announced the completion of its private sale where nearly $300,000 was raised. Now the fully doxed project team announces the start of the first phase of its presale and their exceptionally lucrative referral program.
The first presale phase will begin on January 3rd. AVO tokens will be sold for $0.02 each. Up to 10% bonus tokens can be earned depending on the purchased amount. In this round, 25% of the tokens will have no vesting period, another 25% will have a vesting period of 3 months after the first listing, followed by 6 months for another 25%, and lastly, 25% of tokens will have a vesting period of 9 months. Tokens that were sold during the private sale will be vested until 9 months (50%) and 12 months (50%) after the first listing. The vesting periods will help to ensure price stability, the listing price will be $0.05.
Referral Program
When purchasing tokens through a referral link, the referrer will receive 15% bonus tokens, the referral recipient will receive 10% bonus tokens. If the bonus tokens received by the referrer reach a total of 10,000 AVO tokens, the tokens can be “sold” directly at a price of $0.01 per AVO token to receive a stable coin instead of AVO tokens with the same vesting time as tokens that were sold in the private sale (50% 9 months after listing and 50% 12 months after listing). In addition, AVOTEO is holding a referral contest where a total of 50,000 USDT in prize money can be won. This contest will run throughout all ICO phases.
AVO token
AVO is the governance token of AVOTEO and is based on the Binance Smart Chain.
Tokenomics
1 billion total supply:
- 500M are offered during three ICO rounds
- 300M will be distributed to the team, partners, and advisors
- 150M are for referrals
- 50M are for giveaways, airdrops, etc.
10% tax on all transactions:
- 4% Funding Wallet
- 3% Redistribution to AVO holders
- 3% Liquidity Pool
Text source: DailyCoin.com
