Token Sale Event Key Information

Transcription

1 Token Sale Event Key Information

2 Disclaimer This is a reference document describing our proposed CyberMiles tokens sale event ( Token Sale Event ). It may be amended or replaced at any time. Readers are notified as follows: Not available to all persons: the CyberMiles platform and CyberMiles tokens are not available to all persons. Participation may be subject to a range of steps, including the need to provide certain information and documents. Persons domiciled in certain jurisdictions, or who are designated persons on any United Nations sanctions list, may be excluded in order to comply with applicable laws. No offer of regulated products in any jurisdiction: CyberMiles tokens (as described in this document) are not intended to constitute securities or any other regulated product in any jurisdiction. This document does not constitute a prospectus nor offer document of any sort and is not intended to constitute an offer or solicitation of securities or any regulated product in any jurisdiction. This document has not been reviewed by any regulatory authority in any jurisdiction. No advice: this document does not constitute advice in relation to whether you should participate in the CyberMiles platform or buy any CyberMiles tokens. No representations or warranties: No representations or warranties are made as to the accuracy or completeness of the information, statements, opinions or other matters described in this document or otherwise communicated in connection with the project. Without limitation, no representation or warranty is given as to the achievement or reasonableness of any forward-looking or conceptual statements. Nothing in this document is or should be relied upon as a promise or representation as to the future. To the fullest extent permitted under applicable law, all liability for any loss or damage whatsoever (whether foreseeable or not) arising from or in connection with any person acting on this document, or any aspect of it, notwithstanding any negligence, default or lack of care, is disclaimed. To the extent liability may be restricted but not fully disclaimed, it is restricted to the maximum extent permitted by applicable law. English version prevails: this document is provided in an official English version only. Any translation is for reference purposes only and is not certified by any person. If there is any inconsistency between a translation and the English version of this document, the English version prevails. In the event of inconsistency between this document and the CyberMiles token sale terms and conditions, the latter prevails. You must take all necessary professional advice, including in relation to tax and accounting treatment. We hope the CyberMiles project will be highly successful. However, success is not guaranteed and digital assets and platforms involve risk. You must assess the risks and your ability to bear them.

3 Token Sale Event target dates: October 24 th Nov 25 th 2017 Total CyberMiles Tokens ( CMT ) for sale: 1,000,000,000 CMT Pre-sale Tokens: 350,000,000 CMT Public Token Sale Event: 650,000,000 CMT Final dates will be announced on our website As at the completion of the Token Sale Event, there will be a total of 1 billion CMT issued. If not all tokens are sold, they will be kept in reserve by the Foundation. CMT Pricing for Token Sale Event Reference pricing for Token Sale: 1 ETH = 7,000 CMT The official token wallet address will be provided only on cm.5miles.com

4 Token Sale Event Caps Token Sale Event Schedule Hard-cap: 1,000,000,000 CMT Private Pre-sale Commitments: 9/20 10/23 Private Pre-sale cap of 350,000,000 CMT Private Pre-sale paid only in BTC Minimum commitment of 20 BTC Maximum commitment of 200 BTC Register at cm.5miles.com/register?v=vip Soft-cap: 200,000,000 CMT Token Sale Event: 10/24 11/25 Token Sale Event only conducted in ETH Maximum purchase of 0.2 ETH Register at cm.5miles.com/register Hard-cap: Token Sale Event will end once the Hard-cap amount has been achieved Soft-cap: Contributions will be returned if the Soft-cap amount is not met as of the close of Token Sale Event CMT will be issued as an Ethereum EIP-20 Token Once proceeds are collected and recorded on respective Bitcoin and Ethereum addresses, these funds are moved to an undisclosed number of cold wallets on respective blockchains

5 Proposed use of proceeds - Description Token Sale Event: Use of Proceeds Establishment Costs Costs related to setting up the CyberMiles Foundation, a notfor-profit organization CyberMiles Development Costs To fund the initial development expenses related to CyberMiles blockchain protocol and applications 5miles Platform Expansion To contribute towards the expansion of 5miles, the first ecosystem to adopt & integrate with CyberMiles and CMT To be structured through commercial agreement between the CyberMiles Foundation and 5miles Partners & Advisors Costs related to initial partners & advisors to CyberMiles Working Capital & Reserve Foundation s capital reserve to fund potential CMT listing & other uses Allocation of Funds: Use of Proceeds 10% 10% 5% 45% 25% 5%

6 Proposed CMT Pre-Allocations for Future Circulation Pre-Allocation of CMT to be Released CMT Incentives Program Pre- Allocation Vesting Period Release Mechanism 6.0 billion n.a. PoS-PoW hybrid; Target release of 20%/yr through perpetuity Team & Partners 1.0 billion 3 years 8.33% per quarter 5miles-CMT development 0.5 billion 3 years 8.33% per quarter 5miles 1.5 billion 3 years 8.33% per quarter Initial CMT Sales 1.0 billion n.a. Total CMT to be created 10.0 billion CMT Incentives Program 6 billion CMT in reserve Future issuance of the tokens in reserve could be used to incentivize participants in the CyberMiles ecosystem through the CMT Incentives Program CMT intend to be provided to network participants who have contributed towards various CyberMiles processes and applications (such as voting on dispute resolution, forming 5miles Groups, etc.) through completion of Smart Contracts. 5miles, Team, and Initial Partners 3 billion tokens propose to be allocated to 5miles and other initial partners, in consideration for their role in establishing the CyberMiles platform and developing the initial ecosystem for CMT 5miles allocation to be part of commercial agreement between Foundation & 5miles, for integrating CyberMiles with 5miles 10+ million users

7 Expected Timeline Time Series Post-Token Sale by Allocation Dec. 2017: v.0.1 of smart contract modules expected to be launched Jun. 2018: 5miles app begins to integrate CMT to facilitate marketplace operations Dec. 2018: v.1.0 of CyberMiles modules expected to be launched Mar. 2019: CyberMiles expected to be available for use on other platforms Event Released from reserve is based on targeted level of 20% of remaining reserve per year 5miles, Team, and CMT Partners component based on 3 year vesting period, at 8.33% per quarter for 12 quarters

8 cm.5miles.com