Current location: Initial Token Offering
Initial Token Offering
(Last edited November 5th, 2022)
In order to finance the complete implementation (the design, development, alpha and beta -testing and auditing) of the polybourse.com exchange platform, we are expecting to make an Initial Token Offering (“ITO”) under the exception specified in the SEC’s Rule 504.
The token represents a right to advertise for a limited time on polybourse.com once the platform is operational.
The name of this token will be the acronym that stands for “Future Electronic Advertising Rights”: “FEAR”. Because there is already a “FEAR” token in the cryptocurrency universe, we will distinguish our token by calling it the “PolybourseFEAR” or “PBFEAR”.
Despite the negative connotations of the token’s name, we believe that a little FEAR can be a good thing. In fact, if you expect your company or organization will take advantage of advertising on polybourse.com, perhaps a lot of FEAR would be even better. It is our expectation that the prices available for the ITO will be significantly lower than what will be charged after the exchange becomes operational.
Our target goal is to raise US$2,000,000 with the ITO. If we fail to raise this amount by December 31, 2022, we will return any funds that have been submitted to us. In order to do this, you will need to provide us with your valid postal mailing address, because we will be returning those funds by check. If we are able to raise that amount or more, the funds will be used to purchase PolybourseFEAR tokens, which will initially be held off-line.
We expect to “pre-mine” approximately 21 million PolybourseFEAR tokens. More than half of these will probably be retained in the corporate treasury for future sales, sales that will probably occur both before and after the exchange is operational. Some of these retained tokens may be used in the future to reward transaction validation nodes.
If you are interested in purchasing PolybourseFEAR tokens, please send an e-mail to ito ta polybourse tod com. Include your name, mailing address, e-mail address and any other contact information you feel is relevant. We will add you to our ito distribution list and inform you when the tokens are actually available for purchase. Until they are available, this will function as a waiting list.