P21 Token Sale

Purpose

The purpose of this page is to explain the basic structure of the upcoming P21 Token Sale.

The utility concept of the token is currently in stealth. The pre-sale and/or public sale of tokens will only be open when there is an existing utility, whereby the buyers can actively use the tokens in a blockchain application ecosystem.

Structure of Token Sale

The structure of the token sale is a multiple stage, monthly, flash, fixed price, capped, Reverse Dutch Auction.

This means the following: 1) token sale will consist of multiple sale stages; 2) each token sale stage will take place on a regular monthly interval; 3) token sale will not be open for the entire month, but only for a short period of time within; 4) offered token price will be fixed on each token sale; 5) total token supply will be capped; 6) circulating token supply will be released on a non-fixed and accelerated rate.

Below is the table highlighting the key features of the token sale:

Key Features of the Token Sale

Number of Sale Stages

Multiple

24

Sale Intervals

Periodic

1 Month

Sale Stage Time Period

Flash Sale

1 Week

Offered Price

Fixed Price

1 EUR

Total Token Supply Cap

Capped

EUR 24 Million

Circulating Token Supply Release

Incremental Increase

Variable

 

Below is the table detailing the specific terms of each sale stage:

 Month  

 Private

(Pre-Sale) 

/Public  

  Discount Rate*  

Supply

Token #

Payment21

 Lockup Period  

(months)

Token Buyer

 Lockup Period  

(months)

1

Private

50%

5.0000%

  500,000

24

1

2

Public

25%

30.0000%

3,000,000

23

2

3

Public

0%

60.0000%

6,000,000

22

3

4

Public

0%

85.0000%

8,500,000

21

4

5

Public

0%

85.7500%

8,575,000

20

5

6

Public

0%

86.5000%

8,650,000

19

6

7

Public

0%

87.2500%

8,725,000

18

7

8

Public

0%

88.0000%

8,800,000

17

8

9

Public

0%

88.7500%

8,875,000

16

9

10

Public

0%

89.5000%

8,950,000

15

10

11

Public

0%

90.2500%

9,025,000

14

11

12

Public

0%

91.0000%

9,100,000

13

12

13

Public

0%

91.7500%

9,175,000

12

13

14

Public

0%

92.5000%

9,250,000

11

14

15

Public

0%

93.2500%

9,325,000

10

15

16

Public

0%

94.0000%

9,400,000

9

16

17

Public

0%

94.7500%

9,475,000

8

17

18

Public

0%

95.5000%

9,550,000

7

18

19

Public

0%

96.2500%

9,625,000

6

19

20

Public

0%

97.0000%

9,700,000

5

20

21

Public

0%

97.7500%

9,775,000

4

21

22

Public

0%

98.5000%

9,850,000

3

22

23

Public

0%

99.2500%

9,925,000

2

23

24

Public

0%

   100.0000%

   10,000,000

1

24

*Volume discount

This token sale structure has been selected from the observation of token sales of other ICO projects in an attempt to alleviate the wrong and accentuate the good. In fact, this sale structure is necessary to address the single most difficult aspect of ICO token sales which is that individuals have a highly variable valuation of the token from the lack of an agreed upon valuation method.

Rule-Based Monetary Policy

Payment21 will implement a series of policies to create a blockchain ecosystem resembling a Rule-Based Monetary Policy. These are of the following:

  1. Lockup Period
  2. Forward Notice of Sale
  3. Natural Rate of Release

Lockup Period

Payment21 and the buyer of tokens will be subject to a lockup period which will restrict any form of secondary trading. However, tokens will be available to use on the blockchain ecosystem. Payment21 will be subject to a decreasing lockup period while buyers will be subject to an increasing lockup period.

Forward Notice of Sale

Payment21 will notice the public of its secondary sale of tokens in treasury.

Natural Rate of Release

Payment21 intends to use its treasury of unsold tokens to be released in the form of incentives to boost utility within the blockchain application.

Additional Information on the P21 Token will be published at a later date.

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