Cryptonity is a blockchain project intends to build an ecosystem for trading of cryptocurrency. In this review, icokick shall review detail background of the initial coin offering. Two important factors that drive investors to investing in an initial coin offering is partly the background of the project itself because it goes a long way to examine future acceptability of the project. A project that is generally accepted will flourish. The second factor is the token which is purchased during the ICO. Investors are always curious to know what is the essence of holding the token? Are there any benefit attached to holding the token?. All this and many other questions will be answered pertaining to Cryptonity.
The official token of cryptonity is XNY token. XNY token is an Ethereum blockchain based token. The XNY token is an utility token which will generally be accepted for payment of transaction fee on cryptonity exchange platform. In order to also make the price of the token viable, XNY will be available as a major pair in which all other cryptos which are listed on the platform can be traded against the token. Just like BTC and ETH. By holding XNY token, Users will have opportunity on the platform to be able to participate in some activities such as voting for the coin of the month. Additionally, users will get up to 50% discount transaction fee when holding XNY token on the platform. All this benefit gives room for the price of the XNY token to grow fast and not just a dump and pump token
Cryptonity will offer public sales within a fixed period of 2 months. Ninety one (91) days to be specific and this will commence on the 1st of November till 31st of December 2018. Total amount of XNY equivalent to 100 million XNY token is issued. The soft cap is set at $500,000 while the Hardcap is set at $20,120,000. The public sales will be in three phases and the price per XNY token varies for each phase. The lowest price per XNY token is $0.23 which will only be available during the first phase. After the first phase is over, the price per XNY token will increase to $0.34 per token for the second phase of the public sales. The highest price per XNY token will be $0.58 and this will be obtainable during the last phase of the token sales. One the public sales is concluded, the XNY token will be distributed to investors after fifteen days (15th February) and also XNY token will be fully release as a trading pair on the cryptonity exchange platform.
Interested investors need to note that Cryptonity will require KYC registration before token can be withdrawn. All in order to purchase XNY token, some accepted cryptocurrency for payment include Bitcoin, Ethereum, Bitcoin cash, Litecoin and binance coin. For more information on token sales you can visit http://tokensale.cryptonity.io/. Also you can read more about Cryptonity by visiting ICO MATCH or download the whitepaper available here: https://tokensale.cryptonity.io/storage/Whitepaper_EN.pdf
Any other information can be gotten from the cryptonity social pages which are available below;
This Article is written by
Thesmallgod
https://bitcointalk.org/index.php?action=profile;u=1104932
Cryptonity Initial Coin Offering Review and Critical Analysis of XNY token
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Reviewed by Planet
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