Private Presale has ended after raising $1,040,000

Along with the high evaluation of the project by various ratings, we started receiving applications for participation in our Private Presale. Over the past 2 weeks we have received more than 1,000 applications from those wishing to buy Tokens for sums in excess of $5,000. Under the leadership of Dmitry Malyanov, Co-Founder of AdHive, a Sales team of 3 managers has been added to the project.

Today is January 24 and it has been exactly one week since the first sale of Tokens at the Private Presale. We are pleased to announce the closure of the Private Presale with a total of $1,040,000 raised (under the exchange rate actual at the end of the Private Presale). The number of participants was 102, the weighted average percentage of the Bonus was 39%. Applications for participation in the Private Presale are no longer being accepted.

To participate in the Private Presale, buyers were required to provide documents to ensure proper clearance of KYC in the future. The KYC is conducted for AML purposes and Token Sale legal compliance. More details on the issue can be found here.

Presale hardcap increased to $3 million

In connection with such an influx of applications, it was decided to increase the hardcap of the Presale to $3 million. The entire amount of funds raised at the Private Presale will be fully credited to the public Presale. Thus, more than 30% of the hardcap of the public Presale has already been collected.

The Presale will provide the opportunity of overcoming the softcap of overall collections and start business development. Additional funds will be spent on developing the platform, increasing the influencers’ community and increasing the presence in Asian regions at the Token Sale. Along with the achievement of the hardcap, we plan to announce regional managers headhunting in USA, Europe, Asia, and we have already starting candidate screening and selection procedures.

Token price is set at 1 ETH = 5,000 ADH

The Hardcap is set in $, but the ADH conversion rate is related to ETH. Therefore, we have established the value of the Token to include the high volatility factor of the price of Ether. Even if the price of Ether halves during the Token Sale, we will have the necessary supply of Tokens to reach the established hardcap. If the price of Ether remains unchanged or grows, we will stop the Token Sale upon reaching the established hardcap and eliminate the unsold Tokens. Today, we have set the ADH conversion rate at 1 ETH = 5,000 ADH. The final rate will be announced 6 hours before the start of the Token Sale. For Private Presale participants, the amount of Tokens will be updated according to their personal profile accounts.

Very soon we will be announcing important updates regarding the Token Sale, stay tuned.

Official links:

http://adhive.tv

http://adhive.tv/platform