Do you know how many great investment opportunities you have missed last month? Well, I don’t. Luckily for you, this isn’t one of them… as you will be hardly making any money on this.

Intro:

There has been like 100 ICOs in August alone and honestly I’m getting sick of all of those ‘for now’ useless fantasy tokens. My email still gets filled with spam massages from the leaked TheDAO list telling me not to miss this fantastic and unique investment opportunity. I mean, public and seamless crowdsourcing is great but pushing it too hard without even doing the product work isn’t. That’s why I’ll be making a token sale of a product that’s ready to ship now. Beer! More precisely, an invitation for a beer, by me.

François Louis Jaques — Paysans fribourgeois au bistrot, 1923

Token of Gratitude:

Initial Beer Offering is technically an ICO contract, but it takes a step back. Participants that choose to earn the token will not only have a great feeling about contributing to a community hub and potentially donating to a charity, but they will be getting an ERC20 compliant Token of Gratitude.

What to do with such a token?

Well, just like with most of the tokens nowadays, you can hold it or you can sell it. However, with your ToG you can actually do one real thing, you can redeem it for a beer!

In the IBO, participants willing to pay the price will receive the very very exclusive Token of Gratitude (ToG), an expression of my appreciation of you doing the right thing.

Only 500 ToGs will be given away to supporters.

Fundraiser goals:

The fundraiser doesn’t have a minimal limit and each ToG holder will have a chance to get a drink. However, there are two 2 stretch goals plus one bonus goal limiting the maximum funds that can be used by the community.

1st goal: 10 000 USD

Commitment: I will open and run a blockchain developer hub. For a year, the place will be open for anyone who works on a blockchain project. It can be a free place for you to co-work if you are in Prague.

2nd goal: 25 000 USD

Commitment: I will organize an academic conference for blockchain related papers in Prague next year.

Charity goal: 25 000+ USD

Anything above 25k will be automatically sent to the Etherum address of Doctors without borders / Médecins Sans Frontières! See the code. (I’m already in contact with them regarding their address creation, waiting for them to process it. It shouldn’t be an issue as they already accept Bitcoin)

Update (based on feedback): Anything between the goals will be send to charity. This means: if the 1st goal isn’t met, everything goes to MSF & if the 2nd goal isn’t met, everything above 10k goes to MSF.

Token price:

The token price is increasing after every 100 sold tokens. However, the contributions are not limited to the minimal price or the amount of tokens.

Update 2: Updated price tab

What do you think?

The idea is basically a funny networking experiment. As I already wrote the contract I thought why not utilizing it for the common good and the community.

Any kind of feedback including critique or expressing concern is welcome!

More on how to join the IBO and the official website coming soon!

EDIT 1: Updated the withdrawal function. See “Fundraiser goal:” > Update

EDIT 2: Lowered the price of ToG