Lamden’s contribution periods have been specifically made so you don’t need to rush to be first in line. You can take your time! Avoiding scams should be top of mind. As with previous token sales, there will be several groups attempting to steal your funds. We ask that all potential contributors remain extremely cautious. Expect fake clone websites, phishing attempts, and people impersonating the Lamden team. Always check (and bookmark) our official sources such as the Lamden website, blog, and Twitter to validate information, key dates and instructions.

The Lamden team will never send you a private message asking for funds or personal information. NEVER trust Slack messages, even if they seem to be coming from the Lamden team.

By introducing an equal, individually-assigned purchase cap for all registrants during the first 24 hours of the TAU Contribution Period, we are attempting to make it easier for all registrants to purchase TAU. There will be no need to rush or make careless decisions when participating in the sale. During the first 24 hours of the Contribution Period, there will be no advantage to purchasing TAU first.

Every registrant is required to go through a unique purchase process. Do NOT trust Ethereum addresses posted to Slack, or any other communication channel.

Presale and Token Sale registration will begin on October 30th.

Once you sign up for the registration and address is whitelisted, you will be emailed the official contribution address and further instructions within 24 hours of sign up.

The Token Sale launch date will be announced in early December via our official Twitter account.

Requirements for Registration

Chrome Browser

When registering for the TAU presale and token sale and during the purchasing process, you will be required to use the Chrome browser.

User-controlled Ethereum address

Contributors MUST have a user-controlled Ethereum address at the time of registration. This registered Ethereum address will be whitelisted for purchasing TAU during the Contribution Period; contributors will NOT be able to purchase TAU from a non-registered Ethereum address. Contributors will not be able to register or purchase TAU using an exchange such as GDAX, Coinbase, Bittrex or Poloniex. The registered Ethereum address does NOT need to be funded with ETH at the time of registration. We will support the following user-controlled Ethereum wallets:

TAU Token Details

TAU Token Details

We seek to raise a capped total of $10M, having already brought in $150,000 from a seed capital group and are looking at bonus models identical to more traditional funding rounds in the startup up…

Presale: “Round A” Bonus of 22%: $2,350,000

Token Sale: “Round B” Bonus of 0%: $7,500,000

Total: $10M raise total cap goal.

The total number of TAU tokens to be generated is 500,000,000. Any TAU tokens left at end of sale will be burned.

Token Pre-sale

The Token Pre-sale has begun on October 27th and will conclude once $2.5M is raised at a predetermined USD price of ETH announced already at $294.

Individual Purchase Caps

The equal, individually-assigned purchase cap for each registrant during the token sale will be calculated after we know the total number of registrants. For the first 24 hours of the token sale, the individual purchase cap will be fixed such that the total $7.5M hard cap is equally divided among all registrants. This cap will double every 24 hours from there on out:

(($7,500,000 / # of registrants) ETH * 2^(days_after_tokensale_start))

If 100% of the N registrants purchase 100% of the individual purchase cap during the first 24 hours, the token sale will end there. However, it is likely that some registrants will only purchase a fraction of the full individual allotment, or forget to purchase altogether. Any TAU not sold within the first 24 hours will then become available (at the same price) to registrants via a 2x increase to the individual purchase cap.

Once the individual purchase cap is increased to 2x the initial value, only a fraction of all registrants would be able to hit the new individual purchase cap before the total hard cap of $7.5M is reached. As a result, if you are interested in purchasing some TAU and you have registered for the token sale, purchasing during the first 24 hours will likely maximize your ability to purchase TAU. If any TAU have not been sold after 48 hours, the individual cap will increase to x2 again. This x2 every 24 hours will continue until the cap is reached.

Closing Notes

Clear instructions will be released via official communication channels as we approach the registration and purchase dates. Make sure to read the Lamden blog, join us on Discord, and follow us on Twitter to receive important updates.