BNTY Token Pre-sale Recap.

Summary of the Bounty0x pre-sale.

The Bounty0x pre-sale contribution period ended on November 21, 2017. Whitelisted contributors were allotted 24 hours in order to contribute to the Bounty0x Pre-sale starting on November 20. At the conclusion of the whitelist contribution period, after that the $250k hard cap was hit instantly.

What went well.

The initial 24 hours of the pre-sale were reserved for the first 200 Bounty0x Telegram members. Eligible individuals sent their ETH address in order to claim their whitelist spot; 155 spots were claimed. After the initial 24 hours were over, the smart contract also accepted contributions from non-whitelisted addresses.

The pre-sale target was hit much faster than initially expected. Over 580 addresses contributed to the $250k pre-sale hard cap, which was hit almost immediately after the pre-sale. BNTY tokens will be automatically distributed to everyone after the main sale concludes.

Pre-sale smart contract

The pre-sale smart contract had two minor issues. Initially, the pre-sale contract had a “safeIncrement” function error which caused tx failures. The issue was quickly identified following collaboration of our technical lead and one of our community members @batman9494 who will receive a reward for his assistance. Secondly, the contribution amount check per whitelisted individual had a loophole which allowed more than one contribution from a whitelisted user. The amount sent using this loophole is negligible; there was only one double tx worth 2.53 ETH. The ETH will be refunded 2 weeks after completion of the pre-sale.

Next steps

The BNTY main sale is capped at $1.5mln and starts on Dec 15th at 14:00 UTC for whitelisted contributors. On Dec 16th at 14:00 UTC, the pre-sale will be opened to non-whitelisted contributors who will be able to contribute.

We will be sending an email to whitelisted contributors confirming their main sale spot. Next week, a participation guide will also be released. As suggested by the Bounty0x community, there will be a gas cap for this final funding round.

Thank you to all who participated!

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