We are happy to announce the long-anticipated Plair token sale. Currently undergoing the Private Round, KYC both the VeChain Community Round and Public Round will begin on June 1st, and the sale will commence on June 7th 2018. This milestone event will help propel the Plair Platform on a journey to becoming the de facto decentralized gaming platform, built for those who believe that a gamer should be able to sustainable a gamer’s way of life while doing what he/she loves.

As a VeChain Foundation officially-backed New Token Issuance, the Plair Foundation has pledged to raise at least 80% of token sale funds in VET. Furthermore, the Plair Foundation intends to hold all VET raised for at least two years, and during these two years to only utilize VET for funding in the event all other financial resources are exhausted.

We have been thrilled with the overwhelming interest in the Plair Platform and token sale. All distributed tokens will be created on the VeChainThor blockchain and distributed after the mainnet launch. A summary of important details regarding the sale can be found below:

Raise Rounds

Plair’s raise is divided into three tranches, plus a special round for the VeChain MainNet Launch:

Private Round

The Private Round will be primarily for strategic partners and funds that will be able to offer a long term benefit to the Plair Platform and its community. If you believe you can offer value to Plair Foundation and would like to be a part of this round, we encourage you to contact us at IR@Plair.life.

All Private Round members will participate in a required PLA token lockup program, with the first 25% of their tokens released a few days after token minting and 25% released every quarter there after. Participants in the Private Round will not be able to utilize a discount higher than 20% unless providing immense strategic value.

VeChain Community Round

The VeChain Community Round is dedicated to VeChain X-Node holders and other holders of VET. Plair pledges, through the facilitation of the VeChain Foundation, to provide VeChain X-Node holders with access to exclusive tiers of discounts and rights of purchase.

The VeChain Community Round is not restricted only to X-Node holders, but rather offers X-Node holders discounts and early purchasing rights. After X-Node holders have had their opportunity to purchase, Economic Nodes will also be allowed to participate in the VeChain Community Round, as long as there are allocations still available in the VeChain Community pool. Economic Nodes will not, however, be eligible to purchase with a discount.

The KYC/Whitelisting process for the VeChain Community Round starts on Friday, June 1. The Plair Foundation will securely store all X-Node holders KYC information gathered during the Plair Token offering. X-Nodes will only be recognized by their holding at the time of the VeChain Foundation designated lock period (no maturity period is recognized). In addition, the Foundation will verify the X-Node holders status and identity by cross referencing with the VeChain Foundation’s own database. Please note, each purchasing address for the VeChain Community Round must correspond to a distinct VeVID upon VeChainThor MainNet launch.

The VeChain Community Round purchasing limits are as follows:

VeChain X-Node holders: Minimum 150,000 VET — Maximum 5,000,000 VET (Per KYC/VeVID)

Economic Nodes and other VET holders: Minimum 30,000 VET — Maximum 5,000,000 VET (Per KYC/VeVID)

In the event that whitelisted VeChain Community Sale participants request to provide funds in total that eclipses the predetermined $8,400,000, VeChain Community Round participants will be able to continuously pull from the Public Round pool until the completion of the token sale.

Authority and Mjolnir X members that receive a discount will participate in a required PLA token lockup program, with 25% of their tokens released a few days after token minting and 25% released every quarter thereafter.

There is no lock up for Thunder X, Strength X, Economic Node and other VET holders.

Public Round

The Public Round will begin as soon as the VeChain Community Round concludes. The Public Round will only accept VET tokens. There will be no discounts offered during the Public Round.

There is no lockup for the public round.

KYC is required for the Public Round. The KYC process will begin on Friday, June 1.

The Public Round purchasing limits are as follows:

All participants: Minimum 10,000 VET — Maximum 100,000 VET (Per KYC)

VeChain MainNet Launch Round

Plair Foundation will hold a special VeChain MainNet launch raise with more details announced around the time when VeChain launches its MainNet.

Token Structure

The maximum supply of 100 billion tokens will be created.

Total Token Offering

27.5% of the tokens are available for offering or 27,500,000,000 PLA.

25% of the total token supply will be sold in the initial crowdsale for $30M USD.

2.5% of the total token supply will be sold in a special VeChain MainNet launch raise for a total of 27.5% of total token supply sold.

Community and Media

15% of the token supply will be used to reward our most dedicated community members for various contributions to the project.

Advisors and Partners

15% of the token supply is to be used as incentives alignment mechanism for strategic partners, influencers and advisors.

Enterprise and Title Partners

20% of the token supply will be used for enterprise and title partners that we sign onto to the Plair Platform. These partnerships will help to accelerate the Plair Platform forward.

Team and Founders

10% of the token supply is reserved for the core contributors. These tokens will be distributed based on a merit system and at the discretion of the foundation. The lockup period of these tokens will be 24 months.

Reserve for Development

12.5% of the token supply will be reserved for future development of the Plair Platform.