How was the ICO structured?

With a final score of 7,4 BLOCKv still holds a top position in our list of reviews. The goal was the collection of 40 million US-Dollar through an ICO. An ambitious plan considering the tense situation after the big ICO-boom of the summer.

The planned sequence of the ICO was:

Pre-Sale from September 18th to October 12th.

Public Crowdsale from the 12th to the 16th of October

The following VEE token distribution was proposed:

35% for sale in pre-sale and public crowdsale

25% for BLOCKv team members, early investors and advisors

25% as a Promotionpool for projects based on BLOCKv technology

15% for innovations and the BLOCKv ecosystem

The individual token allocations are subject to different vesting periods and cannot be transferred immediately.

What does the Smart Contract say?

Like any analysis this one starts with a look at the source code of the BLOCKv-Smart Contract. In it the VEE tokens are distributed to different pots according to the pattern described above. In the contract these are listed as PoolA, PoolB, PoolC and PoolD. In this article we will mostly deal with PoolA, in which the distribution of tokens and bonus-tokens.

BLOCKv have used a four-stage model in their ICO, which we will further elaborate on in the course of the article:

Public ICO: 14458,25861 VEE per ETH Discount 10%: 16064,73179 VEE per ETH Discount 20%: 18072,82326 VEE per ETH Discount 22%: 18296,24509 VEE per ETH

Which discount groups will receive further VEE tokens from the vesting pools can’t be determined based on the Smart Contract. At the date of publishing this article we have not received an answer to this questions from BLOCKv.

The most important information on these three vesting pools we compiled in a short overview.