Token Exchange Campaign INFO — SKELPY

Skelpy Token Exchange Campaign

STARTS ON March 23rd 2019

On the basis of the number of bitcoins collected, it will be determined the starting price in bitcoin for the Skelpy cryptocurrency. After this operation will be issued all the Skelpy (SKP) to the participants at the TEC.

Tokens for TEC: 2.000.000 SKP

Supporting with Altcoins

Accepted tokens are: BTC, ETH, LISK, ARK. For those partecipants supporting with Altcoins rather than BTC, the value of the tokens used will be determined during the TEC period. The value will be calculated by picking the value of each Altcoin at the moment of the donation.

Hard Cap

A funding ceiling of 2,000 BTC has been established. This is to ensure that those who sent BTC receive a certain amount of Skelpy after the end of the TEC. If the 2,000 BTC limit is reached, the TEC will be closed and the SKP tokens get distributed to the participants.

Price per Skelpy

The price of the Skelpy token will depend upon the amount raised during the TEC. The price will be determined based on this calculation:

Scenario: Skelpy received 250 BTC and the calculated BTC value of alternative currencies received is 50 BTC at the end of the TEC.

Total BTC value received = 250 BTC + 50 BTC = 300 BTC.

Skelpy Price = 300 BTC / 2,000,000 SKP = 0.00015 BTC

DISTRIBUTION CALCULATIONS

Scenario: Skelpy received 250 BTC and the calculated BTC value of alternative currencies received is 50 BTC at the end of the TEC.

On March 23rd John sent 5 BTC

Total BTC value received = 250 BTC + 50 BTC = 300 BTC.

John’s Percentage of TEC distribution is:

[5 BTC / 300 BTC] = 0.0166666

John’s final distribution is:

0.0166666 * 2,000,000 SKP = 33,333 SKP

Notes:

If John sent different cryptocurrencies (ETH, LISK, ARK) the value will be immediately converted to the correlating BTC value for the calculation. John sent 5 BTC and 10 ETH:

Value of ETH at moment of transaction was: 0.05731 BTC

John’s total contribution in BTC is 5.05731 BTC.

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