Token/Coin ID: PRG
Business Category: Platform
Launch Date: 2017-09-15 – End Date: 2017-10-15
|Paragon Coin Market Cap|
About Paragon Coin
Token Crowdsale Project Details
Total token supply: 200,000,000
100,000,000 token for Stage 1 Token Crowdsale 50%
The initial token price will be set at $1 when it goes on sale on September 15. During the first 5 hours of the Token Crowdsale we will offer an early bird 5% discount, price will remain at $1 for the remaining of the first 24 hours and will increase $0.05 each 24 hours for 30 days or until all tokens sold.
50,000,000 tokens reserved for Stage 2 Token Crowdsale 25%
Stage 2 will happen no sooner than 2021, and all tokens will be sold at market price, not at a fixed $1 USD value.
The remaining 50,000,000 PRG will be held in reserve as follows (important note: all percentage below will be adjusted in accordance with actual amount raised, e.g. if we sell 70M of 100M tokens, the following numbers will be multiplied by 0.7):
Paragon Reserve Fund 40,000,000 PRG
Community Controlled Reserve 10,000,000 PRG
The Paragon Reserve Fund operates as part of our business model, ensuring a stable token with a bright future. It is in our best interests to ensure that the PRG purchasing power grows over time and market manipulation is avoided.
FOUNDERS – 10MM**
TEAM – 5.7MM**
INSTITUTIONAL INVESTORS – 2MM
RESERVED FOR INSTITUTIONAL INVESTORS – 3.8MM
FRIENDS AND FAMILY INVESTORS – 5MM**
BOUNTY – 350K
ADVISORS – 1.95MM**
STAGE 1 PRESALE – 5MM
STAGE 2 PRESALE – 10MM
STAGE 3 PRESALE – 25MM
EARLY INVESTORS – 1.2MM
** – Prohibited from liquidating PRG at a rate of more than 20% of their position within the first calendar year
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