AVXChange, a custom, incentive based, Peer to Peer (P2P) file sharing platform is pleased to announce its token pre-sale. Pre-Sale begins March 25, 2019, 08:00 (UTC+8).
AVXChange offers 5%, 1,000,000,000 AVX (ERC20), of its total 20,000,000,000 AVX Token (AVX) supply to a private party or general public via presale. The company is planning to raise 7,500 ETH, wherein, 5,100 ETH will be used to advance and finalize the development of its platform, 2,000 ETH for its marketing campaign, and the remaining 400 ETH for legal. The AVX Token pre-sale will start on Monday, March 25, 2019 until all tokens are sold. ICO is set to launch on the 3rd quarter of 2019 to coincide with official client application release. Because these pre-sale tokens are ERC20, most existing ETH wallets will accommodate these tokens.
The pre-sale may have two phases. During the first phase, each contributor may purchase a minimum of 36 ETH worth of AVX Tokens at 150,000 ETH market cap. Each token will be valued at 0.0000075 ETH and 36 ETH is equivalent to 4,800,000 AVX. This AVX Token pre-sale price is 60% lower than planned ICO price. If all of the 1,000,000,000 AVX, have not been sold by April 19, 2019, 13:00 (UTC+8), a second phase of the pre-sale will begin on April 20, 2019, 04:20 (UTC+8). For the second phase, the total AVX Tokens will have an increased market cap of 225,000 ETH, still 40% lower than planned ICO price. In this second phase each AVX Token will then be valued at 0.00001125 ETH. During the second phase the minimum purchase is reduced to 1 ETH equivalent to 88888.88888888889 AVX. If there is a second phase, it will end once the 1,000,000,000 AVX Tokens have been sold.
AVXChange will be powered by its own token running on its own proprietary network and blockchain. The AVXChange technology was engineered to address a need in the market to convert uncompensated P2P media file downloads into compensated media downloads by incentivizing P2P file sharing participants to purchase their files. AVXChange file sharing participants are incentivized to compensate Intellectual Property (IP) owners by allowing those sharing the files to profit from their involvement in the distribution network, economically compensating them for the usage of their bandwidth, processing, and storage resources.
As opposed to other typical ICOs, AVXChange had already started its platform development last year and self-funded the entire operations before its token sale with the goal of offering its potential investors with a working product during token sale instead of just selling pure concept. AVXChange is scheduled to release their beta application early next month.
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