AVXChange is about to launch the Phase 2 of its ongoing Token Presale. Phase 2 of Presale will begin on April 20, 2019, 08:00 (UTC+8). Phase 2 reduces minimum purchase to 1 ETH.
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.
AVXChange has launched first phase of its token presale last March 25, 2019, 08:00 (UTC+8) which ended on April 19, 2019. During the first phase, each contributor was allowed to purchase a minimum of 36 ETH (4,800,000 AVX Tokens) worth of AVX Tokens at 150,000 ETH market cap. During the first phase of its token sale, AVXChange has sold 144,000,000 AVX Tokens, each token valued at 0.0000075 ETH. AVXChange was able to raise a total of 1080 ETH.
For the second phase, the remaining 856,000,000 AVX Tokens is sold at 0.00001125 ETH and the minimum purchase is reduced to 1 ETH (133,333.333333333 AVX Tokens). The total AVX Tokens have an increased market cap of 225,000 ETH, still 40% lower than planned ICO price. Second phase of AVXChange presale will end once the 856,000,000 AVX Tokens have been sold. By the time the second phase ends, a total of 9,360 ETH shall be raised, giving a new total amount of ETH to raise of 10,710 ETH.
The total funds raised from these token sales will be used to advance and finalize the development of the AVXChange platform, to push through its marketing campaign, and for legal.
ICO is set to launch on the 3rd quarter of 2019 to coincide with official client application release. Because these presale tokens are ERC20, most existing ETH wallets will accommodate these tokens.
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.
For more information, please visit our website https://avxchange.io/ and message us at firstname.lastname@example.org.