We are thrilled to announce that our public offering event will be held on January 12th, 2022 at 17:00 UTC through January 18th, 2022 at 17:00 UTC on Republic. Users can visit the landing page, but you need to sign up and log in to check the complete details on the campaign page.
Congrats to all the whitelisted community members🎉. You will have 48 hours early access priority for the upcoming public offering event — allocation on a First Come First Serve basis. Eligible users will receive an email notice from Republic ahead of the standard timeline of the public offering event. Please do make sure you’ve completed the KYC process on Republic before the event kick-off. Participants who plan to contribute more than $3000 need to complete KYC on Bitpay as well. Non-whitelisted users are still welcome to participate in the event within the standard timeline if the targeted raise amount is not met during the first 48 hours of the whitelisted period.
Payments are only accepted in crypto (ETH, USDC), processing through Bitpay on Republic. During the first 48 hours of the whitelisted period, the minimum purchase amount is $500 and the maximum purchase amount is $2,000. Afterwards, the minimum purchase amount is $500 and the maximum purchase amount is $25,000 during the standard timeline of the offering period.
Key factors for the offering events:
ParaState has raised $11.8 million through three previous rounds with a total of 268,800,000 STATE tokens distributed. We are going to allocate 5% of the total supply for the upcoming public round in three different lockup terms:
1-month lockup, 2% of total supply, 20,000,000 STATE tokens, price per token $0.195;
3-month lockup, 2% of total supply, 20,000,000 STATE tokens, price per token $0.155;
6-month lockup, 1% of total supply, 10,000,000 STATE tokens, price per token $0.12.
The target is to raise $8.2 million in total through the public offering event. Tokens not sold after the event will be distributed to the Eco Treasury vault, powering the ParaState ecosystem in the long run. Detailed tokenomics can be referred to at Token Economics on the official ParaState site.
We look forward to your support and, in the year 2022, wish you an abundance of happiness, prosperity, good health and good luck!
Known as Ethereum on steroids, ParaState is a multi-chain smart contract platform bridging the application and developer ecosystem between Polkadot, Substrate and Ethereum, as well as other chains wanting to provide Ethereum compatibility. While supporting the EVM pallet to provide seamless compatibility with all existing Ethereum applications, ParaState also provides developers with a next-gen smart contract implementation environment, Ethereum-flavored WebAssembly. These two infrastructures are ensured to talk to each other and share the same account system on ParaState.
This notice should not be construed as an offering of securities or as investment advice or any recommendation as to an investment or other strategy by Republic Core LLC (“Republic Core”) or Republic Crypto LLC d/b/a Republic Advisory Services (“Republic Advisory Services”) or any of their affiliates. Neither Republic Core nor Republic Advisory Services nor any of their affiliates has independently verified any of the information provided or made any assurances as to the completeness, accuracy or reliability of any such information provided by ParaState Foundation Ltd. This web page may contain external links to third-party content (content hosted on sites unaffiliated with Republic Core or Republic Advisory Services), and neither Republic Core nor Republic Advisory Services nor any of their affiliates make any representations whatsoever regarding any third-party content/sites that may be accessible directly or indirectly from this post. Linking to any such third-party sites in no way implies or constitutes an endorsement or affiliation of any kind between Republic Core or Republic Advisory Services (or any of its affiliates) and any third-party. Republic Core and Republic Advisory Services are subsidiaries within a family of companies owned by OpenDeal Inc. (together sometimes referred to as "Republic"). Republic and its affiliates do not provide tax, accounting or legal advice — all recipients are advised to consult with their own advisers.