Dear Community Members, Republic has informed us of changes to the public offering event timeline as below:
The final public offering period is January 10th, 2021 at 11:00 pm UTC through January 19th, 2022 at 7:59 am UTC (the “Offering Period”). And the first 36 hours are the whitelisted period. Eligible whitelisted users will receive an email notice from Republic ahead of the standard timeline of the public offering event. The complete details are on the campaign page which will be live at the beginning of the subject timeline.
Whitelisted members will have 36 hours early access priority for the upcoming public offering event — allocation on a First Come First Serve basis. Non-whitelisted members are still welcome to participate in the event within the standard timeline if the targeted raise amount is not met during the first 36 hours of the whitelisted period. 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. For FAQs about the Bitpay investment flow, please refer to the guidelines on Republic.
Payments are only accepted in crypto (ETH, USDC), processing through Bitpay on Republic. During the first 36 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.
The ERC20 wallet address participants use to invest on Republic will be the final address you need to claim mainnet STATE token through an automated contract afterwards. So please, DO NOT use an exchange wallet to transfer investment funds.
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 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.