The DataBlockChain Tokenized System
DataBlockChain democratizes the data marketplace through its tokenized system and thus allows for small and medium sizes businesses to access reliable data that they can use to grow their business.
DataBlockChain is a revolutionary platform designed to allow for businesses to access highly curated and reliable data. The need for expensive middlemen has been completely eliminated thanks to DataBlockChain. DataBlockChain’s system makes it easy and intuitive to access the type of data that businesses need today by allowing for them to select how much and what type of data they want. DataBlockChain will allow for all of these various data transactions to occur on its platform via its use of the DBCC token.
The DBC ICO
The DBCC token used on DataBlockChain’s platform will be sold via the DBC ICO. The DBC ICO will take place in three phases. The first part of the DBC ICO will take place from 04/16 to 05/27 and is considered the Private Pre-Sale phase. The second part of the DBC ICO will take place from 05/27 to 06/21 and is deemed the Presale phase. The last part of the data blockchain ICO is the Main Sale phase that takes place from 06/27 to 07/21.
The DBC ICO
870 million total DBCC tokens will be created. 100 million DBCC tokens will be allocated for the private sale phase. The Pre-Sale phase will account for 164.58 million DBCC tokens being sold with the Main Sale phase account for up to 257.42 million DBCC tokens being sold. In total, up to 60% of the DBCC token supply will be sold during the sale phases. Team and advisor allocation is set at 221.1 million DBCC tokens. The DBC ICO also allocated 10 million tokens for its Bounty Campaign program with another 10 million being allocated for an Air Drop and Marketing campaign. Lastly, there is 106.9 million DBCC tokens being allocated for Exchanges and Reserves. The below chart outlines the aforementioned information:
- • Team Members will be on a 12 month vesting schedule with 25% released quarterly
- • The DBC ICO Soft Cap is $10 Million USD while the Hard Cap is set at $50 million USD
- •All unsold DBCC tokens will be burned
Use Of Funds
The funds raised from the Data Blockchain ICO will be allocated for the development of the app and DBCC token as well as for ongoing expenses that required for the project. 75% of the funds from the data Blockchain ICO will be spent on various equipment, development, data acquisition and marketing for the project. The remaining funds will be allocated for wages, offices, and legal and consulting services. The allocation chart below breaks this allocation down more in-depth:
Overall, DataBlockChain will democratize and revolutionize the data industry as whole today via its platform and tokenized system. With over 1 billion records on over 300 million consumers and 16 million businesses already in place, DataBlockChain stands to change the data industry in a highly disruptive way.