ENTRP is an ERC20 token on the Ethereum blockchain. The sale and release of all tokens was managed by a smart contract, whose code was released and verified publicly on the Etherscan website (not operated by the Hut34 team).
Participants were also able to forward selected crpyto-currencies to the Hut34 team in order to be able to participate; all recipients of ENTRP are required to provide a valid Ethereum address in order to take possession of their ENTRP.
The Hut34 team prepared and released various materials to document and support the process of participation and delivery of your ENTRP.
ENTRP was sold at the following prices during the Token Sale. All times are UTC, the year was 2017.
|Round||Period||Tokens per ETH||ETH price per ENTRP|
|1||Day 1 : November 2nd 00:00 - 23:59||750||0.00133|
|2||Week 1 : November 3rd 00:00 - November 8th 23:59||652||0.00153|
|3||Week 2 : November 9th 00:00 - November 15th 23:59||588||0.00170|
|4||Week 3 : November 16th 00:00 - November 22nd 23:59||545||0.00183|
|5||Week 4 : November 23rd 00:00 - November 29th 23:59||517||0.00193|
|6||Week 5 : November 30th 00:00 - December 6th 23:59||500||0.002|
Hut34 released up to 30% of the available ENTRP (Entropy tokens) to sale participants.
12,500,000 tokens have been made available to pre-sale participants of a value > 150 ETH - contact us to get a call back from our concierge team if you are interested in this aspect.
The maximum cap for this Token Sale is 60,000 ETH, or approximately $18m USD. Our stepped pricing policy below, however, reduces this cap as a function of participation in early pricing rounds.
Finally, please note that the only place we display smart contract addresses, and other payment information is on this website - https://hut34.io. Any direct message, email or other connection claiming to offer other payment options is likely a scam. Please be careful out there.
100 Million Entropy tokens have been generated in total, to be distributed as follows:
1. A maximum of 30% to Token Sale participants.
If all available tokens are not sold, excess ENTRP tokens will be transferred to the Entropy Foundation for purposes described in 2 below.
2. A minimum of 50% will retained by the Entropy Foundation for:
* platform partnerships, developer incentivisation programs,
* Entropy token management initiatives,
* employee expansion and future development,
* Token Sale related expenses.
3. 20% will be allocated to the Entropy Foundation team members and advisors, which will be subject to a two year vesting schedule with a 6 month cliff. This means we will mature one-quarter of our tokens every 6 months.
Token issuance will occur following the completion of the Token Sale process.