Token Contribution Event Key Information

Transcription

1 Token Contribution Event Key Information

2 Disclaimer This is a reference document describing our proposed CyberMiles tokens contribution event ( Token Contribution Event ). It may be amended or replaced at any time. Readers are notified as follows: Not available to all persons: the CyberMiles platform and CyberMiles tokens are not available to all persons. Participation may be subject to a range of steps, including the need to provide certain information and documents. Persons domiciled in certain jurisdictions, or who are designated persons on any United Nations sanctions list, may be excluded in order to comply with applicable laws. No offer of regulated products in any jurisdiction: CyberMiles tokens (as described in this document) are not intended to constitute securities or any other regulated product in any jurisdiction. This document does not constitute a prospectus nor offer document of any sort and is not intended to constitute an offer or solicitation of securities or any regulated product in any jurisdiction. This document has not been reviewed by any regulatory authority in any jurisdiction. No advice: this document does not constitute advice in relation to whether you should participate in the CyberMiles platform or buy any CyberMiles tokens. No representations or warranties: No representations or warranties are made as to the accuracy or completeness of the information, statements, opinions or other matters described in this document or otherwise communicated in connection with the project. Without limitation, no representation or warranty is given as to the achievement or reasonableness of any forward-looking or conceptual statements. Nothing in this document is or should be relied upon as a promise or representation as to the future. To the fullest extent permitted under applicable law, all liability for any loss or damage whatsoever (whether foreseeable or not) arising from or in connection with any person acting on this document, or any aspect of it, notwithstanding any negligence, default or lack of care, is disclaimed. To the extent liability may be restricted but not fully disclaimed, it is restricted to the maximum extent permitted by applicable law. English version prevails: this document is provided in an official English version only. Any translation is for reference purposes only and is not certified by any person. If there is any inconsistency between a translation and the English version of this document, the English version prevails. In the event of inconsistency between this document and the CyberMiles token sale terms and conditions, the latter prevails. You must take all necessary professional advice, including in relation to tax and accounting treatment. We hope the CyberMiles project will be highly successful. However, success is not guaranteed and digital assets and platforms involve risk. You must assess the risks and your ability to bear them.

3 Token Contribution Event: Nov 21 st Dec 5 th 2017 Total CyberMiles Tokens ( CMT ) for sale: 700,000,000 CMT Pre-sale Tokens: 250,000,000 CMT Public Token Contribution Event: 450,000,000 CMT Final dates will be announced on our website As at the completion of the Token Contribution Event, there will be a total of 1 billion CMT issued. If not all tokens are sold, they will be kept in reserve by the Foundation. CMT Pricing for Token Contribution Event Reference pricing for Token Sale: 1 ETH = 7,000 CMT The official token wallet address will be provided only on cm.5miles.com

4 Token Contribution Event Caps Token Contribution Event Schedule Hard-cap: 700,000,000 CMT Private Pre-Sale Commitments: 9/23 10/23 Private Pre-sale cap of 250,000,000 CMT Private Pre-sale paid only in BTC Minimum commitment of 20 BTC Maximum commitment of 200 BTC Contact if you have questions Soft-cap: 200,000,000 CMT Token Contribution Event: 11/21 12/5 Token Contribution Event only conducted in ETH Minimum purchase of 0.2 ETH Register at cm.5miles.com/register Hard-cap: Token Contribution Event will end once the Hardcap amount has been achieved Soft-cap: Contributions will be returned if the Soft-cap amount is not met as of the close of Token Contribution Event CMT will be issued as an Ethereum ERC-20 Token Once proceeds are collected and recorded on respective Bitcoin and Ethereum addresses, these funds are moved to an undisclosed number of cold wallets on respective blockchains

5 Proposed use of proceeds - Description Token Contribution Event: Use of Proceeds Establishment Costs Costs related to setting up the CyberMiles Foundation, a notfor-profit organization CyberMiles Development Costs To fund the initial development expenses related to CyberMiles blockchain protocol and applications 5miles Platform Expansion To contribute towards the expansion of 5miles, the first ecosystem to adopt & integrate with CyberMiles and CMT To be structured through commercial agreement between the CyberMiles Foundation and 5miles Partners & Advisors Costs related to initial partners & advisors to CyberMiles Working Capital & Reserve Foundation s capital reserve to fund potential CMT listing & other uses Allocation of Funds: Use of Proceeds 10% 10% 5% 45% 25% 5%

6 Proposed CMT Allocations Allocation of CMT to be Issued Initial CMT offering CyberMiles Team & Partners Pre- Allocation Vesting Period 700 million n.a. Release Mechanism 100 million 2.5 years 10% per quarter 5miles 100 million 2.5 years 10% per quarter CMT Reserve (for end-users) 100 million CMT Tokens in reserve to be managed by Foundation and distributed to end-users to jumpstart use of the CyberMiles applications & ecosystem participation CMT distributed will spur adoption of various CyberMiles processes and applications (such as voting on dispute resolution, setting up CyberMiles wallets, etc.) and completion of Smart Contracts. CMT Reserve (for end-users) Total CMT at ICO close 100 million n.a. At Foundation s discretion 1.0 billion 5miles, Team, and Partners 200 million tokens proposed to be allocated to 5miles and other initial partners, in consideration for their role in establishing the CyberMiles platform and developing the initial ecosystem for CMT 5miles allocation to be part of commercial agreement between Foundation & 5miles, for integrating CyberMiles with 5miles 10+ million users

7 Expected Timeline Time Series Post-Token Sale by Allocation Dec. 2017: v.0.1 of smart contract modules expected to be launched Jun. 2018: 5miles begins to integrate CMT to facilitate multiple marketplace applications Dec. 2018: v.1.0 of CyberMiles modules expected to be launched Mar. 2019: CyberMiles expected to be available for use on other platforms Event CyberMiles transactions and Smart Contracts will be validated using D-PoS protocol. Newlyminted tokens released by this system will be targeted for 8% per year for the first 10 years. After the first 10 years, the Foundation will set a new target inflation schedule, but the cap on total tokens that can be issued will be 10 billion CMT. Note: 5miles and CyberMiles tokens are shown based on full-vesting of the initial allocation

8 cm.5miles.com