Cofound.it is a distributed global platform that connects exceptional startups, experts and investors worldwide. It will first be built by the blockchain community for the blockchain community — and then for the whole world.
20% of the tokens to reward current and future team members, advisers and experts
10% of Cofound.it tokens will be owned by ICONOMI
20% of the tokens will be used to purchase the assets of Cashila
25% of the initial token distribution as a reserve for future partnerships or acquisitions
The final 25% of Cofound.it tokens will be sold via crowdsale, starting on June 7th at 11 AM EST / 17 PM CET
The success threshold will be set at $1M, core goal at $2.5M (soft cap) and core goal+all stretch goals achieved at $12.5M (hard cap).
All amounts will be in ETH and calculated a day before the crowdsale starts.
In order to register and be active on the platform, experts and service providers must hold a certain amount of CFI tokens. And then, when applying to perform a task a certain amount of tokens will be put in escrow until the task has been performed, in order to guarantee the delivery and completion of this task. These actions include:
- Evaluators and project evaluation
- Specific task contribution, like video production, design or content creation
- Promotion and expert assistance
- Domain experts and expert assistance
- Team project management and coordination