Faba tokens is capped at 160m after which no other tokens can be minted. Faba will be holding different stages if STO with price variations of faba token at each stage. At the first stage, which is the private sale and 1st STO round, each faba token will cost $1 with a 40 to 10% bonus to participants at different time intervals. After the private investment round and 1st STO, 2nd round will commence with each faba token valued at $1.3 with bonus ranging from 20-10% at different intervals respectively. Because faba is scheduled to exit an invested project after 8yrs, this is scheduled for 2023-2027. During the STO period, Faba aims to sell 80m faba tokens with a hard cap of $67.5m and soft cap of $4m. There is also a min investment cap for individuals. This is tagged at $200 in the first round and $1300 in the second round. The STO exercise is still on you can be a part of this venture capital and share in its success story by investing in the token sale event. 76.8m faba tokens are allocated for the project team while 3.2m is for the mentor team.
Use of raised funds
Funds raised during the STO will be used as follows: 60.95m will be used for investment in prospective viable startups, 4
Congratulations @brezz! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPTo support your work, I also upvoted your post!
Vote for @Steemitboard as a witness to get one more award and increased upvotes!
Congratulations @brezz! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!