Everything You Need To Know Following The DAV Token Sale
Following The DAV Transportation Network Token Sale - Everything you need to know
We’re grateful for the success we were able to achieve during our token sale. During our token sale, we successfully raised 40,726 ETH! Thank you to our amazing community for all your ongoing support. Please note, this “Everything you need to know” is meant to be a helpful quick summary only. The most up to date Terms and Conditions of the token sale are here. You can also see the marked copy of those most recent June updates here. Please check back for notices for any updates to the Terms and Conditions.
Expected Use Of Funds
45% - Research and Development
15% - Marketing and Business Development
20% - Expansion & Operations
10% - General & Administrative
10% - Legal & Compliance
- 40% of the total number of DAV tokens will be allocated to contributors during the token sale (both presale and public sale).
- 25% of the total number of DAV tokens will be allocated to DAV Foundation to be used for community grants, partnerships and bounties.
- 20% of the total number of DAV tokens will be allocated to DAV Foundation to be used for future development of the “internet of transportation”, and as a reserve for the company.
- 15% of the total number of DAV tokens will be allocated to the team and members of the advisory board.
- All team tokens are locked and gradually released over a 15 month period (linear quarterly cliffs).
- All reserve tokens are locked and gradually released over a 60 month period (linear yearly cliffs).
- At least 95% of presale bonuses are locked for periods of 6 to 12 months.
Receiving / Transferring DAV Tokens
Tokens purchased at the main token sale were sent immediately via smart contract to the contributors whitelisted wallet address.
To add DAV as Custom Token within your ERC20 compatible wallet:
- 1Click ‘Add Custom Token’
- 2Enter the Token information below:
Token address: 0xd82Df0ABD3f51425Eb15ef7580fDA55727875f14
Token name: DAV
We are deeply grateful to each and every one of you for your support and for sharing the DAV vision with us. As members of the DAV community, you have a leading role in DAV’s development and future. We at the DAV Foundation know that decentralized open-source projects thrive and grow through community contribution and it is only with a strong community can the DAV vision become a reality. We are encouraged by what the future promises and very much look forward to the journey ahead!