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Brand Tokens - summary of information on the ICO

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Tokeneo
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3 min reading

The Brand Tokens ICO has been completed. Although the collected amount is lower than expected, the authors of the project ensure that they will try to use it as efficiently as possible.

The most important information:

  • 33,400,000 BRND tokens were sold in the ICO of the Brand Tokens project. A total of $ 50,100 was raised in it
  • Tokens that were not sold in preICO and ICO were burned - it was 408,844,000 BRND, or about 40.8% of the total supply
  • The Brand Tokens team is in the process of developing a WooCommerce plugin for online stores.

The Brand Tokens ICO has been completed

After 6 months, both the ICO of the project and the monthly contest for voting for favorite brands were completed. 33,400,000 BRND tokens were sold in the fundraiser, which allowed to collect the amount of USD 50,100. Although this sum is lower than initially assumed, the creators of Brand Tokens ensured that they would try to use these funds as effectively as possible.

The remaining tokens not sold in the ICO and preICO were burned - it was 40.8% of their total supply.

Project development and plans

The team behind Brand Tokens is currently developing the WooCoommerce plugin for online stores, which will enable the issuance of own brand tokens in the ERC-20 standard, running wallets on your own website, as well as selling tokens in your own store as a regular product and accepting payments in such form.

The plug-in is planned to be launched in January 2021, what is more, it will coincide with the listing of BRND tokens on the exchange. As emphasized by the creators of Brand Tokens, WooCoommerce is to play the role of MVP, i.e. it will be the first version of the product with sufficient functionality to meet the needs of potential customers.

To use WooCoommerce for free, you need to wager 1,000,000 BRND tokens.

Airdrop for bounty users

The airdrop tokens are distributed to users participating in the bounty program on 5-7 December. The developers decided to distribute only 991,812 BRND tokens.

Check if you are eligible to receive airdrop here.

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