2016/11/07 1:00 PM
ARK, a company working to provide real-world blockchain use cases, has launched a token sale today, November 7, which the team calls the “Token Exchange Campaign” (TEC).
Disclaimer: This article is sponsored by Bitcoin PR Buzz.
The campaign will last 34 days, ending on December 11. During the TEC, the ARK team hopes to sell 93,750,000 tokens, 75 percent of the total 125 million token supply.
According to a press release, the other 25 percent will be retained by developers to pay team members, fund the ARK Shield project, and to fund bounties. Additionally, 1 percent of the funds held by developers will be kept in escrow.
TEC participants can purchase tokens with bitcoin, Lisk (LSK), and any altcoin supported by ShapeShift. The team has also organized a bonus structure for the TEC, which they call “aggressive” and is aimed heavily towards Lisk users.
For those purchasing tokens with Lisk, the ARK team is offering a…