TOKEN SALE AGREEMENT/TERMS AND CONDITIONS

Subject to change without notice, still under legal review

Token offering

The Ocular token offering is privately sold, and the corresponding token issuing process will be on the 1st of july 2018. This is organized around smart contracts running on Ethereum, with participants who are willing to assist in the development of the Ocular project. The project has market cap of 27,000 ETH. Rates locked on BTC/ETH at end of private sale.

OKYC token

Ocular’s tokens are called OKYC, they are deployed on the Ethereum network, which is widely adopted for cryptocurrency solutions. The token is fully ERC223/ERC20 compliant, so it can easily be implemented into other services, wallets, hardware etc.

Ticker
Token Issuer
Jurisdiction of Issuance
OKYC total supply
Hard Cap
Fundraising goal
Token price
‍

‍Private sale

Foundation/reserve

Team

Advisor and strategic partners

Bounty/fees/community

OKYC
Ocular Global LLC
St Kitts & Nevis
600mm
30,000 ETH
27,000 ETH
1 OKYC = .000125 ETH (1 ETH = 8000 OKYC)

40% of token supply (of which 60% at release, 10% per month after for 4 months)
30% of token supply (released 5x 6months cliffs)
15% of token supply (released 5x 6months cliffs)
10% of token supply (released 5x 3months cliffs)
5% of token supply

Distribution of funds

A total of 25% of minted tokens will be held in a growth fund to be used to incentivize users to participate in the OKYC ecosystem, to reward early adopters and fund the integration of the Ocular platform with strategic partners.

Ocular proceeds are distributed in the following manner:

Team
Operating expenses‍

25%
75%

Operating expenses are distributed in the following manner:

Software development
Marketing & free integration/usage
Reserves
Advocacy and Evangelism
Operations
Launch Expenses

25%
25%
10%
15%
20%
5%