JIBBIT Token Sale

Agustus 13, 2018

Jibbit token sale

Through your participation in our Jibbit token (JIB) sale, you have the opportunity to support Jibbit and to help revolutionize the cannabis market worldwide, as well as promote its legalization. We are convinced that the very complex and opaque cannabis market should be modernized by the use of blockchain technology. The associated anonymity, transparency and security are intended to improve this area and to strengthen the trust of the participants. This will also improve the world’s poor image of cannabis. With nearly 200m people, the cannabis community is one of the largest in the world.

Our Jibbit token (JIB) builds on the Ethereum network and will comply with the ERC-20 standard and it plays the central role in the Jibbit network.

The token sale will take place on www.jibbit.io and is expected to start on June 1st 2018. It will end either on reaching the hard cap* limit of approximately 18 million USD or at the latest on August 31st, 2018.

The in-house calculations have resulted in a minimum financing target of a soft cap of 1 million USD. The realization of the project is not possible under this amount. Unsold tokens from the private and the presale go into the main sale. All unsold tokens will be burned.

* The hard cap sum cannot be determined at the moment, as our token sale consists of 4 main sale phases, as well as a private sale and pre-sale with different discounts (see Discount table P. 20). However, the actual sales volume of Jibbit tokens (JIB) in the individual sale phases may vary. As an example: Unsold Jibbit Token (JIB) in the main sale phase 1 will go into the main sale phase 2.

How to buy Jibbit token

There are several ways to buy Jibbit tokens through cryptocurrency, for example Bitcoin, Ethereum, Litecoin, as well as via bank credit transfer or Sofortüberweisung (SOFORT). The exact procedures on how to purchase JIBs is available on our website (https://www.jibbit.io) and also on our social media channels. Jibbit may adjust the procedure and payment channels during the sale if required, so please always check for the latest updates on our Website.

A total of 420 million Jibbit tokens are available for sale. The number of tokens consists of the individual sale phases: private sale, pre sale and main sale together. Unsold Jibbit tokens (JIB) are burned after the end of token sale.

We are giving our community the opportunity to purchase Jibbit tokens at a reduced discount. The following table shows the discounts and the time periods for the implementation.