Token Sales - Round 1
Round 1 public sale constituted the sale of 80,000,000 HGT in 5 tranches. The price of HGT was set in ETH as of 04:00 UTC 18 August 2017. Whilst HGT was fixed in price, each tranche subsequent to the first had a reduced level of bonus tokens as shown in the table below:
|Tranche||HGT Offered||HGT per ETH||Tranche Funds (ETH)||Cumulative Funds (ETH)|
|1||16,000,000||10,407 + 20%||1,281||1,281|
|2||16,000,000||10,407 + 15%||1,337||2,618|
|3||16,000,000||10,407 + 10%||1,398||4,016|
|4||16,000,000||10,407 + 5%||1,464||5,480|
Round 1 Token Sale Summary
Min Cap: 3,333 ETH (Reached) Amount Raised: 17,149 ETH
7500 ETH - Strategic Supporters
5908 ETH - Public Sale
3741 ETH - ICOage Token Resale
Public Sale Supporters
Token Resale Supporters
ICOage Token Resale
On 4 September 2017, the People’s Bank of China announced an immediate ban on all token sales including previously completed token sales, with Chinese organisations liable to return all funds raised to supporters (http://www.pbc.gov.cn/english/130721/3377816/index.html).
Following the announcement, we decided to support ICOage’s efforts to refund all their customers who participated in ICOage’s token pre-sale.
HGF resold the HGT originally pre-sold via ICOage to:
● Secure as broad a support base as possible for HGF
● Ensure a successful roll out of HelloGold’s roadmap
We believe that this course of action is beneficial to all our supporters. Our token cap of 540 million HGT for sale in Round 1 remained unchanged.