Persistent rumors on Polkadot channels and teams and a sequence of varieties and NDAs to “construct with Polkadot” counsel that the challenge might
Persistent rumors on Polkadot channels and teams and a sequence of varieties and NDAs to “construct with Polkadot” counsel that the challenge might quickly run a brand new token sale for its token, the DOT.
The purported dashboard of the upcoming sale is situated on the polkadot.community web site below the “/get/” path. As of press time, the web page continues to be below development.
Potential “builders” can signal as much as construct by way of a “Get Began” web page by offering their e mail. They’ll then obtain a type to fill with their private information.
Step one solely requires primary info like identify, e mail handle and three fields for the nation of citizenship, residency and placement. A disclaimer famous that the method couldn’t be accomplished by individuals with any tie to a wide range of international locations — most notably the U.S. and Japan. Some rumors additionally counsel Chinese language residents can be prevented from becoming a member of.
A screenshot from the primary type web page.
The following course of features a totally different sort of disclaimer associated to the utilization of the DOTs, asking contributors to pledge to solely use them inside the community:
The second iteration of the enroll type.
Rumored particulars
In keeping with rumors circulating in Polkadot’s neighborhood chats, the proposed providing can be structured as a Dutch public sale beginning at a worth of $120. After 72 hours, the asking worth can be decreased as per the foundations of a Dutch public sale.
Those that full the varieties are despatched a non-disclosure settlement relating to the “course of” and signing up as a builder. The sale would possible fall below a Regulation S providing that excludes U.S. individuals from collaborating.
Additional rumored particulars counsel that solely Bitcoin (BTC) can be accepted as forex. There seem like no limits to the minimal or most contribution, however some rumors counsel that after 10 BTC, particulars on the supply of the funds can be requested. A vesting interval of 5 months can be reportedly required as properly.
If the rumors are true, this might be the second token sale for DOTs. The primary was solely provided to personal buyers on the inception of the challenge.
The challenge is presently stay as a permissionless blockchain, however the beforehand issued DOTs stay untransferable.
It’s unclear when the sale will begin, although the neighborhood appears to consider it’s imminent.
The Polkadot staff didn’t instantly reply to Cointelegraph’s request for remark.