The two types of initial coin offerings are listed below:
Private ICO
In private initial coin offerings, only a limited number of investors can participate in the process. Generally, only accredited investors (financial institutions and high net-worth individuals) can participate in private ICOs, and a company can choose to set a minimum investment amount.
Public ICOs
Public initial coin offerings are a form of crowdfunding that targets the general public. The public offering is a democratised form of investing because almost anyone can become an investor. However, due to regulatory concerns, private ICOs are becoming a more viable option relative to public offerings.
How Does an ICO Work?
An initial coin offering is a sophisticated process that requires a deep knowledge of technology, finance, and the law. The main idea of ICOs is leveraging the decentralized systems of blockchain technology in capital-raising activities that will align the interests of various stakeholders. The steps in an ICO are listed below:
. Identification of investment targets
Every ICO starts with the company’s intention to raise capital. The company identifies the targets for its fundraising campaign and creates the relevant materials about the company or project for potential investors.
Creation of tokens
The next step in the initial coin offering is the creation of tokens. Essentially, the tokens are representations of an asset or utility in the blockchain. The tokens are fungible and tradeable. They should not be confused with cryptocurrencies because the tokens are just modifications of existing cryptocurrencies. Unlike stocks, the tokens generally do not provide an equity stake in a company. Instead, most of the tokens deliver their owners some stake in a product or service created by the company
The tokens are created using specified blockchain platforms. The process of the creation of tokens is relatively simple because a company is not required to write the code from scratch as in the creation of new cryptocurrency. Instead, existing blockchain platforms that run existing cryptocurrencies such as Ethereum allow the creation of the tokens with minor modification s of the code.
Promotion campaign
At the same time, a company usually runs a promotion campaign to attract potential investors. Note that the campaigns are commonly executed online to achieve the widest investor reach.
Initial offering
After the creation of the tokens, they are offered to the investors. The offering may be structured in several rounds. The company can then use the proceeds from the ICO(private or public) to launch a new product or service while the investors can expect to use the acquired tokens to benefit from this product/service or wait for the appreciation of the tokens’ value
Blockchain Technology
A blockchain is a decentralized, distributed and public digital ledger that is used to record transactions across many computers so that the record cannot be altered retroactively without the alteration of all subsequent blocks and the consensus of the network. Blockchain is an ever-growing space. Since the first blockchain was introduced years ago, we have come miles ahead in terms of development and advancement in the blockchain field. Who would have thought that blockchain would become one of the most innovative technologies in the world? It is now an industry where practically every company and professional wants to be. This is the present and future of our world. It is a secured system which is not operated by any one person but is operated by thousands of people and computers. Which is considered to be the safest system till date.
Through blockchain today and in the future transactions can be settled in seconds and banking transfer fees can be reduced.
Using blockchain, businesses can quickly pinpoint inefficiencies within their supply chains, which is difficult in centralised systems, as well as trace goods in real time and see how products move from manufacturers to retailers. Are. We will use it for quality control during the development and supply of our EV business in our upcoming projects to give people the idea and development of a transparent business
What is a token
In the most basic terms, a token is represented by a unit of value issued by a project. Tokens are the “fuel” that powers a project’s ecosystem. They can perform various functions, from providing the holder with access to a service to representing an underlying asset. In cryptocurrencies, tokens are typically built on existing blockchain platforms, such as Ethereum or Binance Smart Chain, which provide the infrastructure needed to create, distribute, and manage them. Tokens can fall into different categories:
Utility tokens
These tokens give users access to a specific application or service inside / outside blockchain ecosystem. They allow you to use the service or access a product in exchange for a token .
Security tokens
represent an investment in the project and typically promise a stake in future promotions or governance decisions.
NFT (Non-Fungible Token)
Unique tokens representing ownership of a specific item or content
Governance tokens
These tokens allow holders to vote on project developments and changes.
TOKEN SUPPLY - 22 MILLION
DEVLOPERS
STACK HOLDER
COMMUNITY
EV Development
AIRDROP
Private sell
PRE CELL
| TOTAL TOKEN SUPPLY | For Private Eell |
|---|---|
| Pre sell founding team | 7.50% |
| Private sell | 12.50% |
| Reserve for EV development | 25.00% |
| Stack holder | 10.00% |
| Airdrop | 10.00% |
| Community Build up | 25.00% |
| Technical Team & Devlopers | 10.00% |
TOKENOMICS FOR ICO
Tokenomics defines its maximum supply and circulating supply. A crypto can be designed to have a limited supply or infinite supply. Tokenomics is about figuring out how to create these tokens, how many there should be, and how they should be used within the network. For example, if there are too many tokens, their value might go down, so tokenomics helps figure out how many tokens should be created to make sure they keep their value over time
A portmanteau of “token” and “economics,” tokenomics is a catch-all for the elements that make a particular cryptocurrency/Toekn valuable and interesting to investors. That includes everything from a token’s supply and how it’s issued to things like what utility it has.
Tokenomics is an important concept to consider when making an investment decision because ultimately a project that has smart and well-designed incentives to buy and hold tokens for the long haul is more likely to outlast and do better than a project that hasn't built an ecosystem around its token. A well-built platform often translates into higher demand over time as new investors flock to the project, which, in turn, boosts prices.
20% tokens will be sold to investors during Pre sell and Private sell . This is equivalent to approximately 44 million NYX tokens. We hope to distribute our tokens to people all over the world.
10% of the tokens 22 Million will be kept for staking in which 100 tokens will have to be kept for at least 36 months. And after the project is developed, whoever has it will have a collection of 100 tokens. He will also be given dividend from the project
The remaining 55 million tokens or 25.00% of the tokens will be sold to investors during this sale and will be earmarked for platform development and furthering the EV business. Our goal is to see a world of clean environment, and we will use these tokens to fund projects for the EV sector..
10.00%, or 22 million tokens, are distributed to developers and will be used for future airdrops and promotions. Did someone say airdrop and promotion? I'm sure this is something you wanted to hear!
10% of the tokens, or 22 million tokens, are held by the company. These tokens are for market stability and any emergency that can strengthen us.
25.00%, or 55 million tokens, will be distributed for community development and will be used for future bounty systems and performance rewards. Did someone say growth and promotion? I'm sure this is something you wanted to hear!