Profede Surpases Its Soft Cap Target In First Days Of Pre-ICO
Feb. 28, 2018
Taillin, Estonia, Feb. 28, 2018 / Profede.com
One of the year's most anticipated ICO's, announces that less than 2 weeks into their PRE-ICO they have surpassed their soft cap of $1.5M.
Surpassing their soft cap enables Profede.com to execute on a multitude of its initiatives. This includes the buildout of their proprietary blockchain-based protocol and robust technical infrastructure, which will be available for beta testing in Q4 2018. Furthermore, this accelerates integration with third party APPs like beBee, hiring new personnel to develop the project and in addition, execution of the high end marketing plan.
The initial fund raise of $1,624,000 included contributions from existing partners and Company's early adopters. This is a testament to the confidence and demand for the utility Professional Activity Token, which will serve as a currency on the upcoming professional ecosystem.
"The Profede.com team is extremely pleased with the initial results, and it is a testament to the support of the ever increasing Profede.com community. While still early, the momentum we're witnessing in our brand is truly special because we can disrupt the whole professional market which is worth over a trillion dollars. It is time for professionals to control their professional data and make money out of it".
The platform, which includes the PATO Token, will allow professional profiles and feedback ratings to be stored on the ledger, so every professional will have their information validated by the community and it will be accesible to any business that wants to reach them. The token will enable businesses to target and pay professionals who will have their token price previously set by themselves on the blockchain-based protocol.
"The next step for us will be to hit the $5M mark, which would allow us to develop our Alfa version in a quick and efficient manner. Thank you for all your support! We’re doing our best to meet your expectations. Stay tuned for our news, we have a lot of great developments on the horizon.”
Results of pre-sale come as Profede.com continues to process the Know-Your-Customer protocol for the public crowdsale that starts on June 1st. All participants must provide proof of identity and residency before being allowed to acquire tokens. The disclosure requirements reflect international guidelines to ensure that all funds raised in the sale originate from legitimate sources.
- Volume (finite amount created) 6,000,000,000 PATO
- Tokens on ICO sale 3,000,000,000 PATO (50%)
- Hard Cap: $20M
- Soft Cap: $1.5M
- Presale Discount: 50% March, 40% April, 30% May
- Crowdsale’s PATO Price: $0.01
- Presale Contributions: ETH, BTC and FIAT
- Crowdsale Contributions: ETH
The presale period will be from tomorrow, March 1st, 2018 at 11:00am GMT to May 31st, 2018 at 11:00am GMT.
The presale period includes up to 50% discount. The minimum contribution is $50K. Investors can contribute with ETH, BTC or FIAT but must register an account with Profede prior to contributing.
The public crowdsale will begin on June 1st, 2018. The fundraiser will continue until the hard cap of $20 million is met (or for 45 days). If there are remaining tokens after the crowdsale period these tokens will be transferred to the long term bucket. Register at Profede.com for the latest announcements regarding the fundraiser.