Initial Coin Offering (ICO)
Last updated
Last updated
The ICO for the LYO Credit token took place in 2021. The token was initially sold out during its ICO phase in July 2021, at the price of $0.60. The total supply of LYO Credit is 250 million tokens. During the ICO, 30 million LYO tokens were distributed out of a total of 250 million LYO. In the final phase, 7.5 million tokens was out for purchase.
SoftCap: 10,500,000 LYO CREDIT
Hardcap: 30,000,000 LYO CREDIT
For more information about ICO, click here.
The distribution of the tokens is linear after the ending of the ICO. From the day of launch on the first exchange, the token system releases a quantity of units each day for 600 days.
Token price once listed on the 1st exchange: €1/$1.20
The formula that will be applied is: 0.16% × purchased value × that day's token value = the number of tokens released into the wallet that day.
After 600 days of listing on the first exchange, the remaining value will be released in full.
| Round | Token | Token Price | Token Price $* | Bonus | Period |
|---|---|---|---|---|---|
Pre-ICO
2,500,000
€0.50
$0.60
100%
7 - 31 July 2021 COMPLETED 100%
Phase 1
5,000,000
€0.55
$0.66
80%
1 - 31 August 2021 COMPLETED 58%
Phase 2
5,000,000
€0.60
$0.72
65%
1 - 30 September 2021 COMPLETED 32%
Phase 3
5,000,000
€0.65
$0.78
53%
1 - 31 October 2021 COMPLETED 50%
Phase 4
5,000,000
€0.70
$0.84
42%
1 - 30 November 2021 COMPLETED 81%
Phase 5
7,500,000
€0.75
$0.90
33%
1 - 31 December 2021 COMPLETED 78%
