What Is Initiator?
Initiator is a startup ecosystem that uses blockchain technology in its operations. The system is mainly built to operate as a speedup for startup businesses, as a fund and a launcher for an Initial Coin Offering. It is designed with the aim of finding startups, securing them and then grows them, while reducing risks involved and securing diversity. All operations done by Initiator will ease the process of starting up a business.
The initiator team consists of experts in business, entrepreneurs, academicians, IT developers, and consultants. This team is known for having a strong record of developing their business from scratch until they become enterprises.
How Initiator Blockchain Startup Accelerator Fund Works
The team at Initiator holds the opportunity to negotiate and be able to invest at rates that have been discounted during the early stages of the initial coin offering for projects that are not included in the already selected startup projects by the company to increase their diversity. Initiator will then employ strategies that decrease risks involving its funds. Due to the unpredictable nature of blockchain assets, all funds collected by initiator are put in fiat currencies to reduce their exposure.
The tokens for the Initiator platform will be on sale during the Initial Token Sale. Initiator tokens are called INIT tokens and are classified as ERC20 on the Ethereum blockchain. Users have to purchase INIT tokens to be included to the Initiator ecosystem. In order to safeguard demand and usage of the tokens, the platform uses a sequence where the number of tokens that an individual holds will ascertain the rewards and services they will obtain on the platform.
Those in possession of INIT tokens will be able to make decisions too. They will be able to participate in voting for an idea that will influence the direction that Initiator as a whole takes. The funds that will be raised during the Initial Token Sale will be used for the platform's startup projects and the remainder used for other Initial Token Sales at rates that re discounted.
One is able to participate in the Initiator ecosystem by purchasing the INIT tokens and be part of the team leading to development of Initiator network at large. As part of the Initiator ecosystem, individuals will be able to use the services that the platform offers, get support, training, and access funds during the ICO. Initiator also contains a unique international network of innovation companies used for the recruiting of cases, business parks, and top-level universities.
All investments done in INIT tokens will be profitable since the platform will strive to reduce the amount of tokens put in circulation. The unsold tokens during the Initial Token Sale will be made inspendable (burned). Premium token holders who participate in private Initial Token Sale will have to pay a token fee which will be burned and send to a burn address that can be viewed by the public.
Initiator will work hard to ensure that its INIT token is listed on major exchanges available because investors value buying and selling tokens in an open market that can easily be accessed.
Initiator INIT Token ICO Details
- Token Symbol: INIT
- Token Sale Starts: 4/16/18
- Token Sale Ends: 6/14/18
- Token Price: 1 INIT token will cost 0.01 ETH
- Total Supply: 50.000.000 tokens
- Token Standard: ERC-20 compliant
- Soft Cap: None
- Hard Cap: 150.000 ETH