TillBilly: A Blockchain Powered Integrated POS Terminal All Set For ICO
TillBilly aims to bring blockchain to the mainstream retail. They are a Stellar based digital payments network with a unique point of sale hardware terminal that empowers everyday shoppers to make contactless payments, automatically get digital receipts (tax invoices) and collect loyalty reward points, without the complexity or price volatility associated with cryptocurrencies. Now that the company is getting some traction, they are set to launch Initial Coin Offering to raise funds for the financial future of the company.
Founder and CEO of TillyBilly Sarthak Moghe said:
“We are extremely excited about the launch of our ICO, which we are hoping will stir up the necessary hype to get people involved in this revolutionary technology. TillBilly will not only make checking out of your favorite coffee shop or clothes store a whole lot easier, quicker and transparent, but it will also empower retailers with an assured settlement value in Fiat currency, and cost-effective promotions that result in higher conversions and better customer experience.”
TillBilly Token Sale Summary
A BILL (or BILLs) is a utility token issued by TillBilly for the sole purpose of its use in exchanging goods and/or services between TillBilly users (shoppers and merchants). BILL is a digital/software utility product. BILL or any of its derivatives do not represent equity in the TillBilly business, does not provide any ownership rights, and is not to be considered a security.
At the genesis of the TillBilly network, one billion BILLs will be created all at once from the TillBilly Genesis Account. Once the BILLs are created, the Genesis account will be locked permanently with multi-signatures so that no subsequent BILLs can be created from that account in the future.
The TillBilly token sale will be executed in three rounds: Private Sale, Public Pre-sale, and Public Sale. In the Private Sale, they will be offering to select early investors a total of 50,000,000 (fifty million) BILLs at a discounted rate from the total token supply. Purchase quantity rules apply to the private sale of the token, with the minimum amount of 50,000 tokens, and increments of 5,000 tokens per each transaction. For the Public Pre-Sale and Public Sale rounds, each round will have different tiers and associated bonuses to incentivize early adoption.
The Soft-cap for the TillBilly ICO is set at 11.5 Million XLM. If the Soft-cap is not met by the end of the token sale period, all funds collected during the rounds will be refunded to their respective contributors minus any account operation and transaction fees through smart contracts.