Initial Coin Offering
++ The Initial Coin Offering (ICO) of RanchiMall was launched in 2017. It was envisioned to sell 21 million + tokens over 14 phases over 3 years. However we paused the ICO after 2 phases were executed + selling 100000 tokens. Unanticipated Risks emerged due to rapid price increase of our tokens in + trading in our own custom exchange. The ICO will resume after de-risking process is complete. +
+Rooms
+Contributing Investors
+Product
++ Please refer to the whitepaper here for detailed terms. + RanchiMall Initial Coin Offering (ICO) abides by the terms we offered in our ICO whitepaper available + at link above. We have made certain changes in our terms as our learning has improved. All + these changes are to support the interests of our long term investors. +
+Summary of changes over white paper
+-
+
-
+
+ RanchiMall Tokens (RMT) now own the financial gains emerging from all our blockchain contracts +
+
+ -
+
+ RanchiMall FZE has been withdrawn as an asset in view of high holding costs +
+
+ -
+
+ Number of phase have been paused at 2 instead of 14 as initially envisioned +
+
+ -
+
+ Number of RMTs tokens in circulation has been paused to + 10000 instead of a release schedule of 21 million in 3 years. The un-issued tokens will stay vested + with the Founder of RanchiMall. +
+
+ -
+
+ The price discovery during active phase has been USD 1500 per + token giving RMTs in circulation a valuation of 150 million USD. Unless this price is realised in open + makets on sustainable basis, new tokens will not be put in circulation. +
+
+
Purchase
+
+ Currently we are not selling any RanchiMall Tokens (RMT). You can buy nominal tokens at
+ our last valuation in our exchange for USD 10 or Rs 500 if you want to become a
+ tokenholder, and be part of the learning process through our community. Our rules are designed to
+ favour long term investors.
+
Once you initiate a tokenholder relationship, please be patient to stay the
+ whole course of journey. You will not regret it.
+