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
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RanchiMall Tokens (RMT) now own the financial gains emerging from all our blockchain contracts
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RanchiMall FZE has been withdrawn as an asset in view of high holding costs
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Number of phase have been paused at 2 instead of 14 as initially envisioned
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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.
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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.