ranchimall/floblockchaincontract.html
2021-05-12 19:09:49 +05:30

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<h4 class="h4 header__company-name">RanchiMall</h4>
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<h2 class="h2 weight-700 margin-bottom-1r">Initial Coin Offering</h2>
<p>
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.
</p>
</section>
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<h4 class="room__label">Rooms</h4>
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Contributing Investors
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Product
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Purchase
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<h3 class="h3 margin-bottom-1-5r">Contributing Investors</h3>
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<section>
<h3 class="h3 margin-bottom-1-5r">Product</h3>
<p class="margin-bottom-3r">
Please refer to the whitepaper <a href="https://www.ranchimall.net/ICO/">here</a> 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.
</p>
<h4 class="h4 margin-bottom-1r">Summary of changes over white paper</h4>
<ol type="1">
<li>
<p>
RanchiMall Tokens (RMT) now own the financial gains emerging from all our blockchain contracts
</p>
</li>
<li>
<p>
RanchiMall FZE has been withdrawn as an asset in view of high holding costs
</p>
</li>
<li>
<p>
Number of phase have been paused at 2 instead of 14 as initially envisioned
</p>
</li>
<li>
<p>
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.
</p>
</li>
<li>
<p>
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.
</p>
</li>
</ol>
</section>
<section>
<h3 class="h3 margin-bottom-1-5r">Purchase</h3>
<p>
Currently we are not selling any RanchiMall Tokens (RMT). You can buy nominal tokens at
our last valuation in <a href="ranchimall.net/exchange">our exchange</a> 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.
<br> Once you initiate a tokenholder relationship, please be patient to stay the
whole course of journey. You will not regret it.
</p>
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