CoinList Announces Agoric Token Sale On December 29 – The Quiz Answers

CoinList has announced that registrations for the Agoric Token Sale are now open. The sale begins on December 29, 18:00 UTC and the registration deadline is December 26, 23:59 UTC.

What is Agoric?

Agoric is a proof-of-stake chain utilizing JavaScript smart contracts to rapidly build and deploy dapps. Specifically, Agoric is uniquely positioned to tap into the 10+ million JavaScript developers across the world by enabling on-chain smart contracts to be built in a hardened version of JavaScript. This results in faster development times, fewer errors, and more efficient development practices.

Key Highlights

An open crypto ecosystem: The Agoric ecosystem has two tokens: BLD and RUN. Only the BLD token is available for purchase. The BLD staking token secures the network and is used for governance. The RUN token is a stable token used to execute chain services (e.g., gas), implement smart contracts on-chain, and support cross-chain activity. The tokens serve separate purposes in order to prioritize network security and scale the ecosystem.

Rapid dapp development with smart contract components: The Agoric platform and chain enables developers to rapidly build and deploy dapps, including DEXs, OTC desks, and NFT marketplaces, by leveraging third-party components. The smart contract components are audited, battle-tested, and can be quickly imported like any standard npm (node package manager) install. This saves developers’ time and resources, and prevents re-entrancy attacks and other common smart contract bugs.

Unlocking cross-chain assets: With the Inter-Blockchain Protocol (IBC) enabled on Agoric, projects can utilize Agoric smart contracts with native cross-chain functionality. This opens the doors to cross-chain liquidity, providing users and businesses with extensible commerce opportunities. In collaboration with the Cosmos interchain community, the Agoric team supported IBC development through launch.

Token Economics

The BLD token secures and stabilizes the Agoric ecosystem by supporting staking, governance, and decentralization. The total supply of BLD tokens includes (i) an initial distribution of BLD, and (ii) expected BLD staking rewards.

Initial Token Distribution: 1,000,000,000

Expected Token Supply: 1,250,000,000

Token Distribution

Segment Total Supply in % Release Schedule
Network Decentralization 17% Liquid as of distribution date on 11/1/21. Tokens may be subject to a lockup and release schedule.
Foundation 12.5% Liquid as of distribution date on 11/1/21. Tokens may be subject to a lockup and release schedule.
Community & Ecosystem 5.5% Liquid as of distribution date on 11/1/21. Tokens may be subject to a lockup and release schedule.
Core Contributors 18.6% 12 month cliff starting on 11/1/21, followed by a 12 month linear unlock.

Note – tokens are subject to additional 4 year employee vesting schedules, which vary by employee.

Advisors 3% 12 month cliff starting on 11/1/21, followed by a 12 month linear unlock.
Early Backers 11.4% 12 month cliff starting on 11/1/21, followed by a 12 month linear unlock.
Operations 12.5% Liquid as of distribution date on 11/1/21.
Private Sales – 2 year lockup 8.6% 12 month cliff starting on 11/1/21, followed by a 12 month linear unlock.
Private Sales – 4 year lockup 3.9% 12 month cliff starting on 11/1/21, followed by a 36 month linear unlock.
Public Sale 7% See sale structure above.

Backers

Roadmap

Sale Details

The sale has two public options with different terms:

  • Option 1 will run from Dec 29 at 18:00 UTC
  • Option 2 will run from Dec 29 at 23:00 UTC
Option 1 Option 2
Asset BLD tokens (Cosmos) BLD tokens (Cosmos)
Fixed Sale Price $0.80 per token $0.65 per token
Sale Period December 29, 2021 18:00 UTC – January 5, 2021 23:59 UTC December 29, 2021 23:00 UTC – January 5, 2021 23:59 UTC
Supply for Sale 4.5% (45M tokens) 2.5% (25M tokens)
Purchase Limits $100 min
$1000 max
$100 min
$1000 max
Funding Methods USDT, USDC, ETH, BTC, ALGO, SOL USDT, USDC, ETH, BTC, ALGO, SOL
Lockup and Release Tokens unlock 6 months after the sale date on / around June 29, 2022, followed by a 12 month linear release.

Note – locked tokens may be staked. BLD tokens received from staking are unlocked.

Tokens unlock on / around November 1, 2022, followed by a 12 month linear release.

Note – locked tokens may be staked. BLD tokens received from staking are unlocked.

Excluded Participants Excluded participants include residents of the US, Canada, China, South Korea. Excluded participants include residents of the US, Canada, China, South Korea.

The Quiz Answers

For complete registration of Agoric Token Sale on CoinList, you have to complete the qualification quiz, follow that:

Click Continue.

If you do not have Coinlist account, register here.

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