ethereum pre-sale

Ethereum pre-sale

Amsterdam Ethereum Meetup Joris Bontje - @mids106

WARNINGS

Do not purchase ETH if you are not an expert in dealing with cryptographic tokens and blockchain-based software systems

Cryptographic tokens of value may experience extreme volatility in pricing

The purchase of ETH has a number of risks

Only buy directly from https://www.ethereum.org/

Genesis Sale

Ether is a product, NOT a security or investment offering. Ether is simply a token useful for paying transaction fees or building or purchasing decentralized application services on the Ethereum platform; it does not give you voting rights over anything, and EthSuisse makes no guarantees of its future value.

Ether will NOT be usable or transferable until the launch of the genesis block.

When you buy ether and download your wallet, you will not be able to do anything with it until the genesis block launches.

The expected launch time for the genesis block is winter 2014-2015. This date has been continually pushed back in large part due to funding delays, but development should soon start to proceed much more quickly.

The price of ether is initially set to a discounted price of 2000 ETH per BTC, and will stay this way for 14 days before linearly declining to a final rate of 1337 ETH per BTC. The sale will last 42 days, concluding at 23:59 Zug time September 2.

The annual issuance rate is 26% of the initial quantity of ether sold, reduced from the 50% that had been proposed in January.

There are two endowment pools, each 0.099x the initial quantity of ether sold, that will be allocated in the first case to early contributors to the project and in the second case to a long-term endowment to our non-profit foundation.

Intended Use of Revenue

All amounts are USD equivalent

Organizational Structure

Buy Ether

There are 2 papers to help you understand your rights regarding the sale:

• Terms and Conditions of the Ethereum Genesis Sale

• Ether Product Purchase Agreement

And 3 papers regarding the plans:

• ĐΞV PLAN

• Roadmap

• Intended Use of Revenue