Corite Presale & Liquidity Launch

Token presale on BSC, for a web3 music platform jointly powered by fans and artists to finance and promote music with an Engage-to-Earn model.

DETAILS

• Presale Details
  • Presale will take place on PancakeSwap IFO launchpad, here, and lasts for 2 hours
  • A public pool is available – no token staking requirement
  • Presale uses “overflow” method — users can commit any amount, and if presale is oversubscribed, their final allocation is proportional to their share of the total contributions and any excess is refunded
  • Purchase currency: CAKE
  • Presale price: $0.035
  • Hard cap (public pool): $1,102,500
  • No minimum or maximum contribution
  • Initial circulating market cap: $598,500
  • Vesting: 30% released at token launch, then linear block vesting over 90 days
  • A participation fee is applied on contributions; fee ranges from 0.1 – 0.5% and is calculated based on the percentage of overflow (overflow multiplier) — fee is burnt
  • Taxes: 0%
  • Token is scheduled to be listed on Bybit at 2pm UTC, immediately after presale ends

• Previous Token Sale (see “Tokenomics” below for vesting schedule)
  • Seed price: $0.022
  • Private sale price: $0.03

• Features
  • Platform and app is live with over 100,000 registered users, and artist partners include Alan Walker, Rico Love
  • Artists create crowdfunding campaigns for their fans to support their music projects
  • Fans earn and are incentivized via;
    • Revenue share (royalties) from backing artists
    • Fan missions set up by the artists and the platform
    • Access to exclusive and fun content and rewards both offline and online
  • Fans earn “Fan power points” as they engage in artist missions and support music they like. Power points determines a user’s rewards and benefits
  • CO is the reward and utility token, which users can utilize to:
    • gain early access to top tier crowdfunding campaigns
    • purchase Corite Originals NFTs
    • earn boosted rewards in the Engage-2-Earn model, via staking CO for multiplier and yield
    • create social tokens
    • get access to VIP experiences, based on number tokens held
    • receive incentives and rewards such as; artist-specific NFTs, artist merch, exclusive access to digital content
    • future planned utilities, such as governance and user engagement incentives

• Tokenomics
  • Token symbol: $CO
  • Total supply: 1,000,000,000
    • 10% — Seed sale (3 months cliff, then quarterly linear vesting over 27 months — price $0.022)
    • 14% — Private sale 1 (3 months cliff, then quarterly linear vesting over 27 months – – price $0.03)
    • 4.2% — Public sale (PCS IFO) (30% TGE, then linear block vesting over 90 days)
    • 13% — Team (12 months cliff, then linear vesting every 6 months for 36 months)
    • 18% — Ecosystem (1 month cliff, then quarterly vesting for 5% per quarter for 4 quarters, and then monthly linear vesting over 24 months)
    • 0.8% — Syrup pool (Linear block vesting over 60 weeks)
    • 12% — Engage to Earn (4 months cliff, then monthly linear vesting over 48 months)
    • 10% — Foundational reserve (18 months cliff, then monthly linear vesting over 48 months)
    • 7.5% — Artist incentives (4 months cliff, then monthly linear vesting over 40 months)
    • 7% — Liquidity (12% TGE then monthly linear vesting over 15 months)
    • 3.5% — Advisors (12 months cliff, then linear vesting every 5 months for 25 months)