Everyone has the option to claim $5,000 worth of coins without paying any money up front.
You only pay for your tokens when the value of the coin at least doubles. Then - you have the option of purchasing the $5,000 tokens.
To start, you grab $5,000 worth of tokens without paying any money up front. Price of the token at this stage will be 5 cents per token.
Kidbizo then run the three stages of the ICO – these are: the private sale, the pre-sale and finally the crowd sale
In the private sale you commit to buying $5,000 worth of tokens without paying anything until the price at least doubles. Every additional block of $5,000 worth of tokens will incur a processing fee of $10 - for example, to grab additional $10,000 worth of token options you will pay $20 in process fees.
Pre-sale of the first $5,000 worth of token commitment will have a processing fee of $15 and every additional grab of $5,000 tokens will have a processing fee of $20.
For the crowd-sale the first $5,000 worth of token commitment will have a processing fee of $20 and every additional grab of $5,000 tokens will have a processing fee of $30.
Once the crowd sale is finished, we will list the token on the exchanges. Let’s say the price of the token moves up to 20 cents in the open market and stays double or higher for at least 14 days. You have $10,000 worth of tokens, which will now be worth $40,000. You would now have 14 days to pay for your initial commitment of $10,000, which is now worth $40,000.
What happens if value of tokens become double and you don’t have the money?
When the value of the tokens you grabbed doubles, but you don’t have the full money to grab all the tokens you reserved, you can pay whatever amount you can afford. For example, if you have tokens worth of $10,000 but you only have $1,000. You pay $,1000, get your tokens and sell them if you want and repeat the cycle.
Am I obligated to buy the tokens when the price doubles?
No, you are not obligated to buy the tokens. If for whatever reasons you did not buy the tokens you grabbed when price at least doubles within the 14 days, you will simply lose the right to buy, but you will not be obligated to buying them. Those tokens will then be ‘burned’. The burning of the tokens reduces the supply, which also contributes to price going higher.
In a traditional ICO, if you purchase $10,000 worth of tokens at a private sale, you would actually have to pay for them up front. You will wait until all phases of ICO are complete and the tokens have been listed on the exchanges before you can sell them. When the tokens have been listed and the price moves down, you will lose money – but if the price moves up you will make money.
To clarify:
1. You part with your money when you actually opt to buy the tokens (when doubled in value).
2. You wait until tokens are listed on the exchanges
3. if the price moves down and you sell, you will lose money.
The difference between traditional ICO and KidBizo ICO:
Instead of initial coin offerings, we are doing “initial coin options”.
1. You grab the options without parting with your money.
2. You wait until our tokens get listed on the exchanges
3. You still don’t part with the money until price at least doubles in value. When it does at least double in value, you pay for your options (you must take up the option within 14 days) and have the rights to sell them right away. You are not blocking your money while the ICO is running for few months and you are protecting your downside by 100%.
Now that you know Kidbizo’s ICO allows you to grab $5,000 worth of tokens without paying anything upfront, click on join right now and start your ICO journey.
