ARK Cryptocurrency Raises 5 Million Lisk in First 24 Hours of its Token Exchange Campaign (TEC)
Industry: Technology
ARK Cryptocurrency Raises 5 Million Lisk in First 24 Hours of its Token Exchange Campaign (TEC), which totaled over $1 Million US Dollars.
France (PRUnderground) November 10th, 2016
ARK Cryptocurrency Raises 5 Million Lisk in First 24 Hours of its Token Exchange Campaign (TEC), which totaled over $1 Million US Dollars. The official Token Exchange Campaign began on November, 7th 2016 and will run until December 11th 2016.
During the TEC period, 93,750,000 ARK, or 75% of the 125 million to be generated will be made available to backers, with the remaining tokens being reserved for the ARK team (15%), ARK Shield (7%), bounties (2%), and escrow (1%).
The ARK TEC will accept Bitcoin (BTC), Lisk (LSK), and Altcoins through Shapeshift in exchange for ARK tokens, to be made available at the launch of the ARK network (Early 2017). The ARK Team also unveiled an aggressive bonus structure that highlights Lisk at a bonus of 120% during the first 24 hours, 70% the first week, 40% the second week of the campaign with an exchange cap of 22 million LSK. Bitcoin is also featured, with a steep 30% bonus for the first 24 hours, 20% for the first week, and 15% for the second week.
In addition, the ARK TEC will coincide with a new type of bounty campaign that will feature a unique “sweepstakes” system wherein supporters can earn prizes for various promotional activities such as tweeting, visiting the Bitcointalk forum, or “Liking” the ARK Facebook page.
WHAT IS ARK
ARK is a new crypto-currency ecosystem focused on consumer adoption through a series of innovative core technology advancements, practical applications for everyday use, and strategic partnerships with industry leaders. By utilizing the ARK SmartBridge, ARK will be able to link together existing blockchain technologies into the ARK Ecosystem and build a robust platform that will bring a new level of user interaction.
ABOUT ARK CREW
The ARK Crew is a community driven development team of 30 individuals located in 15 separate Countries, dedicated to the success of the ARK Ecosystem and the next generation of integrated cryptocurrency and blockchain solutions. With diverse backgrounds including engineering, medicine, education, front-end & back-end development, the ARK Crew has a robust team of diverse experts unlike any other in the space.
MEDIA
Learn more about ARK Ecosystem at – https://ark.io
About ARK
ARK Cryptocurrency is a platform for consumer adoption.
