FlashNet Technologies, a developer of pre-mined private blockchain for loyalty or advertising tokens, has announced that it will distribute all its remaining FLASH coins in a ‘Flash Finale’ crowdsale. Started on Saturday, January 14, the crowdsale will last for a week and will not be open to US or Quebec (province of Canada) residents.
“Consumers understand their time is valuable, and FLASH will be the first token that pays users to watch ads, play games, try out new products and other acts of engagement,” said Chris Kitze, Flashnet Technologies co-founder and CEO. “Still in its infancy, over ten-thousand people have already downloaded a FLASH wallet and received their first bounty of 10,000 FLASH coins. As we roll out this social engagement and loyalty token to participating brands and agencies, we expect millions of consumers to be rewarded with FLASH, which the brands will need to acquire on the open market – from those participating in the FLASH Finale and presale.”
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This final crowdsale, which will exhaust all 900 billion FLASH coins (including the 45 billion FLASH already distributed in its initial pre-sale in late 2016, which raised 101 BTC). Those pre-sale buyers will receive a bonus of 25%, and the remaining 845 billion FLASH will be valued based on the number sold.
This replaces the MEGAFLASH crowdsale, which did not raise the minimum of 200 BTC that were in its terms and conditions with Bittrex exchange. Those bitcoins will be returned, including all Bittrex fees, and any non-US purchasers of those tokens are encouraged to participate in the FLASH Finale.