Phase 1 Sale

Users who have participated in KYF (know your farmer) in the past are eligible to participate in the KYF sale. This includes farm 1-4 (doesn't include the current farm).

There are a total of 200 ARCx tokens that have been allocated to this round, with a price of 2,500 USDC per ARCx token.

The sale will start on the 15th Feb 2021 (UTC 12:00) and end on the 17th Feb 2021

Users who are eligible should check the app and see what their allocation is at https://app.arcx.money

Details:

  • February 15th to 17th, 2021 (unless sold out sooner)

  • Price: $2,500 per token, representing a $25m fully diluted valuation. All buyers will pay the same price.

  • Exclusively available to all KYF verified users (Know Your Farmer v1 & v2) who participated in Farm 1, 2, 3 or 4

  • Maximum of 200 ARCx ($500k) available, representing 2% of total supply

  • Maximum per buyer: from Farm 1 to Farm 4, depending on the amount of each buyer’s KYF participation

  • Locked until end of Phase 2

  • Any unsold tokens will be rolled over into Phase 2 or be further resold to existing KYF users

Click here to confirm your allocation

Calculations

The following outlines how we did the calculations for each user. For each of the farms we allocated a number of tokens that could be purchased:

  • Farm 1: 110

  • Farm 2: 60

  • Farm 3: 40

  • Farm 4: 190

Then we took the number of participants per farm which gives us a distribution per wallet (e.g. if 10 people participated in Farm 1 then it would be 110 / 10 = 11 ArcX per wallet)

Finally we simply add up the allocations on a per wallet basis. This means that those who participated in all 4 farms would have more rewards than those who participated in only a single farm.

Important Notes

  • Do NOT use a wallet that is not approved. Funds will not be refunded

  • Do NOT send more than you are allocated. Funds will not be refunded

  • If you send less than your allocation, you will be allocated ARCx pro rata

FAQs

Q: Is there vesting? A: Tokens will be locked until the end of phase 2 This is expected in the next couple of weeks

Q: What happens to tokens not bought? A: Tokens not bought will be rolled over into the Phase 2 sale