Blockcloud Token (BLOC)

Blockcloud is the first global blockchain-based internet underlying protocol system that is designed to improve people's lives by offering a better internet system.

Blockcloud secured investment from over 100 well-known investment institutions from 28 countries and regions in July, 2018. Its team members are from world-class universities, including Princeton University, Tsinghua University, and Peking University, among which, over 50% of the members are PhD degree holders. In addition, the team is advised by Oliver Hart, winner of Nobel Prize in Economics, and Hoan Soo Lee, ex-Staff Economist at the Council of Economic Advisers in the White House.

Total Supply: 10 billion BLOC

Token Type: ERC-20

Token Sale Price:

• Seed Round: 1 BLOC = US$0.005
• Private Sales Period: 1 BLOC = US$0.008

Seed Round + Private Sale Allocation: 1.9 billion BLOC

Lockup Period:

1. Seed round: 20% to be released 6 months after listing; 20% to be released every 2 months afterward in 8 months; total lockup period 14 months.
2. 3% to be released upon listing, 3% to be released the following month after listing, 3% to be released in the third month of listing (according to the win-win dividend payout plan, an extra bonus of 1% will be sent along with the 2% that to be released in the first 3 months), 14% to be released in the fourth month, 10% to be released in each month from the 5th month to the 12th month, and the total lockup period will be 11 months. Total Release Amount: 100% + 3% (extra bonus)=103%.

Initial Circulating Volume: 
655 million BLOC in total, accounting for 6.55% of the total supply; among which for OK Jumpstart: 500 million BLOC, for community contribution reward: 100 million BLOC, Private sales including award interest:45 million BLOC, Advisor:20 million.

Token Allocation & Lockup Period:

1. Reserved Mining Reward: 30%, distributed after main net launch;
2. Foundation: 30%, not locked up, but any changes will be announced on the official website and in the communities;
3. Team: 10%, 25% to be released 1 year after listing; 25% of the remaining amount to be released every year; total vesting period 4 years;
4. Early contributors: 10%, only release 0.2% for advisors;
5. Seed round: 5%; 20% to be released 6 months after listing; 20% to be released every 2 months afterward in 8 months; total lockup period 14 months
6. 3% to be released upon listing, 3% to be released the following month after listing, 3% to be released in the third month of listing (according to the win-win dividend payout plan, an extra bonus of 1% will be sent along with the 2% that to be released in the first 3 months), 14% to be released in the fourth month, 10% to be released in each month from the 5th month to the 12th month, and the total lockup period will be 11 months. Total Release Amount: 100% + 3% (extra bonus)=103%.
7. Community contribution reward: 1%, not locked up.