ADDRESSES AND RATES

CONVERSION RATE

1 ETH = 400 TEU        1 TEU = 0.0025 ETH

TEU CONTRIBUTION ADDRESS

TEUsale.eth

CURRENT EXCHANGE RATE

BTC/ETH = 13.6           BTC/TEU = 5,440

EXCHANGE RATE PERIOD

23-APR
2AM
(1524477600)
TO 12-MAY
2AM
(1526090400)

CORE TERMS

Token Name 20-footEqvUnit
Token Symbol TEU
Token Standard ERC20 Compliant, 18 Decimal Places
Token ENS Address TEUtoken.eth
Token Explorer etherscan.io
Contribution Cryptocurrencies Ether(ETH) and Bitcoin (BTC)
Minimum Amount 0.1 ETH or ETH Equivalent
Tranche First Tranche
Minimum Target Not applicable
Conversion Rate 1 ETH to 400 TEU
ETH Contribution Address TEUsale.eth
BTC Contribution Address As stipulated in the Sale Website individually
Start Time (Timestamp) 12-Apr-2018 2AM UTC+0 (1523498400)
End Time (Timestamp) 12-May-2018 2AM UTC+0 (1526090400)

 

Early Closing If all tokens are sold before End Time or a hard cap of USD 12 million is reached, the TEU ICO will be closed. Early Closing calculation is inclusive of Bonus Tokens but exclusive of Referral Tokens

 

Total Supply 100,000,000 TEU
TEU Pool for Contribution 18,000,000 TEU

18% of the Total Supply

Bonus & Referral Tokens Please refer to next section for entitlement of Bonus and Referral Tokens
Exchange Rate The Sale Website will publish daily Exchange Rate with a valid timestamp interval of converting BTC into ETH equivalent at Issuer’s sole discretion.
ETH Equivalent ETH equivalent is calculated based on the timestamp of contribution confirmed in the BTC contribution addresses by applying the respective Exchange Rates for such timestamp interval.
Terms & Conditions In contributing to the ICO smart contract shall mean you have agreed to the ICO Terms and Conditions.

BONUS TOKENS

EARLY BIRD BONUS
(50%)

All contributors participating within the first 20 days of the ICO period (at or before timestamp: 1525226400) will receive extra TEU tokens equivalent to 50% of their contribution as Early Bird Bonus.

VOLUME BONUS
(Up to 100%)

Volume Bonus Token will be awarded according to below schedule:

ETH or eqv. Bonus token
1 35%
2 40%
3 45%
4 50%
5 55%
10 60%
20 65%
30 70%
40 75%
50 80%
100 90%
200 100%

REFERRAL BONUS
(20%)

Any Contributor (the Referrer) is eligible to refer any acquaintance (the Referred person) to contribute and there is no limit to the number of referrals. Both the Referrer and the Referred person will be awarded 20% of the Referred person’s contributed ETH equivalent amount as Referral Bonus Tokens.

The Referral Bonus Token amount is calculated based on the below formula:

(Contribution (in ETH equivalent) of the Referee)
×
(Conversion Rate)
×
20%

96 HOUR TIME LIMITATION FOR REFERRAL BONUS

  • Referral Bonus Tokens must be claimed within  96 hours which is imposed in the ICO smart contract in the Ethereum blockchain, of the contribution by the Referred person.
  • Within his/her Ether wallet, the Referred person must call the “Referral” function by inputting the wallet address of Referrer into “Referrer” field in the function for both Referrer and the Referred person to collect the Referral Bonus Tokens.
  • If the Referred person does not call the “Referral” function properly within 96 hours of the timestamp of his/her contribution, the Referral Bonus Tokens will be forfeited. Referral instructions is provided on the Sale Website.

IN THE PRESS

DOCUMENTS

REFERRAL EXAMPLES

Examples below are for illustrative purposes only. 
Actual result is based on your own circumstance in the TEU ICO.

AMY

Amy contributes 38ETH on day 2.
Amy is required to input her ETH wallet address into his TEU ICO registration form in order to collect the TEU tokens.

ETH wallet of Amy:
0x12345678901234678901234567890xxthisisamy

Type Formula TEU
Basic ETH38 x TEU400/ETH 15,200
Early Bird Bonus 50% 7,600
Volume Bonus 70% 10,640
Total 33,440

BILLY

is referred by Amy, contributes BTC3.8 on day 11.
BTC/ETH Exchange Rate = ETH10.80/BTC.
Billy is required to input his ETH wallet address into his TEU ICO registration form in order to collect the TEU tokens.

ETH wallet of Billy:
0x12345678901234678901234567890thisisbilly

Type Formula TEU
ETH Equivalent BTC3.8 x
ETH10.8/BTC=
ETH41.04
Basic ETH41.04 x TEU400/ETH 16,416
Early Bird Bonus 0% 0
Volume Bonus 75% 12,312
Total 28,728

After successfully contributing to the ICO, Billy has 96-hours to call the “Referral” function to collect the Referral Bonus Tokens for him and Amy.

Call by:
0x12345678901234678901234567890thisisbilly

Referrer address:
0x12345678901234678901234567890xxthisisamy

Basic Formula TEU
Referral Bonus TEU 16,416 x 20% 3,283.20

CHERRY

referred by Billy, contributes ETH3 on day 18.
Cherry is required to input her ETH wallet address into his TEU ICO registration form in order to collect the TEU tokens.

ETH wallet of Cherry:
0x12345678901234678901234567890thisischerry

Type Formula TEU
Basic ETH3 × TEU400/ETH 1,200
Early Bird Bonus 0% 0
Volume Bonus 45% 540
Total 1,740

After successfully contributing to the TEU ICO and collecting her TEU tokens, Cherry has 96-hours to call the “Referral” function to collect the Referral Bonus Tokens for her and Billy.

Call by:
0x12345678901234678901234567890thisischerry

Referrer address:
0x12345678901234678901234567890thisisbilly

Basic Formula TEU
Referral Bonus TEU 1,200 x 20% 240

Both ETH wallets of Billy and Cherry are awarded 240 TEU tokens as the Referral Bonus Token respectively upon token collection.

HISTORIC EXCHANGE RATE

Period BTC/ETH Exchange Rate BTC/TEU Conversion Rate
12-Apr 2AM (1523498400) to 20-Apr 2AM (1524218400) 15.8 6,320
20-Apr 2AM (1524189600) to 23-Apr 2AM (1524448800) 14.2 5,680
23-Apr 2AM (1524448800) to 12-May 2AM (1526090400) 13.6 5,440

FAQ

Is there any gas consumption (network fee) when transferring TEU Tokens? Transfers is subject to ETH gas fees like all other transactions on the Ethereum network.
When do I receive TEU Tokens after contribution? 4 days after the end of ICO, you can collect TEU Tokens by calling the collectToken function in ICO smart contract.
Can I contribute directly from an Exchange? Do not use any exchange proprietary wallets to participate in the TEU ICO. We will not be able to trace your contribution if any exchange wallet is used.
What is the minimum purchase for TEU Tokens? The minimum contribution is 0.1 ETH. Smaller contribution amounts will be rejected (with warning on submission failure). If you ignore the warning, gas will be wasted.
How can I check how much ETH has been contributed in the ICO? The amount of ETH received during each period will be shown on the 300cubits website or enquired directly on the ICO smart contract.
How can I contribute in the TEU IT? It is simply sending ETH to ICO smart contract (or the 40 hex characters address starting with 0x published in our website or social media) from your Ethereum wallet.
Why do Know-Your-Client process is required? We perform it because we observe the laws of Hong Kong. We adhere to the Know-Your-Client (KYC) and Anti-Money Laundering (AML) best practices within the evolving crypto currency landscape.