English name of project: Po.et
Ticker of Token: POE
Country of Project Incorporation: Singapore (Foundation)
Description of the project:
Prominent investors: FBS Capital, Anthony Di Iorio, Simon Dixon
Focused industry: digital media, copyright
Facts & figures surrounding adoption: The alpha beta has long been launched sin mid 2017. bitcoinmagazine.com, is the first digital publisher running Po.et.
Po.et is a decentralized platform for authorization and distribution of digital assets, and it aims to become a universal distributed ledger for digital assets including text, photos and videos.
Po.et uses this shared ledger and data layer to create an extensible platform designed to record ownership and metadata for digital media assets. Po.et’s platform allows a user to generate an immutable ownership certifcate of digital works, track and license assets on the web, discover new assets and verify the authenticity of discovered assets. Po.et is incubated by the well-known media firm BTC media, which owns bitcoinmagazine.com, the first original blockchain media site in the world. Bitcoinmagazine.com is the first alpha version publisher on Po.et
Token creation and release dates: Tokens sale completed on 9th August and released in September
Token sale start date: 8th August, 2017
Total available token supply: 3,141,592,653
Tokens in circulation: 2,196,601,583
Amount raised in ICO: 10,000,000 USD
ICO price: 0.006 USD
Distribution and usage of proceeds：
Of the 3,141,592,653 Po.et tokens, 50 percent will be distributed to the community in a public token sale. Of the remaining Po.et tokens, 10 percent will be distributed to the early investors who funded Po.et development prior to the token sale. An additional 10 percent will be distributed over time to publishers, journalists, alpha partners and others who contribute to growing the Po.et network. Te Po.et Foundation will retain 22 percent of all tokens for long-term development, with the remaining 8 percent going to the early team and founders.
The Po.et Foundation will use all funding to support ongoing development and growth of the Po.et network. Te majority of funding will be used for developer salaries and bounties for open-source contributions to Po.et.
Official website: po.et
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