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The GPS Token is a utility token that is being sold to investors and early adopters of the Triffic App.
The token will be used to incentivize and reward app users who can either use them in the in-app economy (marketplace, business and service promotion, rewards etc.) or they can exchange them for Bitcoin, Ethereum or any other cryptocurrency.
Triffic Innovations Ltd has generated a total supply of one billion GPS Tokens (1,000,000,000). These will act as a placeholder during stage one of the development of the Triffic app. Once stage two (blockchain integration) is reached, GPS Tokens will become their own child chain on the Ardor ecosystem and holders of the initial GPS Token placeholder will exchange them at the rate of 1:1 into the new token. When this occurs, any undistributed placeholder tokens will be burnt, massively reducing the supply, and the new child chain algorithm will 'mine' GPS Tokens based on GPS and accelerometer readings.
Forty percent (40%) or 400,000,000 of the total GPS Token supply of 1,000,000,000.
The Coinerz Group have created an Ignis Asset called 'GPS Tokens'. Each token is valued at US$0.05. Investors can purchase tokens by using Bitcoin, Ethereum, or Ardor. The price will be pegged to USD, which means that there will be some fluctuation in the price as the markets move up and down.
A detailed description of our sales process is located on our sales site and in our White Paper which contains an easy step-by-step walkthrough. Please contact our Customer Support team if you have any questions.
Total Supply: 1,000,000,000 GPS Tokens
Allocated ICO supply: 400,000,000 GPS Tokens (40%)
Allocated Triffic App supply: 450,000,000 GPS Tokens (45%)
Allocated Internal supply: 150,000,000 GPS Tokens (15%)
1 GPS Token = US$0.05
Soft Cap = US$100,000
Hard Cap = US$12,000,000
FOUNDERS SALE - JULY 2, 2018 TO MARCH 29, 2019
Investors who purchase more than US$10,000 of GPS Tokens will receive a heavily discounted price of US$0.02 per GPS Token. These tokens have a lock-in period which prevents their sale until approximately 60 days after the close of the ICO.
PRE-SALE PART ONE - JULY 2, 2018 TO JULY 8, 2018
GPS Tokens will be available at the price of US$0.03 per GPS Token from July 2, 2018 at 09:00 PST to July 8, 2018 at 09:00 PST.
PRE-SALE PART TWO - DECEMBER 3, 2018 TO DECEMBER 17, 2018
GPS Tokens will be available at the price of US$0.04 per GPS Token from December 2, 2018 at 09:00 PST to December 17, 2018 at 09:00 PST.
PURCHASE USING ARDOR
Investors who purchase their GPS Tokens using Ardor will receive an additional 10% bonus.
Any tokens unsold from the 400,000,000 assigned to the token sale will be burnt. All other undistributed tokens will be placed in an ESCROW account which will be managed by an unconnected third-party in the same way that undistributed Ardor and Nxt tokens are managed by an exchange.
We will deliver the GPS Tokens within 14 days after the conclusion of the public sale event on March 29, 2019.
The amount of GPS Tokens that the user will receive is based on the BTC, ETH or ARDR price at the time of submission. This means that if you bought tokens when Ethereum was US$500, you would receive 10000 GPS Tokens, whilst if you bought tokens when Ethereum was US$1000, you would receive 20000 GPS Tokens.
You should only send funds to the address you see on the token sales site. Your payment address will be different depending on the token you wish to use.
DO NOT SEND FUNDS DIRECTLY TO ANYBODY WHO ASKS IN ONE OF OUR SOCIAL MEDIA CHANNELS. OUR STAFF WILL NEVER ASK YOU TO DO THIS!
We have a number of different ways to earn bonus GPS Tokens. Our bounty programs are available to anybody who meets our basic KYC requirements. More information is available in the 'Bounties' section of the website
FOLLOW US ON SOCIAL MEDIA
Simply follow us on Twitter, Facebook , Reddit and Telegram to earn 40 GPS Tokens per site. Following us on all 4 sites will earn you a further bonus of 40 GPS Tokens - that's up to 200 GPS Tokens! You can access this feature from the 'Rewards' section of our token sales dashboard and you will receive your GPS Tokens within 14 days of the end of our ICO on March 29, 2019.
PROMOTE THE TRIFFIC ICO
When you log into our toke sales site, you can go to our 'Affiliates' section and use your personalised affiliate link to promote the Triffic ICO to your friends and followers on social media. Every person who clicks on your link and meets our KYC requirements will earn you *** GPS Tokens and each of your signups who purchase over US$50 will earn you *** GPS Tokens. You will receive your GPS Tokens within 14 days of the end of our ICO on March 29, 2019.
JOIN OUR APP TESTING PROGRAM
We want to make sure that the Triffic App is well designed, technically excellent and fun to use and we are rewarding our app testers with GPS Tokens...
Our KYC process is run by Identitymind, and is fully automated. You must meet our KYC requirements in order to purchase GPS Tokens. People who wish to invest over US$10,000 will also need to pass enhanced KYC. Don't worry, our token sales site makes the process step-by-step and makes it easy.
US citizens can take part in the ICO if they are an accredited investor. An accredited investor is someone who has a net worth of AT LEAST US$1,000,000, excluding the value of ones primary residence, or have an income of at least US$200,000 each year for the last two years ($300,000 combined income if married). If you think that you qualify, then please contact our support desk by clicking the 'Help' button.