Initial Coin Offering (ICO)
The ICO for the LYO Credit token occurred in 2021. In its July 2021 ICO phase, the token was initially sold out at the price of $0.60. The total supply of LYO Credit is 250 million tokens. During the ICO, 30 million LYO tokens were distributed from a total of 250 million LYO. In the final phase, 7.5 million tokens were up for purchase.
- Soft Cap: 10,500,000 LYO
- Hard Cap: 30,000,000 LYO
After the conclusion of the ICO, distribution of tokens is linear. From the first exchange on the day of launch, the token system releases a specific number of units daily for 600 days.
Token price once listed on the first exchange: €1/$1.20.
The following formula was used: 0.16% × purchased value × the day's token value = the day’s number of tokens released into the wallet.
After 600 days of first exchange listing, the remaining value will be released in full.