BENQI Public Sale Update

The BENQI Public Sale was announced only a week ago, and we have seen incredible demand and unprecedented registration numbers on Tokensoft. The team is humbled and grateful for the overwhelmingly positive response from the community. It is clear that the project has resonated with many, and we are excited to share some changes to the parameters of our Public Sale.

We will be lowering the max purchase limits for both options to enable greater community participation:

  • Public A: the max limit will be lowered from $10,000 to $5,000
  • Public B: the max limit will be lowered from $2,500 to $1,000

Public A

Tokens allocated: 439,200,000 QI
% of total supply: 6.10%
Price per token: $0.0075 per QI
Unlock schedule: 20% on public listing and monthly release over 12 months

Minimum contribution: $500
Maximum contribution: $5,000

Public B

Tokens allocated: 64,800,000 QI
% of total supply: 0.90%
Price per token: $0.0090 per QI
Unlock schedule: 100% on public listing

Minimum contribution: $100
Maximum contribution: $1,000

Reminders:

  • Payment options are in USDT, USDC, and ETH only, and will be transacted on the Ethereum network. Transfers on any other network (Avalanche/BSC) will be lost.
  • Anyone abusing the terms of the sale may lose all rights to their tokens.

Update on registrations

Qualified registrants will be able to participate in the Public Sale on 28th April 2021, 9am Pacific Time.

Important things to note:

  • If your status on Tokensoft is “Verified” you will be able to participate in the Public Sale next week. Further, if your status is “Under Review”, we will endeavor to process all submission up until the time of the sale.
  • Unfortunately, due to immense demand, if your status is neither “Verified” nor “Under Review”, you will not be eligible for the sale.

In the coming days, we will be posting additional updates, including important rules, tips, and what to expect during the sale. We would like to thank the community again for the amazing support, and we are certain that these changes will enable a wider distribution of QI for everyone.

About BENQI

Built on Avalanche’s highly scalable network, BENQI’s vision of bridging decentralized finance (DeFi) and institutional networks starts by launching BENQI on the Avalanche C-Chain. Through BENQI, Avalanche users will be able to earn interest on their assets, obtain credit through over-collateralized loans and earn QI governance tokens as rewards for providing liquidity on the protocol and Pangolin. For more information about BENQI, please visit: benqi.fi

BENQI is a decentralized non-custodial liquidity market protocol on Avalanche, enabling users to effortlessly lend, borrow, and earn interest with their assets.