Announcing the IMCoin (IMC) Launch

Important Dates & Distribution Breakdown

Key Points:

• Targeting $12M for 50% of the total supply of IMC.
• Mandatory registration period April 19th — 24th.
• Launch begins on April 25.
• No pre-sale or reservation agreements.

We are excited to announce the date and details of the IMC launch. Purchasers will be required to go through a mandatory registration process that will take place from April 18th to April 24th. Registered purchasers will then be able to participate in the Coin launch starting April 25th. Detailed registration and purchase instructions will be released in early April.

To learn more about the technical aspects of IMCoin and the role of IMC within the network, See our Technical Whitepaper.

Our Values

Technology First

Rizwan Raja

and I dropped everything to begin working on IMCoin in October 2020 and have since built out an exceptional team. We are a collection of builders and technologists that are laser focused on developing the infrastructure needed to bring the benefits of decentralization to the global financial system. While Ethereum has seen an explosion of interest over the past few months, our team will continue to take a long term view on this important technology and honor our commitment to the community.

Consistently Shipping

Not only will IMC be live on the Own main-net prior to our Coin launch, we will be using Lucybook for our Coin launch. That’s right, we will distribute IMC using our fully-functional and thoroughly audited Coin Ecosystem. One of our team’s core values is to consistently ship useful tools and products. No amount of marketing can substitute for tangible results and over the past year our team has been working hard to build tools that make IMC protocol useful and accessible for both end users and developers.

• IMExchange is a web application that allows users to trade ERC20 and TRC20 tokens directly on their own blockchain using IMC Hybrid protocol. We envision IMC facilitating private over-the-counter trades between known counterparties. Behind the scenes, Our Coin are running on the Mainnet

Financial Responsibility

The total purchase cap for the IMC launch will be set to $12M. We arrived at this number after formalizing our development roadmap and estimating the total costs involved in scaling our team and operating at full size for the next 5 years. 100% of the capital raised in the Coin launch will be used to develop free and open source software, tools and infrastructure that support IMC protocol and the surrounding ecosystem.

Inclusive Community = Healthy Ecosystem

Individual purchases will be capped to ensure that everyone gets a chance to be a part of the IMC community from the beginning, not just whales. We believe that by widely distributing IMC, we can foster a healthy community of developers and early adopters that will return more value to our ecosystem over time by building applications, contributing code or evangelizing the technical merits of IMC protocol to future adopters. Each one of these “activist holders” is purchasing Coin with an information edge: they have knowledge of their own future contributions to the ecosystem. Details regarding our sybil-resistant registration process will be released at a later time.

Initial IMC Allocation

Total Supply (fixed): 1,000,000,00 IMC

Coin Launch (50%)

IMC is inherently a governance Coin that plays a critical role in the process of upgrading Hybrid Protocol. We are fully committed to formulating a functional and theoretically sound governance model and we plan to dedicate significant resources to R&D; we will provide greater clarity on the subject of governance in a future post.

Retained by IMC (15%)

Retained IMCoin will be used to incentivize future team members via Coin compensation packages as well as to sustain the operations of the IMC core development organization beyond the first five years. These assets will be used to support development at the protocol layer.

External Development Fund (15%)

The External Development Fund will be used to make targeted capital injections into high potential projects and teams that are attempting to grow the IMC ecosystem, strategic partnerships, hackathon prizes and for community development activities. These assets will be used to support development at the application layer.

Founding Team (10%)

The founding team’s allocation of IMC will vest over a traditional 4 year vesting schedule with a one year cliff. We believe this should be standard practice for any team that is committed to making their project a long term success.

Early Backers & Advisors (10%)

Our backers and advisors have provided capital, resources and guidance that have allowed us to fill out our team, setup a robust legal entity and build a fully functional product before launching a Coin. As a result, we have a proven track record and can offer a Coin that holds genuine utility.

Upcoming AMA

We will be fielding an AMA in our Slack channel on Friday (April 14) at 10am PDT to answer questions about the IMCoin launch. Hybrid protocol and whatever else you are interested in discussing. Make sure not to miss forthcoming announcements by following us on Twitter, Medium and Telegram!