Slate (SLX)

SLX

Slate is an entertainment utility protocol based on the Slatechain algorithm. The Slate team plans to use the blockchain to deliver low-cost, high-speed and high-definition video worldwide, facilitate live event ticketing and allow users to acquire entertainment using the Slate token. Furthermore, Slate project will feature a compensation program between creators, producers, and distributors. Creators are compensated fairly and consumers get higher quality entertainment. Tickets purchased with Slate will be forgery-resistant, virtually eliminating fraud. Service providers holding Slate can earn even more by storing and delivering content.

Team:

• Michael Moyal: Co-founder.
• Marino Kulas: Co-founder.
• Cody Hackman: Co-founder.

Slate will be holding its ICO in two phases, the Pre-sale started on the 11th of May, 2018 and is expected to end on the 9th of June, 2018. The Main sale is planned to start on the 27th of June, 2018 and last until the 17th of July, 2018 or when the funding cap is reached. The ICO token supply represents 48% of the total token supply, so there will be a total of 456,000,000 tokens available, for 0.2 USD each during the offering. The ICO funding target is $20,000,000 USD, the funding cap is $116,000,000.

Token Reserve Split (52%):

• 21% Content Acquisition;
• 18% Slate Group;
• 7% Marketing;
• 6% Marketing;

Slate ICO will feature a bonus program and a bounty campaign, and the token will be mineable.

Bonus Structure (Main Sale):

• Tranche 1 $0.03
• Tranche 2 $0.0325
• Tranche 3 $0.035
• Tranche 4 $0.0375
• Tranche 5 $0.04