Robotina Initial Coin Offering Review - Part I
Robotina ICO overview
Robotina is aiming to change the power sector with their exclusive concept of combining some of the state of the art technology with the blockchain. Only a few companies are working in energy sectors but Robotina is a step ahead due to the lethal combination of an internet of things and artificial intelligence with blockchain technology. Robotina, with their AI based smart grid platform and IoT device called EMS, can save user up to 30% of total energy consumption while lowering their energy bills. With their revolution concept and service, Robotina has finally launched their ICO to raise funds for further development and it seems quite promising and potential one. Let’s hurry through the basic details regarding Robotina ICO.
Initial Coin Offering Dates
Likewise typical ICOs, Robotina has also planned two rounds to distribute their tokens (called ROX) by presale and main sale. There is no information regarding whether they held any private sale or not.
Presale is already over. It was started on Feb 21, 2018, 14:00 UTC with the aim of Presale cap - 15,500,000 USD. And if the goal is achieved earlier the presale would be closed. The sale ended on Mar 21, 2018, 13:59 UTC. During the presale single ROX token was worth $ 0.04848219265 inclusive 10% bonus. One had to invest a minimum of 0.5 ETH in order to be part of the presale.
Main ICO or crowd sell is still going on which is started on Mar 21, 2018, 14:00 UTC with the price of 0.05 USD = 1 ROX. It is also distributed in two tiers. Tier 1 user will get the benefit of 5% bonus during and aimed to reach $7000, 000 cap. While tier 2 is aiming to reach 6,025,000 cap. Both of them will come to end on Apr 30, 2018, 13:59 UTC.
ROX token supply
ROX token is the native currency of the Robotina platform based on ERC20 – Ethereum blockchain. The token is utility type which can be used on Robotina platform for their services and products. According to Robotina white paper, there will be total 815,000,000 ROX token out of which 733,500,000 will be in circulation.
70% of the token will be distributed to ICO investors and supports while 10% are reserved for team members and advisors. Another 5% will be reserved for angel investors, 3% for bounty reward, and 7% for marketing and promotion. Rest of the 5% will be used for miscellaneous purposes. It is worthy to note that all involved in ICO will have their tokens locked up for a year in order to avoid overflowing the market with ROX tokens before secondary ROX market is fully developed.
Team and Whitepaper
According to the number of experts who have viewed and deliberate over the project team and white paper, the concept is quite a revolutionary and the team is pretty capable of bringing the concept to the life. The white paper is crystal clear and it shows how Robotina will solve various problems associated with current energy service companies. They are also supported by popular partners such as Panasonic and their R & D teams have successfully filed seven patents.
The Robotina ICO seems quite promising and has the huge potential not only for investors but also for the future of humankind.
Massive Thanks to Robotina for making this article possible! Check out their Twitter or Facebook Page to ask more about their project! And check out for the part II of this review!