Cardium ICO and Token Sale Review
Cardium is bringing health and fitness to the blockchain in a huge way. By establishing an entire ecosystem around physical activity and rewarding people’s fitness efforts, the project aims to improve global health whilst providing an equal distribution of wealth through its currency and platform.
About the Project
The main goals of the Cardium project are to solve the ever-increasing problem of cardiac related disease. Growing levels of obesity and a lack of motivation and incentive to exercise are big factors in this. Subsequently, heart disease and related issues are on the rise.
Cardium proposes to develop a token based solution to these issues. By creating an ecosystem where each person can mine and receive CAD tokens through their physical efforts in the gym or other places which will circulate and be used within the system and affiliated gyms and fitness trackers, Cardium hopes that more and more people will be enticed to take up a life of health and fitness.
They will also spread wealth throughout the community by engaging with industry companies to create well-established network where tokens can be exchanged for real-life benefits.
Lastly, the company pledged $1 from each fitness tracker they sell will go toward a charitable organization, helping to put community at the center of its ecosystem.
The Pre-ICO is set to begin on April 16th with a well-developed bonus structure in place. Investments within the first 2 week period of the pre-ICO will be eligible to receive a 30% and 20% bonus respectively.
The mainsale ICO begins on June 1st and runs through the entire month of June. During this period, the bonus offered will progressively reduce between 15% and 5% depending upon the time of purchase.
The regular, non-discounted price of the token will be $0.25 per 1CAD. The project has a softcap of $5,000,000USD and a hardcap of $30,000,000USD.
The only accepted currency for investment will be Ethereum and residents of both the United States and South Korea will be prohibited from participating.
The token will be known as CAD and there will be a maximum supply of 475,372,000,000 according to the project whitepaper. Only 120,000,000 of these tokens will be available during the ICO with the vast majority (99.96%) being mined by users in the future as part of the platform model.
- Start Date2018-06-01
- End Date2018-06-30
- Payment MethodETH
- Total Supply120000000
Rates & Bonuses
- PreIco - 30% to 20%, ICO - 15% to 5%