The sale will be staggered into tranches over a period of five months. Each month, 30 million tokens will be released for sale, resulting in 150 million tokens available in total.
The plan for the ARES token is to create demand and build value for the ARESCOIN. The ARESCOIN whitepaper says: “If 1000 new users who buy premium packages come to the platform, they will have to pre- purchase ARES on the exchange, increasing the demand for them.” To increase the value of the token, 50% of the profit generated will sold at a higher price than token holders’ coins.
What is the ARESCOIN?
ARESCOIN describes itself as a solution to the problems within financial transactions for companies and investors. These issues include a lack of liquidity, withdrawing and introducing large amounts and the constraints brought about by infrastructure. It says the problems are being dealt with using outdated technologies and there are long term problems associated with this.
As answer to these problems it offers borderless payment solutions for merchants and users globally with the four main services within its platform: ARES 2. - trading bots powered by artificial intelligence, the ARESX exchange, ARES Blockchain and ARESPay.
According to the roadmap on the ARESCOIN whitepaper, there will be a launch on exchanges in September 2018 but more recent reports state February 2019. The roadmap also highlights ARESPay will begin in March 2019 and ARESX the cryptocurrency exchange will start in January next year.
Nicholas Flint, head of digital programming at Starlight recently said in Digital Journal: “I am 100% certain that we will knock it out of the ballpark once again during our ICO round. It has been a marvellous journey so far and we are excited to see where this will take us.”
Early adopters of ARES include: brokerage business, FXPRIMUS, Primus Capital Markets UK and artificial intelligence company, AIBrain.
For more information on the ARESCOIN ICO visit: http://www.arescoin.io/