The exact amount of ATS you receive for 1 ETH invested will be determined after the sale ends. The amount will be determined by dividing the 100 Million ATS tokens to the total amount raised in ETH. All investors will receive the same price.
Please find below a calculation as to how many ATS tokens an investors receives for 1 ETH based on the amount we raise.
If we raise $7M (~21,000 ETH) , for 1 ETH invested you will receive 5,000 ATS
If we raise $5M (~15,000 ETH) , for 1 ETH invested you will receive 6,600 ATS
If we raise $3M (~9,000 ETH) , for 1 ETH invested you will receive 11,000 ATS
If we raise $2M (~6,000 ETH) , for 1 ETH invested you will receive 16,600 ATS
1 ATS will have a recommended starting trading price, through exchanges of $0.15 (15 cents), no matter what amount we raise.
Why we believe 1 ATS will have a minimum price of $0.15
There are a total of 100M ATS tokens. At a price of $0.15 , the total ATS Market Cap will be $15M.
As per CoinMarketCap.com , over 200 coins have a market cap above $15M. 200 coins out of the total of 1000 coins in existence have a market cap over $15M. This means that we only need to make it into the top 200 coins to be worth a minimum of $0.15
If we make it into the Top 100, the price will be 3-4 times higher.
Taking in consideration that our platform is completely unique, we run in a market where nobody competes with us, we have an ATS token with a real usage (thousands of authors will sell their books for ATS and millions of readers will pay with ATS for books), we dare to say, it’s pretty impossible we are not better than 80% of the coins out there!
Why we selected this calculation method for the ATS price:
The idea behind this is to stop overselling (a common issue of ICOs). This way, people will stop investing more money into the ICO after a certain point (say after we reach $5M) since they would not receive the same level of ROI if they do.
Our aim is to raise only an amount that allows us to build the platform; not 20 times more cash than we need. When one raises too much money, it does it on investors expense (the tokens will be overvalued, so you’ll see them go down in price instead of going up). By making sure we have that middle limit, we can be sure that both parties win (We, Authorship, can build the platform with the funds we received, and investors earn as well as the tokens can only increase in price thanks to the limited supply).