Friend Network ICO/TGE update #1

Friend Network ICO/TGE update #1

After some crazy weeks with a sharp learning curve, we see that we must do some adjustments in our initial plan to ensure everyone gets the most out of it.

 

Timing

We have realized that our ICO is unique as we are running the first ICO from Norway. We are doing our ICO with advice from EY (former Ernst & Young) and in cooperation with the largest bank in Norway, DNB, and in full open dialogue with the Norwegian financial and tax authorities.
We want to export the Norwegian values of integrity, transparency and trust as these are highly compatible with the intent of the blockchain technology and community.
We want to make sure that everyone in the world gets our message and has the time to understand our project before we close the possibility.

Hence, we are holding the pre-sale open until it is full: 3 334 ETH

We are setting new dates for the Token Generating Event:
StartBlock 16th of April 2018 at 09.00 CET
EndBlock 16th of May 2018 at 15.00 CET – or Max ETH.

Change of token symbol

Our initial plan was to use the symbol FNT to describe our token. After receiving feedback from you guys – we are changing it to FRND as we consider this is friendlier and suits us better.

Minimum contribution amount

The interest of our pre-sale has been tremendous, and our community is growing every day. Initially, we started off with a minimum contribution amount of 1 Ether. After receiving feedback from our community, we see that this may exclude some of our most important contributors. We wish to be as open and inclusive as possible. Whether you have been in the crypto space for a long time, or are just starting out, we want you to be part of this journey with us regardless of how much you are willing or able to contribute.

Hence, we are changing the minimum contribution amount to 0.1 ETH.

Bounty program

Finally, we want to include our community more operationally. You guys have shown on numerous occasions that you are experienced, talented and very motivated. We are therefore starting an exciting and dynamic Bounty program, where our aim is to give you the opportunity to earn FRND tokens by helping us spread the word about Friend, and get people to find out about us through your favourite social media channels. We also ask you to assist in many other ways such as translation.

Here we are trusting the Blockchain community to make us great!