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The nOS platform has announced that its token sale will begin at 18:00 (UTC) on Monday, October 29th. nOS is a virtual operating system that will run on mobile and desktop, and functions like a browser and app store for accessing dApps. In the build-up to the token sale, more than 30,000 users registered for KYC/AML using the nOS dApp management application “nos.App.”

Of the 30,000+ registered users, 15,000 were selected randomly by lottery, which NEO News Today recently covered. Additionally, the nOS public token sale is completely regulatory compliant; the terms and conditions can be viewed on the nOS website.

The token sale will be comprised of two rounds. The first round will begin on October 29th, and conclude at 17:00 (UTC) on Thursday, November 1st. The second round is set to start immediately following the first, ending at 18:00 (UTC) on Thursday, November 8th.

The hardcap for the nOS public token sale has been set at US $10,000,000, and the user-based contribution cap is based on the user’s contribution tier:

  • Tier 1: 90,000 nOS
  • Tier 2: 45,000 nOS
  • Tier 3: 25,000 nOS
  • Tier 4: individual cap will be determined individually as KYC/AML is processed

In the first round, participants will be guaranteed the ability to reach their personal cap allocation prior to the deadline. Round two will be a first-come-first-serve, which will allow participants the opportunity to reach the overall personal cap of 90,000 nOS tokens, minus the tokens acquired in the first round.

Participants can view their contribution tier through the process listed at the following link:

https://medium.com/nos-io/nos-token-sale-begins-monday-october-29th-20-00-cest-a426d1e8aba1?123

The USD value of NEO and ETH will be pegged to a 10-day Exponential Moving Average provided by TradingView, a trading chart website. The 10-Day EMA will be determined at 14:00 (UTC) on Friday, October 26th.

For more information about nOS, visit the links below.