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Thor, which is a blockchain-powered gig platform for contractors and entrepreneurs has announced its token sale, starting at 00:00 GMT, March 12. Contributions to Thor token sale will be facilitated through the Token Sale feature in the Neon wallet.

The Thor whitelist has now opened, and will close at 20,000 signups. Participants can go to sale.thortoken.com to sign up. 

The public hard sale cap for Thor is set at USD $20 million and the total sold will not exceed 23 million tokens. 100 million tokens in total will be minted.

And there will be 3 rounds of funding for the Thor token. During these rounds, investors will get bonuses in the form of additional tokens.

Thor Sale Bonus Tokens

During the first round of funding, there will be a maximum of 10 million tokens issued. Buyers in the first round will get a 25% token bonus over 6 months, airdropped monthly at the conclusion of the token sale.

The second round of funding will have a maximum of 5 million tokens issued. Buyers in the second round will get a 10% token bonus over 6 months, air dropped monthly at the conclusion of the second round.

The last round of Thor funding will issue a maximum of 5 million tokens and no bonuses given to investors.

Individual cap

There will be a $2000 NEO and GAS limit for each buyer over the first 24 hours of the token sale. Thor claims that this will allow as many buyers as possible to get the early round bonuses, and to make sure that ordinary investors are not muscled out of the token sale by wealthier investors.

For more details on the announcement you can visit –
https://medium.com/thorco/thor-token-sale-announcement-c37e78aeab8d

For more information on Thor Token you can visit their website, Twitter, Telegram or Medium.

By Matthew North