[ Community Choice ITO 6 ] —— Entropyfi

Crowd wisdom machine Entropyfi submitted an ITO application. Entropyfi has passed the preliminary review after the ITO Review Committee’s thorough examination and sufficient communication with the project. The voting result from the $MASK community will decide whether Mask Network supports this ITO.

The Snapshot vote will last for 36 hours, all $MASK holders could vote “Yes” or “No” on this ITO. The quorum is 100,000 $MASK (the vote is not valid until there are at least 100,000 votes), with a more than 66.67% approval ratio.

What Is Entropyfi?

Entropyfi is a crowd wisdom machine built on the lossless prediction market. Prediction market has long been theorized as a way to extract the wisdom of the crowd, yet none has succeed at scaling the process. Entropyfi differentiates itself with its lossless prediction market, which removes the financial disincentive that penalizes users who make wrong predictions. Instead, Entropyfi utilizes the yield on deposit pool to reward winners.

With a better aligned financial incentive design, Entropyfi is able to scale the prediction market and provide more reliable and scalable crowd wisdom sourcing machine. Entropyfi’s goal is to make the crowd wisdom accessible to the everyone, such that novel financial derivatives could be built on top of Entropyfi.

Website: https://entropyfi.com/

What is $ERP Token?

$ERP token is the governance token for Entropyfi. $ERP token is also rewarded to users for providing liquidity and sponsor deposits into each prediction market.

Public Sale Valuation

Public Round Valuation: $50,000,000 Number of tokens in circulation: 1,000,000,000 Price per Token: $0.0500

Entropyfi ITO plan

Round 1: Total value: $100,000 Limit Per Address: $2,000 Price per $ERP: $0.05 Accepted contribution: USDC Issuance Network: Ethereum $MASK balance at purchase: ≥500

Round 2: Total value: $​​100,000 Limit Per Address: $1,000 Price per $ERP: $0.05 Accepted contribution: USDC Issuance Network: Ethereum Whitelist: 200 randomly drawn from AMA attendance

Notes

1. The participation of the tiers are not mutually exclusive. For example, user participating in Round 1 sale might also participate in Round 2 sale.
2. Round 1 whitelist addresses will be collected in a random snapshot
3. Round 2 whitelist addresses will be collected from ITO AMA event and addresses will be drawn randomly. The allocation will be on a first-come-first-serve basis.
4. The unsold tokens from the previous rounds will be carried over to the next round. For example, if Round 1 raised $50,000, the $50,000 worth of $ERP tokens will be added to Round 2 for sale.
5. The sold tokens will be claimable SEVEN days after the end of sale.
6. The right of final interpretation is reserved to Entropyfi and Mask Network.