Apptrade is an OpenLedger project that aims to build a marketplace for investing in apps. App developers would use the network to connect with other developers, pool their apps together and create a federated public offering. Federated public offerings essentially operate like a fund, distributing dividends to investors from profits made from sales and royalties.
Investors would purchase unique meta-tokens from the app portfolios of their choice. Portfolio token holders earn dividends on a quarterly basis, paid out through a graphene smart contract in the form of Bitshares BTS.
The crowdsale involves the APPX Master Token, which represents a share in the Apptrade marketplace. Ten percent of profits made from every app portfolio on the network will be diverted to a Master Token fund which will be used in a system-wide buy back of Master Tokens one year after the network launches.
Role of token: APPX will represent rights to dividends.
Token Supply: Will be determined by the amount raised
Amount Distributed in ICO: 100%
Emission Rate: No more tokens will be created following the crowdsale.
Alpha release date: Late 2017
Pre-sale period: February 12th 2017 to February 28th 2017
Sale period: Begins February 28th 2017
Token distribution date: Temporary tokens will be distributed once the sale ends which will be tradable for APPX tokens one year after platform launch.
Minimum Investment Goal: $1 Million
Maximum Investment Cap: $5 Million
Escrow: Yes, escrow services provided by BraveNewCoin