BitDegree lowers hard-cap ahead of token crowdsale

BitDegree has revised its hard cap ahead of its token sale, which starts on December 1, 2017. The revised hard cap is now set at $12.5m USD or approximately 30,000 ether (ETH).

BitDegree tokens (BDG) can only be purchased with ETH via the BitDegree smart contract. The price of 10,000 BDG is 1 ETH. We would like to remind you to take all safety precautions during the token sale.

All buyers who purchase BDG during week one of our token sale will receive a 15 percent bonus on tokens; week two, a bonus of 10 percent; week three, a bonus of five percent. No further discounts will be applied to any BDG bought after this initial three-week period.

BitDegree tokens will be frozen for up to two weeks after the end of the BitDegree token sale, or until the hard-cap is met.

Unlike the majority of ICOs, BitDegree believes that its success will largely be in the hands of its community. This community will be built by nurturing long-term trust between us, our token holders, and our partners. We do not believe in short, “easy wins”.

Because of the value we place upon community and our commitment to all token holders irrespective of their financial contribution to the BitDegree project, we have refused numerous offers from ‘whales’ who approach promising ICOs, and offer to buy a lump sum of tokens in exchange for huge discounts.

Shortly after the crowdsale has ended, ‘whales’ usually drop the tokens they have bought in exchange for a quick profit. Due to the large number of tokens being sold to ‘whales’ who then rapidly discard them, the value of the token drops significantly. This harms the token value, and harms the entire BitDegree community. As we pledged, we have not engaged with any ‘whales’, and we will not in the future.

By setting a limit, BitDegree believes that this inclusive approach will help transform crowdsale participants into BDG holders and lead to the creation and strengthening of the BitDegree community.