Use of sale proceeds
Areas of funds allocation:
- Project Development and Marketing funds will be used to cover operational costs (contractors, salaries, services), for strategic development of the project and marketing campaigns (see “Development Vault”). These numbers are calculated for 24 months of the project development with consideration of hiring new staff.
- $200,000 will be used to provide liquidity at the TGE and $100,000 will be used for Market Making.
- Approximately $100,000 will be used for marketing in the months before and after TGE.