How the ICO works
The Initial Coin Offering (ICO) is the springboard for transforming BANGK into a major player in digital finance. The aim is to fund the evolution from prototype to a robust MVP, then to a full launch and a constantly evolving platform that delivers innovation all the time. The funds will support essential licensing, marketing campaigns, research and development, and the evolution of the project. More than just a fundraiser, this is the foundation of a service that merges blockchain and ethical finance.
⌾ Objectives
With its ICO, BANGK aims to optimise the funds raised to advance several aspects of the project in parallel, rather than step by step. This will enable us to enter the market strongly, obtaining the necessary licences quickly and accelerating product development. During the first phase of the ICO, the emphasis will be on dynamic marketing campaigns and expanding the community to create an active project support group. At the same time, the prototype will evolve into a working MVP, with a beta version of the BANGK application expected in early 2025. The plan is to ensure European regulatory compliance and establish strategic partnerships, laying the foundations for the launch of the MVP and the future growth of BANGK.
⌾ Price strategy
The pricing strategy for the ICO aims to balance attractiveness and long-term viability. It has been designed to encourage early participation and long-term ownership of BANGK Coins, by offering significant benefits to early investors, such as a preferential price and additional benefits based on investment levels. This strategy aims to encourage a strong base of early supporters, whose early involvement can be rewarded as BANGK grows and evolves.
⌾ Caps
The soft cap has been set at €4 million, which represents the minimum threshold to ensure the viability of the project and enable potential fundraising from investors to accelerate growth and enable BANGK's ambitions to be realised. The hard cap has been set at 30 million euros, a figure that will enable the first stages to be completed and provide visibility over time without calling on traditional investors, thus preserving the basic ideology as far as possible and maintaining maximum control within the BANGK team and its community.
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