During the crowdfunding period, participants are able to accumulate cryptocurrency or ITO Utility Tokens by making a non-tokenised or tokenise pledge to the ITO. Pledges are extensively tracked in real-time using the ITO Ledgers to validate the authenticity of each transaction, while incentive accumulations are autonomously made available to participants until the pledge duration has been fulfilled or the tokenisation stage begins.
The progress of the crowdfunding period is algorithmically determined by the incentives accumulated from pledges by participants, capped at 58% of the total pledges. Once the accumulation cap has been reached, all remaining accumulations are tokenised and distributed using the ITO Utility Token [IUT] Smart-Contract. This process is referred to as "Tokenisation".
Tokenisation begins once the accumulation cap of 58% has been reached, indicating that the maximum amount of incentive accumulations have been accumulated by participants. Once the cap has been reached, the ITO Utility Token [IUT] Smart-Contract autonomously tokenises and distributes the remainder of accumulations in the form of [IUT] to participants.
Participants who accumulate ITO Utility Tokens [IUT] can use [IUT] to become an ITO Network VIP to receive community privileges, including early-access to future ITOs and exclusive discussion with the ITO Network team and fellow VIPs. IUT can also stored in a wide range of supported ERC-20 wallets or exchange between Bitcoin, Ethereum or USD on a variety of supported exchanges.