The Spindle is an investment/asset management platform for virtual hedge funds and ICOs based on blockchain and smart contract technologies. The platform will allow any individuals and corporate entities to invest in cryptocurrency hedge funds and/or ICOs using the Spindle application (SPA). Furthermore, the SPA will enable communication via open and closed forums for holders of Spindle’s cryptocurrency (SPD) and the various investment bodies previously mentioned.
The Spindle token (SPD) is an ERC-20 compliant token that will be used as the utility token on the platform.
The Spindle is holding its ICO in two phases, the private pre-sale, which took place in March and the main sale. The main sale is set to start in 21st of April 2018 and is expected to end on the 7th of May. The ICO token supply represents 65% of the total token supply, so there will be a total of 6,500,000,000 tokens available, for 0.00033 ETH each during the offering. The ICO funding target is 60,000 ETH, the funding cap is 1,581,000 ETH and is expected to end on the 7th of May, 2018 or when the funding cap is reached.
Token Reserve Split (35%):
Spindle ICO will feature a bounty campaign, and the token will not be mineable.