The awaited tokensale for the DApp platform NEAR Protocol has been postponed by 24 hours after CoinList – the exchange hosting the offering – went down around the scheduled launch time.
Earlier scheduled for 10 am ET on 11th Aug., the tokensale was postponed by 24 hours after CoinList was deluged by expectant traders. Its Twitter account received a flood of complaints from trader’s who had planned on participating within the offering.
Disgruntled purchasers compared the debacle to similar outages experienced within the platform’s primary token sales conducted during 2017. However, despite large numbers complaining they were unable to access the platform, screenshots posted on WeChat suggest that some participants successfully invested in NEAR.
The token sale is now slated to proceed on 12th Aug. at 10 am ET, and will comprise the ultimate NEAR offering before its mainnet going live.
Participants can prefer to invest in 3 different available tranches of tokens – with the primary option offering tokens with a 40-day holding period for $0.40 USD each, alongside batches of coins scheduled for a linear release over 12-months or 24-months from the mainnet’s launch priced at $0.34 USD and $0.29 USD respectively.
The first tranche is capped at 25 Mln tokens, with the general sale limited to 100 Mln tokens in total. It’s available to accredited investors outside of the U.S., China, Belarus, Cuba, Congo, Iran, Liberia, Myanmar, Sudan, Syria, and Zimbabwe.
The NEAR token sale’s false start follows an otherwise strong year for CoinList offerings.
Earlier in May, CLabs raised $10 Mln toward the event of its blockchain network Celo within a recent dutch auction that sold out within 12 hours. The offering saw participation from 509 investors based in 62 nations. In March, Solana’s $1.76 Mln dutch auction also sold out on CoinList.