An Initial Coin Offering (ICO) enables funding of projects through the sale of tokens. Investors and Supporters of the project can purchase them through an Initial Coin Offering (ICO) transaction with fiat (say, USD or Euro) or cryptocurrencies (like Ethereum). An ICO usually sets a goal for the fundraise and a period of time to reach that goal.

You42 is the world’s premiere social entertainment platform designed around an ecosystem where creators can engage with fans like never before. You42 is a web application built in HTML5 and accessible through any browser, on any device, anywhere.

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Issued and transacted on a public blockchain, the U42 Token is a service token that is used to purchase advertising in a per-use or per-display model based on a rate set by the platform at the time of purchase. The token is based on the Ethereum ERC-20 token standard.

U42 Token holders can place advertisements on the You42 Platform by using a compatible Ethereum wallet to access the U42 Token smart contract and transfer tokens for services. Top-ranking content creators on the You42 Platform receive U42 Tokens as a result of their contributions to the platform. U42 Tokens can also be used to purchase Ucoins, which can be used inside of the You42 Platform to interact with other content creators.

Pre-Sale: April 23, 2018*

Public Sale Opens: July 2, 2018

Public Sale Closes: August 31, 2018

Ticker: U42

Token type: ERC20

ICO Token Price: 1 U42 = 0.50 USD

Fundraising Goal: 50 million USD

Total Tokens: 525,000,000

Available for Token Sale: 60%

Know Your Customer (KYC): YES

Token Ineligibility: Mainland China & South Korea

Accepts: ETH

Token Issue: Upon Close of the Public Sale

*Accredited investor sale

Tokens Distribution:

• ICO Tokens: 60%
• Network Growth: 30%
• Operations: 10%

• Market Expansion 79.5%
  Funds will be used to build of an internal team of developers that will fully roll out, maintain and scale the You42 platform, license professional and semiprofessional digital entertainment content (music, video, games, etc.), and support operational activities that will contribute to the platform’s mission. Further, resources allocated to marketing and PR for the platform will focus on building the You42 brand and executing a competitive user acquisition campaign to grow the network and user base.

• Administration/Operations 20.5%
  Legal, security, accounting, and other administrative and operational costs associated with the launch of the U42 token and You42 platform. Some of these costs include debts accrued during the development of the You42 product prior to the launch of the U42 token.

No. The token generation event will create 525 Million U42 Tokens. No more tokens will or can be generated or mined. Further, we will burn any unsold ICO allocated tokens.

The platform will be live and accessible at the close of the ICO.