Quinto S.A. Sponsorship (QSA) - ICO Details
Quinto S.A. Sponsorship ICO Summary
Quinto S.A. Sponsorship is bringing blockchain solution in the Events & Entertainment industry.
Their initial coin offering will be held from March 10, 2019 and investors will be able to buy it until August 1, 2019.
A total of 0 QSA will be created and 1,000,000 will be available during the coin offering.
QSA sale will be considered successful if their softcap of 0(USD) is reached. Please keep in mind that the sale could end before August 1, 2019 if the hardcap of 1,000,000(USD) is reached.
During Quinto S.A. Sponsorship ICO, investors will be able to buy QSA at 4.4924 USD per Coin/Token.
Get all the details about Quinto S.A. Sponsorship below and on Quinto S.A. Sponsorship Official ICO website
Quinto S.A. Sponsorship Project Info
Quinto S.A. (“Quinto”) is a provably fair gaming system, built upon the explosive growth in online gaming, particularly on mobile devices, and has created a streamlined system for the lottery, dice, and bingo games. Quinto’s Lottery and Bingo games are also 100% pari-mutuel and this allows Quinto to offer enticing jackpots within these games.
Our token is neither a security or utility token but designed as a sponsorship (event-driven backer) token. The majority (80.00%) of funds raised are kept in a cold wallet (“Escrow”) to ensure the ability to pay jackpot winners. However, Quinto will be purchasing event-driven insurance against the first QuintoBTC Lottery (based on fiat amount). Because of the volatility of Bitcoin, Quinto is unable to secure event-driven insurance based on Bitcoin.
Sponsor liability is reduced upon each wager within any game, and a fee percentage is charged to the jackpot pool based on the probability of a game for reimbursement to the sponsors. Sponsors will continue to receive percentages of each jackpot as an incentive until all jackpots become self-funding for two consecutive games.
100% of QSA token distribution is for sponsors, as there are no tokens reserved for staff or administrators. Use of funds is simplified – 80% is held in escrow for guaranteed jackpot payout and 20% is administrative use to secure additional jackpot insurance and finalize the development of our gaming software.
Quinto S.A. Sponsorship ICO Details
Quinto S.A. Sponsorship Stage Details
Quinto S.A. Sponsorship
|Token for sale||1,000,000|
|Token Price||4.4924 USD|
All back-end game coding completed and tested.Q4 2018
Start development of web-interface for games.January 2019
QSA ICO Tokens Introduced.February 2019
QSA Token Sales Begin • Launch Dice game (฿100.00 Jackpot).March 2019
Launch Scratcher Game • Launch Bingo games.April 2019
Secure Lottery Insurance ($5,000,000 or ฿1000.00) Launch • Lottery games (2-month purchase window for QuintoBTC Lottery).May 2019
QSA Token Sales End • Start development on a mobile interface.June 2019
First QuintoBTC Lottery Drawing with $5,000,000 guarantee (05 July 2019).July 2019
Release mobile version of games.September 2019