FOR ALL SOUTH AFRICANS
What was the ICO VIP Sale Offering about ?
The ICO VIP Sale was only available to the people with a valid South African ID. No foreign investors or institutions will be able to participate in this time – thereby giving every single South African an opportunity to get involved in what could potentially be a life-changing endeavour.
The launch price, minimum buy – in and maximum buy in of the COWRIE have been set low for this purpose.
The starting VIP Launch Price was 60 cents per COWRIE, the minimum buy in is R18 and the maximum buy in is R1 million. The maximum buy in also prevents dumping.
The ICO VIP Sale Offering began 18 July 2022 and has come to an end as the limited ICO VIP Sales COWRIE are sold out.
THE IMPORTANCE OF A VIP LAUNCH SALE
A substantial proportion of the FIAT proceeds of COWRIE will be directed toward community-based projects and The Community Upliftment Trust has been set up by Schindlers Attorneys for this purpose.
Accompanied with this, the COWRIE also chose to grant to all who sign up to buy COWRIE tokens, during the ICO VIP launch sale, the power to vote for the land whose communities they believe would benefit most from years of project funding.
Therefore, buyers of COWRIE in the launch sale had the unique ability to influence how The Community Upliftment Trust funds are proportioned to the different lands and their communities for development.
The Schindlers Attorneys Escrow account received and is holding and dispersing the FIAT proceeds of the sale to safeguard all South Africans who bought COWRIE during the VIP launch sale through the money back guarantee.