PrepayWay – Token Sale

InBit Demand

InBit tokens are required to access and activate Smart Contracts.

As long as the Smart Contract remains in force and effect, the service fee paid in tokens is locked as part of the Smart Contract.

The more Smart Contracts are in use at any point in time, the more tokens are locked.

The number of InBit tokens frozen at any point in time has a direct correlation with the demand for our Smart Contracts.

InBit Token
Demand Key Factors

Demand for the services delivered by PrepayWay Blockchain Ecosystem.
Development of a proprietary blockchain.
Growing volume of transactions concluded in InBit tokens.
Expansion of PrepayWay Blockchain Ecosystem by attracting businesses from multiple industries and regions.

InBit Supply

Phase 1:

Token Generation Event

The Token Generation Event will be conducted in compliance with KYC/AML regulations. Citizens or residents of USA, Switzerland, and restricted jurisdictions are not eligible to participate in public sale.
The limit on the amount of tokens for sale is set on a per-jurisdiction basis.
Supply limit: 1 276 363 635 InBits*
Sale hard cap: 5 000 000 EUR

*The limit imposed on the number of tokens issued during Phase 1, before the PoU algorithm is triggered and Phase 3 starts.

Sale limit
650,000,000* InBits

Company reserve
390,000,000 InBits

Advisors, community
137,878,787 InBits

Team
98,484,848 InBits

* Including private and presale discounts.

Phase 2:

Adoption

InBit tokens are required to use
PrepayWay Blockchain Ecosystem.
No more tokens will be issued after Token Generation Event until the PoU algorithm is triggered (Phase 3).

Trigger for Phase 3

The value of the InBit tokens locked in smart contracts exceeds 100 000 000 EUR.
No more tokens will be issued after Token Generation Event until the PoU algorithm is triggered (Phase 3).

Phase 3:

Proof-of-Use (PoU) Algorithm

for emissions
for distribution

The Proof-of-Use (PoU) algorithm will be activated as soon as the value of services provided by the Ecosystem, measured in InBit tokens, exceeds the value of 100 000 000 EUR. The PoU (as described below) will be implemented only upon migration to the proprietary blockchain.

The primary purpose of new token releases is to tame bouts of price volatility stemming from normal token market activity. Preventing extreme price swings benefits the long-run development of the Ecosystem by providing predictability in the cost structure of the traded services.

Building on the latest insights from Mechanism Design, our Proof-of-Use algorithm is developed to offer a decision-making process that balances all the users' interests. For example, PrepayWay may propose new token emissions but the ultimate decision lies with the Ecosystem participants who may either accept or reject such proposals in transparent voting sessions.

The hard cap for the additional token emissions is set at the amount equal to the amount of tokens released during the TGE.

TGE Overview

The Token Generation Event will be conducted in compliance with KYC/AML regulations. Citizens or residents of USA, Switzerland, and restricted jurisdictions are not eligible to participate in public sale.

The limit on the amount of tokens for sale is set on a per-jurisdiction basis.

* The InBit token is an ERC-20 utility token. When the Proof-of-Use (PoU) mechanism is launched and the proprietary blockchain is developed, the initial ERC-20 tokens may be swapped for tokens of the PrepayWay proprietary blockchain.

TGE key numbers
Token type	Utility
Token standard	ERC-20. May be swapped at a later stage.*
Token generator(s)	PrepayWay AG subsidiaries
Initial InBit price in TGE	1 InBit = EUR 0.01
Sale hard cap	EUR 5 000 000
Sale soft cap	None

Distribution Overview
Sale limit	650,000,000* InBits
Company reserve	390,000,000 InBits
Advisors, community	137,878,787 InBits
Team	98,484,848 InBits
Total Supply Limit	1,276,363,635 InBits

* Including private and presale discounts. Unsold tokens intended for sale will be burned. The other numbers are fixed (not decreased proportionally).

Vesting Policy

To align the interests of token sale participants and team members and prevent the concomitant sale of a large number of tokens, the following restrictions will be imposed on the holdings of large buyers and PrepayWay team members:

50% of the InBit tokens allocated to the team will be vested/locked in smart contracts for 2 years;
25% of the InBit tokens allocated to the company reserve will be vested/ locked in smart contracts for 1 year;
25% of the InBit tokens allocated to the company reserve will be vested/ locked in smart contracts for 2 years;
For contributors of more than 100 000 EUR, the following vesting schedule applies (applicable rate: 1 InBit = 0.01 EUR):

25% of the amount exceeding 100 000 EUR vested for 6 months
25% of the amount exceeding 100 000 EUR vested for 12 months
25% of the amount exceeding 100 000 EUR vested for 18 months
25% of the amount exceeding 100 000 EUR vested for 24 months

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PrepayWay AG | Haldenstrasse 5, 6340 Baar, Switzerland

PrepayWay Systems Estonia OÜ | Lõõtsa 8, 11415 Tallinn, Estonia

Phone: +372 5375 1047 | Email: [email protected]

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PrepayWay AG is a Swiss fintech holding developing a blockchain ecosystem that simplifies and streamlines international collaboration, contracting, and payments for companies across multiple industries.