Pre-sale token price was 1 ETH = 30,073 ZIPT. Private sale token price was 1 ETH = 5,000 ZIPT for all contributors, which can decrease down to 1 ETH = 12,500 ZIPT for strategic contributors who hold their tokens for 10 months. There are several reasons for the pre-sale and private sale price difference:
- Market interestThere has been a very large increase in interest towards Zippie since late 2017, the late stages of our pre-sale. As we want to reserve large enough token allocation for ecosystem development for the years to come, and have reserved a limited amount of Zippie tokens for main sale, due to the increased demand we had to set our token price to a new level to accommodate contributor demand. Zippie is building an ambitious Web 3.0 OS project, and the new pricing sets Zippie on par with other ambitious projects and their token sales.
- Increase in ETH price & crypto market capWe started the pre-sale in the end of November 2017, when ETH was at $458. When we started the private sale in mid-January, ETH was close to $1400 – a 3x increase. Consequently, valuations of most Ethereum projects (and crypto projects in general) skyrocketed. Remaining at close to our pre-sale valuation would have left us massively undervalued compared to the rest of the market.
- Early contributors take the biggest riskSimilar to startup funding, first contributors will always take the biggest risk as there’s many unknowns related to the project. We believe that early believers, of which the first ones backed us already in November 2017, should be rewarded for trusting us in the very early stage of the project.