Cofound.it
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Cofound.it Priority Pass™: Lessons learned and rewarding loyalty in future crowdsales

Cofound.it Priority Pass™: Lessons learned and rewarding loyalty in future crowdsales

The first two crowdsales that used the evolved Cofound.it Priority Pass™ are now behind us. As promised, we would now like to share with you what we learned during these two crowdsales and what changes we are making to reward Priority Pass loyalty and engagement.

The evolution of the Cofound.it Priority Pass™ that we announced after the Santiment crowdsale met the goals we wanted to achieve: a wider distribution of supporters and better access to the pre-sale phase of the crowdsale.

However, new challenges arose:

especially engaged supporters had to resort to tricks to raise their individual contribution limit in the pre-sale, traders could buy CFI just before the priority check block, then sell their tokens immediately after, causing price volatility, and actual contributions to previous crowdsales did not affect future limits.

To address these challenges, we are now making some additional changes to the Priority Pass, starting with the DA Power Play crowdsale next week. The formula for calculating your individual contribution limit for Phase 1 will now scale linearly with the amount of CFI held in your wallet, eliminating the need for splitting your CFI among wallets.

The formula for calculating individual contribution limits in Phase 1 of the pre-sale is now linear

The exact contribution limits depend on the token distribution at the time of snapshot, but it should start around 4 ETH for 5,000 CFI, then rise linearly with the amount of CFI held in wallet you linked on the Priority Pass dashboard.

After the DA Power Play crowdsale, we will also consider the following factors when calculating your individual contribution limit for each pre-sale:

the average amount of CFI tokens in the wallet and the length of time the tokens are held; the amount of ETH contributions sent to previous Cofound.it crowdsales; and we are ...
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