Press releases
Kala Token ICO’s First Phase Sells Out in Just 4 Hours, Raises $7.5 Million – Here’s Why…
Bitcoinist | Nov 29, 2017 | 15:30
Lehi, UT – Symatri, LLC, Launched the Kala ITO pre-sale Monday morning and their first group sold out in just over four HOURS.
750 million Kala tokens were sold at $.01 per token. In a flurry of activity, 1,562 people took advantage of the pre-sale rate and an impressive $7,500,000 was raised.
Group 2 is now officially launched at $.02 per token. There will be 1.5 billion available in this group. After group two sells out, the rate will go to $.03. Pre-sales will continue through Nov. 30, and public sales will open Dec. 1 at 11:00 a.m. MST.
So what’s all the excitement about?
Simplicity is the key. To start: it’s very easy to earn Kala tokens after the ITO. Anyone with internet access can earn Kala with Symatri’s unique way of “mining” through Proof of Effort, rather than Proof of Work or Proof of Stake. This makes the token accessible to the masses.
People earn points by completing activities like taking surveys, testing products, downloading apps, etc. through Symatri’s CORE platform, then transfer those points into Kala. There’s no roomful of servers, no expensive buy-in to mining pools. It doesn’t take special knowledge or equipment. In fact, anyone with a computer or smartphone can participate.
300,000 Members in 140 Nations Already Use the CORE Platform
Next, unlike many cryptocurrencies which are created for technology or projects that are still being developed, Kala will integrate within an already existing ecosystem with more than 300,000 members in over 140 countries. Symatri’s CORE platform and marketplace are being used, tested, and improved before integrating Kala. In fact, people can already participate before the first Kala Token is even issued.
Immediate Inherent Value
Finally, what makes any medium of exchange valuable is whether or not owners can use it to for real-world transactions. Kala will have value from the onset because shortly after issuance Kala users will be able to purchase discounted products, services, and gift cards through Symatri’s online marketplace.
Symatri chose to build Kala on the ERC20 specifications of the Ethereum blockchain. This allows Kala to take full advantage of the benefits of the Ethereum network and will make it easier to add to exchanges.
After the close of the ITO, the sold tokens will be issued. Those who participate in the ITO will be ready to use Kala as soon as it’s fully integrated into the Symatri Ecosystem. Kala will be fungible, transferable, and expected to trade on exchanges. In addition to using Kala to purchase items online at Symatri’s marketplace, Kala owners can take advantage of the fluctuations in value that is a fundamental characteristic of all cryptocurrencies.
For more information on Kala, the ITO, to sign up for early access, and to view the full white paper, visit https://kalatoken.io/
About Symatri, Inc.
Symatri connects the multi-billion-dollar Mobile Apps, Products, and Service Industry with individuals participating in social media around the world, in a simple and mutually beneficial ecosystem. Under a different name, Symatri developed a platform that can be white-labeled and launched it within one niche demographic with tremendous results.
That one simple concept has now blossomed into a worldwide movement, with more than 300,000 Members in over 140 countries. With the launch of Kala, Symatri will expand into multiple channels to provide opportunities to participate around the world.
For more information:
Whitepaper: https://kalatoken.io/white-paper/
Two Page Executive Summary: https://s3-us-west-1.amazonaws.com/kalatoken/Kala+ITO+executive+summary.pdf
YouTube Video: https://www.youtube.com/watch?v=NXuXM_MyT0I
Linkedin Company page: https://www.linkedin.com/company/symatri-llc/
Facebook Page: https://www.facebook.com/officialkalatoken
Images courtesy of Kala
