- The RPM will be available for purchase by the general public beginning October 15, 2017 through November 30, 2017.
The RPM will have a Pre-ICO initial value of $0.10 (US dollars) per token and $0.13 per token to the general public and share increase accordingly. Each RPM holder gets an amount of RPM coins proportional to the US Dollar value deposit into the Render Smart Contract System at the time of acquisition. Payment will issue RPM tokens 10 days after the crowdfunding campaign successfully ends.
Purchasers of the RPM will receive additional RPM tokens based upon the time of their acquisition during the ICO. The following incentive discounts apply:
- Pre-ICO- October 7 – October 14 (.10 cents per token)
- October 15 – October 24 (.13 cents per token)
- October 25 – November 2 (.16 cents per token)
- November 3 – November 11 (.19 cents per token)
- November 12 – November 20 (.22 cents per token)
- November 21 – November 30 (.25 cents per token)
Finally, once the issuing bank approves a transaction the business is notified of the approval. Separately, the issuing bank notifies the receiving bank of the availability of the funds.
Render Payment isn’t just another payment processor. Through Render Payment you receive:
- The opportunity of low cost merchant services for businesses in standard and high risk markets globally
- Access to one of the world’s most secure wallets
- A merchant processing solution with major online shopping carts as well as the world’s leading accounting packages
- Access to crypto-currency commerce and trade
Render Payment will set aside 25 million (25% of the total allocation) of the RPM tokens to be used to incentivize the adoption of the financial processing system. The bootstrapping of this processing system is a core component of the strategy and the long-term success of the system. It is expected that tokens may be used to:
- Support third-party developers and other third parties that support expansion and promote adoption of the ecosystem
- Distribute to resellers to promote and incentivize use and adoption of the financial processing system
- Support marketing and strategic partners who market and promote the tokens and the financial system
ICO Sale – will consist of 400,000,000 tokens. The price per token shall range from $0.10 – $0.25 per token. Adopters/Acquisitions – will consist of 250,000,000 tokens and shall be used for business development, both organic and through acquisitions. A portion of these tokens will be used to incentivize the adoption of our financial services (see RPM Promotional Tokens). Marketing – will consist of 150,000,000 tokens. Reserve Fund – will consist of 100,000,000 tokens and shall be used by the company as collateral required for the operations of its merchant services solution. These tokens will not be sold. Company – will consist of 100,000,000 tokens which shall be distributed to management and key development personnel and partners. These tokens shall have certain lock-up and leak-out agreements attached, depending on the level of management. ALL MANAGEMENT personnel will have a 12-month lockup agreement on any tokens allocated to them.