Website

AngelBlock (THOL)

ICO

Last updated: Feb 10, 2023

AngelBlock is a DeFi, protocol-based fundraising platform at its core, that is decentralized and non-custodial.

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Overview

Project industry	Blockchain Infrastructure
Product type	Protocol
Whitepaper	Open

What is AngelBlock

AngelBlock is a DeFi, protocol-based fundraising platform at its core, that is decentralized and non-custodial. Our underlying smart contract infrastructure is built on Ethereum, with the short term objective of building out on other EVM compatible protocols to facilitate a multi-chain world of fundraising for the next phase of growth in Web 3.0.

Our goal

Apart from democratizing fundraising in Web 3.0, our goal is to create a compliant industry standard for token-based raises going forward, that is geographically-agnostic, safer, and more transparent than what is currently available on the market.

How do we plan to achieve this?

Implementing MiCa / EU regulatory guidelines into the AngelBlock protocol procedures in the short-run, validated through a due diligence process and having investors go through KYC (above a specific capital threshold). We have longer term plans to do the same in the US if, and when, the regulatory environment allows for it.

Incorporating milestone-based voting by investors post-raise to establish guidelines for startups on the required deliverables to receive funding and the terms of the raise.

Plugging in reporting tools (ie Messari or similar) to enable timely financial reporting to startups and investors – the accuracy of data will be the startup’s responsibility.

Decentralization of the protocol by incentivizing validators through our token economics to do due diligence on startups and ensure governance proceeds accordingly.

Leveraged community building for us and startups we will be listing, ranging from DAO formations to tool and infrastructure accessibility.

Allowing founders and crypto projects access to our on-chain vesting, cap table management, and token distribution tools, making the process safer, more transparent, as well as efficient (approx. 20% of tokens from sales are sent to a wrong address or in the wrong amount).

Details

Public sales: Feb 15, 2023 - Feb 16, 2023
Token supply: 400,000,000 THOL
Total tokens for sale: 140,310,000 THOL
Soft cap: 1,400,000 USD
Hard cap: 10,100,000 USD
Raised: 4,200,000 USD

Legal

Registration year: 2021

Token info

Ticker: THOL
Type: Utility-token
Token standard: ERC-20
Token price in USD: 1 THOL = 0.1 USD
Accepted currencies: BTC, ETH, USDT, USDC, AZERO
Token distribution:
Private Sale - 29%
Treasury - 32%
Team - 15%
DEX Liquidity Pool - 14%
Advisors - 1%
Partners - 2%
NFT Airdrop - 0.5%
Staking Rewards - 6%
Funds allocation:
Development & Security - 38.0%
Marketing Business Development - 15.0%
Reverse & Overhead - 10.0%
Operations & Management - 17.0%
Treasury - 20.0%

AngelBlock Roadmap

Q3 2020

Concept for AngelBlock created
Market research and competition analysis
Business Plan developed
Legal analysis and jurisdiction research
Seed Round conducted and initial funding secured

Q4 2020

Work on AngelBlock
WhitePaper begins

Q1 2021

Jurisdiction for legal entity chosen
Partnership with law firm established
Preliminary analysis of business model and viability conducted
Hiring of core team

Q2 2021

PoC and MVP works begin
Legal entity formed on BVI
Acquiring bank accounts

Q3 2021

Initial talks with Private Sale investors
Hiring of core team
Launch of v1 Landing Page
Onboarding of AngelBlock Advisory Board
Hard Cap of Phase 1 “Friends and Family” reached
Branding
AngelBlock WhitePaper v1.0
Angel Block v1.0 & v1.1 (Proof of Concept)

Q4 2021

Trademark registration
Drafting legal and technical frameworks of token and equity fundraising through AngelBlock

Q1 2022

AngelBlock public reveal. Starting Twitter, Discord and Telegram channels.
Start of Phase 2 of Tholos Token fundraise for "External Larger Contributors & Institutions"
AngelBlock v.1 - redesign of the platform
AngelBlock NFT - initial smart contracts, graphics and minting page
Demo of the the AngelBlock platform
Launch of v2 Landing Page

Q2 2022

Launch of AngelBlock and NFTs media and marketing campaigns
AngelBlock NFT - final version of smart contracts, graphics and minting page
Smart Contracts for NFTs Audited
Mint of first batch of NFTs
Starting work on legal framework to accept users form USA
Start of active acquisition of users: investors and startups
Redesign of Tokenomics
Redesign of governance and defi functionalities of the v1.0 Platform

Q3 2022

AngelBlock White Paper v 2.0
Smart Contracts for AngelBlock platform audited
Launch of AngelBlock v.1. platform with core products and functionalities
Start of Community Phase of Tholos Token fundraise
Smart Contracts for Tholos Tokens audited

Q4 2022

Token Generation Event
Introduction of $THOL and NFTs staking
Start of the Tholos DEX Liquidity Pool
Tokens distributed according to allocation and lock-up periods
Mint of second batch of NFTs
Initial talks with CEXes begins
Introduction of post raise voting mechanism securing investors
Raising funds for first startup

Q1 2023

Integration of other L1 on the AngelBlock platform
Introducing Job search feature connecting startups with potential employees

Q2 2023

Introduction of wTHOL - incentivization asset acquired from AngelBlock Treasury for activity and participation by most active users
Introduction of pre-invest incentives for users to engage them in the development of the platform and support of startups
Mentoring Network
Works on AngelBlock Secondary Marketplace begins
Introduction of xTHOL - a governance token. Transition of the platform to fully decentralised and self-governed model begins

Q3 2023