Development Contributions for the æternity Blockchain

We are pleased to announce the details on how to contribute to the development of æternity blockchain! In the contribution process, AE tokens will be created and distributed to the contributors.

In order to achieve the highest possible security, transparency and simplicity, æternity uses simple smart contracts (multi-signature contracts) on Ethereum in order to collect the ETH contributions and manage them.

TRANSPARENCY WINS

Another goal of this campaign is to get the global community involved as soon as possible, in order to foster the growth of the æternity ecosystem. We want to be as decentralized as possible, and don’t want to exclude anybody who believes in the technological proposition of the æternity blockchain, and who wants to support its development. We believe that this is essential for long-term growth.

As a result the contribution campaign will be split into two phases.

Phase 1 – Public “Friends, Family and Real Innovators” Round

Starting on April 3rd, 13:05 GMT and lasting for 3 days [72 hours] until April 6th, 13:05 GMT. During this period, 1 ETH contribution will receive 1000 AE tokens. Anyone can participate!

Launch bonus for phase 1: 100 (hundred) AE bonus per 1 ETH sent in the first 24h!

Phase 2 – Public “Early Adopter” Round

Start: May 29th, 13:05 GMTnDuration: 3 weeks

Week 1: 1 ETH contribution receives 750 AE token.nWeek 2: 1 ETH contribution receives 700 AE token.nWeek 3: 1 ETH contribution receives 650 AE token.

Launch bonus for phase 2: 50 (fifty) AE bonus per 1 ETH sent in the first 24h!

Direct contributions are possible with ETH and BTC. For contributions with fiat, please get in touch with our partner Bitcoin Suisse. In order to participate, go to wallet.aeternity.com.

Do not send from exchanges.

Make sure you know (or can easily find out) the private key of the wallet you are sending your contribution from.

For detailed information on how to contribute, please refer to the bitcoin and/or ether guides.

All contributions happen in a publicly transparent and tamper-proof way (‘public receipt’) on the Ethereum blockchain. After the contribution campaign, the AE token will be created based on the public receipts. 82% of the initial æternity AE tokens will be distributed to the contributors. 1% will be allocated to people who hold BTC or ETH, accessible soon after the æternity blockchain launches. This means, that everybody who holds BTC or ETH will also automatically become an AE holder, with a very small amount (technical limits might apply – no dust). A standard multisignature contract on Ethereum, 17% will get allocated to Aeternity Anstalt, the foundation and the founding team. The AE tokens for the team will be time-locked.

For security, please, do NOT send from an exchange account to the æternity contribution account! Use the æternity wallet, which is optimized to make the contribution process as easy as possible. Alternatively, you can use your ETH wallet, just make sure that you are the only one who has access to your private key.

---

Æternity Meets Ledger Nano S

The first 1000 contributors above 11.9 ETH (in a single transaction) will receive 1 limited edition æternity branded Ledger Nano S hardware wallet. Shipping costs and taxes* will need to be covered by the contributor. Note that this perk is limited to one wallet per contributor and one per physical (delivery) address.

---

SIMPLICITY IS KEY

HOW DO I CONTRIBUTE?

1. Between April 3rd and April 6th, go to aeternity.com and press the contribute button on the home page. Upfront, make sure that you have access to some Ether (ETH) which you want to contribute to æternity development.

2. Fund the wallet with ETH (or view alternatives for contributions with other currencies, such as BTC or fiat). If you want to contribute with fiat, you should get in touch up front (now) with Bitcoin Suisse.

3. Accept the Terms and Conditions.

4. Contribute! You will be able to view your AE contribution on the Ethereum blockchain. You will have the opportunity to write a 160 character message, which will be embedded into the æternity genesis block and last forever.

---

IN MORE DETAIL

FIRST CONTRIBUTION PHASE – THE BEGINNING

FOR FRIENDS OF ÆTERNITY AND REAL INNOVATORS

• Start date: Monday, 13:04 GMT, April 3rd, 2017.
• Start time: 13:05 GMT.
• Duration: 3 days, exact 72h, by blocktime.
• All will be recorded on the ETH blockchain by a multisig-escrow-contract.
• Ratio: 1 ETH contribution yields 1,000 (one thousand) AE contribution receipts.
• A special æternity wallet will be launched.
• After these 3 days, the first phase of contribution acceptance is over.
• All following transactions will be send back to the sender. No receipts are given for transactions which are included in a block before or after the official start and end.

INCUBATION PHASE

• There will be 54 days in between phase 1 and phase 2.
• Much will happen during this time. E.g. hackathons, meetups and at least one conference will be organized, bringing together the community in every continent of the world to hack on æternity. The best teams and projects will be supported by the æternity Open Source Foundation, which is in formation process.

SECOND CONTRIBUTION PHASE – EVOLUTION

FOR EARLY ADOPTERS

• Start time: Monday, 13:05 GMT, May 29th, 2017.
• Duration: 3 weeks.
• Ratio: 1 ETH contribution yields 800 (eight hundred) AE contribution receipts (maximum at the start). It goes down to 650 at the end of phase 2.
• Additional perks for the first contributors: will be announced.
• All will be recorded on the ETH blockchain by a multisig-escrow-contract (like in phase 1).
• BTC donations will be possible (like in phase 1).

CONTRIBUTION SECURITY CHECK

The migration to transferable AE token smart contract.

• After both contribution campaigns end, an AE token smart contract will be created on Ethereum, which will mirror the contributions in a verifiable way. (The contributions and AE token ownership will be copied over to the new blockchain.) Open-source tools to check and verify the contribution transfers will be provided.
• After successful migration, the launch of the transferable AE tokens will take place and become official. One single smart contract will keep track of the AE contributions on Ethereum until æternity mainnet launches.

CONTRIBUTION DISRUPTION – THE BIRTH OF THE AE TOKEN

• After phase 1 and 2 have concluded and after the successful security audit, the AE tokens become freely usable (transferable), not only good for beta-testing æternity UX with AE tokens.
• Shipment of the æternity ledger wallets commences.

FURTHER TOKEN OUTLOOK

DEVELOPMENT PHASE & LAUNCH OF THE ÆXPERIMENTS with AE tokens on æpp space.

The AE tokens on Ethereum will be used to power experimental aepps, which will give visual insights into how the æternity ecosystem will work and play together. JS-libraries and other tools will be built.

MAIN BLOCKCHAIN LAUNCH: TOKEN METAMORPHOSIS & BIRTH OF A NEW ECOSYSTEM

• Migration of AE tokens to the æternity blockchain occurs.
• Launch of aepps.com essentials and platform.
• Predict!
• Mine!
• Use!
• ∞

---

For more information about æternity blockchain, have a look at www.aeternity.com

*Edited on May 25, 2017 to include “taxes” with the aim of better reflecting the terms and conditions, accepted by users before contributing to æternity in Phase 1.