Swiss digital identity and personal data management platform VALID has successfully completed its token presale. The presale offered selected early supporters and particularly dedicated backers of VALID’s vision the opportunity to purchase up to 160m VALID tokens at favourable conditions. In spite of the bleeding crypto markets the VALID project was able to raise 7’000’000 US Dollars equivalent in Ether, Bitcoin and Fiat via credit card in an exclusive presale for it’s early supporters.

Because the interest in the presale clearly exceeded the allocated number of tokens, VALID was unable to meet the entire demand. To give everyone interested in supporting the project an additional chance to purchase tokens at attractive conditions, a 25% discount will apply to the first 20m tokens sold at the beginning of the crowd sale, which starts on 24 February at 12:00 noon UTC.

Once these first 20m tokens are sold, VALID will offer a 20% discount on all tokens purchased during the first 24 hours of the crowd sale to make sure there will be plenty of opportunity for the community to participate. Following these first 24 hours, staggered discounts will apply as per the token sale details described in the VALID whitepaper.

VALID CFO Yves-Alain Petitjean said: “We’re thrilled by the overwhelming support we’ve received for our vision at this early stage of the token sale. We have established a constructive and highly engaged dialogue with our community, and the feedback we’re receiving clearly tells us we’re moving in the right direction. The whole team is now looking forward to kicking off our crowd sale on 24 February.” The presale was very well received by the community thanks to its smooth and well-thought-through user experience.

Further information

Information about VALID’s upcoming crowd sale

VALID website

VALID whitepaper

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About VALID and Procivis

VALID is a project of Procivis AG, a Swiss venture founded in autumn 2016 by blockchain entrepreneur Daniel Gasteiger. The company offers an “e-government as a service” platform to enable the digitisation of societies and the provision of online public services across the globe. Procivis has implemented the pilot version of its eID+ platform together with the Swiss Canton of Schaffhausen in December 2017 and launched VALID to establish a blockchain-based personal data management platform.