ICO Watch: Datum

What is Datum?
Datum is a decentralized global scale database with blockchain characteristics that allows anyone to securely store structured data. Datum returns data ownership to individuals and lets them monetize their data on their own terms. This lays the foundation to a new marketplace powered by a new asset class. Datum turns structured data into a tradeable commodity and is building the $120 Bln Data Economy.
— Roger Haenni, Co-Founder and CEO of Datum

Crowdsale Information
The crowdsale will begin on October 17, 2017 at 14:00 UTC and will end on November 17, 2017 at 14:00 UTC.

For every one Ether contributed, 10,000 DAT will be received. DAT is an ERC-20 token and only Ether is accepted for contribution. There is a minimum goal of 5,000 Ether and a hard cap of 153,000 Ether.

Token Distribution Information
Tokens will be distributed one week after the crowdsale is complete, between October 19–26, 2017.

There is a total of 3,000,000,000 DAT being created, and 1,530,000,000 will be available during the crowdsale.

51% of all minted DAT tokens will be offered for purchase across the pre-sale and crowdsale.

29% of all minted DAT tokens will be held in a reserve by the Datum Foundation for community initiatives, user growth, business development, academic research, and future market expansion.

20% of all minted DAT Tokens will be allocated to DAT core developers, founders, and advisors over a two year vesting period as incentive to ensure long-term alignments of interest and commitments towards the future value of the tokens.

Use of Crowdsale Proceeds
The proceeds from the crowdsale will be used as follows:

60%: Development
15%: Marketing
15%: Operations
5%: Legal
5%: Security

Website: https://datum.network/

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