Categories: ICO

OSA DC Reaches ICO Goals Despite Market Low

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The OSA Token sale closed on August 31st, 2018, with a private Key Blockchain event, which was held at Shinagawa Prince Hotel, Tokyo, Japan. The final Token Sale results were announced in front of a select 150 prominent members of the Japanese and international blockchain community.

OSA DC, real-life blockchain and AI application for retail, the world’s biggest industry, reached XXX% of its hard cap! With the help and support of its fantastically strong community, XXX M were sold to OSA DC contributors from 150 countries.

CEO Alex Isaev comments,

“On behalf of OSA team, I am grateful for all the support and help that has been received from the 74,425 community members, institutional investors and family offices from the USA, Europe, the South Korean Republic, China and Japan, who made the decision to support OSA DC. It is your votes for us, and your faith in our decentralized platform, that made all the difference to our success. We will use the contributions to solve 500B worth of loss in the retail industry, that will stimulate retailers to provide better product quality, better delivery, better service, and ultimately, a better shopping experience for all of us.”

The biggest Investment funds and early backers from various countries supported OSA DC with their investments. Gigawatt, UnU, Xblock, Group of companies CoinEgg, Swiss Fund Osnova, Benrui Capital, Cobinhood Fund, Mars Finance are among the long list of our partners. These major partnerships were signed during the 8-month road show.

Consumers will be able to use OSA tokens to pay for B2C services, receive exclusive promotional offers and, of course, purchase groceries at major supermarket chains in Europe, North America, and the Asia-Pacific region.

Managers at partnering supermarkets agree with OSA’s founding team of data scientists that cryptocurrencies, including OSA tokens, will be the standard, widely-accepted form of payment at grocery stores and other retailers worldwide.

The OSA Utility Token has a Three Fold Purpose

  • Network fuel: to drive the blockchain ledger and smart contract functionality and enable real time data collection, storage, enrichment, and analysis
  • Payment method: for innumerable business-to-business transactions and business-to-consumer services within OSA platform
  • Platform reward: for data sharing and as an incentive for brand-specific promotional campaigns

77.5% of OSA Tokens will be used for the future development of the company and 22.5% will be distributed to contributors 30 days after the token sale ends. Tokens that were allocated for the sale but weren’t sold will be burned.

The OSA DC platform is live, but more development is on the way. An ambitious schedule of further development and the creation of new features for the OSA marketplace have been started:

  • Expansion to Japan, Korea, China and USA
  • Product catalogues and business development
  • Continued AI development, and a B2C/B2B digital assistant (Alpha version)
  • Product rating system
  • Decentralized infrastructure enhancement
  • Consumer edition (Alpha version)

The amount of tokens sold, and the corresponding estimate of the total sales volume, are preliminary and will be subject to adjustment upon completion of all appropriate KYC procedures for all contributors.

According to the terms of the token purchase agreement, the KYC process will take 30 working days after the completion of the token sale, and may be extended by up to an additional 30 calendar days in the event the company deems it necessary to conduct additional ALM and KYC checks in respect to certain token buyers.

The contributions to the company’s token sale were made in 5 different cryptocurrencies (BTC, LTC, BCH, ETC, ETH) and 2 traditional currencies (USD, EUR), and the total sales volume may be subject to change according to the exchange rates for each currency.

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