Symatri, LLC, Announces the public crowdsale of the new Kala token. After the private presale sold out in just over four hours, the public now has a chance to purchase the Kala utility token for a low .02 per token.
Group 1 of the token sale raised $7,500,000 in 4 hours. It is expected that Group two will sell
out quickly as well.
Group 2 is now officially launched at $.02 per token. There will be 1.5 billion available in this
group. After group two sells out, the rate will go to $.03.
So what’s all the excitement about?
Immediate inherent value sets Kala apart from other ICO offerings
What makes any medium of exchange valuable is whether or not owners can use it to for real
world transactions. Kala will have value from the onset, because shortly after issuance, Kala
users will be able to purchase discounted products, services, and gift cards through Symatri’s
online marketplace called REACH. As Symatri expands its ecosystem, the economic possibilities
for users are heightened. REACH will also contain the most versatile of purchases – gift cards to
retailers like Amazon, Walmart, Apple, Google Play, Target, Nike, and more.
Simple for everyone to earn Kala
It’s very easy to earn Kala tokens after the ITO. Anyone with internet access can earn Kala with
Symatri’s unique way of “mining” through Proof of Effort. This makes the token accessible to
the masses.
People earn points by completing activities like taking surveys, testing products, downloading
apps, etc. through Symatri’s CORE platform, then transfer those points into Kala. There’s no
roomful of servers, no expensive buy-in to mining pools. It doesn’t take special knowledge or
equipment. In fact, anyone with a computer or smartphone can participate.
Secure and Robust Platform
Symatri chose to build Kala on the ERC20 specifications of the Ethereum blockchain. This
allows Kala to take full advantage of the benefits of the Ethereum network, and will make it
easier to add to exchanges.
After the close of the ITO, the sold tokens will be issued. Those who participate in the ITO will
be ready to use Kala as soon as it’s fully integrated into the Symatri Ecosystem. Kala will be
fungible, transferable, and expected to trade on exchanges. In addition to using Kala to
purchase items online at Symatri’s marketplace, Kala owners can take advantage of the
fluctuations in value that is a fundamental characteristic of all cryptocurrencies.
Tested and Proven Technology
300,000 members in 140 Nations already use the CORE platform.
Next, unlike many cryptocurrencies which are created for technology or projects that are still
being developed, Kala will integrate within an already existing ecosystem with more than
300,000 members in over 140 countries. Symatri’s CORE platform and marketplace are being
used, tested, and improved before integrating Kala. In fact, people can already participate
before the first Kala Token is even issued.
Safety of Funds
All funds will be held in escrow during the ITO. When the crowdsale ends, before the final
number of Kala tokens sold will be created and distributed, we will do an audit of deposits to
ensure accuracy. Where possible, two-of- three multi-sig addresses will be used to secure funds.
For more information on Kala, the ITO, to sign up for early access, and to view the full white
paper, visit https://go.kalatoken.io/
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Information provided by press release.
