NeuCoin: Pre-sale of 100 million NEU begins on April 28

NeuCoin has announced it's that pre-sale of a total of 100 million NeuCoins will begin on 28 April with an initial price of US$0.01 per coin (in BTC). The NeuCoins will be available for purchase during the 60 day pre-sale event. This constitutes 3.333% of the total 3 billion NeuCoin pre-mine.

Last year, the start-up had already sold 200 million of the coins to their angel investors in an effort to raise their initial seed capital, which provided the company with US$2.25 million. However, the investors decided to relatively stringent resale agreements, as the NeuCoin website states in its wiki section:

"In contrast to virtually all previous digital currencies with pre-mines, all NeuCoins held by the founding team, seed and angel investors are subject to strict re-sale provisions for five years, so that holders may only sell 2% of their holdings per month in the first year, 3% per month in year two, 4% per month in the year three, 5% per month in year four and 6% per month in year 5."

This implies that the initial available supply would not exceed US$1 million, which in turn will generate a market cap of US$30 million for the total 3 billion by designing the NeuCoin ecosystem to lock away the vast majority of the coins.

By the time it launches publicly in the summer, the real market cap of the company will be around US$1 million, as only the 100 million pre-sold coins will be available.