WandX is a decentralized platform on the Ethereum blockchain which enables users to create, trade, and settle any financial instrument on crypto-assets. Using the Wand Token, users can invest in ETFs (Exchange Traded Funds), buy cryptocurrency futures, and trade in illiquid assets through a portfolio of assets.

WandX is a decentralized platform on the Ethereum blockchain which enables users to create, trade, and settle any financial instrument on crypto-assets. Using the Wand Token, users can invest in ETFs (Exchange Traded Funds), buy cryptocurrency futures, and trade in illiquid assets through a portfolio of assets. 

Team:

• Abhinav Ramesh: Founder and CEO.
• Sridhar Kolapalli: Platform Architecture. 
• Dinesh Rekula: Distributed systems and Smart Contracts developer. 
• Amit Maurya: Full stake developer. 

Regardin the Presale  there were 2,496,000 tokens sold during the Presale. The rest of the tokens will offered as a Seasonal Token Offering during the release of WandX 2.0. 

WandX will be holding its ICO on October 22nd, 2017. The ICO token supply represents 66.7% of the total token supply, so there will be a total of 45,504,000 tokens available. The rest of the tokens will offered as a Seasonal Token Offering during the release of WandX 2.0. The ICO funding target is 9000 ETH, the funding cap is 12500 ETH and is expected to end on November 22nd, 2017 or when the funding cap is reached.

Token Reserve Split (33.3%):

• 5.2% Pre-token sale;
• 28.1% offered as a Seasonal Token Offering during the release of WandX 2.0.;

Bonus Structure:

• Token sale whitelist - upto 3000ETH. 18% bonus
• Token sale whitelist - 3000ETH-6000ETH. 12% bonus
• Token sale whitelist - 6000ETH-9000ETH. 6% bonus
• Token sale whitelist - 9000ETH-12000ETH. 0% bonus 

Find more information about about Bonus structure here.