Crowd Sale I Update + Details

Lords & Ladies of the Fiefdom,

Article Contents

• What Changed
• Why the Change Was Made
• Details of the Sale (a reminder + specifics not yet mentioned)
• Links for inquiries & assistance

Hopefully all participants are prepared for the 1st Crowd Sale which is just around the bend! This Sunday, February 13th, 2022 at 4:00 pm (PST/UTC-8) will be here before you know it! Be sure your Harmony ONE tokens are ready to go. Let’s get down to business!

What Changed

There has been one change in the details of Crowd Sale I however; it is incidental and will not have a material affect on investors. We have decided to breakup the solidity code (smart contract) and as a consequence, some of the ICO code and the FIEF token code will be separated. The only change you will notice is the name of the token that is for sell starting this Sunday which will be eFIEF rather than FIEF. The vesting periods (detailed below) have not changed nor has the target sale price of the token changed (don’t forget, you’ll need ONE to purchase FIEF). The only material change, other than the name, that investors will notice is the method used to receive your tokens. Rather than receiving your locked purchase automatically to your wallet over the vesting period with no post-purchase action, you will now have to perform a single post-purchase action.

Shortly after Crowd Sale I is complete, the DApp will be published. There will be a button on our Home Page “Launch App”. Simply click that button and deposit your eFIEF tokens into the smart contract “redemption pool”. This will initialize your vesting period and unlock schedule. On what day you deposit your eFIEF will not affect your vesting period’s start/end times nor anything else as long as you perform this action on or before March 26th 2022. If you wait to initialize you vesting period and deposit your tokens after that time, then that will affect the start/end times of your vesting period accordingly.

Shortly after Crowd Sale I is complete (approximately March 26th 2022, you will be able to claim your initial portion of your investment purchased from Crowd Sale I. Simply do so through the DApp redemption pool. From that point forward, just as before, your tokens will unlock with every block (Harmony’s block finalization time is currently 2 seconds) and be available to claim at your leisure by visiting the redemption pool and clicking claim/unlock.

Depositing your eFIEF late will affect your vesting period but it will not affect the amount of FIEF you receive. Each eFIEF token is redeemable for one and only one FIEF token. eFIEF will be burned at the time of deposit and there is no way for other Crowd Sale I participants to scoop up your FIEF in the event that you are late with your deposit.

Why the Change Was Made

In short; security and time. We know how frustrating delays can be and the last thing we want is to start this amazing journey off with disappointment. We considered pushing the sale back by one week and decided this was not acceptable. We refuse to miss deadlines or to allow delays (unless of course it is absolutely impossible and/or out of our control)!

Some of you know about the covid-19 infection that hit one of our team member’s and immediate family. Yes, this caused unexpected setbacks but is not reason enough to excuse a postponement. That team member and their family are healthy again and send their thanks to all who reached out via social media, email and phone calls. Not just because of this event but for many reasons, we will be adding 3–5 team members very soon. In fact, next week; job postings will be published and the hunt for developers, marketing and support personnel will begin.

Security is nothing to take lightly. We are all quite familiar with the horror stories surrounding DeFi projects. Fiefdom staff will stop at nothing to minimize the risk of this happening to those of the Fiefdom and its future (meaning all of you!). Since there were time delays created from the recent covid-19 infection that hit some of our team, plus the complexity of combining both parts of the ICO with the token code, and DeFi smart contract extensions, in addition to the notorious security flaws inherent with Solidity programming language; we decided that eFIEF was the answer. It will allow us to meet our deadline this Sunday which we feel is absolutely necessary. It will also allow us time to finalize and fully test our code. Without eFIEF, everything; every line of code would need to be completed before Sunday. Once we deploy that code… that’s it! If there were any mistakes, we could all be doomed.

eFIEF will allow Crowd Sale I to begin as planned and create a larger window for us to add more staff and produce a solid DApp. This will reduce the chance a fatal error is made in the code. It also allows the few team members we currently have to get a little rest. All of this will benefit the Fiefdom far more than rushing immutable code into production. We hope you all understand and accept this change and appreciate the creativity and team work required to come up with a solution so quickly. We will be available, as always, and with increasing frequency, on our social channels. Chat and email support will be right around the corner from the full “Go Live Launch” of the Fiefdom DApp.

Details of the Sale

Because we love tech and love sharing what we love, we will provide some details that may not interest everyone. If you want the TLDR version, scroll down a bit more to the bullet points just below here.

Crowd Sale I is part of Fiefdom Lords (io) ICO or Initial Coin Offering. There are two subsections of the ICO; a pre-sale (Crowd Sale I) and a public sale (Crowd Sale II). The options, methods, functions, and interactions between buyers (investors), project (company), and the smart contract code of a token sale are the determining factors when deciding what to call or name a sale. For instance, a public sale has a smart contract software vault coded into the sale and “purchased” tokens are sent there immediately upon receipt of funds from investors (buyers). This vault is where refunds are issued from under certain conditions. Where as a pre-sale, investors receive their purchased tokens immediately.

CS I, a pre-sale; will require that you have ONE tokens. Sending ONE tokens to the smart contract will immediately initiate a return of eFIEF at a rate of 1.7 ONE tokens per eFIEF (approximately $0.32 at the time of this publication) . It is nearly impossible to give an exact USD rate unless we deploy the contract minutes before the sale starts and even then, we are not able to freeze the USD cost because Harmony ONE price action will always be on the move and the sale last 30 days.

*** We can code the start and end times of events but please remember that these time frames are based on two things which we have zero control over. Unix epoch start time (began January 1, 1970 00:00 GMT) and Harmony ONE block finalization time (currently averaging 2 seconds per block). If Harmony’s average network block time changes, this will inherently change the conversion of Unix Epoch time (found in code) into human time (UTC/GMT, etc). Any time frames that we provide are calculated on these two metrics and are a best estimation of reality. Our math isn’t off, block time finalization is never uniform and network congestion can drastically change things.

The information below on the vesting period and the release/unlock amounts are referring to you receiving FIEF. You will receive eFIEF immediately after sending ONE to the crowd sale contract. eFIEF will have no use other than depositing it to redeem your FIEF tokens. Please do not trade it, stake (deposit) it any where, nor create any LP pools with it. You may not get it back. Simply hold eFIEF until we launch the redemption pool on our site.

General Time Line of Events:

• Crowd Sale I (pre-sale): February 13 — March 15
• Initial Liquidity Provided: March 21–25
• DeFi Pools Launch: March 27th 4:00 pm (PST/UTC-8)
• Crowd Sale II (public-sale): March 21 2022 — April 7 2022

Crowd Sale I Characteristics

• Start Date: Sunday February 13, 2022 4:00 pm (PST/UTC-8)
• End Date: Tuesday March 15, 2022 8:00 pm (PST/UTC-8)
• Tokens available: 1,000,001 eFIEF
• Redeemable: 1 eFIEF for 1 FIEF March 26th 2022
• Cost: 1 eFIEF = 1.7 ONE
• Minimum purchase: 3.4 ONE / 2 eFIEF
• Maximum purchase: 42,500 ONE / 25,000 eFIEF
• Vesting period: 18 months
• Release/Unlock: 1% Lump Sum + linear unlock
• Release Start: March 26, 2022
• Crowd Sale I is a: Timed, Capped (minimums & maximums), Distributed with Vesting, Pre-Sale.

Please review the Lite Paper here and reach if you have questions via Twitter, Reddit, or Facebook. We prefer customer service (for now) go through Twitter. See you soon!

Emperor TFK