Announcement: Token Supply Increased from 750MM to 1,000MM

Surge in demand for DXT and recent price spike in ETH requiring strategic adjustment.

Dear Datawallet Community,

In the past few weeks, we have seen demand for our token sale grow at an unprecedented magnitude. While we are honored and humbled by the incredible interest in our platform, this also introduces a conundrum which we need to address, namely that our supply is too small to even service a fraction of whitelisted participants.

On top of the exponentially growing demand, we are facing an even more precarious situation due to the significant surge in the price of Ether, which over the past month is up about 40%. These two factors combined would currently lead to a situation where a majority of those interested in purchasing DXT would be unable to do so in the crowdsale as it is currently formulated.

Since this will be the only time that any DXT will ever be created, this marks the only instance we can efficiently resolve issues pertaining to token allocation. We have therefore decided to increase the token pool to 1 billion tokens, up from 750 million tokens, while maintaining the same token price, discounts, and allocations. This will result in the hard cap being raised to approximately $40MM and allow a higher percentage of our whitelisted participants to contribute to the Datawallet token sale.

Through this, we hope to give as many interested participants as possible the ability to fill at least some of their desired allocation. Next to allowing more applicants to participate in the token sale, the higher cap will further provide Datawallet with increased capacity to more effectively and rapidly build out the team and platform.

More information, such as the maximum allocations per discount tier, pegging of the public sale price, a step-by-step token sale participation, will be released shortly.