Today we’re announcing some changes to our public sale.
Since we announced our intention to increase our marketing efforts and industry awareness, we’ve seen significant growth across each of our community channels. We’ve also had the opportunity to showcase our technology at several international events, to unanimous support. We’re more confident than ever that we’ll be the first to offer mass-market cryptocurrency payments next year, and that has us feeling pretty jolly heading into the holiday season.
Simultaneously, we know that awareness of our token is still growing. We’ve also heard from many of you that our hard cap is too high. Market conditions have shifted away from large caps to favour projects with lower targets, working products and strong growth strategies.
With this in mind, we’ve decided to update our token sale structure. Here’s what’s changed:
- We are moving our public sale to January 31, 2018. STACK is expected to launch a public beta in early January which means the STK token can be tested in an active environment. We believe having a product in the market will generate the awareness we need to reach our funding goals. The public sale will end on February 14, 2018. We’re working privately with a number of private and institutional investors between the pre and public sale, but have reserved an allocation of tokens for the public sale. Our public sale structure will remain the same, with a 10% discount available during the first 48 hours of the sale.
- We’ve changed our hard cap to $17MM USD. As has always been the case, our hard cap includes a liquidity pool which determines the number of users we can onboard. The higher our cap, the more users we can support. Current market conditions make a large hard cap difficult to achieve, but we are confident that once we’re live, fast traction will generate the growth we need to support our current timeline and deliverables. The soft cap remains the same at $1 million USD.
- The price per token will change to $0.10 USD. Token distribution will be based on the conversion rates from ETH to USD 24 hours before the close of our public sale or when our hard cap is reached, whichever comes first.
- Our token sale supply will remain the same — 500 000 000, of which 55% will be for sale for a total supply of 275,000,000
- Our presale will end as scheduled, on Sunday, December 10, 2017. Participants who contributed prior to this announcement will receive the number of tokens based on the new price of $0.10 USD per token. If you are a presale participant and have questions or concerns about these changes, please get in touch with us anytime @ info@stktoken.com.
- We’ve updated our team and advisor vesting period from 4 to 24 months. Our team has been together from the start of the project and is committed to the long-term growth of the project, as are our advisors and immediate network.
- If you’re not already a part of our STK community, we’d love to welcome you to any one of our channels. These changes are based largely on the feedback we’ve received from our network. We hope you’re as excited as we are to be part of this project, and as always, we’re grateful for your continued support. You’re at the top of our nice list ;)
STK
Come be jolly with us: Telegram, Twitter, Bitcointalk, Discord and Reddit. And for full sale information anytime, visit us at www.stktoken.com.
