STK TOKEN HARD CAP REACHED, PUBLIC SALE REPLACED WITH COMMUNITY AIRDROP
Along with our warmest wishes for a happy and healthy 2018, we’re sending a huge thank you to our entire STK community — now more than 10,000 strong. You’ve made 2017 a year to remember and we’re excited to share what’s next for us as we move forward into a new phase of delivering instant cryptocurrency payments at point of sale.
Today we are announcing our decision to cancel the public sale portion of our Token Generation Event. Multiple factors have contributed to this decision:
- Our presale and private sale rounds were both oversubscribed, which is great news for the project and the potential of STK. However;
- The volatility of ETH over the last few months has shifted our original allocation model as we now require a higher allotment of tokens to fulfill our presale and private sale contributions than we initially accounted for.
- This means we’ve had to significantly reduce the number of tokens available for the public sale.
Based on the size of and demand from our community, we made the decision that we did not have enough tokens remaining to hold an equitable public sale. Instead, as a (literal) token of gratitude and to provide front-of-the-line access to our earliest supporters, we’ve decided to offer an airdrop of up to 1,250,000 STK tokens to our entire community. Everyone registered on any of our STK community channels as of 12:00 p.m. EST today (December 29, 2017) will be eligible for an airdrop of STK tokens, to be distributed by January 31, 2018. Eligible STK community channels include email, Telegram, Medium, Discord and Twitter.
Our enrollment form will be open until December 31, 2017 at 11:59 p.m. EST, and no further enrollments will be accepted beyond this date. You must have an ETH wallet in order to participate.
To register for the airdrop, click here.
Please note that Canadian and U.S. citizens are not eligible to participate in this airdrop. Tokens will be distributed to your ETH address by January 31, 2018. Users who provide an incorrect ETH address will forgo their tokens, as additional tokens will not be distributed. 1,250,000 STK tokens will be distributed, and individual allocations will be based on the redemption rate of this offer. Token distribution is at the discretion of STK.
The cancellation of our public sale does not affect our Bounty Program. The original allocation of tokens for Bounty participants will still be distributed according to the current Bounty structure. The Bounty Program will end today (December 29, 2017) at 12:00 p.m. EST. Bounties will be calculated and distributed prior to January 31, 2018.
This means that our Token Generation Event is officially closed, and we are happy to announce we have reached our hard cap of $17MM USD. An official announcement will be issued soon. We are confident that everyone in our community will benefit from this decision. We have reached our hard cap more than a month prior to the start of our public sale, which means we can expedite our timelines and deliver on our roadmap milestones faster than anticipated. We will publish more details around our execution planning early next year.
A huge thank you to all of our contributors, community and team members for helping us reach this goal. It’s a big day for us all, and we look forward to providing the first mass market cryptocurrency solution early next year.