Over the last few weeks there have been significant developments within the blockchain industry that have shifted the way token generation events are structured and how contributors want to participate. At the same time, we’ve been hearing consistent feedback from a number of people in our community about several aspects of our sale.
One of the great things about what we’re building is our ability to respond to feedback in real time. After a careful reevaluation of the current cryptocurrency marketplace and identifying the most common comments and requests from our community, we’ve made a few changes to our sale structure and strategy.
We’ve updated our website with new sale information but for easy reference, here’s an overview of what’s changed:
1. We’ve crunched our numbers.
Since we announced our Token Generation Event a couple of months ago, the market has changed. We’re seeing a trend towards smaller caps as the number of ICOs continues to increase and the marketplace is crowded with new offerings. While this has helped solidify our position as an obvious market leader, it has also made our model out-of-date with current pricing trends.
We’ve received hundreds of requests for a lower minimum presale buy-in and a longer presale window for our institutional participants.
Accordingly, we’ve changed the dates and structure of our pre and public sale to accommodate what we think is an accurate level of demand for our tokens in the current market.
We’ve extended our presale until December 10, and reduced our minimum buy-in to 20 ETH. Our public sale will run from December 11 until January 14, 2018. We’ve reduced our sale hard cap to 155,172 ETH.
2. We’re going global.
One of the things we love most about cryptocurrency is its borderless nature. Our mission has always been to provide a universally accessible platform, regardless of country or currency. So we’re boosting our presence in countries across the world and providing resources in multiple languages for key markets.
Over the next few weeks, we’ll be launching our website in Chinese and Japanese. We’ve launched a Japanese Telegram channel and we’re working on Chinese channel which should be up and running shortly. We’ve now translated our Whitepaper into 4 languages, and will continue to add new translations through our Bounty Program.We’re building a network of global ambassadors who are helping to promote STK in countries across the globe.
3. We’re taking centre stage.
Next week we’re starting an international roadshow with stops at conferences, events and industry forums to showcase our product on a global stage. We’ve been making serious strides with our product development, and we’re excited to show you exactly what we’ve built. Watch for some cool new feature announcements and product demos next week as we start our tour. Our first stop will be next week at the Singapore FinTech Festival, and later this month we’ll be at the Blockchain Expo in the Valley where our CEO is a featured speaker.
We know many of you are as eager as we are to see this solution come to market. Our mission is to provide a universally accessible personal finance platform, regardless of country or currency so you can use your money how and when you want. That’s something that will never change.
PRESALE UPDATES:
- Our presale will now run until December 10, 16:59 UTC
- The discount of 20% will remain the same
- Our Pre-sale minimum buy-in is now 20 ETH, maximum buy-in remains the same at 1700 ETH
PUBLIC SALE UPDATES:
- Our public sale begins December 11 with a 0.07 ETH minimum.
- There will be a 10% discount on purchases made during the first 48 hours of the public sale, regardless of quantity
- The public sale will now end on January 14, 2018.
SALE STRUCTURE UPDATES:
- Sale hard ETH cap of: 155,172 ETH.
- Total token supply: 500 million (500,000,000) STK, of which 275MM STK tokens will be available for sale
