Effect.AI Token Sale Recap
From the bottom of our hearts: thank you
Before we say anything else, a huge thank you to everyone for the overwhelming amount of support we have received over the last few months — and during the last few days especially! With your help, Effect.AI managed to raise a staggering 11 million euro in just five days in what can only be described as a hugely successful Public Token Sale. With more than double our soft cap reached, we now have the mandate we need to continue building The Effect Network and expand the project.
The Stats
- Project successfully funded with over € 11 million raised
- People from over 120 countries took part in the Token Sale
- 18.107 participants successfully applied for the Whitelist
- Telegram community of 25.500
Fair Share Distribution
Our approach to conducting a fair and transparent Token Sale with Fair Share Distribution worked even better than expected. The announcement that Stage 1 of the Effect.AI Token would have a personal cap of 1200 euro was rewarded with numerous contributions from many different countries. We were very pleased with the results of trying for a more evenly distributed Token Sale. In terms of building a resilient and lasting platform that is supported by a large and diverse community, the significance of this success cannot be overstated.
Security
Needless to say, scammers also showed a lot of interest in the Effect.AI Token Sale. Our dedicated support team, therefore, went to great lengths to make sure Effect.AI community members were not taken advantage of. Through Telegram, the newsletter and all the other channels available to us, participants were constantly reminded not to respond to unsolicited requests to transfer funds and to be wary of scammers impersonating team members or support email addresses. When all was said and done:
- We had no data breaches of any kind
- Hundreds of scammers were banned from Telegram
- Losses by community members were negligible.
Success in turbulent times
It is no secret that the Effect.AI Token Sale opened during fairly adverse market conditions. Despite this down market, despite many other token sales failing to reach their soft caps and despite doubts from onlookers and competitors, the Effect.AI Token Sale was a resounding success. We consider beating the odds like this, with the incredible volume of support we’ve seen, a ringing endorsement for The Effect Network and our plans for the future.
It begins now
The Effect.AI Token Sale was an incredible event and we are humbled to have received so much support from you, the Effect.AI community. However, this is just the beginning of what will be an epic journey. More updates are coming soon.
