We are pleased to announce today the completion of the first round (“Round A”) of our token sales. The proceed from the sales of Talao Tokens and equity raised to the benefit of Talao via a private placement completed by Emindhub represent a global amount of 7 300 ETH, with a total of more than 5,2 million of TALAO token distributed. The softcap was passed during the crowdsales which closed on July 29, 2018. All unsold tokens are now frozen for at least 12 months.
People from Europe and Asia have participated in the sale. Many of the participants are in the freelancing industry themselves, demonstrating the alignment of the Talao vision with the evolution of work in these regions. The conclusion of this first round is noticeable in a ICO market facing downturn and which has lead many candidates to postpone their token sales.
The proceedings of this first round will be used to:
- accelerate the development of the Reputation Vault Protocol, the first protocol enabling freelancing talent to own their professional reputation and have the ability to monetize it. The deployment to Ethereum Mainnet is planned before the end of Q4 2018.
- deploy the MVP of the new marketplace offering of Talao before the end of 2018, supporting the full use of the TALAO token.
Our CEO Nicolas Muller explains: “The public blockchains will change the talent economy forever, providing a unique opportunity for companies to recruit the best certified experts and for talent to own their data and disrupt low-value middlemen. The TALAO token will be at the cornerstone of this revolution with our Reputation Vault Protocol. We are working hard to deploy on Ethereum Mainnet and will be announcing new partnerships to further develop usage of the TALAO token”
We’ll update its community of token holders monthly with the news concerning new developments, roadmap and partnerships. Round B for token sales will occur between July 2019 and July 2023, depending on project advancement, market conditions and potential new partnerships.
Talao team thanks all the people who participates in the sale, as well as its partners Havas Blockchain, Blockchain Partner, Mazars, Fontaine Avocats and Invest Securities who contributed to the success of the sales.
Now, let’s go for Mainnet for our certification protocol!