TGE Finished
Our Token Generation Event has officially come to an end. We would like to thank all of our supporters, partners and contributors who participated and a big shout out to our team who worked long hours to ensure our TGE ran like clockwork.
There were 300’000’000 ALX tokens dedicated to two rounds of the ALAX TGE. As some of you already know from our whitepaper, they are going to be distributed to the existing TGE participants according to their stakes. Yes, dear participants, that’s correct! No burning. Together with the 10% bonus that, based on the final score, every participant is eligible for and another 10% bonus for contributors with DCT, watch out for your wallets, as they might be getting heavy soon.
In total we raised $3’832’493.8 (according to coinmarketcap rates on Monday, April 23, 2018). The current situation on the market is not playing in favor of ICOs as much as at the end of 2017, therefore this result is more than we could have prayed for. Considering the fact that we did not set any softcap and our project would have continued no matter what amount was raised, we are thankful for every single contribution.
ALX is going to hit various exchanges, starting with QRYPTOS, followed by YoBit, CREX24 and Coinbene. Our team is now completing the TGE data in order to generate and distribute the tokens by that time. Once the tokens are listed on the exchanges they are tradable and later on you can use them to obtain your ALA tokens in the ALAX store with a 20% bonus! Watch our explainer video to get an idea on how the ALA/ALX interchange will work.
Our TGE may have reached its grand finale, but we’re just getting ready to fire up the engines! 2018 holds a lot of promise for us, and we will have our hands full. During the summer we will be launching ALAX Testnet which will be followed by the launch of the Mainnet and the Store Beta. MVP for the ALAX app store is out and there are many other features in the development phase. We hope to conclude the testing of everything by the end of the year and we estimate that the final product, the ALAX store itself, will be fully operational and launched by the end of Q1 of 2019.
We are grateful for each and every one of our supporters, that cheered us on and helped us to complete our TGE. ALAX team will be working hard to achieve everything we set out to do, ensuring that the funds raised will be used in the best possible manner to deliver a store all of us can be proud of.
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