ArcBlock Public Sale Overview
Dear community,
Our public sale would not have been such a huge success without the support from our proud partners, our diligent team and more importantly, our passionate and supportive communities from 170 countries and regions! The 19 minutes bullish sale was driven by 32,480 participants out of 89,157 KYC-approved accounts, ranking ArcBlock’s public sale one of the hottest I.C.O.s worldwide.
Overview
Due to the lackluster performance of Ethereum network speed, we continue to receive transactions that were pending earlier, which are 54,235.9298967856 ETH and 24,541,886.3660496 CMT in total. The final amount substantially exceeds our public sale hardcap, which is 12,500 ETH (up to block height #5026310), and 6,000,000 CMT (up to block height #5026333). After a non-stop cycle of implementing optimal solutions to accommodate everyone’s interests, within regulatory requirements, here is the latest status update of our distribution and returning procedures.
Meaning of Transaction Statuses
We have categorized all of the token transactions by two statuses. One, indicates the numbers of ABT tokens credited to you. The other, indicates that unfortunately, you missed the opportunity to purchase ABT at this time.
Latest Updates for Distributing Tokens
We accepted 6,475 accounts of ETH contribution (up to block height #5026310) and 1,135 accounts of CMT (up to block height #5026333) from 170 countries. For those accounts that followed the public sale rules, and consistent with the KYC-approved address, your ABT token will be distributed to your wallet within 4 weeks.
Latest Updates for Returning ETH and CMT
We almost completed the return process of Stage 1 for participants on Block #5026311–5050993 (ETH) / #5026334–5028303 (CMT). At this stage, we returned 23,218 transactions of ETH contributions (worthing 39,173 ETH) and 2796 transactions of CMT contributions (worthing 15,919,725 CMT). Our return wallet address is 0x74fe2b73647252c9c997424edeaf631e3f7f2df7. In the process, we issued the refunds in the same format as we received the transactions. For example, three separate 1ETH contributions were refunded in three separate transactions, not in a single aggregated transaction.
Also, returning process of Stage 2 is almost done. At this stage, we returned contributions (2213 ETH and 1,924,862 CMT) from participants who failed to follow either the individual caps (24 ETH accounts and 11 CMT accounts) or the gas recommendations (1084 ETH accounts and 292 CMT accounts). After careful consideration of your suggestions on our recent 2nd updated announcement, we returned ALL those ETH/CMT contributions without the 20% penalty.
Last but not least, for participants whose contribution addresses were inconsistent with their KYC registered addresses, we will return your transactions in the same path as we received them. Therefore, please pay attention to your status on the contribution address. We appreciate your patience and understanding.
Again, we are so excited and thankful for the incredible support from our communities. To show our appreciation to those who have missed the opportunity to contribute to our public sales, we will issue compensation activities such as airdrops. Stay tuned for more information.
All the Best,
ArcBlock Team
