Dear BCIO Community,
The Blockchain.io Token Sale officially ended on October 25th, 2018 and the results are in!
We are immensely grateful to each and every single contributor and member of the community for their support and the trust they placed in us. We strongly look forward to fulfilling the expectations that you have of us and in delivering our promised exchange and features.
Overall, we accrued $3.8 million to fund the development of our exchange. Of the $3.8 million, $1.5 million were collected during the crowdsale exclusively in BTC and ETH. 2.5 million BCIO tokens were sold to 882 contributors. Crowdsale tokens that haven’t been sold will be burned to protect the BCIO token value and ensure contributions remain valuable.
Also from the $3.8 million, our parent company Paymium committed $2.3 million from its own treasury to further the research and development of Blockchain.io’s platform. The $2.3 million provided does not involve the exchange of any BCIO tokens as the funds committed were separate and distinct from the crowdsale raise.
BCIO Tokens for our Contributors
BCIO, Blockchain.io native utility token, has been designed to facilitate a smooth and secure trading experience for all our users (and contributors). BCIO token holders will gain access to exclusive platform services and discounts, as well as other notable perks and rewards further down the line.
With the crowdsale now over, this is where we must continue executing and delivering on Blockchain.io’s promised platform features and future roadmap!
We will be working diligently toward achieving the following milestones within the coming weeks and months ahead:
- In November 2018, our exchange will be launched and made available to the public. As you can imagine, a lot of work goes behind creating a platform that is designed to provide you with the best possible trading experience. With that in mind, we are confident in meeting our intended deadline and in delivering a high-quality trading experience for all of our users.
- At the launch of our exchange, 5 coins will be available for trading under 4 separate trading pairs as follows: ETH/BTC, BCH/BTC, XRP/BTC, and LTC/BTC.
- In December 2018, BCIO tokens will be distributed and made available for trading on the BCIO/BTC trading pair on Blockchain.io.
- We will roll out one of our most anticipated features, Decentralized Settlement, by Q2 2019.
As you can see, the weeks ahead will be extremely busy. Once again, we thank you deeply for your continued support and trust!
The Blockchain.io Team