Seed Sale Batch #1 Recap
What a week this was… so exciting, so much feedback, so many conversations but also a bit exhausting and honestly I’m glad it’s over because I finally slept more than 5 hours a night. With the capital raised, we can now continue with full steam ahead on several fronts at the same time.
This recap is about Dashboard Seed Sale Batch #1 though so let’s get down to the numbers. The numbers here may differ a little from previously published because of the grace period for those that still had USDC balance in their accounts.
USDC pledged for CSM: $54,139.93
USDC swapped into HEX: $4,936.75
Affiliate Rewards: -$3296.47
Total raised through dashboard: $55,780.21
165 users pledged for a total of 43,311,944 CSM
128 users swapped for a total of 1,828,432 HEX
Remaining user balances: 853.71 USDC
Circulating supply (incl dashboard):
5,258,301 HEX = $15,774 Marketcap @0.003
75,565,770 CSM = $94,457 Marketcap @0.00125
Due to CSM sales through the SDEX (at higher valuation than dashboard), there are currently 24,415,897 CSM to be rolled over into the next batches.
Including Early Bird and SDEX sales this amounts to over $75,000 total raised, an amount far exceeding our early expectations. This gives us time to progress, raise awareness and interest before the next Batch sale. We will put these funds to good use and will update regularly about progress via our Social Channels. Primary communication is via Discord!
In your Dashboard, you will now see the option to withdraw and deposit USDC, HEX and CSM between your CityStates and your Stellar account. In case you have balance on both and want to hold in one place only you are now able to transfer.
If you are not used to Stellar yet, there is no need to rush things. At this point there is no big difference between holding in your CityStates or Stellar account (except if you want to sell). A guide to Stellar with recommendations for wallets and exchanges will be published soon but as you can guess is not a top priority right now. There are plenty of other resources and documentation if needed.
HEX is now sold at $0.003 via SDEX and Dashboard. You can still top up your account as before to swap for HEX. We usually check at least once a day for incoming payments. In urgent cases please contact directly via Discord.
Pre-registration open!
Visit https://citystatesm.com to register. Receive 250 HEX for free +50 HEX for active referrals and 8% affiliate reward on sales.
Follow us on twitter, reddit and join us on discord and telegram.
