Dear Gigajoulers!

We have been working extremely hard and thought it would be a good time to give you an update just before we launch our Private Sale on Friday 1 November.

Over the last few months we have noticed the IEOs have been performing rather poorly. Whilst negotiating with exchanges, we have also found that in order to list, we would need 2 or 3 times the amount we were wanting to raise to put into market making. This is a great avenue for a utility token wanting to promote their service, however, we have found that for fundraising — even on the biggest exchanges — IEOs are not raising what they used to.

As a result we did some reflection and realised that we fit more into a STO environment. We are proudly a security token, we have engaged legal counsel to ensure that we are compliant with legal and regulatory frameworks and we would love nothing more than for our community to share in our profits when our projects are up and running.

We have decided to partner with the largest Security Token platform — Polymath — https://polymath.network. Their infrastructure has been independently audited and they are the leader in this new wave of blockchain based investment. Their platform does the heavy lifting for us to roll out our GIGJ token, from issuance to dividend payments and we believe it is the best fit for us.

We intend to run a full Security Token Offering from the 1 Jan 2020 where we will be targeting institutional investors, but we wanted to reward our loyal community before then with the opportunity to take part in the private sale before then.

This is not to say that we won’t be listing on cryptocurrency exchanges in future. We would like to see multiple options for GIGJ holders to trade the token, however, we can’t see why anyone would want to sell something that delivers a healthy return year on year ☺️

Lastly, I would just like to thank you all for the overwhelming support and well wishes!!!!

Take care and stay tuned,

Gigajoule Team