In the last 13 days that the token sale registration has been open, we’ve had more than 12,000 participants sign up! While we’re thrilled about the interest, we realize we need to push back the public token sale back by two weeks to February 20, with a new end date of March 22. We know this isn’t ideal, for you or us, but the decision was made to ensure the token sale is as smooth and safe as possible by addressing the following:
- Our KYC provider’s solution has been more challenging to work with than we anticipated. KYC is critical to the long term health and trust of PolySwarm, so we want to ensure that we get it right. We’ve heard you in Telegram, the user experience is less than ideal and confusing and we’re taking extra time to get it right. Thanks for all the support and letting us know we need to do better here! We’re on it.
- We sent our token sale smart contract to Trail of Bits, friends of ours and excellent security auditors, last week (their CEO, Dan Guido, is one of our advisors). We want ample time to address any issues and subsequent fixes.
- The PolySwarm Community has expressed concern about “gas wars” and us having a more robust solution to ensure wider distribution of Nectar. We hear you! We’re using this extra time to work this out.
We plan to make up some of the time by committing to making Nectar transferrable 1 week after sale stop instead of the previous 2 weeks. Stay tuned as we roll out exciting website and bonus tier updates. We’re excited to use this time wisely, building a streamlined process and marketplace.
Onward!
Steve
CEO, PolySwarm
