Crowd Contribution Date Announcement: May 30th
Our community has been asking and waiting…and now…we are so excited to announce May 30th as the rescheduled date of our Crowd Contribution — the final round of our Token Generating Event.
April 17: Whitelist reopens
May 17: Final Date for Whitelisting to ensure participation
May 30: Crowd Contribution opens at 13:00 CEST (low initial individual cap to allow for maximum participation)
May 31: Cap lifted to allow for contributions of any pre-authorized value
We briefly paused this final round, originally set for March 27th, when we were approached by the British Columbia Securities Commission (BCSC) to clarify some details to ensure we were in compliance with local regulations.
We worked hand-in-hand with the BCSC to achieve legal certainty, and we are so pleased and excited to be ready to proceed.
In the associated press release, John Lyotier, CEO of the RightMesh project, clarifies why RightMesh AG believes this delay was the “right” thing to do:
“The regulatory environment for Token Generating Events is quickly and constantly changing. We never wavered in confidence that we had done things right, but because we are striving to set new standards industry-wide for compliance, it was essential for us to pause, reflect and clarify. The small delay, in the long run, will be the best thing for our community and for the industry as a whole.”
We are anticipating an active and exciting Crowd Contribution phase after our first two successful phases: a private allocation round for accredited investors in early January which reached an $18M cap in less than one week, and a public pre-allocation phase which closed in only 8 hours and 4 seconds.
We want to take this opportunity to thank you — our community — for contributing to the success of those rounds and for your unwavering support during this delay. It has really assured us that we are all in this project for the ‘right’ reasons, which will benefit the long term health of a dense and robust network.
An additional benefit of the delay is that it gives us an unexpected opportunity to invite more members to join us on our mission to connect the next billion users without infrastructure and to lift one hundred million people out of poverty. With almost 4 years of development on the project already under our belts, we are right on target with our product roadmap and well on our way to achieving our goals!
If you haven’t yet joined our community and now you would like to contribute, your first step is to pass KYC/AML by Bitcoin Suisse, and here are instructions >
If you are a already a Bitcoin Suisse client, be ready for Whitelist registration on April 17th by reading these instructions >
You can find out more about the RightMesh Token Generating Event and Crowd Contribution in our FAQs. Also, make sure you join our Telegram channel. It’s where our community learns from us and from each other, where we post all our updates, where there are great conversations about everything from the repeal of net neutrality to the benefits of using uraiden for payment channels.
This announcement does not constitute a prospectus of any sort; it is not a solicitation for investment and does not in any way pertain to an offering of securities in either Canada or the United States, and Canadian and United States residents are expressly excluded from contributing in exchange for any RightMesh Tokens in the public contribution period. This release constitutes a description of the RightMesh platform and the functionality of the RightMesh tokens; it is for informational purposes only and may change as the RightMesh technology develops over time.
