The SpankChain Auction is Now Complete

Nov 21, 2017 · 4 min read
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The SpankChain global token sale event is now complete! We were overwhelmed by the show of support and interest from the community and are happy to announce that we have now distributed 300,043,386 SPANK tokens.

This puts our initial valuation at $23.75MM (with a price per token of approximately 7.9*10e-6 ETH[0] or $0.02375), selling ~30% of the total tokens (300M), raising 19,480 ETH.

Buyers that bid above the market cap:

  1. Next, go to Metamask and copy the new Token Contract Address from Etherscan here.
  2. Add that address to your Metamask wallet.
  3. Profit. The correct tokens have already been transferred to your account

Buyers that bid below the market cap:

  1. Enjoy.

This token contract address is NOT the same as the auction contract address. True SPANK can be found here on Etherscan.

Displaying SPANK in MetaMask

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2. In MetaMask, paste the SPANK token contract address 0x42d6622deCe394b54999Fbd73D108123806f6a18 in the “Tokens” tab in the “Token Contract Address” textfield (other textfields should automatically populate correctly).

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Depending on the state of the nodes that MetaMask uses to connect, the token tab may not populate with your SPANK amount. If all else fails, refresh!

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Biting Decimals:

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The SpankChain team is committed to advancing blockchain technology, businesses, and relationships in any way that we can. Unfortunately, sometimes we make mistakes. When that happens, we rely on the support and diligence of our loving community to help us identify problems, solve them, and then learn from those experiences.

With the help of the SpankChain community, we discovered a bug in the withdrawal function. This led to some of you viewing your tokens as several million times less then your expected value. While frustrating, this turned out to be a fairly minor bug. 99% silly, 1% annoying. All funds/tokens are safe and have now been distributed!

The Mistake

The Remedy

Preventing future errors

What’s Next

Connect with SpankChain


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