After a period of careful discussion and negotiation, Taraxa has closed its private sales round. We want to thank all our supporters and investors for your faith in our vision and our team.
Our philosophy during this private sales round has been focused on finding anchor investors from IoT and IoT-relevant industry sectors who share our vision of advancing IoT applications and adoption by making its data more widely shared and traded, and most importantly, investors who can bring concrete, practical applications onto our public ledger which solve very real problems in their current IoT-related business models. Although Taraxa is a public ledger, it has been and will always be application-driven.
Our team’s current focus is on development and recruiting to create a working prototype that can demonstrate many of the performance claims made in our original whitepaper (completed in March 2018 but has only been made available to our investors and strategic partners). We believe having a working prototype is of critical importance when it comes to convincing ourselves that our theories work, establishing credibility to our potential ecosystem partners, and having an actual platform to work with in creating further prototype applications with our partners.
We are aware of the thirst for information from you, our growing online community of supporters, and we wish to assure you that we’ll update you as soon as we have something concrete (read: actual progress) to update.
Lastly, any potential followup fundraising and distribution are still being reviewed by our legal advisers. In any case, all subsequent distribution activities will be after the release of a working prototype.
Thanks and please stay tuned.