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Future Token Sale
Use of Proceeds
The purpose of the first Simple Token sale is to empower an ecosystem and to help finance further development of the Simple Token protocol.
The majority of proceeds from token sale #1 shall go towards protocol and associated software development and ecosystem development.
Other expenses shall include security, legal, and regulatory matters to maintain the integrity of the Simple Token network.
Token Sale Key Dates
Early Registration Starts
The pre-registration took place between 1-13 November in order to access the Early Access sale on 14 November, 2017.
Early Access Sale Starts
1-day private sale for early registrants only. The max purchase per person in order to ensure the most people could participate has been 40 ETH.
Public Sale Starts
Token sale opened to the public until 1 December with no maximum purchase per person.
Token Sale Ends
The token sale ended at 12:59:59 UTC on 1 December 2017 with 189% target achieved.
Final Report on Token Sale
The final results from the Token Sale were published on Medium on 5 December, including a summary of buyers, distribution, and bonuses.
Participants in the Altdrop program received their altcoins between 18 and 20 December. Altcoins were purchased at market rates on 15 December.
Purchased tokens during the token sale are activated on 19 December, once activated the tokens are transferrable and tradable. (Public sale get 100% of tokens immediately, Private sale get 1/12th monthly)
OpenST 0.9.1 Release
ST holders can stake ST on mainnet and mint Branded Tokens on utility chains
Bonus Tokens Distribution
All bonus tokens are distributed to all purchasers and transferrable immediately. (Public sale get 100% of bonus immediately, Private sale get 1/12th monthly)
Why Simple Token
The new standard in blockchain technology
The business and technical challenge our team set out to solve is to enable mainstream businesses to benefit from deploying their own branded crypto-backed token economies, without the legal, regulatory, and technology headaches involved with going it alone.