We are pleased to announce we have finished the final review of the token sale and total tokens sold amounted to 1,586,765,669 tokens. However, as many of you are aware, we took in large amounts of money when ETH was more than $750 and BTC was more than $14,000, so market conditions have certainly added a slight cloud over the raise.
However, we did have the foresight to convert large amounts of the raise to cash in anticipation of the market downturn. Consequently, the Company is in a good position to survive as a going concern until we reach revenue in 2019.
Below is a summary of the current token budget. We plan to create separate wallets for advisors, team members, and for the unpaid portion of the bounties/airdrops so that you can track the tokens in circulation.
Based on these new numbers we will be transferring the following tokens to a burn wallet in the next two weeks. This wallet address will be released upon transfer.
Team tokens will be paid out in equal installments over 24 months. Any team members that leaves the project during this time will forfeit their right to further tokens, and the forfeited tokens will be burned on January 1, 2020 or January 1, 2021, as the case may be.
All Advisor and Bounties/Airdrops tokens not claimed will be transferred to the burn wallet on January 1, 2020.
We are now working on several commercial opportunities that we hope to bring to fruition before the end of Q1 2019. It is our hope to make the first of these announcements in conjunction with listing our token on the first exchange.
As we have stated before, we hope to stimulate an active market for our token so our hope is that the project supporters will continue to support the CPROP brand.
We anticipate our first exchange listing to be realized before the end of Q1 2019.
The website is being re-launched to reflect our current commercial focus in this post-ICO period and we hope to see the new design revealed before the end of next week. You will note the transition from a company doing a crypto raise to a more traditional, commercially-focused presentation. This is in line with our desire to integrate our software solutions with mainstream businesses in the real estate sector, helping them to leverage the power of blockchain where appropriate.
Thank you again to the community for supporting the project – we expect big things in 2019!
If you have any questions, we’d love to hear from you.
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