Topic: [ANN] ESSENTIA - The Decentralised User Becomes a Reality - page 54. (Read 40970 times)

Not all 107k passed KYC, it is expected to reach hard cap this week.

So whats wrong here? They had 107k whitelisted people but raised only 93% so far? I thought that hardcap will be reached in few hours.

The team needs to collect another 2 million dollars to reach the hard cap. I hope that during this week the token sale will be completed.

Dear Community:

We wanted to share today with you all the latest developments of the Essentia public engagement. It has definitely been a busy 24 hours - with over 10,000 transactions from 1000 contributors in the first hour alone. In that massive inflow of contributions, we noticed that there were a significant proportion of transactions that failed. We immediately looked into the root cause of the high failure rate and discovered a small bug on line 193 of the smart contract that didn’t allow for most of the transactions to pass, resulting in, an initially high rate of failed transactions wherein the ETH was returned to the contributor.

Yesterday, we stood in solidarity with our community and stated our commitment to run an airdrop for contributors who had more than 10 failed transactions. Today, we want to take it one step further and add weight to our words. We will run an airdrop of ESS to all whitelisted addresses that will contribute to the Essentia crowdsale.

We’ve now come out with a new smart contract, currently deployed inside the member area, where now you can contribute normally - without having the limitation of sending less than half your balance each time. Please visit https://profile.essentia.one to get started!

Last but not least, we will temporarily re-open registration and KYC via https://profile.essentia.one.

We are absolutely humbled by our community's vote of confidence and their valued contributions during the TGE, in spite of the bug in the smart contract. Thank you all once again for your continued support and we can't wait to bring our technological revolution to the world, together.

You can read the full update at https://blog.essentia.network/essentia-update-new-smart-contract-live/ 

What a journey so far. $20M+ raised and $150M in commitment. 30+ countries travelled and 50+ team members. Here’s how hard work and visionary people made it happen.

https://medium.com/@matteozago/what-a-journey-so-far-d8423507e6ab

I hope your answer was answered, if not feel free to share it here and we can answer

I'm really interested in what Essentia will be implementing machines with total rewards in the unit,
 which corresponds to 15% of the total supply of tokens!

I presume they summed up commitments from 107k people that got whitelisted...of course, thats the best case scenario
where everyone would buy his maximum

Just read their post here:
https://medium.com/@matteozago/what-a-journey-so-far-d8423507e6ab

I can’t understand what this means, but may be someone can explaine, which "150 mln in commitment" they mean?

The sale will end when the hard cap of $25.5m is reached, but will not exceed one month.

Token sale is very slow. Yesterday, $ 2 million was collected, but today people are very slow to buy tokens. When completes selling tokens?

Up to 30 days after token sale finishes, so thats anywhere between today and 60 days from now

Hi, you can check on Etherscan, enter your wallet address: https://etherscan.io, use the search at the top-right 😃
Etherscan allows you to explore and search the Ethereum blockchain for transactions, addresses, tokens, prices and other activities taking place on Ethereum (ETH)

when will team distribute bounties, after ico? any exact date?

I am unsure what you are referring to but there is no increase to the Hardcap

---

The team are the address the issue but we likely recommend you do not do so. Tokens cannot be distributed to addresses that are not KYC'd so there is a risk involved.

[moderator's note: consecutive posts merged]

is it true that everybody can send Eth to contribution adress without any whitelist or KYC  ? in some telegram chats people write so...

Token sale is very successful. I think that in 2-3 days all tokens will be sold.
Current funds raised $ 22.636.684 (89%)

What this means "150 mln in commitment"? They have ~25 mln hard cap as far I know. They extented hardcap or this funds will be refunded to investors?

You heard the news… the web giants are sinking into their own mess after it was revealed the extent to which they spy, steal and sell personal data for monetary gain. Thankfully, a group of young visionaries predicted this outcome years ago and built a lifeboat to save our digital lives, and it’s called Essentia.

It was created to bridge the divide between centralized and decentralized resources so anyone can power their data with the security, privacy and ownership blockchain provides. Now it’s in demand by international industries and governmental institutions alike. Here’s how three blockchain enthusiasts built the vehicle to transport the digital world to the next web. And why you need to know about it now!
https://medium.com/@matteozago/what-a-journey-so-far-d8423507e6ab

Yes only for those who were whitelisted but it's now closed.