Hi guys.
Some of you asked about the KRL supply and the potential unbalance due to the current sale result (almost 16M token sold).
We have studied all the possibilities to be fair with the community as well with the projects needs.
We analysed all their advantages and disadvantages and here is what we propose:
1 - We will reduce the max supply from 220 millions to 70 millions KRL!
This will be done as follows:
- We are going to burn 44 million KRL of the non-saleable part (from 76M to 32)
- We reduce the saleable KRL amount from 144 millions to a maximum of 40 millions.
2 - We will extend the ICO by one month to have time to continue marketing & MVP promotion efforts/investments.
New ICO end date = 20th April, 12 Noon UTC
This will have several advantages:
- More time in the current bearish market will help us achieve the ICO in a better way
- A 70 Million Max supply will have a strong effect on KRL tokens valorisation.
- This brings the current distribution (if no more krylls were to be sold) to 33% for investors, 33% for company (legal/advisors/team vested for 1 year), 33% for the community (user acquisition/contests/hackathons).
- Each token sold from now on will increase the share of investors in the token supply.
POLL (24h, till March 15th, 5 pm UTC)
Take part in the poll on our Telegram channel : https://t.me/kryll_io (see pinned message)