What is the circulation of the stash supposedly on the network?
Bellow was posted by the Stash team?
Hi Everyone,
We would like to provide you all with an update of the final numbers for the STASHPAY (STP) Token distribution.
All STP Tokens have now been distributed and the Stash Vault has been frozen.
If you cannot see your tokens in your address, make sure you save the following parameters in your wallet:
Token Contract Address: 0xecd570bBf74761b960Fa04Cc10fe2c4e86FfDA36
Token Symbol: STP
Decimals: 8
During StashPay token sale 7,144,523 STP Tokens were purchased for a total of 15.548 BTC and 651.79 ETH.
There was also 1,108,150 STP Tokens distributed for bounties and there are 300,000 STP Tokens that will be sent out for the StashPay Draw shortly.
This means there is a total of 8,552,673 STP Tokens in circulating supply. These are the only STP tokens that can be freely bought and sold.
The remaining unsold tokens of 352,555,477 have been placed in the Stash Vault. The Stash Vault has now been frozen and hence these tokens cannot be transferred on the Ethereum blockchain.
The frozen STP tokens in the Stash Vault are an important resource and the intention is to use them for the benefit of the StashPay project. This may include allocating tokens to partnerships, burning tokens to reduce supply or adding them back to the mining pool for the benefit of miners and Inodes. However, it is important to understand that these frozen STP tokens cannot be transferred on the Ethereum blockchain and are out of circulation until the StashPay.IO software is finalized.
Additionally, all team and advisor tokens are also frozen and cannot be transferred until the StashPay.IO software is finished.
Lastly there is 36,291,850 in STP tokens that are being held in the Development and Advisor pool. The team may use these tokens over the next 9 months as an additional resource to help with the project development as well as to attract new talented team members and quality advisors to the project.
So to summaries there is only 8,252,673 STP Tokens in circulation these are the only tokens that can be freely bought and sold. The Stash Vault and all team member and advisor tokens have been frozen until the StashPay.IO software is finalized. These STP tokens cannot be transferred on the Ethereum Blockchain.
The StashPay team has moved to research and development mode. We are exploring various exciting possible partnerships and are looking to add more talent to the team. We will keep you all posted on any developments as they happen.
Regards
StashPay Team