Hey, Michael Wagner. I would like to note you sold 648,623 TKS during ICO for 15k - 33k satoshis, which is the circulating supply right now.
Please tell us what you plan to do with the rest of the tokens. Let me remind you that Bittrex has this distribution chart which can clearly show the amount of tokens in each TKS wallet.
Let's keep things professional, ok?
If you do this right, the market could be stable at $1 per TKS ($648,623 marketcap, fair?) which WILL improve your next crowdsale in the future.
Sidenote: LOLZ, the sell order side looks like the bounties of 50 - 150 TKS being sold.
Please tell us what you plan to do with the rest of the tokens. Let me remind you that Bittrex has this distribution chart which can clearly show the amount of tokens in each TKS wallet.
Let's keep things professional, ok?
If you do this right, the market could be stable at $1 per TKS ($648,623 marketcap, fair?) which WILL improve your next crowdsale in the future.
Sidenote: LOLZ, the sell order side looks like the bounties of 50 - 150 TKS being sold.
Your figure is fairly accurate, although there is an extra 100k or so that was paid out of the Founder's Share to various parties who assisted with the ICO, i.e. escrows, marketing, promotion, bounties, etc. True 'circulation' should include the 2.5M Founder's Share units, despite the fact that those are a long-term hold for us. We've submitted a request for addition to CoinMarketCap with those figures in mind.
We've extensively discussed the unsold units throughout this thread, and in fact have a question dedicated to it in the FAQ. Nevertheless, I'll repeat here that those units are retained in a reserve account, and can later be sold via private sales to institutional investors, or via a secondary offering. Of course, any future sales would be based on financial status of project reserves, budgetary needs, and would not be executed in a fashion that negatively impacts the market (no dumping). I'd encourage you to continue monitoring the Bittrex distribution chart, as it simply validates the statements we've been making that our interests in this project are long-term in nature. We are still just in our seedling stage, with huge potential for growth in both the blockchain industry as well as the cannabis industry.
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