You may have seen the news yesterday that we announced our accredited crowdsale to our community, at the same terms offered to institutions and to Hedera employees in the latest funding round, with a hard cap of $20 million.
We also announced that Hedera has raised $100 million from institutional investors. As we have said before, we believe a strong institutional base is important for the long-term support and growth of the ecosystem. These institutional investors are invaluable in terms of the guidance, expertise, and experience they bring to the business. Among those, we are happy to announce that BlockTower Capital has invested, and Ari Paul is joining our advisory board. We are glad to have him with us.
Our accredited crowdsale will be open until August 15th, or until the hard cap is reached (whichever comes first) at hederahashgraph[dot]com. Please watch the video on the homepage of the website (hederahashgraph[dot]com) and read the FAQ prior to participating.
This is our final round of fundraising before network launch, and we expect that tokens will be initially distributed to investors after the network has been functional for at least six months.
Once this round is completed, we will mint a total supply of 50 billion tokens. This supply will not inflate. In other words, this is a fixed supply of tokens. A large majority of the total supply will not be sold, and will remain in Hedera treasury, to be released by the Hedera Hashgraph Council over a multi-year schedule. Specifically, to protect the network from certain classes of attack, we anticipate that the CIRCULATING supply of tokens will remain below ⅓ of the total supply for at least 5 years.
Finally, we do want to caution our community to be careful. We know there have been scams pretending to be Hedera, and no doubt those will only increase with our announcement of the crowdsale. So, please use the following precautions if you do plan to participate in the crowdsale.
Do not follow any links sent in email, social media or otherwise.
Always type in hederahashgraph[dot]com. This is the only place we will be registering interest, and the only place we will communicate with investors. Once you register, you will be provided with credentials for ongoing use throughout the process.
We will follow internet banking best practices, and never send you a link in email, never ask you for your username or password over other channels, and strongly recommend you enable two-factor authentication when you set up your account.
All of this said, please be very wary and alert for scams, over email or social media.
To participate in the crowdsale, type hederahashgraph[dot]com into your browser and follow the instructions from there.
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Our mailing address is:
224 W Campbell Rd Ste 504
Richardson, TX 75080-3512