Hi Everyone,
We thought we would clear up some of the misconceptions, provide an update and reconfirm what we have always said.
In terms of the Token-Sale while we would have liked to have sold more tokens we are reasonably pleased with the sale especially given the timing around the fork. Were also very happy with the large STASH community (4,000 +) that has been built as a result of the sale.
As we have always said we will continue to develop the project irrespective of the amount of tokens sold and soon plan to add new developers to our team.
Additionally, as it is clearly outlined on the stashpay website any tokens not sold during the sale will be allocated to the Company and will be sent to the STASH Vault and locked until 27-09-2018.
Our overwhelming goal is to use these tokens to increase the value of the project for the benefit of all tokens holders and the community as a whole. We plan to do this by using company tokens to attract retain and remunerate additional developers, for marketing purposes and to increase the rewards to the miners and Incentivizednodes by increasing the block reward in the STASHPAY.IO software.
This means that a large proportion of the company tokens will be used to incentivize long term holders of tokens by reducing initial circulating supply and increasing future rewards for STASHPAY.IO miners and Incentivizednodes.
Its taken a lot of hard work to organize the token-sale and going forward we plan to continue to work hard to develop the best product we can.
Were excited about moving the project forward and we apricate all the support from the community.