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.
Where is this 4000 + community? Where is it? Your slack is closed, you didn't even had 1000 members the day you guys decided to close your slack because the scams attempts. I remember the slack because i was there. Your slack felt alone. I don't think the 1000 members are real, they probably just suscribe to your slack channel for never coming back, if you had a BIG community as you say you have, you will have raised more than 200K USD.
Now what you say about keeping the tokens locked for 1 year to the benefit of the token holders and community is PURE bullshit. The only thing that is going to benefit the investors is a token burning session. You are only going to use these 98-99% of total supply tokens you are keeping to dump on the market after 27-09-2018 and create a selling pressure. Don't say is to the benefit of investors because the only thing a investor wants to see is their investment growing in profits, no one wants to own an asset that will only decrease in value. And no one wants to own an asset that is 99% supply controlled by a group of people. Tell us please what demand on the market you could expect from a coin with such characteristics.