Quote from: JungleOnion on November 06, 2017, 01:17:06 AM

Quote from: cava on November 05, 2017, 09:01:08 AM

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.

I'm glad you're clearing things up for people to better thing their fud before they speak because it's nothing more than that. All coins and tokens are trying to benefit from btc price: trading at a dirt cheap price. People seem to want more % of stash because of being afraid of devs dumping tokens so they just want their holdings to be stronger also in relation to the team's holdings. If tokens aren't going to be burnt, the initial investor should not be worried because it's because of him that the project's funding started in the first place so the initial investor should have kind of a priority due to being such a small percentage. If people investing in the ICO were less than 5% then I don't see why those unsold tokens couldn't potentially benefit initial investors that kept long term holdings in the future.

But is true, only true development and community engagement can make this token grow. I think trading will go well after stabilising a strong community. But loosing time right now by not creating this strong community and instead, shutting down the slack was not a wise decision in my opinion.

Yes, ultimately it will be the development of the project and how the community gets behind it that will determine the value of token. Overall we feel we have a pretty strong community so far and we hope to build it further over time.

We definitely would have liked to have kept the STASHPAY slack open but unfortunately due the various scams targeting prospective STASHPAY participants we had to temporarily close it.

We plan to reopen the slack once the STAHSPAY token-sale is over. We will let everyone know once its reopened.