Our community has been asking and waiting…and now…we are so excited to announce May 30th as the rescheduled date of our Crowd Contribution — the final round of our Token Generating Event.

Read more here: https://medium.com/rightmesh/crowd-contribution-date-announcement-may-30th-34ab74c4b88a

We briefly paused this final round, originally set for March 27th, when we were approached by the British Columbia Securities Commission (BCSC) to clarify some details to ensure we were in compliance with local regulations.

We worked hand-in-hand with the BCSC to achieve legal certainty, and we are so pleased and excited to be ready to proceed.

In the associated press release, John Lyotier, CEO of the RightMesh project, clarifies why RightMesh AG believes this delay was the “right” thing to do:

“The regulatory environment for Token Generating Events is quickly and constantly changing. We never wavered in confidence that we had done things right, but because we are striving to set new standards industry-wide for compliance, it was essential for us to pause, reflect and clarify. The small delay, in the long run, will be the best thing for our community and for the industry as a whole.”
We are anticipating an active and exciting Crowd Contribution phase after our first two successful phases: a private allocation round for accredited investors in early January which reached an $18M cap in less than one week, and a public pre-allocation phase which closed in only 8 hours and 4 seconds.

We want to take this opportunity to thank you — our community — for contributing to the success of those rounds and for your unwavering support during this delay. It has really assured us that we are all in this project for the ‘right’ reasons, which will benefit the long term health of a dense and robust network.