ICO Update Day Six

Nuggets Remaining: 15,000,000 out of 64,000,000


Good morning. We will post a more detailed breakdown of the ICO purchasing patterns to date later today, but firstly just want to update on the general position. We had quite a steady day yesterday in terms of applications and SAFT issuance, our slowest since the start of the ICO (as expected). However, and it's a big however, we received three very large applications throughout the day which has taken our Nuggets Remaining down a lot further than it otherwise would be. Naturally we won't give out the exact amounts that were purchased, but we can say that all three were for what we term 'multi-bitcoin' amounts ie over 2 BTC.  

This has left us with the figure of 15M Nuggets remaining with, in theory, over two weeks of the ICO to run. It should be fairly obvious now that we won't be running that long - sometime next week the ICO will be closed due to a sell-out of Nuggets. Unlike some dubious ICO's, we won't be able to magically re-open it for further rounds of investment, because our whole concept of DigitalGold is based around this low, fixed supply of coins. To even think about issuing more would be totally against the ethos of DigitalGold and by increasing the supply it would de-value all existing coins that ICO investors have put their faith in by buying. Don't worry - we won't be doing it. Once these last 15M are sold, that is the end of the ICO and DigitalGold Nuggets won't be seen again until we launch in Q3!

We expect today to be our quietest day in terms of applications, but are expecting a 'last day rush' in the hours leading up to the price increase of Nuggets at 1600 UTC Saturday.


Catch up with you all later when we post the Nugget purchase breakdown (in broad figures, so don't worry about your individual purchases being posted). Have a great day.




Mr Nugget, Project Director and Founder, DigitalGold