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When launching the STAHSPAY Token sale we asked that all participants that wanted to be involved read and understand the whitepaper and terms and conditions. The majority of participants have done so and we have had no issues.

However it appears that some individuals don't understand the mechanics of the STASHPAY Token and as a result of being uniformed, some have started to spread false rumours. Therefore we have taken the time to write this message in order to clear up any misconceptions.

Granted the STAHSPAY project is not straight forward and the following should be understood by anyone trying to evaluate the project based on facts.

STASHPAY Tokens are ERC-20 compatible tokens distributed on the Ethereum blockchain.

STAHSPAY Tokens which are based on the Ethereum blockchain will be fixed and non transferable within 48 hours of 27-09-2018.

To reiterate that's 27-09-2018. Which means that for around 10 months once the STASHPAY Tokens are distributed, after the sale is over, owners of STASHPAY Tokens will be able to, if they wish, transfer and trade their tokens.

STASHPAY tokens can be transferred to any compatible wallet until 27-09-2018.

Also it is important to understand that were building open source STASHPAY.IO Software which is designed for an independent blockchain separate to Ethereum. However we will not configure and/or launch any public blockchain adopting the open source STASHPAY.IO Software. Any launch of a blockchain that adopts the STASHPAY.IO software will occur by members of the community.

It is also important to understand that prior to 27-09-2018 STASHPAY Token owners will need to map a public key to their account in order for their STASHPAY Token balances on the Ethereum blockchain to be recognised on any blockchain that may be launched based on the STASHPAY.IO software.  Instructions on mapping  public keys to STAHSPAY Token balances will be provided once the Token sale is over.

STASHPAY Token owners that do not map a public key to their Ethereum address before 27-09-2018 will not have their STASHPAY Token balance recognised on any blockchain that adopts the STAHSPAY.IO software.

After the 27-09-2018 once the STASHPAY.IO open source software is released any member of the community will be able to generate a JSON file containing the mapped balances of STASHPAY Tokens on the Ethereum blockchain and launch a STASHPAY blockchain using the STASHPAY.IO open source software.

Like with any new project there are risks involved. The STASHPAY.IO Software is complex and has its own specific risks. Including no guarantees that the STASHPAY.IO Software will ever be adopted, the STASHPAY.IO Software will be adopted as developed by us and not in a different or modified form, a blockchain utilizing or adopting the STASHPAY.IO Software will ever be launched and a blockchain will ever be launched with or without changes to the STASHPAY.IO Software and with or without a distribution matching the fixed, non-transferable STASHPAY Tokens balances.

Having said all that, the STASHPAY team will continue to work hard to develop the STASHPAY.IO software and ultimately it will be up to the community to launch and adopt the STASHPAY.IO software on any blockchain. So far we have had a lot of support from a lot of great individuals that have joined the STASHPAY community. We hope the community will continue to grow as the project evolves.

We welcome any questions.

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News taken from Main Thread


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.

It’s 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.