March #2 Update
https://medium.com/consensus-ai/march-2018-consensus-ai-project-update-2-70534cc30c18March has been an eventful month for the Consensus AI team, and in this second update we are happy to share some of our results and announce further project updates with regards to the SEN token sale and airdrop tokens distribution:
Strategic Partners Token Sale
We have completed the strategic partners token sale for the Consensus AI project. Early on we received an overwhelming interest in the project and decided to work with a select group of partners and investors, who would accelerate our development and growth and be additive to our vision and mission. We were extremely fortunate to partner with some of the leaders in the decentralized movement and artificial intelligence community, and we wanted to give them the preference to purchase SEN tokens. Due to the token demand, as well as the changing global regulations regarding the token sales, we decided to only offer the tokens for purchase to the strategic accredited investors, who passed our KYC process.
Consequently, we will not have a public sale of tokens at the moment. We may offer some tokens for sale to additional strategic partners, most likely traditional venture funds, in the future, and these will be native Sentient network tokens, not ERC-20 tokens.
Airdrop Token Distribution
Due to the recent regulatory ambiguity regarding the classification of airdrop tokens, we have decided not to distribute the airdrop tokens before the main network launch, but rather provide all the airdrop participants with the native Sen coin on the network at the time of launch.
If you have participated in the Consensus Airdrop, please note:
As long as you control the Ethereum address provided to us, you have a guarantee that you will be able to control a corresponding address on the Sentient network, which will contain the correct amount of Sen, as encoded in the genesis block.
We will make the Sentient network genesis block available online before the network launch for full transparency.
We’ve already started working on a tool that will allow you to check if your address is included in the genesis block, and securely generate and download your Sentient digital wallet.
This decision was taken to ensure the project long-term success by staying within the regulatory compliance framework. Additionally, this will give everyone who participated in the airdrop more time to claim their Sen — to date, about 46% of all participants filled out their Ethereum wallets in their Mothership accounts. Originally we planned to close Ethereum wallet submission on March 25, but we are now extending this deadline until the network launch.
We are also migrating the accounts from the Mothership infrastructure to Consensus AI website and will have end-to-end control of the process to accelerate delivery, integrate and improve the user experience. Mothership assisted us during the initial stages of the project and we’re now moving to the next stage, where we develop everything internally.
Accelerating the Network Delivery
With this additional funding now available, we’re able to accelerate some of the project timelines and are now planning to deliver the network in Q2, ahead of the originally proposed schedule. Our own internal deadline is early June 2018.
