OFFICIAL ANNOUNCEMENT
Dear Bounty Campaign Participants,
We are happy to confirm that we are making progress towards completion of the TEND Token Sale activities (KYC, audit and registration) and are about to start the distribution process of the TND tokens to you, the bounty participants. Having worked through a thorough KYC review and external verification, 331,789 TND Tokens have been generated for the Series A crowdsale investors; 132’107 TND Tokens have been allocated to Series D contributors (mainly to cover the ICO costs and services).
In that context, there are two important topics to be noticed and that we want to share with you.
Firstly, it will take
more time than anticipated to mint the tokens attributed to the bounty campaign participants as we have not foreseen this overwhelming number of participants. Over the last days, we have unfortunately not succeeded in finding a technical solution to expedite the process. To carefully and securely, yet manually, distribute the tokens to every one of you, will take us up to 10 days.
Secondly, as we have similarly communicated to our investors,
we anticipate listing on Lykke around mid-year and are now in advanced talks with a number of reputable exchanges such as the Gibraltar Stock Exchange (GSX) for example. Nonetheless, exchanges (both centralised and de-centralised) are coming under ever increasing scrutiny from regulators worldwide; the majority of exchanges currently lack sufficient permissions to handle security tokens. It’s our aim to avoid
to expose token holders to unquantifiable risks and to protect the value of the TND token. Having carefully considered the overall picture, we continue to follow our prudent approach and leave
the TND token non-transferable until the listings have been made.We will be providing you with regular listing updates in the coming weeks. We thank you a lot for your patience.
Should you have any questions please reach out to us
ONLY on our BitcoinTalk thread. We will not be answering token-related queries on social media such as Telegram.
All the best from the TEND team
