Why is this the first we are hearing about Q3? It would have been great information to have known before investing. If you don't state otherwise, people assume that you are ready to launch soon after your sale ends. Not very cool
Factom will be publishing a development update addressing the timeline; but rest assured no money is released (33%) until the beta and chain goes live. We did not avoid publishing any of this information, it is all on the milestone guidelines on the project page.
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FSxQEXNv.png&t=665&c=GSs63lbRKNldpA)
Also, the Factoids you see in your Koinify wallet are not real Factoids, they are a "proof-of-purchase". When the chain goes live, you will enter your master passphrase you received when purchasing Factoids into the Factom wallet, in which you will then be credited your real Factoids. There will be no sending of Factoids out of your Koinify wallet. You can read more about this process here:
https://koinify.com/blog/thank-you-for-supporting-factom-and-the-decentralized-movement/------------------------------------------
For anybody else wondering, this is the sale exodus address:
https://blockchain.info/address/35gLt5EgB367enjSjyEDahhWWcy6p1MGf6?offset=50&filter=0There was appx ~$400,000 that was withdrawn and liquidated mid-sale, which is fully disclosed here:
https://koinify.com/blog/factom-executes-planned-hedging-strategy-stage-one/The itBit USD funds require the same multi-signature approval of withdrawal that the BTC address does for funds to be removed.
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Finally, if anybody has any further questions regarding Koinify or the software sales end, you can always reach out to me or shoot us an email at
hello@koinify.com