After several internal debates, discussing with our community members & advisors, we have decided to reduce our token-sale hard-cap to $40M. Not because we would have any tougher time raising $60M, but due to a multitude of factors that range from creating better economic structures for our backers to the rapidly rising price of ETH.

The final token allocation will be as follows:

Why we reduced hard cap

- We are bullish on the overwhelming response received in our presale. Funds and strategic investors have shown great interest in the project and substantiated it by the presale commitments

- Strategic investors are keen to see company expansion in first phase before catalyzing second phase of growth

- Reduced hard cap of $40 million will help us achieve first phase of growth as defined with board, strategic investors, and advisors

- After 24 months, if needed, the company will access the reserve pool of tokens for additional liquidity

- We also believe reduced hard cap will help us to maintain right balance between strategic investments and public contributions.

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