Hi everyone! First, we wanted to give a HUGE THANK YOU to the community and everyone who has joined us for the ride. This has been a long and exciting journey that we started last summer, and we were truly OVERWHELMED by the response over the last couple months. Yesterday, the token sale ended when we hit our hard cap earlier than planned, but the exciting phase is just beginning. When we first set out to build Ink Protocol, we never imagined we would get the amount of support that we did.

On that note, we realize that many who believe in our vision didn’t get a chance to participate. We are very sorry about that, and the team is working hard to find ways to get everyone in the community involved, even if you weren’t able to participate. The reason this happened was primarily a function of the huge demand, our small hard cap, and most importantly, the rising price of ETH from the 300s to over 1,000. If not for that last piece, we would have had a lot more cap space left. These forces really started working against us when the interest grew exponentially over just the last two weeks. As we realized the pool was getting too small, we cut off the whitelist and implemented a 1 ETH cap to broaden distribution, but still ended up with a lot more demand than we had supply for. In the end, we were excited that over 4,200 people were able to participate in the sale. The token sale is just one small step though, so stay tuned, as there will be more exciting news and announcements coming.

Here are some presale closing details and stats:

Over 4,200 people participated in the public portion of our presale and contributed 3,890.395 ETH.

in the public portion of our presale and contributed 3,890.395 ETH. The max gas price was updated to 35 Gwei before the start of the presale, and remained at 35 Gwei for the entirety of the sale . Transactions with over 35 Gwei for the gas price were rejected.

. Transactions with over 35 Gwei for the gas price were rejected. As with all Ethereum transactions, timing is never guaranteed. We tried to time our transaction to start the presale contract as close to 20:00:00 GMT as possible . The transaction was mined at 19:59:18 GMT.

. The transaction was mined at 19:59:18 GMT. The last transactions were confirmed at around 20:13 GMT, and we reached our hard cap in just under 15 minutes.

There were people who sent valid transactions within minutes of our presale start time that did not get in. Due to the nature of the Ethereum Network and how nodes/miners handle transactions, it was unfortunately out of our hands. Ethereum does not guarantee your transaction will be processed before someone else’s that was sent in after yours.

The XNK tokens have always been scheduled to be released during the Listia integration launch on 2/28 , and we will update everyone if that is able to be moved up.

, and we will update everyone if that is able to be moved up. We’ve emailed confirmations for successful contributions, but in general if your contribution transaction was successful on Etherscan, you are in.

For EVERYONE involved along the way, we truly appreciate all the support, comments, questions, and constructive feedback. We are working very hard now to make sure the Listia launch, Ink Pay app, and the general service that can be used anywhere, is very successful. More details will be coming very soon, as well as additional news, updates, and ways to get involved. Most importantly, Ink Protocol will soon be live and usable by people across the world to safely pay for goods and services within peer-to-peer marketplaces, while earning public reputation for every transaction!