OriginTrail’s token sale was successfully finished by reaching the project hard cap on the 17th of January 2018 at 15:18 UTC. After the presale round 1, on the 15th of January 2018, we got contributions of $5.3 mm (soft cap), which secured that the vision of the decentralized purpose-build protocol for supply chains will come to life. We continued the token sale after a 24h break on the 17th of January 2017 with all addresses that passed KYC added to whitelist. On this day, two important milestones were met — OriginTrail reached the presale hard cap ($10 mm) and as the crowdsale continued the overall project hard cap ($22.5 mm) as well. The token sale was successfully finished in 18 minutes after opening the presale round 2 at 15:00 UTC. In this blog post, we can share the most vital token sale stats and reveal future plans for OriginTrail.

Presale Group 1 (Priority Pass): Reaching soft cap $5mm

After announcing the final list for Priority Boarding, 373 presale contributors who applied for whitelisting first (criteria: timestamp of application and min. contribution for presale), had 24h hours to participate in the presale. On this day, OriginTrail surpassed the project soft cap which was set at $ 5 mm. No single contributor owns more than 1% of the Trace token supply.

Presale Group 2 & Crowdsale: Reaching presale hard cap $10mm & final hard cap $22.5 mm

After presenting the results of priority boarding to our community on Telegram, we invited all other interested community members that passed the KYC to participate in the presale round 2, which opened on the 17th of January at 15:00 UTC. We had a 24h break between the two rounds of presale to upload the whitelisted ETH addresses in the smart contract. When presale was concluded, the crowdsale followed immediately.

The first mined block was at 15:00:22 UTC. Transactions that had transaction fees from $10–174 went through. The second mined block had the highest transaction fee of $935, but there were also transactions with less than $10 transaction fee. During the third block(around 15:00:40) the presale cap of $10 mm was reached and the crowdsale started immediately.

Transaction costs & Support from all over the world

There were transactions that passed for crowdsale with less than $1 in gas fees. The average fee for a successful transaction was $12. But if we exclude the very high fees of only several contributors, we can see that most of the transactions with a fee over $5 and a good timing went through. At 15:06, there were already enough transactions pending for the hard cap to be reached, but due to low gas/gwei prices, those transactions were mined for the next 10 minutes.

On the graph below, OriginTrail presents the overall distribution of the token sale contribution sizes. Top countries regarding the number of contributors were the United Kingdom, the Netherlands, Australia, India, Slovenia, and the USA.