This is an important blog post and we encourage everyone to share immediately wherever you can.

The messages began to reach us soon after the April 15th deadline. First, we heard from long-time SDC holders who missed out on the funding round because of withdrawal limits on the exchanges their tokens were banked. Then community messages from SDC holders with tokens still on sites who wanted directions or a simple walk-thru explaining the exchange process, only to find out the funding period was over. Lastly, emails came in from SDC holders wanting to remove tokens off exchanges and couldn’t generate addresses (because the exchange period had ended) so instead were sending SDC to the token exchange address in hopes it would convert to PART.

Needless to say, conversation surrounding the fate of SDC was being discussed everywhere long before April 15th arrived. While we probably will never be able to trace the full 23% what we do know is that roughly 1 million SDC were spread out on several exchanges when the token seed round ended. And though the Particl team was communicating to exchanges through the funding round, nobody anticipated that amount would remain on exchanges for a project no longer being actively developed.

Community Driven — Community Shared

Early signs of community initiative is strong within Particl and I’m proud to share the result of the constructive debates happening daily throughout our community channels.

The Particl community and team have stepped up to Create a Cause for long-term SDC holders that have missed the exchange window. We understand not everyone is looking at their portfolio every day, and believe long-term holders should have a second opportunity to claim PART.