Last updated: January 27, 2019

GENERAL QUESTIONS

1. What are the communication channels for Taraxa?

2. Where is the team located?

Our core team development team is part of Phragmites, Inc. located in Santa Clara, California. Our team is distributed in the US, Japan, China, Ukraine, Finland, and Croatia. As our project matures we intend to develop a truly global and decentralized developer community.

Our foundation is currently located in Panama per the advice of and set up with the assistance of our legal counsel Fenwick & West.

3. Any investment details?

Since we began the project, the regulatory environment has been constantly shifting. For long-time followers of our project, you’ll note a few changes.

We raised two rounds of funding in 2018, seed and private sale. These funds were raised to help build a full time team to accelerate the development progress of the project and drive adoption of the Taraxa blockchain. These rounds have given us a comfortable runway to complete these goals, and we fully intend to deliver on our promise to our investors and our community supporters.

Given how quickly things change in this space, we’re unsure what shape the next round of investment will take. We’re constantly monitoring the market and in communication with our legal counsel, and will communicate any and all decisions promptly with the community.

4. How many tokens will there be total?

There will eventually be 2⁵³ -1 tokens, or 9,007,199,254,740,991 tokens.

We wanted to select a large number, since we expect there will be trillions upon trillions of devices connected to the Taraxa network. The number we selected is the largest safe integer in the Javascript language, and that was the basis for our choice. The large number is also selected because we wanted to avoid using floating points, as they tend to be implemented quite differently across different hardware platforms, potentially producing non-deterministic results.

Because there are so many tokens, they will likely be traded in millions or billions at a time. So if you trade them 1 million at a time, there are about 9 billion units. If you trade them 1 billion at a time, there are about 9 million units.

5. What’s the relationship with Nano?

We originally planned to reference our ledger topology on block-lattice as pioneered by the Nano project. However we’ve since moved away from it. Please see a brief explanation of why our project is no longer referencing the block-lattice topology in our first 2019 update.

However, we have not forgotten that a significant chunk of our supporters come from the Nano community and we would not be here today if it weren’t for your support — something that will definitely be taken into account in our future distribution plans.