We’ve announced the results of the token sale by email, thank you all for your support to the Ripio Credit Network from the beginning with are humbled, excited for the new things that are coming and very committed to start working in the next steps of our roadmap. Here a list of thing we would like to share with you.

Token sale summary

RCN raised the remaining funds needed (following their October 10th pre-sale) to hit a maximum token distribution value of ~ $37 million (121,285.66 ETH).

More than 3400 purchasers from 25 countries have participated, with the majority of token purchasers based in Hong Kong, Japan, Canada, Australia, Ukraine, and Russia, USA among others.

The existing RCN tokens is as follow:

Total token supply: 999,942,647

Tokens sold during the token sale: 485,142,647

Company tokens that will be locked* until Nov 4 at 11:50 PM UTC: 364,800,000

Network Bootstrapping pool to incentive the activity of the RCN network: 150,000,000

* Here is the SAFEBOX smart contract locking the RCN tokens: 0x98E6B07Fe87148B4de4d69CaF1d322E8e22E4f31 (https://etherscan.io/address/0x98e6b07fe87148b4de4d69caf1d322e8e22e4f31)

If you still have not added your RCN tokens to your ERC20 compatible address here’s a brief tutorial on how to add your RCN balance into MyEtherWallet and MetaMask https://medium.com/@rcn_news/how-to-add-rcn-token-balance-into-myetherwallet-and-metamask-4d81472fe54c

RCN deployment and roadmap:

We are working to launch the RCN Exchange (http://rcn.exchange) which is the initial step of releasing the global p2p credit network where we will deploy the existing loans portfolio from the Ripio wallet where +130K registered users in Argentina initially and later in Brazil could become borrowers in the RCN Network. Once the first implementation of the RCN Exchange is launched this week we will provide more information in a new post and also access to the Github repo; this is an alpha version and only the crowdsale participants will be able to register during this phase, we would like to receive on your ideas and feedback to shape the future of RCN in future version.

We are also working in the onboarding process of partnerships with wallet providers, credit exchanges and financial institutions from emerging markets like India, Mexico, South Korea, Philippines, Vietnam, Malaysia and African countries, along with further network development allowing them to integrate the RCN protocol, there will be more announcements and updates on this matter over the next 3 to 6 months.

RCN Token listing:

We have partnered with Huobi.pro, one of the biggest crypto exchanges in Asia with 2 mln plus users, that will list the RCN token with the RCN/BTC and RCN/ETH pairs starting on Nov 7; they will be also the first liquidity provider of the RCN exchange and Huobi.pro is planning to provide liquidity to other credit exchanges and wallets provider from Asia that will integrate the RCN protocol within Q1 and Q2 next year.

RCN Token also is expected to be available in other main crypto exchange around the world in the coming days, we will keep announce about the progress on this.