With our PAX token public Pre-Sale having ended on October 31st 2018, we would like to conclude and summarize the whole process, mention some major accomplishments and give the community an outlook on what is next to come.

Public Pre-Sale and Seed Phase

On August 1st, 2018 we started our Whitelisting process, one month prior to the launch of the public Pre-Sale. We gave the general public the opportunity to participate in our Token Sale at a discounted price of 50% with an additional bonus of 10%, whenever one contributed with Lisk. Out of 100,000,000 PAX token, a total of 15,000,000 were allocated to this sale. The price per token is valued at 1 Euro = 1 PAX.

In parallel, we have had tickets still left for our Seed Investment round where larger investors could get personalized deals with us. For this, we allocated 10,000,000 PAX token to these investors. The price per token was differently negotiated with every investor based on the risk they took and the help they offered besides the investment. To not lower our negotiation position in these investment rounds, we decided to not publish the individual PAX token prices yet.

All in all, we offered 25,000,000 PAX token (25%) up until now to the general public as well as seed investors.

Growth and Accomplishments

From the beginning of the Whitelisting, up until the end of the public Pre-Sale, we grew our social media channels completely organically, which we are truly proud of, and generated a lot of interest in the Pre-Sale. Here are some statistics:

Telegram: 1120 Members (+150%)

Twitter: 1809 Follower (+ 132%)

LinkedIn: 366 Follower (+50%)

We are proud to have received additional support and investment by Max Kordek, the Elite Center and Postera Capital. Furthermore, Max, the CEO of Lisk, invested an additional 120,000 Euro in MADANA.

Furthermore, we wanted to give a big shout out to our Ambassadors who support us rigorously in the USA, Russia, China and Poland!

Pre-Sale Conclusion

At this point, with the finishing of the public Pre-Sale, MADANA sold 9,153,332 PAX token from the combined Pre-Sale and Seed Phase allocation of 25,000,000 PAX token. This means that there are 15,846,668 PAX token left for both allocations combined.

The total amount of raised capital is equal to 1,420,040 Euro. We are in the process of setting up a reasonable liquidation strategy and therefore we will not sell currently raised cryptocurrencies in the foreseeable future.