Ensuring that you get the very best out of our platform is why the Nuggets team gets up in the morning. Our users and NUG purchasers are why we are here.

We’ve got news. It’s big.

First, we’ve decided to reduce our hard cap from $50m to $30m. Market conditions have changed substantially since we launched September 2017 (this is the world of crypto, after all!). We know that reducing the hard cap now is the right move for our users and purchasers.

You’ll rightly have some questions, so here’s the lowdown to help answer them:

We’ve lowered our hard cap from $50m to $30m

35% of the token supply will be sold for $30m

The pre-sale price of a NUG has been reduced to USD $0.0069 (previously $0.0128) and the public sale price of a NUG has been reduced to $0.0086 (previously $0.016) to reflect the new hard cap

The new cap will cover all our near- to medium-term plans

The decision is supported by our early backers, who are contributing to a successful presale

We’ve had a hard look at our resource requirements, taking into account our global go-to- market strategy and upcoming partnerships, and we’re confident this new cap of $30m will account for our planned future activity. You should know that this decision doesn’t reflect any change in the roadmap for Nuggets — the concept and project is as strong as ever and growing with support.

As stated on TokenHub, Nuggets Tokens are available at a 20% discount during the pre-sale, with the public sale scheduled to start later this quarter.

The USD equivalent of any pre-sale purchase price delivered in BTC or ETH shall be determined as the average of the beginning of the day spot rate on the first day of the public sale, as reported by GDAX, Gemini, Bitstamp.

We’ve updated our white paper to reflect the new cap: you can read it here. If you have any questions about this news, or any aspect of Nuggets, please join our Telegram community and we can respond directly.