Hello everyone!

My name is Kirill Silvestrov and I’m here to announce the final results of the Eternal Trusts token sale.

As you remember, the collected funds turned out to be lower than the targeted soft cap of $7 million. In order to gauge the opinion of all project stakeholders, we initiated a voting procedure on how the project should continue.

During the voting stage, we were also communicating closely with our advisors, partners and potential adopters of the protocol to come to a measured, strategic decision on how to proceed with the token sale.

After 12 days of voting, the community has voted to initiate a refund, and after our own very careful analysis, we agree with the community that the refund would be the best solution in terms of strategy and business development.

Despite the unsuccessful token sale, we thank each and every one of you for your support and feedback. This doesn’t change our goal to develop the world’s first fiduciary crypto protocol. Our development is largely open source, so we have plans to incentivize more open source developers and continue bootstrapping the project.

Below is the FAQ about the token sale and the refund process (we will be updating this list along the way):

What were the voting results?

The 3d option won in the community voting. This option implied that Eternal Trusts should return funds to those who purchased tokens during the main sale, and the refund will be equal to the amount of crypto contributed, for example, if a contributor purchased tokens for 1 ETH, they will get 1 ETH back. If you have contributed to the Eternal Trusts main token sale, you can check the results in your personal cabinet by going to https://eternaltrusts.com/cabinet/poll.

Why did you decide to have a vote?

Above all, Eternal Trusts is an open source, transparent, decentralized organization, and we believe that it’s up to the community to govern and decide how such projects should develop. The potential protocol adopters and crypto trust settlors were also very involved in the strategic decision-making process, so their opinion was very important to us.

Are there any other reasons for going with the refunding route besides the voting of the community?

Yes. After long consideration, we believe that this decision is the smartest one in the long-term for the project and for the community as well. The reasons for this are:

The opinion of large token holders: We talked privately with many large token sale contributors, who mostly consist of potential protocol adopters. After undergoing a careful due diligence, they unanimously suggested that the refund is the best option in terms of strategy and business development. The opinion of our advisors and the current crypto market conditions: For the past few weeks, through multiple analysis sessions with our advisers, we came to a conclusion that to make refunds would be the best decision for the current crypto market conditions. We haven’t achieved the softcap and the hardcap and the adoption of our protocol is yet to come, that’s why it’s a very unlucky time to generate tokens. In case of a premature token generation, we predict that the token holders will incur losses— we can’t allow this to happen. The opinion of traditional investors: As we stated before, Eternal Trusts has started the acceleration program in Batchery, a business incubator in Silicon Valley, and there is every reason for us to count on the arrival of traditional VCs and angels, which will be a critical element in terms of the trust of our customers. Legal risks with lowering the soft cap: We haven’t achieved the soft cap and see legal risks with listing tokens anyway, considering the terms and agreements that people signed while contributing to the project. Token holders proposing another means of contributing to the project: Many ICO investors who subscribed to our whitelist during the bearish crypto market, have decided to suspend their transactions and offered to invest in traditional equity instead, which implies a different legal infrastructure than a token sale. Legal complications of going into the traditional financial markets via a token sale.

How to receive the refund?

❗️ If you participated in the main sale, you can receive the refund by heading over to your personal cabinet at https://eternaltrusts.com and clicking “Apply for a refund” in the side menu. You should submit a cryptocurrency wallet address (of the same cryptocurrency you were using to send funds to us), and the team will start processing your request. Please do not submit cryptoexchange wallet addresses! Keep in mind that you will have to read and agree with the Eternal Trusts Refund Agreement to receive your refund. If you experience any technical difficulties, please message us as soon as possible onhttps://t.me/eternaltrusts

I won in the “dream competition” campaign or the airdrop campaign, will I lose my tokens?

Regardless of the outcome of this token sale, we want to continue developing the project and are likely to repeat the token sale in the future when the crypto market would allow for achievement of not only the soft cap, but of the hard cap as well.

We offer those of you who received tokens in the dream contest to “freeze” your stakes in order to be distributed automatically in the new token sale that may happen at a later date. It means that in case of a successful next token sale or token generation event, you will be able to claim your stake in tokens. Please log in to your Eternal Trusts personal account and submit your EOS account name to preserve your stakes until the next token sale.

I participated in the bounty campaign, what should I do?

Please head over to our bounty chat and carefully read the pinned post: https://t.me/ETTBounty

What are you planning to do with the project?

We have no plans to stop developing the project despite the unsuccessful token sale. If you would like to continue supporting the development of our fiduciary crypto protocol, stay tuned for future announcements.

There are things still unclear for me. Where can I ask questions?

Please head over to https://t.me/eternaltrusts. The team will be on hand to answer all your questions.

We are very grateful for your support, let’s keep in touch!