I’ve got a lot of specific answers to questions below, but I also wanted to provide a more general update today as well.

Before moving forward, I want to start by apologizing for not providing sufficient details regarding the token allocations and bonuses and providing a recap post the sale. Our intentions from the begining have been to be true to our word, be as transparent as absolutely possible, and always respect the support we have received. We committed to launch the Atonomi Network prior to the public sale and only raise what was necessary — we accomplished both. Along the way, we had to adjust our overall project timeline and general strategy in light of the volatility of crypto and the less than ideal regulatory landscape. Once more, I apologize for the lack of clarity as our intentions have always been to be as transparent as possible throughout this process.

I am truly proud of the Atonomi universe — the internal team, the global community and the extended partners and advisors that saw the need for device identity and trust through the application of blockchain technology. Collectively, everyone has worked incredibly hard to bring to life the beginnings of one of the critical pieces of infrastructure for the connected world. When billions of devices conduct trillions of transactions, security will be key, and I believe the Atonomi Network’s protocol for trust and reputation management is well positioned to serve as a key building block for it.

And — unlike nearly every other cryptocurrency project, the Atonomi team launched the full utility of the Network before the public sale of tokens. Developers can download our SDK at our GitHub NOW and begin using the Atonomi Network at https://github.com/atonomi

You can also sign up here to receive notifications of 3 upcoming Product Webinars, to be hosted by our three main Atonomi Network architects over the next several weeks. Sign up here.

Atonomi Network Architecture — with CEO Vaughan Emery and CTO Mike Mackey — week of July 23 Overview of core Centri Technology used in Atonomi — with CTO Mike Mackey — week of July 30 Focus on Reputation Management — with Chief Scientist Luis Paris — week of August 6

All of these videos will be made available as part of our video library on YouTube after they are conducted.

We’re excited now that the tokens are available to engage developers worldwide to build on it. In the coming weeks, we’ll be launching our international developer innovation program to support and encourage IoT solution developers to build applications that leverage the Atonomi Network. As part of the groundwork for the initiative, co-founder David Fragale is in Korea this week. You can join him at this Meet Up here. We are also currently engaging with potential initial test pilot customers and partners and we will have more info to share on both of these in the coming weeks as well.

Thank you again for your support of the Atonomi Network.

Now, onto specifics:

Sale Metrics

Question: What is the current circulating supply?

Answer: The total circulating supply is 567,754,055.

Note that we calculate circulating supply as all tokens that are eligible to trade — most of these tokens are not currently trading, but they are eligible to be bought/sold.

This includes the private pre-sale, the public sale (minus some customers still undergoing enhanced KYC/AML checks), all bonuses that are unlocked, as well as tokens that were made available from the Network’s Reserve and User Growth pool to the company, partners, and service providers.

Question: Has the company been selling its reserves or user growth pool?

Answer: No. All of the company and partner controlled tokens have been accounted for and none of the tokens have been released to secondary exchanges.

Question: I like the details, can you walk me through why are there 403,862,912 tokens in the main ATMI wallet right now?

Answer: Yes. ~21m of Reserve/User Growth (out of the 100m total “available immediately”) have not yet been moved to another wallet, ~40m of team tokens already were moved to a separate holding wallet, and ~10m are held by TokenMarket for enhanced KYC/AML screening on some customers.

So the total held of 432,245,945 + 21,514,545–40,000,000–9,897,578 = 403,862,912.

Question: How many people participated in the public sale?

Answer: 14,000.

Question: Please provide more specifics regarding the private pre-sale. What were the bonuses — average, highest, lowest — and who had lock-ups?

Answer: See below.

Bonus Info:

● ETH received in private sale: 31,548

● Total Tokens to be Distributed to Private Sale Buyers (including all bonus once unlocked): 362,831,367

● This represents an average 21.06% bonus from the private sale. To be clear — the typical bonus in private sale was 25% during the initial sale; in this period the highest was 35% (the very first SAFT investor, which was 3,200 ETH, or approx 10% of the whole). The bonus in the second tranche of the private sale (closer to the public sale date) was exactly 10%.

● During the pre-sale, any individual or group who had an allocation of =>1,000 ETH had their bonus locked for 90 days.

Why was there confusion regarding which tokens were locked?

● In the period between the completion of the sale and the distribution of the tokens, there were many questions around whether some tokens were available for distribution earlier than others. That question seemed to get mixed up with whether all the tokens in the presale had locks.

● To be clear, all tokens were locked and then unlocked at the same time during the period in between the token sale and the distribution of the tokens. The only exception is 1,044 public sale buyers who are required to undergo enhanced KYC/AML, these tokens had been recalled during this process that Token Market is conducting.

● The tokens that remain locked are the bonuses associated with individual or grouped contributions made over >1,000 ETH.

Question: Are the team tokens locked?

Answer: Yes, they are to be unlocked according to the following schedule.

● 60m unlocked over the course of 12 months (proportional each month)

● 50m unlocked over the course of 24 months (proportional each month)

● 40m unlocked over the course of 36 months (proportional each month)

None of these tokens have been or are currently on any exchange. Once Token Market finalizes and audits this smart contract, it will be posted on our website.

Question: Are your smart contracts audited?

Answer: Yes, both our smart contracts have been audited (by Hosho) and Token Market’s have been audited as well (by Level K). The Hosho certificate is posted on our website and available in our GitHub.

Question: Was ETH pegged to USD or ATMI directly?

Answer: At the time of the presale, the price of ETH could have gone up or could have gone down — and we believed that an ATMI-to-ETH direct conversion would be the fairest way for all parties. As such, we never planned or indicated a USD peg for the purposes of ETH to ATMI conversion.

ATMI was sold for ETH & all exchanges were directly between ETH and ATMI. In the sale, ATMI was sold in exchange for ETH at a rate of 9500 ATMI per ETH.

We are truly sorry to those who misunderstood this — as our intent is and always has been to be as fair and clear as possible to everyone involved.

For the accredited investors who participated in the presale, they received the bonuses as described above to compensate them for taking additional risk by purchasing the token before the network was launched and the public sale began.

The Project

Question: When mainnet?

Answer: We’re live on mainnet now!

Question: What will we be expecting in coming months in terms of technical development?

Answer: In the coming months we will be announcing support for Plasma and a comprehensive multi-chain strategy. We will also provide updates on the reputation algorithms jointly developed with the developer communities and strategic partners.

Question: Do you think Atonomi is trying to do too many things. Would you be able to actually provide security services to IOT products aimed at Health care, smart home, Industries and smart cities. If so, would you guys be focusing incrementally or at all one major release sort of way.

Answer: We think Smart Cities is a really promising vertical and are focusing a lot of our efforts here. We’ll have a couple updates over the coming weeks and months in this area that we think are exciting.

Also, let us take a moment to explain our chip-first strategy. You can see our parent company as an example. CENTRI Technology has a chip-first strategy as well — which means they work with companies like ARM to provide data security software at the source. As 270,000 developers build solutions with the Arm Mbed IoT Device Platform, which features support from CENTRI (take a look at this recorded webinar here to get more of an understanding of the technology integrated), by working at the chip and design level, you can have a huge impact across multiple market segments over time.

Atonomi plans to follow a similar strategy. As a result, over time you’ll see partnerships with specific application developers and companies building in specific verticals, with Smart City teams/programs that are laying the foundation for the next generation of engagement within a city, and with design/chip companies that we hope to have begin testing/exploring as well.

The Market

Question: What is your view on the state of blockchain?

Answer: Here’s my take… Blockchain has the potential to reshape how the connected world processes and shares data for years to come. But the nascent state of the technology has a long way to go from where it currently is. And to me, there’s no such thing as winning in blockchain in the short term. That is, we and many others in this space are pioneers currently building the essential protocols which will be the foundations the next generation of great companies are going to be built upon. While I expect many short-term wins on the horizon, I know that the team of the Atonomi Network is committing to achieving our goal in the long-term..

We do not comment on the price of the token because we do not want to encourage speculation in any direction. We believe people should buy the token because they want to use the Atonomi Network and/or build on top of the Atonomi Network — now and in the future.

Exchanges

Question: What exchanges is ATMI currently on?

Answer: We recognize the need for a healthy secondary market for the Atonomi token. We are concerned about fraud and have verified these exchanges have listed the ATMI token:

● Bitfinex https://www.bitfinex.com/

● BitForex https://bitforex.com/

● Bilaxy https://bilaxy.com/

● Ethfinex https://www.ethfinex.com/

● IDEX https://idex.market/eth/atmi

● Gate.io https://gate.io/

NOTE that on BitFinex and EthFinex, ATMI trades as ATM (as their system only allows three letters per token)

Question: Is the team talking with other exchanges?

Answer: Yes, having a broadly distributed and widely available token is required for the adoption of the Network, so the team is supporting other exchanges to list the Atonomi token as well.

All listing decisions and timing of announcements are up to the exchanges, and Atonomi is not providing any prior information to reduce the risk of price speculation. We cannot comment on specific timing of any exchanges.

Individual Token Use

Question: I now have Atonomi tokens in my wallet but how do I start using them to secure IoT devices?

Answer: Every Atonomi token purchaser has been assigned an account. In order to register devices on the Atonomi Network as a developer or manufacturer, please start the process to activate your account by emailing us at onboarding@atonomi.io and provide these two pieces of information:

● ETH wallet address (same one used in your token purchase)

● Email address (same one used in your token purchase)

After we receive your information above confirming your intention to register devices we will email your individual credentials and a link to access the registration portal, which will be available soon. The portal will feature instructions on how to go through the process.

‍The Atonomi Network requires devices to use our SDK and Smart Contract found on our GitHub site found here: https://github.com/atonomi. The Atonomi Token, as outlined in our white paper and terms of sale, allows users of the decentralized Atonomi Network to obtain device registration, activation, reputation management and related services