Thank you very much for always supporting ALIS. After the ICO, very talented designer and engineer have joined our team, and we are now developing for release of beta version in next April. Today we have two important announcements. First is about burning ICO left over ALIS tokens and second is about lock up of tokens which ALIS founders hold.

The burn will be completed on November 17th.

As we have announced on Twitter and Slack already, we are now preparing for burn in November. As a preparation, the total number of issued ALIS token will be temporary 500 million. The number of token will be about 80 million after the burn in November, so no need to worry. All the temporary issued, tokens are held by the team which means the numbers in the market has not differ. The burn is scheduled on November 17th.

October 24th, Tuesday: Preparation of burn. Total issue of ALIS token will be temporary 500 million, same amount as ICO max cap.

November 17th, Friday: Burn will be done. Total amount will be about 80 million. ※The schedule could change without prior notice.

We made this decision to prevent possible demerits to the ALIS media economics which could be caused by the team holding too much tokens. Due to the burn of team held tokens, the value of token held by our investors will relatively worth more comparing to when not burned.

*This does not commit short team price raise of tokens.

# P.S. We have Successfully burned ALIS tokens on 17, November, 2017

As we told you before, We have successfully burned ALIS tokens. We believe this decision will do have a good effect on ALIS ecosystem in the future.

Click here to check the details of burning plan

Click here to check the Total Supply of ALIS token

Tokens held by ALIS founders will be locked up.

We will also lock up the tokens held by ALIS founders, about 15% of total issued tokens. During the lock up period, no one can sell or buy these tokens. This will prevent the founders from not committing to the long term product development and selling out the tokens on early stages.

Number of tokens locked up:

15% of final token issued

Lock Up Process

We will prepare a lock up wallet, open source smart contract which is now being developed, for founders’ tokens.

We will announce URL of Etherscan to be confirmed after the wallet is deployed

*The lockup period will be announced in this article later.

No one, including the ALIS member, can move the token until the lock up period ends and anyone can check it on Etherscan. The safety will be guaranteed by Ethereum blockchain, because fraud is logically and technically impossible.

This lock up is only applied to tokens held by the founders and it does not affect the number of token distributed in the market.

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Twitter : https://twitter.com/ALIS_media

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