Dear Talao Community,

Our public presale is coming up on the 4th of June, and our public crowdsale starts on the 2nd of July. Taking a quick look back, the last 2 months have been amazing and game-changing for Talao:

Awesome press coverage, with meetups in the UK, France, Germany, Korea and Singapore. This coverage is fueling interest in sales for crypto-investors as well as freelancing talent who understand the importance of our protocol and DAO platform,

Our closed seed round, subscribed to by more than 50 investors and industry experts in the private sales period, plus commitments in SAFT agreements and the GEN tokens from DAOstack, have enabled us to reach financing of approx. 4000 ETH to date.

The first release of our Reputation Protocol, enabling for the first time talent to decide who can access their data and how to monetize it. Our protocol is bringing unseen portability to freelancers’ main asset: their reputation,

We partnered with DAOstack to accelerate the build of the largest DAO for freelancing talent. TALAO tokens will be exchanged with GEN tokens to fuel the DAO, its operations and financing. This deal gives a great boost to our roadmap and budget, since DAOstack is bringing in 2018 the biggest part of the DAO platform we had previously planned to deliver between 2018–2020. It will enable us to reach 200,000 talent members by the end of 2018 and 1 million by the end of 2019,

Promising business contacts have been initiated with tier 1 companies to deploy their private freelancing marketplaces as soon as 2018, giving Talao the momentum to be the first blockchain based Freelancing Management System (FMS), and fuels the use of the TALAO tokens. More news will come on this soon.

We have decided to update our token metrics, to take into account all of these great developments, adapt to market conditions, and maximize the benefits for token participants, whether their interests are short term or medium term:

The revised soft cap for the launch of the whole project (protocol+marketplaces+DAO) is 5,000 ETH or approximately $3m, The revised hard cap is now set at 24,000 ETH or approximately $14m, The management vesting period is now 4 years (4-year vesting with 3-year cliff) to show full commitment to token dynamics in the long run. This commitment of the management team is an exceptional insurance for token holders, and ensures full alignment between the management and token holders from mid 2019 to mid 2022.

Ethers collected and TALAO token deliveries are managed by a public smart contract on the Ethereum blockchain. Only investments in Ethers are accepted after a process of KYC / AML and whitelisting. TALAO tokens will be delivered at the end of the ICO.

The value of the TALAO token will be expressed in Ethers on the basis of 1000 TALAO tokens for 1 ETH.

The public pre-sale will start the 4th of June for a minimum allocation of 10 ETH and a bonus plan as follows:

from June, 4th to June, 11th : 25% bonus

from June, 12th to June, 18th : 15% bonus

from June, 19th June to June, 25th : 10% bonus

from June, 26th June to July, 1st : 5% bonus

The crowdsale will start on the 2nd of July and will end on the 29th of July or when the hard cap is reached.

All investors are permitted to participate, except US residents and persons residing in countries where the sale, purchase, trade or use of TALAO tokens is prohibited by law or regulation.