150M AST for 119,511.44 ETH

We sold 150M of a supply of 500M AST. At the time of sale, proceeds were valued around 36M USD. The following token amounts were distributed through each of four sales: a pre-sale, beta tester sale, main sale, and the L(AST) chance sale.

104.8M AST pre-sale for larger buyers

pre-sale for larger buyers 3.2M AST allocated for beta testers

allocated for beta testers 30.1M AST sold in the main sale

sold in the main sale 11.9M AST remainder sold in the L(AST) chance sale

At the very beginning of the day on October 10th, we kicked off the beta tester sale. This was a sale for members of our beta tester group as a thanks for their support, which included a 20% discount. We only ran it for a few hours prior to the main sale, so we re-opened it on October 12th to allow the rest of the betas a chance to participate.

Once the main sale opened on October 10th at 10:10:10AM ET, there was an initial surge of sales, which grew consistently until it was closed at 9:00AM the following morning. The price was 1,000 AST for 1 ETH, and each participant was given an opportunity to purchase 3,300 AST for 3.3 ETH, which was referred to as the individual cap.

After 9,447 buyers participated in the main sale, there was a remainder of 11.9M AST available for purchase. We sold this amount without an individual cap in the L(AST) chance sale on October 11th at 10:10:10AM ET.

85% sold out in the first minute, and the rest was sold over the course of 15 minutes. There is evidence that a significant number of orders were requested and filled programmatically. There were over 16,000 active sessions established at the opening of the last chance sale. We’ll follow on later with a more detailed technical report.

9,447 people from 135 countries

In order to protect the project, the community, and the world around us, we chose to run a KYC process that we referred to as the whitelist. We had two checks in place, one to check country, and another to check against international watch lists. We were unable to include Chinese and North Korean nationals in our sale.

We scheduled the registration process to run from Wednesday, October 4th at to Friday, October 6th at 4:00PM ET. However, after the first 24 hours, we realized that submissions were growing too quickly for us to be able to process them before starting the sale the following Tuesday. We were forced to pull the plug and landed on the following participation numbers.

18,361 registration submissions

registration submissions 13,877 unique Ethereum addresses

unique Ethereum addresses 12,719 qualified participants

qualified participants 9,447 token holders

Our registrants represent 135 countries around the world. Given this global audience, we decided to run the main sale for 23 hours from October 10th at 10:10:10AM ET to October 11th at 9:00AM ET. The top 10 countries represented were: