Earlier this year when Metadium hosted a private sale exclusive to a limited number of investors, we had no idea that there would be this much institutional interest. We were grateful and honored — it had validated our belief that we had something very special in the works. 38,000 ETH was raised in an incredibly fast two days, with 50% of the META tokens almost instantly sold.

We were amazed, excited, and we felt an incredible sense of relief that we were well funded to truly change the world through our protocol. It was never our intention to purposefully leave out the public, and we promise to do whatever it takes to gain your support in building a world where we are truly in ownership of our own identities.

We can say with confidence that we are currently the best positioned project to achieve this dream. We are incredibly blessed to have Coinplug, as our parent company and technology partner. With over 185 blockchain related patents and a wide variety of projects in its portfolio, Coinplug has placed itself as one of the global leaders in blockchain technology.

Metadium’s strategic partnership with Coinplug sets Metadium apart from other identity related projects, and that will be evident in the near future. - COO, Richard Yun

Metadium’s ground-breaking technology, the META ID also played a major part in the enormous institutional interest. The META ID combines an individual’s mundane identity and virtual identity, a technological feat that has caught the attention of companies across numerous industries. This excitement and interest across various industries has kept Metadium, as well as its investors, optimistic on the possible real life use-cases.

We thought that a private only raise would help us to focus solely on developing the protocol and making partnerships, while drowning out the noise of volatile price action and people focused only on profits. However, without a community to support us, encourage us, and keep us going, things can get a bit mundane. We sincerely want to share this excitement and vision with you, the community that we need.

Through this article we hope to illustrate our vision and and be as transparent as possible with where the raised funds will go. There has been some serious misconceptions on our intents and where the raised funds will go, and we hope that you will understand that the decisions that we made were well-intended for the long term goals of a revolutionary decentralized identity platform.

As we have previously posted before (Metadium‘s Token Metrics — Curiosity Resolved), 50% of the 2 billion META tokens in the ecosystem were sold. However, we did not do a good job of explaining where the other 50% would be going. Below is the fund allocation from the private sale: