By Essentia

Posted June 29, 2018

  • Dear Essentia Community,
  • The day we have all been waiting for is finally here, and we couldn’t be happier to announce that our public engagement was successfully closed! The hardcap was reached with $25.5m raised.
  • The reason for the success of the Essentia TGE is mainly the unwavering support of our enthusiastic community. We would like to express our gratitude to everyone one contributed, as well as to our wise advisors who provided their professional insights. These days gave us a sense of purpose and instilled confidence in the fact that we are doing the right thing.
  • Numbers
  • Private Sale: $20.000.000
  • Public Sale: $5.500.000
  • Total Amount: $25.500.000
  • Bear in mind that all ESS tokens will be sent to you 7 days after the official TGE closure!
  • Airdrop
  • During the first day of the Essentia TGE we encountered a problem when a significant number of transactions that didn't go through (and needed to be repeatedly resent). This was due to a single line in the smart contract that wouldn’t let contributors send more than a half of the balance.
    Of course, as soon as we discovered this issue, we immediately solved it and redeployed a new, fixed smart contract. Nevertheless, trying to stand in solidarity with those who faced this issue, we want to announce that we will be performing an airdrop of ESS tokens to all whitelisted addresses that contributed.
  • What is next?
  • Exchanges: in order to give people who didn’t manage to contribute during the TGE to take part in the project we are currently in discussions with 2 of 4 major exchanges! Stay tuned for the upcoming announcement!
  • Development: we consider the TGE to be only one step (though a very important one) towards our main goal - a decentralized world. This is why we will continue working on the project’s development, in particular on our Demo - we are planning to add a lot of new dApps and features. As we’ve also announced recently - we are starting to develop a second pilot for the Finnish government. You can always check out Essentia’s roadmap on our website to stay informed about what we are working on and of course, we will continue updating you in our blog as well.
  • Community: as you may also recall we are launching an $11m fund with multiple initiatives to incentivize our community to build on top of the protocol and to expand the Essentia ecosystem! We are very excited to begin planning all the events and competitions!
  • In conclusion, we would like to thank everyone who showed their interest and support in Essentia! We sincerely hope that you will continue walking with us shoulder-by-shoulder towards the worldwide blockchain adoption.
  • Our Best Regards,
    The Essentia Team
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