Crowdfund finished: over 900,000 HYBRIDs registered
Last week, we were happy to see the fundraiser counter jump to over 900,000 HYBRIDs registered. Conservatively, we posted '700,000+' when the crowdfund ended, as we still had to verify a lot of transactions in the last days. Most of the donations have been sent in Ethereum and Bitcoin (statistics), but we saw the NEM, WAVES, NXT, Counterparty and Bitshares community participating as well. Some people donated anonymously without registering, as they simply wish to support the software project that we're building.
The release of the tokens
We were asked questions about when donators will receive their HYBRID tokens. There will be two distribution phases.
Phase 1: Starting next week, we will start distributing the tokens to all those who would like to trade them before our environment is live. Be aware that this is not for the faint-of-heart or the non-technical. Please keep in mind that this technology is experimental and under construction, like Bitcoin in its early days, and we have NO way of knowing how the decentralized markets will react to HYBRID tokens! It may take some time for liquidity to pick up, since HYBRID will be tradable on multiple decentralized exchanges. We could see erratic and/or disparate price movements on individual chains, until we fully interlink HYBRID tokens via the Internet of Coins in 2018 (see our roadmap). If you do not want to face these risks, or are not expert enough in cryptocurrency technology to set up multiple chains by yourself, we would advise you to wait until phase 2.
Knowing these risks, if you are technically skilled and wish to receive your tokens to trade at this time, please do the following (see early holders for some pointers).
- Create wallets for receiving your tokens on Omni, Ethereum, NEM, Bitshares, Counterparty, NXT, and Waves.
- Send an e-mail to distribution@internetofcoins.org, from the same address you used to register your donation, containing ONLY the following information:
TXID: transaction ID you used for your donation
Omni: PUBLIC KEY
Ethereum: PUBLIC KEY
NEM: PUBLIC KEY
Bitshares: PUBLIC KEY
Counterparty: PUBLIC KEY
NXT: PUBLIC KEY
Waves: PUBLIC KEY
Replace PUBLIC KEY with your public key for that particular cryptocurrency. Be aware that if you make a mistake here, your tokens will be sent to the wrong account and you will lose them!
We will send you your tokens on all chains (1/7th per chain). This mode of distribution ensures the equal balance of HYBRID tokens across all chains at the start of trading. Note that we cannot offer technical support at this time, due to the small size of our team.
Phase 2: On the other hand, if you are not a technical expert, you will want to wait until the first version of our wallet supporting hybrid assets goes live in 2018. From the Internet of Coins app that we are developing, handling HYBRID tokens will be much easier in a unified interface. If you choose to wait, we will make sure your tokens are safely delivered to you in a user-friendly way.