The End of our Public Pre-Sale

MADANA
Nov 1, 2018 · 4 min read
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With our PAX token public Pre-Sale having ended on October 31st 2018, we would like to conclude and summarize the whole process, mention some major accomplishments and give the community an outlook on what is next to come.

Public Pre-Sale and Seed Phase

On August 1st, 2018 we started our Whitelisting process, one month prior to the launch of the public Pre-Sale. We gave the general public the opportunity to participate in our Token Sale at a discounted price of 50% with an additional bonus of 10%, whenever one contributed with Lisk. Out of 100,000,000 PAX token, a total of 15,000,000 were allocated to this sale. The price per token is valued at 1 Euro = 1 PAX.

In parallel, we have had tickets still left for our Seed Investment round where larger investors could get personalized deals with us. For this, we allocated 10,000,000 PAX token to these investors. The price per token was differently negotiated with every investor based on the risk they took and the help they offered besides the investment. To not lower our negotiation position in these investment rounds, we decided to not publish the individual PAX token prices yet.

All in all, we offered 25,000,000 PAX token (25%) up until now to the general public as well as seed investors.

Growth and Accomplishments

From the beginning of the Whitelisting, up until the end of the public Pre-Sale, we grew our social media channels completely organically, which we are truly proud of, and generated a lot of interest in the Pre-Sale. Here are some statistics:

  • Telegram: 1120 Members (+150%)
  • Twitter: 1809 Follower (+ 132%)
  • LinkedIn: 366 Follower (+50%)

We are proud to have received additional support and investment by Max Kordek, the Elite Center and Postera Capital. Furthermore, Max, the CEO of Lisk, invested an additional 120,000 Euro in MADANA.

Furthermore, we wanted to give a big shout out to our Ambassadors who support us rigorously in the USA, Russia, China and Poland!

Pre-Sale Conclusion

At this point, with the finishing of the public Pre-Sale, MADANA sold 9,153,332 PAX token from the combined Pre-Sale and Seed Phase allocation of 25,000,000 PAX token. This means that there are 15,846,668 PAX token left for both allocations combined.

The total amount of raised capital is equal to 1,420,040 Euro. We are in the process of setting up a reasonable liquidation strategy and therefore we will not sell currently raised cryptocurrencies in the foreseeable future.

Next Steps

We have closed the public Pre-Sale and are now transitioning into a non-public closed offering of the PAX token. In this phase, we remove all the bonuses we offered before and apply additional requirements to the participation process. Here is an overview of this stage:

  • One can still invest with Bitcoin (BTC), Ethereum (ETH) and Lisk (LSK) at the reduced price of 50%, however at this stage there will be no additional bonus for any of the three currencies.
  • Whitelisting is now only possible by invitation from a community member. (Read the Bounty and Referral blog post)
  • This phase ends when all allocated Pre-Sale PAX token are sold or when we announce the closing of this phase. This will be done a reasonable amount of time in advance.

This means that only people registered to the Community Hub can invite people to the Whitelisting process and Token offering. Everyone who invited a person that contributed will receive a commission of 10% which are based on the total amount of PAX purchased. This way we go a more community-driven approach to our Token distribution.

From here on out we will focus to prepare our Main Sale with all the experience and learning we made so far. In addition, we will focus on our product development and aim to finalize our Pilot Project to demonstrate the implications and capabilities of MADANA. This way we are certain to have a much bigger impact during our Main Sale phase with something tangible on our hands and will start making MADANA ready for our next step in our scaling strategy, the B2B sector.

Last Words

We would like to thank everyone who supported us so far and we are keen to make the next steps together with you. From our experience blockchain projects can only flourish and thrive with strong communities, especially in times of low attention of the general public, therefore we invite you all to join us in the Community Hub and our Social Media channels, as we try to make sure to reward our community for their support.

The MADANA Blog

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MADANA

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MADANA is enabling future data ecosystems by securely bridging data and insights through the use of #PrivTech

The MADANA Blog

We transform data markets of today and empower the digital economic world of tomorrow. Our solutions enable a better use of data and pave the way for more exclusive insights.

MADANA

Written by

MADANA is enabling future data ecosystems by securely bridging data and insights through the use of #PrivTech

The MADANA Blog

We transform data markets of today and empower the digital economic world of tomorrow. Our solutions enable a better use of data and pave the way for more exclusive insights.

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