Token Sale | 22nd of January 2018 to 10th of May 2018
- 22/01/2018 – 22/02/2018 | 47%
- 23/02/2018 – 23/03/2018 | 40%
- 24/03/2018 – 15/04/2018 | 30%
- 16/04/2018 – 01/05/2018 | 15%
- 02/05/2018 – 10/05/2018 | 5%
Tokens sold | 44,294,347.651966078061368502 BITS
Team Tokens | 15,000,000 BITS
Amount raised USD $20,534,500
The situation 12 months into the ICO
On the 19th of July 2019 Povilas Ruzgaila indicated that they had burnt through most or all of the ICO funds raised which was over $20 million, made claims that they had not raised anywhere near this amount, claims they have staff expenses of $30,000 to $50,000 per month, claims that they have been operating for two years and refused to answer further questions.
The claims are easily debunked.
An average programmers monthly pay in Lithuania is $1,500 and from the actual work produced so far which is backed up by the LinkedIn numbers there are at most three programmers which is $4500 per month and based on 15 months this is $67,500 expended on programming staff. There is one Telegram and customer service who would be earning $1500 per month. The claims that Povilas Ruzgaila made are devoid of facts.