Buy-wall results

Hello everyone,

In this update I’d like to post some information about the results of our buy wall.

It means a lot to us that many people still believe in our project and didn’t immediately opt to sell their ETT at ICO price. Our buy walls were eventually depleted over the course of several days as some chose to speculate and receive back their initial investment. This was, of course, the purpose of the decision — to allow investors to exit their stake if they wanted. There will be no more buy walls going forward.

The full amount of ETT purchased with these buy walls will shortly be burned. This will have a positive impact on the EncryptoTel ecosystem as we go forwards, since overall token supply will be reduced.

Results of the buy-walls are listed below:

Ethereum — 1,874,794.4538073 ETT purchased

Waves — 2,335,782.06323089 ETT purchased

When the burn is carried out, we will publish all relevant information (and proof) on our social media accounts, our bitcointalk thread, Slack and Telegram, and we will also inform investors by email. This will happen roughly at the end of next week.

More information about the upcoming pre-release, the block-swap resolution and more will be coming soon. Thank you for your patience, and for your continued support of EncryptoTel!