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EncryptoTel crowdsale ends with the collection of $3 million! | by EncryptoTel

EncryptoTel

We would like to take this opportunity to say a very big ‘thank you’ to all of our supporters for making this project possible.

The EncryptoTel crowdsale is over! The generosity of our investors and some extremely favourable market conditions have meant that we hit our $3 million cap before the formal end of the crowdsale.

Demand for ETT proved overwhelming, and we are extremely grateful for all the support the community have shown us. In the coming weeks and months, we look forward to rewarding your commitment to us by working hard and disrupting a sector we believe blockchain technology has much to offer.

The next step is a thorough audit of all deposits made during the course of the crowdsale, before the EncryptoTel Token is created on the Waves and Ethereum blockchains. You will appreciate that, as a one-off event, this is something that must be done right and can consequently take some time as the required checks are undertaken.

Once this has been completed, investors will be able to withdraw their tokens from their crowdsale accounts. As a Waves token, ETT will immediately be available to trade on DEX, as well as Ethereum’s decentralised exchange. If you missed out on the crowdsale or were hoping to pick up more ETT, these are the best places to buy in the short term. We’ll be looking for further exchange partners and hope to announce additional listings as soon as possible.

The cryptocurrency markets are extremely volatile at the moment, with BTC, WAVES, ETH and ETC experiencing significant movements in price. Due to this factor, it’s likely that the dollar equivalent of the funds collected will fluctuate above and below the $3m mark. We also understand that display issues have prevented some investors from making deposits. In recognition of these factors, will will be leaving the crowdsale open for a final 24 hours, before closing it for good. We consider this the fairest way of ensuring investors all get a chance to commit funds, without unduly diluting our market cap.

Once again, thank you for your support and we look forward to a bright future together!

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