Good morning everyone from the The Circle headquarters. As the title indicates we want to announce a series of updates for the project.
As you can see, we are trying to improve our project every day and, that is why, we are always thinking about it and its impact on the community and the market.
One of the modifications concerns the part of the White Paper in which we said:
A 10% of the Initial Supply will go to the tokens pre-sale. The rest of tokens that are not sold in pre-sale will be put into circulation in the market.
This paragraph will be as follows:
A 10% of the Initial Supply (1M of tokens) will go to the tokens pre-sale. The rest of tokens that are not sold in the presale will be burned, sending them to the @null account.
Another modification corresponds to the part of the White Paper in which we declared:
[...]we will proceed to make an airdrop of 1M of tokens, favoring much more users who own tokens derived from pre-sale[...]. A 10% of the Initial Supply will go to an airdrop for pre-sale buyers, friendly projects, some witnesses and many other users.
This paragraph will be now as follows:
[...]we will proceed to make an airdrop of 646K tokens, favoring much more users who own tokens derived from pre-sale[...]. A 6.4% of the Initial Supply (640K tokens) will go to an airdrop for pre-sale buyers, friendly projects, some witnesses and many others users and, the rest of the tokens until 1M, will be burned, sending them to the @null account.
This modification corresponds to the part of the White Paper in which we stated:
[...]a 40% of the Annual Inflation goes to reward our active tokens holders (as passive annual income), who have their holding staked[...].
The mentioned paragraph will be now as follows:
[...]a 40% of the Annual Inflation goes to reward our active tokens holders (as passive annual income)[...].
We have eliminated the part that said had their holding staked since we are not going to implement the staking function in our token due to lack of funds. However, tokens holders who keep their tokens, will continue to enjoy that 40% annual benefit since we will have a dedicated person (daily and exclusively), to observe who has been an active token holder (of any amount), for at least 8 months in a row, until the end of the year. Therefore, we'll also change the name of the About Staking section to the name of About Holding section.
The last modifications we have made correspond to the part of the White Paper in which we exhibited:
A 10% of the Initial Supply will go to the The Circle project[...] - A 10% of the Initial Supply will go to the CEO and his teammates[...].
This has now been modified as follows.:
A 12% of the Initial Supply will go to the The Circle project[...] - A 12% of the Initial Supply will go to the CEO and his teammates[...].
On the other hand, we want to inform you that we are very happy to see that our actual cumulative jackpot (to be distributed among the tokens holders) already amounts to 597.61 STEEM and that our fund for donations now goes up to 149.40 STEEM.
Also tell you that approximately half of the users have already received our airdrop in their accounts and that we continue working to finish the other half as soon as possible.
Remember that to access all the updated information of our project we recommend you visit both our website and our Discord server..
Posted from my blog with SteemPress : https://thecircleprojecto.000webhostapp.com/08-13-2019-summary-updates-announcement/