TokenStars Completes ACE Token Distribution

TokenStars Completes ACE Token Distribution

We are glad to announce the results of the ACE token sale.

Total supply equals 14’476’036 ACE tokens, successfully distributed to our contributors, publishers and bounty community, as well as reserved for the network growth and team & advisors motivation.

No more ACE tokens will be created. Ever.

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KYC results

First of all, we want to thank all the contributors for the patience in waiting for rest of community to complete KYC procedure. We believe that strong ecosystem cannot be built without diligent minimization of risks and compliance with banking requirements.

TokenStars shares the results of KYC procedure:

⭐️ 2’078 contributors and community participants have successfully completed KYC (or converted ACE to TEAM tokens).

✅ 1’073 ACE holders (52%) decided to get 40% bonus and convert ACE token into TEAM. The TEAM project will be financed with the amount of funds collected during TEAM token sale and ACE tokens, which will go to the TEAM project as the payment for the converted TEAM tokens.

✅ 93% bounty participants and publishers decided to convert to TEAM or withdraw ACE tokens to their wallets.

❌ Did not have time to pass the KYC procedure:

• 248 buyers of ACE tokens.
• Of these 93 ACE buyers (38%) through the ICOBox platform.

Despite the number of participants who didn’t manage to provide documents for KYC is still sufficient, we have decided to establish the following approach:

1. Finalize the creation and distribution of tokens on 12/12/2017 (by deactivating the ‘minting’ function at ACE smart contract).
2. Unlock the transfer of ACE tokens at 9 p.m. UTC.
3. Deactivate the 40% conversion bonus in TEAM tokens at 9 p.m. UTC.
4. For the contributors who didn’t enter ERC20 address to receive tokens or didn’t complete the KYC — we decided to provide the opportunity to receive the ACE tokens.

We have created the number of ACE tokens, accrued to these contributors, and stored in a cold wallet. These tokens will be proportionately released to their owners when they complete the procedures.

a. For the contributors, who were approved at KYC, but didn’t enter the ERC-20 address — login to the personal account, enter and save the ERC20 address, and inform us at ask@tokenstars.com. The distribution will be done once per week.

b. For the contributors, who didn’t complete the KYC — login to your personal dashboard, provide required documents and inform us at ask@tokenstars.com.

❗️ Please note, that a refusal to provide docs for KYC doesn’t mean the automatic refund. Participation in ACE token sale is legally binding, and provision of KYC documents is one of the requirements of the Token Sale Agreement.

c. For the contributors, who were assigned with ‘restricted’ status: login to the personal account, enter your ETH and/or BTC address for the refund (depending the cryptocurrency of contribution) — you’ll be refunded within two weeks.

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Listing on Crypto Exchanges

1. OKEX

We’re glad to announce TokenStars agreement with OKEX — one of the largest digital asset trading platforms.

• Top-10 cryptocurrency exchange in terms of volume and users.
• $1.5 billion of average trading volume per day.
• 2 million customers in over 100 countries.
• 40 token trading pairs (incl. EOS, OmiseGO, TenX, Monaco, Gas).
• The core team of OKEX consists of people from world-recognized companies such as Alibaba, Tencent and Huawei.

The ACE trading will start the next week, we will announce the date and exact time of listing soon. This timing is needed for the marketing activities, to make OKEX trading community more familiar with TokenStars and ACE token.

2. EtherDelta

Meanwhile, we have listed ACE token on EtherDelta and some of the contributors may want to test liquidity at this trading platform.

EtherDelta is an open-source and decentralized exchange for Ethereum-based tokens. It provides a simple and safe interface to trade ETH based tokens for a very low fee.

• Over 270 token trading pairs.
• $11.5 million of average trading volume per day.

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Platform Launch

We’re also glad to announce the forthcoming launch of TokenStars platform — the first of the 12 modules will be live by the end of the week!

In addition to our current impressive lineup of celebrity ambassadors several more stars will participate in the module launch, including world №1 tennis player in WTA, an Olympic champion on biathlon and an electronic dance music star with world #1 hit.

This is a special Christmas project. Stay tuned! 🎄

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