Today we held a private round for our community called The Gensis DAO, which aimed to involve our community from the start and create the initial DAO. This was at an offering of 10,000 pVSQ which is equal to 50,000 MATIC.
Although we had enough interest to fully cover the amount of 50,000 MATIC, the onboarding of the community investors never materialised (no ones fault).
We wanted to provide the opportunity to our community (as well as our private funders, VCs and Investors) to provide value from the start and have an advantage on launch, unfortunately this could not happen.
The allocated 10,000 pVSQ has been re-distributed to VCs and private investors, although we have them on board we still wanted the community to be there too but will have to put aside the short term fail and build on to provide the community what they have been here for. The total pVSQ available to VCs and private funders now equals to 20,000 pVSQ.
The pVSQ token will still retain it’s function and carry on as normal.
This failure has not affected our development or progress and will resume as normal.
Throughout this we at Vesq and our investors will strive to move forward and carry on with out initial plans and goals and still seek to provide our community with value and a protocol that they can use and enjoy.
We would like to thank everyone that was involved, and was humbling to see the response.
We hope to still see you here when we launch, and will still be working closely with the community, as without you the protocol is nothing.
Twitter: @VESQHQ
Medium: Vesq
Telegram: t.me/vesqhq
Discord: discord.gg/KVFbg7q
Website: vesq.io
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