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Update From David Chaum on the xx network Coin Sale

The entire xx network team is looking forward to amping up our engagement with the community as we take this world-changing technology to its full potential. 

Posted by: David Chaum
Posted on: March 23, 2020

First, a huge thank you to everyone who has supported the xx network. Our community is everything to us and we’re very grateful for your ongoing support. 

We’re heads down working as hard as we can to launch the xx BetaNet ahead of schedule in the next few months. Our community is a huge part of this. We’re looking forward to your participation in incentivized surveys and experiments in governance as we target MainNet by the end of the year. 

We get a lot of questions about the lockup period which protects the value of the xx coin and the xx network. The lockup gives us time to prepare for MainNet launch and a chance to develop governance and further develop partnerships and applications. You can learn more about the lockup period here.

This first sale was designed to let everyone participate with a limit on large purchases. We’re very pleased with the results, and have gained support from participants in 55 countries.  Rather than raising money from institutional entities like venture funds, which could have ended up owning a large percentage of xx coins, we’ve focused on getting the xx coin into as many hands as possible. 

Through white labeling, we plan to allow other messaging services to use the xx network to create better privacy for everyone. We’re also working on our own solutions to distributed finance and next steps beyond smart contracts. 

We want to extend a heartfelt thank you for your ongoing support of the xx network. The entire xx network team is looking forward to amping up our engagement with the community as we take this world-changing technology to its full potential. 

xx network does not distribute, offer, solicit sales of, or sell any xx coins in any state or jurisdiction in which such a distribution, offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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