Business
Tautachrome Inc. Announces the Start-Date and Details of its KLK Cryptotoken Sale
Tautachrome Inc. Announces the Start-Date and Details of its KLK Cryptotoken Sale.
About this update from Tautachrome Inc.
[{"type":"text","content":"\n\n ORO VALLEY, Ariz., Nov. 29, 2017 (GLOBE NEWSWIRE) -- Tautachrome, Inc. (OTCQB:TTCM) today announced that its KLK cryptotoken ecosystem will be capped at a total of one billion-cryptotokens, that 500 million cryptotokens will be distributed to buyers in KLK cryptotoken sales beginning January 15, 2018, and that the balance of the KLK cryptotokens will be distributed among the Company’s stakeholders.\n\n \n \n \n \n \n \n \n \n \n \n \n KlickZie Pie Chart\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n KlickZie Road Map\n \n \n \n \n \n \n \n \n\n Photos accompanying this announcement are available at http://www.globenewswire.com/NewsRoom/AttachmentNg/dd1a8767-5f5d-4d3d-990a-dddac602a45a http://www.globenewswire.com/NewsRoom/AttachmentNg/1467ddc7-84e8-4cf5-aa2e-168ccda616e4 The KLK cryptotoken universe will be forever fixed at 1 billion tokens. The billion tokens will be distributed as shown in the pie chart. Half of the tokens will be sold in our token sales activity. The other half of the tokens will be distributed to Tautachrome shareholders, the KlickZie/KLK team, Tautachrome partners who will use KLKs to further the KLK ecosystem, and bounty hunters for finding/fixing KLK technical problems. Of the 20% of KLKs (200 million) distributed to Tautachrome shareholders, 100 million will be distributed to our 1,500+ common shareholders and convertible promissory noteholders during the period of the Cryptotoken sales, and 100 million will be reserved for future distribution to preferred shareholders and future promissory noteholders. The KLK sale will be carried out in several offerings, each offering aimed at achieving funding for specific KlickZie and KLK objectives that follow the sale. The KlickZie Roadmap shows the KLK sale offerings and the technical objectives to be achieved. As shown in the Roadmap, we are planning four offerings in 2018, the first scheduled to start on January 15th and the last to start on November 15th. Each offering will remain active for a set time, nominally 30 days, or until our funding goal is achieved. Our total funding goal is $150 million. We will continue KLK sales into additional offerings if the four planned offerings fail to achieve the total funding goal, and the offerings may be discontinued early if our total funding goal is achieved early. KLKs will be priced in the offering(s) to ...