STORE, a zero-fee payments and p2p cloud computing platform, is pleased to announce its next Milestone Token Offering (MTO). This MTO is built on over a year of execution of key project milestones by the STORE team. View the official Private Placement Memorandum for this MTO at https://storelabs.org/ppm.
As STORE continues to execute on its vision, it anticipates offering 1-3 additional MTOs before mainnet launch.
Support for Storecoin grows as key milestones are delivered
Since inception, STORE has taken a strong anti-ICO stance and instead has committed to growing Treasury on the basis of achieving key project milestones -- thus its Milestone Token Offerings. These regulatory compliant MTOs focus STORE on transparent project execution while building long-term trust with its growing global community.
Here's a snapshot of milestones achieved since its last MTO in January 2018.
Our Milestones
| MILESTONE | TYPE | SOURCE |
|---|---|---|
| November 2019 Source | We dropped the "coin". We now have new name for our blockchain (STORE), a new site ( http://storelabs.org), and new name for the organization helping bring $STORE to full decentralization (STORE Labs, Inc.). | Source |
| October 2019 Source | Created the governance spec for Fault Tolerant Trust or "Trust-Your-Network (TYN)" where participants in an economic network can derive trust without using any centralized or third party entities. TYN can also be used for 2/3 fault tolerant voting. | Source |
| September 2019 Source | STORE releases its launch plan from zero-fee settlement layer (Stone Age) to decentralized democracy (Discovery Age) to p2p cloud (Revolutionary Age). | Source |
| August 2019 Source | STORE releases its Cost Per Thousand Transaction (CPT) research quantifying the costs of centralized and decentralized cloud computing. | Source |
| July 2019 Source | STORE conducts its first Ask Me Anything (AMA), this one with Messari. The project also announces its open source governances | Source |
| June 2019 Source | STORE releases its Litepaper, a 32 page high-level research document outlining the project | Source |
| May 2019 Source | Over 43% of the current STORE circulating supply pre-registers to stake and secure the STORE public blockchain | Source |
| Apr 2019 Source | STORE launches its Research Division releasing specs on its address schema, its staking economics, and compares BlockfinBFT to other consensus algorithms like Tendermint | Source |
| Mar 2019 Source | STORE releases its long-term plans for a zero-fee, p2p cloud computing platform with data-backed tokens (datacoins) | Source |
| Feb 2019 Source | STORE joins the Messari Disclosure Registry; commits to fixed and long-term emission schedules for its treasury; the first simulation of our BlockfinBFT BFT consensus algorithm is released | Source |
| Jan 2019 Source | The governance peer review mailing list grows to 70+ | Source |
| Dec 2018 Source | STORE releases the first version of its zero-fee computing platform for internal peer review | Source |
| Nov 2018 Source | STORE releases its governance of checks and balances for public peer review | Source |
| Oct 2018 Source | First version of the STORE Wallet is released | Source |
| Aug 2018 Source | Community members are wearing $STORE tees in 56+ countries and our Telegram grows to 2,000+ | Source |
| Jul 2018 Source | STORE releases a new inflation plan to be in alignment with sound money of gold and BTC | Source |
| Jun 2018 Source | Testing on BlockfinBFT grows to 220 validator nodes and 40 message nodes | Source |
| Apr 2018 Source | STORE’s consensus engine BlockfinBFT becomes patent pending as to prevent malicious hard forks | Source |
| Mar 2018 Source | STORE pushes the Tendermint consensus to 169,00 transactions per second with 8 nodes | Source |
| Jan 2018 Source | STORE’s second milestone-based sale ends, adding 200+ wallets and $1.3 MM of Treasury | Source |
See our engineering roadmap here
About this Milestone Token Offering (MTO)
STORE will sell up to $4.97 Million in STORE during this Security Token Offering. The Regulation D and Regulation S offering aims to bring 500 new wallets to the project, with the purchase minimum at $2,500 and maximum at $1.79 Million. This milestone sale ends once one of the following occurs: the $4.97 Million maximum cap is reached or by August 30, 2019. United States purchasers must qualify as accredited investors. Sales to purchasers who are not U.S. Persons will be made only in accordance with applicable laws.
The sale will be offered as a sequence of three phased pricing rounds. Each sale phase will be offered on a first-registered and first-funded basis. Once a phase is fully registered and funded, the next phase will open up and be offered to the next registered buyer.
How the phased sale works
About this Milestone Token Offering
| Project Type | Public blockchain and p2p currency |
|---|---|
| Token Type | Own wallet |
| Use of Token | Zero-fee payments, staking, governance (once staked), p2p compute resources, buying datacoins |
| Ticker | STORE |
| Price per STORE token | $0.139 to $0.559 |
| Market Capitalization | $35.57 Million to $143.07 Million |
| Appx. position on CoinMarketCap | 165 to 140 |
| Treasury To Be Sold | Up to 10% (100 Million) |
| Max Cap | $27,900,000 |
| Sales Ends | April 30th, 2020 |
| Minimum Purchase ($USD) | $500 |
| Maximum Purchase ($USD) | $5,590,000 (1% of total supply) |
| Previously Sold | $3.30 Million (13.68%) |
| Last Sale Price | $0.099 ($1.24 Million sold) |
| Anticipated Future Sales | 0% |
| Projected Future Sale Type | Milestone-based IEOs |
| Anticipated Token Release Date | As early as Q4 2019, as late as Q3 2020 |
| Current Circulating Supply | 255,950,402 |
| Genesis Block Supply | 1,000,000,000 |
| *Estimated Year 2029 Market Cap | $129.05 Million - $467.48 Million ($0.139 to $0.559) |
*The Estimated Year 2029 Market Cap is based upon the represented prices multiplied by the maximum possible inflation and emissions schedule for Storecoin in 10-years based upon verified disclosures in the Messari Registry: https://messari.io/asset/storecoin
NOTE: Storecoin estimates 1-3 additional milestone-based and phased sales before its mainnet launch.
Use of Treasury
The proceeds from this sale will be used for a number of vital project building activities, including:
- Releasing the alpha network for BlockFin, our parallel and pipelined consensus engine
- Multiple security audits for our BlockFin BFT consensus algorithm
- Begin hosting STORE meet-ups around the world
- Releasing our Governance, Economics, and Security Papers for public peer review
- Hosting the first-ever STORE Conference, a research and governance global gathering
Register for the Milestone Token Offering at: http://sale.storelabs.org.
About STORE Treasury
The app for the Reg D and Reg S securities offering will go live on Thursday, June 20th at 12pm PT.
Register to purchase STORE now at http://sale.storelabs.org
Announcements, announcements, announcements!
— Storecoin [STORE] (@storecoin) June 13, 2019
The Storecoin Milestone Token Sale is set for Thursday, June 20th at 12pm PT. https://t.co/4NvDA2Q38I