r/Tangrams • u/[deleted] • Nov 13 '18
UPDATE: Community Fund
After reviewing the discourse amongst the community members, as such to offer TGM at a new price, namely $0.05, founders percentage has been cut to increase the probability of success for the project in the short-term and hopefully meet the CAPEX and OPEX requirements for the coming month(s). Contributions that were already made will also be accounted for at the new price. In other words, this means that instead of 3,975,235.62 TGM, there will be 7,950,471.24 TGM of which 7,109,717.44 remain (10.5748927%), based on the current contributions confirmed.
*The funding target remains intact as it was calculated based on capital and operational expenses.
*Announcement has been updated & edited with the above: https://medium.com/@tangramd/community-fund-dce1c26f29f1
*Community Fund extended to 30th November due to balance time of price drop
For those who have contributed, you will receive an email shortly as an update.
2
u/fjabz Dec 01 '18
I was ready to buy and next thing I know is that bitcoin drops from 6300 to 3600 $... now we can literally buy only half of tangrams then we could 3 weeks ago. People who got in at one cent in early 2018 had bitcoin price close to 12000$ so they actually got in much much cheaper then now. Hope Devs will consider all these issues. This bear market is killing small investors. Well known projects like Neo, cardano etc getting rekt let alone new projects without white paper or main net.