TrueDeck Private Seed Statement

truedeck (25)in #truedeck • 6 years ago (edited)

Kickstarting any crypto project takes a lot of effort & resources. The foundation of a successful project is to put together a great team that put honest hard work. Raising a large capital at the early stages of a project does not make it successful.

TrueDeck was a mere thought when we had started working on the idea. But we had a working concept ready within a couple of weeks. Instead of raising funds through Initial Coin Offering (ICO), we had raised a small amount. The amount which was enough to build the strong foundation by putting together a great team.

Raising large funding round would have enforced needless stress and financial obligations. Launching an ICO could have also restricted the project adaptability in various stages of it's development.

Thus, TrueDeck had undergone a "private seed round" in January 2018. We found contributors, who were as much passionate about the project as the core team.

We conducted the private seed round in January 2018. We agreed on giving 10 million TDP (5% of the total supply) with five months of locking period. After locking period, tokens were credited to contributor wallets.