September – October, 2018
The first sales were to angel investors and were private, when it was announced $5m was invested by Chris Larsen and H&D Company PTE Ltd. 2.5% of coins (25 million XX) went to Roger Ver and one other unnamed in the press release at the start of the first community sale and this says that this was at a 20% discount to the $0.35 community sale price ($0.28). Larsen is mentioned in that article as receiving coins but Jim Dolbear has since said he instead has a Simple Agreement for Future Equity (SAFE) – and no coins up front.
January 23rd – February 19th, 2020
The first community sale which was priced at $0.35.
February 22nd – March 20th, 2020
After the initial sale there was a ‘referral sale’ for people who had bought or intended to buy $100 or more to refer others and get 20 coins + 2% of their purchase and the coins were priced at $0.36.
March 21st – 24th, 2020
An extension to the previous sale for folks who had registered but not bought, with a code to use to claim 8 free xx when spending $100+.
June 16th – July 9th, 2020
An ‘exclusive node sale’ took place to let node operators buy at a discounted price of $0.32. It was limited to 200 people and $500k per purchaser.
July 22nd – August 18th, 2020
There was another sale for ‘initial purchasers’ for $0.32 per coin. People who’d bought in beforehand could refer 3 others to buy in. On 12th August when it was due to stop, it was extended until 18th August with an updated 5 potential referrals rather than 3.
October 30th, 2020
The team adjusted the price of any tokens bought by node operators in the initial ($0.35) sale to $0.32 as compensation by awarding tokens of the difference, because of the fact there was a discounted price for node operators in the interim (I was one of only 34 people who qualified for this, so might be a bit niche but I include it for completeness).
December 18th, 2020 – December 31st 2020 (approx).
A existing community member sale took place, priced at $0.45 for purchases between $200 – $10k with no lockup and also priced at $0.396 for purchases between $5k – $100k with 1 year (+ additional random months) lockup.
November 19th – 29th, 2021
(The best part of a year later with no further sales). Mainnet went live on 17th November, just before this last community sale. Priced at $1.60 plus 100% bonus when claiming it in the XX messenger (effectively costing $0.80 per coin). There were options for small purchases ($500 – $5k) and larger ones ($5k – $250k) where the price ($1.60) and lockup (1 year from purchase date) was the same but the latter only had an allocation of 2,000,000 coins.
No Sales to US Persons Throughout and Locked Coins
Throughout the whole period, all public/community sales were to KYC-verified non-US persons for regulatory reasons, using the Tokensoft platform. Many of the previous sales had vesting periods and XX Coin was blanket frozen from being transferred between accounts for everyone until almost 6 months after Mainnet went live. Mainnet was live on 17th November 2021 and the coins were finally transferrable on 12th May 2022. The community organised in April and a decentralised vote took place using the coin’s built in governance features to apply a software update which unlocked the coin so OTC trading and exchange listings could follow after that.
FAQs
- What is the XX Network?
- What’s New in the XX Network?
- Is XX Coin a Privacy Coin?
- How Much and When Were the Original XX Coin Sales?
- What is cMixx? Is it Different From cMix?
- Is David Chaum Still Part of the XX Network?
- What is Project Tourbillon?
- What is the Circulating Supply and Market Cap of XX Coin?
- How Can I Buy XX Coin?
- How do I Stake XX Coins?
- When Will XX Be Listed on Another Exchange?
- Is The XX Network a Polkadot Parachain?
- How Do I Get XX Coin Funding for a Project, Initiative or Idea?
- Can I Run a Node in the XX Network?
