Tautachrome Inc. Announces the Start-Date and Details of its KLK Cryptotoken Sale
29 November 2017 - 3:40PM
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.
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
achieve the best price per KLK. This could result in our funding
goal being achieved early; before the 500,000,000 KLKs are sold. In
that event the Company retains the right to sell more KLKs to
achieve greater funding than its total funding goal, the right to
“burn” unsold KLKs, or the right to any other disposition of the
KLKs that it judges to be in the best interests of the Company, its
stakeholders, and the KLK ecosystem and its users.
If all 500,000,000 KLKs were to be sold to
achieve the funding goal, the average price of each KLK sold would
be 30 cents. But if our funding goal is achieved with the sale of
fewer than 500,000,000 KLKs, then the average price per KLK would
be higher than 30 cents.
At some point after the first offering, the
distributed KLKs may become traded on one or more of the various
cryptomarkets. At that point cryptomarket activity will determine
the value and liquidity of KLK cryptotokens.
Because cryptocurrency activity is global and
possesses much uncertainty the Company reserves the right to adjust
any and all activities and plans announced in its press release
today.
About Tautachrome
Tautachrome, Inc. (OTCQB:TTCM) is an emerging
growth company in the smartphone imagery technology sector.
Tautachrome has revolutionary already-issued trusted imagery patent
claims, already approved and soon to be issued Talk-to-the-Picture
social networking patent claims, and three patents pending
containing further Talk-to-the-Picture social networking claims and
further trustable imagery claims.
Safe Harbor Statement Statements made in this
press release are forward-looking and are made pursuant to the safe
harbor provisions of the Securities Litigation Reform Act of 1995.
Risk factors that could cause actual results to differ materially
from those projected in forward-looking statements include, but are
not limited to, general business conditions, managing growth, and
political and other business risks. All forward-looking statements
are expressly qualified in their entirety by this paragraph and the
risks and other factors detailed in Tautachrome's reports filed
with the Securities and Exchange Commission. Tautachrome undertakes
no duty to update these forward-looking statements.
Contact; Tautachrome,
Inc.
Tel; +1 520 318
5578
Web; www.tautachrome.com
Investor
relations; investor@tautachrome.com
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