As of 2:47 am, here are excerpts of the Pillar Project newsletter that went out:
Wow, what a morning! Our web site had so much traffic, we couldnât update our own site to tell people the sale was live. Thankfully, the newsletter went out and people used that information to purchase tokens. As of this writing, here is what we have sold:
Ether transferred = 70,461
USD = $13 million
Amazingly, this has come from over 6,000 individual transactions, showing that we are backed by the people who truly believe in our project. This is a grass-roots effort without huge âwhalesâ topping up our token sale.
First, thank you. We are humbled by the show of support from so many people putting in small amounts. We expected about $15 million from our true supporters, and it looks like weâre going to get that. Amazing.
A Word about Safety
Many scammers are now trying to get people to purchase using their own contract address. BE SURE you only go to www[dot]myetherwallet[dot]com (spell it out, never click on a link) and and only use this address:
0xe3818504c1B32bF1557b16C238B2E01Fd3149C17
Any scammer will do his best to look exactly like Pillar, but only this address is the one that buys our tokens.
Help us Meet our Goal
But. It is not time to rest. At Monday, 8pm UK time, all unsold tokens will be put on ice for ten years. We donât want that to happen. We want to sell all 528 million tokens available, because this is the ONLY way we can finance our project. The Pillar wallet is open-source. We have no business model. The way we raise money is by selling tokens in an event like this one.
We have 58 hours to go, and now is the time to ask you, our believers, to help us. PLEASE reach out to your network, your family and friends, your coworkers, and your readers, followers, and YouTubers. You have skin in the game now. If you purchased 3 ether, please reach out to five people and get them to purchase 3 ether. If you bought 10 ether, get five people to purchase 10 ether.
We're in Wired!
The Pillar project is featured on Wired Magazine today! Please use this to send to your friends and followers:
http://www.wired.co.uk/article/what-is-initial-coin-offering-ico-token-sale
The Pillar project is open source. YOU hold your own data, you control your own data, no big company will make decisions that affect your data. We are raising money now to make the Pillar brand a household name.
WE WILL NOT HAVE ANOTHER CHANCE TO RAISE MONEY. This weekend and Monday are our only chance to raise the funds we need to fuel this project for the next five years. We are going to use the money very carefully. If you want to see this dream come alive, please become a Pillar spokesperson and get everyone you can to buy Pillar tokens on the ICO now.
In case you havenât purchased, we have the next email right here, so you can learn how. If you want to send it to your friends, you can copy whatâs below or send them the previous email.
THESE ARE THE TOKENS WEâVE BEEN WAITING FOR ...
Welcome to the Pillar main token sale! READ everything please âŚ
SAFETY WARNING
There are many scammers trying to get your ether. Common scams look like âofficialâ communications from MyEtherWallet or Pillar, but they arenât from those organizations. For example, you click a link and everything looks good, but if you look closely at the URL, itâs one letter off - thatâs a scammer. BE CAREFUL. Donât click on a link - type in www[dot]myetherwallet[dot]com yourself to be sure.
Please note: If you purchased tokens in the presale, you wonât see your tokens until our sale is over. Please be patient and wait for an update via our newsletter.
Instructions
Itâs time to buy your Pillar tokens. We recommend using MyEtherWallet. Go to MyEtherWallet.com, and select âSend Ether and Tokensâ at the top. Then enter your password, private key, or select your keystore file to unlock your wallet. Do the next part carefully:
The contract address is
0xe3818504c1B32bF1557b16C238B2E01Fd3149C17
Copy and paste that into the âTo Address.â Your page should look like this, where you have four fields to set:
You should set the gas price to 60 (sixty) Gwei. Normally you donât, but today you do. This will cost more, but it will also help increase your chances of getting tokens.
Enter the amount of ether you want to send.
For gas limit, put in 200,000 (two hundred thousand)
Press the âGenerate Transactionâ button, then confirm.
Smile, knowing that whether you get tokens or not, youâre now part of the Pillar family. You can now click on âVerify Transaction.â It could take a few seconds or as much as 20 minutes to get your confirmation. If you see a red error message and the ether is still in your wallet, you did not get into the sale. If your ether is gone, youâll have a green circle confirmation, and youâre in.
Thatâs it. You will not see any tokens yet!
Assuming the sale passes its minimum, the smart contract will issue tokens when the sale is over. At that time, weâll send instructions on how to see your tokens in your MyEtherWallet. The newsletter will tell you how to get access to your tokens later. Remember - your tokens are safe on the blockchain, and your private key helps you move them later. Donât contact us asking where your tokens are - thatâs the next step.
Remember - your tokens are safe on the blockchain, and your private key helps you move them later, after youâve held them and cherished them, and itâs time to transfer them to your own Pillar wallet to use (some time next year).
Here is our founder, David Siegel, buying some of the first tokens from this same contract: Watch the Video - Please!
Once Again, Americans
The Pillar Project was the lead story in a new piece on Wired.co.uk on the ICO boom, in which the author quotes Peter Van Valkenburgh, a researcher at blockchain-focused think tank Coin Center:
âSECâs default position is âwe're proceeding cautiously because, while we are worried about investor protection, we're not certain this is within our purview, and we don't want to stifle innovationâ,â he says. âThere's no indication that anything is gonna happen in the very short term.â
Thank you!
Itâs a big day for us at the Pillar Project. We wish you good luck, and whether you buy or not, we welcome you as part of the Pillar community. The work begins now.
~lit-guy
Not financial, investment or legal advice