Dear community members,
As it’s noticed recently, the remaining reserve in the main wallet of THEKEY project is less than 8% of the total supply (which is 800 million TKY) and it keeps dropping.
As stated in the New Year Message, this year witnesses a turning point of both blokchain and cryptocurrency industry and it’s also crucial for the further development of THEKEY. So in the past months, after intensive discussions with the team, we eventually reached the following consensus:
1. Part of the TKY reserve will be used to fuel further innovation and technology development of the Project;
2. Part of the TKY reserve has been allocated for Bitcoin purchase, as this is a common practice for many cryptocurrency projects and institutions, such as EOS, TRON, Tesla, Paypal, ect.
3. TKYs allocated to the team will not be distributed to the team for the time being.
This can explain the drop of the reserve in the main wallet and we believe this serves the Project the best in the long run.
With TKY running low in the main wallet, the Project team will consider to repurchase TKY in open market in due time.
Please be reassured that each TKY spent is serving the same purpose of project development. The team will always remain true to our original aspiration and keep our mission firmly in mind.
Thank you for your support.
THEKEY Team
