🔒 Locked.Money
COMMUNITY FUNDING ROUND
Why is there a FURTHER OPPORTUNITY?
~ December 5th, 2024
Hi there, it's Chris here...
🚀 I have some very exciting news to share with the Locked Money Community.
The headline is, there is going to be another Funding Round.
Now - 🚨🚨 FIRST AND FOREMOST 🚨🚨 - I want to address something VERY IMPORTANT.
You might recall, back in October when we closed our last Funding Round, we stated 'there would not be another opportunity to purchase the Locked Money token before we go live.' Yet, here we are in December, announcing 'there IS another opportunity.'
Of course, it's vitally important to always have integrity and transparency.
And I want to be clear there is nothing underhanded going on, but I DO want to take two minutes to explain WHY there's this final opportunity to get involved before we go live.
WHY ANOTHER FUNDING ROUND?
First things first - we were always going to have another funding round (it is listed in our Tokenomics). However, this further funding round was meant to be PRIVATE, and only for an exclusive and select group of Venture Capitalists (VCs).
Now, being completely transparent, we didn't really want to do this!
WHY?
Because VCs often don't care about the projects they invest in; for them, it's just a numbers game. They tend to sell their investments at the earliest possible opportunity, which wasn't ideal for us.
So WHY DID WE EXPLORE THE VC PATH IF WE DIDN'T WANT TO? 🤔
Simple.
For Locked Money to succeed, we NEED to be listed on CENTRALIZED EXCHANGES (CEX). (There are many CEX's such as Binance, Kucoin, Coinbase, etc.)
This process involves many hoops and costs, one of which was supposed to be VC backing, as CEX's see this as a 'stamp of approval'.
So we were caught in a loop - needing VC backing to get listed on exchanges, which are essential for public trading of our tokens.
HOWEVER - A CHANGE STARTED HAPPENING!
As we approached the BULL MARKET, things began to change.
Centralized Exchanges began to NO LONGER prioritize VC backing.
Instead, they pivoted and instead focused on whether a project has UTILITY (i.e., VALUE).
(We still have to pass many criteria to get listed on a Centralised Exchange. However, having VC backing is now NOT one of them)
This shift suddenly gave us an opportunity. We now did NOT have to go down the VC route if we didn't want to.
After much deliberation, we decided to redirect the allocation originally intended for VCs (at the lowest price ever for Locked Money tokens) to our Community.
(SIDE NOTE: You certainly do NOT need to get involved, there's no pressure; this is for those who see value in getting involved early!)
This decision feels great. We are now not handcuffed to VC partnerships (hurrah!) and this further round will benefit our community more than VCs who would likely sell off quickly.
The price for these tokens in this round is the lowest we've offered, with a longer vesting period to balance it out. More details on how to participate are available on this page.
I hope this explains clearly why this COMMUNITY ROUND has become available.
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If you have any questions, please feel free to post them in our TELEGRAM GROUP.
LINKS YOU MAY NEED:
If you know how to participate in a Funding Round or have already done so, GO HERE TO THE PRIVATE SALE PAGE
For a detailed breakdown on how to get involved, CHECK OUT MY SERIES OF SHORT VIDEOS HERE
Want Help?
If you have any questions at any time - please ask them in our Telegram Group
>> Locked Money: Telegram Group