Hello everyone,
Concerning the sending of $IMO to DESH holders, 18 million $DESH tokens are held on the different wallets. As announced at the beginning, 3 million IMO tokens are reserved for DESH holders, i.e. you will receive 1 IMO for every 6 DESH held.
Of course, at the moment and in the beginning the total value will be a little bit lower than what you had in $DESH (indeed, before taking the liquidity on $DESH to reinject it on $IMO 1 DESH was equal to 0.04$ while 1 $IMO = 0.1$). However, if liquidity had not been taken to launch $IMO and nothing more happened on $DESH (because there was nothing to do with a fundamental that had become non-existent), the first people to sell $DESH would have done so at around $0.03 - $0.04/unit, whereas the others would have sold at a derisory price because liquidity was much lower and would therefore have lost much more money. For the common good we felt it was more appropriate to ensure that all $DESH holders would exit with as little loss as possible while reserving them a part of a project with a much more solid and sustainable foundation.
In order to make everyone happy, we decided to take this liquidity and inject it into $IMO. $DESH's liquidity represents $50,000 and we have reserved 3 million $IMO tokens for you, where the $IMO presale that brought in ~$300,000 will distribute 2 million tokens proportionally to investors. To give an example, 1$ invested you theoretically get back ~60 $IMO where the presale participants get back 6.6 $IMO per $ invested. Regarding $DESH liquidity, the liquidity coming from the Bilaxy platform has been blocked by the platform which refuses to give it back despite our requests. The evolution of the file is still marked as "pending", but following the contacts we had with them, we have no illusions about their final decision (if it ever comes).
As you can see, the value of your investment at the moment is a bit lower as the $IMO price is ~$0.1/unit at the moment, however you have the cha… Read in full →