Gather Network — Token Sale Update

We started Gather with one simple mission: to fix the internet’s broken business model and we’re making concrete steps towards this everyday.

Today, we are very proud and excited to announce that our private sale was oversubscribed by over 25x and we have raised $960,000 with the participation of leading venture capital firms Bitscale Capital, TRG Capital, Master Ventures and LD Capital. All qualified investors have been contacted and the list is closed as of now.

As there was an overwhelming demand compared to our initial target, the public sale is being cancelled and Gather will be going straight to a highly reputable centralized exchange. Tokens reserved for the public sale have been transferred to the private sale to partially meet the excess demand for the grand total of 960,000 USD has been raised in this round. If we had continued on with the bonding curve public sale, Gather would have raised an additional $62,500 and more importantly raised the initial market capitalization.

Details for the exchange listing are yet to be confirmed, however, we will be making an announcement for the listing date in the coming days accordingly.

Starting from early 2018 after our first seed round, we have continued building our core products throughout the bear market. The first version of our product meant for early adopters was tested for over a year and has reached its capacity of 200 publishing partners meanwhile, including names like India’s oldest newspaper (ThePioneer), a cryptocurrency news site (TheDailyChain), a new web browser (Metalyfe) that will use Gather Online for Monetization and many more to be announced soon.

For Gather Cloud, we have completed Proof of Concept for Merged Mining (mining multiple coins at the same time in our ecosystem) with success, and haven’t stopped there; we’re partnered with Godrej Industries ($4Bn+), one of India’s largest and oldest conglomerates, to testbed the Gather Cloud.

Our faith in the use case of the products we’re building together with our commitment to our community are our biggest motivators and we will be putting our full focus for our mainnet development and adding more strong partners to our ecosystem in the coming months to achieve our goals.

Over the last few weeks, we have received tremendous support from the crypto community and a very positive feedback about our rebranding and new website. While our telegram channel is about to hit 2,000 members, we would like to extend special thanks to all our investors, partners, advisors, friends, team members and whoever is out there supporting Gather Network for making this success happen.

Stay tuned and buckle up for an exciting September and onwards.

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