Monkey Capital ICO Update Statement – Monday, July 10, 2017
Monkey Capital wishes to announce the following:
We have more than one major institutional partner who has respectfully requested
additional time to work out on what basis and how much they wish to invest in the Monkey
Capital ICO. Further, one of these institutions has suggested various enhancements to the
White Paper which we believe will make the operating model of Monkey Capital
significantly more robust and this will be in the interests of all participants in the ICO.
Having reviewed these suggested product enhancements we are excited by them and feel
that they are worth applying but this process will take a further week at least. In summary,
we feel it is in the interests of the Monkey Capital community in general to delay the ICO
until August 8, which is just one month later than scheduled.
The ICO is scheduled to take place between 8/8 – 9/9.
We stress that the investors concerned are world-renown institutions and their
participation would account for a significant chunk of ICO funds. Further, their assistance on
the management of the portfolio would also lend tremendous credibility and security to all
investors.
Further, for holders of COEVAL we wish to announce that Monday morning the
management of Monkey Capital burnt an additional 5,000 COEVAL in order to further
reduce supply to accommodate the investors we are talking to. There are now just 65,000
COEVAL in circulation with about half of those held for long term holdings, which we feel is
more appropriate.