"question":"How do I get help with my wallet from a person?",
"answer":"<p>For questions or help regarding the Stacks token, you can contact us at <a href='mailto:hello@stackstoken.com'>hello@stackstoken.com</a>.</p>"
},
{
@ -616,11 +616,6 @@
"question":"Can I sell or transfer Stacks tokens directly to someone else?",
"answer":"<p>It may be possible to sell or transfer Stacks directly to another person in a peer-to-peer transaction. We recommend that you consult an attorney before engaging in such a transaction, especially if buying from or selling to a U.S. person or entity, as we cannot give you legal or regulatory advice.</p>"
},
{
"category":"tokens",
"question":"What types of transfer or time locks are Stacks tokens subject to?",
"answer":"<p>Previous and future sales of Stacks tokens are subject to two potential types of locks on use and transfer: a <q>transfer lock</q> and a <q>time lock.</q> Transfer locks are implemented where the tokens sold are considered sales of <q>restricted securities</q> under the Securities Act of 1933. Tokens subject to transfer locks are non-transferable on the Blockstack network until a one-year holding period following their sale has lapsed. A token can be burned on the network while subject to a transfer lock (provided it is not subject to a time lock), but otherwise is non-transferable.</p> <p>Separately, tokens on the Blockstack network can be subject to a time lock, a general restriction that prevents a Stacks token from being used for any purpose on the Blockstack network, such that the Stacks token cannot be burned or transferred. Time locks operate such that Stacks tokens unlock in equal increments each time a pre-set number of blocks is processed on the blockchain.</p>"
},
{
"category":"tokens",
"question":"What types of transfer or time locks apply to my Stacks tokens?",
@ -645,11 +640,6 @@
"category":"tokens",
"question":"I have a tax question about my Stacks tokens. Whom should I talk to?",
"answer":"<p>If you have a tax question about your Stacks tokens, we recommend you speak to an accountant or tax lawyer. If you participated in the 2017 token sale through the Blockstack Token Funds, we’ll provide you with the necessary tax reporting forms by the required deadlines, but in general, we cannot give you tax advice.</p>"
},
{
"category":"tokens",
"question":"How do I get help from a person?",
"answer":"<p>For questions or help regarding the Stacks token, you can contact us at <a href='mailto:support@stackstoken.com'>support@stackstoken.com</a>.</p>"
},
{
"category":"tokens",
@ -680,6 +670,11 @@
"category":"tokens",
"question":"Why were Stacks Tokens valued/sold at $0.00012 prior to the 2017 accredited sale at $0.12?",
"answer":"<p><u>Founders and early employees</u> of Blockstack PBC received tokens at $0.00012 per token in October 2017 based on an independent valuation from Foresight Valuation Group, LLC when the Stacks Token was still in its earliest stage of development and before the publication of the token white paper at the end of that month. This grant was subject to a three-year time lock commencing upon the introduction of the genesis block to the Blockstack network in November 2018, and the nominal price reflected the early, high-risk support of founders and early employees.</p><p><u>Holders of Blockstack's Series A convertible preferred stock</u> who had invested a total of $5.1 million as of late 2016 and funded Blockstack's early growth and development before the decision to create a token, or the drafting or publication of any white papers—were also provided an opportunity to purchase tokens at the $0.00012 per token price. This opportunity to participate at a nominal price was given in return for their early support and in proportion to their equity ownership, and it was based on their reasonable expectation as early investors that they would receive tokens if Blockstack ever decided to create a digital token. These tokens are subject to a three-year time lock, commencing upon the introduction of the genesis block to the Blockstack network in November 2018.</p>",
},
{
"category":"tokens",
"question":"How do I get help about the Stacks token from a person?",
"answer":"<p>For questions or help regarding the Stacks token, you can contact us at <a href='mailto:support@stackstoken.com'>support@stackstoken.com</a>.</p>"
Mary Anthony
6 years ago