From all of us at SatoExchange, we appreciate every individual who has participated in our project at all levels.

The team is dedicated to moving the project at a high speed towards the achievement of the great goal.

Recent activities have taken place and now we present certain information and data regarding them to the general public. Details of Airdrops, ICO and SATX are presented as follows:

ICO Ended

We are glad to announce that we have halted the sales of SATX ICO after the specified period. We once again thank everybody that joined the ICO and we will provide detailed analysis of the sales in this release.

Airdrops

We have concluded airdrops few days ago. We also recently conducted an internal screening exercise to figure out those who have engaged in spam activities to generate false bonuses including the use of multiple accounts / bots.

At the initial stage we were able to recover about 1.6 million SATX from all accounts screened and we immediately burnt this on the blockchain as reported in our previous update. Read more here. However it turned out that our system unfortunately penalized at least few innocent accounts due to some factors pointing in the direction of spam on those accounts. For this cases our analysts have taken time to re-investigate those accounts and reversed tokens to accounts that have done nothing to be penalized. This also extended to affected account owners that contacted our support channels for help.

Moreover, we also conducted second phase of the screening which was basically centered around transfers. This phase used transfers on the system to detect multiple account holders. We were careful in this phase to avoid penalizing clean accounts.

Airdrops correction data is presented below:

Total wiped at phase 1 screening = 1,667,020 SATX (already burnt).

Total reversed: 203,985 SATX (after re-investigation)

Total wiped at phase 2 screening = 811,356 SATX

Therefore we have a total of 607,371 SATX left to be burnt from the airdrops budget.

NOTE: We have executed the burn transaction for all left coins and we do not screen any account for airdrops anymore after this release. This means you can not loose your free SATX for any reason after now anymore and you can not reverse any lost tokens as well.

ICO

ICO Sales Data

Total SATX to be burnt from unsold ICO = 59,694,966 SATX

SATX Burning

From the above data we have 59,694,966 SATX from ICO and 607,371 SATX from airdrops to burn which amounts to a total of 60,302,337 SATX to be burnt. Our dev team has immediately burnt this on the blockchain in a transaction as found in https://etherscan.io/tx/0x6060561e738b2586ec74ad70ab72cccc84e676fc395f90f726bfcbfdfdbaef21#decodetab 

After this burn transaction the total supply of SATX became 238,030,642 SATX and the circulating supply would be 138,030,642 SATX since 100,000,000 SATX is in reserve till 2020 according to the distribution section in SatoExchange's white paper.

SATX Market Update

Currently our dev team members are working to finalize the activation of the markets for SATX. Recently we added SATX as one of the base market pair coins on the exchange. This means SATX will now be traded with virtually all coins on the exchange and will also be used for a lot of purposes as we will be announcing going forward.

The markets will be activated soon in few hours.

Deposits and Withdrawals will also be activated once our dev team are able to finalize them. Deposit and Withdrawals will be activated few hours after markets have been activated.

We hereby encourage investors to hold SATX to enjoy maximum benefit of it.

Thanks.

SatoExchange Entire Team.