Catherine Li, the founder and CEO of THEKEY, has recently been awarded a spot on China’s Ten Most Influential Women of The Year list. The judge’s panel was comprised of senior editors from Chinese Women’s Magazine, a journal of the National Women’s Federation. This award is preceded by Li’s reception of China’s The Most Outstanding Women Entrepreneur by the All-China Women’s Federation in 2017.
To be nominated for the Ten Most Influential Women of The Year list, a candidate should have demonstrated exemplary contributions to society or the Chinese nation, attained outstanding achievement in her field of speciality, been featured on influential media both nationally and internationally, and have generated great social impact.
Previous candidates who were placed on Chinese Women’s Magazine list have included a prior Deputy Prime Minister of China, a 2015 Nobel Laureate recipient in the field of medicine, and the 1984 Chinese women’s Olympic volleyball MVP/former head coach of the US women’s national volleyball team.
Additionally, the All-China Women’s Federation named THEKEY as “The Most [Commercially] Valuable Project of 2017.” Catherine Li’s listing on the Ten Most Influential Women of the Year list was followed by THEKEY’s successful crowd sale that ended on January 17, 2018.
On January 15, 2018, THEKEY began the crowdsale of the TKY token through their website, and sought to raise 10,000 NEO. The hard cap was reached at 9:59 am (UTC) on January 17, 2018. However, the token crowdsale was met with irritation from investors. The crowdsale required participants to place orders through THEKEY’s website. When the crowdsale began, investors were met with 502 bad gateway errors and volume restrictions. To remedy the situation, participants were directed to submit their Crowdsale Application Form via email to THEKEY, on a first-come, first-serve basis. The cascade of events rendered the crowdsale token purchase difficult for investors.
In a message to the investors and community members, Catherine Li said, “your expressions of anger and disappointment were clearly heard and fully understood. The well meaning but inappropriate actions or events that triggered these comments emerge as the painful mistakes we made amidst an otherwise incredibly successful first-ever [token crowd sale].” Li followed by stating, “we apologize profusely for any inconvenience [the errors] may have caused you.”
To honor an ongoing commitment to transparency, on January 11, 2018, THEKEY entered into an agreement to audit the token crowd sale with a Singapore-based certified accounting firm. Once their report has been finalized, THEKEY will make the final product public for investors and community members to review.
Following the release of the audit, THEKEY will host an “Ask Me Anything” (AMA). Catherine Li aims to host a discussion forum that will share their token sale experience, lessons learned, and to take the opportunity to listen to investor comments and suggestions.
Moving forward, THEKEY seeks to inject more (than previously planned) resources into project development, maintain a low profile while focussing on high quality and concrete results, and to inject more resources into community development.
More information about the audit of the token sale, and the AMA will be released as made available.