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THEKEY CEO, Catherine Li, posted a notice today informing the community that they will be holding their TKY crowd sale on January 15th at 10:00am, Beijing time.

Submissions for the crowd sale whitelist were scheduled to close on January 11th at 00:00am Beijing time. However, the system is currently down so THEKEY are extending whitelist registration to 24 hours after the system returns to normal.

26,000 investors are already whitelisted to participate, and another 3,000 are still waiting to be approved. The total hard cap for the crowd sale will be 10,000 NEO, with a maximum contribution of 10 NEO for each participant.

THEKEY have pegged the price of the TKY token to BTC. As such, the ratio of NEO to TKY will be announced at 9:00am on January 15th, Beijing time.

The pre-sale phase sold out ahead of schedule on December 25th, with a total of $16.5 million USD raised. Catherine noted in her announcement that THEKEY community has experienced significant growth, with over 24,000 members of the Telegram group and 11,000 followers on Twitter.

To participate in the crowd sale, registered participants will be required to navigate to their account on www.thekey.vip, place an order and make a payment in accordance with the order.

Upon completion of the sale, undistributed TKY will be burned and the sale will be audited by a qualified Singaporean accounting firm. TKY will be listed on exchanges within one month of the completion of the crowd sale.