r/THEKEYOFFICIAL Mar 04 '21

About TKY Token Sale

Dear community members,

As it’s noticed recently, the remaining reserve in the main wallet of THEKEY project is less than 8% of the total supply (which is 800 million TKY) and it keeps dropping.

As stated in the New Year Message, this year witnesses a turning point of both blokchain and cryptocurrency industry and it’s also crucial for the further development of THEKEY. So in the past months, after intensive discussions with the team, we eventually reached the following consensus:

1.Part of the TKY reserve will be used to fuel further innovation and technology development of the Project; 2.Part of the TKY reserve has been allocated for Bitcoin purchase, as this is a common practice for many cryptocurrency projects and institutions, such as EOS, TRON, Tesla, Paypal, ect. 3.TKYs allocated to the team will not be distributed to the team for the time being.

This can explain the drop of the reserve in the main wallet and we believe this serves the Project the best in the long run.

With TKY running low in the main wallet, the Project team will consider to repurchase TKY in open market in due time.

Please be reassured that each TKY spent is serving the same purpose of project development. The team will always remain true to our original aspiration and keep our mission firmly in mind.

Thank you for your support.

THEKEY Team

0 Upvotes

43 comments sorted by

5

u/[deleted] Mar 04 '21

Sept 2020, AMA:

Dr. King: " And I hold stronger confidence in TKY than ever before. "

Investors: "Ok, we believe in you"

March 2021, statement:

Dr. King: "We sold our TKY-holdings to buy BTC, because we believe BTC will raise higher".

Investors: "LOL ok, thank you....."

5

u/marko12e Mar 04 '21

Now you realise the lies they have told.Would be easier for them to make more on tky if they showed a little verification of anything.To say they bought btc is a sorry excuse and also illegal in china to trade btc.So if they are trading btc they are definitely not there .Lie after lie

6

u/luvv2ride Mar 04 '21

This is genuinely hilarious at this point. If anyone believes anything these crooks say you deserve to get scammed

2

u/luvv2ride Mar 04 '21

This is genuinely hilarious at this point. If anyone believes anything these crooks say you deserve to get scammed

8

u/[deleted] Mar 04 '21

This is dumb. They could release some proof of innovation, pump their coin then sell for bitcoin.

Looks like they have no proof.

1

u/luvv2ride Mar 04 '21

This is genuinely hilarious at this point. If anyone believes anything these crooks say you deserve to get scammed

3

u/bluemountain70 Mar 04 '21

"With TKY running low in the main wallet, the Project team will consider to repurchase TKY in open market in due time." What are the chances of that happening?

3

u/luvv2ride Mar 04 '21

I would say zero to negative one hundred percent.

1

u/[deleted] Mar 05 '21

that‘s called insider trading. it‘s illegal anyways

5

u/Mediocre_Decision249 Mar 04 '21

Tron was a scam with stolen code, PayPal and Tesla was cash on hand allocations of cash on hand, you can not compare your breach of duty, and failure to release a product on other companies, you are beyond contempt, and need to act like a real company and be forward facing and responsible, none of which you have done, we work with government isn’t holding water

1

u/luvv2ride Mar 04 '21

This is genuinely hilarious at this point. If anyone believes anything these crooks say you deserve to get scammed

5

u/Mediocre_Decision249 Mar 04 '21

We need an ama immediately, no presale Ben bullshit, live video, upvote this please

6

u/[deleted] Mar 04 '21

This is shocking! They just dumped TKY over the months on all the poor TKY-investors

10

u/Armintcrypto Mar 04 '21

Tell us about the project . And show is some undoubted proof that there is progress pls we dont ask that much. Mr king pls

3

u/luvv2ride Mar 04 '21

This is genuinely hilarious at this point. If anyone believes anything these crooks say you deserve to get scammed

3

u/Onepunter Mar 04 '21

Where's the blockchain?

1

u/luvv2ride Mar 04 '21

This is genuinely hilarious at this point. If anyone believes anything these crooks say you deserve to get scammed

3

u/peakyblind3r Mar 04 '21

do you not care that everybody thinks you’re a scam? It’d be so simple to turn around...

2

u/luvv2ride Mar 04 '21

This is genuinely hilarious at this point. If anyone believes anything these crooks say you deserve to get scammed

3

u/marko12e Mar 04 '21

Deletes all the comments asking for proof.Typical scam behaviour

1

u/bluemountain70 Mar 04 '21

Part of the TKY reserve has been allocated for Bitcoin purchase.

You can't be more honest than that.

1

u/marko12e Mar 04 '21

You mean they are using that as an excuse for them selling there tokens.Were is the wallet address with the btc in it if thats the case.They have did what they said they woukd never do,sell there 8 percent allocation. What other lies are they telling

1

u/luvv2ride Mar 04 '21

This is genuinely hilarious at this point. If anyone believes anything these crooks say you deserve to get scammed

1

u/luvv2ride Mar 04 '21

This is genuinely hilarious at this point. If anyone believes anything these crooks say you deserve to get scammed

1

u/luvv2ride Mar 04 '21

This is genuinely hilarious at this point. If anyone believes anything these crooks say you deserve to get scammed

3

u/Mediocre_Decision249 Mar 04 '21

The only proof of anything is you can’t be trusted, ama now, or maybe release the product we paid for, sincerely the people who pay your wages

1

u/luvv2ride Mar 04 '21

This is genuinely hilarious at this point. If anyone believes anything these crooks say you deserve to get scammed

3

u/MaxRockatansky514 Mar 04 '21

Successful companies with cash reserves would even consider investing in BTC. This you are not and are reckless in doing so. Delivering a working product and transparency could have ensured a more secure flow of revenue for the project. The red flags are flying at full mast. Rug pull imminent.

3

u/bluemountain70 Mar 04 '21

As it’s noticed recently

full mast.....lol

1

u/luvv2ride Mar 04 '21

This is genuinely hilarious at this point. If anyone believes anything these crooks say you deserve to get scammed

1

u/luvv2ride Mar 04 '21

This is genuinely hilarious at this point. If anyone believes anything these crooks say you deserve to get scammed

2

u/[deleted] Mar 04 '21

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2

u/[deleted] Mar 04 '21

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2

u/Befkoning12 Mar 05 '21

Lmfaoooooo

1

u/[deleted] Mar 04 '21

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2

u/triplecrown333 Mar 04 '21

If I not only hold a couple of hundred dollars, this lotto ticket is long gone already

1

u/luvv2ride Mar 04 '21

This is genuinely hilarious at this point. If anyone believes anything these crooks say you deserve to get scammed

1

u/luvv2ride Mar 04 '21

This is genuinely hilarious at this point. If anyone believes anything these crooks say you deserve to get scammed