
The price of the Stacks Tokens distributed under the App Mining program in exchange for non-cash consideration will initially be deemed to be $0.30 per token but may fluctuate. Up to 40,000,000 tokens may be sold for non-cash consideration. 62,000,000 Stacks Tokens will be offered at a purchase price of $0.30 per token. (1) 78,333,333 of the Stacks Tokens will be offered at a discounted purchase price of $0.12 per token. We are offering up to 40,000,000 Stacks Tokens for non-cash consideration pursuant to our ∺pp Mining program (the App Mining program) in exchange for the development of well-reviewed applications on the decentralized application network created by Blockstack (the Blockstack network), as well as for the review of those applications.įor further details regarding the Stacks Tokens, please see Description of the Stacks Tokens beginning on page 123 of this offering circular.We are offering 62,000,000 Stacks Tokens at a price of $0.30 per token to qualified purchasers generally (as such term is defined under Regulation A of the Securities Act of 1933, as amended (the Securities Act)) (the general offering, and together with the voucher program, the cash offering).We are offering 78,333,333 Stacks Tokens at a discounted purchase price of $0.12 to current holders of certain non-binding vouchers to purchase Stacks Tokens, up to a maximum of $3,000 in Stacks Tokens to each voucher-holder (the voucher program).


We are offering the tokens in the following ways: As filed with the Securities and Exchange Commission on July 11, 2019īlockstack PBC ( we or the Company), a Delaware public benefit corporation (together with its affiliates, Blockstack), is offering up to 180,333,333 tokens of our new cryptoasset, the Stacks Token.
