Goldilock will be minting a total supply of 1 Billion LOCK tokens as part of contract deployment on the NEO Blockchain. No additional LOCK tokens will be minted for use on the platform.
The token sale will have a hard-cap of $50M USD to fund company operations. Details on the sale phases, accepted forms of currency, and exchange rates will be communicated in Q2 2018. Proceeds from the token sale will fund continuing company operations, with the intention to allocate funds as follows:
Goldilock chose the NEO network for the LOCK token due to our alignment with their vision and philosophy on the future of blockchain. Their focus on Governance and Compliance, Digital Assets, Digital Identity, and Smart Contracts provide a solid base for the Goldilock Security Suite. In addition, their investment in ecosystem and community ensure that NEO will be able to meet the needs of its developers and consumers as the platform evolves.