I'm pretty sure I purchased Civil tokens today — literally buying into an experiment to put journalism on the blockchain.
After the sale, There were no tokens in my wallet and no indication my purchase was "on its way." Just a blank screen.
Unsettling, but I'm not actually worried.
How it went down
At 9:59 am I popped open my laptop.
I had prepared for this moment by taking the required steps, which included passing two quizzes, twice proving my identity, and buying a bunch of Ethereum tokens.
I was ready to exchange those Ethereum tokens for Civil tokens, abbreviated CVL. The Civil token sale went live at 10 am.
I went to the Civil site on Token Foundry and I clicked "buy."
For my payment method I chose "Metamask" — the browser plug-in and cryptocurrency wallet holding my Ethereum, or ETH. The ETH had even climbed a few bucks in value since I bought it (after dropping 20% last week!)
I confirmed the purchase amount, waited a minute and saw this:
I even got a link taking me to the digital details of the transaction on the blockchain, clearly showing my ETH went to Token Foundry.
But there was no record that once there, those tokens became CVL tokens, or even that they will at some point in the future. The only proof I had was the "success" screen capture above I happened to snap because I planned to write this post.
After reading so much about maintaining the security of my cryptocurrency wallets, along with the profoundly traceable nature of transactions on the blockchain -- the lack of even a "pending" transaction was a little odd. It was also the second time real money had seemingly vanished in the process.
But I'm actually not concerned. Maybe that's silly, but one thing I've learned in this process is that the Civil folks have thought a lot about this system and this sale. Plus I have both the screen shot and a receipt that I sent Token Foundry a bunch of Ethereum.
Oh, and then this evening I received this via email from Token Foundry:
Of greater concern, might be that the sale won't go through at all if people don't buy more than $8 million in tokens by October 15.
After exactly 12 hours the tally was $98,984. At that rate, assuming people buy 24 hours a day, I think Civil would come up a couple million short.
I hope I'm wrong. I'd like to see how this experiment plays out, while also having a small stake in it.