From Mihai in telegram yesterday:
Hello guys, we had a lot of discussions this week at the Board Meeting and with our new institutional contributors and Team Members. As we were always here to update you and really value your support, i am making on behalf of our team the following statements, showcasing our strategic moves, for the good of the project:
1. We strongly believe that there is a clear need for mature projects in the market, back by proper teams, funding and real product market fit, with a clear utility for the token. So even if when we first wrote the whitepaper, we never hoped that this year we will launched, with the help of the great tech team and our new advisors and programmers, we’ve managed to beat that dealine and deliver not just the Marketplace, but also the Development Platform. Please check it out
2. Since we have decided to push a lot and win another 3 extra months of development by scaling up our team, we are now on schedule to launch the environment on the 15th of September, with the Test Net, Suite of Oracles and IDE. So if we all made this crazy push, we prefered to concentrate the energy now on developer onboarding, hackatons and partnerships instead of doubling our effort with the live ICO. More substance and users, more traction in the public sale, more awareness for the Token.
3. We became a regulated ICO under the Gibraltar jurisdiction and we are now in the process of getting our DLT Blockchain licence, becoming one of the first companies in the world to receive that soon, and there is a lot of work to comply with those strict rules of managing properly a distrubuted ledger technology. Important to reach that important goal at the time of the Token release.
4. The markets are bad now and summer is a big distraction from
Real business in this space, as you are all aware. So instead of losing energy and momentum with marketing and asking people to follow, we prefer to put all of that in an extra effort with the tech team and push the official launch of the product in September. By that time we would have validated the dev platform
with 6 hackatons and made partnerships with some important development communities.
5. As we are way ahead the schedule and we will release the Unified Developer Platform and Marketplace one year ahead of the schedule, on the 15th of September, we are considering moving the final release of the tokens on that date, during the public ICO, and we can assure you 100% that this is the final change in our timeline for many reasons, the most important being your clear interest for the Token and your right to receive it as soon as possible but also an important one: The fact that as Modex Token is the governing Token of the Modex ecosystem, the transactions on the platform
cannot be operated without the Token so we will for sure launch and distribute the token in order to launch officialy the marketplace and dev tools, to allow developers to get paid and clients to buy from them in Modex Tokens.
6. As a final note, as i understand you are interested to protect your contribution and support us with pleasure, i am adding another 5% bonus Modex Tokens to your balance, even if the market is not good at the moment as i feel obliged to reward your patience and support for us.
We are now a team of 50 thanks to all of you and we do maximum every day to over deliver and add a real product in the blockchain space. Tomorrow we are supporting another important hackaton on our infrastructure and we will show you the results immediately after.
Thank you again for supporting us, we are adapting our strategy to market conditions and also aligning that with our technical developments. We are always here to respond, thank you very much, your wallets will be updated soon!