We would like to officially announce the Coin Proz project is coming to an end. We appreciated all the support we had for the project but we are unable to continue working on it. The bitcoin we raised from the token sale was used to re-develop coinproz.com Until recently we have tried to find ways to keep the project alive. Now the entire team has decided to close the project officially.

In October we were starting to run low on Bitcoin to help fund our Developer. The team continued to look for additional ways to raise capital to continue developing coinproz.com. Unfortunately we were unsuccessful in raising significant additional development capital.
 
We had ambitious plans of creating an all encompassing social media site for the crypto community and we were stretched too thin financially. We appreciate all the support from the community and we are sorry we could not deliver the project we had envisioned.

The team cannot afford to keep working on the Coin Proz project but we open up the offer to let someone from the community to take it over what Shannon has created. If interested or you have questions please email Tim Frost at coinproz@gmail.com or Shannon Code at genecyber@gmail.com regarding taking over the project.

Here is a breakdown on how the bitcoin was distributed.
We received a total of 56.6 Bitcoin from Prozcoin token sale.
31 Bitcoin worth $12,000 Shannon Code received to develop coinproz.com
12 Bitcoin was used for refunds and buyback for Proz
5.5 Bitcoin was compensation to other team members for contribution
The balance was used to pay for operational costs and payment of debt

Anyone who has any Prozcoin needs to remove it from C-CEX by June 30. Any prozcoin remaining on there will never be recovered. An email will be sent out to all accounts that hold Prozcoin on C-CEX to notify them.