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I have news for you that I hope will make things better in here. I have advocated for you. The team and I have heard everything that you have petitioned, and we have talked in great detail about this. I know you all worked very hard for your bounties, but at the end of the day, our raised amount was unfortunately drastically less than what we intended to raise when we initially created the bounty program. Amazix took the lead on this, and we are aware they have a good reputation in doing so, but we did not fully consider the terms of the agreement, and for that, we take full responsibility. We are not here to slander their name, as I know many of you support what they do. With that being said, we gave them control and should have monitored and considered all outcomes in greater detail, and created clearer terms in the event that adequate funding wasn't made.
We hope the following solution will at least be an acceptable compromise. We agree that your work is worth more than what you have been paid currently, but we don't have the funding to just release $700,000 in tokens, so in addition to the tokens we are releasing today, we will lock up $300,000 in tokens for one year, and they will be paid out to you all at once at that time. The tokens will be frozen at ICO price, so if RepuX price is 500% or 1000% higher, you will benefit from the price increase as well. For the terms of this agreement, we are asking you to remove any "scam" posts that you may have made on our public forums. We would like to thank those of you who have supported us and did not jump to conclusions. I apologize for the delay in response as we weighed all of your requests. Thank you for your time.
We hope the following solution will at least be an acceptable compromise. We agree that your work is worth more than what you have been paid currently, but we don't have the funding to just release $700,000 in tokens, so in addition to the tokens we are releasing today, we will lock up $300,000 in tokens for one year, and they will be paid out to you all at once at that time. The tokens will be frozen at ICO price, so if RepuX price is 500% or 1000% higher, you will benefit from the price increase as well. For the terms of this agreement, we are asking you to remove any "scam" posts that you may have made on our public forums. We would like to thank those of you who have supported us and did not jump to conclusions. I apologize for the delay in response as we weighed all of your requests. Thank you for your time.
I accept this
I feel that would be fair.. I understand the problem with issuing 10%+ raised funds as it somewhat injures the price and could affect current investors.
Cutting the reward 50% and releasing a large portion in a year seems acceptable.
I think other participants should agree and see the teams point of view. We could benifit greatly after a year.
Absolutely right. This is a fair decision regarding the situation we are in. Personally I can wait for a year to get my reward but only if I would be sure that tokens 1) are locked for 1 year 2) would be paid out to bounty hunters in a year. Smart contract will do the both.
So I agree.
