We at
HELIX Orange announced to start our Main Sale on the 13th September 2018. And we were quite confident to proceed as we had a couple of insights saying that the crypto market should rebounce after the summer break and with a couple of encouraging news about much more mature great blockchain projects that are in funding round right now. However, we are sorry to say that the market is not in the condition to start our Main Sale with the given perspective on the Ethereum price. We analyzed the market with our analysts as much as possible and spoke to insiders and exchanges about the mood and the prediction for the next weeks. As an ICO has a lot to do with marketing activities and a vision to attract retail investors and crypto enthusiasts, we need to postpone our activities with the public token offering for the benefit and protection of our current investors.
So what does that mean?First of all, we highly believe in ICO as the new investment method for startups and companies. As ICOs today are highly dependent on the Ether price, there are some background information that lead to our decision.
First of all, we see that the hype around ICOs from November 2017 and February 2018 lead to huge funding of immature projects that struggle with the investors expectations. The analysis of
Santiment (
https://app.santiment.net/) shows, that we have a high exchange rate of these fundings back into fiat currency in September 2018. Last week it was about 153.500 ETH. The reason is fairly easy, those project are losing a lot of liquidity with the decrease of the ether and they need to pay their bills. The problem is that the amount of Ether coming from these sources is huge. Regarding
Santiment it is about 3 mio. ETH and even if the biggest part will hold the Ethers, there is still a rush out of crypto.
Are ICOs dead now?For sure not. We see that a lot of projects are still successful and we see that the underlying Blockchain technology is hitting the industry worldwide to solve real world problems and we see that the money that is spend into Blockchain projects is increasing very fast. The Blockchain part coming from the industry and the ICO world need to find a common ground and that is a recalibration of the market. HELIX Orange is the ideal platform to bring all parties that want to establish a sustainable ecosystem together. So the future for us is bright and every talk that we have shows us the huge need in the market for
HELIX ID and a trustful interaction.
What is HELIX Orange doing now?Postponing the Main Sale does not mean that we sit down and wait. We are doing a lot of partnerships at the moment. We are talking to different exchanges and will announce a couple of great things very soon. We even work on new alliances that brings our vision to become the leading Identity Provider much closer to reality. On the other hand we are talking to many institutional investors and funds at the moment that share our mindset on we are delighted by the support of our community.
When will the Main Sale happen then?We are observing the market with a very sharp analytic eye and every slight indication for a rebounce will get us in the Main Sale process again. We will keep you updated on our different social media channels that we highly encourage you to participate.
What happens to my investment?No worries, everything is in place and HELIX Orange is one of the strongest project in the ICO market. But since we are dealing with ICOs in a twofold sense, our own ICO and the ICO platform as our main product, we need to react on market conditions. All funds are 100% saved by our partner bitGO in a high secure multisig wallet.
Can I contribute to HELIX Orange?Yes, you can. Get in contact with us on our telegram channel (
https://t.me/helixorange) and we connect you with our sales team to discuss.
Can I support HELIX Orange?We are focussing on building up our community even more and we strongly believe in the power of the crowd. If you want to become a part of HELIX Orange - Generation ICO, talk to us. We have community involvement and bounty campaigns on our top priority list.
HELIX Orange - Generation ICOHELIX Orange is the ICO marketplace connecting quality ICO projects with KYC-ready investors. Learn more about our ICO project and visit our website on
https://ico.helix-orange.com or send us an email at
ico@helix-orange.com
