Development Update:We have a fairly big announcement. We are in the process of restoring investor confidence and part of that process is to reward our current Rise token holders, as well as getting delegates forging as soon as possible. Even though we are currently on this path, it’s only fair to mention that we had hit a bumpy road.
Previously, we have been pulling teeth, trying to get updates from our development team. It had gotten to a point where we were instructed to formulate emails as the “method” to reach them. Days had turned into weeks and even after many promises of daily updates, we still didn’t see progress. Many of you guys had stressed your concern as well.
We were then told by Justin that his development team needed more funds to continue the project. After close examination, and to prevent our funds from becoming more depleted with little to show for it, we discontinued funds to Don’t Panic (Justin’s business). As a result, Don’t Panic including our co-founder Justin walked away from the project.
However, we have acted quickly and are working with another developer right now. We will let everyone know who this is in an upcoming announcement. All Rise 2.0 work so far has been transferred to our new developer. Before we move further on that, we have decided that we will push out Rise Classic by cloning Lisk to get delegates forging and earning rewards ASAP.
We had relied on Justin’s promises that Rise 2.0 code base was going to be “easy enough” for him and we counted on his insight, such as promising a working prototype by December. It was moved to January, and then to February. And nothing came to fruition. “More funds” was never part of our original agreement with him.
So we have decided to move quickly and get Lisk cloned and delegates forging (Rise Classic) while Rise 2.0 is looked at by our hired new developers. We don’t want to waste any more time on this. In addition, we will be rewarding our token holders by providing them with Chipz which is explained below.
We are in negotiations with an online casino software supplier with the aim to launch a fully operational online gaming platform that will operate using Chipz tokens as the currency. Rise holders will receive Chipz tokens based on their holdings. The value of Chipz will be determined by the free market as soon as it hits an exchange. In order to use the casino players will be required to purchase Chipz tokens... Chipz will be available for purchase direct from the casino converted at the current market price or from an exchange. As soon as fiat gateways are available on the Waves network the casino will begin accepting fiat tokens that can be used to instantly purchase chipz for use in the casino.
More details to be revealed as we advance the Chipz project.
McVenture and myself will check in regularly this week here at the forums to make sure we answer any questions you guys have. Thanks. And let’s get this project rockin’. Good things to come!
Rem
