The AIR newsletter is out:
http://mailchi.mp/7a3743792561/air-august-2017-newsletterAIR | AUGUST 2017 NEWSLETTER
Welcome to the AIR Newsletter! It has been an eventful few months since the closing of our crowdsale. We would like to formally thank all of you who contributed during the period. We raised nearly 7 million Dollars (USD)! This newsletter will serve to inform all AIR Crowdsale participants and current XID token holders of our current progress as well as our future plans. The newsletters will be released on a regular monthly basis via email.
TEAM/ORGANIZATIONAL UPDATES
Since the crowdsale, we have been busy relocating our team from around the world to our new offices located in New Zealand. This has been a time-consuming process and has caused a slight delay in the progress of our work. We will have all our team members relocated by mid-September 2017. Instead of having fragmented communication across different time zones, bringing the team together in a central location will make the decision making and development process a lot faster.
We have also acquired new talent with a lot of experience in the blockchain identity space to complement our pre-existing team. This includes the hiring of a new Chief Executive Officer (CEO), who is expected to join us during September; the CEO will be formally introduced to you in our next newsletter.
We have also commenced our search for additional senior development team members as we look forward to further enhancing AIR product development. This will also be subject to further announcements as we move forward as well.
PROJECT DEVELOPMENT UPDATES
The initial fabric has been laid out, including the algorithm and basic features for the wallet. However, we are currently exploring expansions to the core technology stack for the underlying platform for which our products will be built on. This will allow us to have even greater flexibility for application integrations. Our partners will be able to build modular applications on top of our fabric, in addition to the AIR, EON, and CTRL applications that will be built. We have had two meetings in London so far with our development partners and will be having more meetings in September to discuss and finalize our approach.
We are also progressing in discussions with the potential partnering of a firm which possesses some great technology that will complement what we are doing here very nicely from a technical perspective. When the core stack has been completed, we will be moving on to our next phase of piloting the product with our business partners.
In order to protect our competitive advantage, announcements will be released later on in the year with respect to the names of our partners and our pilot projects. We are currently exploring a new innovative way to apply our identity application to other technologies. This will open up an entirely new stream of revenue for our company with applications that have a global market outreach. We want to safeguard this opportunity we have discovered until we are far enough along that competition would not be a threat. Our roadmap will be reassessed to include these additional requirements, and extended for the design and implementation plan. Full details will be made available to our stakeholders in a future announcement.
Finally, we have enlisted the services of a digital marketing agency that will be redesigning our website for us. The website will have a sharp appearance and will include all the information previously available on our old site. The site will be fully redesigned from frontend to backend; will include visual designs for partner logos and descriptions; and a dedicated news/media page that staff will be able to upload to directly. Further updates will come when we are closer to launching the site later next month.
OTHER COMMUNITY CONCERNS
1. Exchanges: We have decided to delay exchange talks and focus on the development for the first few months. We are running a company, not a pump and dump campaign. If that’s what you were looking for, then you have come to the wrong project. We are playing the long-term, not the short-term game. A business is not built in a few months. A full-scale marketing strategy is planned out with proper content scheduling, and that will be released when the time is right. We are aware of the low-volume so in order to address that concern, we are reviewing processes to assist the liquidity on the exchanges, and further updates in this regard will be communicated in due course. Please contact one of the team members at
community@sphre.co if you wish to have your XID purchased.
2. Slack: We have been having problems with ghost accounts in our slack channels that we are not able to ban. We have also had more problems with the Slackbot being hacked. In order to solve this problem we are looking into moving our Slack communications to another service (potentially Discord). We will make a formal update across all our channels when the switch is being made.
3. Updates: Obviously it’s been a little quiet across the channels, We hope that you can understand the operational growing pains of a new business; everything will come together nicely over the next few months at which point we will be kicking into another gear and updating more often and synchronously across all communication channels. For now, the best way to keep in contact with the team is through the Slack channel and the community email mentioned above.
4. Distribution: There are still tokens that need to be distributed. Unfortunately there was an issue with users submitting their token addresses which created a delay. We also had technical difficulties with the August 5th distribution and that has created some further delay. I would like to issue a formal apology to those users who are still waiting. The communication has been slow because we are spread across multiple time zones; but the communication is a necessary step, of course, and will improve as we work on getting into our new office space. Your tokens will be sent out as soon as possible. The market cap will also be calculated after the final burn is completed.
