[ANN] Royal Kingdom Enterprise ICO

=== Bittrex Trading Email ===

Hi all,

The most significant event today for us was supposed to be the trading on Bittrex, one of the largest exchanges. It seems that it’s not going to happen. As we believe in open communication and transparency, we will shortly explain what took place. If you are not interested, you can skip the next paragraph.

One of our marketing guys we hired told us several days ago: “See I am partners with the Owner of Bittrex, 4 years like a brother” and promised us that he would absolutely get us on Bittrex. We only had to pay him up-front in Bitcoin, and we did, and we relayed this promise to you. We followed up with him every day, and he was saying everything is under control, but the hope was fading with each day. And today, instead of preparing our own platform for trading, we were trying to resolve this issue and reached directly to Bill from Bittrex, who has confirmed the ongoing friendship but declined the partnership or any affiliation with Bittrex, and said that the guy shouldn’t have promised us this. We are very disappointed that this happened, but we need to move on with our tasks. We did not try to use Bittrex name to hype the coin up -- we can provide any proof confirming this. We have fired the guy and will try to recover the payment. At the same time, we will take 48 hours more to get our platform to the best state possible to make it a primary trading exchange for RKC. We are also going to continue efforts to get it listed on as many exchanges as possible.

In other news, redistribution successfully took place on the platform. 1,760,220 RKC (11%) were to be redistributed, and they did, according to whichever percentage of 15,000,000 you were holding at the moment. Funny thing about it - the ICO wallet that held that 11% was entitled to 11% of that amount, due to the way the premium algorithm works. And the private key to that wallet doesn’t exist. So this means, effectively, that 11% of the coins got burned, decreasing the supply. Moreover, with each premium paid, that wallet with locked 11% will always be entitled to 11% of 11% (~1%) of all the premiums. This is actually a good thing - while you can spend your premiums (sending the price back up), this wallet can’t. Never. It means the supply of the coins will be steadily decreasing each month (not for 1% each month, but for 1% of the premium amount). And we promised to buy them each month from the open market. If people refuse to sell, we will offer bigger and bigger price until someone does. The coins are going to become more and more rare, and the price should follow the supply formula. It’s going to be very exciting to see how this will actually play out.

We have also sent out bounty payments for categories “Articles” and “Facebook.” According to the terms, we have 96 hours after the end of the ICO to sent bounty payments, so the rest (“Twitter” and “Signature” categories) will be sent out tomorrow.

That’s it for the day. Thank you for reading this to the end. Have a good evening.

Best regards,
VentureKingdom

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