Dear investors of ESR Wallet!
We are pleased to inform you about the completion of the first stage of development of our product.
At the moment the following functions are implemented:
1. Storage of BTC, BCH, ETH, XRP, LTC, DASH, ESR, USD, EUR;
2. Instant currency conversion at a favorable rate;
3. Sending any currency to the ESR Wallet users (using their e-mail addresses, for example);
4. Two-factor authentication using Google Authentificator.
Unfortunately, due to technical works on the KYC / AML provider's line, the function of user verification is unstable nowadays. This problem will be solved in the very near future. We decided not to wait for the solution of this problem, since it is not on the side of ESR Wallet and we would like to share with you the work done for today.
For security reasons for the first time we have set small limits for all operations. This is a temporary measure, and soon the limits will be increased.
Now, as for ESR Wallet cards. We think everyone is already aware of the news about the termination of VISA's work with all crypto-payment companies. This affected the integration period with the card service and significantly complicated our task as we already had signed agreements with VISA card’s providers.
At the moment we are at the stage of obtaining a financial license in the territory of Gibraltar - this is a requirement that was presented to us by a card provider working with the Mastercard system. State regulation of crypto-currency in Gibraltar began only now, and the procedure for obtaining a license takes 3 months. Unfortunately, at the moment there is no faster legal way to create banking cards with cryptocurrency support.
Based on the circumstances, we decided to close the ICO on February 7, 2018, regardless of the amount collected.
Why did we have $ 8M collected in our plans? The fact is that for today we have more than 20 thousand pre-orders for the ESR card, and to ensure uninterrupted operation with so many customers it is necessary to keep a sufficiently large amount of money on prefunded accounts of the company. The less money we collect during the ICO, the less clients can use the service at the first stage. The amount of funds raised will not affect our plans to implement the entire planned ESR Wallet functional list, but it will reduce the number of clients that will be able to get their cards in the near future. With the growth of the company's revenue, we will increase our customer base and attract new clients.
Options for loans and deposits will be available to ESR Wallet customers right after connecting the card service.
ESR Wallet versions for iOS and Android will be available for you within 2 months.
The ESR Wallet Token will be traded on the Livecoin.net exchange. We found this to be a good option: the exchange itself has been established long ago and has significant trading volume. Now there is a process of adding an ESR token to exchange, it will be completed by February 28, 2018. The exact time of the token listing will be announced as news from Livecoin arrives.
In addition our token will still be available for sale on the Orderbook exchange. Negotiations on cooperation with other exchanges are also underway.
On behalf of the entire ESR Wallet team, we are very grateful to all ESR Wallet investors for your patience and support. We assure you that we are trying our best to achieve the goals set and are working 24/7 to do it in the very near future!
