"Dear IOP fam,
we have two key-pieces of news for you today.
#1. We'd like to inform you that we stopped the IEO on the Latoken platform yesterday, based mainly on investor and community feedback.
To be perfectly clear: The Latoken support team was great. The communication, the helpfulness and the quick response to requests to us were all good. Everything from the team side was top. However, the underlying performance of the Latoken platform was an absolute disaster.
I've been in the web/webshop and app business for over 10 years. I've never seen such a bad pagespeed score in my life (mobile 2/100 & Desktop 10/100). Confirmation emails are sometimes not sent (the support said in this case, people have to repeat the registration process). Sometimes even, the page is not loading completely. You then have to reload the page manually before anything is displayed.
We have received messages from potential investors almost every day since the beginning of the IEO. They complained that they either had too many site issues or would not trust the website because of the bad performance and therefore would not invest.
We brought more than 20k unique visitors to the IEO landingpage so far. Which was hard because we had a long list of restricted countries including the US which further complicated the matter. So based on all this we had to act quickly. Yesterday we asked Latoken to stop the IEO immediately, which is what they did. As I said, awesome team, but unfortunately a very bad technical performance of the IEO platform/website.
Latoken has agreed to refund all money already invested into the IEO. All investors that purchased Hydra will get their BTC/ETH back from Latoken.
This was the first piece of the news. Now here comes the second, and more exciting piece of news!
#2. We are continuing the Hydra token sale in a brand new way, with many upgrades!
We talked to a good and long-term Partner of IOP and asked them if it's possible to run the tokensale on their platform. They agreed and we started working on the implementation together.
Im talking about the best and one of the largest crypto swap service platforms in the world today: simpleswap.io
This brings several key advantages for you!
- No KYC or registration needed
- No restrictions
- You will get your Hydra immediately after purchase and can use them for voting or setting up a delegate
- You can buy Hydra with the following cryptocurrencies:
btc, bch, bsv , eth, xlm, xrp, rdd, xmr ,eos, ltc, dash, etc, bnb-mainnet
In this process we re-thought and upgraded the whole classic IEO format and decided to run a "Dutch auction" on Simpleswap.
We start with a price of 0.08$ on Sunday to Monday night 00:00 UTC and going steadily down to 0.02$ on the following Sunday 23:59 UTC.
Now you might think, oh I'll just wait until Sunday and then buy some. But here's the catch, there will be only a limited amount of Hydra available every week to buy. So if you try to buy too late, you might miss out. To keep the auction fair we will not disclose this publicly, and the amount can change every week.
And finally an update for our extended family in the United States. You are probably aware that it was not possible in the recent past to trade IOP from the US. Now, since HYD is a utility token, there will be some change. We're happy to report that we're currently working with attorneys in the US on a legal opinion and all signs are positive that we'll be a SEC compliant utility token, opening up pathways to future exchange listings. We'll update you more on this later."
Now, you can buy HYD at
simpleswap.io
