Following increased volatility in the cryptocurrency market, and with most investors preferring to ‘hold’ their assets rather than invest, it’s no surprise that a growing majority of ongoing ICO’s have had a hard time achieving set targets. Preliminary analysis from TokenData reveals that just under 27% of ICOs surpassed their fundraising targets in November. To this regard and also because a significant majority of prospective investors didn’t comprehend the idea behind the Districts project, the team has decided to implement a system-wide overhaul with our latest update.
Update Details. Web Portal .Website makeover
We’ve given the website a massive facelift; it now spots a minimalist design with more text and animations that provide a succinct overview of Projects Districts, its applicable use cases and upcoming events from the team.
Whitepaper/One pager Makeover:
The new whitepaper and one pager are less technical than their predecessors. We substituted the complex wordings with simpler text and included eye-catching infographics for better understanding.
ICO Revamp
Steps taken to address Market Volatility.
When we kick-started the ICO one bitcoin was valued at $6000, as at the time of posting this announcement its value has surged past $10000. To protect the collective interest of our investors we’ve decided to;
I. Compensate all existing investors by adding the difference in the value of invested coins, calculated by subtracting the initial value from their current worth, to their wallets. So, if you purchased 1 BTC worth of 3Dcoins when BTC was trading at $6000 per BTC, given the current price of $10,000, you get $4,000 (10,000 — $6,000).
II. Valuate the amount of investor 3Dcoins based on the real-time value of accepted coins. What this means is that henceforth, 3Dcon will have a floating market value that is hinged on the trading price of BTC, LTC, ETH and DASH coins. Any rise in the value of these coins will be followed by a proportionate increase in the amount invested 3Dcoins.
§ Also, investment bonuses are no longer tied to the invested sum. Instead, we’ve decided to allocate bonuses based on when the investment was made (November was 40%, December will be 20%, and January is pegged at 10%)
§ When the ICO ends, and when 3Dcoin becomes listed on global exchanges its worth will be determined by its actual value.
III. Extend the ICO duration to 31st January 2018, to allow investors the opportunity to get acquainted with our recent updates, and also to foster better understanding of the Districts project.
This information is taken from the news website.
https://medium.com/districts/districts-ico-update-02-dec-2017-58236ef7c476
