ANNOUNCEMENT:
First of all, we want to thank you for your efforts over the past three plus month as we tried to launch Swapper.io.
Unfortunately, the ICO did not go as any of us has had hoped. The passage of the new tax bill has ruled that only real estate will be applicable for Section 1031 Exchanges, which wipes out the primary purpose of Swapper. We have been busy with our legal team analyzing the possibility of continuing in one way or another but under the new law it is impossible, and we have been forced to close down our operations
We have decided to return all the Tokens issued through the ICO.
We will return the same value of Tokens that were purchased during the ITO and we will return that value in the same currency the purchaser used (ETH or BTC).
Our logic here is to return the same amount, USD based, as the SWAP tokens purchased.
We have paid legal, advertising and other administrative costs from our personal funds and will not get any reimbursement for those expenses. Our initial investments which currently well exceeds $15,000.00 will also be a loss for us to incur.
To all the bounty hunters involved, thank you for your efforts. We have al risked and, in this case lost. This is obviously part of the game, so we appreciate the effort and the risk that was taken by everyone and hope we all have better results in our future endeavors.
Any questions can be directed to
info@swapper.io. This thread will be locked in 48 hours.
Thank you,
Michael, Matthew and Marty
Swapper.io
Hold on, team! I believe you will come up with a much better idea, and it will have a succeed! Good luck!
