Since the end of the ICO, Crowd-Genie’s team has been in full throttle developing the platform and building up the business. As mentioned, in our Whitepaper, we want to support the value of our tokens through a quarterly buyback from the exchanges, and burn the bought back tokens. In line with this, we are pleased to announce that we are conducting our first buy back during the month of July.
A total of USD10,000 would be used to buyback CGC Tokens from the cryptocurrency exchange, HitBTC. This would be done throughout the month of July to prevent any sudden price fluctuations in the market. Additionally, for the token to avoid being classified as a security, the buyback would be done at prevailing market prices.
Crowd-Genie also has been following the developmental roadmap closely and is now 4 weeks away from establishing the wireframe infrastructure for the Crowd-Genie platform, and another 4 weeks away from release of the alpha prototype. The community can expect tangible deliverables from Crowd-Genie in the coming months as we prepare for the launch of Crowd-Genie’s hybrid blockchain solution.
