Good day Printex family!
As some of you might already know if you are following our Discord, we have had a meeting this morning with the lawyer that’s helping our project to become a legal entity. We are really happy that we decided to work with a lawyer, since there is a lot of regulation we would have had missed that could have jeopardized the project in the future without legal support. Here are some of the point we wanted to share with you after that meeting:
1. In France, selling items on a shop, and being a reseller, require two totally different general rules of agreement from the users. What that means for us is that, when releasing the platform, we are going to need different agreement from the user depending if they want to just buy merchandise, or if they want to open a shop.
2. Accepting different method of payment (ie accepting different crypto), also require another set of agreement from the user/owner of a shop.
3. The legal paperwork won’t be ready for the planned release date of November the 28th, we will have to postpone again the official release date.
So we are now confronted with new problems. We will need more time than we expected to get the rules written for the textile platform, the shop front AND the payment in other crypto currency (global shop).
We talked about it, and because you guys have already been waiting for a long time, we decided to release the textile platform in a pre-release form on November the 28th as planned. This pre-release form will enable you to create an account and create and save your own designs, but not to order or pay for your merchandise yet. The official release of the company, along with the textile platform, with all the functionalities, SHOULD be just before Christmas
Now, because the shop part of the platform needs a different set of rule, we won’t be able to release it at the same time as the textile platform like we initially anticipated. This will most likely take another month after the official launch (so about 2 months from now), and that is only for the shop-lite and intermediate shop. If everything goes according to plan (and nothing ever does) we anticipate being able to launch the first Global shop a few week after the release of the shop platform.
Because of that, we decided to launch the shop front in a Beta phase, just like we did for the textile platform initially. This initial Beta will be for 20 users only, and will require registration. This will give u guys that plan on opening a shop, a good opportunity to test out the functionalities and give us some initial feedback about the shop front side. We are planning on doing a public beta just after the closed one. More information on this will come in the next few days.
This is all good news, as we are finally getting closer to a real, functioning, legal business. But on the other hand, it will take more time than we thought, and we are sorry for that.
Finally, like we stated in our last announcement, we are still aiming to release the first part of our new White-Paper in the next few days. This first part will cover the textile industry side of our company. We are then going to release two more parts covering the introduction of new functionalities on the platform as they become available .
As usual, thank you everyone for your patience and continued interest.
If you have any question, feel free to join our Discord!
https://discord.gg/ARwQhSk
