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Author Topic: [ANN] [PRE-ICO] [PRODUCTS ✅] EtherAce Decentralized Asset Speculation Platform  (Read 1585 times)
TheHas
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September 02, 2018, 08:46:39 AM
 #301

I'm assuming this project is dead? Given no news and the three week bounty 'pause' continues for months?

I guess too many gambling type coins out there to compete with.

Hey TheHas,

Sorry for the lack of communication. No the project is not dead, but we are doing a major restructure. We've revamped the gambling product 'Flip' and have completely changed the terms of the token sale, from token supply to hard cap. This is a hard time for ICO's, in a very bearish market. Many crowd investors have less to invest, so we've been forced to turn to private investors / venture capitalists for initial funding.

We will be releasing the new website/product soon.

In terms of bounty, we didn't find it very affective for the span that it was on. Bounties spread the word of projects to their followers - other bounty-hunters. This is fine, but in a bear market, our market research showed us many bounty-hunters, or the people our bounty campaign was reaching, didn't have funds they wished to invest, because they'd lost large profit they had from the market going down 70%.

Because of this we most likely won't be resuming the bounty unless the market goes into a bull run. We will be compensating all bounty participants for the effort they put in.

We understand the lack of news and silent team has been bad. We hope to make up for it with our new structure, which holds a much higher potential return to early investors and believers! We have a revamped product and roadmap that will help us attract users.

Thanks, and sorry! New website and announcement coming in about 1-2 weeks time.

That's ok, thanks for the update. Looking forward to seeing the new product and website.

Yeah you're right it is a tough time for ICO's. Seems like there is an abundance of bounty hunters, but not so many people with the coins/investment to fund ICO's. I'll keep an eye out for any further updates.

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