!!!! MAJOR PROJECT UPDATE !!!!
Dear Community,
As Crypto mania pointed out in hes previous comment, our presence on bitcointalk was not too active in the last couple of days, so please accept our apologies and let us inform you about the current state of the project.
Crowdsale:
Starts on the 20th next Monday with 50% off on the first week. We are about to launch the crowdsale under extremely volatile ETH market conditions where both Alts and ETH are in danger of a further selloff as we believe money will keep bleeding to Bitcoin at least for a while. Anyway crowdsale is NOT our main source of income so we can go ahead with it as planned. Looking at market conditions it is likely that we wont be able to reach our initial goal of 400 ETH. However we would like to assure all of our investors that no matter how the crowdsale goes, we will keep working as our company runs independently from crypto. It is to say that a successful crowdfunding would help us a lot with our upcoming travel and even expenses abroad, but fortunately we dont depend on it business operation wise. So again crowdsale starts on the 20Th of August as planned.
Private sale:
This is the main reason why we were not quite active on forums like this. The Private sale start the same day as the Crowdsale and we had a lot of negotions with our Private investors. These are basically the following: Restaurant and bar owners, Hotel and Gostel operators, Local municipality branches for tourism. We spent pretty much the whole last month on negotiations with these partners. Their support is extremely crucial to the project as they are the ones (acceptance points) givig utility to the Token itself. Without the support of relevant tourism organization parties we woukd not have a real life usecase and would fell under securities as a consiquence. Fortunately we have an overall awesome acclaim from these parties. We basically already sold (actual sale start on the 20th) 15% of the 3 Billion Private sale tokens. Around 60% in Hungary and 40% in Spain (at the moment these are the two countries where we have HQs to negotiate phisically). Our PS live events can be found on our Facebook but you may turn on subtitles as those are not in english.
Tech Update:
We are in close partnership with IBM in general. They are not involved in our ethereum blockchain work at all, however they have a great interest in our tourism projects in general. As we had dozens of negotiations with industry leaders, it is clear that around 40% of companies doesnt think that the blockchain is secure. They seem to be afraid of public chains and would prefer private solutions instead. However they would still need to be able to interact with their clients directly so we had to think about this issue a lot. A week ago we made the decision that we will partner up with IBM to settle a second Meerkat blockchain that will have the same properties as this one, but it will run on IBMs Hyperledger platform. This way we can create a permission based Meerkat smart contract for companies looking for more secure blockchain solution. IBMs prestige is of course a useful sales tool for us as well. Hyperledger is capable of running the Meerkat Exchange Contract in its current form. Hyperledger is fully compatible with Solidity therefore Meerkat will soon become an interoperable Token with multichain features. We expect to carry out this development accordingly to our roadmap.
Etherscan Update:
If you look up our contracts you will find that 100.000.000 MCT Tokens are transferred from the Private Sale Address (original balance of 3 Billion Tokens). We have transferred these Tokens to a newly created Private Sale dedicated address. We had to do this because of some Private Investors who never used crypto before and they couldnt or dont want to buy Tokens with ETH but rather with FIAT. It is not common and we always support our partners with their first wallet creation but some Investors are not even interested in ETH. They are mid/long term investors so they are not really interested in how they can swap MCT back to ETH or FIAT. So it is a good thing. These Investors are long term hodlers
This is it for now. Next week we will be busy with the launch of the IBM cooperation so once again you may feel that we are not active on social channels, but you can always find active community members in our Telegram chat. Many members are 100% up to date with what we do in the phisical world so feel free to ask them. The official IBM cooperation will be announced later this month on every channel so expect us
Thank you for all the support and we keep up the hard work.
Best regards,
Meerkat Team
