IMPORTANT ANNOUNCEMENT
State of the Wolfpack Address
To the Entire Wolfpack Community:
Like all visionary ideas, The WolfpackBOT and Wolfcoin Ecosystem started with a dream.
That dream was based on the vision of our CEO, Phil Longhurst, and the dedicated inner circle that he assembled in the early days of our project’s development. What if there was a software application that could help ordinary people achieve greater financial independence through cryptocurrency trading? What if it was backed by its own blockchain, which also had the potential of serving as a source of passive income for those who held the coin? What if the members of our team, through hard work and dedication could improve not only our own lives, but the lives of human beings around the world through the revolutionary technological development of automated cryptocurrency trading and our own dedicated blockchain?
The dream became a goal, the goal became a project, the project became a company, and we remain as committed as ever to that vision; however, over the past few months, there have been some decisions made that have caused our community to question our trustworthiness. The success--or failure--of any business hinges on the trust of those the business serves. Without this trust, no business can hope to survive, and this is especially true in cryptocurrency, an industry that unfortunately has been plagued by bad actors and bullshit artists, especially during the last bull market of 2017 and the subsequent crash.
This led to 2018 and 2019 being particularly difficult years for start-up crowdfunded cryptocurrency projects as those bad actors led to a lack of investor confidence. Our founders have funded the project from the beginning, and together as a team, we have put in $350,000 of our own money into the WolfpackBOT and Wolfcoin Ecosystem. Altogether, our crowdsale and IEO grossed $362,218. This means that because WolfpackBOT had no softcap as we were self funded, the project will continue moving forward no matter what. We have our own hard-earned savings invested in this project, and we are dedicated to its long-term success along with all the members of our community who have helped us along the way.
Obviously, this amount is short of what we hoped to raise, but it was enough, when combined with our own self funding, for us to get the company off the ground and get our initial product, WolfpackBOT software, out to the public. We view our crowdsale as a success, especially when compared to the many cryptocurrency based projects that failed to reach their softcap or even make it to their initial product launch during this bear market.
The fact that we were able to raise these funds through sheer hard work, a dedicated grassroots marketing approach, and allowing our product to speak for itself says volumes to all of us about the amazing potential for the project’s long-term success. All of the members of our team are still working their day jobs and are putting their time and energy into WolfpackBOT at the same time, and working extended hours including nights and weekends. We know the long term potential here, and we want to let each and every one of you know exactly where we stand at this moment, so that we can more effectively show you where we are planning to go in the future and address your questions and concerns in a completely honest, forthright, and transparent way.
So, where is WolfpackBot going from here? Our number one priority is to continue to develop the most advanced cryptocurrency trading bot on the market and to grow our subscriber base, while simultaneously advancing the visibility, liquidity, and buying power of both WOLF and HOWL.
Over the next few weeks and months, we will roll out a timeline of goals that will serve as a guidepost for our long-term ambitions. Goals for future products, services, and exchange listings will be detailed along with our philanthropic and humanitarian ambitions. The Wolfcoin Ecosystem has never been about profitability alone, it’s also about creating a better world, a world where all can share in the benefits of this revolutionary technology. The WolfpackBOT and Wolfcoin Community isn’t just our community, it’s also your community, and we will listen to and respond to your logical suggestions and ideas as time permits.
In the shorter term, we have recently launched a marketing partnership with ADVFN, a well-known financial market company that has been providing data and services to investors and has been successfully bringing new customers to companies since 1999. In addition, we are currently exploring partnerships with cryptocurrency payment networks such as Spend, BTC Pay, Bitpay, Coin Payments, and others, as well as individual merchants and merchant networks. We are also in communication with additional exchanges, including Coin Exchange, Cryptobridge, Gate.io, Escodex, and others, and we will keep you up-to-date as negotiations move forward.
We hope that having this information and being a bit more informed about not only the situation on the ground but also where we’re heading and what we’re doing will help to give you insight into why we have made some of the decisions we have had to make over the last several months. We have also had to navigate and ensure that we have been compliant with the ever changing regulatory laws. Granted, many of these decisions were very difficult and kept all of us awake many a late night, chain smoking and drinking coffee by the gallon as we tried to make the best decisions possible in a very difficult cryptocurrency market situation.
We have also been discussing many of your suggestions internally, and we wanted you to be aware of some of our plans that we are working to roll out over the next few months. Here are a few of the next steps we have planned for WolfpackBOT, WOLF, and HOWL, in 10 points:
1. For Bot Subscriptions that are paid in WOLF, we will distribute 15% of the WOLF received to the HOWL revenue sharing wallets.
2. For BOT subscriptions that are paid in cryptocurrencies other than WOLF, users will receive a 10% HOWL bonus based on the dollar value of the subscription. At the same time, 85% of the equivalent value of WOLF will be burned from our unsold supply, and 15% will be moved to the HOWL revenue sharing wallets. So, for example, if someone pays $65 for a bot subscription in a cryptocurrency other than WOLF, $55.25 worth of unsold WOLF will be burned, and $9.75 will be moved to the HOWL revenue sharing wallets.
3. We are working on shared BOT pools that will be monthly subscription based. These are the pools that we are planning to implement:
USDT/BTC
USDT/ETH
USDT/BTC & ETH
BTC/Alts
ETH/Alts
The model we are considering is to accept a to-be-determined portion of the subscription fee payable in WOLF. A to-be-determined portion of the WOLF received will be sent to the HOWL revenue sharing wallets for distribution to HOWL holders, and a to-be-determined portion of the WOLF received will be burned.
4. We will be introducing our own subscription based trading academy, which will teach our members how to effectively trade cryptocurrencies, read charts, and create trading bot strategies based on the charts. This will include live videos with live Q&A, just like an online college course.
Again, the model we are considering is to accept a to-be-determined portion of the trading academy subscription fee payable in WOLF. A to-be-determined portion of the WOLF received will be sent to the HOWL revenue sharing wallets for distribution to HOWL holders, and a to-be-determined portion of the WOLF received will be burned.
5. We will be selling WolfpackBOT and Wolfcoin promotional merchandise, such as t-shirts, hats, and other promotional materials to help us advance our project’s visibility. Again, we will accept a to-be-determined portion of the payment for these items in WOLF, with a to-be-determined portion of the WOLF received being sent to the HOWL revenue sharing wallets for distribution to HOWL holders, and a to-be-determined portion of the WOLF received will be burned.
6. We will be implementing a buy-back/burn program for WOLF. Beginning Q2/Q3 in 2020, each quarter we will allocate a to-be-determined portion of our revenue to be used to buy WOLF from the exchanges and burn it. This is similar to the model that Binance follows for BNB coin.
7. We are planning to make philanthropic endeavors a major part of our ecosystem. These projects will accept WOLF for donations, and we will match a to-be-determined portion of the WOLF donation amount and burn it. A few of the projects we are currently looking into partnering with include a childhood cancer foundation and various animal rescue charities.
8. We are looking into adjusting the Wolfcoin blockchain code to increase the masternode collateral after a future block, while still maintaining the original masternode collateral for the current masternodes.
9. As we move forward, and our company grows in the coming years, we will continue to develop the capabilities of our bot, while also increasing the number of use cases for both WOLF and HOWL through external partnerships and internal product and service development, which will continuously increase volume, buying power, and liquidity.
10. In the coming weeks, we will be hosting live AMAs on Telegram, where you will be able to ask our team questions about trading and our bot.
We are happy to continue to answer any additional questions you have for our team, and it is our sincere hope that by “setting the record straight” we can work to bridge the gap between our team and our community. They say that challenge builds strength, and our team has certainly faced our share of challenges over this past year but these challenges have only made us more determined than ever to succeed. We will work alongside you, humbly and diligently, to continue to build the greatest crypto project and community in the world.
Our humblest and most sincere gratitude,
Rance Garrison
Chief Marketing OfficerWolfpackBOT & Wolfcoin
