Over the last one month, ethx has acquired over 400,000 users around the globe and before you finish reading this (a little) long post, we would have acquired 19 new users(as per the current growth).
We're proud of every member of ethx and are thankful to you for your kind love and support, which has fueled this exponential growth.
I am thrilled to inform you that we have been approached by some stellar venture capitalists from India and United States, who have shown a keen interest in participating in our ICO sale. To make sure that we're able to onboard these VCs, we have been advised by our advisory board to extend our ICO Sale Period until 1st of October 2018.
How does this Impact Me?
The Good - To the Moon!
1. The participation of institutional investors in the ICO round brings in immense community trust, which directly impacts the volume of asset traded on exchanges.
2. By extending our ICO period, we would be able to demonstrate our offerings to users, which would give them more confidence to invest in ethx coin.
3. Some of the users had mentioned on our Telegram Group that they do not have passports which is currently required for KYC. By extending the ICO period, we would get more time to introduce secondary identity verification for more countries, which would enable users of these countries to complete their KYC using their national ID card.
4. With more time on our hands, we would be able to on-board small-to-large enterprises on our platform to use Ethx DataBlock, Ethx Ninja and Ethx Sherlock, all of which use ethxcoins as their primary currency.
5. The longer listing period does not have any impact on the dates of coin buy back, we would still be buying back coins(using 25% of our profits) every quarter starting January 2019 until 50% of the coins are bought back and destroyed.
The Not So Good - Back on Earth!
1. As the ICO would remain open till 1st October 2018, the listing of ethxcoin on ethx.co or any other exchange would only be possible post that. Which means the new date for listing of ethxcoin on ethx.co would be 2nd October 2018.
2. We understand that some of our initial investors from Pre-ICO sale might feel a little uneasy with our decision. To ensure that they get the benefit, we have decided to give them an additional 5% ethxcoins.
Which means, if you had invested in ethx before 25th July and you had bought 1000 ethxcoins, you would get 50 more coins for free.
3. We also understand that some of our users might feel iffy with our decision, hence we have decided to give all our existing users an additional 2% coins.
Which means if you have 1000 ethxcoins in your wallet, you would get 20 more coins for free.
4. For the peace of mind of our investors and to ensure that there are no dumps, we have decided to put a vesting period for all coins earned via our referral system and badges. You would only be able to trade these coins on exchanges post 1st November 2018.
For example, let's say you bought 1000 coins during the ethx ICO sale and 500 coins using our referral system and by claiming badges. You would be able to trade 1000 coins on 2nd October and remaining 500 coins on 1st November.
You will still be able to use all your ethxcoins(both purchased during the ICO sale and earned using referral or badges) for Ethx DataBlock, Ethx Ninja, Ethx Sherlock and for paying your trade and transaction fee on ethxco.
The vesting period only impacts the trading of coins on exchanges.
What will be the new Roadmap?
4th August 2018 - First Ethx Datablock Public Application Release(Ethx Sherlock)
10th August 2018 - Cryptocurrency-to-fiat exchange release
12th August 2018 - Mobile App Release
15th August 2018 - Ethx DataBlock Release
15th August 2018 - Ethx Ninja Release
1st October 2018 - ICO Sale Ends
2nd October 2018 - Ethxcoin listed on ethx.co
October 2018 - Ethxcoin listing on at least 5 exchanges
We shall be updating the whitepaper on the website shortly to reflect the above changes. We shall also be adding our new and existing team members on our website and whitepaper shortly.
Once again, thank you for your kind patronage. It is really an honor to have you on ethx.co