The Focus Begins: Successful ICO & the Next Steps
After a very successful ICO, our CEO has written this article, if you wish to follow Ethan Clime you can do so by clicking here.
Yesterday was a crazy day indeed. From the morning, with a flood of new community members we were warped into excitement that building our vision is now in reach. But it got right back to business with “Ok, must be smart, sharp, accurate and choose what’s right.”
Yesterday we achieved our goal to raise a minimum market cap and gave ourselves a good buffer to protect from a future ETH correction. In total, together with presale and ICO we have raised 2044 ETH (with a market cap of around 2 million USD). To both our amazing pre-ICO investors who have been with us since August, and more importantly those who became the first active users on our platform, we cannot thank you enough. For those who are newbies, we welcome you.
Let us give you a break down of the next steps:
- We have just held a gathering of minds to discuss smart contract monetary policy and distribution support, including the approach to handle people trying to sell tokens on EtherDelta. For those who don’t know, our current token will be replaced with a new smart contract, making current tokens obsolete. As a reminder, please don’t buy any YUP on EtherDelta, as they will become worthless if you didn’t get them directly through the ICO.
- Starting next week we will begin placing the tasks on the topic of the monetary policy (token rules). The coding is easy, the challenge is solidifying the logic that will make the system thrive. From all your feedback, we will in due time establish the best smart contract, scheduled to be complete at the end of January. Our new token will be traded on exchanges in February, so far we have secured to trade on CoinHub.io. Also, we are reaching out to more platforms and negotiating with HitBTC and Kucoin.
- In addition, we expect to complete API connections to the Ethereum network this month with our app. This will allow users and startups to transfer tokens into our think tank system to gather important R&D information from the Wisdom of the Crowd phenomenon.
We are striving to achieve an open innovation platform where we become the think tanks of the future, that will support the speed of business at new moral and functional heights. For when you can put thousands of minds together society improves. We at Crowdholding want to bring this concept to all people, no matter what country or background you are from. We are striving to embrace organised decentralization. This must be the way and should always be the way.
Also you can keep up to date with what is happening at Crowdholding by following us on Facebook, or drop in for a chat on telegram.
