Blockshipping General Update — December 13th, 2018
In our previous update, we told you that we are planning to run the ICO no longer than until the end of December 2018, and we can now announce that we have made a decision.
The public Blockshipping ICO will close at the 31.12.2018. We have started the ICO in May 2018 and have received a total amount of USD2.5M in funding, and we believe that it is time to shift our focus and move on. Since then the market has seen some severe downfalls which at some point had some influence on our progress.
We thought that we could mitigate this by extending the ICO but apparently, this wasn’t the case. So as previously stated we decided from January 1st to put all our focus on the development of the Global Shared Container Platform.
In order to achieve a smooth transition from the public ICO, we have partnered with the Berlin-based exchange XTECH. Together with XTECH, we will launch an Initial Exchange Offering (IEO) in January 2019, where the general public will have the last chance to purchase some of the remaining CCC tokens. A more detailed description of how the IEO will work and how you can register on XTECH will be shared with you soon.
After the IEO in January 2019, we will be directly listed on the XTECH exchange where you can start trading your CCC tokens on their platform. In addition to XTECH, we will also be listed on the decentralized exchange IDEX on the 1st of February 2019.
The decision regarding the exchanges was made very thoroughly, and in the future, we will continue to evaluate other options in order to strengthen and support our ecosystem.
Besides the ICO we also want to update you on the other progress we have made around the development of the Global Shared Container Platform:
- This week, the core Blockshipping team will travel to China a second time to intensify the dialogue with local port authorities, investors and other industry stakeholders. The previous talks left us very optimistic, and we are confident that there will be many opportunities in China for Blockshipping in the future.
- We have intensified our dialogue with other potential partners and investors. We are in talks with several potential investors in Denmark, Germany, Japan, Israel, and the UAE.
- We have made important progress with the development of the platform including the specification of the Blockshipping Governance Board and Consortium Model.
Finally, we would like to thank you for your support during the past months. Despite the sometimes difficult market situation, we have always had the feeling that you believed in us and the vision of the Global Shared Container Platform.
We are looking forward to the future, and we can ensure you that we are fighting hard and determined to achieve our goals and develop the Global Shared Container Platform as planned.
All the best,