A letter for the better
This week, we had an important meeting with our executive committee to discuss the context and instability of the market. We have been hoping for a return of the bull run until the last minute.
After consulting with our advisors, partners and launchpads with whom we discussed the listing in parallel with the DEX, it seems smarter to postpone our public sale until further notice hoping for a more suitable and flourishing market where people love to invest in new projects.
For many macro-economic reasons (Quantitative Easing, central bank rates, monetary inflation, massive adoption, institutional investment, etc) we absolutely believe that crypto and in particular the metaverse is here to stay. But for now, the market is recharging and contracting. It is therefore better to let this period pass. You can be sure that we base our decisions exclusively on the interests of the project and thereby of all our investors.
We do need to stay in line with current launchpad/dex requirements, and to keep the pace of ongoing development there are changes needed:
Tokenomics
The IDO landscape and more particularly, the way many projects tokenomics have matured in the last years needs an overhaul. Trust has been disrupted by the general public and more strict rules around tokenomics are now required. We will be raising more funds through private rounds with strict vesting schedules rather than public sales. This way we can continue development whilst not being reliant on public market sentiment. Our new tokenomics increase trust, stability and transparency. Something our partners and the public are looking for. To make sure our current investors, who were expecting different tokenomics don’t feel duped, we will find ways to compensate.
NFT sales instead of token sales
We have decided to postpone any public token sale due to market sentiment until further notice. To keep our team and the community engaged and excited about Arcomia, we will organize smaller NFT sales. This way we want to give our first fellows the opportunity to reserve the most awesome NFT items without being forced to wait for our future token sale. The dates for our NFT sales will be announced shortly.
More motivated than ever
Up until this point we have been working on this project for 2+ years now and want the best for its token launch. Nobody wants to see the price of the token decrease just after launch. Our aims and our incentive are the same as before and we keep building no matter what. Arcomia is one of the rarest Metaverse projects with the largest amount of interesting features and potential. You won’t find anything equivalent and we are glad to have you around. Again, we base the above decisions exclusively on the interests of the project and thereby of all our investors.
Development progress
To keep our investors and community involved with development progress, we have started development diaries. Our first development diary is already online and can be seen on our youtube channel. Furthermore sneak previews are constantly being posted in our discord server as well as our social media channels:
Discord: https://discord.gg/Ssts6ZD43G
Youtube: https://www.youtube.com/channel/UC3lmnNE8q-hKtxUaUkx6qOw
Twitter: https://twitter.com/officialarcomia
Thank you for bearing with us. If you have any questions, don’t hesitate to contact our team through discord or mail.
Much love,
Arcomia Team
