The CoinMetro Team has decided to extend our Token Sale. Instead of ending on March 23rd, the Token Sale will now conclude on March 31st.
We collectively came to this decision based on a few factors; First and foremost, a lot of people from within the CoinMetro community requested a little more time to contribute. Particularly in light of the recent correction in the crypto market at large, we felt this made sense.
Another factor contributing to the extension is that CoinMetro has been shortlisted to speak at a symposium in Beijing on March 23rd to a group of pre-vetted and interested funds, as well as the fact that we will be in Tokyo for the Slush event on the 27th, 28th, and 29th of March.
While we are all aware that more capital can mean a better chance of success for the company we also must be tuned into the fact that having a network of contacts in Asia, especially in the banking and regulatory space is extremely important. Danny de Gier, one of our Board Members made it clear to us that an extension makes sense even from a pure regulatory perspective:
“I actually suggested and support an extension of the sale. My focus for that is purely regulatory driven, it’s best to have as much funds as possible to be able to succeed covering different regions, which we need as a start-up exchange. Just to put things in perspective, my last project I ran at a German bank had a yearly budget of 150 million, just covering the regulatory aspects. Raising a bit more will mean we can act faster and proceed with the different regulators”
Our commitment to transparency as a company means that we want you to know what’s going on and what’s behind our decisions. So, there you have it! As always, feel free to reach out to us on Telegram or other social media outlets with any questions you may have.