Storeplex Closure Announcement
Since we made the decision to postpone our ICO in August, the cryptocurrency market has changed dramatically. We initially made the decision as we felt that the market conditions at the time were not right for us to conduct our ICO to raise the funds needed to fulfill the project. In recent weeks it has become clear that the situation will not be improving anytime soon. Not only that, investor confidence is also at an all-year low and has resulted in the majority of ICOs struggling to raise funds.
After careful consideration, we have made the unfortunate decision not to proceed with the project any further. We are not in a position to continue development in its current state without funding or greater interest in our product.
As a result, we will be issuing a refund to all participants who contributed Ether during our initial pre-sale. Ether will be returned to the wallet address that originally sent Ether to our ICO smart-contract. These refunds will be processed in the coming days.
We would like to thank everyone who has supported the project and believed in us enough to contribute to our pre-sale back in June. This was not a decision that was taken lightly but due to the current circumstances in the market and a lack of interest overall in both the Storeplex Marketplace and our ICO, we feel that it is right for all parties to move on.