XERA EXCHANGE — NEWS
The ICO has finished — A Mixed Bag
Like most others recently, our ICO did not raise what we had hoped for. In fact, due to the terrible bear market at the start of our ICO launch, most investors had already packed their bags and left the Crypto scene, or continued ‘Hodling’ it out and waiting for the much wanted Bull Run. However, we are starting distribution and those who did take part are getting their tokens.
Although the ICO did not attract many investors, we did activate some token swaps and other independent investments during the ICO which enabled us to reach the ‘virtual’ soft cap figure. Many people were interested enough to register but sadly very few went on to actually purchased tokens. The bottom line is that we only raised a disappointing 30 ETH and even this has since dropped in value.
So what next?
Despite the ICO not reaching the required amount, we will be continuing regardless by self-funding our MVP. Developers have been working behind the scenes to produce a limited and almost working XERA Exchange trading platform.
We are also planning a crowd funding incentive to enable us to continue the development and allow a full release of the XERA Exchange.
More news about this will follow later on our Social Media pages.
The Bounty campaign
Due to issues beyond our control, the Bounty Campaign completely stalled. However, those who participated are now getting their bounty rewards. For more details and advice about this please go to our XERA Telegram Group.
Finally, we truly value our community and want to serve our future traders with the delivery of a top class quality exchange withh all the trading facilities as we have set out in our White Paper. To achieve this, we will be self funding as well as continuing to find ways to externally fund the development of the XERA Exchange. As always, Watch this space!
Official Website: https://xera.tech