Community Update May 7, 2019
INDUSTRY UPDATE
Exciting times in our industry with Bitcoin on the rise. It’s the end of the bear market.
GAME ON! Every flag and indicator has shown that Bitcoin has indeed reached it’s bottom at $3,200.
It’s important to remember that Aeryus was building our project during a bear market and that we survived that bear market. We have all worked hard together to build our community organically and it has paid off! Aeryus is outperforming beyond our expectations.
Along with Bitcoin, Ethereum is also performing well. Why Ethereum was chosen by Aeryus. We will be able to test and scale in the next 3 quarters on upgraded Ethereum Blockchain. Cardano is a blockchain we are looking at.
Lastly there are many big brokerages that are jumping into the crypto space — and that means regulation is coming. We are staying alert and on top of every nuance so that we can determine the regulatory landscape as it evolves. So far we are in great shape as we have made very strong strategic alliances to help us navigate the regulatory landscape.
REGULATIONS & COMPLIANCE
Rules and regulations are starting to take shape in our space. As our legal team remarked we are no longer in the Wild, Wild West, It’s now the Wild West. It is still relatively unregulated, however that is changing. As it does there are many many projects that will not survive as they won’t be able to keep up.
KYC and AML are extremely important as we move into a more regulated landscape.
Our legal team is working towards keeping us compliant in providing a clear and transparent service in the crypto space. We can;t build all of our infrastructure until we see where regulations will be headed. If we release our tools to soon, we could be denied.
EXCHANGE LAUNCH!!
WOW! WOW! WOW!
Launch day was amazing! Thanks to our community, Aeryus had the best showing of any project in the past 6 months at least. Almost all of our tokens are being held. Which tells us that our token holders believe in the project and are holding them because they want to see how things progress.
A big thanks to all of you and to the team for building such an amazing project.
DEVELOPMENT UPDATE
Thoughts, prayers and good wishes for our front end development team in India. Three of our team were in a very serious head-on collision with a bus today. We can say our latest update is that everyone is okay, but pretty beat up for sure. All good thoughts are welcomed at this time.
They have been with us from the start back in Feb 2017 and are never get the shout-outs that they deserve.
Everything that Aeryus ChainPayments™ is working toward is for our users to hold their own private keys. Our users are the ones in control of their digital assets. Ergo our tag line of Be Your Own Bank. You have control over your assets from creating wallets, restoring wallets and maintaining wallets.
We have selected a 3rd party partner that will be handling our KYC and AML. Once our agreements and contracts are signed we will make that announcement.
In Q3 expect the announcement that we support VeChain and soon after Raven Coin. Talks are in the works and our fingers are on the pulse.
Aeryus is staying blockchain agnostic and making very smart choices with our alliances and partnerships as we believe this will keep Aeryus strong.
Still waiting on Apple approval for the ChainPayments app. After which it goes to legal prior to our actual public release to make certain we are not prohibited from accepting any licenses.
Our next exchange will be coming in 30–45 days. We will hopefully have an update for you after Blockchain Week in NY. Hector, Nic and Alan will all be there next week.
Nic will be speaking at Publicize Blockchain https://publicizeblockchain.com/ and ADI Crypto Mining Conference https://adi-mining.eventbrite.ca. Both on Tuesday the 13th. More on those will be posted.
Next week’s community chat may be tabled due to Nic’s speaking engagements. We will update you on this.
For more information contact info@aeryus.com or follow us on: Facebook | Discord | Telegram | Twitter | Linked In | Instagram
