We want to keep everybody in the loop about what’s happening with BlockCAT, and it’s important we do this right.
If we update too often, we run the risk of over promising, as when plans change we have to go back on our previous word. Let’s say we announced a partnership with another company too early, and that deal falls through, we’ll cause lots of disappointment.
If we update too rarely, then people will lose interest in our platform and worry that nothing is getting done.
It’s all about finding the middle ground, and one possible solution here is a scheduled update. Once a week, we release a blog post to detail what our team has been doing that week. This way, people always know updates are coming, and they’ll be regular.
Sometimes news might be vague, such as “We’re talking about possible partnerships”. Other times they’ll be specific, such as “We hired a new solidity developer.
So with this in mind, I’d like to give you the rundown of this week at BlockCAT, as the first of an experimental weekly community update. I’m marking this experimental because we may decide on a new update system in the future.
New office
We’re extremely close in finalizing a lease for a new office space. The paperwork is in our lawyer’s hands and pending everything being given the green light we’ll be moving into our new office September 1st. This space will allow us to make 5–10 additional hires towards making BlockCAT a reality.
We’re hiring
Everyone in the company to date are founders/shareholders, but now we’re hiring employee’s we’ve had to start from the ground up creating employment contracts and setting up payrolls. We’ve already been interviewing potential candidates. We’ll discuss these in more detail when everything is official and we can formally welcome new team members. Right now, we’re only hiring locally.
Accounting
Receiving $7 million USD in cryptocurrency from anonymous people all around the world from selling a cryptographic token which now has a marketcap of over $20 million USD, is quite a headache when it comes to taxes. We’ve had to work very closely with our accountant to make sure everything we do is accurately reported and managed properly.
Exchanges
We’ve made a few statements already, but I’ll cover this topic again here. We unfortunately cannot discuss any arrangements or possible future arrangements with exchanges regarding the listing of our token. We have been strongly advised to wait until possible arrangements have been completed, as discussing them publicly could negatively impact our ability to partner with exchanges. We ask the community remains patient during this process, and we assure you that improving the liquidity of our CAT token is a high priority for our team.
Community manager
One of the roles we’re hiring for is a community manager. About 50% of our time is currently taken up responding to emails, offering support for using CAT with various wallet services, answering questions in our discord, managing our social media, etc. As a result we’ve been working 12 hour days, 7 days a week, just to keep up with all of this. We’re also aware we’ve been less responsive this week as we’ve been heads deep in all the legal & admin work described above. Our community is really important to us and we want to make sure we can continue to deliver the same quality of communication and transparency moving forward, as the company founders become more busy with daily operations. This position is also a local hire only.
Discord
Our live chat has been running at 100mph all week. Which is really exciting! Though it’s become very difficult to filter out questions people are directly asking the team, or to make announcements that everybody will see. As a result we’ve created two new channels on discord, #announcements and #ask-the-team. We encourage you to check them out to stay updated or speak to us directly.
