Announcements — Mar.16 2021
Thank you for your support of the Crypt Harbor Project.
This time, we would like to announce the following contents.
1. About the closure of the centralized exchange
2. About the decision of the new protocol name
3. About the new token exchange ratio and method from CHERY and PCHERY
4. About the future marketing→OPEN protocol
5. About the firms handling CBD and issuing stabling certificates
1. About the closure of centralized exchange
The centralized exchange is currently not available for login. We are taking this action to prevent any changes in the balance after today. Please be assured that the DB is being managed safely here.
We apologize for any inconvenience this may cause, and thank you for your understanding. We are also closing the centralized exchange as of today. We will be moving to a new protocol from now on.
2. Decision on the name of the new protocol
The name of the new protocol has been decided as “ARES”. The name has been decided from Algo & Real Stable. Please check the DOC of the protocol below. https://ares-protocol.com/doc/tokens/
3. New token exchange ratio and method from those with imprisoned funds, CHERY and PCHERY
We will be changing the exchange method drastically.
We will be exchanging 1 sARES for every 600 CHERY and PCHERY.
For those who are fund imprisoned, the exchange ratio will be 1 sARES per $1500.
The presale price will be $1500.
The reason for this is that, due to the design of the protocol, it was planned to distribute CHERY in installments over two years to avoid bankruptcy. However, we have decided to distribute share tokens, which are the centerpiece of the seigniorage protocol, so that people can feel the reward immediately and also expect the price to increase.
We ask for your understanding in this matter.
The total number of sARES to be issued is planned to be 5,000. Exchange requests will be accepted starting in 4 hours.
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4. Future Marketing -> Protocol OPEN
March 20: Telegram and Twitter opened.
March 25: Marketing by professional marketers begins March 30: GIVE WAY campaign begins April 5: Presale announcement begins April 15: Presale & protocol OPEN & refund applications begin April 17: Deadline for refund applications, boardroom & BOND room open April 18: Partner CBD farms open to the public May 1: Real stabling begins
5. CBD farms and stabling certificates issued
In addition to Justin’s farm, we are currently in discussions with a trading company that deals with several CBD farms for partnership. We will be able to offer not only CBD isolates, but also Broad Spectrum and other commercialized products. We are currently discussing the stabling process, but we are working on a system that will allow us to certify only the number of ARES issued.
We are negotiating carefully, so we hope you will wait a little longer. In addition, we will continue to negotiate with CBD farms around the world in this way and make every effort to get more products stabled. Thank you for your continued support.
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