RepuX token sale summary and future plans

During the token sale we accumulated USD:
5 306 997

Total amount of REPUX sold:
63 111 809,24

These numbers are accurate with the following assumptions:

• For pre-sale the ETH/USD and BTC/USD ratios was taken for the moment of transaction
• For token sale they were frozen at the day of the token sale start at 741 ETH/USD and 11141 BTC/USD

This is above the 4.7 million stated within the website as we had a wire initiated and come in shortly after the pre-sale.

We have made the decision to convert cryptocurrencies into fiat only when needed (salaries, bills, promotions) unless the rate is very optimal, we want to secure the financial positioning of the project.

During our token sale, we experienced the biggest drop in the cryptocurrencies for a long time resulting in a less than expected outcome. We were faced with two possible solutions:

• Freezing the ICO
• Not burning the tokens

Some ICOs decided for the first solution but not knowing how much the drop can last we took a hard decision of keeping the tokens.

So what happens next? Unsold tokens will be locked up for a year.
Release will be done in a very slow manner with lock up periods in place when the year is up to cover the development expenses.

Right after the token sale finished, we have started to look at our product and recalculate our agenda based on the token sale results. Below is the updated roadmap.

During the sale the main goal of the demo platform we provided was to promote the idea to as much people as possible so this version of the product was in many points centralised — requiring no metamask / blockchain knowledge form the users. Now we’ll focusing on replacing these modules with the decentralised ones.

Also, as you might have read in our emails during the token sale, we have been working on the Shopify and Amazon plugins and they were added to the MVP in order to give you a grasp of idea of how data can be pulled from the SAAS popular services. We’ll be making them public soon so the community developers can use them as a reference while creating their own ones.

Finally, during last two weeks we have been extensively looking at the issue of security in the decentralised world. After successful completion of the token sale, we delved into this issue, however this will be the topic of our next post, so stay tuned.

Marcin, RepuX COO