GokuMarket Updates, Moving a Step Forward
Dear GokuMarket Community,
We extend our sincere apologies for the inconvenience caused to the users owing to the recent issues with the platform. In spite of all the negativity in the crypto industry with giants falling apart, GokuMarket did not give up on protecting the users interest and as a matter of fact always worked towards finding a solution that works best for the community. Accordingly, to comply with our business philosophy, we inform the Users that GokuMarket is working with its team of experts and advisors to resolve the issue at hand at the earliest.
At present, we are pleased to inform the users that an in principle partnership has been confirmed for consolidation of GokuMarket’s business operation and its assets through a retructuring as per law. We decided to seek an affiliation because we believe that a stronger partnership will allow us to provide a wider array of services and provide more stability to our users. From this point on, upon crystallisation of the partnership, we will proceed with our next steps to safeguard our users which also includes proposing a structured repayment plan for the users.
Further, please be informed that GokuMarket’s CEO,(served Dec 2019 till Dec 2020, later due to COVID no new CEO could be recruited and legal directors were acting CEO), COO, CMO, CRO, CPO and VPs have been absolved of their duties and responsibilities with effect from 31st, March 2022 and are no longer part of GokuMarket’s internal team. Therefore, any comments made by them, individually or collectively, will not be official and cannot be considered to have been made on behalf of GokuMarket as they no longer represent GokuMarket. Further, take note that as of now private stakeholders, financial advisors & legal partners are resolving the matter of consolidation by reconstituting a handover to the new management.
Moving forward, upon confirmation of the partnership and technical handover is complete, the following steps will be proposed to the GokuMarket Community;
All users could immediately withdraw assets mentioned in “Annexure I” without any limitations.
Users who did not participate in pre-launch products, will receive a fixed time bound repayment agreement where they will receive their assets (refer: Annexure II) in the same form and manner as enumerated under the Repayment plan in their account.
Users who participated in pre launch products, we are still working with financial advisors, legal firms and partners to prepare a beneficial solution. There are challenges with Coinaxium partnership, if things do not resolve for the community, we may cancel the relationship and work towards resolving the same.
During this process all operations on GokuMarket, for an interim period, will be paused including but limited to deposits, withdrawals, trade and any other form of transactions of similar nature or otherwise.
Next update and details of the repayment plan and partnership will be announced on or before 31st July, 2022. Although we know that this is stressful for everyone, we request all to be optimistic and not spread negativity as it will aggravate the issues and may adversely affect partnerships which eventually will impact to resolve matters in everyone’s interest.
We believe that community deserves transparency and aim at providing details about cause of issues after transition is completed. Thank you for acknowledging the situation and your support.
Thanks again to the GokuMarket community for making this transaction seamless for all.
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Annexure I: Immediately withdrawable for all users after transfer.
Annexure II: To be included in repayment plan for non-prelaunch users after transfer.