A Lighthouse at the Perfect Storm

Karma Project
KarmaRed
Published in
2 min readMar 2, 2018
Vilhelm Melbye. Shipping off the Eddystone Lighthouse

Dear friends,

Crypto ocean having some stormy weather these days. Exchanges blocking withdrawals, SegWit canceled, Crypto Kitties ate Ethereum and much more. We need to stay calm during the storm, listen to community and keep working.

During last 2 weeks we have a lot of environmental external issues:

1. At the end of November most Korean exchanges have been blocked all withdraw, thats why lots of people were unable to participate for 2–3 days. Also we’ve had such situation in December 7–8.

2. Ethereum network was blocked by Crypto Kittens for several days. That’s why ETH participation in our token sale was also blocked.

Source: https://etherscan.io/chart/tx

3. OpenLedger had issues with BTC, LTC, ETH payment gateways for 2–3 days in December. That’s why people were unable to participate in token sale. Plus, KRMP-KRM token swap was unavailable for several days.

We still have many people (including big communities) who want to participate in Karma token sale. Plus, some people haven’t yet exchanged their KRMP tokens due to the network issues.

So, we’ve decided to extend our token sale until 23:59 of December 22 Korean timezone.

Thank you very much for the understanding.
Yours, Karma team.

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