ICO Cancelled

After a long meeting within the team with concerns and worries, we’ve decided to stop the crowdsale(ICO) planned to begin August 20th. We’re sorry to deliver such disappointing news.

The team has gathered to develop DApps in South Korea. Without sufficient considerations and preparation in advance, we’ve been attracted to develop a slot machine platform as a major concept of the project since it seemed to fit well to the properties given by a DApp. Because online gamble is strictly prohibited in the country, anonymity was a major necessity and thus the platform needed to be autonomous.

Along the progress of the project, we’ve believed that doing the crowdsale(ICO) is a part of validating the product, so we planned and progressed with the ICO in mind. However, we were not prepared with such detailed long term plan for the project and its use of the funds raised that investors could be satisfied and agree with. While designing and developing the structure of the platform, there seemed to be lots of difficulties and obstacles to make it fully autonomous, which made it much burdensome to stay anonymous. At current stage, we lack the confidence that the project can be a success, and enforcing the crowdsale in such conditions is an irresponsible decision. For this reason, we are retracting the crowdsale(ICO) for the project.

The team has learned much understandings and lessons from the project, developing a DApp based on Ethereum, preparing and progressing an ICO, and communicating with the community. With such valuable experience, we’re planning a whole different DApp project, and that project will be conducted with sufficient preparations, without anonymity.

All of our source codes for the SlotNSlot platform are accessible on our Github, and for the time being we will run the recently announced Beta version on the Rinkeby testnet. If you have any inquiries about the codes or the project, we will happily answer to you. Please contact us via Email: team@slotnslot.com

We are truly thankful and honored with so much feedbacks, encouragements, and supports from the community. We were really happy when people came to our private communication channels to give us suggestions on the project. The team is feeling responsible for not being able to finish the project as planned, and will be preparing the next project with much diligence.

SlotNSlot Team