The Libellum Pre-Sale & Token Sale Is Suspended.

Today is a very sad day for us as we are announcing the cancellation of our project -Libellum.

We had a discussion with our private investors and we came to the conclusion to not pursue the Libellum project as a cryptocurrency project. We might develop the Libellum project as a private blockchain for enterprises without the need for our own token. Due to the market conditions, we don’t want to subject our investors to risks outside of our control.

For these reasons, the team, together with our legal teams in Europe and Hong Kong, have decided to not conduct an ICO and list the LIB token on the market.

You can see the current amount raised here: https://etherscan.io/address/0x6fcc9a4e26fa438f7ecbee56c92aa16c84343109

Do not send any funds to the contract address! While the address is still open, we are not accepting any funds.

It is rather disappointing given that our project has a real life use case and actual partners behind it. Our team have personally invested a lot of money and resources to build a team, pay developers and salaries, smart contract audit, travel and meeting with partners etc.

But as a company, we need to draw a line given the current situation. We are still pursuing the project without an ICO or token sale in the background but at this point we are closing our ICO.

We also want to avoid having investors who we later have to refund or loose their hard earned money.

We believe in the value of our project but we simply do not wish to create a token in the current market scenario.

A big thank you to all our followers and people who made it come this far.

The Libellum Team