Lobstex (LOBS) Week 1 Wrap-up

Firstly, congratulations to those who have joined and best wishes to them who didn’t. It was quite a hectic ride in last 4 days, since our launch and to be honest it’s just an iota of effort put in.

Launch Date : May 02, 2018
Blocks Mined (till writing this piece): 5405

Any Issue in chain: No

Website — Functional

Discord — Functional

Twitter — Functional

Ann — Functional

Reddit — Functional

Explorer — Functional

Achievements:

1. Listing on Graviex Exchange
2. 5 offcial pools launched — 3 mining
3. Listing on Masternodes.pro
3. Listing on neonodes.io
4. Listing on Delta App
5. Shooting mails to Top 150 Exchanges for listing
6. Paid listing fees for a Bigger Exchange (details will be shared soon) 7. Appointed Discord Moderator and marketeer
8. 60 Discord members

No complaints…huhh?

Shortcomings

1. Most of the Exchanges demand Whitepaper for listing — we have an outline but we will shape it in this month

2. Huge fees for listing — showing excerpts from few exchanges, won’t name them

- Our charge is 8 BTC fee And $ 50000 worth of tokens -

we need you to pay 5 BTC or 100 ETH for listing and some LOBSTEX as imprest

There is a 4 BTC fee for new coin additions to the BTC base

market.There is an additional 1 BTC for each optional additional base market listing, for example COIN/ETH market.

-

- One exchange asked for $ 40000

- Now the irony, we wrote back to them, we are not ICO, nor any presale took place, thus consider us for a lower fee. However, we are hopeful everyone starts small that is how you respect what you do, we will be noticed shortly.

Thus, as a team we decided to have a budget system after a month to tackle huge fees of exchanges. The premine will only be used for development in payment to developers.

3. The other aspect which came to fore, lack of Trust or Faith in Lobstex, that is why huge seelling and walls are being created, rest assured it is better to leave now if you are not interested, as we only wants serious and committed community who should we cater to.

4. Lack of activities on social channels. No posts on Twitter, Ann, reddit or telegram. Mind you while listing on bigger exchanges they see how strong the community is, as we have seen and being asked.

I believe in 4 days we have achieved something. However, we wish to see more healthy discussions and community participation.

To everyone, please be patient, you didn’t start running after 4 days of birth.

Forthcoming:

1. Beta Whitepaper by last week of May
2. Bigger Exchange (one out of 2, which was decided on opinion-poll) 3. Bounties for Youtube videos, social marketing

Wish you a happy weekend. Stay blessed.