NinjaPad Announcement
Hello Ninjas!
In keeping with the current market situation, we have an announcement for our Ninjas— investors, project owners, and the entire Ninja community. We believe it is very important to keep our community updated and informed regarding the latest developments. Hence, please read through the following.
The Crypto Market Situation
Numerous macroeconomic factors have led to a downward trend in the crypto market over the past few weeks. So much so that the social sentiment of Bitcoin (BTC) crashed to its lowest point since October 2020. This crypto volatility is likely to continue as the market reckons with the news of the ongoing conflict.
Recent global developments could further increase the Bitcoin hash rate, and this fear is expected to keep the crypto market on its toes. Even though the overall market might begin showing slight improvements soon, the market sentiment is likely to remain bearish, at least for a while.
In addition to the current factors, several other macroeconomic events have been impacting the crypto market over the last two months. First, the Omicron variant scare led to a crash in the crypto market, and then the US Federal Reserve’s announcement of balance sheet tightening took the market in a downwards spiral. This was followed by a sharp correction in technology stocks, which also impacted crypto prices.
NinjaPad Announcement
With this market situation, many in the crypto investor community are offloading their risky digital assets to protect their portfolios against further price drops. To add to the problem, investors are also unwilling to spend in this bear market. Subsequently, at this point, if we launch Ninjapad, it might not achieve its full Ninja potential, and might not benefit our growing community as we had initially intended. Therefore, in keeping with our community’s best interests, we have decided to postpone the launch of NinjaPad for now.
We want our community to get the most out of the situation. And given the market sentiment, it makes sense to postpone the launch, so our community can have a higher probability of success when we do launch (don’t worry, it won’t be a long hiatus!).
Our Plans for Now
While the market situation clears up, we will continue to work at the backend to further enhance our tech, operations, and business development efforts. This will help us make the launch of NinjaPad even bigger and better in just a few short months! Our team will stay on and keep the ball rolling to make NinjaPad a massive success as a truly community-driven IDO launchpad!
NinjaPad Giveaway Winners: We have emailed you personally with the next steps. Please be on the lookout for further communication.
Stay tuned, Ninjas 😊
