Community update #1 (weeks 46–47)

Dima Rusakov
Nov 26, 2017 · 3 min read

We promised to publish our next update in two days (28 Nov), but we’ve decided to publish it today

This is important to note as PRIX is not an investment, instead — it is a utility token meant to be used within the ecosystem. The Privatix Team will not comment or discuss this topics.

We understand that although the majority of our token holders are holding their tokens for the long term, a number of others are eager to sell their tokens as soon as they can, and they are bombarding us with exchange requests. Please stop sending “when exchanges” questions to me and our team on private messages. We have already stated that the listing would be within 2–4 weeks after the token sale. Just follow our news channels.

We want to be listed on the biggest exchanges, and we have done everything we possibly can to make this happen. We have clear legal opinion and our token is an ERC20 compatible utility token. Technically and legally, the listing needs to be fast, and the ball is currently in the exchanges’ side.

Today’s situation is that most large volume exchanges are flooded with requests to list new coins. Despite the fact that we have carried out all the legal work, and have an ERC20 token that would take 10 minutes to list, some exchanges demand unbelievably high “listing fees” that we simply can’t afford.

For example : **XYZ** exchange demanded that we pay 45 BTC. As you probably understand, we will not tolerate these kinds of crazy demands and will not spend the raised funds on this. Moreover, I think this kind of behavior does serious harm to the industry, and I will write a separate blogpost about the craziness of this issue.

We are in the process of reviewing our coin listing application on other exchanges ( ***the list of future exchanges can’t be published because it can harm the listings). We are already listed on Etherdelta and Mercatox. In any event, the coin liquidity will be good enough, so there’s no cause for concern.

The Privatix team will not comment on PRIX prices in chats and will not answer questions about them. Our team won’t tolerate rude and offensive language in chats, as well as — price manipulation attempts. Everyone needs to have mutual respect for the team and chat members.

As previously published, we have asked every member of this small group of bounty participants to claim their tokens before 23 November 2017, 16:00 UTC.

All claims has been checked and all PRIX transferred. You will find the full report here. All unused bounty pool tokens will be kept within the Privatix team and joined to the future and the current team token pool.

No more bounty demands will be accepted. We clearly stated on this blogpost that you need to fill out the form in order to make a claim. If you don’t follow the news on the project and don’t read the most important Token Sale results post, you can’t really be a genuine community member.

If you have any complaints or claims, or any other issue with the bounty, the only channel of communication on the issue is via email . Not all emails will be answered. Using any other means of communication for bounty-related issues is forbidden.

According to the roadmap, the Privatix team has already started preparing the company for future development, and closing the administrative, legal, and HR issues as soon as possible.

As usual, we will be issuing updates once every 2 weeks on Tuesdays. The next update will be published on 12 December 2017. Other news will be published immediately.


Official Blog :: Privatix Network

Dima Rusakov

Written by

CEO at Privatix Network



Official Blog :: Privatix Network