Safein tokensale updates

Dear Safein Community,

We have been awaiting our token sale with great enthusiasm and have put tremendous effort into making sure we are prepared to the best of our ability for the token sale and all the exciting things that will follow. Our team has had a fantastic experience bringing Safein from the ground up in less than a year, and we were looking towards our ICO as the culmination of the first stage of our journey towards better online commerce. As such, this announcement comes with a certain regret, but at the same time, with great confidence.

We have reached the decision to postpone Safein token sale for a tentative period of two months hence we are canceling the Pre-ICO that was scheduled for April 3rd

It is of utmost pity that we have to make this announcement just two days before our scheduled Pre-ICO launch, yet we strongly feel to be making the right move. Two months in the world of cryptocurrencies is a long time, and this time can make or break a new project in this fast-paced environment. We are confident, however, in the long run, this period will prove to have been a crucial part of our success.

A major reason for our decision to postpone is the uncertainty prevailing in the cryptocurrency markets that have taken a significant downturn since November. We honestly feel the current market conditions may have a detrimental impact on our token sale, or any other blockchain project coming out at this time, for that matter. Conducting the sale and releasing SFN tokens into the market at this stage would carry significant risks, as have been demonstrated by a number of new projects, which have plummeted in value to unexpected lows, and have lost support and confidence of their supporters.

An even more important realization that made up our minds to postpone the sale, however, followed lengthy discussions with our vast team of strategic advisors as well as new external partners. It is evident that to succeed in the maturing blockchain industry, a vast community might not be enough, and strategic partners are not just an added value, but a necessity. We are very optimistic about some recent connections we have made, and we will be pursuing a number of exciting opportunities in the weeks to come. Although we are unable to share further details at this moment, we shall make announcements as appropriate in due course.

For the pace and scale of growth we envision, a solid foundation must be laid, and the two months to come will be priceless for building this foundation. During this time, we are aiming to vastly extend our MVP into a functioning product, secure a range of essential strategic partnerships, and to grow our community of supporters, which will be essential to the success of Safein in the very near future.

Safein team is thankful for your ongoing support, and we encourage you to follow our announcements in the coming few weeks. We can guarantee the wait will be worthwhile.

To all of our community members, we wish a pleasant time during the Easter holiday with your family and friends.

With kindest regards,
Vladas Jurkevicius
CEO @ Safein