Discontinuation of Silverway project

Dear community,

We have been deeply involved in OTC crypto markets since 2018, developing the Silverway platform, but now have to announce we are closing the project.

Unfortunately, we were unable to find a product-market fit under the current climate of regulatory uncertainty and, due to the ongoing corona crisis, our target-market niche shrunk significantly, making the core business model unsustainable.

Our work has been no small feat:

• We have collected, processed, and structured information covering the whole OTC landscape for altcoins since 2018, and our product is still unique in its class
• We uncovered 30k data points in 400+ projects
• We reached out to more than 1,000 institutional market participants and large retail investors
• We made 200+ calls and meeting with funds, exchanges, brokers, analytics platforms
• We developed an extended version of the platform

However, the market focus has shifted to other, quickly-growing areas such as DeFi, derivatives, and infrastructure for institutions.

Let us express our gratitude to the whole community, clients and everyone who helped us to build the platform.

SLV trading will be stopped and the Silverway token will be delisted following negotiation with exchanges.

You can find our reports in social media and on the website.

Sincerely,

The Silverway team