On Pause. Leveraging The Market Stagnation, VogoV Re-Evaluation and $500,000

“It was the age of freedom it was the age of foolishness. This is what pops up in my mind while thinking of what has been happening in the token sale market for the last 2 years,” said Markus Dupree, Co-Founder and Director of VogoV.

Ethereum has dropped back to its price of August 2017. There were tons of token sale projects that came out of thin air and then disappeared immediately after fundraising. All of it affected the faith of people supporting projects launching token sales.

“Unfortunately, the ICO space became perceived as being filled with scams and risky projects. It is like a minefield full of scams,” added Markus.

It has been two months since the VogoV token sale was announced. The concept of a decentralized interactive porn studio was born in January, but the token sale was publicly launched in the period of Fear, Uncertainty and Doubt on the token sale market.

During the pre-crowdsale, we found that the traditional token sale structure and its orientation didn’t quite suit the audience of porn fans. We decided to revise the token sale in order to let all of our porn fans participate in the most convenient way for them. While the token sale market is experiencing stagnation, porn fans are still conducting business as usual, and are open to buying OGO coin.

We researched how to help our porn fan audience take part in the token sale and learned that 90% porn fans simply wanted to use fiat currency to purchase OGO Coin. Our audience of porn fans is willing to buy OGO coin with a credit/debit card straight away when they visit the website. This encourages us to hold the token sale without a smart contract as the only single way of participation in our public token sale. We will now accept USD, EUR, BTC, LTC and other currencies with which one wants to pay. The lesson has been learned.

Taking into account the current market situation, we decided to put our public token sale on pause in oder to generate a demand around the token for both the public token sale and post-token-sale period.

Current Token Sale Status

1. The public token sale is on pause until we reach the critical mass of porn fans in the audience.
2. The pre-crowdsale has been stopped and postponed for September — October. The exact date will be announced.
3. VogoV acquired a private investment in the sum of $500,000. According to the agreement with the investor, VogoV will get access to the funds after a public release of the OgoShift Merchant payment system.

New Priorities

1. Community development in order to reach a critical mass interested in utility use of the token.
2. Payment system, OgoShift Merchant, software and business development.
3. Private investor relations development.
4. VogoV production enhancement.

New Orientation

We have decided to aim at building the community of porn fans rather than looking for the response of the cryptocurrency market. Our token brings the value that millions of porn fans have been looking forward to for so long. The audience of porn fans is much bigger than the cryptocurrency community and naturally intersects with it. That is why we will put our main marketing efforts towards the audience of porn fans. In this way we will be able to reach the critical mass that will ensure the demand of our token both during the public token sale and after it when the token is listed on an exchange. At the same time we will pay closer attention to working with private contributors. The roadshow is planned.

Project Update

1. VogoV is launching AirDrop when everyone will be able to receive an OGO coin free of charge just for doing several easy actions such as participation in the voting on the content to be produced by VogoV.
2. Exchange listing is planned for March 2019. In case the public token sale happens earlier, the token will be tradable within a month after the public token sale’s end.
3. The first crowdsale round will merge with the second crowdsale round. It means that now VogoV will have 2 instead of 3 public token sales: pre-crowdsale and crowdsale. Unsold tokens will be burned.
4. The roadmap will be adjusted to the new priorities of the VogoV token sale.
5. The website, White Paper and other materials will have been updated by September 5.
6. The bounty program will end on October 10. The bounties will be distributed within 2 weeks after the program’s end.
7. The amount of OGO coin allocated to the private sale will be extended. The amount of OGO coin allocated to the token sale remains, 76%.

What we know is that our token will be live even if the cryptocurrency market is dead.

To learn more about us and our project, please visit www.VogoV.io and read our White Paper.

We would also be happy to address any questions in our Telegram group and at Markus@vogov.io.