March is here and we’re excited to maintain our momentum into the tail end of Q1. We’ve been continually expanding our key partnerships behind the scenes and our development team has been working on the platform at maximum capacity.
As mentioned in our previous update, we are partnering with McCarter & English to ensure we conduct our token sales in a lawful manner. We are confident in the value this partnership brings as the firm has had extensive experience working with energy regulations and successful ICOs.
We’ve also had a large portion of our community inquire about whether or not US residents can participate in the pre-sale. In light of this demand, and based on the latest SEC developments plus advice from our counsel, we’ve decided to take the time to conduct a comprehensive legal review of our project. We want to ensure regulatory compliance to set the strongest foundation possible for our shared vision, which takes time and due diligence that we cannot afford to dismiss.
Pre-Sale Date has Changed
We are setting a new tentative date for the pre-sale to after the legal review is completed. Although we don’t have a date to share with you at the moment, all the KYC submissions, which are currently valued at $8M — $12M, will remain valid and will be honoured in the pre-sale.
We’re humbled by the support our community has expressed and we’re going to continue releasing updates on an ongoing basis.
If you have any questions or concerns about the change of the pre-sale date, we encourage you to engage us in our Telegram group or contact us through contact@xiwatt.io.
Stay tuned for some exciting updates next week!
