When should we introduce FOUND coin to the stock exchange?
More than half a year ago, the ccFound investor community voted to change the token of FOUND coin (FC) and delay its introduction to exchanges.
All this to increase our chances of recapitalizing the project (gaining more investors), and to level the playing field between investors of earlier and later rounds (we reduced the differences between FC prices in these rounds).
As a result, the FC smart contract was paused. FCs are currently only reflected on ccFound.com - not available on an external blockchain - and are frozen.
The consequence of this vote was also the creation of a FOUND voucher (FV), which is equal to one US dollar (1 FV = 1 USD). It was necessary to create an internal currency for payments on the ccFound platform, since FCs are frozen.
Unfortunately, we have not gained any more investors so far. Venture Capitals to whom we addressed the offer are either in a loss now (crypto VC lost a lot of money on the bear market and on the collapse of FTX) or they are waiting for the deepening of the recession in the wider financial markets (mainly the USA).
However, since the implementation of the above plans, not a week goes by without someone asking on the project's Telegram or on the ccFound platform itself: "when will the token go public?". Every week or every few days we answer the same thing, and we also face hate from individual investors.
At the time of writing this, we are in a bear market in the cryptocurrency market, so entering an exchange (even DEX - decentralized like Pancakeswap) now does not seem like a good idea. In order for a project to grow in value after listing, hype is needed, and we don't have that right now, nor even have a chance to generate it.
But this is just my opinion. What is your opinion? How should we play this dilemma in relation to market sentiment and investor expectations?
Sources - message with voting results:
EN - https://voting.ccfound.com/
EN - https://voting.ccfound.com/en
Telegram chat PL: https://t.me/ccfoundpolskachat
Telegram chat EN: https://t.me/ccfchat
More than half a year ago, the ccFound investor community voted to change the token of FOUND coin (FC) and delay its introduction to exchanges.
All this to increase our chances of recapitalizing the project (gaining more investors), and to level the playing field between investors of earlier and later rounds (we reduced the differences between FC prices in these rounds).
As a result, the FC smart contract was paused. FCs are currently only reflected on ccFound.com - not available on an external blockchain - and are frozen.
The consequence of this vote was also the creation of a FOUND voucher (FV), which is equal to one US dollar (1 FV = 1 USD). It was necessary to create an internal currency for payments on the ccFound platform, since FCs are frozen.
Unfortunately, we have not gained any more investors so far. Venture Capitals to whom we addressed the offer are either in a loss now (crypto VC lost a lot of money on the bear market and on the collapse of FTX) or they are waiting for the deepening of the recession in the wider financial markets (mainly the USA).
However, since the implementation of the above plans, not a week goes by without someone asking on the project's Telegram or on the ccFound platform itself: "when will the token go public?". Every week or every few days we answer the same thing, and we also face hate from individual investors.
At the time of writing this, we are in a bear market in the cryptocurrency market, so entering an exchange (even DEX - decentralized like Pancakeswap) now does not seem like a good idea. In order for a project to grow in value after listing, hype is needed, and we don't have that right now, nor even have a chance to generate it.
But this is just my opinion. What is your opinion? How should we play this dilemma in relation to market sentiment and investor expectations?
Sources - message with voting results:
EN - https://voting.ccfound.com/
EN - https://voting.ccfound.com/en
Telegram chat PL: https://t.me/ccfoundpolskachat
Telegram chat EN: https://t.me/ccfchat
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