We collectively came to this decision based on a few factors; First and foremost, a lot of people from within the CoinMetro community requested a little more time to contribute. Particularly in light of the recent correction in the crypto market at large, we felt this made sense.
Another factor contributing to the extension is that CoinMetro has been shortlisted to speak at a symposium in Beijing on March 23rd to a group of pre-vetted and interested funds, as well as the fact that we will be in Tokyo for the Slush event on the 27th, 28th, and 29th of March.
While we are all aware that more capital can mean a better chance of success for the company we also must be tuned into the fact that having a network of contacts in Asia, especially in the banking and regulatory space is extremely important. Danny de Gier, one of our Board Members made it clear to us that an extension makes sense even from a pure regulatory perspective:
“I actually suggested and support an extension of the sale. My focus for that is purely regulatory driven, it's best to have as much funds as possible to be able to succeed covering different regions, which we need as a start-up exchange. Just to put things in perspective, my last project I ran at a German bank had a yearly budget of 150 million, just covering the regulatory aspects. Raising a bit more will mean we can act faster and proceed with the different regulators”
Our commitment to transparency as a company means that we want you to know what’s going on and what’s behind our decisions. So, there you have it! As always, feel free to reach out to us on Telegram or other social media outlets with any questions you may have.
Also now it is actually the best time to take advantage of low prices and get in on XCM! As you’ve probably noticed, we’re seeing a bearish trend in crypto right now. At first glance, this can be discouraging. On the other hand, we all know that the best time to buy crypto isn’t when it’s already orbiting the moon and reaching an all-time high. In fact, if there was a golden rule for crypto that came etched on a stone tablet, it would say: “Buy the Dip!” That dip is now.
If you believe in the technology and the long term future of blockchain, you already know that short term market movements are just stepping stones on the road to widespread adoption. CoinMetro is a next generation crypto platform that is designed for mainstream accessibility, and right now is prime time to get in early. Don't be that guy who "almost" bought some XCM a year from now, when CoinMetro is the go-to crypto exchange for legions of new users and emerging markets. Be the guy who recognized innovative tech led by a solid team and got in as an early adopter - during a dip, no less!
GET ON BOARD NOW
