We have also watched some projects get heavily hyped and manipulated by good shillers in order drive up the value, only to watch these profits taken at the expense of those they've gotten to buy into the "hot" project that they were selling everyone. They utilize these new buyers to cash out and make money for themselves. The aftermath of their work can be seen in the charts, after they've pumped the hyped project to new highs and then dumped it back down to where it sat prior to it all. Projects are not safe in these bearish times.
While Ondori has not had the greatest volume recently, we also are not in a position like many other projects where they have bled out. We know that these have been uncertain times and we’d like to say a big thank you to all of those still holding their RSTR and supporting Ondori. Your support and understanding is very much appreciated. It’s this solid investor base that will make Ondori great in the times to come and will be the foundation for our success.
Like a business, we must also adjust with market conditions. We never began this project with an ICO or any type of OTC sale. Ondori has always been self funded and project expenses have been paid out of pocket, which still has not yet been reimbursed. Many seem to forget, or ignore, the fact that we do not get paid for the services that we provide and while we may have a budget set aside to help with the project growth, we had preferred not to put that on a brand new market and now will not do so on a market that is struggling.
There are some factors the community must consider such as, but not limited to:
Crypto (in general) is not a source of income for the project team, nor is it a full time job that provides a daily source of income. From our core team to the teams on our social media channels, we all have our daily commitments like anyone else and all the contributions to this project have solely been on a volunteer basis. Personal hours have been sacrificed in order to contribute to the growth of the Ondori ecosystem. It seems the expectation by some appear to be that things should happen simply overnight or that project development should be right away. Some need to wake up and be realistic that this is not some game, and if you're looking for one, go elsewhere to find it. Proper development takes time and not only in a technical sense. There are many working pieces that all have to work cohesively.
Timing has always been a very important factor, especially when you consider what's been going on over the last couple of months. It’s most effective for our project that our progress matches a positive Bitcoin market. Given the recent market conditions, it was apparent that an adjustment was needed within our development plans. While there may be some positive movement with Bitcoin at this current moment, it's our opinion that we are far from being done from what we've seen. Some have claimed that we have already hit the bottom, while many still feel there is more downward trend left to be seen.
In situations like this, news and development are not the problem solver. Market confidence is the key factor. We are monitoring many projects and their activities right now, and we've seen that with the majority nothing is helping them trend up. For the few that do catch a ride up, it is short lived and quick to fall back to, or below, where it previously was.
As a project, we have adjusted our time frames and moved our development plans further out into Q1/Q2 2019 (i.e. Android wallet). This is a prime example of the reason why we do not want to promise any dates or delivery of a specific product. You never know exactly what you may encounter on the road and it's not wise to force delivery for the sake of a date that was stated many months prior.
Our plan was always to utilize the PIVX code base as a solid foundation to build from, but find our own path in becoming something different. In the end, we feel that this decision will allow us to accomplish just that. We will be evaluating RSTR core during Q1 2019 and moving our focus onto Proof of Transaction (PoT) development.
Have you ever been on a trip and had that one person that always asks,
“Are we there yet?”
If there's one thing we know in crypto, it's that nothing is certain. What is certain though, is that we continue to move forward with every winding turn and adapt when needed. Below you will find that we have updated our development path (aka Roadmap) going forward into Q2 2019.
Thank you all for being a part of the Ondori journey and Happy Holidays!
