Firstly, thank you all for your patience and cooperation over the last 72 hours. Below is an official statement for the MVG team, regarding the early tokenisation of all investments as of the 31st of May, 2019.
We would like to clearly state that we did not intend of proceeding with the ending of our incentivisation phase early, though we hit many speed bumps in v2 that was originally not forecasted, preventing the expected tokenisation date to be pushed forward by approximately 35 days:
1. Miner fees between Day 1 & Day 30.
Until we implemented the Batch Payment fix, Maxvest was paying an average of $0.6 USD per Bitcoin transaction on all bitcoin hourly payments, which greatly hurt our ability to continue to sustain incentivised interest payments.
2. Unfairness by Blogger & Monitor Advertisers.
Even the most reputable advertisers in the space accepted contributions from our project which should have been used for widespread marketing of the project. Instead, the irresponsibility, negligence & lack of understanding for our projects concept greatly reduced the expected intake from these marketing investments.
3. DDoS Attacks from competitors
As most know, during the first 30 days we had multiple spaces of long loading times, downtime or service disruption. This was due to competitors consistently attacking our obviously unique project. While this did not stop us, it had a long term effect and reduced our expected time frame with each attempt. While this seems inevitable, our new server solution will allow v3 to never have this issue again.
4. The final straw, server migration.
As we migrated to our new in-penetrable server, the availability was greatly reduced and sealed the deal that we had to tokenise early to ensure everyone got returns from v2.
If we did not make the decision to tokenise early, we would not have been able to support the Max [MVG] Token market, which would have ultimately resulted in a loss during inevitable early tokenisation.
What are the next steps forward?
1. Max [MVG] Payouts will soon be enabled for remaining investment payments
Users will receive the Max [MVG] token for their investments. These tokens will be able to be retrieved from the "Encrypted Keystore File" which is available from the Edit Account section. For a step-by-step guide, please see here:Steem.it - Max [MVG] Token Keystore Import Guide
Please Note: To send MVG, you must have at least 0.0005 ETH in the same wallet.
2. Store your MVG, or send to Crex24/CoinLim
You can trade MVG on the Crex24 or CoinLim exchange. The Market support plan will ONLY be on Crex24 though trading will continue on CoinLim
3. Visit the ✅ MVG Market Plan ✅
Here, we will keep an in detail structure of how we will be supporting the MVG market on the Crex24 Exchange. Read Part 3 of our information release for more information.
An email will be sent out to all users to ensure no one misses the above information.
Thank you all for your cooperation. We promise that the upcoming few weeks will still remain profitable for all! Now is Max [MVG]'s time, to shine!
The MVG Team
Jun-1-2019 02:20:04 PM