After extensive considerations by the team, we finally decided to postpone the date of our Main Sale by 6 weeks. In light of our decision we want to provide some additional background about the reasons.
But first of all, we want to thank everyone in the community for the support during our Pre-Sale. Our Pre-Sale is now over and we have reached our soft cap of 100.000.000 HIX!
Over the last weeks we represented HELIX Orange at conferences all over Europe and the world, made significant process working on the technical platform and boosted our community. One of the most crucial learnings we faced was that the ICO world has changed and that new rules apply. The new industry is suffering from lack of trust and the fact, that recent ICOs did not fulfilled their expectations. One reason more to go for HELIX Orange to bring more trust and confidence to this great investment type.
The statistics from icodata.io show a collapse of nearly 90% in July 2018 (https://www.icodata.io/stats/2018) that has a lot to do with the insecurity about regulation and the uncertainty how to handle STO on exchanges. Another reason for the weak market is the discussion about possible ETFs on the Blockchain that lead investors to wait with their investment.
The good news is, that the race will start very soon as the summer break will be over and a couple of very promising news are already on the go. By postponing the date of our contribution period we will have more time to adapt this to increase our chances to lead the project to success. Our discussion with market experts convinced us, that we are on the right track and our topic is one of the hottest and most needed in the crypto-sphere. HELIX Orange can play a huge role in mass adaption for ICOs and can leverage ICO projects to a bright future.
We are convinced that this update to our roadmap is in the best interest of all our Pre-Sale contributors, early adopters and community. It is our duty to take additional time to get the best out of it.
What’s next?
Just in a few weeks, on 13th of September 2018, we will start our Main Sale. In the meantime we are working on the next steps, we are creating new bounty programs and campaigns for you, we will reinforce our moderation team for our social channels, we are working on the technical platform and — of course, continue to lead the project to our big goal of 3.500.000.000 HIX after main sale.
Thank you for your understanding and support. Overcoming an obstacle is going to make the community stronger and in the long run the project more successful!