Dear eLYQD community,
As the market was in a bearish trend during our entire crowdsale period, we have made a difficult but necessary decision to extend our ICO. After many suggestions from token holders and consultations with project advisors, we have decided that it is in the best interest of the project to extend the ICO by further 90 days commencing after initial end date on 30th of September 2018.
The recent fluxes in the crypto market took a toll on the value of Bitcoin, Ethereum and many other cryptocurrencies and the celebratory phase came to a major halt. This, following a series of other such unfortunate events, held the interested stakeholders from investing in the eLYQD ICO, which is denominated in fiat exchanges instead of cryptocurrencies. For example, 1 ETH is equal to 1000 tokens, but if ETH drops by 50%, you get only 50% of the estimated tokens.
The community and supporters of the eLYQD have brought this matter to light and eLYQD has taken note of the same. Given the current volatility in the markets and the increasing demand for LYQD tokens, the eLYQD’s management team has henceforth decided to extend the sale period.
We will restructure the token values from the beginning by giving an equal opportunity to everyone, who could not avail the tokens in the initial crowdfunding rounds due to the declining crypto market conditions.
The ICO will be extended by 90 days after the initial end date to have time to continue marketing & pursuing investments/partnerships.
As the market is gradually recovering from massive price declines that were experienced in Q3 2018 and investor confidence is slowly creeping in. We believe this extension in the current market uptrend will help us achieve the aim of the ICO.
New ICO end date = 30th December 2018, 23:00 PM UTC or until the hard cap is reached.
We say a big thank you for your understanding and support up until this point and beyond.
Regards,
eLYQD Team
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