It is an understatement to say that crypto markets are not very friendly these days despite a newsflow that is not particularly negative. We are certainly paying for last year bull run, but we are patiently waiting for better times.

Token distribution completed

In between, we are not sitting tight but working hard on delivering our promises to you. First we have finalized the delivery of NPX tokens. Right until the end we did all we could to make corrections to send your tokens to the addresses you had input in your dashboards.

We have had a lot of request for people unable to see their tokens. In almost all cases, it’s because the contributors had not added manually the NPX token to their wallet.

Seed part seggregated

We have earmarked 150 ETH for the future seeding of the DAFs and send the related amount to the following address : 0xad3f95fc7CD90971aCfb8b2eAF3a1CF69D0Ff118

ETH / BTC Conversion

Now that all tokens have been delivered, we will start managing actively the amounts that we raised during the ICO and will convert on a regular basis, based on our sole discretion. Given depressed prices, we will not rush in converting the raised ETH and BTC but will secure our funding when deemed adequate.

HitBTC / Coinbene listings

As announced previously, we are planning to have NPX listed on the 2 above mentioned Exchanges. Everything has been negotiated and we were not willing to proceed with listing until all tokens had been shipped to avoid unfairness among our community members.

Now given the recent price action, and a number of conversations we have had with our community members, we are waiting for the optimal opportunity window in order to maximize impact on NPX price when we launch trading. We will communicate a few days in advance when we estimate that we should do so.

Platform design

We are working hard on the design of our new platform that will encapsulate trading signals and that is scheduled to be released in April as initially planned. The end platform is quite ambitious and we will focus on a V1 version. We will then make regular release to enhance functionalities.

Asset management license

Work is ongoing on this front. We are targeting for a June approval as planned, but it is a long process that will require numerous discussions with the Regulator and our lawyers to assess what is the optimal and acceptable structure from a legal point of view. We are in uncharted territory here and the regulatory framework may evolve in the next few month but we feel rather confident that we will find a workable solution.

I hope you are all trading on the safe side and that we will jointly navigate this perilous markets. To give you some more insight, we have also developed a new trading algo on ETH and enhanced our BTC one. We are testing them as we speak and we will give more info in the next few weeks.

Stephane IFRAH, CEO