2019 is now here, but before leaving 2018 behind let’s recap a bit. It hasn’t been the easiest year for crypto — markets tumbled, sentiment slowed down, regulations tightened and the exuberance that characterized the market at the end of last year gradually transformed into a state of skepticism and reevaluation. A tough but necessary process, which is typical for every market cycle and amplified in crypto. We are going through a paradigm shift that is preparing the industry for healthier growth and more logical and structured valuation systems.

In 2018 we have laid down the foundation for the days ahead. We released the early version of the APEX mobile wallet with multi-currency functionality, and at the end of November we released Phase One of the APEX Blockchain Testnet, all of which is according to our short and long-term technology development plan. Equally important is our expansion of the team and talent, which has surpassed even our own expectations and has outgrown the Microsoft offices into our own 200+ employee office. Lastly, we were through numerous awards recognized by a large number of organizations including Red Herring for our technological innovations, current success, robustness and future potential.



We leave a bearish year behind where numerous blockchain projects have found themselves struggling financially. However, we can confidently say that we have the runway and capital for continuing to develop APEX Network into the leading Blockchain technology, and to drive adoption in the enterprise ecosystem. We aim to create valuable and innovative use cases surrounding consumer data privacy, decentralized storage, and in general further use cases in “Data+AI+Blockchain”.

We expect 2019 to bring us both joy and challenges. The rollout of testnet phase 2, which includes a Virtual Machine, is expected soon. Mainnet will follow in the months after.

Thank you for your continued support, and best wishes for the New Year!

Sincerely,

APEX Core Team