Hello all, this is the APIS team.

First of all, we would like to thank each and every one of our supporters for his or her support and interest towards the project.

The key principal of the APIS team is to break down the barrier of the blockchain market, to strengthen our position within the blockchain environment, and to protect the assets of our contributors.

Therefore, we would like to make an important announcement related to the incident that occurred during our Presale on 20 Feb.

1. Presale Smart Contract Issue

On the presale date of 20 Feb, we have experienced problems related to user transactions being rejected.

APIS Dev team was tracking and analyzing transactions real time and found multiple users’ fee(Gas Price) being irregularly transmitted on the network.(failed transactions had fixed Gas price of 69)

Thus, APIS team made an immediate decision to prevent further losses sustained by users by suspending existing presale smart contract. Afterwards, a new smart contract with fixed Gas price was announced.

Subsequently, APIS Dev team conducted internal investigation as well as external coordination with QTUM Dev team to identify the abnormal behavior of Gas price that resulted in multiple failed transactions.

As a result of our investigation, the glitch was identified as QTUM wallet’s compiler(MinGW 32) error. APIS team immediately forwarded the identified glitch to the QTUM Dev team, which confirmed the glitch and promised us that it will be fixed in a few days.

We, APIS team, are coordinating with QTUM on this incident and will continuously work on providing any updated information regarding the incident to the public in various ways.

2. Announcement of shift in Crowd Sales date

The crowd sale(ICO) will be delayed from 28 Feb(preexisting) to 4 Mar 17:00 ( UTC +8 ). APIS team made their best effort to secure transparency and credibility through QTUM and Ethereum’s Smart Contract. However, unforeseen QTUM compiler error has postponed our expected crowd sales timeline.

We would like to emphasize that we have inevitably postponed the crowd sale because we believe it is more important to meet a certain level of safety, accountability and and credibility than just irresponsibly accepting contributions.

ETH/QTUM exchange ratio will be announced 2 hours before the sale and will follow CMC (https://coinmarketcap.com/).

3. KYC Schedule

KYC procedures and schedules for investors wanting to participate in the crowd sale will be announced later this week. KYC will be opened no later than beginning of the next week.

Once again, we are grateful for all of your support and will do our best to meet your expectations.

Thank you.

Very Respectfully

APIS team.