But fear not, the project moves forward!

After careful deliberation we have decided against proceeding with our previously advertised IEO. There are two main reasons that have led us to this decision. Firstly; a lack of faith in the IEO market. We undertook fairly comprehensive analysis of IEOs and the various launchpads available and as you know, decided on working with Coineal. After announcing this decision, facts came to light about the world of IEOs and we subsequently lost a fair amount of faith in what they can do for projects and investors.

At the same time our private sales strategy started to deliver some very promising opportunities, these opportunities have continued to develop and grow. These private sales opportunities would present a more stable and secure option for Neutro whilst not exposing investors to the same volatility as IEOs. This more secure and trustworthy option means faster development of the Neutro Protocol, elevating it quicker to where we want it to be.

The aim of this project has never been to make money for the founders or to create a new Bitcoin, instead we have sought to create a protocol that can genuinely bring blockchain into the mainstream and present this wonderful technology to as many as possible. With this in mind, we aren’t focused on trading or quick wins, that IEOs are more orientated to, and instead will move forward with a small group of trusted partners who see the same value in the project as we do, who will, ultimately, help us deliver it in a more sustainable and transparent way.