Many of you have been following Coinvest since our public announcement in the middle of November. With your support, this has resulted in:

16K Telegram community members

4K Twitter followers

2K Facebook followers

880 Medium fans

34K Impressions on our BitcoinTalk ANN thread

36K Subscribers to our email list

22K Tokensale registrations with an average investment amount of $6.2K per person

Legal compliance and the protection of our users, investors, and overall business is a priority for Coinvest. To support our complete vision, regulators require specific filings, licenses, and agreements for full compliance. As many of you are aware, we secured the law firm of Olshan Frome Wolosky in New York, to aid us in navigating all regulatory compliance issues. Our counsel has been involved in some of the largest investment offerings in this industry including Overstock and FileCoin. Therefore, we take their expert guidance in this ever changing landscape very seriously.

Per counsel, we’ve confirmed that the approval of these agreements and our SEC filing are slightly behind schedule. As a result, we have decided to postpone our main tokensale to March 9th. As compliance is a priority for Coinvest, we are also taking advantage of this time to ensure the following:

Extend our Comprehensive Non-Technical Security Audit

Research has suggested that most hacks are not a result of a breakdown in technology. Rather, it is often due to non-technology driven events related to identity, impersonation, etc. Our team has built a strategy to combat all potential non-technology related hacking strategies and scenarios that we are aware of.

Extend our Comprehensive Technical Security Audit

We have partnered with blockchain security leader Hosho group to perform smart contract auditing and website penetration testing services. Our team has also performed internal audits to ensure the security, scalability, and reliability of our servers to provide a seamless experience for all contributors on the day of the tokensale.

Perform US Accreditation Checks in Advance

All countries are eligible to participate in our crowdsale unless there are restrictions in your local jurisdiction. US citizens must be accredited and provide documentation in accordance to the requirements listed here: https://goo.gl/4ineYs. Coinvest will require KYC and US accreditation checks during our crowdsale contribution process.

To ensure fairness and a level playing field, we have strategically decided to deploy our US accreditation check process prior to the crowdsale. Thus, effectively ensuring the same contribution process (per legal guidance) for everyone on the day of the crowdsale. We will open up the US accreditation check process on February 19th.

Release the Coinvest MVP Demo

We have developed our MVP token and smart contracts which are available on GitHub at: https://github.com/CoinvestHQ/COIN

Our Ropsten test network Investment contract address is: 0x2e6d78558b6287f0f3fadc4814550f55234aac2f. Interested users are free to test all functions by interacting directly with our smart contract; however, will require technical experience with ABI / JSON interface.

Users can view a sample of our UI here: https://goo.gl/cG12oX. We have developed our Coinvest MVP demo (with full UI integration) which is currently been tested for our upcoming private beta. This will be released before March 9th.

Release Updated Company Roadmap

Our current roadmap has been vague and contingent on many variables due to resourcing, governance, and more. When we initially developed our roadmap, our lens on funding was limited. Based upon our current demand velocity for COIN, we have a more accurate forecast of the funds we will be able to attain in our tokensale funding process. A detailed plan will be released on February 16th.

Ensure Full Compliance

As previously mentioned, we have elected to proactively work with the United States Securities and Exchange Commission to file COIN as a security. (For more information, please review: https://goo.gl/6SXAfm) Upon completion, our filing will be public and available for the general public to query online.

Our purchase agreement, terms and conditions, privacy policy, and associated documents must contain the appropriate language to ensure the protection of our users, investors, and the overall Coinvest business. While often overlooked, having these in place before our tokensale is imperative. With all of the regulatory uncertainly in the industry, we wanted to remove any future risk that could result in future halting, closures, or shut downs. We advise everyone to take extreme caution in investing in any company that does not have legal representation and these documents in place before or during their tokensale offering.

Timelines

US Accreditation Verification Period: February 19th — March 8th

Tokensale Period: March 9th — April 6th

Tokensale Time: Will be revealed and emailed to those registered with Coinvest at http://register.coinve.st (Verify you are registered at http://verify.coinve.st)

Lockup Period: Through April 6th

Distribution

Private Whitelist: Tokens purchased from our private whitelist will be distributed before the March 9th main crowdsale.

Main Tokensale: Tokens purchased during the main crowdsale will be distributed automatically / immediately via our smart contract via our crowdsale smart contract.

Bounty Campaign: Tokens distributions will occur on a quarterly basis up to 1 year.

Employee and Advisor Option Pool: We treat tokens options for our employees and advisors similar to stock options. They carry a 5 year vesting schedule with annual distributions for every award.

We will be working with listing sites to update their tokensale listings to reflect our new tokensale date. Although we will continue to remind our community in the coming weeks, we ask you to remember that Coinvest and all Coinvest representatives will NEVER solicit and ask for funds directly. The only way to partner with Coinvest and contribute will be via our website on the day of our tokensale. All other requests should be considered fraudulent and should be reported immediately at hi@coinve.st or https://t.me/coinvestHQ.

We apologize for the delay in our tokensale date and hope that this new direction reinforces the same reasons that originally earned your vote of confidence. In the event that it does not, we sincerely apologize and hope to earn your trust again in the future.

For more information, please visit our website. Should you have any questions, please reach out to us on our Discord.