Dear CRYPTO20 Community,

HitBTC has just informed us that they are upgrading their core systems over the following week to resolve the technical challenges that high-volume exchanges are currently facing.

To protect our users and ensure a stable launch we have decided along with HitBTC to postpone the token listing by one week to the 22nd of January, 7 PM UTC.

We agree that the timing of this notice is unacceptable and to that end, we have been in discussion with multiple other exchanges — namely CoinExchange and Yobit — to list by the 22nd. Our token is already visible on EtherDelta and trading will commence as soon as the token is made transferable on the 22nd.

The HitBTC core maintenance should resolve the concerns that individuals in the community have been expressing through various channels.

Over the past few months, we have dutifully applied to all major exchanges. Exchange applications currently take several weeks to review, and we hope to announce additional listings soon. We expect this process to be expedited significantly once we complete the initial listing and are visible on Coinmarketcap.

HitBTC will not launch any other tokens before the 22nd. Tokenholder satisfaction is our number one priority, and we fully intended to list on the 15th, but these circumstances are regretfully out of our control.

The CRYPTO20 team has consistently delivered ahead of schedule, and that is the standard we wish to maintain. Consequentially this has been quite hard on the team — as I imagine it is for many of you reading this that were looking forward to trading or acquiring C20.

Fund Audit & Marketing Update

While the date change is far from ideal, it will give us additional time to run the listing marketing campaign which goes live on Sunday.

The fund audit by KPMG concluded successfully today! The report will likely be finalized and made public on Monday — this will be a vital component in the campaign and ensure increased investor confidence in C20.

The team will be working around the clock this weekend to deliver the audit findings, and we sincerely apologize for any inconvenience due to HitBTC’s conduct.

Thank you for your understanding — we are doing everything we can to ensure smooth trading for our community.

If you have any questions you can e-mail team@crypto20.com or speak to the founding team directly on Discord,

Kind regards,

Daniel Schwartzkopff

Founder & CEO

CRYPTO20