During the initial phase of the first round of the BeatzCoin IEO hosted on ProBit Launchpad, the exchange only allowed KYC verified users to purchase the BTZC token. Since ProBit assured the BeatzCoin team and the global BeatzCoin community that anyone could purchase BTZC without KYC verification, and that KYC was only needed to withdraw BTZC and not buy the token, hundreds of buyers were not able to go through with their purchase.

By the time ProBit had fixed the issue, several hundreds of investors had complained that were unable to complete their purchases. In light of this KYC issue, ProBit in consultation with the BeatzCoin team decided to lower the first round’s allocated tokens to 3,800,000 BTZC, which were all sold despite the unfortunate KYC issue.

Now that the KYC issue has been resolved, BeatzCoin is moving into the second round of its IEO with the goal of growing our global community and on-boarding more users and BTZC holders. Given the fact the VibraVid music and video platform, powered by BeatzCoin, attracted more than 500 new registered users in less than 24 hours after the launch of the platform, this is a feat that could not have been achieved without the passionate BeatzCoin community.

In conjunction with the second round of IEO, which will commence on Wednesday, October 9, BeatzCoin will be announcing the listing of BTZC on a top-tier exchange. This prestigious listing itself will occur following the conclusion of the BeatzCoin IEO, and will happen in conduction with the listing of BTZC on Changelly.

As BitTorrent File System (BTFS) Mainnet was officially launched on October 1, VibraVid will be migrating from the successfully implemented BTFS Testnet to the new BTFS Mainnet in order to increase upload speeds, and enable a more robust and decentralized file storage.

VibraVid is working closely with both BitTorrent Inc and TRON Foundation to make sure the migration to BTFS Mainnet goes as smooth as possible. For the duration of the migration to BTFS Mainnet, uploads to VibraVid will be temporarily halted, while all current audio and video content already uploaded to VibraVid can be enjoyed by current and new users alike.

Please stay tuned for more updates and details regarding the second round of the BTZC IEO that is commencing on October 9, as well as updates on the tonging migration of VibraVid to the BTFS Mainnet.