Due to new developments we have postponed our crowdsale for three weeks. Our ICO will now start on 11 May and last for one month.
It’s been a busy time for the ZrCoin team as we’ve prepared for our crowdsale. Whilst technically everything is now in place, there have been developments in the wider ZrCoin ecosystem that have made it necessary to delay the ICO. Fortunately, the reasons for this are good: we have new opportunities in the Chinese market, and want to ensure we fully leverage these.
We will be opening a new office in China in the coming weeks. As most readers will already know, China is a major global manufacturer, and demand for zirconium is high. Just as importantly, there is a strong cryptocurrency scene in China — a large amount of bitcoin mining occurs there, as well as a substantial amount of trading (albeit less than believed a few months ago, before the People’s Bank of China imposed controls on exchanges). The Chinese are also enthusiastic and creative investors and are always looking for promising new projects.
As a result of these developments, we’re holding off on our crowdsale for another three weeks so that we can make sure we can take full advantage of the new opportunities it offers. We believe that we can attract a significant amount of capital from Chinese investors, and simply cannot pass up the chance to do so if we want our groundbreaking initiative to be a success.
The crowdsale will now begin on 11 May and last for 30 days, ending on 9 June.
We hope our investors will bear with us and join us in May!