Update Week 33

 

After a successful presale totaling 187 ETH, we are now ready to let the fun part begin. In the past weeks, we tried our best to gain as muc trust from the community as we possibly could. Just like expected, un that period of time we managed to build a good following on Twitter and a solid community of early supporters on Slack. We also discussed internally to enhance the presale for 10 more days to give others also the chance to contribute – but we decided against it in the favour of our presale contributors who invested already and believed early in our team and in SocialX.

So far we raised roughly 56k USD. Since our incorporation, our costs are of exactly $6,292.00, or 22 ETH (11,2% of the presale funds).

The Multi Sig Wallet of SocialX can be visible here

The planned transfer of 22 ETH will be done to the ETH Wallet of No Limit Pte. Ltd. which covers all the above expenses.

Transparency is a core value at SocialX. Therefore, we will communicate all further expenses through our blog.

Stay tuned and rock on!

Planned distribution

Spending of SocialX Pte. Ltd. per 20.08.17

Business Update

We are currently also in the process to fully prepare our ICO – where we will provide a further statement in our blog post.

Development:
We started our internal sprint in JIRA to further establish value for SocialX and we are keen to present you with new updates as soon as we will publish code updates on Github or Bitbucket.

Marketing:
We continue our path to prepare the perfect marketing before and after the ICO. We are ready with all our contacts to publish our ICO on the major pages – so that we get maximum exposure. Furthermore we will focus on Social Media as those channels were very well performing during our presale.

Business Development:
We will further update this in the upcoming weeks

UI/UX:
Some of our community raised that we have to go a different approach then the top 5 social networking apps – we take each feedback seriously and also continuously try to satisfy everyone as long as it’s following the mission to enhance the value of SocialX. So stay tuned what we will prepare here for you – we think we will have a good base then to decide which way SocialX should go in terms of UI and UX.

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