Dear Valued Supporters,
It’s been a long Q1 for the team here at PodOne, and we’ve only just begun! The purpose of this letter is to share a summary of our activities with you and to discuss our plans for moving forward.
ICO Performance
We launched our public pre-sale from January 15, 2018 through February 15, 2018 and a public crowd sale from March 1, 2018 through March 31, 2018. With your support, we’ve raised a total of 650ETH. During our “break” period from February 16 — February 28, we made a decision to focus more of our marketing and promotional efforts on targeting larger investment groups. We were in attendance at most of the cryptocurrency conferences in the US, promoting our project and discussing our vision with hundreds of both enthusiasts and investors alike. Yet, despite our efforts and while several discussions regarding private investments were taking place, we weren’t able to reach our soft cap by the March 31, 2018 deadline. It wasn’t until April 10, 2018 that we executed a private token sale agreement with Vecht Pearl Investments for 12,500,000 QBE in exchange for $1,500,000 USD.
This was a very great experience for us — we made several mistakes but learned a lot during the process. The journey is really the reward, and it’s made us better than we were when we first started.
Bonus for Early Investors — Thanks for Staying!
In addition to a full refund option being available (more info below), we’re offering a 50% bonus for existing contributors who decide to hold their Qubicles for the long term. We strongly believe in the potential of this service and would appreciate your continued support.
Refund Option Closed
Due to the delay in securing our soft cap, we offered all early supporters a full refund of their ETH. This option was open for over a month and all refund requests that came in were processed. We are pleased to still maintain the confidence of a large base of our supporters.
Exchanges
Being listed on an exchange has become a very competitive process. As more and more tokens are created, exchanges have become increasingly selective (and slower) to list. To date, we have submitted Qubicles to the following exchanges: Bittrex, KuCoin, Binance and HitBTC. Little sidenote: Bittrex told us not to mention a thing, but they’re taking way too long to respond — sorry, Bittrex! So far, we have only received an offer from HitBTC to list Qubicles on their exchange. Therefore, at a very minimum, we will be listed on HitBTC for trading. Before deciding to move forward with HitBTC, we are still awaiting responses from the other three. While we expect to be listed on more than one exchange over time, we will only be listed on one of the aforementioned exchanges during the early days of Qubicles’ official listing (due to scarcity of resources) and would prefer that it be one with the highest volume, if possible.
Bounties and Referral Bonuses
We appreciate all the support received from you and your referrals as well as the consistent effort of those who participated in our bounty campaigns. Our compilation of payments for bounties are nearly completed, and the list of valid referral bonuses still being verified and approved. Token issuance for bounties will begin no later than April 13th, 2018 and referral bonuses will be sent to your ETH addresses beginning the week of April 16th.
From Ethereum to EOS
Our vision for PodOne is grand. We’re aiming to become the Uber of call centers in an industry worth well over $400 billion worldwide. Addressing the combined staffing and technology needs of this industry will allow PodOne to become the largest provider of call center services in the world. Initially, we expected to be an Ethereum-based product. After the performance issues experienced by the Ethereum network, we began considering other Blockchains and have decided to build PodOne on EOS.IO. Based on our extensive research and conversations with industry insiders, we believe EOS.IO’s focus on enterprise-grade performance, zero transaction fees, and inter-blockchain communication features is a perfect fit for our needs.
Rebranding Product to Coin
All of our marketing efforts to date have focused on PodOne as a company that happens to have a token called Qubicles. After internal discussions with our team and advisors, we’ve decided to keep the PodOne company name but rebrand the product and all promotional activities as simply Qubicles. An updated whitepaper, roadmap and website are currently in development and will be launched by April 30th, 2018. Here’s a sneak peak:
Michael Terpin Joins Team
As previously announced on our blog on April 1, Mr. Michael Terpin joined the Qubicles advisory team. Michael’s experience includes founding the first-ever fund for cryptocurrency startups (BitAngels) and launches for some well known blockchain projects, including Bancor, Bittrex, Ethereum, EOS, Qtum, Shapeshift, Tether, and many others. His extensive experience and connections in the blockchain industry will help us set the foundation for a successful Qubicles product launch in 2019 and beyond.
Fundraising Will Continue
As many of you are aware, being properly capitalized is key to execution for game-changing projects such as ours. Therefore, we will continue our fundraising efforts via token sales in a private capacity to help us meet our initial hard cap of $15 million. This will include up to three sale rounds, if required, with minimums of $250k, $50k and $5k for qualified investors.
Well, that’s all for now, folks. We thank you for your support and look forward to a strong finish for Qubicles in 2018!
Sincerely,
Marlon Williams
CEO, PodOne
