<100 subscribers
RiveX would like to announce the departure of the project due to the lack of funds and extreme market conditions.
Bitmax Listing - $250,000 Bitmax Liquidity Provision - $100,000 Market Maker Fees - $70,000 AMM Liquidity - $50,000 Employees Salaries (8 employees for 18 months) - $198,000 Hosting Fees and Contract Audits - $55,000 Marketing Fees (Community Building etc) - $66,000 Total = $789,000
A total of $650,000 has been raised and to cover the expenditure shortfall, RiveX has put in personal assets to support the project. Due to unforeseen circumstances (lack of fundings and extremely poor market conditions), a hearty decision is made to shut down the project.
RiveX is merely a startup and all startups shut down due to lack of fundings, what’s more in a horrendous market condition.
However there is a commitment of $114,500 to be distributed to selected addresses over a course of 36 months.
Thank you for your kind understanding.
This is a hearty farewell.
RiveX would like to announce the departure of the project due to the lack of funds and extreme market conditions.
Bitmax Listing - $250,000 Bitmax Liquidity Provision - $100,000 Market Maker Fees - $70,000 AMM Liquidity - $50,000 Employees Salaries (8 employees for 18 months) - $198,000 Hosting Fees and Contract Audits - $55,000 Marketing Fees (Community Building etc) - $66,000 Total = $789,000
A total of $650,000 has been raised and to cover the expenditure shortfall, RiveX has put in personal assets to support the project. Due to unforeseen circumstances (lack of fundings and extremely poor market conditions), a hearty decision is made to shut down the project.
RiveX is merely a startup and all startups shut down due to lack of fundings, what’s more in a horrendous market condition.
However there is a commitment of $114,500 to be distributed to selected addresses over a course of 36 months.
Thank you for your kind understanding.
This is a hearty farewell.
Share Dialog
Share Dialog
No comments yet