Hey everyone. With just nine hours until the end of the XDN Foundation's crowdfunding campaign, we don't have very much time to collect what's left to reach our target, so I will keep this short:

Since the time of my last report we have received 32 donations - that's a very impressive influx of donations, again unlike anything we've seen before. The increased activity around XDN in Twitter probably might be the cause of this surge. Currently the collected sum is just over 43 million XDN. We have to gather at least 7 more million until 23:59 UTC today.

Judging by the current amounts and frequency of payments, we can very well hit and pass the target, so I urge everyone to keep donating and getting closer to our goal.

Thank you all very much and see you in 9 hours with the final report on the campaign.

Quote from: hodlbananas on June 14, 2015, 10:37:52 PM

Quote from: jwinterm on June 13, 2015, 08:20:19 PM

Nice. Hopefully you guys sell em off slowly. Looks like if you dumped 27M XDN on Poloniex right now it'd take the price back down to 30 or 40 satoshi.

Maybe you should also setup a BTC (or LTC or XMR or...) address for donations as well. Just a thought...

Double that, I wouldn't want to see the Foundation crash its own coin either, but it seems that so far these guys know what they're doing.

Quote from: jwinterm on June 13, 2015, 08:20:19 PM

Hey guys. I get your concerns, but you shouldn't worry: the Foundation maintains a policy of minimal market manipulation/impact: they will pay their employees in XDN and try best to persuade the contractors to take XDN for their services. In the case where paying in XDN is not possible, we will conduct exchange deals in such a manner as to minimize the impact on market price.

Which brings me to my next point: we will most probably be successful in collecting the targeted 50 million XDN and I'd say that about 70% of that will have to be converted into BTC very soon. We are currently looking into opportunities for OTC deals that will allow us to exchange the raised funds without crashing the market rates. I've already had several bids offered to me personally, but those aren't nearly enough to cover the entire sum we're planning to exchange.

So I'd like to ask you all about deal strategies that can allow us convert the XDN fast, in large amounts and without hitting the market hard. Maybe someone knows good examples of previous campaigns of different coins that have already accomplished similar tasks, or can maybe even point me to the exact place where such deals can be struck.

Please share your ideas, everyone's opinion is most welcome.