Hey guys. I thought I would give you a status update. We have been a bit quiet here lately but that is not because we are idle but because we are just extremely busy.

We had a introduction meeting the other day which was successful. We have had some new registrations to the foundation as a result and two major companies in Iceland have contacted us as a follow up where they are interested in doing some sort of Auroracoin implementation. We will be meeting with them and some other companies that we are going to contact in the next couple of weeks to get some decent Auroracoin use cases out there. We have been meeting and chatting with a lot of people, both Icelandic and foreign that have super interest in Auroracoin and the success of the project.

We have been in contact with some people that want to help us make a book about Auroracoin so that we can tell the story from the launch of Auroracoin, airdrop, price fall, takeover and all the way to date. That will be great to get out and we are very confident in the people that want to do this with us as they are professionals in this field.

We have a new simple merchant tool coming out in the next couple of days I expect and a proper merchant platform to follow in a few weeks.

There are many other things going on but I'm not in a position to disclose them atm. as they are either in beginning stages and I wouldn't want to raise false hopes for something that might not come true or because the other party we are dealing with does not want to disclose things at this point so we have to respect that.

ISX has been running smoothly with minimal problems. Of course there have been some minor issues but they are as said minor and are nothing that affect the trading. The volume of course is low at the moment but that is just as was expected. The main thing is that now we have a platform that can give us a solid price in ISK and that is what we needed to start building on top of. Now when merchants can liquidate their Auroracoins to ISK they will be more willing to start to accept Auroracoin. When enough of them do there will be less and less incentive for them to change their Auroracoins to ISK as they will be able to do business between themselves in AUR which is cheaper than to convert to ISK first.

Well I can continue here for a while but I think this is good for now. If you have any questions please post and we'll do our best to answer.