Update from the Orocrypt team:
Progression of the project: Orocrypt is working hard on the gold token; a tokenized precious metal on the Ethereum Blockchain. Unfortunately; things are going slower than planned.
With so many ICOs being launched; the availability of the companies providing the needed platforms to publish a token went down. This is mainly due to a lack of personnel and employees.
Legal aspects: As you might also know or have noticed, many things happened in the last weeks. The regulations being modified in China and Singapore are examples. Therefore; and in order to comply to the ongoing changes; we are adapting our project to avoid possible legal problems.
While this is taking some time, we think that it is critical to have a strong base to provide our clients with a strong product.
Bounty Programs & Returns: While we are aware that the bounty hunters are waiting for a return; Orocrypt would like to put forward the fact that since our ICO did not reach its minimum; we do not have any obligations to give rewards. This is part of the risks included in a bounty program.
That being said; we are more than happy to do so since we believe that anyone who participated or provided a service should be receiving a payment.
Orocrypt is thanking you for your patience while we arrange the OROC lottery among the individuals who participated. Please note that we have allocated more tokens as a goodwill gesture, than the 0.5% of funds received. This is to recognise your efforts in our ICO, for which we are very grateful.