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.
Will there be another ico?I hope this time around you would manage it more efficiently and reach your goals