Hey there folio.ninja community,

We'd like to make an announcement regarding the future of the folio.ninja product and token sale after being rather quiet over the past weeks. Apologies for the lack of updates.

Unfortunately after a slow start and lack of attention in our token sale we have decided to halt all contributions and refund all ETH to any contributors that wish to return their FLN tokens to our Foundation Trust wallet.

We've done this for a couple of reasons:

1) Token Sale Visibility - We've quickly realised that our go to market campaign was limited at best, and did not position us well enough to benefit either ourselves or our contributors. The resulted in limited funding which did not allow us to guarantee our roadmap milestones

2) Bonus Round Expiration - Coupled with limited visibility in the community, our bonus rounds ended before most contributors found out about us, putting them at a disadvantage to others who got lucky and saw our post or advertising on icoalert.com.

We've learnt a significant amount throughout this process, and worn the costs of doing so personally.

It is our intention to continue to build folio.ninja to a more advanced MVP and re-open up another token sale event to the community after applying the lessons learnt.

To wrap up our contribution contract, and return ETH to contributors, the following process will be followed:

1) folio.ninja team will halt the contribution contract, meaning all future contributions will be rejected automatically.

2) On Saturday, 4 November 2017 at 16:00:00 UTC our Token contract will allow transfers of FLN tokens on the Ethereum network. We ask that all contributors who wish to receive a refund of their ETH send their allocated FLN tokens to the Foundation Trust wallet listed on our token sale page: https://www.folio.ninja/token-sale

We require all FLN tokens are sent directly back to the Foundation Trust wallet from your contribution wallet to ensure we can match your contribution amount in ETH.

3) Upon receipt of FLN tokens to the foundation trust wallet, we shall return the full amount of Ether you have contributed.

4) Ensure that you use the same wallet address that sent the initial contribution so that we can allocate the correct ETH based on the bonus round that you contributed within.

5) Please note, contributors do not have to return their FLN if they do not wish and still believe in the project. FLN tokens will still be used in our future platform. The only reason we are offering a refund is because we are not able to work with the milestones promised and therefor want to provide transparency to our current and future contributors.

We are processing refunds in this way so that we can provide a future token sale to the market and reuse the existing token contract.

If anyone in the community has any questions regarding this, please reach out directly through email: info@folio.ninja

We'd like to sincerely thank our contributors, and those in the community who were looking to do so - without you we'd not have the enthusiasm and lessons learned to continue on!

We will provide subsequent updates once we bring our bot trading MVP platform online.
In the meantime please feel free to continue using the portfolio tracking MVP product.

Best Regards,
Scott & Aron