Quote from: mavin.network on November 20, 2017, 02:10:34 PM

Hi backers and followers

Mavin is postponing the TDE to next year

Although we had great interest in the project and a substantial pre-sale commitment, we have been noticing a bit of an ICO fatigueness combined with a notable slowdown in backer activities lately. This has led us to rethink our fundraising approach before officially starting our public ICO.

The path we started in July 2017 with the ICO is not working anymore, the costs of marketing spends for ICOs exploded in the last 2 month and are absolutely crazy at the moment.

We planned with a marketing multiplier of at least 10-15x return for every dollar spent, but after the first weeks of the campaign we saw, that the market has changed and our factor would have been significantly lower we decided to stop our efforts. With our marketing budget of USD 200000 we risked not reaching the minimum goal of ETH 3000.

Thanks to an angel investor we are still able to develop the Mavin Platform and can follow our roadmap as planned, nevertheless we still are continuing our fundraising to bring mavin to the full potential it deserves.

The new fundraising which will be launched in January 2018 will be based on a multi-tier affiliate program with interesting commissions in MVN tokens and ETH, which will help us to reward real influencers for their marketing efforts for Mavin and reduce the amount of marketing in the totally overpaid crypto market world.

The fundraising and affiliate program will be open until the launch of the Mavin platform in Q3 2018. This way we can launch the app and have the token distribution event at the same time allowing a strong demand of the token from the Mavin platform participants from the very first day of issuance and avoiding speculation on secondary markets (e.g. exchanges).

We are going to limit the initial bonus tokens to 10% only, so every early investor like you will keep the current bonus level if you decide not to withdraw your funds.

We would be happy if you keep backing us but if you wish to be refunded, we will honor your request*.

Please stay tuned to get more information about the new evolutions and developments of Mavin.

Best Regards,

Team Mavin
Everybody is an influencer!

* Refund: Send an email to ico@mavin.network using the same registered email used in the login and the destination wallet address for the withdrawal request.

If I understand this correctly, it means the Mavin ICO launches alongside with the platform Next year 3 quarter. Sincerely isn't this time too long, many prospective donors would loose interests over time. Anyways good luck guys.