Hi, we keep people updated via Telegram. Weekly Reviews have not been posted because there's nothing to review. Development is moving 7 days a week, but beyond that it's pretty slow. No new partnerships, agreements, and Malta is on hold as well until they release their new set of laws. We are doing our best to bring a quality exchange for everybody. All of this information was given to our contributors and followers before we stopped sending Weekly Reviews.
I was hoping this past week the devs would be far enough to provide screenshots/video of the exchange, but it seems they're not quite there yet. By the looks of things it looks like this coming week our production environment will be ready to view so I can send some images out along with a Weekly Review.
As for contributors, if they've been following us on Telegram and/or asking questions, then they should be fully up to speed on the progress. As per our terms, contributions are not able to be refunded.
This coming week we will also release our new site (the pages that do not touch exchange functions), which should be done by Friday.
This whole situation is a complete disaster. The first mention of the company registration in Malta being postponed was in the previous post. You said well over a month ago that Malta was ideal and you should have done it earlier!
Now there is a reason to delay registration in Malta (new rules and laws). There was a reason for delaying the launch of the beta trading for investors (because the developer ran off). Then new developers are trying to launch the website but over a month later just have not managed it?
Colton, by your own admission you spent $250,000 and have just $50,000 remaining. You spent $250,000 of investors money and have nothing to show for it? You are playing with $50,000 of investors money trying to get the project launched with the live telephone operators from day one? Your $50,000 is more than enough to launch the project (just one website running on Alphapoint) using Alphapoint and their own whitelabel service.
This whole mess is something you created as a result of your own mismanagement. How many of those investors will bother investing in other projects because of the bad experience they had with Bitmora? Colton you and your fellow team member Elias should lower your heads in shame. You failed as a project manager.
How much is the Alphapoint whitelabel costing?
How much are you paying the developers?
How much did you pay the previous developer that ran-off?
How much did you spend on promotions and other expenses?
Will you provide a full breakdown so everyone can see exactly how badly you mismanaged the project with a dollar by dollar account? $250,000 spent and nothing to show!