What we have found at the moment is that there is quite a lot of bounty program's are competing for a smaller pool of bounty participants and with the market sentiment as of current token sales are currently raising investments significantly slower than anticipated. Our exchange's security audits to ensure no vulnerabilities has been a step that has required a lot more time than we prior anticipated. That time must be taken because if any security vulnerability were found, it could be quite harmful for fostering trust in our product. We also wanted our exchange to be released before the token sale ended so user's could actually get a feel for the product we made and foster that sense of trust which we expect would drive a lot more investment into the project.
With security we are aiming to be one of the first crypto exchanges that is preparing for ISO 27001 certification which requires a very high standard of security.
We allowed all participants the opportunity to keep their accrued stakes if they felt they wanted to instead join other signature campaigns. All the scams and low-quality projects in the space does make it significantly harder for legitimate projects to get noticed as many just have written off the whole token sale movement as so many have been losing money in the last year. The regulations of KYC being required for token sales has also proved to add another obstacle to raising funds.
Our project's founder's self-funded over a year of development before even deciding to start a token sale. Our marketing efforts will ramp up significantly more upon launch of our exchange which was built from the ground up.