From Mihai Ivascu - CEO & Co-Founder - Modex (18/8/2020) Telegram


Ok guys at this point there are way to many things that are completely false in your statements and i need to respond. The team was always responsive and worked a lot to push the project to where it is today.  Whenever some of you asked for a 1:1, we were there.

1. The interview does NOT mention anything about us being ‘against’ crypto. Read it again, you seem to be familiar with us and understand that this was not the case. This is a statement that has nothing to do with us being against anything, in the interview we are mentioning about the main activity of our company which is more than issuing a token, it’s related to applied enterprise applications.

2. Been a long time since the ICO and we haven’t made any ‘pump of the token’ like most wanted because we simply do not get involved in market manipulation or any types of trades like that. We went for a regulated, audited token issuing and have no intention to start ‘playing’ like others do.

3. The big allocation that you see is part of an internal contractual allocation. We as cofounders have never sold one token, will not do that in the near future and we stay firm with our belief that the token - designed as the governing token of our ecosystem - i would say evolving ecosystem applied more into enterprise field - is the correct approach.

4. We have not raised our first money with the ICO. We raised a significant amount in 2 rounds 2 years before the ICO and were a profitable software house 7-8 years before Modex. So the ICO was a good reality check for us, a good experience...we spent a lot of energy on it and we want to thank all of you for supporting our event.

We are commited to our growth - as we are in the middle of an institutional funding round of 50M USD, after raising 18 M USD in funding so far, out of which less than 2 M in our Coin Offering. 90% of that are partners of Modex and long term believers, who have not put any token for sale.

5. We are treating Modex as an enterprise blockchain company, a proper growing software company with over 100 staff contracted and almost 10 M USD Total Contract Value in for this year, which is a performance in the enterprise blockchain space. We are staying away from ‘pump schemes’ and other completely misleading techniques, we just want to build our ecosystem and allow our token to be fully implemented into our vision. We are commited to that and are very aware that good strong ecosystems take money and resources to be built.

6. Our next actions will reflect the clear utility of the Token in the ecosystem, especially now that we are migrating towards Infrastructure As A Service given the new integrations with the ecosystems of Microsoft, Amazon,
Oracle, and other Tier 1 infrastructure players. https://modex.tech/modex-bcdb-iaas-on-major-public-cloud-offerings-azure-aws-and-oracle/

7. Happy to communicate with each of you, 1:1 or on AMA sessions. Please before throwing words out there about us, read of emails, blog posts and ask for comms with the team.

That’s business reality and we are focusing all of our efforts on growing the company, getting new clients from banks to governments and startups and that’s why we are constantly scaling up the team and building the brand of the company in the Cybersec space.

Thank you all for all your support, let’s keep in close contact and as always, you will be informed of every public action of the company