It doesn't seem like much has happened with this project since the restructure was announced. It's sad to hear about CCR and i've always felt like a single point of failure in this project was bad, but realistically at this point it's a "make or break" moment for it. If the technology is legitimate and the team comes out and wow investors, the project will survive, if they can't, then the project will sink into the annals of history similar to many other projects. The concept of it being a "ethereum killer" probably won't help it much though imo since there's already alot of "ethereum killers" that are far ahead with their own platforms and many hosting defi concepts and projects in their ecosystems
Hope everything works out for you guys, but personally I probably won't invest / buy into this project again unless the technology becomes much less obfuscated and can be properly audited and compared to many of the other platforms out there that are available. I would encourage alot of people still invested in this project (if they're in it for the money and not the technology) to take a look at some of the other projects that are active atm too and not to invest solely in this project. Alt season is in full bloom and many projects are up 1000% or more since last year. Rather than focusing solely on this project investment-wise, if you earn money on other alts you could reinvest profits into this project too
Just some advice from a old investor of many projects
Hope everything works out for you guys, but personally I probably won't invest / buy into this project again unless the technology becomes much less obfuscated and can be properly audited and compared to many of the other platforms out there that are available. I would encourage alot of people still invested in this project (if they're in it for the money and not the technology) to take a look at some of the other projects that are active atm too and not to invest solely in this project. Alt season is in full bloom and many projects are up 1000% or more since last year. Rather than focusing solely on this project investment-wise, if you earn money on other alts you could reinvest profits into this project too
Just some advice from a old investor of many projects
This project is a textbook case of how lack of transparency can ruin a project. XBY's total lack of transparency will surely end up leading to its demise. People are capable of handling the truth, yet over and over again, XBY has had to address negative outcomes, issues etc.. only after the fact. Once the community got wind of an issue and started raising concern, and asking questions, only then would someone from the team address what was going on. The best way to build a healthy, trusting relationship with the members of the community is to provide them access to information. Something rarely done here. Openness and authenticity are critical when it comes to sustaining brand loyalty. Companies that make it a common practice to suppress information about themselves are not trusted. Information abhors a vacuum and if you are not providing the information then audiences will source it or speculate about it for themselves. This I feel is one of the main reasons XBY has always battled "FUD" and negativity. They create it inadvertently through secrecy and lack of transparency. I don't fault the team for this. This was common practice for CCR, so most of the time, i'm sure the team was in the dark as well. This entire project has always been shrouded in a veil of secrecy, and is one of the reasons that so many potential investors shave always been skeptical. Trust is the key to brand success and transparency is trust in action. Those projects that embrace it will greatly increase investor satisfaction, and those investors will move from a mere awareness of the project and affinity for it, to advocacy. I hope the current team truly embraces this concept and makes it a cornerstone moving forward. I have no idea what is left of this project. No one does. How much coding is complete? How much is left to do to get XBY too mainnet? What size team will it need to complete this? These are just but a few questions that should have been answered long ago. Be forthcoming. The people that have been here with you and supporting this project for 4 years can help build it as well. You just have to be up front with them.
It’s no surprise that the issue of trust is paramount for the most successful businesses on the planet. ~Warren Buffet
A brand is simply trust. ~ Steve Jobs