Hi guys. Remme is greeting the community and would like to announce strategic changes we plan for the upcoming weeks.

26 Apr 2021, 16:06

Hi guys! Remme is greeting the community and would like to announce strategic changes we plan for the upcoming weeks. You know that our crypto-currency division produces literally x100 results compared to cyber-security one. Yesterday we showed one of our latest achievement - fully automated and distributed token economy using buyback with 0 Gwei. In 2021 blockchain is still an emerging technology and new territory for many business decision makers. A lot of companies provide their unique blockchain solutions, which are improving our life at different levels. But traditional business is still waiting the cat to jump, and one (or several of) blockchain provider to become indisputable leader - or propose a way to standardize the industry and integrate different blockchains. Before this happens, they are not ready to invest significantly in any specific solution. It’s a big mind gap between the blockchain community and more “traditional” businesses, and it decelerates Remme’s business in the field of cyber-security. While passwordless authentication is the complicated market itself, promoting blockchain-based solutions becomes even more tricky. Remme has performed in-depth investigation, and came to conclusion, that marketing potential will not enable to make appropriate buybacks for Remme token in 2021 and launch working token economy. From the business point, it will also contribute to De-Fi part of our business: 1. From the beginning of the 2021 our performance improved significantly, and the most part of profit increasing was provided by De-Fi products despite both product groups (Remme and Peanut) are created by the same team with the same technologies and resources. 2. It’s a tough task to match crypto-economics and traditional one under the one roof. 3. We launched several De-Fi products in the last months, and most part of them performed better than planned. But it’s only about 10% of ideas we’ve got. Now the only limit we see is the team's capacity, so we need to rebalance our resources to make the De-Fi division even more effective. 4. The only reason to save the cyber-security division is to stay in a more stable and predictable market. But our analysis shows that even if the bear market ends for crypto, and prospective income decreases by 10-20 times, our tokenomics will still work, and the company will stay profitable. That’s why we want to inform about the REMChain project shutdown plan. We decided to put on hold active business-development for REMChain and make full convertion to NUX token. All ERC20 and native REMChain tokens (even locked) could be exchanged for NUX. Please, do not make any REMChain swaps now. We will post exact flow how and when to make a claim during few days. We are planning 380 REM:1 NUX ratio (much higher current market price) for swap since there are 1.4m NUX still unclaimed on airdrop wallet. We will extend claim period till June end to be fair for all holders. Tokens for full swap will come from Community and Partnerships fund. Rest of unclaimed airdrop and full swap tokens will be sent back to same fund after claim&swap periods will be ended.

Same news in other sources

RemmeREM #5006

26 Apr 2021, 16:34

REMChain project shutdown plan All $REM (ERC20 & Native) could be exchanged for $NUX 380 $REM:1 $NUX ratio. Please, do not make any REMChain swaps now. We will post exact flow how and when to make a claim during few days. Check the details below:

REMChain project shutdown plan. All $REM (ERC20 & Native) could be exchanged for $NUX 380 $REM:1 $NUX ratio.