However, two problems evolved. Firstly, truly good projects were overrun by scammers, saturating the market with fake projects. Secondly, to many people blockchain remains a nifty technology without a practical application. In the face of vanishing interest ICOs have delivered diminishing returns, in site of their promising technologies.
Nevertheless, many great companies appear in crises.
For example, Nokia was founded in 1865???the year of European financial crisis.
The Internet bubbled in 1998, and Alibaba Group was founded in 1999, when Asia witnessed the economic crisis.
Airbnb, Uber were all established during the global financial crisis of 2008.
PopulStay, which is a decentralized home-sharing platform, was created exactly one year ago, in winter, 2018. Therefore, Populstay witnessed the disappointing condition of the 2018 market but its determination to grow big was not shaken! Let us trace the journey of Populstay as a company from the very beginning up to this moment ↓
January
Populstay is selected for the blockchain accelerator program in Tokyo (details here), along with IOTA, Factom and other projects.
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February
Populstay gets investment from HandSome Foundation.
The team starts creating the Chinese community.
Chinese, English and Japanese versions of the logo are completed!
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March
PopulStay launches the official website.
Populstay completes its road show in Tokyo, and receives recognition from government officials!
April
Populstay builds its operating team and welcomes new technical developers.
The Chinese community grows up to 5,000 users. The Populstay mascot becomes popular.
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May
Populstay makes it into the top 3 at CHTA Shenzhen Conference and gets a ticket to the HITEC conference in Houston as a representative of Asia.
The Founder, Dr. Walter Wang, meets an early investor in Airbnb, Uber and Bitcoin, Jeffrey Wernick. Mr. Wernick introduces Qtum to Populstay.
Populstay builds a team in Shenzhen, China.
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June
At the HITEC conference held in the United States in June, PopulStay stands out from 100 companies and enters the TOP 16 list of global travel startups.
The number of users in the Chinese community exceedes 10,000 people.
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July
Populstay gets seed round financing from several investment institutions.
Populstay starts the recruitment of ?super nodes?.
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August
After successful expansion to the markets of Japan and Singapore and cooperation with thousands of properties, Populstay launches global activities.
Populstay becomes a travel-service partner selected by PLUG&PLAY???the first venture capital investment company from Silicon Valley to invest in Google.
September
Jeffrey Wernick becomes one of the Populstay?s advisors.
Roberto Marchetto, who is a former Google engineer, joins Populstay.
October
Populstay gets investment from Crypto Capital, while its founding partner, Aurora Wong, becomes one of the Populstay advisors.
The Founder of Populstay is invited to attend the Blockcon conference in the US.
November
Populstay is invited to participate in the PLUG&PLAY Tokyo Roadshow.
The Founder of Populstay, Dr. Walter Wang, is selected as a student of Huobi University.
December
Populstay opens domestic and overseas user registration, real-name authentication, and distributes PPS rewards for inviting friends.
The total number of real people in the Chinese and English communities exceeds 80,000 users, and the number of addresses containing PPS exceedes 10,000.
Populstay will keep up the good work in 2019. To achieve outstanding results, we cannot do without the support of the community, partners, and advisors. Follow us!