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Cool Cousin Update - October 2018
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Hi All,
A few weeks ago, we told you about the challenges we’re facing and how we’ve been spending all of our time working on the right strategy to help CC succeed in spite of this stormy climate.
It’s important to say that we’ve received important feedback from our supporters asking us to communicate more about what’s going on with the company. I’m sure lots of you feel the same way. We’ve taken this feedback very seriously and will ensure that we communicate with you more often. Your support, especially during these challenging times, is crucial to us and very much appreciated. We are soon scheduling an AMA with our CEO, Itay. In the past few months, he’s chatted with a lot of you, as he has open slots on his calendar for anyone who wants to chat with him face to face.
Henry Ford once said that “when everything seems to be going against you, remember that the airplane takes off against the wind, not with it”. Now, what this means for us is that it’s crucial to find the right angle and take off. Industry experts and thought leaders are signaling that in 2019 what will matter is real usage. CC is in a unique position in this regard; unlike many projects that are still building their tech and now scrambling for users, we have a powerful community and a thriving ecosystem backing us up. And both ready to be monetized, powered by CUZ.
Regulatory uncertainties and the state of the market are negatively affecting the blockchain community. Under these circumstances, we feel especially confident by the support from our token holders who understand the strategic importance of preparing the foundations for what is truly unique and will move the needle – the onboarding of over 1 million CC users into the blockchain space in 2019. Having said that we can not look away and dismiss the huge challenges that this current state brings. budget, momentum, technology, maturity, financials - these are all things that must be taken into account as we change our roadmap, and I’m pleased to be able to share with you details on our key decisions for the near future:
Our plans for Q3 2019 have been brought forward and we will focus on building a solution for businesses and organizations. We will launch 2 pilots with strategic partners by the end of 2018. This is a very important decision, as it amplifies the need for proven revenue streams before mass adoption and allows us to operate without relying on market conditions. After the pilot, we’ll set business KPI’s and scale up this side of the company.
Due to the extension in timelines regarding the Casper network and proof of stake, we realized that a simple implementation on the Ethereum blockchain will be unfeasible in terms of gas costs as well as maximal compute power per transaction. We’ve decided to team up with two well-known blockchain partners to overcome the technological barriers we’re facing. We’re working on the details with them and soon we’ll be ready to officially announce it.
Being on the frontier requires us to be very adaptive. Companies that refuse to change and adapt will probably die in this current state. After spending a lot of time analyzing the pros and cons for different strategies, we believe that this is the right one for us at the moment. We’re excited to be working with strategic partners to make this happen on both technical and the business aspects. We expect to see positive indications by the end of the year and release an updated roadmap for 2019. The roadmap will provide a clear vision of our technical, business and liquidity timelines for 2019.
While we have a challenging road ahead of us it is also very important to share 3 great things that happened to Cool Cousin in the last few weeks:
Cool Cousin was chosen to be “App of the Day” by Apple, you can check out the nice things they wrote.
We’ve officially launched our Android app, making Cool Cousin accessible for everyone
Our most anticipated city is now live - Tokyo was finally launched and we couldn’t be more excited
I hope that answers most of your questions Rest assured that all of us here at Cool Cousin are working day and night to secure our future. In response to your feedback, we pledge to communicate more and keep you posted on a regular basis.
Have a great week! The Cool Cousin team
Source from :
https://t.me/CoolCousin/71553