CryptoBnB Status Update - Project Cancelled
=========================================
CryptoBnB Status Update
Cryptobnb Team
22 hours agoDetails
ICO Update
As witnessed in the last few weeks, the rapid changes and strong volatility in the cryptocurrencies market were primarily associated with strong uncertainties in the financial sector's regulatory side. Massive adjustments in exchanges also occurred recently with the strong SEC crackdown which created strong downward momentum pressure on all Altcoins.
Regardless of the public ICO and financing, the CryptoBnB team achieved tremendous progress through project milestones, and continue to develop its product and sign global technology partnerships. The team exceeded the projected business plan for the next 5 years by acquiring more than 1.4 million rooms to be listed on the platform globally.
However, the current regulatory uncertainty is creating many unknowns and unforeseen risks to the current contributors, therefore the team has decided to stop the ICO and revert to self and equity financing for at least two years. This will allow time for countries' regulations to develop and eventually give stability to cryptocurrencies markets and exchanges. In turn provide better direction for cryptocurrencies based projects. Yet project development will not stop and the team will work towards generating cash flows and execute its MVP product to the market.
Eventually, CryptoBnB will consider to reevaluate going to the public and allow crowd contribution.
Accordingly, the team has started the process of refunding contributions back to its owners. We ask you to allow for 7 business days from today for your ETH to be returned back to your wallet. If after 7 working days still you didn’t get your refund then we ask you to contact us on
[email protected]. Upon getting your refund, we ask you kindly to return the CKey tokens back to our wallet within five business days.
Our actions to refund contributions is to maintain integrity and reinforce that we are dedicated to a successful ethical project where we care about all our contributors.
We look forward to you joining us in the near future on the next project stage. Thank you for your support.
Regards,
CryptoBnB Team
Copyright © 2018 Cryptobnb, All rights reserved.
You are getting this email as you are one of the participants in Cryptobnb token offering