I've received several PM's from ecstatic investors and supporters who've witnessed the value of their initial investments in Phase I skyrocket! Administration held a Board meeting after hours of deliberation ultimately voting to release wallets, sourcecode, and POW phase effectively increasing the overall price valuation and marketcap of MTR significantly.
We apologize to anyone inconvenienced by the discretion of the boards decision, as the majority felt securing a higher market capitalization strengthened the core and value of MTR.
Thanks for the explanation dev.
IMO I still think management made a mistake by launching POW as there are more things to consider than the short term value of phase 1 or the size of phase 2. If it was a deliberation by management with a voting process etc. then management probably weighed up the these 2 aspects with the negatives from the decision and found that these 2 outweighed the rest. Nothing can be done about it now except to take a wait and see approach.
With the original launch schedule it was fine for ICO investors to wait for their coins to the end of phase 2. With the ninja launch of POW, it becomes a problem to allow only certain coins to be traded. Releasing phase 1 coins now would definitely impact phase 2 negatively, but that is one of the negatives that management had to weigh up to get to the decision that starting POW early was a good idea according to management. Anyways, I hope for ICO investor's sake and that of the coin that the price goes up over the next week and not down. All the best to the A-team that have to stand next to field while watching the game from the sidelines.
Right now the mining price is about 300K sats to mine (1) single MTR.
Phase 1 investors paid 31K per MTR.
Phase 1 investors 10X their investment in less than 3 days when looking at how hard and expensive it is to mind.
I have the coins best interest in mind. I have ToshiDesk and the developers that helped me put this all together in mine. Last but not least, I have the investors in mind. The investors of Phase 1 are making out clean right now.
I get that MTR isn't a cliche style coin launch, but I will NOT let, MTR end and die like the rest.
Coin ideas, that are constantly being pushed out ( good or bad ) get washed out, because the devs don't have the money to pay to complete. I have developers on a deferred compensation plan. Not to mention my bills to make this all happen are through the roof. If only you knew how much of my own money I put into this project and how much time my devs and I have into this.
MTR and ToshiDesk need exposure, and the more people that get involved the better for everyone.
Launching POW wasn't done to "piss anyone off" - I don't believe it was unfair either.
I spoke with CintronDigital Please See here- Let me know what you can take from this. I got back to him in 20 mins, and was even more responsive then him.
I spoke to everyone in this manor when the questions were received.
I care about every investor that decided to invest and have been very transparent from the start.
Things are structured to succeed here at MTR administration, and we won't let things be a waste of time for anyone.
I hope you understand we are trying to bring something truly great to the crypto community, and market share is 100% important for any company to prosper and grow stronger. More users, more exposure, more market share capitalization- I use this phase often, and I stand by it.
Cheers,
MasterTrader777