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Topic: DividendRippler - pulling the plug on June 5 (Read 592 times)

sr. member
Activity: 353
Merit: 250
What a sad day.  DR was the most reliable of any gateway for decentralized trading that i have ever seen. It also had the least friction. Decentralized trade seems to have taking a step back now that corporate banks and wall street market-makers have better access to Ripple tools than individual investors and non-affiliated makers.  Thanks Nelisky for helping to show us what's possible.
legendary
Activity: 1540
Merit: 1002
Well, the day arrived, but I'm going to postpone a bit since there was almost no action on DR. For those that are unable to access funds due to the lack of a public ripple client you may want to take a look at https://github.com/jatchili/minimalist-ripple-client which is not visually polished and you really need to know what you are doing but does allow for a simple method of sending your funds to DR for redeeming.

In a couple of days we'll take the patient off life support, so let us know if you are having trouble.
sr. member
Activity: 369
Merit: 250
Its a shame, I used DividendRippler back in the day.. back when Ripple was a little more free and open.

Thanks for the service all these years and good luck for your next project Smiley
legendary
Activity: 1540
Merit: 1002
Unfortunately part of the backend decided to quit early, a hardware failure that we can't fix immediately. In all probability there'll be a week long delay because of this, so please don't redeem your funds until we have this covered.

If you already did it's not really a problem, it'll just be picked up once the system is operational again, of course.

I'll update everyone as soon as there's more information.
legendary
Activity: 1540
Merit: 1002
It has not been an easy decision, but complete lack of interest in DR added to running costs in both time and money forced us to pull the plug on it.

There are still client funds lodged with us, so we're giving another 4 weeks of uptime to allow everyone to withdraw, after which the service will have to come down. Assuming funds are still left behind there will be another period of 2 more months (so, September 5) where any eventual funds will be held and we'll return them to those that prove to be the rightful owners, and finally if any funds are still with us we'll take ownership of them.

We'd like to thank everyone for the support they've given along the way, and perhaps soon we'll come up with a better version of this service and give it another go, time permitting!

Let us know of any issues or questions and we'll do our best to address them.
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