The founder was the weak link in the original project. I have spoken to the one dev quite a bit over the past week, and he seems like the same kind of person as me. Genuine and wanting to help people.
The reason for using the existing EXN token is because it had a great following and community minus a few bad apples. Also the token is already listed on a reputable exchange so we can take advantage of that and help speed the process up.
The original idea was for an exchange alone but there was never any mention of token utility in the white paper.
Many people see bad, I see opportunity.
I have no interest in scamming anyone and would love the chance to make this a successful project and add utility to the token so token holders get some sort of long term value.
Later on once we have a stronger community we could loose the name ExchangeN all together.
I am open to ideas, thoughts, help. Anything to contribute. What I am not interested in is scamming another human being so I can get ahead. I am not interested in FUD.
There are to many projects hidden behind a veil of secrecy in crypto, and I would love to avoid that going forward.
The crypto community as a whole is not going to thrive when everyone associates scam with it.
As of right now we are working on ideas, and putting a team together with who can do what.
Once we have an idea of exactly what we want out of this project, we can write a white paper and build a website. I don't want to build a website and later retrace promises. The FUD stops here.