Topic: [RADS] Radium - Decentralized Identities, Custom Assets, Elections, and More! - page 48. (Read 579179 times)

Nice update and thanks JJ12880 for sorting the legal fees 

Thanks for the update team! Strongly believe in Radium's bright future!

Here is a quick update on where we are with the Radium project.

Abstract / TL:DR
   Our work for memorandum is done, the lawyers are now working on writing it. New Website and White Paper should be released in the next week. Development fund fork code is complete, needs testing by development team. SmartChain React interface on hold due to work required for above projects.


Legal SEC Memorandum
   Our work to obtain the legal memorandum required to remain on Bittrex is nearly complete.  JJ12880 has personally funded the 15k USD needed to pay for the memorandum, with the understanding that he will be reimbursed with Radium once the development fund becomes active. The payment has been sent, and the lawyers are working their review of the project and writing the memorandum.

Website
   In order to present the lawyers with accurate information to produce the Memorandum, we have developed a new website that will hold the content of both the current website and the wiki. This will allow Radium to keep all information, documentation, and blog together in one place. This website will support multiple user accounts and contributors, so we can do a much better job of keeping the information current and up to date. We have also included a team section, so you can see all of our pretty faces. We hope to launch the website in the next week.

White Paper
   In addition to the website, we needed to write a White Paper in order to complete the memorandum. The White Paper is complete, and will be released at the same time as the new website. The white paper explains the goal, purpose, and functions of the Radium system.

Development fund fork
   The code for the development fund fork is complete, and JJ12880 and other team members will be testing it this week. More information regarding the date for the fork will be provided once testing is complete. We will allow a 4 week period from the release of the code for all nodes to update, ensuring that all exchanges have plenty of time to complete updates from their end.

SmartChain React Interface
   Work on the react interface has slowed due to the time being dedicated to the legal memorandum and the development fund fork. Once the code for the development fork is completed, focus will shift back to development of this interface and new SmartChain functions.

All the best,
The Radium development team.

Staking is currently 12.5%, half of normal 25%, until the hard fork has taken place

What is the annual staking return?

Any update here ?!

it is good that you updated the website and wrote the whitepaper, i am sure the project will benefit from your work and the memorandum.
good luck with defending radium and to keep the coin listed. hopefully you can be back soon to coding and finishing the fork...

Keep the good work coming guys we all believe in you. This SEC thing will soon be behind you.

Try to list on exchange like Kucoin or Okex. it's better than the lonely and other unknown exchange.
It is important to rads maintain its volume.

If listed on the two exchange mentioned above then I am sure the volume of rads will be stable and will not decrease.

Strange exchange. The most coins have disabled withdrawal (but deposit works!). Few orders in orderbook but large trade volume. Looks like fake trades.

I noticed we were put on another exchange called "Trade by Trade." Any thoughts on this exchange. They are now our highest volume for the moment.

It's always a good idea to invest in a low market cap but high volume coin with good use cases like RADS.

I wonder that Is there any marketing strategy regarding the promotion of Radium?

Good luck with getting all that legal stuff out of the way!

Thanks for keeping us informed.

I really like the concept of the coin, this project is very honest, just looking at it to calm my mind and hope for the smooth

I like the concept and I think this project will have a big future . I'll support as far as possible. I hope this project will be successful. Always keep up the great work!

I got little Confused Well a want to ask a bit this ICO will begun when Incent is already finishied their ICO and also when incent available on Exchanges ? right

Hi everyone!

I know everyone wants news about the fork.

TLDR: The fork has taken second priority to obtaining legal counsel to write a memorandum demonstrating that Radium is NOT a security, in order to remain listed on some exchanges.


Several weeks ago, one of the major exchanges which we are listed on, asked us to go through a review process, due to the increased scrutiny of the SEC (Investment regulatory body in the USA). It seems that completion of this review process is a requirement to remain listed on this exchange. Given the current regulatory landscape, several exchanges are protecting themselves from possible litigation by not listing tokens that fall under the category of a security. To this end, a significant part of the review we were asked to complete included a lengthy legal memorandum arguing the case that Radium is not a security as defined by various legal precedents.  Unfortunately, none of us on the development team are security and investment lawyers, and we have needed to engage with an outside legal team to complete this memorandum.  In order for our legal advisers to complete their review and write the memorandum, we need to be able to provide them with a clear and concise explanation of what Radium is.  Much of my energy the past week and a half has been devoted to writing the Radium white paper, as well as writing all new content for the website so the lawyers have something to work from.  Much of our existing content is outdated, and some is no longer accurate. I hope to have the website content and the white paper ready to send to the legal team by the end of next week. 

In addition to preparing the materials mentioned above, we have been working very hard to secure the necessary funding to pay for this memorandum. Lawyers cost money. A LOT of money. Especially when we do not have a ICO budget to work from. We have some donation funds that were set aside, that will cover part of the cost, however the rest will have to come from other private sources. We will be using some of our own personal funds to cover the remainder of the costs, as the development fund will not be operational until after the fork.

I wish I could be working on the code for the fork. I want nothing more than to get this fork over with, and get back to coding what I really enjoy, which is SmartChain functions. Sadly, it seems we need to get a few more things taken care of first.  As soon as this memorandum is funded, written, and submitted, all focus will be back on the fork.

Justin
(JJ12880)

Is there any marketing strategy regarding the promotion of Radium? I feel that many people never heard of Radium although its technology is worth to know. Maybe a bigger marketing campagain will help out with that. How are the devs are financing themselves, since they was no ICO.