[XmasterAI - dev]
Dear Sendex Community
Through the past several months, we put all of our efforts to expand the Sendex ecosystem specially the Sendex Card section. As a real world legal registered company, we were always talking and negotiating under our company name and all of our contracts with providers and fintech companies are done under a real company name of ours. This lead us to some strict responsibilities and restrictions when it came to involving cryptocurrencies. We faced demanding super high fees and collateral from some of the providers and low quality services from some others.
We were switching between different providers weekly (or even daily) behind the scenes to give our users a desirable and smooth experience when using Sendex Cards.
Unfortunately most of reliable providers are rejecting any cooperation with crypto companies like us and it is nearly impossible for us to continue this way to find and work good companies to work with. Due to this matter and also a huge volume drop on using cards in crypto market (maybe because of the market situation) and more importantly the legal matters with this kind of business , we came up to a conclusion to shutdown this project. We are not happy about this, after almost 1 year of hard working from our dedicated technical & development team, our legal team and our executive team and with +$1m card purchase volume on first months, we were drawing a bright picture for this project but things in other side of the market which are out of our control cause the pain and problem and finally prevent us to continue.
Until our current card providers are active and working with us, Sendex Cards bot will be online and functioning.
The LP is expiring today and will not get extended and will get removed after a week from today. This is your choice to sell your tokens or keep them and use the Sendex Cards with your Sendex Level.
Thank you.