Greetings to each of you;
This will be the first official written update since the crossing into 2018. It has been an eventful year. And so far a dynamic journey; I must say that there hasn’t been an asphalt road that leads to where we are going. Nonetheless we’ve covered a lot of ground.
In order to continue I wanted to write some background to set the stage for where we are now; and where we’re on course towards.
The first days of Safex began as a crowdsale that was launched in November 25, 2015. It concluded on January 5, 2016 and raised a total of 70 bitcoins and 1.4m maidsafecoins.
At this time Safex was the only crowdsale to take place within months; In those days ICO was actually called a crowdsale. The difference between the Safex crowdsale and the rest is in that We sold 99% of the tokens to the public, and only 1% was withheld to the team. So there is no central repository of Safex Tokens. The purpose for this is so that if you see the vision of a borderless trading platform that is the Safex Market brought about by a blockchain network and cryptocurrency then that is why you would be interested in Safex at this stage.
Moving forward, the objective at that time was to implement a marketplace application on the maidsafe platform; however, due to delays I had made a significant decision to continue with the vision and find a firm solution to deliver.
During that time I had moved to Belgrade, Serbia from San Francisco because I wanted to live closer to Liberland, a country that is progressive on cryptocurrency businesses. Belgrade being the closest largest city to Liberland. While there I had done some consulting roles to generate some income while I developed the strategy for the Safex Blockchain.
Until February 2017 (1 year ago) were we on track executing the Safex vision again, and until June 2017 were we in a position to begin creating a team. Realize that the crowdsale generated ~50,000$ at the time which is paltry for making a full development team, and to pivot into a full platform whereas the origin was the build a small application.
Eitherway, with the crypto boom of mid 2017 our valuations and contributions for things such as office rent, and wages to new team mates became available and we’ve been running fulll steam ahead ever since.
With the release of the Safex Blue Paper last month, it has completely marked a significant chapter in our journey. We are fully aligned on a direct path to successfully enabling trade on our blockchain.
Last week we’ve closed a deal on a new 400 square meter office (3,600 square feet) where we will be housing our new development team. We’ve been recruiting and closing deals while opening up new friendships that forge alliances to make the Safex Marketplace vision come true.
You can see in this video three significant developments:
The Safex Blockchain where I turn on the mining software to produce new blocks. This marks the start of the Beta phase which means that our newly hired development team will take things to the next level and enable trading.
Medhi Bechina, the first of many who are joining the ranks to make Safex a usable and cutting edge platform to serve the global trade of goods and services. Medhi works in a branch of Alibaba and has a tremendous experience in e-commerce platforms which he will be participating with us to optimize the experience of the people who will use our platform.
The entry to a new outpost in Belgrade from where we will be developing into the future the rest of the necessary components that make trade possible on the safex blockchain.
Our organization is on a direct trend of constant evolution. We a consistently attracting talented people to help us make a better world for as many people who can learn about cryptocurrency and the possibility of trade over a decentralized platform.
Three clips in this video display the most recent developments: