2018 is definitely the beginning of a bus for CEDEX project. For those who did not keep up, there will be a brief summary of everything that has happened.
The biggest news event was, of course, the date the token changed before selling. It was originally scheduled for January 12 but was postponed until March 16 at 19:00 GMT. In addition to postponing the sale date, the amount of available for sale pre-sales symbols has been increased from 20% to 50% - 25,000,000 CEDEX currencies.
This step has been taken for several reasons. The first factor to be included in the resolution was the very high demand on the White House for the sale of badges and net contributions. It is clear that investor interest in this center is very encouraging. However, it became clear that 20% of the pre-sale token would likely leave potential investors out of the sale due to lack of supply.
There were a handful of echoes in the last memory that were sold in minutes or seconds. This leaves many people disappointed, but it also leads to uncertainty about what the biggest "whale" investors can do once currencies are traded on major stock exchanges. The pre-sale premium of up to 50% gives public investors a better opportunity to participate and allows greater distribution of SEEDEX currencies and the strengthening of the community as a whole.
The re-sale of the pre-sale date gives CEDEX time to comply with the requirements for initial currency offers created by the Japanese Financial Services Agency (FSA). In order for Japanese investors to participate in ECO, the symbol given on the stock exchange must now be registered before the start of the sale. Japan's cryptocernese market is strong, CEDEX admitted that leaving it would be detrimental to its partners and investors. Ensuring compliance with FSA regulations was a clear decision.
At the same time, the CEDEX center can now comply with the regulations of the International Organization for Standardization (ISO), which was drafted in Gibraltar last October. These regulations help to mitigate scams and other illegal activities, and improve the entire cryptocene system in the long term.
The Center will also continue to strengthen and expand its partnership program during this period. Indeed, it has already submitted an important addition to its Advisory Council last month.
Security expert and Plockin developer, Jorge Rodriguez, will help the CEDEX team to ensure the quality of project development. As a lifelong moral hacker and former developer of Ethium, there are a few more convenient people than Jorge to review the project code for bugs and vulnerabilities.
CEDEX recently announced the addition of Jay Kim to the Advisory Board. Jay is an expert in e-commerce and digital marketing, and also runs the largest Echo Korean YouTube channel in the world, as well as a handful of other cryptocernes media. Jay will be able to help generate more interest in SEDEX in Korea due to its significant impact on the cryptocernes investors there.
If these first weeks are any indication, 2018 will be an incredible year for CEDEX. To interact with the community, you can join a discussion on Telgram and follow up the project on Facebook and Twitter.