Hi my friends,
Coinlegs, with over 14,000 members and very few competitors in its field, has enormous potential, especially considering our future plans. Aware of this, in 2021, we organized an ICO to raise funds from our users. Our aim was to further develop our project and become a leader in the crypto industry with new initiatives. We promised our investors the following:
To continuously add new features to Coinlegs
To develop the autotrading platform (Legsbot)
To develop a Dex Analysis Tool (Dexpie)
Unfortunately, the investment we received was far below our expectations, but because I believed in the project, I personally funded a larger amount than what we had raised and continued moving forward.
In these three years, we built a great team and fulfilled almost everything we promised, and even without announcing it, we developed a game tailored for traders. However, things did not go as planned. Both the global economic challenges and the significant downturn in the crypto sector hindered our progress. Despite our efforts to keep moving forward, the economic difficulties and regulatory constraints negatively impacted the LEGS token. Over time, we realized that the time and money spent on the token far outweighed the resources dedicated to our project. Sadly, in the crypto world, massive marketing efforts, often requiring exorbitant amounts of money, proved to be more important than the project itself. Given our limited budget, it was impossible for us to meet these demands.
Even though we did our best and fulfilled almost everything we promised, we were not successful in further developing the token. Instead, we decided to continue focusing on what we are already good at—project development—and have stopped all efforts related to the LEGS token (development, marketing, listing, etc.). Moving forward, we will focus on the Coinlegs and LegsBot projects.
To our valued LEGS token investors, I want to say that you took a risk, and it was a risk worth taking. Rest assured, I personally took an even greater risk, but unfortunately, we didn’t achieve the outcome we hoped for. The LEGS token will still be used for purchases in all Coinlegs projects. If conditions improve, such as bull market or if we get enough investment, I will discuss with my team the possibility of reviving the token. But for now, we will focus solely on project development.
I appreciate and love you all, and I want you to know that I’m deeply grateful for all the support you have provided