An important message from the CEO :
Dear Community,
I understand how everyone is feeling right now. Firstly, I apologize for not being able to focus fully on the development of our project recently due to various reasons. Additionally, I acknowledge and apologize for my past mistakes, especially for not fully foreseeing the risks involved with our project's features.
I realize that many of you have invested dreams, money, and time in this project. I, along with other team members, have also invested heavily over the past nearly three years - time, money, and a lot of effort. We've had many sleepless nights, and it has taken a toll on our health. Before investing in Position Exchange, I had made enough money to retire comfortably, and my financial situation was secure. However, driven by the desire to create a huge project, I invested in and established Position Exchange, aiming for it to endure. In recent years, we have invested over $2-3 million in development, marketing, and buybacks, but what have I gained in return? Almost nothing, just like many of you. The value of the tokens I purchased has also significantly diminished. Moreover, I am dealing with additional debts from features like GG, Futures Staking. We have never sold a single team token. And currently, it still remains in the locking contract.
The crypto market is a "zero-sum game," where many whales enter to pump prices, subsequently dumping them and leaving, stranding others. If I could start over, I would not embark on this project again; instead, I might have invested in AI or other core technologies that create more value. However, I am deeply committed ("In for a penny, in for a pound") and must continue to take responsibility.
Therefore, I hope we can all come together to give Position Exchange one more chance to fulfill our dreams. We will continue to develop FuturX as previously committed. We understand this may be our last chance, and there is no room for failure. Therefore, we will start from scratch to develop a better platform. Many users have questions about our development partners and their company. Their promotional videos from 2 years ago when they had a lot of investment, but much has changed since then, most of them have departed, leaving behind chaos - another reason we need to start over from the beginning.
As mentioned earlier, the timeline is approximately 3-6 months. We are currently in the planning stages to formulate a specific plan and system, details of which I will share later.
It will then take about 2-3 months of development to produce the first public testable version. Alongside product development, we will also endeavor to build a community for FuturX. Once we generate profits from trading activities, we will use them to repay the outstanding debts. We will then migrate POSI tokens to a new token at a very favorable rate for POSI holders (you will not need to pay any additional money).
Some goals:
- Launch the FuturX mainnet within 6 months
- Achieve a market cap of $5-10 million in 2024 (contingent on the token's release)
- Repay part or all of the current debts in 2024
Note: These are the goals I have set for 2024, based on my personal opinion. You are welcome to provide feedback for adjustments. Success in achieving these goals is not guaranteed and is not investment advice or a commitment. Please consider the risks carefully if you decide to invest. The decision is yours.
Later, we will establish a private group for holders so we can discuss the plan more in-depth, and I will also provide more frequent updates on development.
Thank you for standing with us throughout this journey. Let's rebuild together from the ground up. Thank you, everyone. ๐
https://twitter.com/JustinPosition/status/1786442098453164229
