Thank you for your interest in and support for CYBEX’s issuing ng IOU.NES! Af! After the announcement was released, heated talks filled the community and the following concerns were raised:
1.Is the 1% of NES further issued?
This 1% is not further issued. The original intention of issuing IOU is to make up for those who did not seize the chance to take part in the ETO of NES. However, after understanding the opinions of the community, we saw some misunderstandings towards the concept of IOU and the attributes of this 1% share. Virtually, this 1% is extracted from the 20% share which is supposed to be distributed in the second round of financing by Genesis Space. That 1% was taken out in advance to reward the community. To conclude, it is not a further issuing.
2. Is the price ratio--1ETH=80,80,000IOU.NES--fa--fair for ETO participants?
To protect the interests of participants who have held NES tokens, the price of of IOU.NES goe goes up 25% compared with that of ETO. All NES tokens staked in the form of of IOU.NES com come from the project’s scheduled second round sale quota and are not held by CYBEX. CYBEX team intended to allocate those tokens to community members after many discussions with Genesis Space.
CYBEX will always stand behind community members and guarantee the interests of community to the most extent. Due to the feedbacks from CYBEX community and detailed discussions between CYBEX and Genesis Space, hereby CYBEX decides to make following amendments:
CYBEX hereby revoke the decision of issuing ng IOU.NES and and opening the trading pair of of IOU.NES/ETH. CYB CYBEX will return 20 million NES tokens back to Genesis Space which are scheduled to be staked and other decisions of ETO remain unchanged. We will always put the interests of community in the first place, show respect to voices of community members and dedicate ourselves to bringing better using experience to you. Please supervise our work and support us constantly!
Hope you have a great time!
Aug 08, 2018
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