Exchange listing update (3), Airdrop and Mobile wallet
In a previous publication we talked about the exchange listing process and progress. Auxilium passed the preliminary review of a couple exchanges with flying colours. This means the exchanges were impressed by the business, technological and legal fundamentals of our cryptocurrency and would like to list us on their exchange. Which is very positive!
Integrating AUX on the exchange is until now — in every case — linked to money. We’ve tried to negotiate alternative listing deals, but without success. The listing fees we’re looking at are between 8 BTC and 1 million USD. All out of reach for Auxilium Global as a result of not conducting an ICO or similar.
We’ve contacted several funding platforms to inform about IEO (initial exchange offering) or similar ways to present AUX to a large community of crypto enthusiasts in order for us to fund a future top-tier exchange listing. Regular crowdfunding platforms have not been very supportive of the idea to host a funding round for a cryptocurrency company. The main reason was that the cryptocurrency market didn’t fit well enough within the target markets on the platforms we’ve contacted.
We did get listed on an angel investor platform for a small fee. Through this listing we’ve had contact with two people so far of which one is seriously interested in supporting Auxilium Global financially to overcome the exchange listing fee threshold, because he believes in the project and especially the good cause. We’re expecting more information next week.
Additionally we’re still waiting on replies from 7 exchanges (which can take up to 90 days from the beginning of this listing campaign). We’ll do our best to apply for listing on 9 other exchanges the next 2 weeks. This was said last time, but still needs to be done. We simply didn’t have the time. Once also applied to those exchanges it’s a “waiting game”. We then depend on the exchanges replying (or not).
In short: there are positive and negative sides to this story. Having a proper network — like Auxilium Global — gives a lot of insight in the market and necessary steps to undertake. Plus we’ve had a lot of positive comments. At the same time the experience is that the majority of exchanges expect a listing fee up-front, or fees for market making, marketing or other services.
We’re still also open to contributions by community members (contact our co-founder and director Anton Donker via Telegram: @asdaux). It would already help a lot if we could loan a few BTC to fund an IEO or similar offering Auxilium Global a good chance to raise enough funds to pay for a listing fee on a top tier exchange — instead of paying a much bigger sum at once.
Airdrop — Coinkeeper votes
We thank everyone for joining the airdrop linked to the voting competition of Coinkeeper. The goal, and at the same time the requirement for the airdrop to be valid, was to reach the top-20 highest votes to be able to join the Jakarta blockchain summit.
Unfortunately we didn’t make the cut as we became 29th of around 160 projects. See the outcome of the top-20 here: https://coinkeeper.io/news/votingcontestwinners
Coinkeeper will still hold the lucky draw of 30 x 1 ETH for those who voted.
Not a bad score, but other communities (not per se larger than ours) were more active in the voting process.
TrustWallet — mobile wallet listing
We’ve picked up our work on the mobile Trustwallet. We’ve paused it for a bit and are now updating our application. It still needs work.
We’re very well aware that having a mobile wallet — these days — is essential to deal with the great amount of people depending on same. Also being listed on the Trustwallet will open Auxilium to a whole bunch of new users.
We’ll keep you updated as soon as we’ve more news.
Read more, join our socials, and consider buying Auxilium coins (now AUX is still very much undervalued)!