Roadmap Progress :: ICO Update & IMU on Switcheo Exchange
We got two updates for you!
Some might know us as not just a music community on Steemit. We are more than that. Actually, we are way more than that.
We are an award-winning music platform that reinvents the global music industry in order to liberate music makers, music fans, and music entrepreneurs. We help you find your creative voice, build a loyal following, discover great music, and reward your contribution to the new global music economy.
We are a company on our own and with the use of the NEO blockchain we are able to help our musicians. This is all with the help of our platform, where musicians and fans are able to find, listen, upvote music and earn our IMU tokens by doing so.
This means that we also have some updates regarding imusify itself and we'd like to share that openly with Steemians too.
NEO’s NEP-7 Token Update
NEO announced recently that they will release a new token standard: NEP-7. Having this new NEP-7 will allow NEO smart contracts to automatically execute operations on the NEO blockchain, triggered by NEO or GAS transactions.
What does this mean for imusify?
Since we are using NEO Smart Contracts, this is quite a big deal for us as the NEP-7 update will significantly enhance the safety and convenience for people contributing with NEO or GAS.
This is a huge step forward for the entire NEO community, but does present certain limitations for ICO smart contracts that will be live when the NEP–7 deployment does occur. While NEP-7 will add new functionality and flexibility for all smart contract transactions on the NEO blockchain and NEO tokens, the transition from NEP-5 to NEP-7 requires some extra precautions to be taken by all NEO projects conducting token sales in the near future.
In order to accommodate for these updates and to fully mitigate any risks, we will postpone imusify’s token sale for one month.
This means that our ICO will begin on 1 August, 2018.
The token sale timeline is still of the same duration and discount structure, but will begin on August 1st, 2018.
We are making the best use of this time to finalize several strategic partnerships before our launch and will be announcing some exciting events with NEO as well as other partners in the upcoming weeks.
If you’d like to review the detailed information about imusify’s ICO and token economics, head over to our ICO Documentation.
imusify x Switcheo
More exciting news! Our IMU token shall be listed on the Switcheo's decentralized exchange at the conclusion of our token sale. This allows our contributors to freely exchange and trade their IMU tokens!
We will be announcing more exchange partnerships in the coming weeks but for now, rest assured that Switcheo has you covered!
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