As you may know, we have stretched our budget as far as possible and are very proud of what we have achieved so far with limited funds. Thanks in part to the willingness of our team to work at reduced or no pay, we are where we are today. We are at the verge of getting Bullex out of beta! We expect to launch beginning of August!
In this week's update you'll find an extensive Q&A about our recently released financial report, an update on our BitGo migration, an updated preview of the web shop and announcement of a new team member.
We're migrating our wallets to BitGo, tracking down token changer issues, and we've heard your feedback on releasing the financial report ahead of the full proposal.
This week we have a development update on the recent maintenance as well as a newly revised organizational structure. We're also sharing a few details of the proposal we've been preparing and now plan to release with the financial report. Lastly, we've got a quick update about the token challenge.
Dear DCORP and Bullex community!
We would like to announce to you that we have decided to temporarily update our policy in regard to withdrawals on Bullex.
As we have previously communicated, unfortunately, since the beginning of the Token Challenge we have been faced with a variety of malicious actors that try to make use of our Bullex trade rewards program in an illegitimate manner. These malicious actors have been draining a part of our valuable funds, which are the DRPU available for the Token Challenge and the Bullex trade rewards program. However, this has now come to a point where we feel like it is our duty, also to our DCORP investors, to stop this. We do not want to let the legitimate Bullex users, the DCORP investors and DCORP and Bullex as companies to be the victim of these small groups of malicious users.
Therefore, we have decided to only allow tier 3 verified accounts to submit withdrawals, until the end of the Token Challenge. By doing this now, we believe that we can prevent further malicious use of the Bullex trade rewards. Moreover, we believe that we can even recover parts of the DRPU that were given out to illegitimate users.
Fortunately, we believe that on Bullex we are dealing with mostly legitimate users that are either already tier 3 verified or who will have no problem getting tier 3 verified. Of course, if you are a legitimate user and if you are having problems getting tier 3 verified, you can contact us and we will be more than happy to help you get tier 3 verified!
We hope that we have informed you enough and we wish you all the best!
We've seen a lot of growth on Bullex, but we've also had a few new issues surface. This means we're postponing our grand opening, but you'll still be able to use Bullex in the meantime. Here you'll also find our promised roadmap and a preview of the web shop!
We have heard that many of you would like to have some more information about Bullex's application for CoinMarketCap, so this update will give you a quick insight into what's brewing in Bullex's kitchen.
Thank you for your patience in regards to the temporary suspension of deposits and withdrawals. Our exchange provider experienced a warning of a potential security incident and all withdrawals were disabled as a precaution. After a thorough investigation, it was clear that there was no impact to us or our operation.
Our Token Challenge is live and we're progressing towards our grand opening! A lot has happened in the last two weeks, so this update will mainly be a recap of all that has occurred and a welcoming to all of our new community members.