Good evening everyone and hope you had a great Sunday.

UPDATE on the joint marketing promotion with Axion and their MaxStaker Program.

We would have liked to have this exercise finalised much earlier but our legal teams have been working round the clock with their counterparts in several jurisdictions and we depend heavily on their direction before anything gets executed. It is for this reason that we invested in having not one but 2 legal personnel on the payroll to ensure we not only do everything above board but also in a proactive manner where possible.

Even though this initiative is entirely discretionary and promotional, we do apologise for the delay in finalising this initiative as we would have liked to stick to the timelines given from the start but these are new initiatives for us and we are learning as we go along, adapting along the way and always making sure we are compliant with all the rules and regulations of the various jurisdictions. We are here to make a positive difference to the industry and the financial system bridges and not to challenge, disrupt or upset any regulator or authority in any jurisdiction so we must respect the guidelines and rules and regulations at all cost and at all times.

The reality is that several hundred people who showed interest in the campaign are not eligible as they fall under the “individuals in the prohibited country list” section and we categorically cannot and will not engage with individuals from the prohibited countries list, which list includes the USA and others but is not limited to: Albania, Belarus, Bosnia, Burma, Central African Republic, China, Democratic Republic of Congo, Democratic People’s Republic of Korea, Cote D’Ivoire, the Crimea region of Ukraine, Cuba, Egypt, Herzegovina, Iran, Iraq, Kosovo, Lebanon, Liberia, Libya, Macedonia, Moldova, Pakistan, Somalia, Sudan, South Sudan, Syria, The United States of America, Venezuela, Yemen, and Zimbabwe.

Moreover, unfortunately the basic details collected in the “Participation Interest Form” were not deemed as sufficient by our internal compliance teams, so for all those that were originally screened to be eligible, we have been requested by our legal teams to retrieve more details and perform a due diligence exercise on each eligible participant from the non-prohibited country list before any distribution takes place. As a result, we will be communicating the extended measures to these individuals in due course and coordinating with the internal departments to deliver the report as requested by our legal department. In retrospect we should have been more proactive and asked for the enhanced information from the get go but we are where we are and we will learn from this too.

We cannot give an indication right away on the new date of finalising the exercise but our marketing team will be working on this first thing tomorrow morning and as usual we will communicate in due course when there are updates.

It is amazing seeing soo many thousands of individuals showing interest and the count of holders growing in our project, which is literally only 1 month old in this space and it gives us courage and motivation to ensure we continue on our delivery path.

We would not like this exercise to divert the focus of our teams who are working hard on the Sekuritance Solutions. We understand that there will be individuals who might be disappointed at their ineligibility or annoyed at the delays introduced but your support is greatly appreciated. Our teams are working on all front to ensure the success, longevity and growth of our community, product embracing and new audience introduction. We operate in the RegTech and RiskTech space and our vision is to become the number 1 goto aggregated portal for such solutions worldwide and cross financial realms, for both corporations and individuals alike.

Wishing you all a great week ahead.