Subject: change of strategy, launch/swap “around the corner”
Date: 1st of June 2018
Dear Auxilium Community,
Our PoS implementation while mostly complete, is not yet up to scratch and realistically requires many more months of testing and bug fixing before we’d feel comfortable launching it onto a MainNet.
It goes without saying that the PoS code and implementation needs to be flawless, stable and reliable at launch and we’re just not there yet.
This leaves us with a dilemma as we’d like to get the ball rolling, get the swap happening and get the organisation up and running. We’d like to start the movement, start helping others.
On top of everything else, we have been working against the clock to protect the Auxilium brand and feel we can wait no longer.
We have decided to launch Auxilium using PoW to start things off. While not ideal and certainly not totally aligned with our philosophy, it’s a start at least and gives us the opportunity to gradually get familiar with the market, grow our community, build a network and start working on use cases.
In order to offset the use of PoW which is not as green and environmentally friendly as PoS, we are planning to plant trees, parallel to block creation on the Auxilium blockchain at least until we switch to our PoS implementation.
We’re still working on getting our PoS implementation finished and when we feel it’s ready, we will open the TestNet up once again to the community for final testing and once complete, we will initiate a transfer of all community members from Auxilium PoW, across to Auxilium AEPoS.
So, where does this leave us all?
We aim to start swapping Sprouts for Auxilium on our swap platform on the 21st of June 2018. The swap period of three weeks will last from 21st June – 11th of July 2018. At the same time as the swap commences, we will initiate the exchange listing process.
We have created a thread on the forum for those who have questions (about the swap). We will do our very best to answer all questions within a day. Please try and direct all questions to this thread only.
We appreciate your patience and are very grateful for your continued support. Thank you!
announcement Auxilium swap.pdf (59.3 KB)
timeline swap Auxilium.pdf (37.7 KB)