Recapping Milestones

The Kreds Project 2019 Statement

Authored on Jan 1st, 2019

Kreds was launched in February 2018 with the goal of building an ecosystem for our digital currency. We believe that everyone would agree that 2018 has been a tough year for cryptocurrencies as a whole and unfortunately Kreds has also been affected by the protracted bear market which dominated 2018.

However, we wish to recap the milestones we have achieved during this year and detail our plans going forward. In 2018 we achieved the following milestones:

We believe that these milestones are proof of the dedication and tenacity our team brings to the table and that we’re in this for the long run and won’t be dissuaded by the current state of affairs. The 2018 bear market made things difficult from us because it prevented us from leveraging the Kreds coin to hire an additional developer in order to speed up development of our plans. In addition to this, two of our founding team members, Bjorn and Lobos, both faced (and are still facing) difficult times related to their families so our focus has not been as sharp as we were hoping it would be. In addition to this, some people which had initially joined our team simply didn’t work out the way we expected and we have had to make the difficult decision to sever our ties with them. All of these issues add up to the fact that 2018 has been a much more difficult year for us than we initially expected but we wish to reassure everyone that we are still here and still doing our best to pivot the Kreds project into a position which will bring it the success our community expects.

Now that we have recapped on the past, allow us to focus on the future and detail what we have in store:

We hope that the summary of our achievements and future plans reassure the Kreds community that Kreds is being actively worked on; that we have plans for future development which warrant the support of the community and which have the definitive potential to infuse capital into the Kreds ecosystem and reverse the downtrend of 2018.

Lastly, we wish to thank the community for the support it has given us so far and hopes that together we can bring the value to Kreds we believe it deserves. The fact remains that a great number of projects in the cryptocurrency market have nothing other than a vague roadmap and we hope that our focus on delivering shipped products/websites will eventually help distinguish us and gather the recognition the Kreds project deserves.

Yours,

-The KredsBlockchain Team

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