Dear Kakushin community,
As the market was in a bearish trend during our entire crowdsale period, we have made a difficult but necessary decision to extend our ICO. After many suggestions from token holders and consultations with project advisors we have decided that it is in the best interest of the project to extend the ICO by further 45 days commencing after initial end date on 30th of june 2018.
The recent fluxes in the crypto market took a toll on the value of Bitcoin, Ethereum and many other cryptocurrencies and the celebratory phase came to a major halt. This, following a series of other such unfortunate events, held the interested stakeholders from investing in Kakushin ICO, which is denominated in fiat exchanges instead of cryptocurrencies. For example, 1 ETH is equal to 1000 tokens, but if ETH drops by 50%, you get only 50% of the estimated tokens.
The community and supporters of the Kakushin have brought this matter to light and Kakushin has taken note of the same. Given the current volatility in the markets and the increasing demand for KKN tokens, the Kakushin’s management team has henceforth decided to extend the sale period.
The ICO will be extended by 45 days after initial end date to have time to continue marketing & pursuing investments/partnerships.
As the market is gradually recovering from massive price declines that were experienced in Q1 2018 and investor confidence is slowly creeping in. We believe this extension in the current market uptrend will help us achieve the aim of the ICO.
New ICO end date = 15th August, 2018.12 Noon UTC.
We say a big thank you for your understanding and support up until this point and beyond.
Website: www.kakushin.tech
Twitter: @kakushineco
Telegram: https://t.me/kakushin
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