|[NOTICE] The Cause of Delay in Listing on UIOEX Exchange|
Greetings from the GemmyCoin(GMC) team.
We are sorry to have delayed listing of UIOEX which was scheduled on December 12
Please understand that this delay has been reached to a final decision in consultation with UIOEX, in order to protect all investors in a bearish market.
The GMC project team has discussed with UIOEX, in regards to final air-drop supply and listing price etc., before the listing date. However, during the discussion, we have all agreed that it is required to monitor the market situation for a certain period and then proceeded the listing, as purpose of protecting both GMC investors and UIOEX members against current downstream market (Other exchanges including BitMart are on same page as well)
The tentative solution was to release a very low level of listing price with large volume of Airdrop, which would be a ruthless action of destroying the GMC value, as well as no guarantee positive results. According to the both UIOEX and experts, we hardly defend the price with any favorable news.
We are sincerely sorry to change the listing date, even after the listing notice on December 12.
However, after careful consideration, we decided to delay the listing date, because the action taken with a word – ‘it is a case of a summer insect fling into a flame to death’- is not beneficial to anybody just as purpose of avoiding criticism from investors. Please earnestly understand and respect our decision.
A crisis can be an opportunity.
Now, a variety of news saying that lots of ICO projects are temporarily closed have been released.
There is a word saying that coins (tokens), scattered in crypto market with down streaming trends, will enter into cleaning-up which would be a natural procedure.
GemmyCoin (GMC) is a reverse ICO coin, as well as the music contents distribution coin officially recognized by the Recording Industry Association of Kore (RIAK). GMC does remain enough satisfying initial expectation from investors and the coins still activated by actual businesses. We will not disappoint investors.
Now, GemmyCoin (GMC) has entered into the listing contract with UIOEX and BITMART Exchange and additional listing with other global and Korea’s crypto exchange is still under discussion.
We always wake up and get ready to proceed this listing with a best timing
We will keep you informed of the progress of GemmyCoin (GMC) project.
From the GemmyCoin (GMC) project team December 7, 2018