Polylastic: New and Noteworthy
It has been a whirlwind start for Polylastic; from our storied beginnings and directly into a bear market cycle and beyond. It has been fraught with challenges whilst behind the scenes, there has been a great deal of development, iterating and steady progress.
Over time, the vision has been revealed in pieces, some would say fragments and this was somewhat by design as well as necessity. We are more bullish than ever on the future of systematic investment plans in the realm of blockchain. The inflow of crypto investors, both institutional and retail along with the steady adoption of crypto on the whole, speaks to a growing need for “plug and play” style contribution. We have not faltered in this regard and our end game has always been to create a token utility that rewards the assets and communities of the tokens we aspire to support.
At no fault of our great community, we had to remain tight-lipped about some forthcoming changes which we believe to be bullish. The project has continued to evolve and iterate, engendering changing needs and additional resource requirements. Polylastic will forever be a work in progress and continue to evolve but at this juncture, we’d like to share some upcoming news and deliver some overdue information.
The upgrade on Kucoin — we have requested they upgrade directly to Version 3 as the V2 upgrade is still pending. We are working with Kucoin to make the upcoming upgrade to Version 3 as seamless as practically possible and are confident that we will gain community support on the upgrade.
Timelines — this has also been a source of frustration for us and our lack of communication is certainly not a lack of consideration to you. There were simply too many moving parts at any given time and we determined that in the short term, no news was preferable to potentially inaccurate news. Management realizes the mistake herein and will take corrective steps to ensure that a better flow of communication is provided.
Overall: We are continuing to work with a top-notch agency along with inhouse development and a number of independent contractors, however, we are adding additional resources as we near launch. The aim is both to fast track development into launch as well as to have necessary eyes on the post-launch working product. The overarching theme here is that the continued evolution of Polylastic should be relatively seamless and expeditious.
Product: The product development itself has been steady and although we’ve made upgrades and changes, it has remained on course. It is not a contract that once deployed will remain static. We plan to add features and functionality to optimize the market offerings as well as the POLX token. This is, for the long-term, our most important consideration and will remain firmly affixed in the crosshairs of our focus. Our initial consideration was to put more resources on the project and so we did. The result, while not problematic or redundant, slowed things some as each new party needed to be apprised and brought up to date in order to move forward. The net result is something we are quite pleased with.
Rewards: As we come close to revealing some really exciting developments, we wanted to reward our loyal holders in the interim. We have decided to extend staking for an additional month while creating our product. This building of the ecosystem requires a sustainable level of volume for the taxation in order to provide a level of yield that can be deemed adequate.
Personnel: At this point, we are nearing beta launch and the additional people power we’ve deployed are now in stride and sync. We were very selective in narrowing down the talent for the new Polylastic and are proud to announce the following additions to the Polylastic team.
Meet Our Newest Members:
Director
Brandon Xavier is a business entrepreneur and inventor, with a background in finance. He has a passion for blockchain technology and predicting market trends, having applied his experience and knowledge to several projects in recent years. He is very excited about strategizing with the team and using his skills to help see Polylastic to its full potential within the growing sector of systematic investing.
Director
KD Likakis is a highly experienced marketing and finance expert, with a love for all things blockchain. He has been involved in many successful projects within the realm of cryptocurrency and brings vast experience with him to the Polylastic team. He is looking forward to implementing his skillset to help fuel the growth of this project.
Director
Niko Sairanen has an extensive background in software development, graphic design, and marketing. He has been involved in the cryptocurrency space for over 8 years and has worked on multiple successful blockchain projects. He has coded for some very successful companies across multiple blockchains. He is excited to bring his subject matter experience to the Polylastic team.
Finally, we would like to offer our community an apology. Due to a multitude of reasons, we were unable to reveal more information about what was taking place behind the scenes. At this juncture, we would like to thank Sunil for his unwavering support and contribution towards Polylastic thus far, as he takes on a new role as an advisor to the project. Sunil was a true catalyst for Polylastic and remains the embodiment of an ecosystem champion. His passion and fervor for the project has been unwavering and will continue in this stead. While some may resort to conjecture regarding the specifics, we’d like to emphasize that this is something that was collectively decided in respect to the natural progression of things. The reality is that we all serve the project above ourselves and must collectively determine the best course for it. Unfortunately in crypto, everything is under scrutiny, for right and wrong and we assure you that everyone involved thus far has only had the best interest of the project. We would once again like to thank Sunil for his patience, and contributions towards Polylastic, and are looking forward to everything that’s to come.
