KuPay Strategic Delay

As previously announced in our medium article, KuPay will be undergoing a strategic delay on token launch for the bear market. We have been doing our research and the vast majority of projects currently launching in these conditions are facing serious issues with devaluation as the natively paired tokens are dropping in value. For us, we prefer not to have our investors spend their hard earned funds to watch the overall market conditions pull the value of their investment down. However, we want to get community feedback on when we should move forward.

To do this, we decided the fairest method would be a two prong approach where we balance a date versus a threshold voted upon by the community. The date is set to May 1st 2023, so now it's time to decide the value.

Value will be based upon the crossing of a certain USD marker for BTC, as BTC still majority controls the movement of the overall crypto market. (For now). We did some internal discussion and came up with the following criteria for voting.

BTC greater than equal to $25,000 BTC greater than equal to $30,000 BTC greater than equal to $35,000 BTC greater than equal to $40,000 BTC greater than equal to $45,000

In the event that BTC crosses the voted upon threshold, KuPay will begin staging the launch of OrkSwap with KuPay token launch taking place 3 days after. This will require 4 weeks after the threshold is met to give appropriate time for marketing the products.

The following is the NFT value break down for weight in voting:

BiOrks 100 votes each KuOrks 60 votes each BabyOrks 2 votes each HDMC 2 votes each

Voting will begin Friday December 9th 2022 @ 2pm UTC and will last for approximately 2 weeks to allow for maximum voter turnout.

We understand this isn't the news you want, but we feel its the right choice in these terrible market conditions influenced by back to back negative news.

Thanks for your patience and understanding, -Team KuPay