2022-08-15 14:55:04
It has come to our attention that our community would like some information on the recent listing of VAB within MEXC assessment zone. Over the past 2 weeks we have been activity working with MEXC to resolve these issues.
What is the Assessment Zone?
The assessment zone is an area within MEXC where their analyst team monitor tokens who are yet to have a product. Tokens without products tend to be more of a high risk asset on exchanges therefore MEXC want to quantify and verify that VAB token has:
Sufficient Volume and Liquidity
Is in demand by MEXC users.
What happens next?
We have been activity implementing new MM services and strategies which is reflected in order depth and volume. We speculate that we now meet the requirements to be moved OUT of assessment zone based on this data however nothing has been confirmed by MEXC themselves.
After the countdown timer ends on Friday 19th of August , the VAB token will be subject to vote by MEXC users. This vote will determine if it now satisfies the requirements RE volume/liquidity and if users have demand for the token.
IMPORTANT!! If you are an MEXC user, we would greatly appreciate the support and vote in favour of retaining the VAB token listing on MEXC ONCE THE TIMER ENDS
Why has this become an issue?
When we initially launched (listed) the VAB token it was based on a community vote. In house, we had been in favour of holding back listings until we were product ready. In hindsight and knowing what we do now, we more than likely would have postponed the listings until at a minimum alpha, if not beta.
There are two reason for this:
1. Our focus is on product first. I have been yelping about product first from the very first AMA. Product. Product. Product = Utility. Utility. Utility. = Demand. Demand. Demand. All our time and focus is on product, as it should be.
2. Our focus has been on product, we are not actively seeking listings nor have we been maintaining markets. This isn't due to a disbelief in the token, it is quite the opposite, we will actively seek listings and maintain markets when we have a FIRE product behind us which will deliver the very best results from such activities.
3. We are actively working with U.S based legal firms to secure our U.S Legal Opinion which will allow us to onboard U.S based people. Our U.S memorandum is being prepared based on our BETA release (YOU MUST have a product. Token UTILITY is key). Once completed, it will be present to the SEC for vote.
Running a business
For start-ups, it is VITALLY important to reduce capital burn rates AND make longer term financial decisions so we can be here 5 years from now. Should we invest time and resources into markets without product, we may not be here 6 months from now, never-mind 5 years. What good would that do our community or us or Vabble as an integrated part of peoples lives?
Running a business is pretty straight forward. Maintain a low capital burn rate providing room to execute (time) until your product income exceeds your burn rate at which point you may then increase capital burn on such things as marketing, listings and more. If an investment comes in from the likes of a VC, then your burn rate can increase while you retain the room to execute (time)
Unfortunately, for many crypto projects they have all the above upside down. They raise financing, turn on the capital burn machine like dumping it into the devils fire pit, funds dry up, they reduce their room for product execution to less than 6 months and that's it. They are finished. Some don't even make it past the first quarter. Their efforts of burning all that cash up in hopes to drive demand and become the next golden goose, fails. Some don't even last a week into the bear market.
However, we are still here with enough treasury to execute on all that was laid out on the road map and to withstand a bear market. This method will allow us to be here with a product in the next run at which point we will see an increase in demand for our product, for the project and everything associated with it.
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