2024-06-11 17:19:34
Dear VEXT holders and community,
You may have noticed a significant decline in our chart. I wanted to reach out to explain
WHY this has happened and
WHAT we are committed to doing to rectify this situation.
As mentioned consistently, VEXT is here to stay, and Veloce, our group company behind the token is fully committed to achieving success. We are relentless in our efforts and will not stop until we make it happen!
Reason for the Decline:In short, we have previously engaged with some bad acting partners who have suppressed VEXT's price. Despite our relentless efforts to mitigate sell pressure, our project has taken a significant hit. It's important to note that founders and core investors in the project have not been selling.
Current Status:We have now moved past these sellers. This gives us the opportunity to steadily deploy resources and strategy to recover our price. The refined team behind this operation has all the necessary tools and resources.
Our Plan for Recovery Token Buyback We will begin buying back the token to regain positive momentum. We are committing a minimum of $500,000 over the next 6 months to achieve this and will commence once the market conditions are favorable. With a view to target $1M over the same time frame.
New Partnership Announcement We have an exciting strategic partnership to announce alongside this plan commencing.
Marketing Budget Deployment We have a substantial marketing budget ready to deploy, with multiple T1 KOL's already paid in full. Once we feel the market is in a better position, we will launch this marketing push.
Partnership with Leading Economists We are commencing a partnership with leading economists from the crypto space to enhance the asset's value.
Building Our development team continues to innovate, providing an enhanced user experience and further engaging utilities within our dApp. Our mission to onboard our 32 million web2 users is a firm commitment and ambition for us.
Persistent Efforts We will keep pushing until we see significant recovery.
Our Commitment We are in this for the long haul and are very confident that VEXT will rise!
Thank you for your continued support, we just ask for your patience as we navigate this journey. Together, we will overcome this challenge, rise and emerge stronger.
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