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The markets are starting to look up now. Are we at a turning point? Let's see how the following week play's out. In any case we continue to move forward building the game and looking at the next CEX or DEX we are going to put the CHMPZ token on.
As we said before, we want to make this a self sustained project so we do not rely on market conditions as they can change so quickly in this market.
Here are some of the CEX's we are considering. Some of these we are still waiting on and due to the current crypto climate we want to make sure that they are able to weather the storm as we have already seen some much larger exchanges close.
Lbank
XT
Weex
Biconomy
Coinstore
Poloniex
CoinUp
Zoomex
Here are some Dex's we are also considering:
Uniswap
Sushiswap
1inch
We understand that this process is taking a bit long but due to the summer vacation season which is ending soon and that fact that we are being extra careful due to the state of the current crypto market we rather take our time and make sure we have a good solution than rush and have to go through this all over again.
Tomorrow we are going to give another update on how things are progressing with the CEX or DEX we are going to list the token on.
The continued down market is putting strain on many exchanges right now so we are carefully assessing them during this tough market.
Right now we are still waiting on some people to come back from vacation as we are in the heart of vacation season. The game development is progressing nicely and next month we will be able to share a new update on the game.
The game is a big under taking and we want to make sure it is done right. We want to make Chimpzee not dependent on the movement of the crypto market as it is still currently very volatile.
We received news today that Bitmart was going to close down. So now we are looking at options that our team is going through. This has no effect on us moving forward as we continue to build the game. What this does show is how projects need to work toward becoming self sustained and have an ability to generate revenue and that is what we are working on.
It is unfortunate that this bear market has claimed another exchange as Bitmex also announced that they are closing down in September. This is why the exchanges push projects to market so they can generate the trading fees they need to survive. When projects pull back their marketing to wait out this bear market it has an adverse effect on smaller exchanges.
This is nothing new as other bear markets have claimed even larger exchanges. We keep moving forward and will work out a solution regarding this recent news. Thank you for your continue support and understanding.
As the crypto market is still trying to find its footing we continue to build through it as we work on the game! We want to build an eco-system that is not dependent on market movements.
The crypto market has crashed yet again and continues to be down, flat or non exciting. This is why during this time projects either focus on building or do not survive the market cycle. We want to make Chimpzee a self sustained project not dependent on the market. We continue to build the game!
Chimpzee continues to move ahead in these uncertain times in crypto. You have macro economic head winds, flat and volatile crypto market since last October huge crash and little forward momentum at this time. This is why we remain focused on building the game and working on have our project become self sustained so it does not depend on market direction or movements later.
Another week and crypto may be looking up with the passing of the clarity act around the corner. I guess we will see what impact it has on the crypto sector if it passes. Until then we keep focused on building the game and moving forward.
As there is still quite a bit of instability in the world and high volatility in the markets we continue to move ahead and work on building the new game.
We want this project to become self sustaining and not dependent on the movement of the market. This is what will create a lasting project that will help organizations in need while benefiting those that participate in the eco-system.
We are going to start work on a coming soon website for the game that will give information on how to play it when it is ready. This website will also be a living website as the information may change on it as we build the game, add in new features and make adjustments and changes.
Welcome in March and soon we will bid farewell to winter and see that start of spring.
As the world seems chaotic and markets are highly volatile we continue to remain focused and keep building.
The crypto market seems to be recovering from many days and weeks of a down trend. We will have to see if this is the start of a trend reversal or just a short blip and back down again.
While the markets continue with their volatility Chimpzee is preparing to work on creating the game!
We are now in the process of creating a schematic for the new chimpzee game and in a couple of weeks we should have an idea of what we need to do and the development milestones we are are going to set as goals.