by the Ethershift team
It’s been a little over 11 months since I first thought of the name Ethershift. This year has been awesome, and I’m thankful to everyone that has supported us so far!
As most of you know our Main Sale ended last night. We knew it was a very tough market to raise in, but we managed to hit over 40% of our hardcap. Thanks again to everyone that participated. The remaining ESH tokens in the amount of 1,116,229 will be added to the 2019 airdrop pool.
The final total for the 2019 Airdrop pool is 3,593,495 ESH. The last day of every month in 2019, beginning 31 January 2019, 299,458 ESH will be airdropped to all ESH holders in proportion to the % of the supply of ESH they own.
The 2,250,000 ESH airdrop for those that participated in the token sale will be sent this Friday 21 December. If you participated in the token sale, you don’t need to do anything. They will be sent to you Friday.
As far as our roadmap goes we have hit every target besides the release of an Ethershift wallet. When we finished developing our API a couple months ago we were approached by several multi asset wallet companies that wanted to test our wallet, and work towards full integration. We are currently doing those tests, and are in early talks with other wallet companies as potential partners. We decided instead of developing our own wallet, and competing with these large companies, we can be the flexible service provider that provide services to all of them. We will announce full partnerships with wallets, payment processors, ATM companies, and more in Q1 2019.
In the first half of December we added 20 new tokens, and will add 20 more before the end of the year, bringing our selection to well over 100! We will hit 200 in Q1 2019.
We will launch gift cards on Ethershift on 4 January. You will be able to purchase over 50 different gift cards with any token supported on our site. We hope to expand to 200+ gift cards within a couple months of rolling out this feature. These gift cards will be digital delivery only, and will process within minutes of us confirming your payment.
ESH Exchange Listing Plans
When Binance? Probably not for a while.
As everyone is very aware, the market is in a really bad spot over all right now, and in my opinion will probably remain this way for a while. We had anticipated since earlier this year that we would be in a bear market during our token sale and planned according as far as the timeline for us gaining partnerships and integrating with everyone that matters in this space. Our main focus currently is making partners, and integrating our API with everyone we can.
In a down market like this, no matter how good or bad the project is, their price when listed on an exchange will go down. Currently even large projects with large communities have had such a drastic hit to their trading volume that they’re at risk of being delisted from exchanges. I think it would be irresponsible for our community and ESH holders to list on exchanges right now knowing what the outcome would be, so we’re going to wait for more favorable market conditions before listing ESH on exchanges. If I had to guess, I would say we will start listing on exchanges around six months from now. If market conditions change before then we will will look at listing sooner.
We have and will continue to reach out to exchanges to confirm listings with them, we will just wait for better market conditions before being listed. We are talking to several of the top 20 exchanges.
We will announce anything relevant regarding this as soon as there is more information.
Outlook For Q1 2019
We have been working hard finishing the development of our full backend and front end feature set. We will update the white paper next week to reflect some of the things we’ve been working on, but I’ll go ahead and explain the majority of it now.
We are adding other blockchains (Bitcoin, Bitcoin Cash, Litecoin, NEO, etc) very soon! We had hoped this would be completed by the end of 2018, but we don’t want to rush it, and push anything out too fast so we’re planning for a February release. This will open us up to a much larger coin selection and a much larger audience overall. Since we won’t be doing just Ether based Tokens anymore, we will also be doing a full rebrand, new website, and announcing a new name.
With this release in February we will also open the Ethershift API to the public allowing any company, blog, wallet, etc to integrate with Ethershift and make money as an affiliate. We will be releasing our Scan&Go feature with this release as well. Additionally this release will allow anyone to go to our website, and track our daily volume, and see how much fees are being collected towards the quarterly airdrop for ESH holders in real time. The first airdrop for ESH holders from the 50% of fees collected by Ethershift is March 31st 2019.
If you didn’t catch the announcement last week we have partnered up with 0x, Maker, and NEM for the Picasso token sale, along with Maecenas and John McAfee. We couldn’t be more excited to be working on one of the most interesting things happening in crypto right now, with some of the best projects in the space. We will release more info on this very soon, and the full sale will be in mid/late Q1 2019.
Additionally in Q1 2019 we will aim to:
Announce more partnerships with major crypto projects we’re already in discussion with.
Integrate with wallets, payment processors, merchants.
List over 100 new coins, and 200 new gift cards.