Greetings seasoned Crodexers of #CROFAM and new comers! Here we are, back to publishing thrilling articles, starting with a brief on how we have been navigating through bear season and preparing for a bullish future. We have put a full roadmap for the bull season ahead somewhere in the article, so better not skip forward.
As the cryptocurrency landscape continues to evolve, projects like Crodex have had to navigate the challenging waters of the bear season. During this period, we witnessed a significant downturn in token prices and trading volumes, a common trend across the crypto market. This has understandably led to a more cautious approach from investors, resulting in reduced liquidity and a slower pace of development for many projects, including ours.
For Crodex, retreating to our core team during this time was a strategic decision made for several reasons:
- As a project not backed by venture capital, it was imperative to preserve our humble reserves.
- We encountered challenges with outsourced development, necessitating a more focused approach.
- Ensuring the smooth and stable operation of our platform required careful financial management.
- Our core team, driven by belief in Crodex, continued to work without a fixed income. However, they also needed to sustain their livelihoods, which meant they couldn’t dedicate all their efforts solely to the project.
However, it’s crucial to note that these periods of consolidation are not just about survival but also about preparation for the future. With the anticipation of a new bull season, we expect a positive shift in these dynamics.
During this quieter development period, we engaged in an incubation venture, gaining valuable insights and experiences that we are currently refining. We’ve been analyzing markets and new projects, scrutinizing technologies with a keen eye. Our plans are many, with some set to be implemented immediately and others aimed at long-term growth.
To bring these plans to fruition, we’ve fixed a new working model:
- A power-incubation model where our core team will lead, but independent developer teams will carry out the development. These teams will not be directly compensated by Crodex but will earn their rewards based on success, akin to a startup.
- Crodex will provide modest financial support, technical assistance, and platform support to these projects.
- We will exhaustively study these projects in attempt to assure they are secure and do not harm investors.
- This approach aims to accelerate development and update processes.
We are already in discussions to implement this model, which we believe will allow us to grow and evolve more rapidly.
In addition to these new initiatives, we will continue with core developments. And finally, here is a full roadmap involving all our plans for 2024 and onward!
Feeling overwhelmed? No worries, we will keep posting articles in succession to reveal the details of the projected developments in the roadmap. We refrained from setting exact dates but this definitely doesn’t mean we are in a slack mode.
A few immediate project announcements are coming in hours, days and weeks!
Also, keep this roadmap in mind and stay tuned; we will perpetually keep track of this roadmap and update it with every step on the way.
In conclusion, while the bear season has been a time of reflection and consolidation for Crodex, it has also been a period of strategizing and planning. As we look forward to the upcoming bull season, we are optimistic and ready to execute our plans, driving Crodex towards a brighter and more dynamic future.
Once again, make sure you are tuned for updates, and thank you for your continued support and belief in Crodex.
Stick with us, the journey is fresh as ever
Crodex Team
