With the successful completion of our ICO, we have received a very positive and amazing response from our investor community.
On behalf of the entire Peculium team, we want to thank you for your support, enthusiasm, and kind words. We also want to express our deepest gratitude for waiting patiently until we get listed on exchanges.
“We have great news to share!”
Most of the ICO investors are early adopters of crypto and therefore, they are likely to be more tech-savvy, knowledgeable. With that said, we received significant feedback from the community about the difficulty of the defrosting procedure.
Therefore, something needed to be done about the defrost function.
Please understand that the freeze/defrost function was absolutely necessary to protect the investors and Peculium platform during the ICO phase. Without the freezing PCL in place, short-term private investors, who had no real interest in Peculium, could have simply sold PCL immediately to make a quick profit, which would not have benefited anyone else.
“Protecting our investors is our priority”
Furthermore, PCL is designed to be a savings token, and we expect it to be held on the wallets for longer periods of time. So freezing PCL was a strategic option and provided an additional layer of security.
With that all in mind, we have some Great News to share!! We have decided that we will update older PCL tokens with the new PCL tokens.
“Update it !! The new PCL-token does not need defrosting”
The new PCL will not have the defrost function, so you will be able to move the tokens without defrosting. This will lead to a faster listing on the exchanges, lower fees for the deposits and withdrawals and an overall much easier experience for our investors, buyers, and traders.
“The new PCL token contract is almost ready”
Just like the previous smart contract, the new PCL smart contract will be publicly available in the coming week. We are finalizing the mechanism to update the tokens. It should be tested and ready to be released in the coming week.
A detailed tutorial, “How to update your PCL Tokens” will be released soon.