Burn of 800 million Jimizz!
Posted on May 27, 2024
Posted on March 30, 2023
Release of vesting options, release of the marketplace, communication, changes within the team and short, medium and long term direction, we give you a summary of the news around Jimizz
Release
March 29th was the expiration date of the lock of the tokens of the ICO option 1, bought at $0.003. Logically, this led to a sell-off that caused the share price to fall by 23% in the last 24 hours. The ambassadors' contracts also provided for a release of the tokens on this date and it is important to note that the vast majority of these ambassadors decided to keep their tokens, proof of their faith in the project. Faith shared by the holders, there are still 92,207,038.37516670 JMZ stored on public campaigns and 37,088,709.84141350 JMZ stored on special campaigns.
Marketplace
As announced in recent months, the marketplace is in the final stages of development and should be released at the end of April and beginning of May. The technical part is almost finished, except for some details, and the focus is now on the creative part, i.e. what NFT collections will be presented. We can already announce the space collection, that is to say the objects that were sent into space at the end of 2021, as well as a modern version of the famous Golden Hot statuettes. The rest remains a secret and will be revealed as we go along.
Changes in the team
Jean joins the team and will bring a different perspective to the project.. Beyond his skills in Community Management, Jean is a convinced cryptophile, a chartist from the beginning. He will be present on the Discord to act as a relay between the moderators and the community and will take over the management of the various social networks.
Short, medium and long term
In the short term, communication on the networks will resume immediately, in order to inform you about the NFT collections that will be released soon. The collaboration with T18 will also become a reality and Jimizz will have its own land on the platform. It is important for us to establish relationships with promising projects from the very beginning and we continue to do important monitoring work in this area.
More generally, the Jimizz strategy in the medium and long term remains unchanged. We refuse to burn cash, especially when it comes to ICO investors' money, for actions that would have little impact due to the Bear Market and the current disinterest around crypto-currencies.
But we remain convinced that a crypto-currency designed by and for adults is of paramount importance and the project remains one of the most important in the J&M Group.
Unlike other crypto companies that are pressed for cash in order to survive, we are in a strong position and are not strangled by financial emergencies. We can therefore look at the future of the project with serenity and a high level of vision so as not to give in to hasty decisions.
Rest assured that we will do everything that is written in the WhitePaper and look forward to favourable market circumstances to make new investments that live up to the project's potential.