Q1 2019 - Completed
Q1 is now complete. It’s amazing how quickly three months have come and went. When we look back, we can see that we have accomplished many things and are proud of what we’ve been able to do this last quarter. I know many of you would like to see much stronger market action or bigger leaps, but remember that we’re in a marathon and not a sprint. Our goal is organic growth, not growth by hype and shill. When compared to many other projects in the market, we truly feel that Ondori RSTR is one of the more underappreciated projects that are out right now. Having accomplished as much as we’ve done thus far, with much more to come, it’s remarkable that RSTR is sub-satoshi at this moment.
This last month we knocked out the remaining items we had listed as our goals for Q1 and completed what we set out to do. Let’s have a quick recap of March.
Android RSTR Mobile Wallet
The Android RSTR mobile wallet was released in March with success after much anticipation. With an easy to use UI that is pleasing to look at, the mobile wallet allows you to easily share RSTR with those around you. We will continue to build off our mobile platform as we move forward. The iOS RSTR mobile wallet will be an updated version of our Android. We urge those of you that have the ability to download the wallet to please use this as an opportunity to share our project with others. Your participation is important to our growth.
Download the wallet today: https://play.google.com/store/apps/details?id=io.rstr.android
Ondori RSTR Lightpaper
The Ondori RSTR Lightpaper was released to make it more convenient for anyone to find out information about our project with a quick look. Not only this, but you can easily print and share the RSTR Lightpaper with others. Mass adoption will not happen on its own, so please be sure to take this opportunity to be proactive and share our Ondori RSTR Lightpaper.
If you haven’t already, please be sure to take a moment and read: https://www.rstr.io/files/rstr-lightpaper-v1.0.pdf
We partnered with StakeCube in early March so that we could give our community an opportunity to not have to try and stake alone. Earning stakes by yourself can be very time consuming and isn’t that energy efficient, and depending on how much you hold, you may not receive rewards as often as you’d hope. Our partnership with StakeCube now allows you the opportunity to pool your RST with others so that reward times can be cut short. Working with others to stake can earn you higher rewards than staking by yourself. Regardless if you hold a lot or a small amount of RST, you will still get rewards from the pos-algorithm.
In addition, StakeCube offers an airdrop reward program where you get coins without actually having shares or instruments in the coin they are airdropping. It's a good opportunity for us as a project to be able to have more exposure to others that may not have been interested or known about us before. StakeCube has a large community base with many users using their services. This is a great opportunity for others to try Ondori RSTR for themselves and join our community.
If you are interested in learning more about StakeCube and their services, please visit the following links:
On March 24th, one of our partner exchanges, DragonEx, was hacked.
On March 24th, DragonEx has encountered attacks from hackers, our users’ crypto assets and Platform crypto assets were transferred and stolen. Part of the assets were retrieved back, and we will do our best to retrieve back the rest of stolen assets. Several Judicial administrations were informed about this cyber crime case including Estonia, Thailand, Singapore, HongKong etc. and we’re assisting policemen to do investigation. All platform services will be closed and the accurate assets loss recovery situation will be announced in a week. For the loss caused to our users, DragonEx will take the responsibility no matter what.
March 25th, 2019
Thankfully, RSTR was not compromised, but all activities were suspended as the exchange was put on a freeze. The most recent update by DragonEx is as follows.
Dear DragonEx Communities,
We sincerely appreciate your support and understanding in the last ten days, which brings DragonEx team great confidence and trust to face the challenges. After making efforts day and night, DragonEx will reopen trading service, and before that DragonEx will help to cancel some orders whose prices violated a lot.
April 3, 15:00 (UTC+8) Open Deposits&Withdrawals for DC
April 4, 15:00 (UTC+8) Open Trading
April 7, 15:00 (UTC+8) Open Deposits for USDT, BTC, EOS, ETH and ERC-20 Tokens
April 8, 15:00 (UTC+8) Open Withdrawals for USDT, BTC, EOS, ETH and ERC-20 Tokens
Due to synchronization and security examining for hot wallet and cold wallet, DragonEx will open deposits and withdrawals for other currencies gradually and no later than April 30th.
BleuTrade RSTR/ETH pairing
Last month we were able to start getting things back on track with BleuTrade. We made sure to settle the wallet maintenance issue on the BleuTrade old site, and also had the opportunity to open RSTR/ETH pairing. Since then, BleuTrade has made an update to their exchange with an easier to use and refreshed looking user interface. We definitely would like to see more activity on their exchange, so be sure to drop in and check it out. Also, take a moment to share and invite others to sign up to begin using BleuTrade today.
We now begin Q2 and it’s important that we let you all know that we are approaching a time of year where many will be preparing for their summers and making plans to spend time vacationing or spending it with family and/or friends. It will slow down, so do not be surprised.
For more than a year the team has been working 24/7 to ensure that we do everything we can for Ondori RSTR. A lot of personal time and money has been invested. That said, with the summer approaching, we will be taking advantage of this period to attend to personal matters and obligations that took a back seat to make Ondori priority above everything else. We will still continue to produce with the time available and work to continue to expand on our team moving forward, but this is an “FYI” (heads up) for the community that we did want to ensure was communicated with you all.
As we move forward, it’s very important to keep in mind that we as a project cannot do this alone. More often than not there appears to be this mentality that the project is solely responsible for the success of all its investors, but that is completely mistaken and foolish to think. We are not some 'Fortune 500' company with millions of dollars set aside in funding. Success comes down to community support. You can look at many "successful" projects and you will see that their success was due to a pro-active and supportive community base. In many of these cases, the project didn't even have anything physical to offer their investors.
We have made many attempts at obtaining market interest with increased volume and making progress with initial success in increasing our value, but then sadly, some of our investors decide to set up walls or sell out weak in order to take small profits. This completely stalls the momentum we had just worked hard for and kills the investor confidence because of the sell-off.
While we wish that there was more market appreciation for what we have done and what we plan to do going forward, we must stay focused on our course and keep doing what we can to move forward while achieving our goals along the way. I know many don’t like the concept of patience, but it’s what we all need to have right now. Remember, this is a marathon and not a sprint.
Moving forward into Q2, here are some of the goals that we would like to accomplish. As always, these plans are subject to change.
iOS RSTR Mobile Wallet Pre-development
We know that after our successful Android release, many have been wondering when the iOS version will be released. Currently, we are in the process of planning out the iOS app. The Apple App Store is not as easy of upload as the Google Play Store, and while we are ensuring that we meet requirements laid forth by Apple, we also want to take the time to make improvements to the UI.
We plan to move forward with our website update in Q2. While a website update is not a priority, it’s something that we want to ensure we do in order to start the initial set up for our RSTR market integration.
RSTR market is coming! Currently, in pre-development, we are putting together the plans necessary to create a usable portal for users. It’s our hope that by the end of the year users will be able to be interactive with a form of our RSTR market.
We all are aware of recent issues we've seen with exchanges getting hacked or exchanges pushing projects around. We will be taking a moment to ensure we evaluate our exchange positions this next quarter to determine what we plan to do going forward in our exchange partnerships.
We will continue with our marketing efforts this quarter with some more giveaways and other promo ideas we’ve had. Our Twitter #FreebieFriday promotion was fun, but it appears we need a bit more community participation to help make it better. We did not get the shares and retweets that we really could have had to help share the promo. We found it better to make it every so often, over weekly, as we saw that the engagement we were getting were more from the bounty and giveaway hunters, rather than just normal Twitter users. We will be trying different approaches to help implement our #MarketMonday, #FreebieFriday, and other promos.
We will continue to roll our partnership efforts into this quarter. We have reached out and been in conversations with some new interests and we are excited about the possibilities. We look forward to being able to announce more partnerships as soon as we can.
We are still looking to add volunteer contributors from the community who wish to lend a hand. If you are interested in helping, we are currently open to those who have been in our community for some time for an admin/mod role. We are also looking for any members with graphic design experience that would like to contribute as well. If you think you have a skill that you can contribute to the project with, then, by all means, feel free to contact Kratos.
IG WPE Ambassador Program and Sponsorships
We will be looking to implement the Instagram Ambassador and Sponsorship programs this quarter. We will be sharing details as we are ready to roll out the program.