SourceLess Mainnet & STR Listing: important update regarding our upcoming plans and developments

SourceLess
2 min readAug 2, 2024

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important update regarding our upcoming plans and developments.

Dear SourceLess Community,

We hope this message finds you well.

We want to announce an important update regarding our upcoming plans and developments.

Due to unforeseen circumstances, we need to postpone the initial listing on crypto.com (of our STR token) by approximately 30 days. While the list of CEX listings remains unchanged, our first listing will now take place later than initially planned. We will present the full update on our progress on August 15, 2024.

part of the official email from crypto.com (the rest of the information being confidential, under NDA)

In the interest of creating a safe and ethical ecosystem, we are opening a 30-day OTC (Over-the-Counter) deal page from August 3 to September 3, 2024. This page is for anyone who wishes to withdraw their STR tokens before the listing is completed.

OTC Terms:

  • Registration Time Period: August 3 — September 3
  • Payments: Starting September 3, with a maximum processing period of 60 days.

Listing Updates:

  • August 2024: Based on the following factors, the listing on Crypto.com is delayed until September 2024. The exact date will be announced by August 15, 2024.
  1. Swap Progress: We need at least 33% of the old STR tokens (BEP-20) to be swapped, or 50%+1 of the addresses holding STR tokens to be swapped. Currently, the swap progress is less than 10%.
  2. KYC & AML Procedures: The implementation of Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures is ongoing to comply with European legislation. To date, the rate of STR token swaps from members is at 7.2%.

We understand the inconvenience this delay may cause, and we appreciate your patience and understanding. Our priority is to ensure a secure and compliant ecosystem for all our users. We are committed to keeping you informed every step of the way and will provide further updates as necessary.

Thank you for your continued support and trust in SourceLess.

Warm regards,

For more information, please visit our website at www.sourceless.net

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SourceLess
SourceLess

Written by SourceLess

Connecting every human and every existing blockchain. Making technology accessible, affordable, safe. Rea more on https://www.sourceless.net

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