Using the Carpathian Node on COTI Blockchain as a proof of concept, now preparations are on the way to set up a collaborative node on Orion Protocol as well. The legal framework is on the way to finalization and the participants have been found.
This will be one of the first Democratic run collaborative nodes on the Orion Protocol
August was the month of the founding of Carpathian Basin Ltd (Kft.) This marks the first big milestone in the road map for Carpathian basin. Besides managing the investment portfolio, Carpathian Basin will become the home of several Blockchain projects. The first being running the Carpathian Node on COTI blockchain.
September is the month of disappointment with the fall of CITYUPTAKE, which forces new directions and re-evaluations of actions taken so far.
October will be the month of excitement, with the official launch of the newest project being born in the Carpathian Basin set up. The intention is that this little offspring will grow up soon and will be able to stand on its own legs very rapidly. More details will follow!!
Sometimes in life you get roadblocks or setbacks, which hit pretty hard when they occur, but soon after teach you valuable information.
The issues with CITYUPTAKE (how ever the end will be) have thought me to act more on my discomfort with little things, some would call them red flags.
The other learning is, when becoming part of a team, always strive for full transparency with open and consistent communication.
Being part of the CITYUPTAKE agent team has led to a big loss in funds, how big is still to be seen, but even more importantly my name has been connected to a project which has left a bad smell. People have lost funds by a project represented by me.
So no more huge ambitious projects as a team member where the requirements of transparency and communication are not met. There where I would handle the assets of other people this will only be done in a solid and legal structured in full transparency.
With having Carpathian Basin Kft. (Ltd) established the framework for this has been set. The Carpathian COTI node cooperative will be upgraded from legal point of view and this will become a blue print for other small scale Node cooperations in other blockchains like Orion Protocol.
Besides that another project is in preparation with a solid team of trusted professionals. This one will launch on October first and more details will follow.
Finally all efforts will be put in place to recover as much funds as possible for the investors in the Pi token who got severely impacted by the CITYUPTAKE happening.