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.
Carpathian Basin has been selected as the future Community Node on the COTI blockchain.
This is the start of a new chapter. As of yesterday April 24th, Carpathian Basin has been selected to become the next Community Node in the COTI blockchain as laid out in the message in the COTI telegram channel yesterday.
This is a big honor but also a big responsibility. In the coming days, we will find out the exact requirements of running the Community Node and the difference between running our node on the COTI Testnet.
We will create a plan on how we can support the COTI blockchain in optima forma and for that purpose, we will extend our COTI node page on the website with an introduction of the team (done), a roadmap of our plans to support COTI and detailed info about COTI in order to introduce new people to this great Blockchain.
For now we would like to thank the people who put their trust in us and voted for us. We will honor that trust with our hard work to contribute to the mass adoption of COTI as the “Coin of the Internet”.
After CITYUPTAKE and COTI, I have started intense participation in a third Cryptocurrency project. The project is called The Crypto Universe. The intention of The Crypto Universe is to be a platform to help people who are new to or inexperienced with Blockchain and Cryptocurrency specificly to land in the big bad world called Crypto.
The Crypto Universe website consists of several sections, which will be filled with content gradually.
The roadmap describes them one by one and the first section which has already gone live is the Promille Project:
The Promille Project is the part of our Eco-system which will contain a variation of Tokens to the benefit of its holders. The first token created in the Promille Project is the Pi-Token. The Pi-Token is a token which uses invested TRX to create a passive income, while guaranteeing the value of the invested TRX. “Building Trust through Transparency”. The white paper explains this in much more details:
The Token was created on 02-02-2020 and has been paying out rewards for close to two Months now, which was on of the reasons for a summary of the achievements so far.
More features of The Crypto Universe will come and more info about the Pi-Token can be found here: https://t.me/promille_project In time The Crypto Universe will get its own section in the Carpathian Basin website.