Dear AMANPURI community users:
Thank you for always supporting AMANPURI Exchange.
AMANPURI Exchange started to sell AMAL in August 2019, then started spot trading in December of the same year, and leveraged trading by April 2020.
However, due to recurrent schedule changed and malfunctions that was experienced, we deeply apologize to early stage investors, community users and traders for not providing a good user experience.
The reason for the problem is that in the beginning we set an excessively tight schedule in order to accomplish system update and release platform on time, therefore few malfunctions occurred when we couldn’t have sufficient development time and sufficient test time. In the future, in a bid to improve, we will make sure the test procedure will be implemented and using the same environment as the official launch platform to conduct practical tests.
Ｗe are currently aware of the following issues, and will resolve all of these issues before renewal open in June.
・ Insufficient trading volume
・ Many bugs
・ AMAL price is less than pre-sale price
・ No benefits for pre-sale participants
・ Hope to unlock all the wallet balance
・ Lack of active users
・ Not compatible with smartphone (iOS APP has not been released)
The management team is reviewing these points to carry out overall reforms. The specific improvements are described below.
Improving the overall user trading experience
-Implement Easy Mode to simplify the function of leverage trading (Standard mode will become Pro).
New or additional function.
・ Release MAM
・ Update Android APP ( leverage trading function executable)
・ Add IFDOCO ordering method
Specific of solutions
・ Insufficient trading volume
Currently we are consulting with several new market makers, and focus on keeping high trading volume and spread narrow to provide market liquidity.
・ Many bugs:
We reviewed the test environment and test process. At first we arranged the test net so that it would be perfectly synchronized with the main net. So far, because the test functions have been added to the test net continuously, some differences inevitably occurred, and sometimes it will cause the test to be missed.
By making test net and main-net identical, we will eliminate testing omissions and repeatedly check for errors and bugs.
・ AMAL price is lower than pre-sale price:
We take this issue very seriously. We consider that the value of AMAL is directly proportional to the actual condition of the business. From now on, we will share the AMAL target price internally and continue the development project of exchange.
・ No benefits for pre-sale participants:
We will implement the limited function only for pre-sale participants. In the future, we will actively work on listing new tokens. Basically we do not charge listing fees for new token. Conversely, we will charge new listed token and also some tokens as a reward to users.
Whenever a new item is listed, the token will be distributed to pre-sale participant who holding a certain amount of AMAL.
・ Hope to unlock all the wallet balance:
A community vote will be held soon so that can come out a decision as soon as possible.
・ Lack of active users
First of all, as mentioned above, by cooperating with market makers, we will be able to provide sufficient liquidity and establish a comfortable trading environment for user. On top of that, we will create an environment by enhancing functions, lower transaction fees and holding events etc., plus the flexible use of media, so that Amanpuri global partners can use our platform to trade more easily.
Within 3 months, we will not longer need to consult with market makers and can show sufficient liquidity for real users.]
・ Not compatible with smartphone browsers:
At present, the APP has been released on Android. Since iOS app review takes time, we will work to build an environment where you can comfortably use your smartphone browser to conduct transactions. (Expected after June).
These improvements and tests will take about 2 month, and AMANPURI aims to reopen in June. (platform is not closed during this period)
About AMANPURI Exchange’s vision
Amanpuri is an innovative platform that conduct spot transactions and 100 times leverage trading. In addition, by retaining AMAL you can receive BTC dividends every day, so it has been supported by communities around the world.
Owning AMAL would not only bring you daily dividend, but also halve the transaction fee and get community voting right. Our exchange is not like a traditional centralization system, it’s decentralized exchange that can be participated by community AMAL holders.
Users will choose the exchange which has
・ System stability
・ Enough market liquidity
・ Narrow spreads
・ Easy to operate
・ Don’t need to worry about the safety of asset storage.
・ Don't need to worry about operation side.
・ Quick and polite customer service
These are the basic functions of the exchange, we will hold the original intention, not only to enhance the new functions, but also fully implement the above functions.
Thank you for your time, and please continue to support Amanpuri now and in the future.
May 1, 2020
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