It is what it is....

Unfortunately, there is no other way to describe the current state of crypto and how it impacts our projects

When we launched our projects, we wanted to provide utility in the market. The primary utility of the tokens was to reward our users for being part of the network. In the case of DOOR it was rewards for using our app, and with NIL it was rewarding athletes who joined our NIL influencer network.

Both projects delivered products and utility , which set us apart from 99% of the other projects launched in the past few years. However, this doesn’t protect us from the massive winter storm that has hit crypto in the past year. Our tokens value and liquidity suffered just like every other crypto due to the general abandonment of crypto in general.

I was never of the mindset of “buy low, sell high same day” that was the driving force of the crypto community. I never sold my DOOR. I never sold my NIL. I wanted to be part of long term projects that created products powered by blockchain and leveraging tokens for utility, not short term gain. Unfortunately most of the owners of tokens, do not think this way - and they dump tokens and drive the price down and destroy liquidity. This is the nature of the beast.

My focus today, remains as it always has been - continue to push these projects forward understanding it will take time and patience (and with some luck the crypto market rebounding from the recent downturn).

I apologize we have not communicated as frequently as we have in the past, but as I mentioned in my last post - we are very deep in a crypto winter - and there is nothing we can do but wait out the storm. We are prepared for the next chapter, where we believe there will be regulation and oversight on projects - and there will be a requirement to prove you offer utility. The good news is this is what we have been focused on since our launch - we are one of the few projects that has utility, and currently two active projects providing utility.

Until regulation and oversight happens, and the bad actors are removed - we will continue to improve our products and focus on building the business. When it comes to the token and its value - it depends entirely on the business being successful, and the use of the token increasing for the purpose it was created - rewarding users.

For continuing updates on both projects, please refer to the Gitbooks - which we keep up to date.