Hey everyone, the cryptocurrency market as a whole has been taking some topsy-turvy turns, and I just wanted to give a quick update on where our developmental heads are at and which way Quarry is moving.
So far, we’ve been largely unaffected by the downturn in blockchain. For the last few months, since the beginning of November, we’ve been running an experiment. Essentially, we wanted to test how much we could drive the Quarry community by incentivizing growth through in-app activity and redeeming ROX for ETH. While we can’t argue with the results, that this type of promotion definitely increases installs and drives the community forward, we’ve found that negatives far outweigh the positives and that the direction this drives towards is not one in which we would like to go.
For these reasons — and a few others — we will be discontinuing the withdraw and ROX for ETH functionality in the Quarry app, effective immediately. We will honor currently pending withdraws (those dated before January 15th).
In future updates, we will be pivoting in a new direction, one that is more centered around building an intrinsically motivated community focused on blockchain technology and cryptocurrency news.
As a little teaser and to clue you all in on what that direction will be, our biggest goal is the development and completion of ROX as a trad-able token. The symbol may change, since the ROX symbol is already taken, but the rest will remain mostly the same.
Stay tuned, and here’s to 2019 being the year of the Quarrior!