It has been a busy month fellow TIOnauts!
Things are moving so fast right now that it feels like I hardly have time to put pen to paper for this letter; good news though, this one's basically going to write itself. More to the point, it's going to be a bit of a challenge to fit everything we accomplished in February into one quick note.
So, to start off with, some pretty major improvements to the exchange have been implemented this month. Aside from the usual tweaks and turns that occur, we deployed our guest mode so that investors who are considering joining the vaunted ranks of the TIOnauts can get a preview of the exchange.
We also had our iOS app included in the Apple App Store. If you use an iPhone, make sure to look into it; I can vouch that it looks great. Not to leave anyone out, we are actively beta testing our Android app as well, feel free to check it out at Google Play.
In perhaps our biggest success of the month in attracting people from around the world to become TIOnauts and participate on the exchange, we launched our integrated solution for purchasing crypto with a credit or debit card. From the BALANCE tab in your exchange account, you will see a credit card icon next to the tokens that you can purchase with card payment. Just click on the icon and you’re on your way.
Along with all of the other improvements, we have been actively working to add new tokens to the exchange. This is something we decided to push at the beginning of the month and I had hoped to be able to report to you in the letter that we had listed four or five new tokens.
Instead, I am happy to report that we have added four new blockchains and, in total, nine new tokens, GRIN, NEO, EOS, HOT, AOA, LTO, EDR, LAMB and SOLVE. We have more coming and are planning to start a more organized process where anyone participating on the exchange can have some input on what we list.
Of course, not to forget, the most recent trading competition ends today - 5 BTC is up for grabs. Congratulations in advance to the best of our traders and the most fortunate of our TIOnauts in the lucky draw.
Looking ahead to March, our focus is on three major initiatives: adding fiat deposit options and trading to the exchange, expanding our regulatory footprint and beginning our marketing campaign for TIO Markets. Of course, exchange improvements and token additions will be ongoing along with ramping up marketing for trade.io.
Lastly, I want to touch again on the buyback program we announced earlier in the month. I know that there has been a bit of confusion as to how buybacks work and what they mean. I think that we have cleared up most of the technical questions in the last few weeks, so I want to focus on the meaning, the implication of a move like this on our part. However, at its core, it is pretty simple. Because we have been conscientious with our money, our balance sheet is strong and we have available funds. As we run the company it is up to us, every day, to determine how best to spend that money to create the most possible value for the TIOx. Everything from hiring people to giving away 5 BTC in a trading competition, we constantly strategize on how best we can use each and every penny to maximize value for our TIOnauts. In this case, we decided to invest in what we felt was a hugely undervalued asset - TIOx. Hopefully, you will all see that for the vote of confidence that it is - we are quite literally putting our money where our mouth is.
With all of that said, I am going back to work for you, for the company and for TIOx.
Sincerely,
Bill Heyn
CEO
