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A message to all Asset Holders
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Author Topic: A message to all Asset Holders  (Read 9158 times)

Cassius

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Re: A message to all Asset Holders
« Reply #20 on: June 07, 2015, 04:53:20 pm »

Just wanted to share the info publicly,

I have offered Damelon to have our devs take care of the dev front and ensure the proper release of the project.
I believe, it should be possible to have a release within the budget constraints.
Am waiting to hear back from Lyth's Dev department.


Regards

Interesting development.
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Freebieservers

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Re: A message to all Asset Holders
« Reply #21 on: June 07, 2015, 09:52:32 pm »

Had a chance to talk with the team.
Project seems very plausible and highly intriguing to the dev.
Will talk again with Damelon tomorrow and try and seal the deal.


Regards
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yassin54

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Re: A message to all Asset Holders
« Reply #22 on: June 07, 2015, 09:58:27 pm »

Had a chance to talk with the team.
Project seems very plausible and highly intriguing to the dev.
Will talk again with Damelon tomorrow and try and seal the deal.


Regards
Thanks and Good Luck!  ;)

Nxter

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Re: A message to all Asset Holders
« Reply #23 on: June 07, 2015, 10:33:29 pm »

Had a chance to talk with the team.
Project seems very plausible and highly intriguing to the dev.
Will talk again with Damelon tomorrow and try and seal the deal.


Regards

Thanks for jumping on board :)
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MadCow

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Re: A message to all Asset Holders
« Reply #24 on: June 07, 2015, 11:44:47 pm »

Dear Asset Holders,

As you have noticed, DORCS has not posted any updates recently.
The clear and simple situation is that we have hit two major snags in our development.

Over the last three months, two of our critical developers have left us, due to circumstances out of our control
The price of Nxt has dropped significantly, leaving us underfunded.

We, the initial team, still remain enthousiastic over creating Lyth, but we too have to face reality.
We still have a small team of developers working, but they are not capable by themselves to create the kind of game we wish to create. We know we can take the game to alpha stage, but with our current crew, we cannot take it any further.

Moreover, we lack the funds to hire developers to go past alpha.
So, this leaves us in an unfortunate situation.

We now see two possible ways of moving from here, but we want and need to include you, as investors, in this decision.

1. Continue, with a high risk of not delivering the original product. The pitfalls in this plan are our ability to actually contract a developer for the funds we can offer and the normal problems in taking our concept into production.
With our current team, we can create a playable alpha, but it will work as a Proof of Concept, and will not have blockchain capabilities activated. For that, we need another dev that can make this happen. At this stage, it will function like a “normal” MMO.
Our work to beta is blueprinted, but relies on us finding and contracting a developer who is skilled at working with blockchain technology ánd a dev who can scale the network.

2. Stop the project, and allowing all of our investors to back out of the project by putting up a buy wall for all outstanding assets. Investors will take a loss on each Asset, but we can guarantee they will be paid back what is left in the treasury. Currently this amounts to (2'516'115/390466) = 6,443877315822632 Nxt per Asset.

We have been in contact with coretechs of Voxelnauts, too, to see if there were possibilities to do something there, but they have firmly chosen not to go the AE route, due to legal concerns in the US. So a direct route to their project is not possible, even though we share a lot of goals.

You are all Asset holders and we feel you should be given a choice in this decision.

We want to give you a choice in this and will go by a majority vote, once the Voting System is up (just a few more days till it's active).

We do under

I'm an original investor and have not sold any of my assets in Lyth. I would love to see the project completed as originally intended, and accept the risk involved. That course of action obviously depends on the Lyth dev team still being committed to the project, and if they are, then I vote to continue. Fortune favors the bold!!
« Last Edit: June 08, 2015, 01:21:33 am by MadCow »
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swartzfeger

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Re: A message to all Asset Holders
« Reply #25 on: June 08, 2015, 01:09:50 am »

nota bene: I put every single NXT I held into Lyth assets, so I'm obviously *very* bullish on the project.  ;D
And obviously *very* bearish on nxt  ;)

Yes, that too. :)

But there's also something to be said of eating one's own dog food.
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Freebieservers

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Re: A message to all Asset Holders
« Reply #26 on: June 20, 2015, 02:49:42 pm »

Update : I've had a chance to talk to the team. Currently working out the commercial terms and the plan of action to fulfillment of the project. Chanc3r has been afk with irl commitments but FS is happy to be a part of the Lyth story and making this a reality in the near future. 
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Nxter

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Re: A message to all Asset Holders
« Reply #27 on: June 26, 2015, 09:22:21 pm »

Thanks fs, this is great news!!
I am very looking forward to playing Lith.
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