This post contains important news for the NXTblocks project.
Despite having started off with the most featureful and fast wallet and block explorer out there, the project hasn't gained the traction we expected. We have failed to reach our initial expectations for the project to sustain it's maintenance and development costs. Thus, the NXTblocks project is going into maintenance mode and will shut down in three months. This decision was not taken lightly.
The IPO investors who believed in this project have our sincere appreciation for their support. They will be reimbursed with 100% of their initial investment value. This will happen as follows:
- We will remove the current pending NXTblocks asset sell order.
- We will put out a purchase order to purchase all outstanding assets at their originally issued price of 36 NXT. This buy offer shall be available for a period of three months, after which we will send all NXTblocks assets bought to the genesis account.
- We shall deal separately and privately with any remaining NXTblocks asset holders who have not redeemed their assets intentionally or unintentionally by the end of the three month period.
- We shall shut down the main site after a period of three months. Until that point, existing users will be able to normally migrate away from their web wallets by transferring their NXT onto another accounts, as well as download their wallets to decrypt them localy and import their private keys to the official NXT client.
After this three month period, the site will be shut down and replaced with a link that will offer the offline wallet decryption tool. We will respond to any email from registered users and send the encrypted wallets back to them so that they can redeem their wallet funds even after we have shut down the site.
That's all folks.