Press Release 25 May, 2018

Nami.trade to introduce NAC Mutual Pool and close NAC Pool

Copied to clipboard
Copied to clipboard

Our dear valued investors and customers,

To pay 100 percentage on nami.trade development, we have to inform you that we will officially release  NAC Mutual Pool on 1st June, 2018, and we are forced to terminate the operation of NAC Pool as well as discontinue receiving NAC from investors as from 25 May, 2018. The main reason behind our reluctant decision is that activities of mining pools around the world, including NAC pool have been influenced adversely and have become ineffective due to several objective reasons below:   

  1. The total supply of Ethereum will be limited to 120 million ETHs. With current circulating supply of 99 million ETHs (according to coinmarketcap), only 21 million ETHs are left for miners for the next 6 to 8 years.
  2. The increase in the number of miners and new mining machine ASIC for ETH with stronger processing power will make the mining industry become as competitive as never before.
  3. Every day the new difficulty arises with great speed while the improvement of hash rate remains unchanged, confirmation time of a block also rises exponentially from 25s to 35s, 55s, 95s, and 665s until 2021.
  4. Casper protocol will be released tentatively in August 2018 as a transition from POW protocol to POS in order to reduce the dependence on hardware power as well as to reduce transaction fee on Ethereum platform.
  5. In Vietnam, the electricity price and the price of hardware to mine ETH also has increased exponentially, affecting the efficiency of mining ETH.

We assure that the termination of NAC Pool will not affect the benefits of investors who transferred NACs to NAC Pool in April to participate in the 2nd round. These investors will receive dividends (in ETH) on June 2, 2018 as expected.

For investors who transferred NACs to NAC Pool from 1 to 25 May, 2018, we will send your whole NACs back to their wallet on 26 May, 2018 at the latest.

We understand that many investors will feel regret for this termination. However, soon we will  officially release NAC Mutual Pool on the 1st of June, 2018. Interested investors can find more about NAC Mutual Pool here!

We appreciate the confidence you have placed in us and we look forward to providing you with the best possible products in the future!

__

About Nami Corporation:

Nami Corp. is a global FinTech Corporation working on Investment and Technology based on Blockchain.  It’s not just a single platform, we have created the whole Ecosystem to help Contributors and Traders around the world to utilize their experience and their money with the slogan “no spread, no swap, no commission”