Market Uncertainty Delays $FLOTE Token Drop

by | May 13, 2022 | Flote News, FLOTE token

Dear Soon-to-Be $FLOTE Token Holder,

Unless you have been off the grid tending your garden and raising your goats (and honestly, right now that sounds like the best place to be!) you are probably aware of the massive sell-off in the crypto markets over the past few days. I’m not going to lie… it’s a trying time that even has our veteran crypto team wondering what happens next.

This all comes right as we were preparing to click SEND on the long-awaited airdrop of the $FLOTE tokens. 

This black swan event, precipitated by the attack on Luna and UST and the resulting market-wide fallout, has forced us as a company to huddle the team and examine the possible scenarios of launching our token during the height of fear in the markets.

For this reason, we have had to make the tough decision to postpone the airdrop and official launch of our social token. Until we can determine whether this is just a speed bump on the road to recovery, or the start of a new crypto-winter, we will hold off and bide our time, looking for the right entry point.

We want to be confident in the health and stability of the market before jumping all-in to the Web3 game. The $FLOTE token and subsequent social economy we intend to grow from it are no small undertaking. In fact, they are a significant part of the Flote roadmap and strategy for long-term success. 

We will continue to update the community as the dust settles and the market conditions become more clear. Hopefully, you can understand our decision. We care about all of our users and this move is our way of ensuring that they are protected from the current climate of fear, uncertainty, and doubt. 

Until then, please come join us to talk all things crypto and NFTs over on our Telegram and Discord communities and follow @flotetoken for updates.

 

Alexander Meyer

Flote VP of Web3

 

MORE ABOUT FLOTE

Visit us at flote.biz for more blog posts, at flotetoken.com to learn about our crypto and NFT initiatives and at flotefest.com to learn more about how to attend our IRL events. But most of all, come to joinflote.com and join our growing community of Flote members. We’ll see you there.

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