ALERT: AGPC HOLDERS
Date : 22-08-26 17:17
Writer : Admin
Thank you for
supporting AGPC during this difficult time.
We established
AGPC company in Singapore in March 2021 and listed AGPC on the global exchange
to position the AGPC token as one of the leading digital assets in the global
online gaming markets.
However, there
have been unexpected changes in the virtual asset industries worldwide in the
last years, such as issuing new crypto-asset guidance, releasing license requirements
by each country, and strengthening relevant laws and regulations. Also, Bitcoin
and Ethereum have suffered a brutal comedown this year, and Terra and Luna's
crypto crash led to a great distrust among cryptocurrency investors. In
addition, the Monetary Authority of Singapore (MAS) issued the new bill, called
the Financial Services and Markets Bill, in April 2022. Thus, AGPC has been
working on revising its business plan accordingly to meet the requirements of
successfully operating the cryptocurrency business in Singapore.
The Financial
Intelligence Unit (FIU) in South Korea has asked law enforcement authorities to
investigate 16 foreign digital asset exchange operators for their unreported
business activities in August 2022, and any AGPC holders who have been traded
on the XT.com platform might have some difficulties in trading in the future.
AGPC has
communicated with experts to share numerous ideas and facts to overcome this
crisis. AGPC finally has established the following solutions and policies for
AGPC coin holders.
First, as it is difficult for AGPC companies to
continuously operate in Singapore due to the strengthening digital asset
regulations and laws, AGPC decided to establish a 3rd joint venture company in
cooperation with a blockchain specialized company. AGPC will transfer the
existing AGPC project to a crypto-friendly country.
Second, to solve the problems of the existing AGPC
token structure, AGPC will be carried out by dividing the token structure into
two types. They are tentatively called 1) gaming tokens and 2) membership
tokens. All existing AGPC token holders will have a chance to swap their AGPC
tokens for new ones.
Third, the membership tokens are tokens designed to
issue NFTs that provide various benefits in the new AGPC projects. The
membership token is not expected to be issued 300 million as same as the total
issuance of the existing AGPC token; however, it would be around 15 million as
same as the total distributed AGPC tokens in the market. Thus, the number of
membership tokens is limited, and AGPC expects the demand for the tokens would
be increased as well as the new AGPC project is steadily growing in the market.
Establishing a new
joint venture company in the new country and issuing two types of new tokens
and swapping will proceed as quickly as possible, and the token exchange will
be completed by the end of September 2022.
We will do our
best to overcome the current situation and do our best so that the business
proceeds smoothly with the third joint venture and the asset value of AGPC coin
holders rises.
Thank you.
2022. 08. 26
AGPC Operation Team