Elixir (ELIX) Abandons Development due to Funding.

From Telegram:“Hi all, apologies for the delay in response. We’ve been having a lot of discussion about ELIX for the past few weeks and have been trying to choose the smartest path. Unfortunately, the project doesn’t have funds to further full time development. Most startups stay side projects early on, but we feel that this model wouldn’t do the project justice. That’s why it’s been a particularly hard decision to make. We feel particularly with the incorporation of the token, running it is as a side project wouldn’t be fair to the token community. We would rather members of the crypto community be focused on projects that have resources for full time development. Without the clear ability to commit to full time development, we don’t feel it’s a good path for us at this time. We feel that we’d be doing a less than quality job as startup founders if we only partially focus on the project. We will likely keep the pages up and the community pages up, and should we have more time and want to develop them, we may do so. But we want to be clear that we don’t have the funding to devote time to them right now that we wish we could have. While this might be disheartening, I think we’ve learned more than we could have in the past year and a half building our own products than we ever could have at a large company, which does make us optimistic about the work we’ve done.”

Submitted February 27, 2019 at 10:55PM

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