The MUXE team are making a incredible headway! So far, we have finally added the white paper and roadmap to our website and are always looking to improve our process. Currently we are looking into our KYC (know your client) and KYP (know your product) processes and making sure they are sorted in preparation for our ICO. We are also making sure that our product complies with Netherlands law. We have been consulting with our lawyers on our product. The highlights we are hitting on are ways to make our product a safer investment, comply with the law, and finding ways to cut costs without harming the project or our clients/investors. We also want to have a solid operational structure that will add value to the way we do business. Adding processes that allow people to strive to make MUXE a better company will help significantly over time and increase MUXE’s long-term exposure to the market.
With that said we have come across some information from our lawyers that we find a bit sad. However, we are looking forward to moving our business forward and preventing any complications that may ultimately harm our investors, clients, and community by changing our logo. We are aware that our logo does look similar to another concept that we wanted to take over. Due to the similarities there is potential for the makers of the old coin to come back and potentially take legal action against us in case we ever become large enough that they can see a profit in it. Logically we do not want this and will decide now to change our logo to protect us from potential litigation. It becomes clearer to us that the original concept has been completely changed and that’s not a bad thing. It is a testament to how hard we have worked to make tokenized Real Estate happen.
-The MUXE Team