After much debate and considerable input from the community, the Crypti team is ready to make an official announcement in regards to several major issues that many have anxiously been awaiting.

The Official Crypti Ticker Symbol

The Crypti team has decided on XCR as the official ticker for Crypti. We are currently working out the details with BTER to reserve the XCR ticker for trading. This decision was made based on multiple polls wherein XCR came out as the front-runner (with over 39% of the vote). It was also the internal favorite of our team and we are very excited to have XCR as our ticker. As many have mentioned, it follows other recent naming conventions as well as conforming to ISO currency code standards. Thank you all for your input!

Pre-Trading on BTER

The pre-trading opportunity was one that we put a lot of thought into. BTER approached our team with the idea of implementing trading early through pre-shares that would be enabled on the Crypti exchange. This was due to countless requests from their users as well as an extended period of time where no significant refunds were requested and the buyers appear satisfied with their purchases.

We opened this issue up to the community to get your feedback and to help us make our decision. After reaching our goal of over 90 votes (from 463 buyers) on our BTT poll, the overwhelming opinion of those who voted was to enable early trading (over 66%). The results however, were met with both a positive and negative response.

Much of the negative response we have received about enabling early trading was in regards to the 30-day refund period we arranged with BTER. Our team feels that it is important for everyone to understand the reason the agreement was made with BTER to allow refunds to begin with, in order to understand our stance on early trading and ending the refund period.

When we were initially approached by BTER with the proposal for doing an exchange run escrow, the BTER management mentioned that their user base was very excited and had shown a lot of interest in Crypti. The one concern they heard from many of their users was that with an open ended pre-sale, the dilution could be too great once we hit a certain level of sales for some buyers to accept . The request from BTER was that we offer a refund period for early buyers in the case that they felt the distribution was experiencing too high a level of dilution of stake value.

As many of you know, we agreed to these terms and instituted a 30 day refund period. This was all prior to the discussions we had with the community and the eventual decision to limit the pre-sale to a 750 BTC cap. Once the cap was instituted, the 30 day refund period was no longer necessary for the reasons it was intended. All buyers now had a set cap of 750 BTC and knew the maximum dilution that would occur if we were successful in raising the entire amount.

Due to this fact and the fact that our 30 day pre-sale ended in only 5 days, we believe that the best decision is to allow early trading and institute pre-shares in the BTER exchange. This will allow buyers to control their funds in whatever manner they see fit. It will also begin the process of setting a market valuation for Crypti and stabilizing trading volumes. On top of that, it will allow us to hire additional team members in the areas of development, marketing, and quality assurance, to continue us on a path to a successful launch and continuing growth of the Crypti network.

We believe that his is the best decision for the future of Crypti and are currently working with BTER to get a final data set of all purchases in order to begin the distribution process as soon as possible. We will keep you all updated on our progress and will make an announcement as to when trading will begin.

Maxmint buyers can transfer their stakes anytime to Bter, in order to participate in the pre-trading. They should take into account that Maxmint will require some time to facilitate the process and to ensure that the amounts are properly credited to the BTER account of the buyer. In order to transfer their stakes, Maxmint buyers should open an account on Bter and contact Crypti and Maxmint with following message in the PM:

-----BEGIN BITCOIN SIGNED MESSAGE----- I hereby confirm that I choose to transfer my bought Crypti stake to my Bter account. My Bter account ID is [your Bter account ID here], my Bitcoin address is [your Bitcoin address here]. The transaction ID for my investment to Maxmint's escrow address is [your TX ID here]. I request Maxmint to send all my invested Bitcoins (minus the 1% fee) to this address owned by Bter: 15neNDJJW8pxiJEXh4kyRKUVXprxqezPw6. Bter will then credit me Crypti stake on my account.
I will no longer be bound to the escrow agreement by Maxmint (located at https://bitcointalk.org/index.php?topic=654463.msg7756916#msg7756916) and I also confirm that Maxint will no longer be bound to this escrow agreement.
-----BEGIN SIGNATURE----- [the message signature here] -----END BITCOIN SIGNED MESSAGE-----

Again, thank you all for your support and enthusiasm for Crypti. We are looking forward to sharing some of our current developments and future goals with you soon. Stay tuned to our blog for our first DevBlog update in the next day or two.

The Crypti Development Team

SyRenity, A.M., Boris, Bitseed, & GreXX