[Notice] Progress of Record Project

Dear fellow participants,

Two weeks has passed soon since New Year, 2019.
I would like to return the reward for everyone who keeps the RecordFarm.
All employees of Record Foundation are committed to promoting the project.

We think you may have questions about the whole project including launching, listing, and manager recruitment of test net.
It’s my pleasure to tell you about our projects one by one.

First, about the project progress part.
The RecordFarm test net is currently focused on the developing. The goal is to release the project this May. In April, we will test the performance of the blockchain technology through TTA.

Unlike the existing roadmap, the release is slightly delayed because the time required for technical verification is longer than expected.

As you know, blockchain is not a complete technology. Most of the blockchain technology is in the early stages. Therefore, it must be accompanied by in-depth verification of whether or not it is actually used. It is even more dangerous to release test net quickly because of the speed competition with other projects. We will launch the project after finishing all of the verification to the trivial part.

Aside from the time required for verification, we are pleased to inform you that the RecordFarm project is proceeding as planned. ‘Wallet’ will also be launching in the first half of this year. We will keep you informed through the RecordFarm official medium.

The following is about exchange listed and prices.
Our team is also keenly aware of your suffering from the price drop. However, this may be a challenge for the entire blockchain industry, and we would like to say that our project cannot be completely free from this impact.

Nevertheless, the RecordFarm is promoting the project steadily. There are two reasons for this. RecordFarm was acquired by KOSDAQ listed company. In addition to this, RecordFarm is proceeding as a government task. These are the backgrounds to pushing the business down while reducing the amplitude in the wildly shaking blockchain market.

Unfortunately, pricing is not what we can control. And, it should not be controlled. It is same for the exchange listing. The listing is the right of the exchanges. That is why we cannot give you the answers for these two sectors.

The last thing we want to tell you is that RecordFarm is growing in 'trust'. Unlike other projects, the project is being carried out under a continuous audit as it is being conducted as a government project.

As I mentioned earlier, we are a developer-centric team who believe that technology will eventually prove its worth. Therefore, there may be a shortage in marketing and communication. We also reviewed the recruitment of a community expert manager who manages RecordFarm official channels. However, it was decided that it would be difficult to proceed recruiting with the government support. I ask for your understanding.

But the telegram is not closed. However, it is difficult to answer all questions due to team conditions, so we would like to share the progress of the program in the form of an official announcement.
Therefore, I would like to ask you for your cooperation and understanding that we will establish the rules for operating the telegram and share it with you, then operate the channel based on this.

Thank you for your continuous support.
Sincerely,
Record Foundation.