Brighter Days on the Horizon for SALPay
To keep our community in the loop since our last update, we are fully aware of the setback we’ve been undergoing throughout 2018. Clearly, we aren’t where we were hoping we would be when we started the ICO. Though we had higher expectations, we fell short on achieving some of our first goals. And in doing so, we have disappointed many of our supporters who initially had such an optimistic view on the idea of SALPay and its potential.
But most importantly, we failed our community by having distanced ourselves and gone silent, while we were reflecting on the future of SALPay and how to overcome the obstacles slowing us down. Though it may not have appeared as such, not a single day passed since we started this endeavour did we not care about our moral responsibilities towards our supporters nor did we lose sight of the significance of SALPay as one of the most promising Crypto startups in the South-East region.
As mentioned in our last update, we have begun a new chapter in SALPay and some key hires have enabled us to really get the project back on track. With that in mind, our first order of business is to address the roadmap. Now that we have successfully brought our Chief Marketing Officer and Head of Product up to speed, we would like to announce the release of our new technical roadmap today. This roadmap notably varies from the first one published as it takes into account the delays we had, the adjustments we had to make while working with our new team, and understanding what goals are reasonable for us to pursue. We believe this has all the necessary key points the community needs and is more representative of where we wish to take the project.
We want you to know that we remain firm believers of this project and its potential in solving the money remittance problem of our clients. In order to move forward, however, it is our responsibility to own up to the fact that many parts of this project did not go smoothly or as intended. Nevertheless, we are fortunate enough to have learned many lessons that will aid us on this fresh start. We understand that regaining the trust of the community and faith in the project will be no small feat but we are determined to put in the work, with our developers tackling every landmark on the roadmap one by one, while our sales, marketing and customer relations teams focus on business growth.
While we were unable to make significant gains in the crypto project for SALPay, the sister company has been doing very well. Salarium has been making a name for ourselves as the leading payroll software in the Philippines and acquiring hundreds of new companies this year for payroll and payout services. We count this as a major success because this will serve as stronger foundation on which we can continue to build. These companies will be our first customer base, giving us a huge advantage over having to market and acquire businesses to use the platform. And we already have a number of existing clients expressing their interest and excitement in the project as a result.
The continued development of the project will also be the driving force behind the further growth of the company, especially as we focus on multi-national companies and businesses in the BPO sector. For this reason, the crypto project is poised to be one of our major channels for revenue in the near future.
Furthermore, in an effort to rebuild the community’s confidence in SALPay, we would like to offer our community a fresh look at the project. For those that participated in the ICO crowdsale and are dissatisfied with the token progress, we are opening up the ICO for a full refund. Any person who participated in the ICO is entitled to a refund, provided that they are still in possession of their tokens and followed the KYC procedures.
We will be releasing the link that will direct you to where you can begin the refund process in the following week. In the meantime, we ask our supporters to bear with us a little while longer and to prepare for the refund process. It will take us a few weeks to re-verify each refund request and process them, but we will be able to send back your initial contribution, whether they be in BTC, ETH, or fiat deposit, in exchange for the SALPay tokens.
It is our hope that this gives everyone a more positive perspective on SALPay, whether you remain with us or not. For those who choose not to move forward with us, we fully understand and respect your decision as the fault lies with us.
Should you choose to remain in the community, we wish to make it clear that this is certainly not the end of our project, and we intend to keep it going full speed. We have a vested interest to see this project succeed, and it will once the BSP grants us a Virtual Currency Exchange license. We are doing everything in our power to speed up the regulatory approval process with the help of our talented team. Rest assured though that once we acquire our license, we will be more than ready to create this explosive growth in demand for SALPay, and all the services attached.
The project did not turn out the way we intended and for that, I sincerely apologize. For those that still believe in the project and are interested in seeing this new chapter unfold under our new team, I warmly welcome you once again to SALPay. I think I speak for the whole team when I say that there are great things to come, and we are eager to show you what we will be able to accomplish.
On behalf of myself and the SALPay Team, we look forward to working on more future successes with you.
Judah Z. Hirsch
Founder & CEO — Salarium
