Introduction — Adaption to the Current Situation
After 1929, many people had been traumatised by the market crash that it created a lost generation — the remedy for this was to HODL but very few knew about this concept.
As Bitcoin plunged 30%, proceeding to a significant sell-off in the cryptocurrency markets. The digital currency hit as low as $32,000 and hasn’t traded at those levels since late January.
The sharp drop means Bitcoin had temporarily erased all its gains following Tesla’s announcement that it would purchase $1.5 billion worth of the cryptocurrency.
Why did this happen?
On May 12, Elon Musk said the electric carmaker had suspended vehicle purchases using bitcoin, citing environmental concerns over the so-called computational “mining” process.
Musk’s comments caused over $300 billion to be wiped off the entire cryptocurrency market that day.
Musk did suggest that the automaker was not selling its existing bitcoin, saying with emojis on Twitter that Tesla has “diamond hands.” That tweet was published near bitcoin’s lows for the day.
This, combined with China’s new regulations on cryptocurrencies and Vitalik Buterin’s dump on one of the biggest meme coins, Shiba Inu, created uncertainty in the overall market and most if not all currencies suffered a dramatic drop following those events.
As every other Token, The Spaceman lol Token was affected by this crisis. But the Team has been working to adapt to the new circumstances, so we are better prepared in the future. Hence why our silence for so long. We never left. We just in a Space of reflection, working to give you the best product ever!
As we momentarily stopped engagement with our community to assess how best we can move forward after the market crash, the efforts to develop our brand awareness will take new steps.
We will do targeted advertising across our multiple social media accounts. So stay tuned to new content!
For the past two weeks, we have studied numerous techniques to make our brand as engaging as possible, such as media outlets and influencers for exposure, Airdrops & Giveaways for the best community members and community development in different languages, and more.
We are now in a position to know who exactly to contact to create momentum; we now have contact with some great shillers, influencers, crypto media outlets and last but not least, we know whom to contact for a possible Exchange listing when we reach the volume we hope to achieve.
The marketing efforts mentioned above will be focused on advertising our first version of Spaceman Charts. Furthermore, to make things better, the Website V2 will be released at this same time frame!
It will be necessary to implement the strategies mentioned at the right time, which would be close to the launch of the Charts, and a continuous process would follow.
When will the Charts be Ready?
As we still have a whole month before the end o the Gemini Program, we are confident that we will be able to deliver before the program finishes and besides, to accelerate this process, we have hired another UI/UX! this will be a significant influencer to complete the task as soon as possible.
So you may expect a guerrilla marketing campaign right before the charts are released.
We are also working to register Spaceman as an LLC — Limited Liability Company — a step towards getting recognized as Gem.
As mentioned before on this Gemini Program, we intend to deliver the Spaceman Charts, in which its server is almost ready!
And besides the Charts, we are close to complete Version 2 of our Website — significant advancements on both desktop and mobile variants have been made.
Another great news is that our developers have been working on the Spaceman Bot, and it will soon be available for commercial purposes, creating a monetization source for the project.
Everything is pointing to a successful end of the Gemini Program, as our roadmap shows!