YouSUI, an all-inclusive platform, launchpad, and NFT marketplace has recently announced an exclusive update dealing with the schedule of its IDO Launchpad. According to the platform, it has carried out a careful and thorough consideration in this respect. After that, the company has resolved that a slight change will be witnessed in the launch date. As per the company, the latest date for launch is set for the 21st of this month.
YouSUI Declares New Update for IDO Launchpad’s Launch Date
The platform published a blog post on Medium to disclose this update. In addition to this, the company also provided the potential reasons why it took the respective decision. It disclosed that market conditions were among the chief reasons for the delay in the release date. The company added that the present situation of the market is not favourable for it to conduct the IDO.
To guarantee the finest possible results for the platform’s investors and community, it has decided to procrastinate the release. This is being done to conduct the launch at a time when the conditions of the market become more conducive. Another reason mentioned by YouSUI is the accomplishment of investment contracts.
Platform Says Market Conditions and Crucial Collaborations Led to This Change
In the words of the firm, it is at present going through the procedure of concluding a few significant investment agreements. Keeping that in view, it considers that a delay in the date would offer some relief to the company. YouSUI thinks that this move is in its community’s best interest to reschedule the launch date of the IDO.
While moving on, the company disclosed that preparation for a convenient token listing is another reason in this respect. It added that a couple of recently confirmed collaborations of YouSUI are important for its XUI token’s listing on the partner exchanges.
