Last week, we reported about the initiative of crowdfunding that the team on Verge had; I personally categorized it as an irresponsible and cryptic (and not in the sense of crypto) move. The idea of proposing people to crowdfund something that was not even revealed, and only referred to “a big partnership” should worry anyone. We reported this news last week in an article called “The Verge Announcement: Crowdfunding Smoke?”, published here.
Still, it seems that despite all the problems and drawbacks that this campaign had, it still managed to collect the amount declared to complete the goal announced. The guys of the Verge team raised more than 75 million of XVG, in part helped by a partnership with a payment company called TokenPay, that doubled the amount of money donated on the last day of the crowdfunding event.
But what was the achievement? Apparently, the announcement of an announcement again, coming full circle. @justinvendetta, the founder, and lead verge developer published a video in his Youtube account, that was also referred in a Tweet of the official Verge account. In this video, he announced that the alleged partnership with the big enterprise that wanted to get in the cryptocurrency world would be revealed later this month, accompanied by a global campaign.
The problem again is that no concrete thing is said about the enterprise that supposedly has been secured for the partnership. If the partnership has really been secured, why can’t its name be released to the thousands of people that, even half blindly, donated and supported the verge project? We have no reasons to doubt the announcement, but all this campaign is something new to the crypto industry. Of course, crowdfunding campaigns are not something new, but to the cryptocurrency industry, and in the way that it has been managed, this indeed is. We’ll keep an eye on the future development of this story as it progresses.