Ever since I had my first guided tour of Virtual Universe back in April, I felt that this was something special. As opposed to so many other blockchain-based virtual worlds that were more hype than substance, VU felt like an actual, solid product, tantalizingly close to a release date. I was excited, and I promoted VU as often as I could on this blog.
But the cryptocurrency markets this year have been rough—absolutely brutal—lately. Many cryptocurrency tokens for various projects have lost a great deal of their initial value. Many people who jumped on board the cryptocurrency bandwagon when certain coins were riding high are now looking at their losses and cursing their bad luck. The Telegram channels I follow have been full of angry, bitter, and demoralized buyers.
Very recently, Virtual Universe decided to turn their VU token sale from public to private. Their only public message about this change was posted to Medium on Sept. 27th:
As the Industry continues to evolve rapidly, the VU Token team has been advised to take our sale private at this time. We want to thank our contributors and supporters for their patience as we continue to pursue private investment sources.
The Company intends that current VU Token owners will receive their tokens upon the conclusion of our token sale.
We remain excited and committed to the creation of Virtual Universe. Stay tuned to our social channels for updates.
The Virtual Universe Team
And then, silence.
In recent days, I have been approached privately by two worried people, one of whom had made a significant purchase of Virtual Universe tokens during their public ICO period, and another one who (like me) was an active participant in the VUtoken Partner Program. Both had the same question: “What’s going on?” I didn’t know what to tell them. I honestly don’t know what’s going on. But the sudden lack of communication is a very troubling sign.
There hasn’t been an “Earn & Win” task posted since early August, and I am starting to feel a little concerned. I’ve posted questions in both the Discord and Telegram channels for the Virtual Universe project, but nobody has responded to my questions.
What’s going on?