Sphynx Update 11-17-23
Mic check 1-2… and we are back. It has been a while since the last update. We hope you are all doing well.
The world continues to spin in spite of conflicts and uncertainty. In fact, over $700 billion has flooded into the stock market and US inflation is lower than expected. In the world of crypto Bitcoin is currently holding over $35k. Ethereum is much less exciting but currently at about $1900. BNB is at $243 in spite of CZ having a legal battle with the SEC over Binance US.
There are cries on Twitter and the far reaches of Telegram that Alt Season is upon us. If market sentiment continues to improve, that will likely prove to be true.
As for here at Sphynx Labs, we have been busy with a few different things lately.
As some know already, we have teased the third part of SPay, our physical POS for brick and mortar businesses. This will allow us to expand our crypto payment gateway beyond e-commerce sites with our API, and into the real world. The team has been hard at work reaching out to businesses local to them and around the world.
Sphynx also recently won a contest with the Bitgert Exchange against another project thanks to our community. We were chosen to be listed for free on the exchange. The listing was delayed slightly, and the new trading live date is set for 11-22-23. This will be the first of many listings to come.
In terms of general marketing we are also running ads for all of our utilities in an effort to further grow the community. This initiative will be further grown by adding other forms of marketing. The Sphynx Telegram has been growing steadily over the past few weeks organically.
We know that everyone is waiting for the $SPHYNX ETH pair and we hear you loud and clear. We are very excited for it as well, however everything has to be right. Timing, cost effective marketing, and volume are all paramount to the best case scenario. It is quite easy to waste money in this space, so careful planning is going into everything we are doing. We have to be especially thorough since we are also looking to get CEX listings at the same time and that requires good volume to be done correctly. Rest assured it is coming when the time is right.
As always, thank you for reading and for your trust in Sphynx Labs. You can stay up to date by the minute by joining the Sphynx Telegram at the link below, and by following us on X.