This third quarter of 2018, almost a year after we launched an initial coin offering, is obviously the most exciting moment for Indigen so far.
Being one of the first cryptocurrencies with its own blockchain, and the only existing mineable coin in the Philippines, Indigen continues to prove itself as a world class innovative blockchain project with genuine use case. Unlike many of the existing cryptocurrencies in the market today, Indigen was developed with a solid mission and vision in mind, and not simply for mere fun or profit.
When we first launched our web wallet back in December 2017, we initially used Bytecoin core for our blockchain. But after few months of going public, we encountered performance issues in our web wallet that is why to prevent future problems when we have grown much bigger in terms of blockchain size, we decided to employ a more stable blockchain technology. Although Bytecoin uses Proof-of-Work which can be mined using ordinary computers, a better consensus protocol called Proof-of-Stake was decided and we used masternode blockchain technology for the core. Among all the masternode coins in the market, PIVX core is the most popular, so we went ahead and used it for the new Indigen. So in August 18, 2018 we completed our new masternode blockchain and mined the genesis block on that day.
Another major achievement this year happened just recently when our new Indigen coin got listed on CREX24 Cryptocurrency Exchange last September 11th, which will be the first among other exchanges we are applying to list. So expect to trade our IDG on some other exchanges in the near future.
We are just welcoming the 4th quarter of 2018 and a lot of things can still be accomplished before the year ends. Our goal is to keep building new features in our back office and mobile app in order to give more uses for our Indigen coin and help push its value higher. As we keep growing our community, so will our line of products, services and features be. And while we are on it, we will have more outreach programs along the way as part of our mission and commitment to uplift the lives of the poor indigenous people through our cryptocurrency and blockchain project.
Again from the bottom of our hearts, all the gratitude we impart to you for your continued and unwavering support in our projects. Thank you.