diff --git a/README.md b/README.md
index 964121e210c9..5657bd07cf6f 100644
--- a/README.md
+++ b/README.md
@@ -1,38 +1,11 @@
-# Basecoin
+# Coming soon
 
-_DISCLAIMER: Basecoin is not associated with Coinbase.com, an excellent Bitcoin/Ethereum service._
+Cosmos-sdk is the successor to basecoin, but it is not yet ready.  All
+development is happening on branches and there is no stable API yet.
 
-Basecoin is an [ABCI application](https://github.com/tendermint/abci) designed to be used with the [Tendermint consensus engine](https://tendermint.com/) to form a Proof-of-Stake cryptocurrency.
-It also provides a general purpose framework for extending the feature-set of the cryptocurrency
-by implementing plugins.
+Potential release maybe late September.  Please watch this space for details,
+but please don't build on it yet.
 
-Basecoin serves as a reference implementation for how we build ABCI applications in Go,
-and is the framework in which we implement the [Cosmos Hub](https://cosmos.network).
-**It's easy to use, and doesn't require any forking** - just implement your plugin, import the basecoin libraries,
-and away you go with a full-stack blockchain and command line tool for transacting.
-
-WARNING: Currently uses plain-text private keys for transactions and is otherwise not production ready.
-
-## Prerequisites
-
-[Install and setup Golang](https://tendermint.com/docs/guides/install-go).
-
-## Installation
-
-```
-go get -u github.com/tendermint/basecoin/cmd/basecoin
-```
-
-See the [install guide](/docs/guide/install.md) for more details.
-
-
-## Guide
-
-1. Getting started with the [Basecoin basics](/docs/guide/basecoin-basics.md)
-1. Learning to [use the plugin system](/docs/guide/basecoin-plugins.md)
-1. More features of the [Basecoin tool](/docs/guide/basecoin-tool.md)
-1. Learn how to use [InterBlockchain Communication (IBC)](/docs/guide/ibc.md)
-1. See [more examples](github.com/tendermint/basecoin-examples)
-
-
-To deploy a testnet, see our [repository of deployment tools](https://github.com/tendermint/tools).
+You can currently use https://github.com/tendermint/basecoin to build your abci
+apps.  Much of the business logic code can be ported over without too
+much difficulty.