Ninjastic
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Re: Neucoin presale selling like pancakes. Should I buy some or not?
by
bitcoin_bagholder
on 30/04/2015, 04:07:51 UTC
Quote from: tokeweed on April 30, 2015, 03:48:48 AM
Quote from: bitcoin_bagholder on April 30, 2015, 03:45:09 AM
Quote from: vabtc on April 29, 2015, 03:05:28 PM
What a bunch of bullshit.  

1) They claim they've sold over 70M neucoins for over 3K BTC.
2) They claim the proceeds are visible here: https://blockchain.info/address/3MrNuksZ1VePU3dGiSQFiouWerJUJgDkfH
3) There is .05 BTC in that address

They originally listed the names of people behind this scam in this article, but they have since been scrubbed.. INTERESTING HMM?
https://www.cryptocoinsnews.com/neucoin-teams-techs-top-executives-bring-cryptocurrency-masses/

Clearly the next GAW.  Assholes.  Fuck Off.


Right now there's over 2,700 BTC in that address.

Are there any stipulations in their terms and conditions that they won't be holding all the BTC in BTC?  Will they be selling part or maybe all of it like what Factom did?

They don't say. It will be sent to their three "foundations" to "fund core development, consumer marketing and projects that increase the utility of the decentralized cryptocurrency, including platforms for micropayments."

The way it's worded they can exchange the BTC for fiat after the coin launches...

From their site:

Proceeds refunded if launch does not occur by September 30

All proceeds from the presale will remain untouched at this publicly visible and verifiable address: 3MrNuksZ1VePU3dGiSQFiouWerJUJgDkfH until the NeuCoin cryptocurrency is created and launched, expected to happen in July 2015. If the creation and launch for whatever reason does not occur by September 30, all presale purchases will be refunded.

Proceeds used to increase utility and value of NeuCoin

Following creation and launch, all proceeds will be distributed among NeuCoin’s three Isle of Man-based, non-profit foundations - the NeuCoin Code Foundation, the NeuCoin Growth Foundation and the NeuCoin Utility Foundation - and will be used, along with cash remaining from NeuCoin’s strategic angel round, to fund core development, consumer marketing and projects that increase the utility of the decentralized cryptocurrency, including platforms for micropayments.