Quote from: goldengatesgreenest.com on September 02, 2015, 06:37:35 AM

Quote from: fartbags on September 02, 2015, 06:35:35 AM

Quote from: stoner19 on September 01, 2015, 05:52:44 PM

Quote from: SecretsOfCrypto on September 01, 2015, 05:51:30 PM

what happens to the unsold coins? are they burned?

Yes. The only R3D that will ever be in circulation will be what is sold during the CFC (assuming we reach our minimum of 800,000,000 R3D sold). No new R3D will ever be created.

I am confused. So if the CFC doesn't sell out... all the BTC gets returned and the project never happens?

yup, if it does not hit 800BTC, all the BTC is refunded.

Every single crypto CFC/ICO that has raised over 800BTC has performed either the marketing scam or the bubble scam. They basically give away coins to news outlets, give coins to conference managers so they can speak at conferences, sell coins for cheap to insiders and/or take out loans with high interest.

If you look at every single big CFC you will notice a substantial premine that isn't part of the CFC.

Ethereum 12%
Factom 50%
Augur 18%
GEMZ 20%

I commend syntax for not going the route described above. It's too bad that the top news magazines refuse to support good projects like this just because they won't pay for articles.

Stay strong. The good honest people will win in the end.