Dear Inchain Investors,
I am the
third party escrow responsible for the Inchain ICO. Unfortunately, the minimum amount wasn't reached, and your ETHs will be returned to you.
The terms for the refund are as follows:
- Refund amount calculated as value sent to the
escrow contract minus an escrow fee.
- Escrow fee flat at 1.5% of value deposited.
- Up to $30 discount on escrow fee per investor(unique email), if participating in a survey.
The estimated schedule is:
- Send out emails to verify refund addresses of all ETH investors till Friday, Dec 2nd, 2016.
- Invites to survey till Friday, Dec 2nd, 2016.
- Deploy, document, and open refund contract latest Friday, Dec 9th, 2016.
- Close refund contract, withdraw escrow fees at 1PM CET, Friday, Dec 23rd, 2016.
Cheers,
Johann
Any questions via pm, or email to inchain [at] ocolin.com
Ethereum escrow fees is much less than that of Bitcoin.
I like the refund process for Ethereum. It is well planned.
Do Ethereum investors need to send you pm for verification process? (As in Bitcoin refund process)
Bitcoin escrow said that escrow don't take information about refund addresses from the ico company. They take information from Inchain, the whole purpose of escrow is destroyed .