Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ICO-OVER][PROC] ProCurrency| COIN BACK REWARDS |70+ BTC COLLECTED
by
drays
on 03/03/2017, 22:26:44 UTC
I wonder why Lauda and MinerJones risk their reputation on this scam. Wasn't it enough of a lesson with Ascendancy..?

Have anyone read the Escrow agreement?
https://www.procommerce.io/static/site/img/PRO_unsold_coin_scrow_agreement.pdf

Note this part:
Quote
When the PRO Coins are premined. 75% of all unsold coins will be held in an Electrum based
multisig wallet.

Only 75% of unsold coins are kept in Escrow. The rest 25% are exclusively controlled by Devs. And those 25% is a HUGE amount, orders of magnitude bigger than the total number of ICO coins.
It offers a great dump on you folks!


Please refer to ANN for your question.
Those are being used by the reward APP.

Kind regards,
Patriarch.

"being used by the reward APP" == "at full disposal of Devs". So Devs can dump them at any moment.

I have an offer: let those funds be escrowed too. They can be released by escrows in small amounts (1%) every month. Why not?
If that is done, then the project looks not so bad. If it is ignored, then I am sure this is going to be a Scam.

EDIT: as the unsold coins number is 1000x bigger than sold coins number, even 1% per month is way too much. Should be 0.01% per month maximum.