Quote from: biggzi on May 11, 2017, 09:20:28 AM

Quote from: FandangledGizmo on May 11, 2017, 08:56:31 AM

Waves is a cool project but the reason I'm posting here is because the CEO of waves is escrow for encryptotel. They had a max cap of $3 million as clearly stated on their ICO page.

At the last minute they changed the ICO terms

Quote from: FandangledGizmo on May 10, 2017, 07:06:31 PM

Quote from: EncryptoTel_Community on May 10, 2017, 06:59:24 PM

https://medium.com/@encryptotel/encryptotel-crowdsale-ends-with-the-collection-of-3-million-e17a6bf4444b

we will be leaving the crowdsale open for a final 24 hours, before closing it for good. We consider this the fairest way of ensuring investors all get a chance to commit funds, without unduly diluting our market cap.

Imagine if the TKN crowdsale which reached their CAP in less than 30 minutes, said "oh by the way, we're actually going to leave the crowdsale open for a final 24 hours, before closing it for good. We consider this the fairest way of ensuring investors all get a chance to commit funds, without unduly diluting our market cap."

They have finally closed at $4.4 million. Should Sasha release the escrow?

The decided to leave the sale open for another 24 hours due to technical problems with their site.

Someone at the last minute dropped a ton of Waves. Its not hard for them to refund any oversold so stop worrying!!

It's funny that you use TKN as your example because they had exactly the same problem! lol their ICO oversold the cap. The refunded people. Sorted. Everything is OK.

You are 100% right that if they just refund people over $3m, it is sorted, everything is OK.

However in this case the extension announcement was made after someone dropped the ton of waves I believe?

Do you agree that if they don't refund excess money but want to keep the $4.4 million. Sasha should not release the escrow?