Quote from: GTTIGER on June 06, 2017, 07:20:10 PM

Quote from: embermine_drake on June 05, 2017, 08:37:17 AM

Quote from: Mihawk on June 04, 2017, 06:18:16 AM

Dev, unfortunately ICO's goal was not achieved! What will become of the rewards campaign? Do I still have to send my information by email? What should be done? And will the project have the continuity previously discussed?

Due to the intentional design of our Escrow for the token sale, we must complete all of the returns to all of the sales since we did not hit the sales minimum. Because we intend upon launching the token anyway to honor all of our token obligations to all of the Employee, Marketing, and Code Bounty Pools, we have received notice from the vast majority of participants to get remain part of the token release. Since we have to close the original sale to process the refunds per the Escrow service, we will be holding a one day token sale "buy-in" for those participants who wish to remain part of the Embermine token distribution.

All purchase refunds will be happening on Monday automatically to the Bitcoin addresses provided by each buyer during the crowdsale. As we are processing the refunds, we will also be notifying everyone of the exact particulars regarding the sale, the timing, cost, and procedures to follow.

Thank you to everyone for their support. Here are the preliminary details regarding the sale:

Essentially, we are selling the tokens now at .0000004 BTC each, or 100X original value.
The original minimum purchase was .005 BTC which got the buyer 125 Embers. That same user now gets 12,500 Embers
This looks to be the token goals:

Target number of Embers to be produced: 58,823,530
Distributed to Token Sale buyers: 50,000,000
Total Distributed Outside Of Token Sale: 8,823,530
Distributed to Employee Pool: 3,529,413
Distributed to Marketing Pool: 2,941,176
Distributed to Code Bounty Pool: 2,352,941
Cost per Ember: .0000004 BTC each

All existing buyers will be guaranteed at least their initial commitment. We will guarantee that at least 50,000,000 tokens will be funded through this process, to ensure that all Employee, Marketing Bounty, and Code Bounty pools are properly vested as intended. This is not intended to be a replacement of the original token sale. Rather, this is the method of release we are doing in order to get our initial token created as we begin development and allowing those who want to see this project succeed to still be involved.

Because of the format the sale will take, this will be an invite-only event where someone must receive the link from Embermine or a current participant in the token sale. Each participant will receive a special link that they use in order to participate. There, they can claim their original tokens or participate at some other level. Once someone participates, they will receive an email confirmation of their order and a referral link that they can send out to another who may wish to participate. This process is to ensure that those who originally participated will still have the earliest opportunity to participate in the sale.

NOTE: These are just the preliminaries. We are working the details out with our Token Administrators and our Escrow partners and will let everyone know as soon as the details are all finalized. Some of these elements will change, but we are hoping to run the special token sale on June 6th.

Thank you to everyone for their support!

Not really understanding, does this mean that people that want to stay on board have to pay 100x the price of ico?

No, they will get 100X the original number of tokens for the same amount of investment.

Okay folks all of the transactions are verified and in hannd finally, which means that I can begin the process of refunding the transactions. Now, after careful discusssion with the Token Administrators and the Escrow signators, the problem with using account numbers from Exchanges is that many exchanges can only accept certain tokens or coin types, so if you are submitting a NEW coin to an Exchange wallet address, it will fail, and often get stuck in linmbo. BUT for returning funds, they would operate exactly as if you are making a deposit into your Exchange account as normal. There should be no issues. I am saying this because I know that some participants were nervous for this process because of they used a bitcoin exchange address to contribute. For those of you that I have already spoken to about this, I will make sure the transaction is handled properly. For those of you who may be concerned, we will are doing all transactions manually, so we will be sure all transactions are processed properly to the addresses provided.
With all the activity on the Bitcoin blockchain, some transactions may be delayed, but we will be sure that everyone has their refunds processed on our end in the next few hours. I will be sending email confirmations of the transactions by email along with more information regarding getting involved in the rebuy process. I am simply awaiting the funds to be released by the Escrow into the refunding account. Thank you for your patience! Also, if you participated but did not processed the payment for the transaction, you will also get an email from us that will show the unfulfilled transaction, in case there is any question on those and also provide information for participating in the final buy-in.

Everyone should have their refunds and emails by 12 Noon Central Standard time tomorrow. Please contact me directly by email or by Direct Message on Slack or Telegram if you do not receive it by then: james@embermine.com

Do not worry about the Token buy-in. We will make sure everyone has plenty of notice and information before we launch it.