Re: [ICO] Primalbase: Distributed Workspace for Tech Community - June 26
I was thinking of investing into primal base just for kicks. I was going to throw in a small amount and see how it does. Then I read this in the ToS:
So basically, if they decide that they don't want to go ahead with this business anymore they thank you for the donation! (Not your investment. Did you notice that too? That must have been a Freudian slip).
This is how you distinguish the entrepreneurs who fully believe in their business and the ones who don't. No thanks. I'd rather invest with an entrepreneur that will do whatever it takes to succeed, not one that if they give up they just keep the money and have no legal recourse so to speak.
Quote
9 Cancellation and refund policy
9.1 By participating in the Crowdfund, you acknowledge that Primalbase is not required to provide a refund for any reason, and that you will not receive money or other compensation in lieu of a refund, and you consent to no right of withdrawal from the fund of the Crowfunding.
9.2 All donations to Primalbase are final and nonrefundable
9.1 By participating in the Crowdfund, you acknowledge that Primalbase is not required to provide a refund for any reason, and that you will not receive money or other compensation in lieu of a refund, and you consent to no right of withdrawal from the fund of the Crowfunding.
9.2 All donations to Primalbase are final and nonrefundable
So basically, if they decide that they don't want to go ahead with this business anymore they thank you for the donation! (Not your investment. Did you notice that too? That must have been a Freudian slip).
This is how you distinguish the entrepreneurs who fully believe in their business and the ones who don't. No thanks. I'd rather invest with an entrepreneur that will do whatever it takes to succeed, not one that if they give up they just keep the money and have no legal recourse so to speak.
Plese tell me a single ico that made a refund if they fail.
I will help you: no one will never refund you in this world.
You dont want to take a risk? Go and buy some bank shit with an assurance and take your 1% revenue/year and stop fudding here
I'm not saying if they fail. This does not say if they fail. This says for any reason. It's not FUD, it's right in their ToS. Maybe you should be a little smarter with your money and actually read these things instead of throwing your Satoshis at any ICO that comes along.
Care to explain why investments are considered donations? I'd love to hear that explained to the public.
It would appear that investors are the only ones taking a risk here and primal base is taking absolutely no risk at all on their end. They do not have to pay you back if they don't even try to make a working business. They don't have to pay you back if they decide to go on an all expenses paid vacation to Las Vegas and gamble away your funds. This looks like the Mycelium Crowdsale all over again.No revenue to speak of, no working business model,
well said 
How professional.
ok is clear you dont know what an ico is and is the first time you read a Tos.
Wellcome to cryptoland chris, and goodbye.
Thanks for showing your age and welcome to my ignore list. I've only invested in successful ICOs thus far, and won't be investing in this one without proper answers. It's good to be sceptical. That's how the human race survives.