Quote from: NewWorldCoiner on August 25, 2017, 03:27:02 AM

Quote from: BlueChipper on August 24, 2017, 01:23:20 PM

I might be interested though. You will have to clarify exactly how much money from the ICO will be used to fund your litigation, and how providing you with those funds will benefit us. Also what level of protection (if any) is provided for us as investors, owing to the fact that BitRush shareholders and legal professionals are to receive a 50% discount for this ICO. If you can do that, I'll stop using the bad words. I might also throw some money at this, and I may even help you.

Hi @NewWorldCoiner. I fully agree with your that it needs more details before we start the token sale. We'll come up with more details over the next couple of days. In order to provide as much transparency as possible, we will open a forum on our site where all the details can be discussed.

We, the founders of BitRush have agreed with Litigation Coin Ltd (the legal entity that runs the project) that we share the proceeds with 50% in case we win, i.e. 50% of the damage payments will go to the to the LitigationToken project. Currently, we are working on a Swiss foundation that will finally govern the LitigationToken ecosystem with trustees like lawyers and auditors. To give you a better feeling: together with other shareholders (please read "BitRush Case Facts) we seek a USD 30M damage payment for all participating shareholders. We think that it needs some USD 500k to USD 750k to file the respective claims. We have already filed one claim which is already registered and dealt with a court and we did some other legal actions, i.e. we are not starting from scratch.

Additionally, we the founders have agreed to give away 50% of our shares in BitRush Corp to Litigation Coin Ltd. So, even in the case that we do not win, token holders and the LitigationToken ecosystem have the shares that could be worth something in the future once the legal battle is settled.

We thought that it may be a good idea to offer legal professionals and BitRush shareholders the possibility to join with a discount if they agree to deliver either service (i.e. make the ecosystem strong) or participate in the Class Action. This will benefit all token holders we guess as we hope that with excellent legal professionals more startups and founders will turn to LitigationToken with their legal issues.

I appreciate very much that you are such a critical person. That's exactly why we decided to go into Bitcointalk forum to receive the first feedback and have the first discussion.

As I wrote above, we'll come out with the detailed numbers over the next couple of days. All court & litigation documents will be published on our site, can be downloaded and discussed in our LitigationToken forum i.e. full .

Let me know if you have any further questions. I'll continue to update our progress anyway. Thx and cheers.