Post
Topic
Board Exchanges
Re: ***Warning: Visited Poloniex' "Corporate Offices" ***These Are My Findings***
by
Hypocritus
on 02/09/2017, 06:00:23 UTC
Wait a minute.   A lot of corporations are incorporated in Delaware,  but in name only,  meaning they don't have any offices or anything actually in Delaware other than a filing cabinet full of papers.  That's a common thing because of Delaware's lower tax rate. 

I wonder where polo actually has all their trading stuff.  I'm pretty sure it isn't in DE.  Sorry to hear about your experiences with their shitty customer service. 

Thanks for the sentiment. Yes, according to delaware.gov, 66%+ of publicly traded companies make their "legal" home there.

But it is very misleading to the majority of the population of the U.S. crypto-traders -- especially to those who are wondering if a service can be trusted -- to time and time again make declarations of validity and implied trust with statements like, "We're a U.S -based cryptocurrency exchange, [operating from] Wilmington, Delaware [so you can trust us]."

Um, no, you can't:

https://www.bbb.org/delaware/business-reviews/foreign-currency-exchange-broker/poloniex-inc-in-wilmington-de-92004252

Defend Poloniex with devil's advocate all you want. I sure did. I loved them. And again, And ... I kind of did, again. Then finally, Tristan D'Angosta's [persistent lack of] Customer Support, and cold neglect broke me. He makes well over $100 Million dollars a year. He can afford good Customer Support, right now. But he doesn't do it.