Post
Topic
Board Tokens (Altcoins)
Re: 🔥🔥[ANN] Cointed ICO | 180 mio$ revenue | 100k GPUs | 100+ Bitcoin ATMs 🔥🔥
by
BlueChipper
on 20/10/2017, 18:26:19 UTC
Hmm, that's a very interesting discussion here. I talked with the co-founder and initial investor of Crypto Unity OG just a few hours ago. According to the Cointed White Paper, this is their subsidiary that has been involved in mining and software development since 2015.

The facts seem to be that:
  • Crypto Unity OG has been founded in spring 2016 (not 2015)
  • Crypto Unity OG has been terminated as of end of August 2017, the assets have been taken over by Cointed
  • the company never had any in-house capacity or competence for "advanced BIOS" or "operating system" programming
  • Cointed GmbH had zero revenue as of end of 2016 as filed with the Austrian Commercial Court
  • Aho and Orlov have not been founders of Cointed but founding members of Crypto Unity OG
  • Crypto Unity OG's business model was (is) to sell mining equipment to investors

This was what the founding investor and director said. Hence, this guy showed himself pretty surprised to find this statements in the White Paper.

I mean, maybe Cointed is not really a scam or fraud but to go for so much money in an ICO clearly needs more transparency, I guess. We are talking about a real fortune here, right? To set up a Hongkong-based holding company as an Austrian startup just a few weeks before the launch of the ICO isn't something that builds trust. From the discussion in this thread, I'd say that there are simply too many question marks.