The list of accusations against Cointed seems actually to be a very long one from many different sides and points of view.
I just would like to point out that I have not made any accusations but only stated what the initial investor, co-founder of Crypto Unity OG and director stated to me. I am pretty sure that he knows what he is talking about as he paid for the first servers and allowed to set up Crypto Unity OG and is an experienced investor as well as an honest guy.
I can see absolutely no transparency at all and most of the recent ICOs have been provided way more information, especially when going for so much money. To be transparent it definitely needs more information:
- no detailed information is given on the past corporate transactions and the corporate structure and which entity owns what exactly. The former Crypto Unity OG shareholder has been bought out after a few issues and insists that he agreed with you to dissolve the company. That's his view but maybe he has the same misunderstanding with you like some other guys?
- obviously Crypto Unity OG still exists with new shareholders, it isn't shown yet in the Commercial Register, right? Furthermore, it isn't shown that Cointed GmbH is owned by Cointed Ltd in Hongkong, right? You shouldn't call this transparent, I guess.
- no proof is given on the revenue numbers of the past years that make the "key difference* to other ICOs. This should clearly be the case if you guys go for so much funds. The number we know is ZERO hence you have to provide the proof for your *key differentiator" to be transparent.
- Being an Austrian company with operations in Austria and Sweden and setting up a Hongkong Shell company as holding is not transparency at all, it's hiding or tax avoiding or regulation issues of whatever. With EUR 100M revenue in the past you must be a huge tax payer
- you are not delivering details on the investors in the mining business and details to the investment concept. According to the former director, there are some tax/legal/regulatory risks associated with it. This should be transparently explained I guess.
We are working on an analyzing blog post on the Cointed ICO and its background on Medium and LinkedIn and this forum really provided a lot of input. Thx for that.