Quote from: Crypto Kong on December 06, 2017, 05:49:39 AM

Quote from: credencecoin on December 06, 2017, 01:41:26 AM

Quote from: didi-man on December 05, 2017, 11:41:27 PM

Quote from: sluppy on December 05, 2017, 11:17:08 PM

Quote from: strelok25 on December 05, 2017, 11:07:25 PM

Hi, what happened to the CRDNC coin, I see a large drop in prices on exchanges from $ 4 to 0.40 cents, which is probably due to the fact that the CRDNC network is not working well and developers are not following their project.

Dev 1 claims Dev 2 stole and dumped the premine , now its a question if dev 1 will give back the BTC he took in the ICO.

Thats classic, do we know how many coins dev2 stole and how many have been sold on Mercstox and coinex in the past 24h or so?

If dev one is honest then how about he gives us back btc or whatever is left unless dev 2 stole btc as well

i dont buy official story, easy way out, stealing/hacking ..cant prove or disprove anyting

This Dev is Honest and is totally shocked by what has happened and I would not be here to face the music if this were not the case.
And I am sure many of you are feeling shocked, angry, ripped off and dismayed along with a few other explicatives about what has happened, all I can say is that multiply it by 20 and I feel the same. I was blind-sided by this and saw it coming as much as you did. There was no need for it to happen at all but how and when and the way it happened still has me personally in shock. There has still been no communication so one can only assume the worst.

My initial response was truthful when I said we are moving funds around as I had asked him to send me both some premine and BTC for the site going live, so when someone mentioned pre-mined movement I assumed that was what he was doing, then after the 2nd movement and the price tanking it became clear he was not shifting funds around he was dumping. By the time he was finished it was too late that is why I tweeted do not buy any on exchanges.

If he was hacked and said so then I could secure the remaining pre-mine and the personal and the coin could survive this but with 2.2M of coins out there potentially to be dumped at anytime then the coin can never recover as a lending platform in it's current state.

Credence Coin was a great project, at completion and about to move to the next level and the business model was strong and sustainable and would have seen all investors profit. The fact that this was done, not only to run off with a lot of the ICO money but by using the pre-mine it was done in a way that would see the coin itself destroyed really rubs salt into the wounds.

He could have just waited 2 or 3 weeks and probably sold less of his personal and made the same if not more money but instead he decided to destroy the coin and run off and remove all contact. Had he said he wants no further part in it and sold his personal over a 3 or 4-week period Credence still could have survived that but instead it was done how it was done. As I said in a recent post, what he did he could have done in a slow and methodical way to dump his coins and make more money before taking off, but the fact that the premine was used and it was done in an obvious and aggressive manner shows he wanted to kill the coin, I still do not understand why and probably will never know.

What makes it worse is people trusted Credence and the coin and its community would have seen it grow and grow and the Dev that has run off had he not done so probably would have been a multi-millionaire within weeks or months with Credence coin so again, I am dumbfounded as to why he would do this. You think you know someone but this just proves you cannot trust anyone in crypto. There is the still the slight chance he was hacked but even if that was the case I would have heard something from him by now and not been blocked.

I can only again offer sincere apologies to all affected, even though none of this was my doing and I did not see it coming I really am sorry for those who lost money.

I know that talk is cheap but that is all I can do is apologize.

So that leaves 2 options, I can either A. Have a new coin made on a new blockchain and have the platform run with the new coin and do a swap for swap for current holders. or B. Refund every ICO investor a portion of their money, I will refund every single dollar that I have left from the ICO in a ratio to amount invested. Unfortunately, I was also the one paying for all of the expenses for listings and the custom coding of the site and every other expense to do with the Coin and there is also the issue of those who dumped their ICO coins once the coins tripled in price on the markets. So some people will be paid for nothing but if their wallet balance is shows the coins were sold then no refund. And the other dev had half of the funds so again it makes no sense why he would kill the coin when if he wanted to do a runner he could have just cut contact and walked away wealthy.

Should option A be viable , I know that Crypto kong is part of one main group of investors and also is part of the Telegram which I am not. If there was to be a new coin created I would do so under the proviso that the whole premine, website and coin is owned by that group of investors, not myself and I will send them the remainder of funds I have from the ICO for interest payments to holders. I want nothing more to do with this other than to leave with my dignity and for all investors and supporters of Credence to know that at no time did I see this coming or plan for it to happen, you only get one shot at getting rich and that was mine and it is over, I accept that but it still leaves a bad taste in my mouth when I know what could have been.

The platform is built and ready to go, and any coin can be attached to it, it is jut a matter of changing the coin and Daemon over.

So while I do not want to get into a lengthy discussion about how it will play out, because frankly I am ashamed to be even posting in this thread now. I will contact Kong and see if his investment pals are interested and if it is to be the case then he can announce it to you guys. Should they not be interested, I will post here one more time with details about how to obtain a partial refund for ICO investors.

Once again I am very sorry this happened and either way, I want you to know that I personally will not be left with $1 after this because I will either be refunding all of the remaining funds from my side or redistributing everything to a new project of which I will have no part of and have evidence of transfer if that is what will help the coin holders now more so than a partial refund to ICO investors.

It's not everyday that I wake up with 10 000 msgs in my inbox.

For those who are not familiar with me nor my Credence group. We were investors just like the rest of you guys. Some of the guys including me had multiple addresses making up much of the top 20 coin holders and we got screwed over here just like everyone else did. So don't have any misconception of that. We are talking about people losing $100's of thousands of dollars in what just happened.

Asking us to take over a mess like this is pretty much social suicide, because even if everything worked out okay for the first few months somewhere down the line something is bound to go wrong again and now there would be a scapegoat for fingers to be pointed at. That being said...

This project can be handed over to the group of main investors who have agreed that they will consider it on two conditions.

1.) I am given access to the website and backend.
2.) The remainder of the seed money is secured by us and out of the hands of these guys.

Giving us access to the website will first of all prove that there was intention to complete this project and that it can be taken over my the main group of investors should they decide to do so.

Securing the seed money at least gives us confidence the Credence devs will not run off with what they have and it will remain in an address that is completely visible to the public.

Everybody is going to have different opinions on what should happen from here on in, but any resolution is better than the one we are currently facing.
We await your response and should you agree to these terms said group of investors would consider that you at least have some kind of intention of making this right best you can.

Let's see how is the answer from Dev about this situation.