HEROCoin is quite capable of paying, they have plenty PLAY in reserve but are just choosing not to pay at the moment. The main fear stated is of violating KYC legislation, if this was genuine then value could be directed to a recognised body. However this option was never considered. I respect the company operates in EU and must deal with regulators, we may have to appeal to those regulators in due course regarding this failed debt so this will not be a negative I hope but makes payment long term more likely.
Alot of time has passed but since PLAY isnt even in proper operation yet so its still very good reason to pursue the missing tokens. I even hold some PLAY myself and I believe apart from this 14 day rush the company is likely to do well. I've held similar royalty type tokens back in 2014.
I do need more names and details of non payment of ICO tokens. Its possible action to recover lost tokens can be taken and certainly I dont think the law supports a company wiping a debt clear forever using KYC as the reason. Its too open to exploitation and profiteering to allow honest business to operate in this way.
I have updated the 2nd post with various peoples lost tokens but really I would like to see far more register. Over 100,000 PLAY tokens owed I think would be a good target and make collection for all of us more feasible.
In any case I will not allow this failure to go ignored and I think it is a mistake by the company to treat people like this and believe the law would support wiping out a debt in 14 days without ever altering the original Terms and conditions stated. Any company could make an easy profit if it were allowed to just forget a bill due.
I will also open a wider campaign for proper operation of KYC. I'll follow up with this once I have a petition ready to sign
Please post your details I believe KYC here is just an excuse to pay less. They left undistributed tokens to themselves. This is the motive to exclude more participants.
Their questionary is not the real KYC, it's a fake KYC.
I know very well from the Austrian community that HeroCoin did all important steps as a company to have a token that fulfills all Austrian laws. Furthermore they have been the first big Austrian ICO and they worked together with several tax and general lawers.
The KYC part is important according the law.
Do some deeper research and you will find out, that this more legit than several others.
I hope it is more legit and we can find they pay their debts like every other company. Not allowing people to pass KYC after just 14 days is not part of any wider law but just a decision made by the company unilaterally. There is an ongoing debt standing by any rational process, unfortunately so far they are unable to deal with people left unpaid.