Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Syscoin - Business on the Blockchain - LAUNCHED!
by
evtrmm
on 17/08/2014, 15:32:25 UTC
Moolah: "We are guaranteeing that in the event of a major issue, we will be fully covering refunds of the 1500 BTC Syscoin ICO."

https://twitter.com/moolah_io/status/501024911780241408

ye, they try 2 stop panicselling, else it cost them more and also it hurts their reputation, so they are just doing it to safe face, doubt they still believe in the devs

FAIL -  if you read the OP anytime leading up to the Launch, you would have seen that they guaranteed this even prior to launch.  Yes, to protect their reputation, but also to protect investors money.  They also have most of the ipo still in escrow, just in case it doesn't work out.