Post
Topic
Board Announcements (Altcoins)
Re: [ANN] VendettaCoin - Scrypt - POW - VendettaHosting - Business Profit Share
by
Chris001
on 02/09/2014, 08:35:05 UTC
Due to the need of community. We're using the user "devthedev" as escrow.

Rules for escrow:

Escrow will be starting today to October 1st. After the coin launch. said features WILL be delivered on the dates stated in the roadmap on official website.

October 1: Launch day, if there are no "huge" problem in launch. devthedev to release 15% of funds to us.

October 15: VendettaSend to be released for the first time. Immediately after release. devthedev shall send us 50% of escrow. Once VendettaSend is reported working by community.

October 26: Vendetta Hosting website to be release. This is however will start with the vendettahosting providing hosting services worldwide. Will include File hosting and VPS hosting. Once it's verified that the service is LIVE. devthedev should release the rest of the funds immediately.


We will be contacting devthedev with these terms.

Well, these are pretty good terms. It leads me to believe that they plan on delivering. If they don't they don't get paid. Better than a POD if you ask me.

I got nothing against POD, but for devs that don't want to do one, linking the success of the project to the escrow releasing that money to them seems like a pretty good deal.

Are there holes in their terms I don't see?

One would think the coin would have these features. That doesn't seem to be the question.

The question now isn't about trust, it is, with what's on the agenda for them to get paid. When these things done, will it be a good coin

With escrow and terms like this, we don't have to worry about getting scammed, we can move on and decide if it's a good coin.

This is what all coins should do if they a have an ICO