Re: [ANN] VendettaCoin - Scrypt - POW - VendettaHosting - Business Profit Share
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.
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.
Reposting escrow terms. If any of the terms are not met. devthedev is the one responsible for sending the coins back to investors.
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And "Escrow" is really nothing worth - just take a look at CLSTR etc.
You're wrong. As far as I know. Everyone was refunded of that escrow. That was held by Bittrex. That is what escrow is for. What do you expect? Now if someone dumped their coins at below ico prices because they "thought" there was going to be no refund. They just listened to FUD. I have nothing to do with all that. Just explaining what happened!
Honestly what happened with CLSTR(fuck):
All of bittrex' terms for releasing the IPO were fullfilled, due to massive pressure of the community they and the dev were forced to do POD. Nobody really knows why - but the rumors say that the Dev tried to do POD with fake documents and CryptoAsian noticed that and stepped back from verifying the Dev and did NOT give POD. Bittrex then created a massive buy wall - as promised - and bought the coins back. They should have released the coins earlier since all terms were fullfilled for releasing though... (and they did almost)
I've read your
How much BTC would 15 % and 50 % be ?
15% is of whatever amount is sent to escrow. some funds are already sent through our website as well. 15% of funds are released to us only if the coin launches successfully.
50% equals to 50btc if the full amount of coins are sold. 15% is 15BTC if ALL the ICO coins are sold. Again, escrow terms are crystal clear. You have the freedom to not invest if you think the terms are incorrect.
Also ocminer, what were the terms that were fulfilled as you said that bittrex believed the terms were fulfilled?