Post
Topic
Board Announcements (Altcoins)
Re: [ANN] VendettaCoin - Scrypt - POW - VendettaHosting - Business Profit Share
by
ocminer
on 02/09/2014, 10:13:41 UTC

Also ocminer, what were the terms that were fulfilled as you said that bittrex believed the terms were fulfilled?


I'm at work now, so I don't have enough (or so much) time to search trough the whole CLSTR Thread, but here is one point:

https://bittrex.zendesk.com/hc/en-us/articles/203082940-ClusterCoin-FAQ?input_string=clustercoin

Here are escrow terms:
Code:
Bittrex provides an escrow service between coin developers and traders who want a safe way to transact presale coins. 

Before starting the ICO, the developer must:

Provide Bittrex with wallet code for code review before adding the coin onto our website
Mine a genesis block with the premine;  Any coins not part of the ICO must be disclosed in the ANN thread
Transfer the premine to Bittrex
Disclose the terms of the ICO
The length of time for the ICO
The price / market cap for the premine
The conditions for a successful ICO; For instance, the developer will refund all investors if the ICO does not exceed 50% of the premine
The schedule for ICO payments;  This can be as much as a lump sum after 7 days of the ICO ending or a schedule of payments over a series of months
The coin team must provide working wallets for Windows, Mac, and Linux and a stable blockchain up to 3 days after the end of the ICO
Publicize the terms clearly on the ANN thread; A link that verifies Bittrex will hold the ICO will be provided and must also be posted on the ANN thread
Provide Bittrex a minimum non-refundable 5 BTC payment for hosting the escrow.  This will be used to buy back the ICO if it is cancelled.  The escrow fee can be increased depending on the complexity of the terms of the ICO.



So basically .. After the Blockchain was running for three days and all wallets were delivered, the terms were fullfilled. POD was requester AFTER that and just with lots of pressure from the community.


As stated before - I've got limited time now, but you can see everything for yourself @ the CLSTR Thread.