Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ENVY] Envy Coin | ICO- closes today | Asset Backed | Profit Share program
by
Tony Lane
on 05/10/2014, 20:31:35 UTC
There will be no mining unless we meet the minimum BTC. And we only have a few hours and need a min of 83 more BTC. It could happen there was an ICO that sold a few hundred in about a day.

What about lowering expectations and living with what you get? Hard to recover from a failed ICO, it sends a negative message.

You have to remember this ICO is not for my time or something we will try to make in the future. It is for items that have a set price that will be bought with ICO funds.

So what is the B plan if the ICO doesn't sell out? Or would you throw in the towel?

Towel will be thrown in. I can't keep everyone's money tied up hoping people will change their mind. I spent $3k to get it here and I will not do it again. People have voted with their money and they have told me they don't want a coin with an actual plan to make you money. Or they don't want me. I just read some of the recent ICO's and I know what I did wrong. I gave a plan with a lot of planning and thought. That meant you would have to read a bunch. I read some of the others and they say we will work on more things once we get the money. And we are taking a large portion of the funds to pay ourselves. I just can't help but laugh and how people invest. It almost makes me think they have a high amount of BTC. And they buy their own ICO so others will throw their BTC at it. Than they wash a repeat. (Not saying all but some seem like it)

Man that's a shame we're not going to get off the ground. I'm sorry you had so much invested into this :/ You don't think there is any alternative? Really it's such a good idea. People WOULD come if there was a working coin. The name of the game in most coins is expansion over time, all the other ones end up being rushed into with massive support are pump-dumps. Not saying if there was a successful ICO that would have happened, but there may have been merit in trying to start small, which would also help reward early adopters.

I'm sure you have reasons for giving it up, but from looking in as someone that's not a dev, there was so much potential.
This could could have ACTUALLY been different. Not just a new algorithm or other trivial shit.

Please rethink. I know this is an emotional time for you, personally and professionally but you are the first to think of this. Someone else will just cheaply pick up all your hard work and launch another coin with the same elements and you'll kick yourself.

I just don't know how to keep this open. I am all ears. Bittrex can't do a ton because they still have to protect the buyers. I know they give me a more leeway than others because they trust me. But at some point we have to go based on terms of the ICO.

You guys know what is amazing. There are some pretty big users ( rep wise) very few newbies in here. And this is probably the least fud thread I have seen for a new coin. I am about hit the road so I will be off for 5 hours. Please post ideas. I will check from my phone as time gets closer. I just don't see how I can ask bittrex to hold everyone's coins for a few days when we hope to sell more than 4 times what has been sold to date. I do not think they would be ok changing the min BTC to complete ICO.

You'd have to find a way for those who want out to get their BTC back. I think Bittrex and those committed to seeing this through would prefer a middle ground where everybody's happy.