Quote from: USEcoincommunity on October 15, 2014, 07:51:08 PM

Quote from: RenascenceExchange on October 15, 2014, 06:33:46 PM

Quote from: mnl92 on October 15, 2014, 06:18:03 PM

So you want people here to send you 200 BTC without any escrow?

Our team discussed escrow possibilities at length in our preliminary planning meetings, as we anticipated that many potential investors would see the lack of escrow as a concern. First, let me point out that RNC will be available for purchase on the exchange shortly after launch, so latecomers will still be able to participate in the profit shares program (assuming initial investors take the opportunity to lock in some profit and sell a portion of their IPO coins).

Regarding escrow, it is of paramount importance to the Renascence team that we remain responsible for our funding, our exchange, and our reputation. Too many bad actors in crypto are making shady deals, and then blaming their mistakes upon situations and events which were "outside their control." The reason for us not using escrow, is that we want to remain in control of the investor funds at all times, since ultimately, we are the ones responsible (and answerable to the community) for their proper use and allocation.

If you have reservations about investing in the early stage of the IPO, then be assured that there are no hard feelings--you are always welcome to buy RNC off the exchange after the launch, or just watch from a distance if that's your style.

Thank you for your question though, and for your interest in this project. Welcome to Renascence

This response actually makes more sense than I want it to.

If the community would rather, we could use a trusted escrow service such as Moolah. .....Oh wait! Nevermind, I think we'll remain responsible for these funds ourselves, and not trust third party escrow services with our investors' money.