Bter had been one of the exchanges we were talking to about the crowdfund. We don't know all the facts, but the allegations coming out on bitcointalk and twitter about Bter and Bitbay are troubling. Our condolences to those who've been affected by what might have happened there.

This sort of thing not only damages the coinholders immediately impacted. They hurt all of us - it makes it harder for those of us who want to bring real innovation and value added to this space to get the support and confidence we need to make our project a success.  

We're new to this crypto space and for us the crowdfund has never just been about raising funds. Although that's important, the bigger function was to serve as promotional/marketing event - an introduction of our brand to a larger audience.

We want a clean launch that's seen as a clean launch. Nectar aims to be a bright light in the troubled world that is crypto today.

Needless to say, after today's allegations, we are no longer interested in having our CFC co-hosted on bter and not interested in having our coin listed there unless the allegations involving bter and Bitbay are conclusively proven false.

Judging by what we've read, that seems pretty unlikely.

To our community, we'd say this - it's darkest before the dawn. We intend on bringing a breath of fresh air to the world of altcoins as soon as we possibly can.