Fair enough but the coin is picking up again after we've launched the product - check https://coinmarketcap.com/currencies/raise

Also, the program promoted here does not pay in RAISE tokens but in DAI.

Quick update about the terms of this program. We are changing the eligibility requirements so to de-incentivise abuse. Referrers can gain 50 DAI for every first-time investor that invests 50 DAI or more.

Well this looks cool, thanks!

KYC is not required to use the referral program but it will be required to withdraw rewards. This is to avoid abuse.

---

---

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About Raise

Raise is a transparent and secure platform that connects borrowers (businesses) that look for credit, and lenders (private investors), willing to invest their crypto assets in exchange of attractive returns.

The referral program

Raise will reward users that refer new investors with 50 DAI per investor. People wanting to leverage this program will need to sign up on our platform using the link below, connect their Ethereum wallet (rewards will be paid only to that) and share their personal link - which will be available in their personal area:




Conditions

• Only applies for referred users that complete an investment with Raise for the first time.
• Rewards will be paid to the wallet address associated with the referrer account
• Reward withdrawals will be subject to review and approval
• We reserve the right of changing the promotion terms and conditions at any time and to exclude users from it
• Cumulative maximum reward issued: 10.000 DAI

(Full T&C available here)

FAQ

1. Why should you trust us?
After a successful ICO under the HeroToken brand, we went silent and worked on the product. The result is Raise. We launched our product at the beginning of the year and have been growing since then. We are not a ghost project and put our faces on it.

2. Why a referral program
As operators of a Crowdlending protocol, one of our objectives is to reach out to investors looking to diversify their portfolio with a high yield instrument. Running an affiliate program is one of the channels we'll use for customer acquisition.

3. 50 DAI - isn't it too good to be true?
Having run our marketing operation for some months, we know what our current CPA is. 50 DAI is in line with what it already costs us to acquire an investor. We'd rather give this to people than to Google or Facebook   

4. How am I going to get paid?
Eligible referrals will show up in your account section on https://app.raise.it. You will be able to withdraw your rewards to the Ethereum wallet associated with your account. Bear in mind that since withdrawals are manually reviewed to avoid bonus abuses, one can expect a 24h-48h SLA.

4. What's up with your account here - Hero_Token?
Our BCT account stems from the original project announcement - ANN THREAD. We have since then rebranded our company as Raise but we are using the same account here.

Today MakerDAO are launching the new #DAI

We are prepared and we will be supporting the new multi-collateral in our marketplace.

We've created a blog post to help you understand how the new DAI could affect you:

https://raise.it/blog/multi-collatorel-dai-what-does-it-mean-for-raise

Community Update




Have a look at the Latest HERO Token Update!

We also have a new email address! - hello@herotoken.io

https://medium.com/@HeroToken/hero-token-community-update-october-19-2018-68318f4b4189

Hero Token Community Update (August 8, 2018)




Dear Hero Community,

Please join us in welcoming Rosalyn Charlton to the Hero team in the role of Chief Technology Officer and Product Champion! The team is coming together…

Rosalyn is a world-class technologist and experienced executive with a proven track record of leading results-driven technology teams and taking large-scale projects to success in both start-ups and SMEs alike. She draws on a wealth of experience in technical strategy and transformation. Her specialist skills include building high-performance teams and implementing project structures based on advanced Agile methodologies to ensure the delivery of quality solutions.

Throughout her 18 years in the software engineering industry Rosalyn has been recognized for applying well formulated strategies to enable teams to perform at their best, while ensuring business objectives are understood and met. She is an innovative and resourceful professional with a strong inclination for strategic problem solving. She applies a concrete knowledge of Software Engineering strategies, Agile methodologies and an innate ability to create enjoyable and effective team environments.

She most recently served as the Chief Technology Officer and Head of Agile Transformation for the world first precious metals exchange, Allocated Bullion Exchange (ABX), and the subsequent blockchain start-up Kinesis Money; a bullion backed digital currency.

Allocated Bullion Exchange was established in 2011 to develop the only online global precious metals exchange, offering a world first in single-platform trading across a number of hubs globally. The systems were extended to Software as a Service architectures providing a white-labelled online trading platform called Metaldesk. Rosalyn spearheaded the development of these bespoke systems and the creation of specialist development teams to do so. The suite of services delivered covers trading platforms, vault management systems and all associated administrative management portals. www.abx.com

Kinesis Money is a subsequent start-up which brings a new bullion-backed cryptocurrency to the financial market, with a global vision to introduce a new monetary system utilizing blockchain technology and an already-established global vaulting network through ABX. www.kinesis.money

Rosalyn will formally be joining the Hero team in September and we expect to embark on hiring the specialist technology team shortly thereafter. We are very pleased and excited to have Rosalyn on board with us as the technology founding partner for Hero. More important team announcements coming soon!!

We very much appreciate your support for the Hero Project. We are working on multiple key areas to create a solid and sustaining project, and we will continue to publish Community Updates from time to time through our News Channel available at https://t.me/herotoken_channel

https://medium.com/@HeroToken/hero-token-community-update-august-8-2018-42ac4297d8a6

HERO Token’s Gleam Social Media Giveaway Winners Announcement




Hello HERO Community!

We are happy to announce that 5 winners have been chosen for HERO Token’s Gleam Social Media Giveaway! These 5 lucky winners were randomly selected by Gleam have won 2,000 HERO Tokens each. We have already emailed the winners and are waiting for their response within 7 days. If any of them fail to respond within 7 days, another winner will be selected in their place.

Please check your emails to see if you are among these 5 lucky individuals:

lomazjXXXXXX@mail.ru

krispaXXXXX@gmail.com

nvtXXXXX@hotmail.com

poloniXXXX@gmail.com

neeraj.coXXXX@gmail.com

Congrats! Let’s continue working towards spreading financial inclusion for the unbanked and underbanked in Southeast Asia.

Our team continues to be available for your questions and concerns through our Telegram group https://t.me/Herotokensale or via email tokensale@herotoken.io.

Thank you for your continued trust and support!

Best regards,

Your HERO Token team

https://medium.com/@HeroToken/hero-tokens-gleam-social-media-giveaway-winners-announcement-8814271724f9

HERO Token is now listed on HitBTC





Hero Markets:
https://hitbtc.com/HERO-to-ETH
https://hitbtc.com/HERO-to-BTC


Deposit HERO on HitBTC Instructions: https://medium.com/@HeroToken/how-to-deposit-hero-tokens-on-hitbtc-2becccf3f991

https://medium.com/@HeroToken/hero-token-is-now-listed-on-hitbtc-f7d11e074e8

HERO Token HitBTC Listing Announcement




Dear HERO Community,

We are very excited to announce that HERO will list on HitBTC on or before May 18th. HitBTC is currently ranked the #8 exchange in terms of 24 Hour Volume Rankings by CoinMarketCap. Experts have called the exchange intuitive, responsive and easy-to-use, friendly with trading newbies but complex enough for advanced traders. We are working with the HitBTC team to finalise the procedure. 

This is great news for the HERO community especially for the Japanese token holders who are not able to trade on QRYPTOS. HitBTC does not restrict any nationality from trading on their platform.

Thus, we encourage the community to create an account ahead of time as we wait for the listing date. Here is a short tutorial on how to create a HitBTC account: https://support.hitbtc.com/hc/en-us/articles/115005089525-How-to-create-an-account-

Listing on a top exchange has been an often frustrating and very stressful process but we are happy to finally announce the listing on a Top10 exchange. Contrary to what people might think, listing on a top exchange is not just about paying. It is a very arduous process that took us months to accomplish filled with legal requirements and influenced by factors we don’t control. We truly appreciate the community members who were unwavering in their trust and support. And we ask the community to continue to do so in the next steps ahead. We have your best interest in mind, but allow us the time to execute our vision of making credit more readily available and affordable for the unbanked or underbanked, starting in Southeast Asia.

The team would also like to remind the community of their role in spreading hype and good feedback on HERO instead of spreading negativity which will not benefit anyone. It would be in everybody’s best interest to help HERO promote Financial Inclusion, Transparency, and Efficiency in Southeast Asia.

Our team continues to be available for your questions and concerns through our Telegram group https://t.me/Herotokensale or via email tokensale@herotoken.io.

Thank you for your continued trust and support!

Best regards,

Your HERO Token team

https://medium.com/@HeroToken/hero-token-hitbtc-listing-announcement-2b2c09ac0c72

HERO Token Community Update (May 8th)




Hello HERO Community!

The 6th batch of tokens were issued today and 37,514 HERO Tokens were distributed to members who solved their issues and got verified by May 5. As of the moment there are still 144 token holders who still have pending or unconfirmed accounts post the release. We have emailed these unverified accounts one last time to complete the KYC and be eligible to get their tokens, but it is out of our hands if some people cannot follow simple instructions. In any case, if you still have issues with your tokens or problems with your accounts you can send an email to tokensale@herotoken.io with the complete details of your transaction and your problem.

Translation bounty will also be distributed today now that disputes have been settled. Visit the official HERO Bounty group https://t.me/herotokenbounty for inquiries or message @andykov or @silviudis.

We also want to remind everyone to join our HERO Token Channel. Because updates and messages easily get buried in the main group, we decided to open a channel dedicated to the latest HERO news and updates. You can join the HERO Token Channel here: https://t.me/herotoken_channel

Our team continues to be available for your questions and concerns through our Telegram group https://t.me/Herotokensale or via email tokensale@herotoken.io.

Best regards,

Your HERO Token Team

https://medium.com/@HeroToken/hero-token-community-update-may-8th-35437506ee5f

HERO Token Community Update (May 2nd)


Dear HERO Community,

We are happy to announce that we have now released over 99% of the Hero Origen Tokens to token sale participants. We are targeting the final release of the remaining tokens in the next several weeks. Please help spread the word to the remaining token sale participants that they must register at membership.herotoken.io/register and complete the KYC process in order to receive their Hero tokens.

Thank you for your continued support in building the Hero community. Your enthusiastic support has been vital to the success of the Hero Origen Token sale. Now we must transition from the sale to the building of the Hero Capital Market Platform. We have some important updates which we are happy to share with you in this regard.

David, the founder of the Hero Project, has resigned from his operating role at PawnHero so he can focus 100% of his time and efforts on building the Hero Capital Market Platform. He has relocated from the Philippines to Europe where we will open an office in Barcelona, Spain and build the executive team for the Hero Project. We are in the process of hiring experienced blockchain developers and additional support staff to build and market the Hero Capital Market Platform in the Philippines and other markets in SEA. Europe offers the most experienced blockchain developers, infrastructure, and technical staff available to build the Hero Capital Market Platform. Building the right team takes time, but David’s an experienced entrepreneur and he has done this before.

As we’ve disclosed previously, we’ve already arranged for the trading of the Hero Origen token on the Qryptos exchange in Singapore. We are also actively working to arrange the listing of the Hero Origen token on additional exchanges. We’re moving as fast as we can on this, but we can only move as fast as the exchanges and the applicable legal authorities. We will provide an update once we have cleared the legal and regulatory compliance requirements for us to secure additional listings.

Please remember that the Hero Project is both a social venture to provide financial inclusion, transparency, and efficiency for the underserved populations of South East Asia, and a non-profit business that must like any business build its product and market it to its customers. As such, although we will share as much as possible with the community, we also have to keep certain parts of our business strategy, product roadmap, and marketing plans confidential, so we can maximize our business opportunity. This is for the benefit of all Hero stakeholders.

Although we used to provide a weekly update to the community, in this next phase our public updates will be less regular. However, we will endeavor to provide updates to the community on developments in the Hero Project as warranted. But we will never disclose private and confidential information and risk our competitive advantage. If you bought Hero Origen tokens and have any questions or concerns, you can always email us at tokensale@herotoken.io. Our team aims to respond to all emails from Monday to Friday in less than 24 hours (Last 30 days first time respond time was 16.19 hours).

We very much appreciate your patience and support. We will continue to publish Community Updates from time to time through our Telegram Announcement Channel t.me/herotoken_channel and Blog available at medium.com/@HeroToken/

https://medium.com/@HeroToken/hero-token-community-update-may-2nd-a8e076ed6c17

HERO Token Community Update (April 20th)




Hello HERO Community!

The 5th batch of tokens were issued yesterday and around 30,923 HERO Tokens were distributed to members who solved their issues and got verified by April 18. As of the moment 217,063 HERO Tokens still remain in reserve post the release. We are still proactive in sending emails to the unverified accounts and continue to remind them to complete the KYC to get their tokens, but it is out of our hands if some people cannot follow simple instructions. In any case, if you still have issues with your tokens or problems with your accounts you can send an email to tokensale@herotoken.io with the complete details of your transaction and your problem.

For the remaining undistributed Bounty campaigns, the Translation bounty spreadsheet will be updated later today. It will be open to comments and disputes before it is distributed. Visit the official HERO Bounty group https://t.me/herotokenbounty for inquiries or message @andykov or @silviudis.

Regarding the exchange listing, we are still currently in talks with several top exchanges. But we want to consult the community regarding this matter. We are nearing an agreement with HUOBI and Bit-Z. However the listing process for both HUOBI and Bit-Z require an active participation from the community. Both would require a voting phase that will ask the community to buy voting tokens and vote for HERO in order for us to get into the exchanges.

Here are the Voting mechanics for HUOBI:

The voting phase shall be 11 days. Each round selects two projects to go live. The project that scores the first will obtain the priority in entering Huobi Pro listing audit. The winning projects need to get at least 600,000 points. Projects that enter the final list are required to have more than 1,000 voters. 1 vote costs 0.1 HT. Each user can cast 100,000 votes maximum.

https://huobiglobal.zendesk.com/hc/en-us/articles/360000760471-Voting-Rules

Here are the Voting mechanics for Bit-Z:

In accordance with the listing rules, coins need to be voted to hit 2 million VTC (Votecoin) before getting listed. Each of your supporters or community members who registers on Bit-Z can vote 50–1000 VTC. VTC tokens can be purchased at DKKT market. The voting period is 7 days, which means the voting goal of 2 million VTC should be reached in 7 days. In case you fail the voting, VTC tokens will be refunded to the voters after the voting. If you succeed in the voting, VTC will not be refundable.

https://support.bit-z.pro/hc/en-us/articles/360002590973

Now because we know that voting is something that would need the undivided attention of the community, we want to focus on only one of them. So we will ask your feedback regarding this matter. Both of these voting schemes do not ensure that HERO would be listed on the exchanges, and we need to actually reach the voting goal of either 2 million VTC in 7 days for Bit-Z or 600,000 Points in 11 days for HUOBI to get listed. We want to ask the community if you are willing to take such a risk. And if you are, would you prefer the voting process of Bit-Z or HOUBI? If you choose among the two, the exchange listing would significantly speed up. But if you think that it be would be safer to go for an exchange without a voting phase, it would probably take a little longer to get listed. We will set up a Poll in the Official HERO Telegram group to gauge the community’s choice. We appreciate your help and the patience you have shown. We look forward to your decision.

In the meantime, we also want to address certain issues coming up in the Telegram group saying the team is not using the community’s contributions properly. We want to assure you that the funds from the ICO have very much been untouched. It is public for the community to see, thanks to the blockchain: https://etherscan.io/address/0x1706024467ef8c9c4648da6fc35f2c995ac79cf6

We want to assure you that we are very careful in our transactions and business decisions only because we have your best interest in mind. We ask that you allow us the necessary time to make the right and carefully considered business decisions we need to make. Rushing will not help anyone. It is still only a few weeks removed from the ICO closing, we have a lot in store for you to be revealed at the proper time.

Another concern we want to address is with the Token Price, extreme movements in both directions can be observed because the trading volume on QRYPTOS is insubstantial. It is still very early for HERO. Listing on a bigger exchange where all the token holders can access, together with platform development progress, will have a big impact on the value of the token.

In line with this, we have good news for those asking about the platform. We have significant information about the development of the HERO Capital Market in next week’s community update. Please stay tuned for that.

Finally, we want to ask everyone to join our new HERO Token Channel. Because updates and messages easily get buried in the main group, we decided to open a channel dedicated to the latest HERO news and updates. You can join the HERO Token Channel here: https://t.me/herotoken_channel

THANK YOU FOR YOUR CONTINUED TRUST AND SUPPORT!

Our team continues to be available for your questions and concerns through our Telegram group https://t.me/Herotokensale or via email tokensale@herotoken.io.

Until next Friday and Happy Weekend.

Best regards,

Your HERO Token Team

https://medium.com/@HeroToken/hero-token-community-update-april-20th-b99965f1fb5d

HERO Token Community Update (April 13th)




Hello HERO Community!

147492.689297049000000000 HERO tokens have been distributed to Bounty participants of the following campaigns: Facebook, Twitter, Reddit, Slack/Telegram, Creatives (Graphics and Videos), Media Support (Blog Articles, Press), and Signature. Meanwhile Translation, Bug Hunt & Creative Development, and Exclusive Support bounties will be distributed by the end of the week.

If you have issues with your bounty then please do the following:
1. Send a PM to @andykov on Telegram
2. Write your detail in issue: How much you were to receive, on which address, which campaign, what is your username and any other necessary details.
3. Be patient and give a few hours to a day or two for his response as he is busy dealing with a lot of bounty issues. Rest assured your problem will be dealt with so long as you message him and include the complete info.

For any other issues or questions regarding the bounty, message @andykov or @silviudis on Telegram and you can also visit the official HERO Bounty group https://t.me/herotokenbounty.

Next batch of token distribution is set for April 20th. Again, we want to remind the remaining pending and unverified accounts to verify before the 17th of April to be included in this batch of token distribution. We are proactively contacting those with unsolved problems, please check your emails as our support team has repeatedly sent out instructions to help you.

Regarding the exchange listing we are still talking to several big exchanges but nothing has been finalized. We know this can be a little frustrating for the community but know that is very frustrating for us as well. Some issues we have been experiencing with certain exchanges are their very inconsistent listing prices which seem to increase as the talks get more advanced. Others have very unreasonable demands, while some are very slow with their responses. These are just a few of the difficulties we are facing, but we are doing everything we can to speed up our talks and finalize a listing. We continue to do our best to give you the best options possible so we ask for your continued patience.

Finally, we want to ask everyone to join our new HERO Token Channel. Because updates and messages easily get buried in the main group, we decided to open a channel dedicated to the latest HERO news and updates. You can join the HERO Token Channel here: https://t.me/herotoken_channel
 
THANK YOU FOR YOUR CONTINUED TRUST AND SUPPORT!

Our team continues to be available for your questions and concerns through our Telegram group https://t.me/Herotokensale or via email tokensale@herotoken.io.

Until next Friday and Happy Weekend.

Best regards,

Your HERO Token Team
 
https://medium.com/@HeroToken/hero-token-community-update-april-13th-29d9f384d040

HERO Token Community Update (April 6th)




Hello HERO Community!

Bounty stakes have been updated, and bounty tokens will be distributed by midnight on Sunday. Just processing a few things and dealing with all the problem reports so we ask bounty participants to please wait a little longer. If you have any issues or questions regarding the bounty you can message @andykov on Telegram. For all other bounty related concerns, please visit https://t.me/herotokenbounty.

The 4th batch of tokens were also issued this week and around 82,973 HERO Tokens were distributed to members who solved their issues and got verified by March 30. As of the moment 247,983 HERO Tokens or 2.10% of the supply still remain in reserve post the release. We are proactive in sending emails to the unverified accounts and continue to remind them to complete the KYC to get their tokens, but it is out of our hands if some people cannot follow simple instructions. In any case, if you still have issues with your tokens or problems with your accounts you can send an email to tokensale@herotoken.io with the complete details of your transaction and your problem.

We know everyone is waiting patiently for the new exchange announcement and we promised that we’ll have something for you by today. But as these things go, there’s been a few delays in the talks so we want to be transparent with you on the progress of our listing with the exchanges. Currently we are in advanced talks with: Bit-Z (waiting to hear back from their risk control department) and CoinBene (advanced discussion). Plus the other big exchanges we’re trying to get listed on and our current status with them: GateCoin (Focusing on scaling architecture of exchange before listing new tokens), Huobi (followed up multiple times, promises response within two weeks, this was March 14), KuCoin (no response since March 14), Binance (no response — applied twice), and OKEx (no response since application), Japanese exchanges not listing any tokens right now (Coinbase incident).

Hopefully we’ll have something more concrete for you next week, ideally the Bit-Z or CoinBene listing will be finalized but again we don’t want to make false promises so we ask you to temper your expectations a bit. Remember that the timeline for the listing is not entirely up to us and we are trying to speed up things as much as we can but we’re also working with the exchange team who work at a pace we cannot control. But with our advanced talks, know that it won’t take too long now to get listed on a bigger exchange.

Finally, we want to ask everyone to join our new HERO Token Channel. Because updates and messages easily get buried in the main group, we decided to open a channel dedicated to the latest HERO news and updates. You can join the HERO Token Channel here: https://t.me/herotoken_channel

THANK YOU FOR YOUR CONTINUED TRUST AND SUPPORT!

Our team continues to be available for your questions and concerns through our Telegram group https://t.me/Herotokensale or via email tokensale@herotoken.io.

Until next Friday and Happy Weekend.

Best regards,

Your HERO Token Team

https://medium.com/@HeroToken/hero-token-community-update-april-6th-26372b822870

HERO Token Community Update (March 30th)



Hello HERO Community!

As promised, Bounty stakes will be updated by tomorrow or before the week ends so please check for any discrepancies or issues when updated and message @andykov on Telegram so that your problems will be fixed before the bounty tokens are issued on April 6. Again, if you want to remove the signature just send a message to @andykov before you do so. For all other bounty related concerns, please visit https://t.me/herotokenbounty.

We also want to remind the remaining pending and unverified accounts to verify before the day ends. This will be your last chance to get verified and be included in the last batch of token distribution on April 6. Please check your emails as our support team has repeatedly sent out instructions to help you.

If you have any inquiries or issues you can send an email to tokensale@herotoken.io or accounts@herotoken.io. We solved more problem reports this week and will continue to do our best and keep up with the level of emails we receive on a daily basis.

Regarding the additional exchanges, we ask the community to continue to be patient. So far nothing has been finalized but we feel confident going forward that we are closer than ever to finalizing a deal and announcing a top 30 exchange soon. As before, we cannot reveal the exchange without their consent so we implore the community to wait for the announcement and not bombard the group with repeated questions about which exchange it will be. Just know we are doing our best and we are close to giving you better options.

Finally, we want to ask everyone to join our new HERO Token Channel. Because updates and messages easily get buried in the main group, we decided to open a channel dedicated to the latest HERO news and updates. You can join the HERO Token Channel here: https://t.me/herotoken_channel

THANK YOU FOR YOUR CONTINUED TRUST AND SUPPORT!

Our team continues to be available for your questions and concerns through our Telegram group https://t.me/Herotokensale or via email tokensale@herotoken.io.

Until next Friday and Happy Weekend.

Best regards,

Your HERO Token Team

https://medium.com/@HeroToken/hero-token-community-update-march-30th-6f01310b7b8a

HERO Token Community Update (March 23rd)




Dear fellow HEROES!

Good news for bounty participants! Bounty tokens are issued on April 6, and the stakes will be updated by March 30. As a bounty participant, you do not need to complete the identity verification process. For those who want to remove their signature, kindly message bounty manager @andykov on Telegram. For all other bounty related concerns, please visit https://t.me/herotokenbounty.

The fourth batch of token distribution is also set on April 6. There are still 200 accounts that need to get verified before March 30 so if your account status is pending, please check your emails as our support team has repeatedly sent out instructions to help you.

Our support team is doing a great job. Everyone should have gotten a response to their emails sent to either tokensale@herotoken.io or accounts@herotoken.io. We will continue to do our best and keep up with the level of emails we receive on a daily basis.

We know everybody is awaiting news for the listing on additional exchanges, but nothing has been finalized yet. We are talking to several Top 30 exchanges at the moment. We are getting closer as the days go by and we feel comfortable to announce the listing on one or multiple top exchanges in the next fourteen days.

Another positive thing to notice is that trading has picked up on QRYPTOS with the daily volume and prices rising. At the point of writing HERO/ETH is traded at 0.00347899.

Finally, we want to ask everyone to join our new HERO Token Channel. Because updates and messages easily get buried in the main group, we decided to open a channel dedicated to the latest HERO news and updates. You can join the HERO Token Channel here: https://t.me/herotoken_channel

THANK YOU FOR YOUR CONTINUED TRUST AND SUPPORT!

Our team continues to be available for your questions and concerns through our Telegram group https://t.me/Herotokensale or via email tokensale@herotoken.io.

Until next Friday and Happy Weekend.

Best regards,

Your HERO Token Team

https://medium.com/@HeroToken/hero-token-community-update-march-23rd-4cb4c299b654

HERO Token Community Update (March 16th)

Hello HERO Community!



Majority (95%) of our tokens have already been distributed since March 9. The second round of tokens was successfully issued yesterday, March 15. 178.324 tokens were distributed to 1,153 wallets. We did not mint any additional tokens. Instead, those tokens were already minted and held in a reserve wallet. Thus, the token supply stays the same at 14,765,425.24871560000.

Members who received their tokens yesterday only completed their identity verification after the deadline for the first round of tokens, which was March 1. The next round of tokens will be issued on March 20 to all those that verify their account or clear their ongoing dispute before midnight on March 18. As this will be the third round of tokens issued, we will be leaving a bigger window to resolve any ongoing dispute and have the remaining members verify their account. Please be reminded to get your accounts verified and to settle your issues before March 18. If you fail to do so, you will further delay the token distribution. The fourth round of tokens will hopefully be the last and this is expected to take place in the middle of April.

We proactively reminded everybody to complete the KYC before the ICO ended and yet many still did not. This week alone, we verified and solved more than 1,000 accounts and disputes. That gives you an idea of what happens behind the scenes of an ICO. Transaction support is taking a lot of our time.

The most common problem we encounter these days is people who registered an account but sent their contribution from a different wallet. They would then contact us afterwards to ask why they did not get their tokens. Tokens are issued to the wallet from which we received the contribution from and only when there is a registered and verified account. You cannot use a different account that is registered under a different wallet address. If you have not received your tokens yet, this could be because you do not have any account (register now) or there is a dispute. Those disputes are usually related to members who bought HERO tokens with non-Ethereum, i.e. Bitcoin, Ripple, LTC etc., but did not provide the transaction signature to provide sufficient proof that they were the ones who made the transaction, or there are multiple people claiming to have made this transaction. Those members need to fill up the problem reporting form, complete all required fields, and upload supporting documents and screenshots from their wallet/exchange.

Again, we have repeatedly sent warnings to the community, yet members continue to make the same mistakes. Thus, it is beyond our control if people cannot follow our simple instructions. If you still have token concerns, please email tokensale@herotoken.io and make sure to include the complete details of your issue. Our average response time is less than 12 hours, while more complex issues take more time.

For Referral Program participants, we released the remaining tokens to those who had verified accounts. Again, you will need a verified account in order to receive tokens. We already emailed everyone who participated in the token sale and referral program whose account status are still not verified. Please make sure you follow the instructions in the said email.

We ask bounty participants to be patient as bounty tokens will be issued by the end of March at the earliest. Stakes will take a while to be calculated and have not been a priority. Bounty participants will receive their tokens only after all members who participated in the token sale have completed their KYC and received their tokens, so that the total number of tokens sold can be determined, which then provides the foundation to calculate the amount of tokens to be issued to bounty participants. Remember, the bounty pool is equal to 2% of all tokens sold. We were hoping that everybody would follow the instructions and complete the identity verification in time, but since this was not the case, all advisors, bounty participants and team members have to wait.

We also want to remind everyone that for issues with QRYPTOS, it is best to seek help from their support on Telegram: https://t.me/QUOINE_Support. To those of you complaining that QRYPTOS KYC takes a while to process, this is standard protocol for almost all exchanges. It is very difficult from them as well to cope with the high number of new registrations. The verification process of other exchanges take even longer, so we ask you to be patient (this is out of our control). We also want to remind Japanese people to send tokens on QRYPTOS because chances are that your account will not be verified and you will not be able to withdraw your tokens. That said, QRYPTOS only needs KYC if you want to withdraw funds, but not to buy/sell HERO and other tokens. So you can still buy/sell HERO Tokens even with a newly created account or simply check the token price.

Taking a step back, HERO ICO started on February 1 and ended on February 28. Most ICOs announce the listing on exchanges only weeks after the ICO ended. For example, LALA World ended its token sale on January 12 and only listed its first exchange two months later on March 12. We at HERO, on the other hand, were able to list on QRYPTOS before the ICO even started. Which we believe speaks for the team and project itself. But what we did not know and also could not (since the ICO had not started) was that 82% of all tokens would be sold to Japanese citizens.

Unfortunately QRYPTOS is not open to Japanese citizens. When over 80% of all token holders are unable to trade, then this explains the current trading volume, which has been low to almost nonexistent (only 10 ETH worth of HERO were traded in the last 24 hours). Aside from that, all major currencies and tokens are down significantly compared to the last few weeks. You can also see that the funds we raised have remained almost untouched apart from some marketing related expenses, though the value depreciated a lot as well.

The biggest concern of the community at the moment is getting listed on other exchanges after previously listing on QYRPTOS. We have and will always be transparent with the community. We are in talks with several reputable exchanges and have filed for listing, but like you we have to wait. Listing on an exchange takes time. Exchanges get tons of applications. As a result, certain exchanges are upgrading their policies and restrictions, thus, resulting to listing being more complicated than ever. This is why we are cautious before revealing any news to the community. Our philosophy has always been that we announce news when they are final so that we do not set wrong expectations or false hope. As such, we are not name dropping or confirming any discussions with any specific exchange until the exchange itself announces the listing. We believe this is the right thing to do and announcing any negotiation would be a breach of the non-disclosure-agreements we signed with some of them and thus jeopardises the listing (some exchanges specifically forbid disclosing any listing negotiations, i.e. https://www.linkedin.com/pulse/binance-listing-tips-changpeng-zhao/) . Right now, we engaged two leading law firms in Singapore and Japan to procure the necessary legal opinions requested by some of the exchanges we are in talk. We want you to know that we are doing what we can to give you the best options at the closest possible time when it comes to this matter. It is a misconception when people think that you simply pay a lot of money or fill up a form.

Re CoinMarketCap: We have received questions regarding this quite often this week. The moment we are listed on multiple exchanges with daily trading volumes, we will approach CMC and ask for the listing. It is simply too early right now. Give it a month or so.

THANK YOU FOR YOUR CONTINUED TRUST AND SUPPORT!

Our team continues to be available for your questions and concern through our Telegram group https://t.me/Herotokensale or via email tokensale@herotoken.io .

Until next Friday and Happy Weekend.

Best regards,

Your HERO Token Team

https://medium.com/@HeroToken/community-update-march-16th-716caf9cc695

HERO Token Community Update (March 10th)



Dear HERO Community,

As you may know, in the last 24 hours we distributed HERO to those whose accounts were verified before March 1st, with no dispute ongoing or problem reported, and those with transaction signature for those who didn’t buy with Ether. HERO was listed on a small but (very) fast growing exchange, QRYPTOS. We wanted to leave you with some food for thoughts about the token price. At the time of writing this blog post, there are buy orders for HERO tokens at a price of 0.0018 ETH. It is important to note that this solely shows the willingness of people to buy tokens and at what price and rather than being the value of your HERO token. That the trading price is below the ICO price can be explained by a combination of the following: a) ICO just ended and until the last day, February 28th, people were able to purchase tokens (hard cap was not reached) b) tokens have just been issued, everybody on Telegram and in the community have their tokens, therefore why buy more unless the price is attractive. Whereas the willingness to sell at a high price, and therefore the slight prominence on the “sell” side makes sense for everybody who holds HERO tokens right now. A lot of token holders would probably sell at 2x, 3x or 5x. Placing those orders therefore is totally legitimate. Now, when people argue that the trading price is below the ICO price, we have to start with what was the ICO price. Ethereum closed at $354.7 on November 20th, somebody who participated in the presale, remember minimum was 10 Ether with a bonus of 30% (first 3 hours) (10 * 354.7 = 3547.0 USD received 200 * 10 = 2,000 + 30% bonus = 2,600 HERO tokens) so effectively this person paid $1.36 per token. Whereas on the other hand somebody who bought on February 1 at a price per Ether of $1101.49 and 10% (no more minimum) paid $5.01 per token. Finally those who bought at the end of the ICO at a price of 870.44 USD per ETH and no more bonus paid effectively $4.35. Remember price per HERO was always 1 ETH = 200 HERO (plus applicable bonuses). It was a difficult call to decide at what price to list. Eventually together with the QRYPTOS team we decided to price at $4.7. Higher than what the average paid, providing a slight premium to those who participated during the ICO. So what happened today was that only (!) slightly more than 20,000 HERO tokens where both sold against each ETH and BTC. That is equal to 100 ETH each. This is nothing as compared to the 42,000 worth of Ether contributed during the ICO (less than half a percent). It would however make sense for referral participants, who potentially have their own expenses for marketing to sell HERO tokens at any price to cover their bills. Likewise it makes sense for somebody who came in in November during the presale to sell since Ethereum already appreciated 2x (during the ICO sometimes already 3x) against the price. This does not even take into account the current dip across the entire crypto market recently. It is not surprising to us that there are only relatively few buy orders and few people selling at a higher price. This shows that the big majority of HERO token owners are HODLing, which is the right thing to do in the absence of any major additional announcement since the ICO ended. We hope this explanation helps to understand today’s events. We are excited about the weeks and months ahead. It will be a long way to disrupt what banks couldn’t for hundreds of years but we accepted the challenge and out of it the HERO idea was born.

Thank you for your continuous support and trust. Have a good night.

Your HERO Token Team

https://medium.com/@HeroToken/hero-token-community-update-march-10th-c2b1eee1a4bb