I am going to flag up 3 things -
1) The softcap was hit almost immediately and then rapidly slowed. It seems suspicious that a money-back guarantee was only set up to this limit, meaning any new investors will have no recourse if things go wrong. I wonder where that initial investment came from?
2) The only responses by YieldCoin are to comments by active members. Further, aside from these two active members all other comments are by brand new users. Is YieldCoin perhaps having their employees/associates with vested interests commenting with positive messages?
3) No single point of failure is great, only if every other point is strong enough to withstand the failure. Is there evidence that each business model is strong and profitable? I am yet to see any balance sheets or any financial information confirming these companies. Until then the multiple points of failure argument is surely moot?
I appreciate these come across as detailed however as an investor one must always be looking at the deeper picture...
Thank you for your questions.
1) The money back guarantee was set at the soft cap limit because this is the minimum amount required for the projects to go ahead. Otherwise, we would have cancelled Yield Coin and returned money to the contributors at that time. With regards to things going wrong now, we are fully committed to making Yield Coin a success and with the multiple projects and work with the businesses we believe we can make our current contributors a good return where we at from now.
2) We are trying to answer all questions posted regardless if they from active/nonactive/junior/senior members. We have told our current contributors about this thread and it is up to them to post. With the bounty programme on offer (stated in this post) then of course people are going to post. We want to get Yield Coin out to as many people as possible. We don't see this as an issue or a bad thing, at the end of the day it is up to contributors whether they agree with the comments and see Yield Coin as a great opportunity and one that has advantages over the other ICOs currently in the market.
3) The majority of the projects are mutually exclusive and therefore if one fails it will not have an impact on the projects. The projects where we can provide a track record for we have, current Samuel & Co Trading fund has a verified track record that is publicly available (
https://www.myfxbook.com/members/sandctrading/samuel-co-trading-samuel-leach/1868300). The performance and growth of Samuel & Co Trading is clear to see. As for the other Partners of Yield Coin, they are understandably unwilling to release more information of their business because of competitors. However if you look into them i am sure you can see what they are doing and equally their growth. Take redline, they sell up to 70 super cars monthly and of which some are hyper cars. They would not have a show room like they do if they are under performing. You have to remember our coin is not a concept, these are real running businesses which some have been running for over 15 years, they are not start ups.