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Showing 2 of 2 results by digsmining
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Board Announcements (Altcoins)
Re: [ANN][ECA] Electra ⚡ | POS 3.0e | Super Rewards Bonanza
by
digsmining
on 07/09/2021, 18:28:18 UTC

So I would like to clarify I do not care nor does it matter about reasons you and the Devs disagreed and any potential allegations they have made. I don't have the details and cannot comment on this aspect outside of speculation.

What I can comment on is; that "Electra Pay" for ECA was promised and on the roadmap and continually pushed back including deals with different organizations and businesses which is the main reason electra looked promising besides the blockchain feature and the reason I supported, contributed and held/hold.

None of this was realized right or delivered?

The blockchain maybe open source, but Electra Pay is Electra not Electra Protocol, yet it is now Electra Protocol Electra Pay.

Effectively the Devs took your project and it seems worked behind your back with the motive of taking control from you, so they could further the project on their own terms, with probably an outside interested and invested party.

Were the Dev's sandbagging until they had everything in place?

Or were you stonewalling progress and direction? From what I read it seemed that you played a passive advisor role.

I don't doubt the Devs were committed at least to their own agenda. With this said, I think reasons given by the ECAP representatives on this thread, are deflecting trying to place blame, unless I am missing something, using it as an excuse to basically steal the project and defraud ECA investors for their own agenda.

They have claimed that you were selling premine, my perspective is that it was your project, your idea, I am sure you have put in a ton of work, management, coordination and funds.

I am not aware of any reason they could not continue on the ECA blockchain, outside of they wanted full control of the project and the currency but again, by defrauding ECA investors.

Ultimately they say as a result of your selling, you tanked the price, really that comes down to in my opinion, what is the true price and how resilient ECA was within the market. In reality, the Dev's with a lack of transparency and creating a fork and repurposing features and services promised for ECA then blocking ECA investors on exchanges and mobile wallets, possibly to prevent you and others from using Airdrops, was kind of a nuclear option and caused great damages and losses for everyone.

Where the real damage was done, was cutting or not maintaining ties with exchanges, taking down multi-media and using promised features for ECA for ECAP where they have full control and financial leverage. This is what really damaged ECA and its price and the long time investors and community.

The 10 day period was not sufficient, since the ECAP team, extended this, they should honor all requests including yours. I read that one of the ECAP representatives argued they didn't need to use Electra branding and blockchain and extend an airdrop offer. But I would argue, that is exactly what they should have done. Now they are legally bound and its because they are using the electra branding and blockchain even if open source and features promised for ECA for years, and failed to deliver. But coincidentally delivered with ECAP along with business deals, so looking from the outside it seems like a calculated move.

My take, this is a fraud case, that needs to be reviewed to see if there were any criminal actions and litigation is required. I am not sure what your role was, hopefully it was passive, I think the crime leans more towards the ECAP Developers and team, but a court and litigation should sort that out.

Besides lawsuits, perhaps a class action lawsuit is in order, if the ECAP team does not address the previous mentioned concerns. Even with that there still needs to be an investigation. They are betting on the open source license and a diverse global team, possibly the cost of litigation protecting them. There are many small investors, that feel cheated and this sentiment is what brought me here.

I'm glad you picked up on my question on who is the owner of ECA is, rgetting together a new dev team could revive ECA adding features and of course injunctions against ECAP. This all takes money, time and skilled resources. I'm considering if I have the available bandwidth, but would like to continue the eca project. My first task is to look into legal pathways, what can be done legally such as a lawsuit or class action lawsuit or at least ordered time of remedy or injunctions.














Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ECA] Electra ⚡ | POS 3.0e | Super Rewards Bonanza
by
digsmining
on 07/09/2021, 05:08:55 UTC
Hey Everyone,

I was just checking up on the status of the project, its been a while because last year 2020 was pretty intense and I did not have time to follow the community or updates.

Well my mind is blown, to read about the devs starting a new coin and the planned feature rollout for ECA going to ECAP.  And all of the market and liquidity moving to ECAP from ECA.

I've invested almost thousand dollars and spent at least a hundred hours, and also staked and supported on reddit. So where does that leave me as an investor?

And where does that leave the electra project? this one is rhetorical, it's obvious the electra project is not growing or evolving for now.

ECP Air drops? A 10 day period? to claim an air drop in one of the most tumultuous times in recent human history? I never received an email or notification, and did not even come across this information or an ad, even in crypto news or on reddit until today.

I've read most of this thread, and twitter on the topic today.

I read about Electra01 the founder and the Dev's, now ECP Dev's, conflict and ultimately parting of ways.

It really seems unfair, for those that supported the community and for the loss on investment and time.

I have obviously lost some on exchanges, but I have my main ECA wallet with about 1,200,000+ eca. It used to be worth almost a thousand now only $27.

I think of, all the things the electra dev team promised and it instead being added to ECAP and then shirking long time eca holders and community is just as bad as any of the claims against Electra01 I've read.

Surely the dev's must of have known that people would not be aware and I hardly think sufficient notice was given or an opportunity to decide, instead a decision was made for us, at our, and my expense.

So my next question is when is the next airdrop? and if not, is the ECP team in the states meaning United States jurisdiction?

Secondly who owns Electra blockchain and branding?

-Digs