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Re: [ANN] VendettaCoin - Scrypt - POW - VendettaHosting - Business Profit Share
by
vendettac
on 03/09/2014, 13:09:21 UTC
Have refunded the investors.


Will be updating the thread again with the final news about the project.
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Re: [ANN] VendettaCoin - Scrypt - POW - VendettaHosting - Business Profit Share
by
vendettac
on 03/09/2014, 07:37:28 UTC
Hi, we decided to stop the crowd funding and rethink of the coin from the start. I have sent emails to investors and will await for your response to refund your BTC.

Thank you. Please send email to admin@vendettacoin.pw to get a refund as soon as possible.
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Re: [ANN] VendettaCoin - Scrypt - POW - VendettaHosting - Business Profit Share
by
vendettac
on 02/09/2014, 12:23:20 UTC
Roadmap



Ok, so here we see the roadmap

Can you wait until OCT 30

Less than 60 days to collect your money?

With the condition that all off the features are fully functional, and you then receive your money?


I think if you give these kinds of assurances, you will have a very strong community behind you, and be very successful in raising money in your ICO.

After people have lost so much money, people are dying for the real thing, Look at Neoscoin, it sold out in 11 hours because the community was comfortable because the dev twotrutles had some very strong and respected members of the community vouching for him,

AND more importantly, he did screencasts, showing the community what he was making, and put them on youtube for all to see.

No one had any doubts, and poof sold out in 11 hours and is now 3x the ICO price and only going up!!

Why? Because people are looking for good projects, they are hard to find

So can you wait until the 30th of Oct to receive your BTC?

I think if you can agree to complete your roadmap up to that point, this will gain you trust



What does the community think of this? If the devs can agree to this, they can have my investment, but what does the rest of the community think?

And what does the dev think? If you can do this I think you may rise up above of all the shit thats out there as a legit coin.

I can quite agree on this. I'd still like to add that if these features are delivered. And the coin's price goes down below ICO. I will not be responsible. I will also NOT setup any buying support. I do not believe in setting up any buying support to buy back the coins from others. I will get back to this thread asap after some further discussions over here.
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Re: [ANN] VendettaCoin - Scrypt - POW - VendettaHosting - Business Profit Share
by
vendettac
on 02/09/2014, 10:45:16 UTC
lol he wants 100btc in ipo lol. your idea isn't even that good.

We have run a file hosting business before. And we have earned over $1000 in cash in the first month. You can expect a lot more than that. Personally I will not try to lure you into a fancy ideas. 100BTC is not really a lot at all. And we're not even overpricing in our ico. Things don't happen overnight.

Quote
Ok dev

As you can see, I think you are on the right track

BUT NOT THERE YET.

The first term can't be just a working wallet and blockchain or whatever.

So make the escrow terms have TEETH early, and I think you will have something going.

It has to be a STRONG ESCROW Agreement.

Basically, if we get screwed, you get nothing.

You do that I think you will have people joining you in your effort.

What's the big problem with POD anyway? If it is important to your community and your investors, why not work with them?


I have stated escrow terms before. I am going to delete this regular stupid comments. And if anyone takes the comment deleting as a false flag. I don't care at all.

Well, I have stated things clearly.

I am still going to wait for the word from devthedev. He is a experienced escrow and he might have better ideas to safeguard the community funds. After all that's what you all want.

I am going to take the word from the investors and write down the escrow terms A to Z the way you like. As long as my identity is protected. I will continue with the escrow. I don't have anything to add anymore once I have given the full authority to investors to write and or update the escrow terms as long as they make sense.
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Re: [ANN] VendettaCoin - Scrypt - POW - VendettaHosting - Business Profit Share
by
vendettac
on 02/09/2014, 10:28:08 UTC
Deleting posts already, I would watch out for this one guys.

Noticed that too...

Sad..

Another Flag...

IT already says in the huge words that accusations and name calling will be deleted. It is stated in the thread already. I have not deleted any questions at all. Feel free to ask a question.
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Re: [ANN] VendettaCoin - Scrypt - POW - VendettaHosting - Business Profit Share
by
vendettac
on 02/09/2014, 10:26:21 UTC

Also ocminer, what were the terms that were fulfilled as you said that bittrex believed the terms were fulfilled?


I'm at work now, so I don't have enough (or so much) time to search trough the whole CLSTR Thread, but here is one point:

https://bittrex.zendesk.com/hc/en-us/articles/203082940-ClusterCoin-FAQ?input_string=clustercoin

Here are escrow terms:
Code:
Bittrex provides an escrow service between coin developers and traders who want a safe way to transact presale coins. 

Before starting the ICO, the developer must:

Provide Bittrex with wallet code for code review before adding the coin onto our website
Mine a genesis block with the premine;  Any coins not part of the ICO must be disclosed in the ANN thread
Transfer the premine to Bittrex
Disclose the terms of the ICO
The length of time for the ICO
The price / market cap for the premine
The conditions for a successful ICO; For instance, the developer will refund all investors if the ICO does not exceed 50% of the premine
The schedule for ICO payments;  This can be as much as a lump sum after 7 days of the ICO ending or a schedule of payments over a series of months
The coin team must provide working wallets for Windows, Mac, and Linux and a stable blockchain up to 3 days after the end of the ICO
Publicize the terms clearly on the ANN thread; A link that verifies Bittrex will hold the ICO will be provided and must also be posted on the ANN thread
Provide Bittrex a minimum non-refundable 5 BTC payment for hosting the escrow.  This will be used to buy back the ICO if it is cancelled.  The escrow fee can be increased depending on the complexity of the terms of the ICO.



So basically .. After the Blockchain was running for three days and all wallets were delivered, the terms were fullfilled. POD was requester AFTER that and just with lots of pressure from the community.


As stated before - I've got limited time now, but you can see everything for yourself @ the CLSTR Thread.

Compare your those terms with the terms I have already posted in this thread. There's huge difference. In CLSTR you were paying the 100% to only get the coin launched and blockchain working for 3 days. Here we're dividing the ICO in 3 different phases.
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Re: [ANN] VendettaCoin - Scrypt - POW - VendettaHosting - Business Profit Share
by
vendettac
on 02/09/2014, 09:51:54 UTC
Due to the need of community. We're using the user "devthedev" as escrow.

Rules for escrow:

Escrow will be starting today to October 1st. After the coin launch. said features WILL be delivered on the dates stated in the roadmap on official website.

October 1: Launch day, if there are no "huge" problem in launch. devthedev to release 15% of funds to us.

October 15: VendettaSend to be released for the first time. Immediately after release. devthedev shall send us 50% of escrow. Once VendettaSend is reported working by community.

October 26: Vendetta Hosting website to be release. This is however will start with the vendettahosting providing hosting services worldwide. Will include File hosting and VPS hosting. Once it's verified that the service is LIVE. devthedev should release the rest of the funds immediately.


We will be contacting devthedev with these terms.


Reposting escrow terms. If any of the terms are not met. devthedev is the one responsible for sending the coins back to investors.

Quote
And "Escrow" is really nothing worth - just take a look at CLSTR etc.

You're wrong. As far as I know. Everyone was refunded of that escrow. That was held by Bittrex. That is what escrow is for. What do you expect? Now if someone dumped their coins at below ico prices because they "thought" there was going to be no refund. They just listened to FUD. I have nothing to do with all that. Just explaining what happened!

Honestly what happened with CLSTR(fuck):

All of bittrex' terms for releasing the IPO were fullfilled, due to massive pressure of the community they and the dev were forced to do POD. Nobody really knows why - but the rumors say that the Dev tried to do POD with fake documents and CryptoAsian noticed that and stepped back from verifying the Dev and did NOT give POD. Bittrex then created a massive buy wall - as promised - and bought the coins back. They should have released the coins earlier since all terms were fullfilled for releasing though... (and they did almost)

I've read your IPO escrow terms and anyone can make his own opinion about it ..

How much BTC would 15 % and 50 % be ?  Grin

15% is of whatever amount is sent to escrow. some funds are already sent through our website as well. 15% of funds are released to us only if the coin launches successfully.

50% equals to 50btc if the full amount of coins are sold. 15% is 15BTC if ALL the ICO coins are sold. Again, escrow terms are crystal clear. You have the freedom to not invest if you think the terms are incorrect.

Also ocminer, what were the terms that were fulfilled as you said that bittrex believed the terms were fulfilled?
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Re: [ANN] VendettaCoin - Scrypt - POW - VendettaHosting - Business Profit Share
by
vendettac
on 02/09/2014, 09:41:01 UTC
Due to the need of community. We're using the user "devthedev" as escrow.

Rules for escrow:

Escrow will be starting today to October 1st. After the coin launch. said features WILL be delivered on the dates stated in the roadmap on official website.

October 1: Launch day, if there are no "huge" problem in launch. devthedev to release 15% of funds to us.

October 15: VendettaSend to be released for the first time. Immediately after release. devthedev shall send us 50% of escrow. Once VendettaSend is reported working by community.

October 26: Vendetta Hosting website to be release. This is however will start with the vendettahosting providing hosting services worldwide. Will include File hosting and VPS hosting. Once it's verified that the service is LIVE. devthedev should release the rest of the funds immediately.


We will be contacting devthedev with these terms.


Reposting escrow terms. If any of the terms are not met. devthedev is the one responsible for sending the coins back to investors.

Quote
And "Escrow" is really nothing worth - just take a look at CLSTR etc.

You're wrong. As far as I know. Everyone was refunded of that escrow. That was held by Bittrex. That is what escrow is for. What do you expect? Now if someone dumped their coins at below ico prices because they "thought" there was going to be no refund. They just listened to FUD. I have nothing to do with all that. Just explaining what happened!
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Board Announcements (Altcoins)
Re: [ANN] VendettaCoin - Scrypt - POW - VendettaHosting - Business Profit Share
by
vendettac
on 02/09/2014, 09:32:40 UTC
Is there any Escrow?

devthedev is already contacted. Waiting for him to show up at the thread to provide escrow.
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Re: [ANN] VendettaCoin - Scrypt - POW - VendettaHosting - Business Profit Share
by
vendettac
on 02/09/2014, 09:15:20 UTC
What about POD?

We cannot and will not POD. But we are inclined to escrow. if you need security.


F*cking scammers.

Note - they are censoring the truth.

because this is the third time you're repeating the same thing.

If this is a scam, you will get your bitcoins back from "devthedev" escrow. please stop.


Look at my post history. Unlike others, I don't use the term scammer lightly. Only when the scam is flagrant.

You'd inspire more confidence if you explained why you wouldn't submit to a POD.

You scammers ask for people to put their previous BTC at risk - yet you are unwilling to put your reputation at risk in return (basically to put your reputation where your BTC-hungry mouths are) and provide some POD security.

You are scammers.


we're not asking for BTC upfront. We're not doing this ICO forcefully. We have already contacted escrow. People are still joining the ICO on our official site. If in any case we don't deliver, you can ask devthedev to send you your btc back. that's how it works. Is it so hard to understand?


What's hard to understand is why you wont provide any information on who it is we're dealing with instead of some completely anonymous bitcointalk account, like the many such newbie accounts over the past two months that have scammed lots of people out of lots of BTC.

You don't even offer an explanation.


POD is a solution to your problem then? How many things happened in history of bitcoin remind me the proof of identity is a joke. MtGox, cryptorush, coinmarket.io, coinex.pw. and the list goes on.




It's so weird to see that you're saying we would take the funds from the escrow devthedev and walk away without delivering features. You're simply accusing the escrow being the scammer here. Not us.
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Board Announcements (Altcoins)
Re: [ANN] VendettaCoin - Scrypt - POW - VendettaHosting - Business Profit Share
by
vendettac
on 02/09/2014, 09:02:51 UTC
What about POD?

We cannot and will not POD. But we are inclined to escrow. if you need security.


F*cking scammers.

Note - they are censoring the truth.

because this is the third time you're repeating the same thing.

If this is a scam, you will get your bitcoins back from "devthedev" escrow. please stop.


Look at my post history. Unlike others, I don't use the term scammer lightly. Only when the scam is flagrant.

You'd inspire more confidence if you explained why you wouldn't submit to a POD.

You scammers ask for people to put their previous BTC at risk - yet you are unwilling to put your reputation at risk in return (basically to put your reputation where your BTC-hungry mouths are) and provide some POD security.

You are scammers.


we're not asking for BTC upfront. We're not doing this ICO forcefully. We have already contacted escrow. People are still joining the ICO on our official site. If in any case we don't deliver, you can ask devthedev to send you your btc back. that's how it works. Is it so hard to understand?
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Re: [ANN] VendettaCoin - Scrypt - POW - VendettaHosting - Business Profit Share
by
vendettac
on 02/09/2014, 08:56:13 UTC
Theres hundreds of hosting sites 100x better than yours so there is no point in saying backed by a business that no one visits

you're very quick to judge. We have people that can drive enormous traffic to our file hosting site. You are yet clueless.
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Re: [ANN] VendettaCoin - Scrypt - POW - VendettaHosting - Business Profit Share
by
vendettac
on 02/09/2014, 08:49:50 UTC
Due to the need of community. We're using the user "devthedev" as escrow.

Rules for escrow:

Escrow will be starting today to October 1st. After the coin launch. said features WILL be delivered on the dates stated in the roadmap on official website.

October 1: Launch day, if there are no "huge" problem in launch. devthedev to release 15% of funds to us.

October 15: VendettaSend to be released for the first time. Immediately after release. devthedev shall send us 50% of escrow. Once VendettaSend is reported working by community.

October 26: Vendetta Hosting website to be release. This is however will start with the vendettahosting providing hosting services worldwide. Will include File hosting and VPS hosting. Once it's verified that the service is LIVE. devthedev should release the rest of the funds immediately.


We will be contacting devthedev with these terms.

Well, these are pretty good terms. It leads me to believe that they plan on delivering. If they don't they don't get paid. Better than a POD if you ask me.

I got nothing against POD, but for devs that don't want to do one, linking the success of the project to the escrow releasing that money to them seems like a pretty good deal.

Are there holes in their terms I don't see?

One would think the coin would have these features. That doesn't seem to be the question.

The question now isn't about trust, it is, with what's on the agenda for them to get paid. When these things done, will it be a good coin

With escrow and terms like this, we don't have to worry about getting scammed, we can move on and decide if it's a good coin.

This is what all coins should do if they a have an ICO


Thank you for the positive vibe. We do not guarantee anyone huge returns for their funds. But we do intend to deliver the said features. We will only take the funds for the features that we have successfully delivered.

We have however kept the price as realistic as possible. We're premining 5000000 coins if 100% of escrow is sold. This does not give us a market cap of millions as start. And it does provide a good returns on your investment. Amount available in ICO is pretty much the amount that will exist for a long time.
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Re: [ANN] VendettaCoin - Scrypt - POW - VendettaHosting - Business Profit Share
by
vendettac
on 02/09/2014, 08:27:27 UTC
What about POD?

We cannot and will not POD. But we are inclined to escrow. if you need security.


F*cking scammers.

Note - they are censoring the truth.

because this is the third time you're repeating the same thing.

If this is a scam, you will get your bitcoins back from "devthedev" escrow. please stop.
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Topic
Board Announcements (Altcoins)
Re: [ANN] VendettaCoin - Scrypt - POW - VendettaHosting - Business Profit Share
by
vendettac
on 02/09/2014, 08:20:03 UTC
Due to the need of community. We're using the user "devthedev" as escrow.

Rules for escrow:

Escrow will be starting today to October 1st. After the coin launch. said features WILL be delivered on the dates stated in the roadmap on official website.

October 1: Launch day, if there are no "huge" problem in launch. devthedev to release 15% of funds to us.

October 15: VendettaSend to be released for the first time. Immediately after release. devthedev shall send us 50% of escrow. Once VendettaSend is reported working by community.

October 26: Vendetta Hosting website to be release. This is however will start with the vendettahosting providing hosting services worldwide. Will include File hosting and VPS hosting. Once it's verified that the service is LIVE. devthedev should release the rest of the funds immediately.


We will be contacting devthedev with these terms.
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Board Announcements (Altcoins)
Re: [ANN] VendettaCoin - Scrypt - POW - VendettaHosting - Business Profit Share
by
vendettac
on 02/09/2014, 08:07:23 UTC
Just bought ten coins for testing, but counter do not decrease.
My order number is 322.
Could you explain how many coins did you sold?
 

takes a little time to update the quantity of coins. It should be updated now

Also if someone can find us a reputable escrow please.
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Re: [ANN] VendettaCoin - Scrypt - POW - VendettaHosting - Business Profit Share
by
vendettac
on 02/09/2014, 08:00:49 UTC
Quote

Well.. No need..  I would not say that..  Certainly POD delivers an extra 'feel'  of security..  Things Look much more honest and 'legit'  with pod instead of a simple escrow..  

Personally I would not invest in some Internet junk from 'some guy on the Internet'  where 'some Other guy from the Internet' does the escrow but both dont know each Other...

But you do know about the recent scams here?
Smiley

yes, I do know about the scams on here. unfortunately that happens, but cannot provide you a screening. If you want to escrow or whether ask technical questions. Will be answering every question. Hope you can understand.
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Re: [ANN] VendettaCoin - Scrypt - POW - VendettaHosting - Business Profit Share
by
vendettac
on 02/09/2014, 07:54:00 UTC
I don't think anyone would invest without an escrow. It's even bad that you don't have any working services.

Will repeat again. we have already accepted to escrow. If you can recommend an escrow.
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Re: [ANN] VendettaCoin - Scrypt - POW - VendettaHosting - Business Profit Share
by
vendettac
on 02/09/2014, 07:47:47 UTC
What about POD?

We cannot and will not POD. But we are inclined to escrow. if you need security.

Your asking people, from yet another brand new account, to basically invest in your company......which is not yet a company and we cannot know who you are?!  Ok, I'll take out a second on my home and send that right over:-)

We're agreeing to escrow already. So your argument is invalid. We aren't asking you to directly invest anymore.


What about POD?

We cannot and will not POD. But we are inclined to escrow. if you need security.

Can you explain why this is not possible?

While there is a solution to escrow. There is no need for POD. isn't it?
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Board Announcements (Altcoins)
Re: [ANN] VendettaCoin - Scrypt - POW - VendettaHosting - Business Profit Share
by
vendettac
on 02/09/2014, 07:40:12 UTC
What about POD?

We cannot and will not POD. But we are inclined to escrow. if you need security.