Quote from: Mrbates on June 06, 2017, 06:00:19 PM

Quote from: EtherGuiy on June 06, 2017, 05:56:01 PM

Quote from: Zechis966 on June 06, 2017, 05:09:08 PM

Quote from: easyrimka on June 06, 2017, 04:57:39 PM

Quote from: Sted1234 on June 06, 2017, 03:48:11 PM

Quote from: Mrbates on June 06, 2017, 03:18:03 PM

Quote from: Sted1234 on June 06, 2017, 01:57:18 PM

Hi Folks - first time ICO participant here and did a big mistake. I have sent BTC for the ICO directly from GDAX and seems like that is a big no. How can I rectify this?

How can GDAX help me here and what shall I ask them do to?

How can Exscudo help?

That shouldn't have been an issue, providing you paid through your exscudo account (Unless gdax sent it with a shitty low tx fee in which case it probably moved too slow and then you could have potentially timed out from the ICO)

I can see the BTC transferred from GDAX in my Exscudo account. My understanding is, Exscudo will send EONs back to the GDAX address where BTC had come from and GDAX cannot identify who to send the EONS to. Is that not right? Newbie here...so my understanding of how this works is vague ...I havent read anywhere on the Exscudo web site that I should not be sending funds from exchange etc....

Anyone have some pity ans Can answer that guy ?? He funded his ico wallet diretcly from exchange wallet

He's fine. While it IS a rule of thumb to not send from exchanges, that's only applicable to specific tokens usually ones that are distributed via Ethereum smart contract.

So, since I didn't speak this crypto language even last year, I'll try to explain.

EON will have it's own chain, so it's it's own asset with it's own addresses.

An erc20 token (which is just tokens following certain math protocol, as outlined in Ethereum request for comments, topic 20...i think) can be sent to any ether address, and gets stored on a special smart co tract associated with said address.

SO, if you're participating in an erc20 ICO like Lunyr was, then you can only send Ether, and it can only be from an address you control because the deposit goes into a smart contract address which, when completed, automatically sends the proportionate amount of tokens BACK to the address which deposited ether.

So, to summarize, any ICO that accepts multiple tokens even just btc and eth likely isn't a smart contract style where it auto sends back.

If you see Eth only as the deposit token, it probably is a smart contract deploy style and you'll want to be sure you control the address.

Too many people today say NEVER DEPOSIT FROM AN EXCHANGE yet don't explain why...now you should understand why you CAN, and why you CAN'T

I sent BTC from my Polo account to Exscudo Dashboard during the ICO and it transferred perfectly fine from what I can see. It shows the BTC amount and EON amount. So is there an issue there that I might face later? Still don't completely understand if I did something wrong? Thanks

There shouldn't be an issue as far as we all know, because your EON shows up in your dashboard; meaning when the time comes it should be able to be withdrawn from there. It isn't a btc/eth airdrop/ico token so regardless of where you sent from it shouldn't be an issue (also keep in mind they had an option to pay using shapeshift or was it changelly?)

Thanks a lot - Zechis966. You made my day. Learnt a very big lesson today. So seems like as long as the BTC contriubtions are showing up in my.excudo.com web site, we are safe.

Question (may be to exscudo team): How will we receive EONs? Would they start showing up in my.exscudo.com once the distribution starts and then we need to move them to some EON supporting exchange to trade?

Sted1234

Posts

Merits