Bitcoin Forum

Thank you, aTriz.

Hello everybody, this is the official account of the Confido team. We will answer all your questions regarding Confido.

We have published an article on our blog! Check it out if you want a quick summary of what Confido is and what we are trying to accomplish with the ICO.

-----------------
A summary of Confido (https://medium.com/@Confido.io/a-summary-of-confido-3caa5dd7444b)
-----------------

Hi can you please check the whitepaper link ! , It is not working .

Thanks for letting us know!
Fixed.

it is your bounty campaign : http://bitcoingarden.org/forum/index.php?topic=19256.new#new   ??? ??? ???

We are not affiliated in any way with that person. That thread is not made by us.


We appreciate the free publicity, though.

EDIT: We just made an account on that forum, it has the same name as this account.

http://confido.io/wp-content/uploads/2017/09/Whitepaper-v0.3-1.pdf

Any update when WP will get update at the moment it has error page not found it seems you forget to upload this content there or it's get finalized yet.

Thanks for letting us know. The site is still being worked at, it loads very slow right now. Will be fixed very soon.

Here is a link to the pdf: http://docdro.id/i4f3tue

Our apologies for the trouble!

very fast work, I like, making transactions easier and simpler, this will save time, and greatly help young entrepreneurs who need a lot of time to work, I hope the project goes well and successful

Thank you! We hope so too.

Our signature campaign is filling up extremely fast!
Make sure you sign up NOW if you want a chance to join.

Everything looks smooth except 40% of total supply being hold for company,money invested in ICO already goes to company so it looks a bit a lot in my opinion. If you consider to have a second ICO in future and it is reserved for it then its a different situation. What is the main reason you reserve up to 40% of it ?

Good question.

By holding our token, investors will receive 0.7% (transaction fee paid by the users) in ETH of all transactions made through the Confido platform. As our company grows, the payments will get bigger. We, as a for-profit company, want to profit off of this too. Therefore, we hold 40% of all tokens to gain 40% of the revenue created by transaction fees. The other 60% of our revenue goes to the investors. This is also to ensure that we have enough funds to keep the company running. We'll have to pay salaries and that money has to come from somewhere.

We won't profit off of the ICO. We are raising just enough to cover all of the costs to develop and market our product.

not open bounty dev
if open bounty translation i want reserve indonesian translation

Hi, thanks for your interest. Here is the link to the bounty campaign, you can reserve a translation there: https://bitcointalk.org/index.php?topic=2164895/

Interesting project.
So if I understand it correctly, this is an escrow platform.. without a third party?

Correct. There are no mediators involved like with other escrow payment solutions. This is completely trustless and decentralized.

New article will be up soon with some real-world use cases of Confido!

New article is up!

-------------------
Confido in the real world: 3 use cases (https://medium.com/@Confido.io/confido-in-the-real-world-3-use-cases-d4b76fdd8268)
-------------------

this project seems very promising to follow, I will participate in bounty and ICO this project, because I believe this project will be successful for some time to come,good luck for everyone in this projet

WP says that hard cap is $500 000. Your website says $300 000. Who should I trust?

Thanks for the support, Ardhi! We appreciate it.


Thanks for letting us know about the mistake! We'll update the executive summary with the correct amount, which is $300 000.

Also, WP says that there 80% of tokens will be available for ICO. But if your cap is $300 000 then it's about 50%

Correct, we made a mistake in the executive summary. Updated version of the whitepaper will be linked when our campaign manager wakes up.

For now, please follow this link to see the updated whitepaper: http://confido.io/wp-content/uploads/2017/09/Whitepaper-v0.2-2.pdf

Finally, i have found the official announcement confido after search it on some section on this forum, i hope this thread to be Linked on the thread of signature campaign too because i don't find this link on there, it will gives us easy way to access this projects and follow the new updating, informations, progress of confido in the future, so everyone who visit the thread of signature campaign can see this official announcement of confido too. Thank you very much.

Thanks for the suggestion! The link to our ANN thread will be added as soon as our campaign manager wakes up.

Hey, also you can find information about confido here :
ANN thread on bitcoingarden :
https://bitcoingarden.org/forum/index.php?topic=19256.0

Bounty Information + signature campaign : https://bitcoingarden.org/forum/index.php?topic=19256.msg195224#msg195224

ANN thread on forum.bitcoin.com :
https://forum.bitcoin.com/alternative-cryptocurrencies-altcoins/confido-safe-peer-to-peer-escrow-transactions-with-shipment-tracking-t53067.html

Thanks again for posting those.

Thanks for also posting on the bounty.

Escrow is really needed for now. There are a lot of scammers and escrow is the only way how to avoid gettting scammed.
But didn't you think $300,000 as hardcap isn't too little? While other ICO set their hardcap between $10million until $250 million

Hi, another good question.

At this time the ICO space is completely fucked, excuse my language. Companies are valuing themselves way too high. Most of the ICOs do not even have a product, yet they are asking for millons of dollars. We think this is ridiculous. We do not have a fully working product with existing users yet, therefore we want to raise the bare minimum needed to develop and market our platform.

Another reason for our low hard cap is that we want to start with a low market cap to ensure greater growth potential for our investors. We really appreciate our initial investors, because they were the first to put their money and trust in us. Therefore, we want to maximise returns for them.
Companies starting with a valuation of f.e. $40 million won't have as much growth potential as companies starting with a valuation of say, $1 million. It's much easier for a one million dollar company to double in value than it is for a 40 million dollar company.

Our initial valuation will be $600,000 if we reach the hard cap.

This looks interesting. But I didnt really like your branding and design.

Anyway, how will you ensure that package has what seller sold? It ben be anything.

I love this project design. Beauty and professional. Do this project have bounty campaign

Confido will be back soon to answer your questions, in the meantime. Here is the bounty in the meantime: https://bitcointalk.org/index.php?topic=2164895.msg21682909#msg21682909

Good question.

What if the product sent by the seller is faulty or the wrong product?

In the worst case scenario the buyer can put the transaction on hold. This means that the money is stuck in
the smart contract. The buyer only has the option to release the money to the seller, and the seller only has the
option to refund the buyer. The buyer and seller will have to resolve their issue and come to a conclusion using
our secure messaging system.

If the buyer and seller don't reach a conclusion the money will stay in the smart contract. Therefore, it's not beneficial to either of them to do such a thing. Scamming when using Confido would have negative results for both the seller and buyer.


As for our branding and design, what didn't you like about it, if I may ask? Always good to improve.

Okay thank you. Will be following this project.

We're excited to have you here.

There are still some spots left in the signature campaign, check it out. (https://bitcointalk.org/index.php?topic=2167196.0)

Bumping this.

We are currently trying to get listed on as many ICO listing sites as we can. We are also talking with several exchanges at the moment.

If you have any questions about our project, please join our Telegram channel (https://t.me/joinchat/GB_OvkRMT0F4YkU-nz4y-g).

I have read WP, very clear and transparent, this will be a good project. I signed up to receive email notifications on your site so do not miss out on important news. Will wait to buy some Confido cards when the ICO starts.  ;D

May i reserve the Arabic translation, would you please PM me the link of the written ANN version since they are all images & i can't find those in your official website :)

this is a very good project, and not a bad idea to join ICO, I'm very interested, so far, this project has a good progress on the thread, I'm very curious about the next development, hopefully runs very well.

https://bitcointalk.org/index.php?topic=2164895.msg21682909#msg21682909/

Please write your reservation on the bounty campaign.

Thanks a lot! We'll see you at the ICO ;)


Thank you! We hope so too.

Important update: alpha version of Confido will be released to alpha-testers in December. Sign-ups will begin soon. Stay tuned!

Bumping this.

Sign-ups for alpha testers will begin very soon. Join our Telegram group (https://t.me/joinchat/GB_OvkRMT0F4YkU-nz4y-g) to stay updated!

I will be also be bumping this Confido ANN Thread in order to show my support to the campaign as we are also part of your ICO in being successful. With this unique way of escrow payments where both the buyer and seller will be safe I guess that I can say that your users won't be scammed again under your watch.

Currently a video is being developed about our project.

We have developed a new marketing plan which will be executed in two weeks. Stay tuned!

Good to see you back here!
I hope that everything will accelerate now!
Are you going to start again bounty campaign?

this seems promising, though I need more information... will check it out

Yes, bounty campaign is starting again.

We will be introducing a Telegram bounty very soon.


Awesome. Be sure to drop by in the Telegram group  ;)

THANK GOD! Finally a project whose ICO funds get escrowed. Also like the fact that you guys are using Chainlink, I'm bullish on LINK.

Will be researching this project.

If you want spanish translation, promo on 5,4k member group, private investor group, spanish comunity manager, PM me

Reserved

We recently made the switch from Oraclize to Chainlink because of the decentralised aspect of Chainlink. The way we use Chainlink is pretty simple; our smart contracts track packages by using multi-carrier shipping API’s like Easypost and Postmen to view the delivery status of a package. We connect to, and pull data from, these API’s using Chainlink.

Before we made the switch from Oraclize to Chainlink we relied on one single API to serve us the correct data, which simply wasn’t secure enough when dealing with people’s money. Chainlink allowed us to stay decentralised and improve the security of our platform by allowing us to pull data from several API’s.

Awesome! Looking forward to support your project in bounty campaign!

I also like more idea of Chainlink - always decentralised options are more safe!

I'm definitely going to look into this project more!  I'm also happy to see you partnering with Chainlink!

Whitelist registration has started! Sign up here: https://www.tokenlot.com/crowdsale/confido/

The first 200 registrants will be eligible to participate in the stage 1 ICO. All other registrants will be eligible to participate in the stage 2 ICO, which will be a first come first serve type of deal.

Blog post about our ICO structure with all the details coming soon.

This is going to be my first ICO despite being in crypto for a while.

Is there anything I should be wary of/take note of?

Thanks in advance!

How will Confido manage to prevent the buyer from scamming the seller? If for example, the item shows up in working condition but the buyer says it is broken? The sellers only option is to refund the buyer, who is handling the disputes?

the project looks nice. but what do you think about bringing the difference is very similar project there?

Hello mate please consider changing the Arabic Language Translation Thread Link in OP with on of these:
https://bitcointalk.org/index.php?topic=2283684 (Now We Have An Official Arabic Language board)
http://bitcoingarden.org/forum/index.php?topic=19601

Arabic speaking community you can check the links & let me know if you have any question regarding Confido.

is the a masternode option for this coin?

We would love to be your first (ICO, that is)!

I can help you out, just PM me on Telegram @JoostvDoorn


There is no masternode option


---------------------------------------

PRE-SALE AND STAGE 1 HAVE BEEN COMPLETELY SOLD OUT.

Our whitelist is filling up extremely fast (over 2500 registrations in just 4 days) and will be closed very soon, don't miss it!

I think this is a well designed project but which so many payment system projects around you will have to really work hard. I've registered for the ico whitelist but I want to ask, is this a pre-sale or the main sale?

As an investor in this project I can say I am excited to see what the team can do!

nice chainlink!

"Please make sure to enter a valid ERC20 compatible Ethereum address to receive your tokens" I know I am a total newb for asking this but can these be deposited directly onto my ledger nano s? What I guess I am asking is what erc20 compatible ethereum wallet should I add to my ledger as I don't believe just the standard ledger Ether wallet is in itself compatible?? Again a total newb here but I'm learning and this is the first ico I have come across that i find worth investing in as I believe is an applicable idea. Please help. The more detail the better. Have the brains just need the knowledge.

As you long as you address (ethereum Address) can receive ETH & ERC20 tokens, you're good to go mate.

the wallet you just mentioned, as far as i know, is an Ethereum compatible wallet, just check if it's ERC20 compatible too before making any purchase.

A straight forward answer from Confido's DEVs will make things clearer.

Good luck mate, this is one of the best ICOs out there now, getting early is the best you can do.

Confido has a really clever solution to this built into the smart contract. If you receive a box of coal instead of a ledger, you as the buyer can just freeze the funds in escrow. That way the funds don't get released to the seller. This creates a huge disincentive for fraud from the seller's perspective because they won't get paid, and they waste money on shipping. Once a contract has been held up by the buyer, only the buyer can release those funds to the seller.

But what if the buyer commits fraud - can I just claim I got coal instead ledger to get my money back? No you can't - once you freeze, your funds are in escrow, and you don't actually get your money back unless the seller authorizes the refund. Thus, there is zero incentive for either side to commit fraud, short of pure spite (there is just no tangible/monetary benefit you can receive by trying to defraud each other). For the .00000001% of buyers or sellers that truly are spiteful despite zero benefit to themselves, Confido will be implementing Kleros.io, directly into the smartcontract which is an awesome dispute resolution/voting jury blockchain, as an intermediary.

ummmmmm what in the world do you mean the crowd sale isn't open to US citizens???! why!!?? Does this mean I do not have a right to participate in the second round of the ico?? And if that's not what it means then how do I participate. My money is good too.

I'm ready for the ICO later!
This is going to be big

https://www.reddit.com/r/CryptoCurrency/comments/7b9fu5/confido_dont_miss_out_on_this_rare_10x_opportunity/

Probably the most undervalued opportunity in crypto markets right now.

I think this is a great idea, and I have no doubt that it will be a success. It is unfortunate that I missed the ICO. But I probably wouldn't have been able to buy anyway, because most U.S. residents don't have the same privileges as people of other countries when it comes to participating in ICOs

I would like to get involved, but comparing the current market price to what people had paid during the ICO makes me reluctant to invest at this time. I hope the best for your project.

This is doing very well! Congrats to the devs and ico buyers. This should be the new normal. I applaud the team for their honest valuation and raise.

Exchange announcements coming this week:

https://www.reddit.com/r/CryptoCurrency/comments/7bg6nd/confido_exchange_announcement_coming_this_week/

That would be great!

So is the ICO for this all over?

Hi may I know what was the ICO prise of this token?? I saw this token on etherdelta and doing some research about it and it looks goods before I buy I want to know the ICO prise  ;D do have plan to list it on other exchange or even a decent exchange?

It's over and it was a steal of a price.  It's likely overpriced .55 cents in the short term but who knows how the market will act.

Hey folks, Confido will be listed on KuCoin! YES!!  ;D

Indeed, can't believe people made $3500 from each ethereum they put in! incredible. We need more ICO's like this!

https://i.imgur.com/qluxJWN.jpg

Still not even top 300 market cap and so much room for growth for a coin that has partnership with ChainLink and Kleros. Soon they will be also presenting their prototype to Binance.

By he end of Quarter 1 of 2018, we can see CFD = $5.00 so easy & even more, just look at the circulating supply & the market CAP, it's insane.

These guys made one of the most innovative ideas in crypto world (the first actually), there will be lots of projects like Confido soon in the crypto World.

The idea of the project itself has unlimited potentials.

https://www.youtube.com/watch?v=vbNGJHszZMA&feature=em-uploademail

Confido review

Up Up and Away?

http://i63.tinypic.com/2mev39i.jpg

when should enumerate tokins from the bounty of this project, whoever vkurse?

the project looks pretty promisng and i really appreciate the guys for not being so greedy
thats they way you can succeed
nice work mates

das een heel mooi project en als investerdeer denk ik da een winst van x10 tot feb volgend jaar realiserbaar is

why should i choose confido and not utrust?
i've done my research and know a few points
but what's your opinion? tell me

The price of a coin has quite well grown in price. I assume it was successful ico. I congratulate :D

Any price under $3/token it's a bargain!

Man, anything under $10 is a steal for this one. Awesome project with tons of potential.

From  BECAUSEYOUDBEINJAIL in a reddit thread....


I've done research on both and UTrust can't hold a candle to Confido. First of all they basically just let a random person be third party escrow whereas Confido uses a smart contract as escrow. Its also trying to raise over 50 Million in its ICO (now reduced to 25Million)... In Q4 2017. Those UTrust guys are about 6 months too late to the greedy ICOs cap craze. Confido raised 375K.

Oh, and UTrust has a 43% higher fee than Confido.

Finally, the tokens. There's just no point in UTrust tokens. In their whitepaper, they try to say they will be worth something one day because funds collected from UTrust will be used to buyback UTrust tokens from exchanges and burn them, so their value will go up over time...

...Ok, but why hold them in the first place? They want it to eventually be the token you use to transact on their service, as in - they want people to pay using UTrust tokens but we all know thats ridiculous. People want to pay in BTC, ETH, and XMR, not UTrust. Confido gives the tokens value even if no one ever uses them as payment on the platform because you get proportional dividends from the service fee. THATS the future of dApps - where you get passive benefits from holding the tokens.

this will save time, and greatly help young entrepreneurs who need a lot of time to work, I hope the project goes well and successful

Read all the points and did some research I do believe Confido will outperform utrust due to its decentralized escrow and  low circulating supply, bought some today looking forward to announcments and the conituos progression in line with the roadmap. Best of luck

We already have tokens describing themselves as "the next Confido" - shows this concept is already succeeding in capturing widespread interest.  I'm going to keep my stake in this one for a while.  Go Confido!

After consulting with our community we have decided to keep our portion of CFD tokens locked indefinitely. This means that the 4.5 million CFD we currently hold will never enter circulation. We have chosen to do this as we have no intention to sell, and we are still able to receive our portion of the revenue whilst they are locked.

https://www.reddit.com/r/CryptoCurrency/comments/7dcfj0/confido_devs_lock_up_their_45_million_tokens/

And new exchange thomorrow...

such low interest in this coin. Is that due to competition in this area (payment systems)? Utrst also just did ico and is identical. Guess it will be a race to see who gets to market first.

I trust CFD over UTRUST.  Glad the devs are transparent and active in the community too.

ANNOUNCEMENT: We can confirm that CFD will be listed on FOUR new exchanges: Cryptopia, Mercatox, IDEX and Radar Relay. Listing dates will be announced shortly.

https://www.reddit.com/r/confido/comments/7dkl0h/4_exchanges_announced/

https://mercatox.com/exchange/CFD/BTC

Limited understanding of the content, the application in the field of logistics blockchain it? If yes, there are too many similar projects

i like this update, follow this project from start in ED i see this project perfect to future profit
and now CFD listed in 4 big exchange, it make this project will get more enthusiasts

Confido (CFD) list on the new exchane

https://mercatox.com/exchange/CFD/BTC

Congratulation !

Wish you very happy trading !

The danish (Scandinavian) translation of the Whitepaper isn't genuine, it's filled with typical Google Translate-typos... ::)

Was about to say the same  :)

Happy trading. Keep it up devs.

So Confido is a done deal? legal troubles? bad contract? all sounds really bad to me.

From Reddit:https://www.reddit.com/r/confido/comments/7e3p5t/announcement/

"To our community,
Thanks for always standing by us. We have achieved some incredible things these last two weeks, and the crypto space is beginning to notice us. However, we owe you an apology. Right now, we are in a tight spot, as we are having legal trouble caused by a contract we signed. We signed the contract with assurance from our legal advisor that there was minimal risk and it would not be an issue. I can't and won't go into details, but he was wrong. It is a problem.
We are trying our best to fight our way through this. As it currently stands, development has been delayed until a resolution is found. We are honestly not sure how long we will be delayed by, but we’re trying our best to get this behind us as fast as possible.
It is likely that we will be able to find a solution to rectify the situation. However, we cannot assure you with 100% certainty that we will get through this.
This announcement will shock a lot of people, and that’s understandable. I, Joost van Doorn, want to personally apologise for any financial damages this announcement will cause to people. It was never our intention to hurt investors; we didn’t see this coming.
We will keep you guys updated. Please join our announcement channel at https://t.me/joinchat/AAAAAENHpUJSHK7jzX6GZg
Regards,
The Confido team."

Seems like they got orbital striked by some sort of legal issue.  Wonder what kind of contract they signed?  Would be nice if the posted a copy of it so that the community knew it wasn't just a straight-out scam.

This announcement is way too cryptic to make a premature decision at this point but obviously this isn't good.  The fact that this wasn't something they felt they could handle behind closed doors and felt the need to publicly announce this shows you how messy this may get.

If the ship gets righted though, the price may end up being a steal, but they've likely tarnished their image in the short to mid term with these actions.

What was the ico price ?

This is a punch in every single investor's face. They don't even know how long it will take so that is really bad news to be honest. If there is no surprise during the next few days, this thing is dead.

An announcement on Sunday about legal troubles?

hmmm this seems to be a bad news

Legal issues might be the most troublesome issue to solve out compare to management or financial issue because legality is not decide-able by the team but someon else

Sounds like total scam.

Damn investors got REKT!!!!!!!

So what happens to all the money?

It's understandable if they can't push through with the project.

But...

What happens to the money? Do they just keep it? If so, then yes, Investors got burned.

The right thing to do is refund the money (if they know they won't be able to carry out the project).

It does seem suspicious, especially since they are not disclosing what the issue is. 

They should refund the money, they haven't put much efforts in this project, they might have spent only 2 or 3% of the total fund collected during ICO,
So if they can't refund 100%, they should refund at least 95 to 97% amount.

They are not saying exactly what sort of contract they signed, if they were working with a single clueless lawyer or a legal team, and of course a legal news on a Sunday evening does show they've got the news a few days back which was why there was massive sell off 3 days ago. I saw the red flag and PMed the CEO about my concern but he assured the seller were just taking profit and two days after he broke the news without any kind of information.

On the first page of this announcement they claimed that ''all funds collected in the ICO will be escrowed by  KRAVIS & WURGAFT,P.C Lawfirm''
Does someone knows where this law firm is based and can we contact them for refund?

They cheated everyone.

At this point calling for refund sounds a little hard since the most and biggest losers are the people who went in after ico and while the biggest winners are their "strategic partners" with thousands of tokens to dump on people 3days ago before the news. Believe me the $400k from the ico can not refund anyone, most ico investors didn't even sell, only sellers were the so-called strategic partners and how can you make them refund?

They already mentioned that they are considering a suit against their lawyer, but then you ask yourself how can a start up going into public fund raising not do a proper work regarding all contractual agreements and at least get a proper legal team to make sure they know what they are doing? This are some of the things that's gonna kill all future icos

I am feeling sorry for the people who bought at .90$ or 1$, its a big shock............

Fraud continues on every person who invests in any currency has no trust or trust :-[ :-[

It's just type of pump & dump. I was suspicious that the capital of Confio reached over $10m but it's not much unique project

With the price plummeting perhaps this is the right time to dive in?

the tweeter is not available ,the site is not available - it is a Scam

everything removed. SCAM ALERT!

Damn - glad I sold for 14.5x...

I would seriously advise against it. They have deleted their twitter, and website, and their subreddit is now private. Exist scam tactics 101.

This is really Shameful and Sad! Projects like this continue to bring distrust and dishonour to this community and hurt innocent people. This sounded like a good idea and you already made enough money to be able to somewhat pursue this goal, why not try atleast or post pone a little bit if you could not meet your deadlines.

  Why walk away? Very corwardly thing to do.

    REALLY SAD!

   For the record I am not an investor. Just a concerned member of this community and a fellow developer.

They say their lawyer is handling the matter. Mistakes do happen

NO. they just deleted the website and their linkedin profiles.

THIS IS BETS SCAM EVER. HAHAHAHA

Everything is gone:
Facebook profiles
Linkedin profiles
Telegram
Twitter
Website
Reddit

Is it scam ? What is in tour opinion punishment for people doing something like this ? They will repeat the scam in the futures again an again. Supposed to be death sentence for them. Its hurt so many people now. And those people has family to feed !!!! Or maybe there are people put their hard work money for their pension..

For all those that were in CFD, join this group:
https://t.me/confidoscam

and also here:

https://twitter.com/hashtag/confido?lang=de

Wow, those are realy stupid boys...
... a little more serious and ...
they whould have done millions...
.. just by selling the concept to some who likes the idea..

Now, some mafia will hunt them down...

I do not get what happened suddenly to the project, this was recently the most hyped token and was doing great, sad to see team disappearing after collecting the funds, i think there should be a council for new projects that should approve and regulate the new projects and also can allow or disallow icos based on the transparency, potential, capability and the usability of the project and the team.

Haha I got scammed big time. This was a very valuable lesson for me, in both senses of the word. I fell for everything they said, because they were saying it well and it was what I wanted to hear. I'm pretty sure I won't be making this mistake twice.

There is a saying, "You reap what you sow." Every scammer will get what's coming to them in due time.

As for those of you who invested in this project and lost your hard-earned money, I hope your money comes back to you tenfold elsewhere.

This just shows us that a professional looking website and a good idea can't be so easily trusted. It's probably best not to invest in any ICOs until there are regulations to protect your investments.

The thing that alarms me is how easy it is for scammers to get on an exchange. Something should be done about this. Stricter rules for getting listed should be implemented.

But you sold it to someone else who lost his or her money. Not something to be glad about.

You need to learn compassion.

Absolutely correct.  All they have to do is make the listing team be publicly viewable.  Every buyer should be able to see their real identity.  Just like exchanges require buyers to verify their identity with a passport, and just like any publicly traded stocks.  The "sellers" are required to be "public".   This would eliminate 90% of scam.

I cannot believe that this is happening  >:(

I feel sorry for the investors and traders, very shameful behavior by the devs.
So what if you signed some bullshit contract, your Investors and the project is your priority, you should stay and fight and get through, walking away deleting everything is not an ethical thing to do...
Karma is a bitch and it will get them anyway

I suggest you stay away from these ICO scams and go to good PoW coins like Bismuth

This is really Shameful and Sad! Projects like this continue to bring distrust and dishonour to this community and resulting in investors losing monies. This sounded like a good idea and you already made enough money to be able to somewhat pursue this goal, why not try atleast or postpone a little bit if you could not meet your deadlines.

I really understand why china has ban ICO's.there need to be a body to regulate this otherwise we would be seeing more of unrealistic projects like these.

  

Yes, I feel very sorry for the investors, I had a few thousand in this project and thank god I traded out after a modest gain last week.  This incident is the exact reason crypto isn't a trillion dollars in market cap.  The fact that the dev is just giving up and rolling over after raising so much money is insane, we clearly need regulations on ICOs.  This could have easily been me losing my ass on a project that sounded really really promising.  I've always thought more ICO regulations would improve the space/market and I still do, if the dev has any heart at all they will try to recoup their investors funds as much as possible. 

Again, sorry to all of you who were wrecked by this project if there is a fund to recoup some losses I will gladly chip in to support the overall crypto community...

and this is how an exit scam is played out
nice work mates!! keeping german ICOs on my risk-area now

I believe this was a Dutch developer...

Is this a joke?  Making winning trades is the whole point of crypto.  People don't buy shit to have their assets stagnate and it's really all about risk tolerance.  Whoever bought CFD tokens at 14.5x ICO price was taking on risk.  Wether they realized that or not is NOT the seller's fault and he shouldn't need to have compassion for an uninformed buyer in one of the most high-risk, volatile, and speculative markets in existence.

I completely agree with your statement on accepting the risk and volatility of this market.  But to suggest someone investing in CFD was uninformed is just ignorant, are you saying someone should be able to predict when a crypto project is going to completely flop and tank from some behind the door information such as a contract the dev signed?

This is pure fraud and somebody is going to jail over this.

Don't forget these scammers on future projects.

Fake names, most likely fake photos too. Don't be fooled again by such a low asking ICO goal of just $400K, also such few tokens, and the fact this is not a new concept or project, but in fact one that's been in the works by many other project teams. Sorry to those who got scammed.

https://www.tokenlot.com/crowdsale/confido/#team (https://www.tokenlot.com/crowdsale/confido/#team)


https://i.imgur.com/pGMNyWr.jpg

things like this is not the first time this happens, even that often happens in this crypto world. every one of us dare to invest in crypto means to have to dare to risk whether to profit or otherwise

I hope the dev, the thread starter or someone responsible should show up and answer the questions and refund the investors if the project is closed, otherwise there should be criminal proceedings against the team and the people involved.

Guys some help looks like for some investors. Refund at ICO price for holders

http://boards.4chan.org/biz/thread/4467887

Great dishonor. Is this the real team? Or a fake? I need to be very careful. Projects need to be investigated better.

Joost van durn and Nick Spatz looklike total scammers and not only that real dumbasses.. If I would have seen their pictures before I would have never invested..

Hard lesson to learn, but always do some research in crypto because you never know what's really going on in this unregulated space.

What is the minimum invest?

Crowdsale Rules
PRE-SALE
OCTOBER  21 - OCTOBER 28

Total sold: 400 ETH
Tokens per ETH: 7700
Minimum contribution: 5 ETH
Maximum contribution: 50 ETH

ICO STAGE 1
OCTOBER  28 - OCTOBER 31

Total sold: 338 ETH
Tokens per ETH: 7000
Minimum contribution: 1 ETH
Maximum contribution: 2 ETH

ICO STAGE 2
NOVEMBER 6  -  NOVEMBER 8

Total sold: 497 ETH
Tokens per ETH: 7000
Minimum contribution: 0.1 ETH
Maximum contribution: 2 ETH

When there's no internet history of the development team at all...  :-\


Great use case if it weren't a bait for gullible investors.

I posted their photo and the link

https://www.tokenlot.com/crowdsale/confido/#team (https://www.tokenlot.com/crowdsale/confido/#team)

You guys should know by now that all these startups come to the crypto space to raise money through ICOs because:

1. It is easy to raise funds due to the fact that there is a gold rush type in the cryptocurrencies markets since 2014
2. These "startups" cannot raise this type of funds using the conventional way.
3. If they want to just run away with your money, they can because there is no easy way of tracking the money
4. These startups can fake easily a team and make a website for $1000 give and take
5. The greed in the cryptocurrency space is 1,000 times more due to the fact that these markets are fairly new and more money and people are jumping in this big train that will not slow down for the next 10 years.

And I could keep going but in conclusion, follow the number 1 rule: Don't invest more than you can afford to lose in ANY ICO.
People come and scream SCAM when lending platforms launch in this forum but it's funny that some of them are actually working and making money and in fact some people became millionaires out of them but 99% of all these crypto coins or tokens were created to give money to their creators and what you should do is to ride the waves and make some money of them or don't invest at all.

Is it still just rumors, or has it already been confirmed that the project was abandoned? Sometimes developers have a lot of work and have no time to answer all the questions in the forum ...  ::)

Spoken like a true "hero member." If newbie's really understood what you meant by "ride the waves" they would be ahead of the game much quicker.

It took me a while to figure that one out. lol Just came across this thread because it's currently the biggest loser on coinmarketcap and was looking for some waves  ;)  Doesn't look like there is any waves here though. Good luck everyone.

Well they had the time to take down their webpages and every detail linking them to this project so... Effort went into something, and it wasn't Public Relations.

I thought they were just sitting quietly or changing the communication channel .. If everything already disappeared it certainly did not happen by accident..

ohhhhh... can't believe that happened...

Confido scammed, sad - people loose their money. Which ICO will be next scammer?

Guys I went all in in this great project - what happened ?
They killed our dev or what damm - youtube scammers best deal of November... fuck them all !

Wow. Just nice.

Such projects undermine people's faith in the ICO and cryptocurrencies, but they are necessary so that people not to lose vigilance.
It's a pity that people have lost money, let this be a lesson for all of us :(

Chico?

have been following this all morning with our team.. we were fans of what they wanted to do since we're also building something to power the future of decentralized marketplaces.

really sorry for anyone who took a loss here

this probably won't make you whole again right away.. but it's a start. I hope it's helpful in some way!

https://medium.com/@PayWithInk/ink-airdrop-for-confido-token-holders-54340af8d163

It's an airdrop/swap of our token if you held CFD earlier today. I know trust is low right now so don't worry.. you don't need to do anything :) will just deposit into your Ethereum address when we launch. We have a similar long term vision, so at least you can continue betting on that.. thanks!

what happened to this ico,Just saw on tokenmarket channel that they have denied listing them,I think they are scammers

Ohhh believe me the faith was undermined long ago, I'd say since summer of 2017, right when the scam ICOs infested the cryptospace. Something has to be done about this either way. I have stopped investing in ICOs since September and feel quite happy.

I can't find anything about the project right now , twitter and website unavailable, That means Confido is a scam project and dev run away ?
Hi aTriz , do you already get paid your bounty manager fees ?

Well first big scam I've fallen into. Lost 0.5 btc, website and idea looked professional to me, guess I will avoid icos in the near future as long as they are unregulated like now.

hi jehwan, when was the snap shot taken? i just sold all my remaining coins last night for a huge lose

does anyone not have any RL info on the devs? like photos of their faces

They paid in btc, but I invested 80% of that money into the ico and bought around 1.5k worth of confido. Now it is worth shit.

They also promised me a 4 digit bonus since they did well for ico, but kept stalling me and never happened.

Joost is fake, that is already confirmed. Not sure about the other people.

Sorry for you mate. This was also the first ICO I invested in. Hope you can recover.

They took down website, social media profiles overnight. It is a scam. Token lot is trying to find them, read more here - https://boards.4chan.org/biz/thread/4471760

---

I hope karma gets these fuckers.

Also, don't the exchanges actually meet-up/contact with the Confido before actually listing them? the exchanges might be able to give us some critical information on the scam dev.

This project positive scam?
Hope u all investor can recover with other project
Must careful to choose project to invest from now

Just done a free job for them , but at least still have 20% amount left , All of the investor become idiot right now, why kucoin don't have any action ?

legal actions should be taken against them. im sure there will be traces of them somewhere. their IP address used in forums etc.

I think Kucoin must take action to this case , user need to provide information to verify account , I'm sure that someone list coin to their exchange also need to verify identity , Find them out and let them go into jail  >:(

After confido fiasco, it is recommended that people do some good research before investing in any ICOs.
The first and foremost point of any company will be the people behind it and any ICO with just a pic of the team and no interviews done in person or skype should raise alarms. Any ICO where the team member comes forward and do video interviews cannot run or hide so it is better to see youtube links where the team members have come out and done some personal interviews.
Secondly, bounty hunters and those who take up jobs as community managers and promoters on bitcointalk need to sign up only once they have the phone numbers and have done some skype chat with the founders of the team.
Never believe youtubers who do reviews just for the sake of bounty since they are more or less likely to apologize and move on burning thousands in the process. After confido i am seeing those same youtubers update the headline of the video and simply saying they got scammed too. This won't work. Avoid such youtubers who post 2x, 5x or 10x within a month, year etc.
Researching just the tokens and whitepaper is not enough as they can be easily copied from some previous icos and it will be better if people promote new icos on facebook pages only and only if they have done the first two research criteria.
Linkedin profiles can be faked, profile pics can be faked, one can get enough people to vouch for them if they are paid bounties in return.

Nice gesture. Will that include tokens that were held on exchanges at the time?

I appreciate your kindness. I still have faith in crypto world.

How Fundaria solves problems with scam projects?
1) We have transparent planning and business development tools:
https://business.fundaria.com
2) We have withdrawInvestment() function in Ethereum Sale Contract
Using this function investor can withdraw 11/13 of Ether invested to project on the first month of business dev.
Or 10/13 on the second month etc.

What has been going on here then!?

Unlucky mate, chin up though! It's a lesson learnt, always got to take the positive out of a really shit situation.

shit happens. gather up a big group and find that scammer.

Is it possible for the community to take over this project? Looks like the dev has scrammed

Hey guys..im sory for the scam. Got scammed too in another project so i know how it is.

I'm tired of continuous fraud :-\ :-\ :-\ :-\ :-\

Wellcome to crypto. You all were in for fast cash. Better hold eth and btc, other than this two are big risk...

It is a big loss. I'm sorry for the loss of everyone who trusted them.

Unfortunately, cryptoworld is full of scammers and we must always count risk of investment. Money can always be worked out, so let everyone take a good lesson and next time make better research.

Maybe now community understand why governments want make regulations for ICOs.

Remember Jewels? They did also an interview and showed their real faces, nevertheless they still scammed people in the end

Wow, quite a low price. Best chance to buy the dip right now guys :-)

Thank you. Confido was the first ICO (didn't participate, bought later on EtherDelta) I was impressed by and decided to invest. Before it I was avoiding ICOs thinking that most of them were pure scam. Well...  :D

Reading your whitepaper now. Recovering my faith  :)

did you read the first page from this thread mate,,
this is scam project, do not invest here, find another good project if you want to buy

even their website is now gone
http://confido.io
https://medium.com/@Confido.io

Another scam project. Poor investors

lol, fucking scammers delete everything about their exist, the only proof right now is campaign manager! you fucked up dude #SEC ;D

Well, that's why everybody tell that the biggest mass of ICO is spam. Now spammers use famous names and good design and they don't spare tospend money for good organization, cause of in the final they stay in plus. It is sad that such well known manager as aTriz was hooked on their scam campaign.
How it is going, btw, did they find them?

Guys stop investing in those new ICO projects .

After it's up to you, but there is plenty of veteran well established projects which will stay and proved over time who they are . I'd suggest to look for projects at least prior to April's pump and then invest only a part that you can afford to loose. After all if the altcoin market is to rise , first will go up those trustful old project especially the ones from the top 100 .

Regarding honest ICOs: This is a huge risk to put your money is something that is said to work one day. Why they don't invest theirs own money , make it work  a bit and then via ICO refinance the remaining part ? Because they have no clue about the business , if it will work or not and prefer not to invest anything in it but ask you to do so, You to invest in some ideas that are just theory , maybe like 9/10 will fail.

Scam project : there is no how you can really identify all scam project. Some are masters in that and may even run the project for a year to show they were of  good faith but in reality will do pumps dumps and similar to take your money. Just don't invest in new projects.

we took the snapshot yesterday at 1:30pm PST but hop in our telegram t.me/paywithink and then PM me.. I'll try to help you out, thanks!

Thank you! I was a fan of what they were doing.. we truly believe in decentralized marketplaces and a system with escrow and mediation (without a centralized party) is key. We are building this now and it will be usable on our own marketplace, Listia + others like craigslist and FB very soon :)  I appreciate the kind words!

From the beginning I was suspicious of this project, I participated in the bounty campaign. after the ICO is complete and the distribution of tokens for the participants is only partially done and many do not get paid from confido. I also asked aTriz as a bounty manager, but aTriz suggested contacting the developers, here Chris and Joost I know. I contacted Chris and he asked me to send a message to Joost for a bounty payment, but after a few days no reply, Joost's telegram was removed...

Is the project okay? Will the development continue?

No, it was fake/scam project. Money lost :( Always do due diligence first!

Another scam project. I see that they only raised around 300k. Live and learn, that's one of the things about Crypto, you learn strong lessons. Were there warning signs that others were warning about during the ico?

He or she should not be happy. The only thing they should feel happy is that at least that 14.5x didn't go to the scammers. But even so, they shouldn't used that idea as an excuse to feel proud of it.

That was a sign if this project is scam.

This is also make me shocked, never thought this project turned into scam project. (They even hired Atriz became the manager and make fool of all people, including their own investors).

Compassion? In stock market no one will ever have compassion for anyone, the same counts for cryptomarket...

Highest priority is whatever you will invest money into is DD (due dilignece) or how cryptoinvestors will ridiculously call it #DYOR.... Compassion doesn't apply that is your own fault. You could see that beforehand therefore I don't hold shitcoins like this one.
They used tokenlot so it was a safe bet it hits EtherDelta to flip it.

I am glad I could flip it for my 14.5x instead of 3x, that is what I actually meant.

Even I was shocked with the way it has done to the people. Very insane because never expected that it will happen like this because many people trust the team and invested more than nearly 4 millions into it. Very bad to crypto world.

Guys don't buy into scammy ICO's. Most of them are get rich and get out quickly schemes. You have to invest in old and cheap projects. There's many projects out there currently really undervalued. Some of them are valued less than one satoshi. They are working hard and has real teams behind it. Why their price is not skyrocketing is because of they are really working hard and don't have enough time for lurking around social medias. You have to learn and read about those altcoins. I have my own token too but I won't sell it. Because it has no value or usage. I'm just giving it away lol.

Sorry to hear this one.

Please guys be careful when you invest because there is like 50 ICO's pooping up everyday without any real idea & of course Fake Team. 


There is no hope any more on this project, Don't fall for this shit!

Can anyone give me a brief of what happened with this project?


To invest in ICO's, what should I keep in mind to see what is scam or not?

Hi,

I already posted this in the thread and you can go back to check on the original message. The first and foremost will be checking the profile pics and doing a reverse image search through google or any other software and checking out their linkedin profiles. If their linkedin profiles have less than 300 connections, they are more or less less trustworthy than others. If they have mentioned any popular advisors, it is better to ask those advisors if they really are working with them.

Everyone can mention Vitalik as their advisor but its not necessary he works with them. Regarding viability of the product, it is better to ask in popular groupd of fb and twitter since technical people are able to decipher about whether it can be done or is it just a beautiful dream.

Telegram moderators should be asked if they have met the founders personally or are they doing this just cause of bounty.  Try to engage any of the founding team members through skype so there faces can be seen and can act as a proof if in case they do try to run out. Any founder which says i dont have time for interviews or skype chat even with the youtube founders should come up as a scam since if one is raising money through ico they need to give time to each and every investor.

Interested to know too.
Look like someone **** up some real big.
I will buy some pop corn.

Add those sums together = $800 000 and you have a happy dev! :P

Hmm If you give money to someone and this person run away with everything what he have.. and just disappear. It is at least suspiciuous and in this moment you can think that it was scammer. If you are very optimistic person, you can think that maybe someday this scammer will come back and give you back your money.

Always when you invest, you have to remember that you can lost. So never go all in! For me the most important are people that stay behind project, so first of all make good research about developers

I can't believe this has happened, really hope he gets what is coming to him!

I recommend to do some research before asking. Although, the project leaders took offline all social media channels, websites, blogs and profiles, you can find a ton of articles about this case which describes the situation very well. Here are two articles on Motherboard and on CNBC for example (just a quick Google search).

https://motherboard.vice.com/en_us/article/j5j34x/ethereum-startup-confido-vanished-after-people-invested-374k-ico
https://www.cnbc.com/2017/11/21/confido-ico-exit-scam-founders-run-away-with-375k.html

How  much did you pay compared to the ICO price? I hope you didn't invest a lot. There will always be scammers.

why are people still buy this worthless coin at $ 0,01. Do they believe the dev will come back, say sorry and start all over again making huge profit for all of us  ??? ??? Some people just wanna lose money ......

It should be more requirments for people to create tokens. This burned me and I lost a lot of money. Will not jump to join so quick next time!!!!

If i was the scammer, I would buy them at this price. Then announce it was all a mistake, legal trouble solved, put out a roadmap, open social media channels.

Then dump it again a few days later.

Confido was a popular idea.  It seems there's some overlap with other projects, but judging from the ICO, there's still a lot of investor interest out there for this type of solution.  Are any "bonafide" crypto devs thinking about "taking over the project"?  Signatum has a similar takeover in-progress: they are offering a token exchange plan to move from SIGT to a new coin (STRAKS), and are hoping to attract the old miners and investors by offering similar incentives.

e.g. I'm a developer with 20+ years experience (not all in crypto ;)  )

Not just that, they even got many to get partnerships with them almost immediately after the ICO. I heard chainlink was supposed to work with them and all this hype around it actually made the price to go up. The losses to people are in million and this makes the developers even more bad that they could just have run immediately with the 375k so it was just 375k which people lost but now the loss is in millions. I hope they get found soon enough. Lesson for the people, dont trust just a talker, have them back with github activity and skype video interviews.

LOL! So happy for everyone who got scammed by this scammer! WHEN YOU GUYS WILL FUCKING OPEN YOUR EYES?

YOU SHOULD FUCKING TELL WHAT IS A SCAM OR WHAT IS NOT!

So sad for people who actually invested real money in it.

where are you guys?!!

Lol I invested money and got more money out of it, 14.5x to be precise...

But you are right, it was clearly a scam...

Fantastic, you should give some back to the community :)

Wow this should be a real eye opener for the people who blindly put their money in some ICO's without even doing some background check and basic research. Hope thy will catch the theif

Thats what kucoin posted about CFD:

"So far, after making our best attempts, KuCoin team is still not able to have an effective communication with CFD team and comprehend their updates. To ensure users’ interests and minimize the loss in CFD asset investment, KuCoin provides users an emergency solution – Till the shutting down of CFD trade (20:25, Nov 20th, 2017 UTC+8), for all the KuCoin users who had made CFD trades, their purchase net value equals to CFD total value minus sell total value. To help users overcome this difficulty, KuCoin is going to trade users’ purchase net value at the rate of 0.0000038 BTC (approximately $0.03)/CFD and directly deposit into users’ accounts. After this, users’ current CFD holdings will not change and can be withdrawn any time. This emergency fund will be deposited into eligible users’ accounts before 24:00, Nov 30th, 2017 (UTC+8). Protecting users’ interest is KuCoin’s mission and responsibility. We’ll do everything we can to hold this responsibility for a considerably long time.

After moving into business, KuCoin has been faced with numerous of setbacks and challenges. However, user interests will always come first in our solutions, now and ever. Unlike some other exchange platforms, we put our responsibility higher than profit, and this made us a ‘non-profit organization’, for now. So, if you believe in us, please do share KuCoin’s advantages with friends. Last but not least, we have to remind everyone once again that investing cryptocurrency is EXTREMELY RISKY, please play safe."


So they are going to return 38 sat ?!? Market price is 160 sat actually.

WOW ... (i was not into this coin) .... i can not believe what i see here. People call other fools to invest in this coin (after it went down).
That is so easy .... a lot of crypto investors bought this coin. Noobs, new and old crypto players. I agree on the part that you have to read and search for any info you can before you buy an ico. But thats sometimes not that easy.
To bad so many people lose money on this. I hope other investments bring you a good profit.
The ones here that shout so loud  ..... you  sound angry. I believe you lost in other occasions too or maybe have a bad roi in 2017.
  

Thanks for the heads up on this, coinpreacher.  Pretty good news from KuCoin.  Nice that they are helping the community out.  Sure, it's not a huge amount of $, but better than nothing!

It's very hard to foresee a scam coming. I don't blame who invested in it.

I would like to know if the story about legal troubles is really true, but for now we can only believe it and wait.

Hi guys. I participated in the Bounty Confido and communicated in the telegram channel. Unfortunately, the chances of success are very small. You can read about this in this article:LINK (https://freedman.club/en/ceo-of-a-cryptocurrency-start-up-has-stolen-375000-from-investors/)

So it would not work if the work was carried out through the guarantor service.

Ooohh.. God bless me for not buying this token.
Thank a lot to this forum

checkout their updated website (http://confido.io/), seems NOT scam after all, but no one is getting anything back as well

Interesting  ::)  :o

http://confido.io/
https://www.jonkersvangemert.nl/confido-announcement/

it is a scam imo, if you bail out like that it is hard to say it is not a scam. Those layers dont say if the money in reserve will be paid out at tokenowners or partcipants in the ico. So i dont understand why people still buying confido. > 8000$ today and +200% rise ..... lol

Hello aTriz, you was meneger confido compagn?

There is money to be made in scams too. Consider a possibility that if the confido team do decide to give away the funds which they have collected, it means that they will be paying out about 375,000 or less to its investors and right now the market cap is somewhat near 150,000 which even too is a 100 percent increase from what it actually was before a day.
So still people are thinking that they can make 2x or 3x if they put in confido and just get the money back. This is complete stupidity of people who don't consider that the team might have bought confido at the cheapest amount and will likely pull off another stint by dumping at a higher cost and then running back.

No one is literally asking the law firm that put up the notice and even the ceo's links to his past companies were fake as told by pepsico. Still people are trying to make a buck out of it and in that they will end up losing much of it again.

How bullshit can one say by telling threat to life for trying to build a product? I mean one time the product is not feasible, other time some lawyer screwed them and now someone is trying to kill them?

I like that crypto is gaining more and more investors nowadays but it is bad to see that dumber people are coming into it and crying out when things dont go there way!

The world is a cruel place.
Someone invested hard earned money believing in this project - probably someone trying to make a better life for him/herself and members of his/her family.
Only for someone greedy with no morals to steal all these funds.
Makes me sick to my stomach.

I thought about investing in this but did not in the end. I am sure the ''team'' are out there bragging to someone.
I hope they do the right thing and report them to authorities.

I am not sure if anyone looked into their domain name yet, to bad they used a privacy guard to cover up who actually owned it. I do know somebody inside of the domain registar company they used, I have used them since they opened ( I am a web host and web designer) I can see if he will do me a favor and get me the information but no guarantee's . What I do see that is odd if they were actually planning on making a real go at this why buy the domain name for only one year and especially since they were running a special on that TLD as well as others for pretty cheap so it would make sense to buy it for a few years but maybe that is just the web host in me thinking or they had planned this all along. I am sorry for anyone that this happened too. I almost went in with them as it was a great idea and they were very convincing , but I went in with ore bitcoin instead. I will be open if anyone has any questions for me just PM me here , and I will leave a message for my friend who works for the domain registar and he will get back to me in a day or so--- again I am sorry for anyone affected by this, I wish i could do more.

Twizztid

This is a little odd, here is Joost Van Doorn's LinkdIn he has 500 connections and it doesn't list any Pepsi or anything, things are turning ever stranger.....  https://www.linkedin.com/in/joostvandoorn/

Twizztid


**Edit Update**

I requested to connect with him on Linkdin and he accepted my request, I send him a message going to wait and see if he responds.***

I am talking to a guy with the name of Joost Van Doorn on Linkdin right now , he is saying it was not him.... will update when I am done.

Twizztid

Did they already have their ICO and got a lot of money from it? If that is the case they should preset a plan B if the legal trouble can't be overcome and investors should be reimbursed.

rip

It was a scam plain and simple. Whatever they are trying to do now is actually ensuring that people will forgive them for running away with a big wad of cash. The money they will return will be just 375,000 but what about the money they invested in their own coins like for example giving themselves huge bounty from the tokens and then selling it off. They made good amount of money and it is most likely saved in different wallets which they can go to when this whole storm is over.

The law firm which is representing them should come forward and release their pictures or atleast someone should file a police case and name the law firm along with it so the real identities can come out as soon as possible.

I chatted with the man on Linkdin last night for a little bit. This is not the man even though  his background does fit ( he is very versed in IT) The man look's nothing like what he has on his Linkdin , and also on his Facebook which is very old ( I did put them both in PDF files for those who would want to see it) SO thee are three things

   1) It is him and he just used a different picture

   2) The person used his man's name knowing they would be taking the money all along

   3) This is the long shot the guy in the picture is actually has that name , but somehow has no internet foot print at all

If anyone has any question's or want any of the information I have just PM me here.

Twizztid

It was interesting idea but how it's happen?
This is an ordinary scam?
If it is true why in the message on website have information about refund?

Why this subject continues after the monument to everyone

The approach you suggest would indeed be the exact right one. It will become clear very quickly that they have something to hide and which serious law firm in the world would take any responsibility for the mess going on here? Does this "law firm" even exist? :D

The law firm exists and it is based in netherlands and they have posted a statement related to confido as well. Someone needs to out the identities of the people who contacted that law firm and i guess a citizen of netherlands can do that easily by making a few calls or just filing a criminal case against the firm. Its not about refund but about many people losing their money since the market cap was in millions.
Neither they have come out and told why they abandoned their development and why they lied about their pics and working in firms when the firms refute their claims.
I cant seem to understand what is their plan but for sure it is not good.

Someone told me that cofido after their scam-manipulation will return money to investors that paticipated in ICO. Is this real information, or just another rumour, and nobody will refund stolen money to defrauded membrs??

Let's hope for those better times when the exceptions become the rule and we can more reliably invest in crypto projects / ICOs.

It's real information. It's reported in the Dutch magazine Quote: http://www.quotenet.nl/Nieuws/Ethereum-cryptoschandaal-Confido-bewijs-dat-het-geld-niet-weg-is-207651

According to a Dutch law firm Jonkers en Van Gemert that specialises in cyber crime the funds are still available and will be refunded and this law firm confirm the message on http://confido.io

https://www.jonkersvangemert.nl/confido-announcement/

Hope it works out for those who invested.

It still doesn't solve the purpose. With 9 million coins and just 375,000 return, people will be getting pennies on the dollar invested. The ones who bought the coin when it was 30 cents or more are ruined by it. I am shocked that rules related to ICOs are so simple and this is infact creating a bubble. ICOs need to be regulated otherwise more and more companies will come and just ruin millions of new people who are trying to come in crypto market now.

What is the way of Token purchaising?

it is too late to invest?

there is still little volume on etherdelta if you want to get confido tokens.
but why would u want to do that?
the project is almost %100 dead,people trying to get their ico money somehow.
did u read the posts above?
frankly i wouldnt do that if i were you but go on if you think there is a little hope for cfd.who knows you may be right :)

Spending money to recover money which has already gone will be futile. Gamble never pays off atleast in scam projects. Even if confido is the best of the best projects, after this stint no one will ever try to put money into it; atleast no sensible person wont. The FOMO in crypto is so much that people are willing to throw in money for anything just to see that 10x within a month.

And there is also this never-ending list of alternatives so why bother with this one when there is a ton of other projects you can lose money on! :P

If the info is correct, they will going to buy back the tokens at $0.04 each. Raised amount / 9 million

So people who bought bulk at 0.01 cents will be making 4x. Wow people making money from scams too with the only exception that it is more or less like blood money got from the scam victims. Anyhow business is business and someone's loss is another's profit.

who is going to buy back?

I'm considering it.  But, to be honest, I keep feeling the buy back is a scam too :(  e.g. after all coins are returned, the legal issue (whatever it is?!) will resolve itself and the project will re-emerge, with a much higher valuation.  As masternode points out above, I can't see how confido could recover after this stint.  I guess I am just being overly suspicious(?)  The refund equates to less than 1/10th my investment.  Feels like a kick in the face, as opposed to an honest refund.

Sorry Joost: your heart may be in the right place.  I'm just sore from how this all went down.  I sold Monero (when they were priced ~$100/each) to get into Confido.  That means my actual losses with Confido are much higher (since I probably would have just held onto my Monero instead of investing in Confido).

Anyways, that's enough complaining ;)  I have better things to think about than this.

there is an announcement that they gonna buy back the confidio tokens on Kucoin on December 23.

It can be found on their website. There will be a buy order to return all distributed tokens at a fixed price of 0.08$. Too bad i found this now, few days ago confidio was around 0.03 cents. Now its 0.06 cents, its too risky for me.

http://confido.io/ (http://confido.io/)

So if it was a scam why are they returning their money to investors?

Or if they are not scamming why they acted like that?


Anyway, at least investors will take their money back. I had some icos back then with no money back.

Well seems like someone kicked them hard to get it so far. I am happy for everyone who can get back money now.

It was a scam, just a very good one. They bought and sold their own coins at a higher price and by giving the money back they are removing doubt from most of the people's mind that they are scammers. They made millions and returning 500k to ensure safety of themselves from the feds and different govts around the world. Paid a couple hundred k's to get a lawyer for the legal protection.
No lawyer would touch such a case but in crypto all the lawyers jump in since it is unregulated
  its the easiest million bucks the scam team made. People may get lambo in future or not but they certainly did wthout doing anything and within a month! Well played scam team!
confido didn't stood for confidence but rather confiding of a scam among few people who were willing to do whatever it took to get rich.

If this project is dead, who is currently buying these tokens? There are some really big buy orders on Ether Delta.

it's a pump and dump movement in order to attract newbies or greedy people.

this coins is dead and ICO regulation is needed.

Indeed but the regulation if done by government entity would be an issue for the companies and no private entity will come up to take this responsibility. A government overlook wont be bad afterall as long as banks sympathisers are not in such committee .

They appear to be buying back tokens at ~$0.50 each according to their website.
http://confido.io/ (http://confido.io/)

Probably a good time to get out if you have any still.

I have been buying back and retrieving the coin again

So how did that buy back of (ALL) the tokens turn out....?????  I have read nothing on this entire post but I would bet the dev is not present....

Will this coin be recovered by the community?

A new way to be safe when scammed an ICO. Just brilliant idea and so simple. They made millions and there is a big possibility to recover this coin using this money and make 100 mils or more.

dear dev why not reserved to bounty ?
when to bounty in distribute pliss update news information

the project is dead and even if its not dead, it is a proven record that the people behind it are not capable of launching a product or check out the legal compliance. Just stay away from this to not get your effort wasted.

why does kucoin still have this on their exchange?

dam i got excited about this coin, only 15 mill total at this price :(

WoW quite a message this thread starts with. Just take the losses man and move on. Never go all in, ever. Win some lose some and sometimes you get wrecked. It is what it is, hope you learn to love it in due time

from my understanding that Joost was a part of dev team and he stole and dumped all the coins he could put hand on, this was a solid project but he fucked his friends and also the investors.
i made good profit on this project, sold on time but i m still intressted and bought again the dip and i hope they really do something and its not only a buy back orderd by law, cus if they develope thier idea this coin has great potential

I sent these coins from my Mist wallet to MyEthereumWallet, but the transaction has 0 confirmation:

0xafe13013389d0f976acc8db276c8a3d3d0f253f68d79493565587640ded89cbd

Will it ever get there or this coin's network is blocked?

wew.. I was about to buy this but its already dead... wew reading is important before investing.

why are you still buying this coin? doesnt make sense.

BIG PUMP TODAY 160% UP! anyone knows why???