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Topic locked.

I can no longer in good conscience promote this project, due to unanswered questions as to where the ICO funds spent.

Send a PM

nice to see everything under 1 roof!!

only email is the way to contact your team members?
 why not add linkedin profiles also. your pragmatic coders have theirs.
you are building your integrity as an exchange so i think its only fair to show your profiles.
you mentioned on your OP that theres no "exit schemes" here. not gonna happen.
prove it by providing your basic info to the public. ty

Noted, Ill contact them

Be sure to check back

Nice to see everything in the same place

I didnt even know they were connected

Where is your exchange based at? Do you have fiat currencies in your system? If there's no kyc, so everyone has no limit in terms of their withdrawal capability?

Turkish Translation Reserved

Xchange.me is an exchanger like changelly, thats where there's no KYC

Xult.com lets you trade 1 BTC, then KYC Steps start.

Okay got it! I was wondering about the KYC thing at first. Somehow, there should be KYC in the process. And you already answered it, above 1BTC, they will accomplish the KYC stuff.

Very nice compilation of the Excc-franchise essentials.


Can you believe that one can purchase Exccoins today for even under one cent!! ,
with a circulating supply of 16,536,000 and total Max supply being 32 million!!!

I don't either!, But it's true!

I'm filling my bags as I speak! : )

Exactly

There is HUGE upside.
They have 2 projects already and the decentralized exchange to come. You can find coins that are less than a penny, but they have billions in circulation. EXCC is in the low millions.

It can rise to $1 a piece and still not even be in the top 100!! Talk about a money maker

 Your coin will be universal and can be used in various cryptocurrency transactions .  Is it possible to get the coin in a different way than buying in exchangers ?

Like any other new coin right now its new and still in third stage of development.

I agree with you thats the goal. Once theycan do that we will already be there. If that were the case now it would certainly be in the top 100 and by marketcap would put the coin at 2 to 4 dollars. Its around 1 cent now. So yeah the potential for insane ROI is definitely there

Did you know that Excc coins can be STAKED as well as mined?

Yes, you can get more Excc for your Excc!
Staking is buying tickets and when the ticket gets voted you get your stake(ticket price) + MORE Excc-coins.

The basics on how to stake can be found here: https://excc.co/start-staking-and-mining-using-our-new-desktop-wallet-exilibrium/



This is something I wrote to bring some clarity to questions that folks have about the ticket price and it's fluctuations:

"Ticket price stays the same (in Excc) for a buying window of 144 blocks.

In every block max 20 new tickets can be purchased.

So, 2880 tickets total.

After every 144 blocks , the price of the ticket gets revaluated and changes according to how many tickets
there are total in the ticket/votingpool.

Now, TICKET POOL SIZE is
48,633 (118.73% of target 40,960) notice the TARGET!

So generally one can say that the ticket price rises when there are OVER! 100% of the TARGET amount on 40960 tickets in the pool.

And the price of a ticket goes lower when there are UNDER! 100% tickets of the target amount available for voting.

The price of the ticket dropped recently to about 30 Excc/ticket. This was because tickets were not being bought
and the TICKET POOL was getting as low as 80% of the target amount. As the price was low some smart individuals : )
bought blocksfull of tickets, replenishing the ticket pool. The price of a ticket can rise only a certain amount after 144 blocks, so the price rose very gently
and blocks were full of bought tickets.

Now that there are 118% of the TARGET POOL, for the price of a ticket to begin to get lower it will need the ticketpool to diminish.
5 tickets(usually 5, might be 3 or 4..) are VOTED every block and those come out of the Ticket pool.

The TICKET VOTING system combined with MINING (gpu's)  SECURE Excc blockchain making it robust and beautiful."

Great post, as I think that is something most overlook, or dont understand

Understanding the Proof-Of-Stake System


Stakeholders will be required to secure a ticket for eligibility to participate in the stake mining process.

Tickets can be secured by locking an amount of EXCC. With these tickets, stakeholders can cast a single vote per ticket.
After voting, the ticket delivers a reward in addition to the original value of the Ticket Price.

Tickets for the voting process are randomly selected and the duration of this voting exercise can last anywhere
from 1 to 71 days (14 days average), however, there is a 0.5% probability that the tickets can become invalid
before selection for a vote.

Upon expiration, the original Ticket Price is refunded without a reward. For each
mined block, there must be five votes; if the votes fall below five, a deduction will be made from the miner’s
reward as a penalty. The mined blocks are permitted to have as many as 20 new ticket purchases. It takes 256
blocks for a new ticket to mature before it can be added to the Ticket Pool and eligible to be selected during
the voting process.



Some crucial variables that one should know while staking include the following:


• For every 144 blocks (approximately 6 hours) the algorithm for the stake difficulty runs a calculation
 to generate a new Ticket Price to maintain the Ticket Pool size so the target size of 40,960 tickets will
not be exceeded. In this instance, the 144-block window is called the Stake Difference Window Size.

• For every single 144-block window, users wishing to stake their EXCC coins are mandated to pay
 the Ticket Price/Stake Difficulty price.

• The Ticket Pool refers to the overall number of the tickets available on the EXCC network.

• The Ticket Fee refers to the rate that is mandatorily added to the ticket purchases as an incentive
 to encourage Proof-of-Work miners to add the ticket to a new block. The Ticket Fee is usually represented
as the EXCC/kB fee rate per ticket purchase. This means that for transactions of higher values, the user will
pay a higher fee. For example, the purchases made for solo staking tickets are valued at about 300 Bytes;
this indicates that a Ticket Fee will require 0.1 EXCC to be spent only when the ticket is added to a block.

• At lower Ticket Prices for a single Ticket Window, users can witness the formation of a market,
where multiple stakeholders will attempt to buy tickets before the window closes. However, if the
 Ticket Price  is not very low and the deal seems profitable, the default rate -  Ticket Fee of 0.001 EXCC/kB
 will be sufficient to be added to a block. If a ticket is selected for a vote, the wallet with the voting rights 16
must be online to cast a vote or the ticket will be recorded as a miss, and the user will not be rewarded for
that ticket. The stakepools offer a solution for users who cannot be online 24/7 to vote.

• The stakepools are used by the stakeholders to carry out transactions for ticket purchases that provide
stakepool voting rights for a user’s tickets. Voting can be done on the user’s behalf for a small fee (usually
less than 7%) paid for participation. This fee is charged to enable the maintenance of the three servers being
hosted to run the stakepool. Known as the Pool Fee, it is charged for the minimal PoS reward.



The Lifecycle of a Ticket


It is quite easy to buy tickets for the PoS. After purchase, the ticket on the mainnet (there are multiple para
meters for test net) will pass through different stages during its lifetime.


1. After purchasing a ticket through Exilibrium or the exccwallet, the individual transaction charge
for each purchase is expected to be Ticket Price + Ticket Fee.

2. The purchased ticket is added to the Mempool where it will be kept until it is mined by PoW miners.
A maximum of 20 new tickets are mined into the different blocks.

3. Blocks with a higher Ticket Fee for transactions are used for the high priority tickets. It should be noted that
the Ticket Fee is valued at EXCC per KB for each transaction. Some transaction sizes such as the solo ticket
purchase are 298 bytes, while others such as pool ticket purchases are 539 bytes.

4. A - This is for tickets mined into a block; it assumes the state of an immature ticket for 256 blocks
(approximately 10 hours). The immature tickets are not eligible for voting, and at this stage, the
ticket fee cannot be refunded.
    B - In the case where the users’ ticket is not mined, Ticket Price and Ticket Fee
are refunded to the account used for purchase.

5. At maturity (256 blocks), the ticket is added to the Ticket Pool where it can be used for voting.

6. The possibility of a ticket being selected for voting is dependent on a Poisson distribution, which
is done in an average of 14 days after which the ticket stands a 50% chance of being voted.
 
7. Regarding the size of the target pool (40960 tickets), randomly, the tickets have a 99.5% chance of voting
within a period of 71 days (approximately 2.3 months). It is expected that the ticket will be invalidated
if it is not voted within this time frame. Subsequently, a refund of the Ticket Price will be made.

8. In a situation where a ticket is unresponsive or when two valid blocks exist close to each other,
it may miss the call to vote. If this happens, the user will receive a refund valued at the original Ticket Price.

9. If a ticket is voted or missed/invalidated, the funds (price of a ticket and the subsidy,
 (excluding the fee) attain a maturity status for the next 256 blocks before it is released. In the case of
missed/invalidated tickets, the transaction will be revoked, and the locked ticket asset is released.


 Please Note: Only missed tickets can be submitted for a revocation, users are not permitted to
proceed with the revocation of a ticket until it has been recorded as missed.

Got it thanks

CHECK OUT THESE LINKS:



IS XULT.COM A GOOD IDEA?

https://bitcointalk.org/index.php?topic=5112441.msg50021049#msg50021049



WHAT OTHER COINS HAVE MULTI TIERED EXCHANGE PROJECTS LIKE EXCC COIN, XULT.COM, XCHANGE.ME, EXCC-DEX?

https://bitcointalk.org/index.php?topic=5111678.msg49813431#msg49813431



EXCHANGE COIN DEVS JUST BROUGHT ME ON AS COMM MGR. YOUR THOUGHTS ON THE PROJECT?

https://bitcointalk.org/index.php?topic=5114321.msg49921041#msg49921041

Interesting PoS, like a Decred. Can I start masternode on EXCC now?

So wonderful to see such a project with a huge potential. After looking into those links, I can safely recommend this to folks all over. I mean, this can easily hit a $1 target with just few moves.

Thật tuyệt vời

Welcome everybody

Hi Guys!!

Are you new to EXCC or just coming over from the Discord Channel?

Great to see your support!

With the Dev Team on the EXCC-DEX Decentralized Exchange stage of the roadmap, its time to get the word out!

There is a great EXCC community spread out throughout the different channels, lets spread around this link and get everyone posting here, so we can get the community all in one place.

Heres the link:

https://bitcointalk.org/index.php?topic=5113974.0

https://bikerumor-wpengine.netdna-ssl.com/wp-content/uploads/2015/05/IXS-Xult-cedric-gracia.jpg : )

The price for a ticket is too high right now, 1,051.36148911 EXCC.
Pool Size: 36,944

 So, for those that are unaware, this platform had an ICO where they collected close to 650+ BTC to build this exchange. After several months of delay, they released a subpar version of what they promised, then made an announcement that they already blew the entire bag. So not only did they release an exchange that look like it was built for 1/16 what they collected, this guys are claiming that they already blew the entire donation.

 They made claims like 120 BTC for tax payment ;D, 50 BTC for shill allocation etc lol you can read more about their ridiculous claims here https://excc.co/project-update/  So, if the goal is to encourage adoption of decentralized alts/encourage better business practice in this space, then we should make it a point to confront/eradicate this dubious characters from the space.

 Am sure someone will be quick to defend their terrible practice with a far worse practice like it makes the first one better. Or they will blame it on the fact the space is new and ppl are still trying figuring it out. By the way, its not hard to track a biz finance/spending on a platform utilizing blockchain.

 So, i have nothing against the EXCC community but as a long term investor that care about the long term health of this project, i suggest that we insist on the admin releasing the financials for the project before moving forward. Since most of the money is blown, and a lot is dependent on the investors (like marketing etc) moving forward, then it only right that we make sure the current admins deserve to reap the benefit of those hard work/should be trusted with millions of fund in their care.

 Quite frankly, the whole idea of decentralized/blockchain space was built on improving better business practice (i.e transparency) and encouraging adoption of DE alts to current central options. So, there is no reason to deny this or try to claim that since so and so company is also practicing bad practice and restricting info with the mass, that it should be accepted from this team. Accountability is key, cos they are trying to run an exchange which entails investors trusting them with the safety of their funds

 Also, an account kept yelling about companies needing to make profit on discord, so i might as well address it immediately. Well, companies need to make financial profit, after they have performed the duties of a company and earned the profit over time. They shouldn't take a significant chunk of investor's money that was given to create something and put it their pocket under the guise of needing to make profit. If that is not the case, then show us the financials, cos we funded the entire project.

 So, for those stating that its in the past and we should move on, should realize that those who are responsible for that past is still in charge and will reap the benefit of all that work. Also, they will be in control of millions of fund. So, if they refuse to release the financials or  it shows that they grossly mismanaged funds and pocketed huge chunks of money for personal use, then we should seriously worry above having such characters in care of people's fund.
 
 So, either we get some transparency from the admin and win some trust back, or i will keep this info in the forefront for the foreseeable future.
 
 Again i have nothing against the EXCC community, i just need to make sure the individuals in charge, deserve to be there. Its best to push out dubious character from the beginning, that how you stop a quadrigaCX/coinsmarket from occurring.

Well, before you take any of the text seriously, you should go through these threads:


https://bitcointalk.org/index.php?topic=2779634.0      (Islapdonkey scammer, blackmailer and extortionist)

and

https://bitcointalk.org/index.php?topic=2571714.0      (Islapdonkey Blackmail)

Here's some feedback that this user has received:
Islapdonkey   2017-10-31   0.00000000      Take everything this guy says with a grain of salt. Continuous serial spammer in the forum, a tumor to bitcoin itself

Such drama..   ;)

 Quite sad, that you resulted to this, cos all it takes is just a little research. Just a little research will show that i have been exposing scammers on this forum for awhile and in attempt to discredit my account on this forum, this scam group starting creating threads with malicious info with my acct name attached to it. The admin of the site was made aware and post their research, all related accounts were flagged.

 The ist link is from convery who dumped on his droxne investors and tried to repeat the same act with the same coin. My dealing with the guy is well documented on this thread with extensive proof to support my statement (https://bitcointalk.org/index.php?topic=2424624.msg24810549#msg24810549) even if you took the time to read the thread you posted, you will see the proof.

The second link is from a scam group that i have busted at least 20 of their scam attempt, even the account that posted the comment has multiple negative score related to there dealing with me in the past. All one need to do is do a minor research to easily discredit this post but it seem like every time i make a negative comment about a project, some genius tends to default on this, without realizing that it makes them look stupid to anyone who takes the time to read thru the thread. To see a detailed list of their scam attempts that i have busted, with extensive proof, you can visit this thread https://bitcointalk.org/index.php?topic=2386727.msg24385320#msg24385320

 Also, am not even sure why you posted those thread, my guess is to discredit the guy talking negatively about your investment, without taking into account that am also heavily invested in the same project and my attempt is in the long term best interest of the project. You have a team that was given 650 btc (that's 2.5 million with this depreciated value) and they release an exchange that is subpar compared to what they promised and  looks like it could easily be made with 50-100k. To make matters worse they gave some ridiculous claims for blowing the remaining funds. The same team, wants investors to trust them with the security of their fund.

 All am asking for is accountability with the ICO fund, to make sure this team deserve to be entrusted with investors fund, and you try to use bullshit to make me out as the bad guy. Oh well, apart from the fact that all those post have been proven false by admins on this forum, the team already stated that they blew the entire fund, so you can't use the scammers favorite excuse that am doing all this to blackmail the team.

So, i will repeat this again for the vultures that only care about themselves, but this is bigger than me and you. This guys are trying to run an exchange which entails convincing people to entrust them with the care of huge amount of money, and till they can prove that they didn't grossly mismanage the funds that were already given to them, they don't deserve more funds entrusted to them.

 And don't try to explain away their bad behavior with far worse behavior like it makes it better or claim that this is a new space, so its hard to take account of fund in a blockchain platform. Everyone is trying to make a profit, but some things are bigger than your selfish yearn. By identifying and eliminating dubious practices in the space, we prevent another coinmarket, quadrigacx etc.

Ive been hired as the Community Manager for the EXCC Ecosystem here on Bitcointalk recently, so.....

@islapdonkey

YOU ARE THE ONE WHO IS MAKING THESE OUTRAGEOUS ALLEGATIONS, SO IT IS UP TO YOU TO PROVE IT.


ILL WAIT...

 I didn't make any outrageous allegations, i was just responding to this update https://excc.co/project-update/ that 650BTC is almost gone and all we have to show is this exchange https://xult.com/

 In case you unaware,650BTC is a lot of money and the numbers ain't adding up. All am asking for is accountability. 

 Investors already entrusted a large amount of fund to them, and we should verify that it wasn't mismanaged before encouraging others to entrust their funds with them.

 In case you miss the update, there you go https://excc.co/project-update/  the 120 btc for tax should be a quick one to prove ;D

The update explains a lot. You dont think they had to pay taxes? Maybe Im wrong, but I would think they would have to do that.

Why do you see the 120 BTC in Taxes as a red flag? Im not a tax expert, so maybe you see something I dont here?

The update you referenced goes into detail their expenses.

The exchange seems ok to me. Why would you see it as subpar?

Its about accountability. 650BTC equates to approximately 2.5 million dollars in this current market.

Its not about what either of us think. Or what anyone that just recently purchased excc might think. Its about accountability at the early stage of an exchange. this certifies that ethical business standards/protocol is been followed before encouraging others to trust them with the safety of their funds.

This is a blockchain platform, the movt of funds should be on a ledger + there shld be verifiable supporting info to support it. At this stage, a blog post to explain several millions in spending without supporting proof is ;D ;D please do not try to explain away a bad practice with a far worse practice cos this is meant to be an exchange.

From all indication, the investors that entrusted them with millions of fund were drastically impacted.
They didn't invest 650 BTC for a broke platform with a 50K max buidl exchange. And that's max 50K buidl cost not value.

So, without providing verifiable info to support this huge variation btw achieved roadmap to total cost, it wouldn't be safe to entrust them with more funds.

I hope that answers your question:)
So, there is nothing wrong with https://xult.com/ if the 650BTC allocated to create/run https://xult.com/ isn't almost gone.

Where we at with the roadmap, to what is spent is  :o :o  ;D ;D ;D

We see their post, now lets see the supporting info. Some of us will get shit verified ;)

Ok, I took your first post as on the unreasonable side. Sorry, my fault.

From my understanding, money is tight, and with all the expenses listed, it would be tight.

Now that they are at a point where their resources are limited, and they are being honest about it, and acting accordingly, it seems that they havent done anything lead us to believe they shouldnt be trusted.

From my understanding, they actually raised and had full control of the 650 BTC BEFORE they released their actually identities to the public. They could have disappeared easily with ALL the 650 BTC, and there would have been nothing anyone could have done about it most likely. But they did release their true identities to the public, so that builds a lot of confidence in their integrity to me.

So taking this into account, along with that they have been clear in their update, as to the money that was spent, I think they have been more transparent than many of the popular exchanges people have trusted assets with.

And I think the fact that they paid taxes is a good thing.



All that said, I understand your frustration with everything thats happened.

Things did not move forward as everyone would have hoped they would.

The market crashed, Xult took twice the quoted estimate, and the marketing company didnt deliver. These are the main factors for the disappointing results. Lets not hold the Devs feet to the fire for things that were outnof their control.

As they stated in their update, many established exchanges have gone under during this major market downturn, and the EXCC Ecosystem is still alive.

EXCC online wallet is very nice
Xchange.me is working
Xult.com is working

Now the Decentralized Echange wasnt supposed to come out until 2019 and may see delays on launch.


Still, the Devs have everything up and running and are ready to move forward, and bulid the EXCC Community, and gain new customers at the Xult Exchange, so being a large investor yourself, it would be good to see you stand with us and help to build the community to the best it can be.


I intend to build the EXCC Community, gain more investors in EXCC Coin, and help bring more customers to Xult.com.


The EXCC Community could benefit from someone who is willing to ask the hard questions, and still stick with us through the thick and thin.

Can I count on your support?

Sure, you can count on my support when the team start providing verifiable info. i.e in what jurisdiction was 120 BTC in taxes paid, and can we get supporting info cos we would like to verify it etc. Explaining the spending of 650 BTC with a bunch of unverifiable info does not make them honest, cos they can easily write anything they want, and you as a hero member should know this.

https://xult.com/ is a 50k max buidl, so how are they at a point where resources is limited?  Again, i see their post, now lets see the supporting info. Some of us will get shit verified.

 This group received 650 BTC. The movt of funds should be on a ledger + there shld be verifiable supporting info to support it. we need that detailed financial. And plz do not try to state that so and so is also utilizing bad practice like that makes it better. This is a crowd funded project to build an exchange, and before the crowd entrust them with more money, we should see a breakdown of what they already received.

So, yes excc team members made their identity public, but i believe that decision was made to facilitate a switch from a short con to a long con. Till there is verifiable proof to support the spending of 650 BTC at this early stages, i would hold on to that plausible belief. This guys do not reside in the US, UK or certain Asian countries that prosecute. If i had a penny for every public eastern European team that conned me in this space, i will have a decent amount of pennies by now.

(keep in mind that my claims about a long con attempt is unverified and i will admit to that. But what we know is there is a huge variation btw where we at with the roadmap, to what is spent is and that need to be cleared up with verifiable documents/info)


Again, Its not about what either of us think. Or what anyone that just recently purchased excc might think. Its about accountability at the early stage of an exchange. this certifies that ethical business standards/protocol is been followed before encouraging others to trust them with the safety of their funds.

So, plz lets not deflect anymore cos their service warrants a lot of trust and before its extended, lets see the financial to support the gross mismanagement of 650 BTC. Some of us will like to get the infos verified.

EXCC were transparent from the very beginning and told the public about all the changes on their part. Recall the high-rated ICOs of 2017 — homeblockcoin, unixcoin, hextracoin, regalcoin, and others. It was all scam. On the contrary, EXCC team made several products during this time. Only greater public attention is needed.
650btc is not such a big amount given the current exchange rate. In addition, the tax rate in Poland is 19%, which is 123.5btc from 650btc.
I think EXCC-XULT-DEX project is the good one, the dev team working hard in the background to deliver what it was promised.

Lol again don't try to explain a bad situation with a far worse situation like it makes the first one better. Some of us are aware of standard buidl cost and its safe to say that xult.com didn't cos more than $50k to build. So yeah i hear the excuses but if we can please get the financial to support it. regardless of where the tax was paid for example, some of us will get the validity of the info verified before moving forward.

as for your comment "650btc is not such a big amount given the current exchange rate"  ;D that's approximately 2.5 million (yeah that's million) in this current market.

Great point on comparsion to bad projects, I dont want to do that either.


On the price of the exchange being 50k, thats an extremely low estimate IMO

Again, Its not about what either of us think. Or what anyone that just recently purchased excc might think. Its about accountability at the early stage of an exchange. this certifies that ethical business standards/protocol is been followed before encouraging others to trust them with the safety of their funds. let see verifiable info to support the spending of 650 BTC this early, some will get this infos verified

Well, before you take this fella seriously, you should go through these threads:


https://bitcointalk.org/index.php?topic=2779634.0      (Islapdonkey scammer, blackmailer and extortionist)

and

https://bitcointalk.org/index.php?topic=2571714.0      (Islapdonkey Blackmail)

and

https://bitcointalk.org/index.php?topic=2381393.new    (ID-theft)

and

https://islapdonkeyserialscammer.wordpress.com/          ( a list of Islapdonkey's doings)


Here's some feedback that this user has received:
Islapdonkey   2017-10-31   0.00000000   
Take everything this guy says with a grain of salt. Continuous serial spammer in the forum, a tumor to bitcoin itself


Such drama..   ;)

Interesting..


I appreciate your concerns, but other than under-estimating the price to build and exchange, and maybe pushing a bit too far demanding the devs post tax documents (which is his porogitive, and most likely not going to happen but hes free to check public records) hes done nothing wrong here.

Those links have a lot going on. Islapdonkey is free to ask questions here, and Ill give him the benefit of the doubt that he'll accept the answers, and will take him at his word that he cares about the project and just wants things to go well, until he shows us here in our thread something different.

Im talking to the devs about getting some more details as to where the project is now.

At the same time you are entitled to your views as well @snowyNNN

I hope we can all get along

We are in the beginning stages of building the community, as we are at 3/4 of the initial roadmap and its time to start really spreading the word as to the potential of the EXCC eco-system

Am not one to easily insult someone, but one thing i can't stand is a greedy asshole with zero ethics. So, in response to the asshole that lacks the ability to counter my post, the asshole that only cares about himself and is using misleading tactics to support his bs, i will repost my exact reply to the same comment snowyNNN made on the prior page.


[/quote][/b]

 Quite sad, that you resulted to this, cos all it takes is just a little research. Just a little research will show that i have been exposing scammers on this forum for awhile and in attempt to discredit my account on this forum, this scam group starting creating threads with malicious info with my acct name attached to it. The admin of the site was made aware and post their research, all related accounts were flagged.

 The ist link is from convery who dumped on his droxne investors and tried to repeat the same act with the same coin. My dealing with the guy is well documented on this thread with extensive proof to support my statement (https://bitcointalk.org/index.php?topic=2424624.msg24810549#msg24810549) even if you took the time to read the thread you posted, you will see the proof.

The remaining link is from a scam group that i have busted at least 20 of their scam attempt, even the accounts that posted the comment has multiple negative score from mods in this forum and its all related to there dealing with me in the past. All one need to do is do a minor research to easily discredit this post but it seem like every time i make a negative comment about a project, some genius tends to default on this, without realizing that it makes them look stupid to anyone who takes the time to read thru the thread. To see a detailed list of their scam attempts that i have busted, with extensive proof, you can visit this thread https://bitcointalk.org/index.php?topic=2386727.msg24385320#msg24385320

 Also, am not even sure why you posted those thread, my guess is to discredit the guy talking negatively about your investment, without taking into account that am also heavily invested in the same project and my attempt is in the long term best interest of the project. You have a team that was given 650 btc (that's 2.5 million with this depreciated value) and they release an exchange that is subpar compared to what they promised and  looks like it could easily be made with 50-100k. To make matters worse they gave some ridiculous claims for blowing the remaining funds. The same team, wants investors to trust them with the security of their fund.

 All am asking for is accountability with the ICO fund, to make sure this team deserve to be entrusted with investors fund, and you try to use bullshit to make me out as the bad guy. Oh well, apart from the fact that all those post have been proven false by mods on this forum, the excc team already stated that they blown most of the fund, so you can't use the scammers favorite excuse that am doing all this to blackmail the team.

So, i will repeat this again for the parasites that only care about themselves, but this is bigger than our investment. This guys are trying to run an exchange which entails convincing people to entrust them with the care of huge amount of money, and till they can prove that they didn't grossly mismanage the funds that were already given to them, they don't deserve more funds entrusted to them.

 And don't try to explain away their bad behavior with far worse behavior like it makes it better or claim that this is a new space, so its hard to take account of fund in a blockchain platform. Everyone is trying to make a profit, but some things are bigger than your selfish yearn. By identifying and eliminating dubious practices in the space, we prevent another coinmarket, quadrigacx etc.

Ok

Glad you guys posted how you felt about everything.

You have both stated your points

Lets leave it at that.

@islapdonkey you can not attack him and call him an asshole here on this thread


@snowyNNN you can not attack him and call him a tumor here on this thread


Lets especially make sure we refrain from the personal attacks, and like I said you have both stated your side with references and links. So lets chill now thanks

Why are you listening to anything this 'fella' has to say?

You can clearly see 'is track record on the forums!

Or you just being the community manager, goodie-too-shoes?

I don't know why'd anybody side with that dude, pal!


"Islapdonkey

This user is currently ignored. "

 You giving him to much compliment by suggesting that he came up with the tumor comment. This guy is yet to have an original thought/provide a valid counter.

 That tumor comment was left by one of the scammers i busted. An individual that if you clicked on the profile name, has multiple negative trust from the moderators of the form due to his association with me:) So anyone reading, please do take the time and visit every thread listed by the genius above. You might be surprised to see a thread i even created against the scam group, been used as link to discredit me cos someone didn't take the time to research their post:)

 So, again the team member already stated that they blew the entire 650 BTC, so he can use the scammers favorite line that a\m doing this to blackmail the team ;D

 Now lets go back to the core of the discussion, which is providing that clear detail for 650 BTC in spending. Let verify that the spending is legit before advising others that it is safe to place their fund under their guidance.

And since that parasite, keeps quoting that particular acct, here is a link to that that profile trust hx. u can see that the negative trust is actually from a moderator, not some random acct

https://i.imgur.com/q7tzSDo.png

The team did not blow the BTC

They have given us a breakdown of what the BTC was spent. You are counting incorrectly. The XULT Exchange is no $50,000 exchange. It is easily 5 times that. Things add up.

The team is very trusting. They have done nothing but be honest to us. Do I like the current situation maybe not so much but you take things too far.

You act like you are an investor. Now lets see you provide some proofs as I dont believe your bullshit. You are against us not with us. Go away troll

Again, if we could plz get a detailed supporting proof for 650 BTC in spending, that will be great. (Emphasis on supporting info to back up a blog post)

You don't have to like me nor necessarily care about what am saying, but ultimately this is bigger than our investments. They have already been entrusted with a HUGE amount of money, and it seem like they grossly mismanaged it.  But if that not the case, we should make an effort to verify their claims before convincing others to place their fund in their care.

Since it launched, Xult has maintained a daily volume of under $40. So, am surprised that those attacking me, and claiming the team is trustworthy, do not make an effort to place buy orders/ do most of their trading thru the exchange. So, i wonder if this attackers truly give a fuck about the exchange/the crypto community as a whole, or they just want to sell their excc for a profit with no care whatsoever about the team's integrity.

Anyone can just add anything to a blog post, and it don't mean shit without a supporting proof. Bitconnect could release an update tomorrow that they gave ppl ample warning prior to the fiasco, then claim that they intend to honor all bitconnect price prior to the dump. None of that mean shit without proof. Just like bruno from opq claiming that he dumped to beat his cowrkers to it. none of it mean shit without supporting proof. So, am not sure how is this any different.

Again, am not the bad guy here, i know ppl are invested and so am i, but my track record on this forum will show that i rather take a loss, to expose a nefarious/malicious act, than stay mum just to make a profit. I fought droxne's team second attempt at scamming their investors to the end. Some of the inflammatory link is from the droxne team on an attempt to discredit me. Unluckily for them, i save everything and had supporting proof to expose their early attempt. I ended up losing a total investment of 1.2 btc, cos the coin is still sitting on the wallet, but my cont post was helpful in limiting their second attempt

The space is still small, we early in the game and should be helping each other out, but i get that greed is a muthafucka, and a bad habit to shake.

Anyway, i shouldn't have to show this to prove that am investor in this project. I didn't receive 650 BTC that i need to account for. If anything, i financially contributed to the project. but since the previous post has chosen to use that angle to try and discredit my comment (which wouldn't even matter if i wasn't an investor, cos the info stated by the team still need to be verified) here is a copy of my wallet, without the id, showing the total coin amount. Again, this is deeper than your investment, we need to verify that ppls fund will be safe before advising others to use the exchange. That's how you prevent a coinmarket, quadrigacx from occurring

https://i.imgur.com/SDxzEpa.png

Ive asked them for a more detailed update as to the BTC, however, I dont believe they are going to post a bunch of actual documents.

Lets see what they put together first

@lexicon take it easy, "YOUR bullshit.
Bullshit is fine, Im sure you see the difference

Thanks

Here is the latest news.

    https://excc.co/exchangecoin-status-update/

 The latest news was to reaffirm that they are still broke, and one of their CEO is calling it quit. I guess there is no reason to hang around when they already spent the 650 BTC. And since their BS has been exposed and no one is using the exchange, there is no need for him to stick around.

At least am glad the exchange is currently down. Cos as long as its offline, there is no risking of an investor sending a large sum to the exchange and possibly losing it

  XULT IS LIVE.

what could you spend so much money? I would very much like this amount to be spent on the development and improvement of the project system. but I only hope for that. I do not know, how it really is. Is the team doing wrong and the project will disappear?

I believe as the Founder Wiktor has said that he's in it to win it!                                                                                                         (paraphrasing) 


The development of a website with all the different parts is neither easy nor cheap.
i know that the minimum that some development teams are selling the BASIC exchange package , and that is a quarter million dollars!!!and this doesn't come with anything extra. :( only the bare minimum..

Yep... Bitcoin crashed.. No thanks to MTGoxTrustee who dumped hundreds of millions of dollars worth of Bitcoin.., this became a burden for several projects, even Ethereum Mist project had to disabandon apologetically recently.   
                                                                     Sh!t happens   .   
                                               I wish I could see the future!!! And never miscue !

Besides, Cryptospace is still going through growing pains - XULT will be there , waiting ,for the eventual turn of the tide!

I believe the investors that funded the exchange are due the ability to verify how there money was spent. Over 650 BTC and the platform is already broke this early in the roadmap. There are multiple grassroots exchanges that were self funded that are functioning quite efficiently and you coming up with excuses that don't even apply to the topic at hand. I just asked him for info on what jurisdiction the 120 BTC in tax were apparently paid so my attorney can get it verified and he replied that he didn't feel comfortable giving out that info but he has no issue with putting it in a blog post that he paid 120 BTC in tax. Again, accountability is key when trying to run an exchange cos ppl have to entrust them with their funds. By verifying the integrity of this outlandish claim, is how you prevent a coinsmarket, octaex, from occurring. So good luck convincing anyone to use that sham till they have proven that they didn't mismanage the funds they were already given.

Do not dare to mine this SCAM can not be sold anywhere

Deposits and withdrawals on coinexchange.io are functional.
You can sell there.

Do not enter coins on this TopBTC exchange