How very unprofessional of you to bring private business matters and complaints into a public forum. This is something that could have and should have been handled privately.
I think a few people are a bit confused on the order of events. My reply was in response to a public comment from the Incent team. More importantly though, they did send us the remaining balance of the tokes from asset creation, so re-recreating the asset will not be necessary. We're simply ceasing the relationship with their ICO management portal. This just means that we'll internally manage the remaining distributions. We have the user data required to do so, so it's just a matter of communicating with those individuals. If you're looking for information about the status of your account formerly on the portal, please reach out to us directly at support@tokesplatform.org or in slack. |
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And a repost from Incent thread for the sake of completeness. I think this is a very reasonable response given the agreement that existed.
Perhaps reasonable, but also inaccurate. However, since Rob has extended a resolution to the issue, I'd prefer to accept that offering and continue dedicating our efforts to the project initiatives. |
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Repost from my Incent thread reply: ======================= Hello everyone, It saddens me that I'm here posting this reply. For those of you who don't know me, I'm Michael Wagner, founder of the Tokes Platform. I would have preferred for Rob and I to navigate this conversation privately, but as the Incent team has announced a 'discontinuation of support' for our ICO distribution, I'm compelled to provide a response. For some background, the terms of our MOA included a 5BTC deposit up front, 5BTC closing payment, and 2% of total funds raised as a share of revenue. In return, we were to receive a functional investment management backend portal along with a component of technical support for our users. We made payments on the initial deposit, as well as an interim payment based on funds raised (~1.8BTC). If you were a participant in our ICO, you can attest to the fact that the execution of distribution of tokes proceeds left a lot to be desired, and in fact was never officially completed. Our ICO closed on January 15th, and our investors are still waiting on distributions to be processed by their team. For additional context, this is the email message I sent to Rob and Peter following our call earlier in the evening. Please note that this went out at 8:05PM PST, and the 'discontinuation of support' post was released in the early hours of the morning, without having any additional communication with me. From: Michael Wagner [mailto:michael@tokesplatform.org] Sent: Monday, March 6, 2017 8:05 PM To: 'Rob Wilson' < rob@bitscan.co> Cc: 'Peter Godbolt' < peter@incentloyalty.com>; gabriel@tokesplatform.org; jon@tokesplatform.org; 'Minh Tran' < minh@tokesplatform.org> Subject: RE: bounties etc. Rob, Following up from our call, a few of the areas we see as being inadequate performance, in no particular order: • Email support system never worked (i.e. password resets and other contact requests) • Referral system and bonuses were non-functional • Numerous API outages and incorrect reporting for both Waves and BTC • Site outages on several occasions, notably on the day of our promotional sale • Incorrect time periods being reported for phases of ICO – countdown timer hitting zero then counting upwards • Incorrect reporting amount for distribution, causing numerous man-hours spent manually calculating accurate amounts to demonstrate to participants • Long delay between time in which we approved initial token release and actual distribution (somewhere around 2 weeks) • Long delay on distribution of approved bounty spreadsheet • Incomplete backend reporting functionality (fields missing data) • Communication dropping off for 1-2 weeks at a time, despite emails, at the most critical time of our ICO distribution • Incent bonuses did not go out The rest of my team might have additional items to add… As I said on the phone, I’d really like for us to come to some terms amiably. I do think there is some opportunity for us to generate value for and with each other in the future. I can be flexible with some form of payment via tokes. I hope you’ll take these items under consideration, along with the revenue you generated relative to both service provided and total funds raised by the ICO. I’ll be available for a follow-up call after you’ve thought this over. Best, Michael Wagner Founder Tokes Platform / Cannabis Revolution While I made an appeal to them regarding the payment amount to them proportional to funds raised, this is not about us 'not raising enough money'. This is about inadequate execution of their side of the agreement. An earlier attempt to communicate with Incent at the beginning of February: From: Michael Wagner [mailto:michael@tokesplatform.org] Sent: Monday, February 6, 2017 12:23 PM To: 'Peter Godbolt' < peter@bitscan.co>; 'Rob Wilson' < rob@bitscan.co> Cc: gabriel@tokesplatform.org; jon@tokesplatform.orgSubject: ICO and Bounty Distributions Gentleman, Hope all finds you well following the weekend. As we near completion on the Tokes ICO, I just wanted to follow up on a few final details… 1. Jon has completed the reconciliation for bounty distributions and prepared a spreadsheet with waves wallet addresses and their respective payouts, which I’ve attached. Please let me know if you still plan on adding these payouts to the remaining distributions or if we should process manually. 2. Remaining investor distributions…not surprisingly, a few members of the community are getting a bit restless about receiving their tokes. I understand that you’re being methodical with the distro, but just wanted to get an idea of when all members with withdrawal addresses will receive their full payouts? 3. Tokes Reserve Address: given that the majority of ICO payments have gone out, you should be able to process the tokes reserve distribution. You can retain some units as necessary to ensure complete distro, but ~95% of the reserve can be sent to: 3P5WW7ebPaZF5NXDm1ZZYmrbgFm784tsRPw 4. Per my communications with Fran, we’ve released escrow including the 2% payment due to Incent. I can pull transaction details if needed, but you should have received that payment late last week. 5. Incent bonus: several members have inquired about the 1% incent bonus to be paid to ICO investors. I assume those will be going out along with the final tokes distributions, or should we be preparing for a different scenario? 6. Customer testament: I’m sure you’re eager to further promote the ICO technology. Per our earlier conversation, I’m happy to write up a customer statement for you, pending completion on the remaining items above. I think that just about covers everything from our end. Looking forward to getting everything wrapped up from an ICO perspective, and potentially continuing the conversation regarding POS development. I’ve loosely discussed this with Peter, but we might have an opportunity to jointly develop a mobile app and point-of-sale system, as our projects have some overlapping interest in that technology. In any case, look forward to hearing back. Best, Michael In essence, we paid for a product we thought was robust and complete from individuals we felt were professional. What we received was complete garbage. It would be irresponsible from both a company perspective, and in considering the impact on our investors, for me to relegate additional funds from our operating capital to pay a non-performing contract. I would caution anyone considering the use of Incent ICO technology to strongly reconsider the other options currently available in the ecosystem. If the Tokes team did anything wrong, it was engaging with Incent on this feature. Given the fact that we are terminating our relationship with Incent, I don't feel that the Incent ANN thread is the most appropriate channel to continue this conversation. If you were a Tokes investor, or have interest in our project, I encourage you to join us in slack (you can register at: https://tokes-slack.herokuapp.com/ and join us at http://tokesplatform.slack.com). For those who invested in Tokes Platform, know that we will be making you whole through the issuance of a new asset on Waves, with the name Tokes, but under a new asset ID. Any exchange listings will be based on that new asset ID. The members in our slack channel have requested that the initial 1% Incent bonus that was offered be replaced with a 1% Tokes bonus, which we will honor. Feel free to reach me direct at michael@tokesplatform.org. Bear in mind that we might be inundated with emails initially, so please bear with me on response time. I'll begin processing the replacement asset today. |
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Hello everyone, It saddens me that I'm here posting this reply. For those of you who don't know me, I'm Michael Wagner, founder of the Tokes Platform. I would have preferred for Rob and I to navigate this conversation privately, but as the Incent team has announced a 'discontinuation of support' for our ICO distribution, I'm compelled to provide a response. For some background, the terms of our MOA included a 5BTC deposit up front, 5BTC closing payment, and 2% of total funds raised as a share of revenue. In return, we were to receive a functional investment management backend portal along with a component of technical support for our users. We made payments on the initial deposit, as well as an interim payment based on funds raised (~1.8BTC). If you were a participant in our ICO, you can attest to the fact that the execution of distribution of tokes proceeds left a lot to be desired, and in fact was never officially completed. Our ICO closed on January 15th, and our investors are still waiting on distributions to be processed by their team. For additional context, this is the email message I sent to Rob and Peter following our call earlier in the evening. Please note that this went out at 8:05PM PST, and the 'discontinuation of support' post was released in the early hours of the morning, without having any additional communication with me. From: Michael Wagner [mailto:michael@tokesplatform.org] Sent: Monday, March 6, 2017 8:05 PM To: 'Rob Wilson' < rob@bitscan.co> Cc: 'Peter Godbolt' < peter@incentloyalty.com>; gabriel@tokesplatform.org; jon@tokesplatform.org; 'Minh Tran' < minh@tokesplatform.org> Subject: RE: bounties etc. Rob, Following up from our call, a few of the areas we see as being inadequate performance, in no particular order: • Email support system never worked (i.e. password resets and other contact requests) • Referral system and bonuses were non-functional • Numerous API outages and incorrect reporting for both Waves and BTC • Site outages on several occasions, notably on the day of our promotional sale • Incorrect time periods being reported for phases of ICO – countdown timer hitting zero then counting upwards • Incorrect reporting amount for distribution, causing numerous man-hours spent manually calculating accurate amounts to demonstrate to participants • Long delay between time in which we approved initial token release and actual distribution (somewhere around 2 weeks) • Long delay on distribution of approved bounty spreadsheet • Incomplete backend reporting functionality (fields missing data) • Communication dropping off for 1-2 weeks at a time, despite emails, at the most critical time of our ICO distribution • Incent bonuses did not go out The rest of my team might have additional items to add… As I said on the phone, I’d really like for us to come to some terms amiably. I do think there is some opportunity for us to generate value for and with each other in the future. I can be flexible with some form of payment via tokes. I hope you’ll take these items under consideration, along with the revenue you generated relative to both service provided and total funds raised by the ICO. I’ll be available for a follow-up call after you’ve thought this over. Best, Michael Wagner Founder Tokes Platform / Cannabis Revolution While I made an appeal to them regarding the payment amount to them proportional to funds raised, this is not about us 'not raising enough money'. This is about inadequate execution of their side of the agreement. An earlier attempt to communicate with Incent at the beginning of February: From: Michael Wagner [mailto:michael@tokesplatform.org] Sent: Monday, February 6, 2017 12:23 PM To: 'Peter Godbolt' < peter@bitscan.co>; 'Rob Wilson' < rob@bitscan.co> Cc: gabriel@tokesplatform.org; jon@tokesplatform.orgSubject: ICO and Bounty Distributions Gentleman, Hope all finds you well following the weekend. As we near completion on the Tokes ICO, I just wanted to follow up on a few final details… 1. Jon has completed the reconciliation for bounty distributions and prepared a spreadsheet with waves wallet addresses and their respective payouts, which I’ve attached. Please let me know if you still plan on adding these payouts to the remaining distributions or if we should process manually. 2. Remaining investor distributions…not surprisingly, a few members of the community are getting a bit restless about receiving their tokes. I understand that you’re being methodical with the distro, but just wanted to get an idea of when all members with withdrawal addresses will receive their full payouts? 3. Tokes Reserve Address: given that the majority of ICO payments have gone out, you should be able to process the tokes reserve distribution. You can retain some units as necessary to ensure complete distro, but ~95% of the reserve can be sent to: 3P5WW7ebPaZF5NXDm1ZZYmrbgFm784tsRPw 4. Per my communications with Fran, we’ve released escrow including the 2% payment due to Incent. I can pull transaction details if needed, but you should have received that payment late last week. 5. Incent bonus: several members have inquired about the 1% incent bonus to be paid to ICO investors. I assume those will be going out along with the final tokes distributions, or should we be preparing for a different scenario? 6. Customer testament: I’m sure you’re eager to further promote the ICO technology. Per our earlier conversation, I’m happy to write up a customer statement for you, pending completion on the remaining items above. I think that just about covers everything from our end. Looking forward to getting everything wrapped up from an ICO perspective, and potentially continuing the conversation regarding POS development. I’ve loosely discussed this with Peter, but we might have an opportunity to jointly develop a mobile app and point-of-sale system, as our projects have some overlapping interest in that technology. In any case, look forward to hearing back. Best, Michael In essence, we paid for a product we thought was robust and complete from individuals we felt were professional. What we received was complete garbage. It would be irresponsible from both a company perspective, and in considering the impact on our investors, for me to relegate additional funds from our operating capital to pay a non-performing contract. I would caution anyone considering the use of Incent ICO technology to strongly reconsider the other options currently available in the ecosystem. If the Tokes team did anything wrong, it was engaging with Incent on this feature. Given the fact that we are terminating our relationship with Incent, I don't feel that the Incent ANN thread is the most appropriate channel to continue this conversation. If you were a Tokes investor, or have interest in our project, I encourage you to join us in slack (you can register at: https://tokes-slack.herokuapp.com/ and join us at http://tokesplatform.slack.com). For those who invested in Tokes Platform, know that we will be making you whole through the issuance of a new asset on Waves, with the name Tokes, but under a new asset ID. Any exchange listings will be based on that new asset ID. The members in our slack channel have requested that the initial 1% Incent bonus that was offered be replaced with a 1% Tokes bonus, which we will honor. Feel free to reach me direct at michael@tokesplatform.org. Bear in mind that we might be inundated with emails initially, so please bear with me on response time. I'll begin processing the replacement asset today. |
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Just putting this immediate response out, copy-and-paste from our slack. I'll be providing a more detailed response shortly. The bottom line is that we have all investor transaction information, and we'll be exchanging the initial tokes asset with a new one of the same name, on waves. mwagner_tokes [10:30 AM]
I'll be making some public statements soon. The essence is that we had a phone call yesterday to discuss wrapping up the remaining distributions, along with the balance of the reserve account. In addition to an initial 5btc payment to them, and a 3 btc escrow payment, we had initially discussed a 5btc closing payment. However, given their negligence in execution on our token sale, I sought to negotiate different terms on that final payment
[10:31]
If you invested with us, you're quite familiar with some of the inadequacies of their ICO portal and the execution of the distribution
[10:32]
We will be recreating the asset on waves, with the same name, but under a new asset ID. Waves was designed to do this natively, and in fact it is possible to create duplicates of any asset on the chain.
[10:33]
We have the database of investor transactions, so we'll be re-issuing the new asset to our investors as an immediate priority
[10:33]
Any and all future exchange listings will be based on the new asset ID
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i didnt participated in ico or bounty campaign, but still watching about this project, wanna hear some good big news and ofc waiting for some exchange to buy some tokes. ico price was 15k satoshi guys, right?
There was different phases during the ICO round but it was closed on 33k satoshi as I remembered. Final ICO price is nearly 15k sat. Your memory may be down for a while. He's actually correct that the final phase of the ICO was 33.333k satoshi. However, because pricing varied depending on the stage people invested, the average ICO price is somewhere in the range of 15-20k satoshi. |
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"Just a note for all of the bounty hunters - we decided to double the total reward amount to help keep the distribution amounts as reasonable compensation for your efforts. You'll note from our post on the Terms of the bounties, we were going to pay out 1% of the total fundraise in tokes to bounty members. However, given that the fundraise amount was lower than anticipated, we increased that amount."
What about bonus ?
What about exchange? Do you will use same like Incent :Cryptopia, Liqui, OpenLedger, Tidex?
As far as I know the number of TOKES you received is inclusive of all the bonus. I think TIDEX will be the first exchange to add TOKES Correct, all bonuses would have been paid out at the time of bounty distribution. We just had an extremely fruitful conversation with Bill from Bittrex while he was in Vegas yesterday. Need to work through some of the specifics of trading WAVES assets, but I'm very optimistic about a listing there. Tidex is very much on the table as well. |
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Bounty distributions have now gone out. You'll want to check the 'Portfolio' tab of the Waves Lite wallet, where you'll see 'tokes' listed as an asset. Incent bonuses for ICO contributors will be coming out soon.
How big were the bounties? Someone told he / she managed to receive up to 30 btc in one transaction which made me wondering where that charity thing was coming from. Who was funding fairly huge giveaways and how deep were their pockets? I think there was some miscommunication between you and him/her. We distributed a total of ~14,000 tokes in bounties between all participants, most of which were in the range of 30-150 tokes per person. |
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i've receive total 100 TOKES on my waves wallet, thanks dev
any information about exchange?
Thanks for your support matsud2! You can check out the latest project info on our blog/news, or sign up for the newsletter at http://tokesplatform.org. We give some details on exchanges in that news release. So, when the Tokes application will be released / share to public? I am very curious about this project  We're targeting a 6 month development period, which began near the beginning of February. Making some great progress on the app so far. A lot more detail in the monthly newsletter I referenced above  |
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Bounty distributions have now gone out. You'll want to check the 'Portfolio' tab of the Waves Lite wallet, where you'll see 'tokes' listed as an asset. Incent bonuses for ICO contributors will be coming out soon.
100 tokes received. Does this includes everything from social media, signature and blog bounties? Yes, it should represent all bounties you were eligible for. You can direct any additional questions to Jon via bitcointalk or slack. Weren't they explicitly told that to everyone not to use the wallet from exchange because that will end up losing your Tokes? I hope you get your back. Yes, we made it abundantly clear through multiple posts not to use an exchange address. |
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What is the ICO price for 1 tokes?
Average price between all ICO participants is approximately 15000 satoshis. |
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For all bounty related questions, please reach out to Jon via BCT (TokesPlatform) or Slack (jtran_tokes). All payouts should have gone out, so he can help clarify which rewards represent the various categories (i.e. signature, blog, social media, etc.). Bounty distributions have now gone out. You'll want to check the 'Portfolio' tab of the Waves Lite wallet, where you'll see 'tokes' listed as an asset. Incent bonuses for ICO contributors will be coming out soon.
Ok so, bounties went out. How about Tokes from ICO. I still have not receive them yet. I invested in BTC and downloaded the Waves lite wallet and logged into the ICO site 2 weeks ago and entered the Waves address from the lite wallet. Still waiting for the Tokes from ICO. Tokes from the ICO have mostly been distributed. Double check the 'Portfolio' tab of your waves lite wallet, as tokes will be listed as an asset there. If you don't see the payout, please send me your wallet address so I can investigate. |
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Bounty distributions have now gone out. You'll want to check the 'Portfolio' tab of the Waves Lite wallet, where you'll see 'tokes' listed as an asset. Incent bonuses for ICO contributors will be coming out soon.
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I not really understand on which address will be bounty distributed?
On just waves lite wallet address or I need put/add that address on ICO page?
Can any one explane me? And how far is all stuff with distribution and exchange?
Now is so long time to realize ...Can anyone tell what is problem ?What restrains this project?
Thank you
As far as I know for the bounty you had to send your waves address (lite client) to the campaign manager (no bounty has been distributed yet). If you made a contribution with bitcoin, you would need to add a Waves Lite client distribution address. All contributions made with Waves will receive their tokes at the same wallet address they sent from. |
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Still waiting on tokes i purchased only recieved about half. Any updates on when the the remaining tokes will be distributed? Thanks
Please reach out to @peteratincent in our slack channel to discuss any discrepancies in distribution amount. |
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I think it was a waves distribution but it did not reach me.  Tokes will be listed under the 'Portfolio' section of your Waves Lite client, which is the second icon from the left under your address. I received an award purse but can not send it. Was sent as TOKES? I could not fully understand. How do i take it. I might need you to clarify here... You were sent tokes as part of your bounty or ICO contribution? You can transfer between waves wallets and users if you would like. |
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Extract from our slack discussion on this topic: This is actually a positive for us. Bear in mind, the primary opportunities of cash onramping and electronic transaction processing are semi-reliant on federal illegality. In any case, that article states that there MIGHT be additional pressure on recreational use, but almost strangely accommodates and approves its use medically. More importantly though, if you're invested in this space, you have to expect legislative changes in the pipeline. It's the very nature of a budding industry.
This was similar to the article about Washington state banning the use of bitcoin as a form of payment for that industry. @gbdesai recently linked a follow-up to that in which the senator dropped support for that bill. No point in getting worked up about what *could* happen until we see something final.
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Hey everyone - yesterday we sent out the first edition of our monthly newsletter, TheRev. We'll be adding the post to the 'news' section on our site, but you're also encouraged to sign up for email updates at http://tokesplatform.org. Cheers! |
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I just logged in to the ICO portal and added my Waves address to the ICO portal. I bought with BTC. I had to download and installed the Waves client software to get an address.
When will I receive my Tokes token??? Thanks.
Peter is still rolling out payments for late entries, so you're fine. He's sending payments every couple of days it appears. |
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nice to hear some news finally:)
good that you thinking about bittrex and have negotiations with poloniex too, i think its cool
and wanna ask question about bounty, when will be distribution and i for example didnt put my address in twitter bounty table, so when will be distribution you will contact me and others, or i should now write it to yoo?
We've already submitted our bounty spreadsheet with reward amounts and wallet addresses over to Incent, so you should have already submitted that information. However, you can still submit your wallet address to Jon at the TokesPlatform account and we'll get you taken care of. I do not believe Incent has processed our bounty payouts, so you haven't missed out on anything. how do i check again if my wave wallet is there?, because on the ICO page it doesnt appear, and on the bounties data tables i cant see anything other than the links. Please send your details over to TokesPlatform user on here, and Jon will confirm if you're on the bounty sheet. |
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