He didn't. He said it will be randomly stopped at a time after 23:59:59 UTC
If this is a scam coin then its amazing the amount of work he put into it lol

Very simple. Everybody just put their sell offers on Bittrex for 10x IPO price. That'll force people to buy high :-)

I am willing to buy out your Viacoin investment. Please PM me and we can make the arrangements with Drak.

In that case you don't seem to understand the potential this coin has.

About refunds: all sales are final. There are no refunds *UNLESS* you happen to send BTC after the close. The reason for this, explained in the terms is that some people are mining multipools to their payout address and it may payout after the sale closes.

In those cases only, you are entitled to a refund under the conditions set out (payments received for up to 3 days after the close), and claims made within 5 days from the close.

Example: sale closes Thursday 23:59:59, you send payments that arrive (blockchain timestamped) Friday 3pm. You are entitled to a refund.

Example: sale closes Thursday 23:59:59, you send payments that arrive (blockchain timestamped) Thursday 23:59:59 -  You are not entitled to a refund.

Guys please calm down.

1. Everyone is buying at the same price, so there is no such thing as bag holding.
2. More even distribution means less price manipulation by big holders.
3. Mining rewards kick in slowly so the main source of coin distribution and not miners.

I've been very clear about how this runs: there is a minimum safe period to buy - that means, the sale will remain open for 7 days as stated. After that, the sale can and will end abruptly.
I am sorry someone chose to make such a large purchase, but if they had chosen to be discrete and spread it over a few addresses no-one would know.

The enthusiasm for Viacoin should be a source of joy. That it will be difficult for people to manipulate is a good thing. From what I can see, it's not often a decent coin comes along with a vision. But money and time don't grow on trees. There is no way to develop a coin well without financial incentives.

I did not create Viacoin for a quick bit of trading. I had a problem I wanted to solve, saw a niche, waited months to see how things would progress in the crypto-sphere, and eventually took steps to make this happen.

I had no idea this would become a big thing like this so quickly. I am under a lot of pressure as it is to ensure things go smoothly, so take that into consideration.

all sales are final

two question:
1. what does the safe period mean, why do you make a safe period?
2. when will the pre-sale end? anytime from now means you can end it next year.

not to those of us that read the entire message, and not just the words "last chance"

"Last Chance" was misleading

yeah that is kind of disappointing, what percentage of the total IPO amount is that?

Once the full node wallets are released. It will be announced on twitter.com/viacoin first

screw ipo. The truth is: when dev cries for money from minute 1 he is likely to wrong guy.
You need people with the right spirit. They are very few. Maybe 1% or 2% of devs.
If the dev delivers something of value he'll be making money from the coins he mined, bought and gets donated.
There is no need for an ipo ever.

PRESS RELEASE

Helsinki July 11th 2014

Finland launches bitcoins-by-air pilot project

Finnish quasi-national cryptocurrency FIMKrypto has struck a partnership deal with Koodilehto, a Finnish software company, in order to launch world’s first development project that aims to broadcast cryptocurrency transactions through national TV broadcast network in real time.

The technology, coined Kryptoradio, enables merchants and consumers to receive real time P2P network transaction data with any standard Digital TV device and custom software without the requirement of Internet or mobile network connection.

The broadcast transaction data consists of Bitcoin and FIMKrypto transactions, which are encoded and forwarded to the network of Digita, the Finnish national terrestrial TV operator. The broadcast covers 95% of the Finnish territory of approx. 5 million people. The technology, once completed, will be portable to other countries worldwide.

The pilot broadcast project starting from September 1 lasts two months, after which commercial production phase is planned to begin later this year.

FIMKrypto (FIMK) is a cryptocurrency launched in early July by non-profit association Krypto FIN ry. Prior to FIMK’s launch the association received 533 Bitcoins (approx. 250 000 EUR) in donations from domestic and international donators. The association coordinates the FIMKrypto project and organizes a national basic income plan paid in the cryptocurrency.