[More than 80 percent of initial coin offerings (ICOs) conducted in 2017 were identified as scams.]

This post is a bit longer so bear with me please… you won’t regret reading it whole. I promise.

Whole article is about two people (crypto enthusiasts) trying to create FIAT-CRYPTO Exchange and how it can go really bad when you are trying to do it DIFFERENT(ly).

More than 80 percent of initial coin offerings (ICOs) conducted in 2017 were identified as scams.
Source:
https://cointelegraph.com/news/new-study-says-80-percent-of-icos-conducted-in-2017-were-scams

It is more than we expected, but we had this information in mind since day one. Therefore we incorporated legit transparent company, developed MVP for our users to try and show that we are capable of creating such platform and established EV-SSL certificate on our website. On top of all we have uploaded complete documents of incorporation to our website.

70% of ICO Tokens Are Not Exchange Listed and Probably Never Will Be
Source:
https://news.bitcoin.com/why-70-of-ico-tokens-are-not-exchange-listed-and-probably-never-will-be/

There is simple answer for this. We are Exchange. Afraid of not listing our own native coin on our own Exchange? I can’t see any logic behind it. I would call native coins of any Exchange as a death-proof. All I was reading was “when lambo?”, “when binance?”,”when jail?”.

These are the facts. Some ICOs are riskier than others. It depends on what you are looking for and if you are doing your own research of just following hype.

PART 1:

My favorite quote that I have been following since 2012 in business in general: ”WORK HARD IN SILENCE, LET YOUR SUCCESS BE YOUR NOISE.”

Now I know that this quote is total bullshit. We have been working hard in silence on this project since 05/2017 to bring minimum viable product to our users. We wanted to be different than other ICOs that had eye-candy landing page, whitepaper and payment processor. I remember time when I was coming to the office on Monday morning and leaving on Friday evening. No bullshit. We still have foldable  beds in our office I can take a picture of them.

When you are working hard in silence you don’t have time to actively discuss topics on bitcointalk or reddit or any other forum to create HYPE. Hell you don’t have time for your own family. And you are creating new accounts when you finished the job. Like we did with our MVP. Here comes the problem. With brand new accounts, you’re done. You can’t add pictures to your post, then it looks like shit, you now, usual stuff, newbie, 1st post.

There are only 2 people in our CORE team, where each one of us does have strengths and weaknesses. I will be working 24/7, testing, calling, managing, negotiating, flying around the globe, whatever is needed but give me marketing to do, I’m lost. Similar with our CTO. He is able to code A.I. if you will ask politely, but if you need eyecandy graphic, no chance. Just kill him.

Yes there are only 2 people in Coinepic core team… like Steve Jobs and Steve Wozniak or Bill Gates and Paul Allen. It is possible even for one person like Jeff Bezos to create powerful product. Don’t tell us two people can’t achieve great things. They can!

We were spending a lot of money on things that you don’t see but we considered them as most important. Dual-CPU 40 core custom build redundant server with price nearly 20 000 euro each, a lot of money went to lawyers. Not to mention other hardware, office, etc. My first bet were 2 law firms in London. I don’t want to reveal their names because with lawyers you never know. I will just call one of them FuckingExpensive LTD and second one let’s just call SlightlyLessFuckingExpensive LTD. We left a fortune with them to make LEGAL structure of planned 20+ companies all around the globe. Why? We wanted to be sure that there is anything that can go wrong.

What went wrong was marketing. I didn’t see that coming...

PART 2:

Our initial idea back in 5/2017 was something like this. Finish MVP and promote it with Google and Facebook Ads. First there was Facebook ban, not big a deal we though, we still do have Google… not. Here comes the creative panic part of promotion. As new account on bitcointalk I was not able to create website with pictures, my [ANN] went directly to page 124329832 after like 5 minutes. Plan B try to get Facebook whitelist or Google whitelist. Not a chance even after a month of trying and negotiating. Double panic. Facebook posts. I will describe them later but first I have to mention these two recent tweets. Hilarious.

I have tweeted Elon Musk if he would like to Join our project. Any reply from him? Unfortunately no.
Link:
https://twitter.com/kuco_miroslav/status/1041009912233578496


And yes I have Tweeted Google and Facebook to go fuck themselves for banning all ADS. And you now what? Nothing happened at all. No reply, no re-tweet no hate...nothing. I haven’t ended up like Justine Sacco. It would be some progress at least.
Link:
https://twitter.com/kuco_miroslav/status/1041238599226859520

I will tell you why I did that and why I will gladly do it again. For the last 2 months I was trying to promote our Pre-ICO. For the last 2 weeks I was trying to promote on Facebook. I’ve started to adding myself to all different sorts of Bitcoin, Cryptocurrency, Investments and Venture groups. My Facebook profile is legit and registered somewhere around 2008. Like your normal personal profile you are using everyday. First side effect was, that suddenly my newsfeed was flooded with spam and scam. So many of it that I was no longer able to see posts from my friends.

You gotta do what you gotta do. Who will give better credibility to a project than CEO himself… but it had a downside. That thin line you are balancing on. If you will get BANNED you are done with both promotion and your legit profile. So you will end up being very careful. In other words achieving nothing at all. If you are scammer you don’t care about banning your 2 hour old profile. You will make another one and continue.

Let’s get to Facebook Groups promotion itself. I’ve created perfect post. Who we are, what we want to achieve and what our investors will get in return. Fingers crossed while posting aaaand… nothing. It immediately went 20 posts down under scam posts. Just to name a few hilarious:

-------------------------------
Want to invest $1? There's a legit site. Minimum investment is $1 and earn 130% after 24 hours
--
CONGRATS MR RICHARD ON YOUR SUCCESSFUL WITHDRAWALS. DON'T WASTE YOUR MONEY ON FAKE WEBSITES. HERE I'M MAKING 0.5BTC ($3,200) IN 24HRS WITHOUT SENDING MONEY OR BITCOIN TO ANYONE.....JUST TYPE INFO AND INBOX ME.
--
Claim 2000USD in Bitcoin every 22hrs,Type INFO and I'll send all the info
--
Congrats to the people who invested and gained from my program. I will be teaching 50 people only how to earn 6btc in 2days without sending money to anyone. Ask me how or inbox me
-------------------------------

Literally scam after scam after scam. So much scam that I wanted to puke. And people think that most of it is legit. But no, legit company is not allowed to promote on Google or Facebook. Take care of this scam first you scumbags.

As I was writing this post, my friend sent me this link:
https://fitvitalik.io/

Like fucking really? I don’t understand this world anymore. We’re running fully transparent Pre-ICO where you can’t create HYPE like this and you can’t fake volume for raised money to be honest to investors and this website will hit you with 33ETH raised? Maybe it was just a bad idea to run transparent Pre-ICO.

From time to time I am seeing post that “I have been scammed, please help!” We could use that money better on legit project. After everything that we have been through I would be surprised if one normal comment will appear. If you want to punish us for not having eyecandy design, that’s ok. If you want to punish us for not having full powered trading view with all features that’s ok. But remember that only two people are involved. We’re not gods or robots, just crypto enthusiasts with a vision to change things and something that we call minimum viable product. We are not able to open all those companies without your help. We have had Coinepic UK but had to suspend due to high running costs. I hope we will be re-opening.

LINK:
https://beta.companieshouse.gov.uk/company/10838303

I will be happy for any constructive reaction.

I rest my case.

Miroslav Kuco
CEO&Co-Founder
Coinepic Exchange
coinepic.com

mail: ceo@coinepic.com
phone: +421 917 857 992
telegram group: https://t.me/joinchat/I_r_1EiVHIFgt2NVuVWf4g

[18. July 2018 – 7. August 2018]

Official COINEPIC Exchange Bounty Program

BITCOINTALK GENERAL THREAD

We are allocating 5% (32,000,000 CEC) of all ERC223 (ERC20 compatible) tokens to be divided according to the stakes accumulated amongst participants.

This bounty campaign will last until the end of the ICO or until all coins are sold out

PRE-ICO DATE

18. July 2018  – 7. August 2018

1ETH = 4500 CEC

ICO DATES:

Phase ONE: 1. October 2018 – 8. October 2018

1 ETH = 2423 CEC

Phase TWO: 15. October 2018 – 22. October 2018

1 ETH = 1584 CEC

Phase THREE:  29. October 2018 – 5. November 2018

1 ETH = 824 CEC

TERMS & CONDITIONS OF BOUNTY PROGRAM

Bounty campaign allocation:

Video (10%)
Twitter (10%)
Facebook (5%)
LinkedIn (5%)
Reddit (10%) (PAUSED)
Article/Blog/News Release (45%)
Translation (5%)
GRAPHIC DESIGN BONUS CAMPAIGN (10%)

Telegram Coinepic General Chat: https://t.me/coinepic
Telegram Coinepic Bounty Chat: https://t.me/coinepic_bounty

The Bounty manager and the Team reserve the right to make changes to the conditions at any time (except distribution and anything that will result in loss of CEC for already completed bounties)

Billing addresses will NOT be changed after you sign up for the campaign. Take care of your safety

Any offensive or inappropriate behavior will lead to an immediate disqualification from the campaign

A mandatory rule when submitting reports is the requirement to write new reports every week.

You do not need to edit your old message. Stakes will not be accrued

In the main the telegram chat is forbidden to write about the bounty. Violation will entail ban and removal from the campaign

Using multi-accounts, cheating and spamming are not allowed. It will results getting all of your accounts permanently banned

We reserve the right to remove anyone of the participants from any campaign at any time if we think that they are not honest, or are spamming the forum and withhold token provision.

We reserve the right not to accept some forum members in the campaign even if they do fulfill the terms laid out without having to explain why.

We reserve the right to pause one or all campaigns, stop a specific campaign, or limit the number of participants in a campaign or exclude several member types.

We reserve the right to lower / increase / change the amount of token allocation at any given time.

By signing up for the bounty, you accept these terms

VIDEO CAMPAIGN

(10%) (3,200,000 CEC / 711ETH)

Please fill a submission for each video in the sign up form

Payment:
1. 50 - 200 views in the first 14 days – 10 Stakes
2. 201 - 500 views in the first 14 days – 20 Stakes
3. 501 - 1000 views in the first 14 days – 40 Stakes
4. 1001 - 2000 views in the first 14 days – 80 Stakes
5. 2001 - 5000 views in the first 14 days – 200 Stakes
6. 5001 + views in the first 14 days – 500 Stakes

Rules:
1. Describe Coinepic and its features
2. Upload them on YouTube and/or Facebook (any video platform)
3. Must have at least 10 subscribers
4. Duration should not be less than 2 minutes of actual content
5. Stakes will be allotted on the basis of the quality and audience of the video. The amount of stakes assigned is non negotiable.
6. Plagiarism or use of other's material will be considered as an invalid submission
7. Each submission has to have a clear identification or link to bitcointalk account in the description

How to join:
1. Join Coinepic General Telegram channel: https://t.me/coinepic
2. Join Coinepic Bounty channel: https://t.me/coinepic_bounty
3. To sign up follow this link: https://docs.google.com/forms/d/e/1FAIpQLScMqjGsZ1733-gWtZoUUTARzHp2-0xH8oObactrbXUAWoaW2w/viewform?usp=sf_link

TWITTER CAMPAIGN

(10%) (3,200,000 CEC / 711ETH)

Payment:
1. Have more than 300 followers: 10 stakes / weeks
2. Have more than 1001 followers: 30 stakes / weeks
3. Have more than 3001 followers: 50 stakes / weeks
4. Have more than 5001 followers: 70 stakes / weeks
5. Have more than 10,001 followers: 120 stakes / weeks
6. Have more than 50,001 followers: 200 stakes / weeks

Rules:
1: Twitter account must have over 300 Followers
2. Must follow, like and retweet Coinepic tweets daily at: https://twitter.com/Coinepiccom
3: Maximum 5 tweets/retweets per week

How to join:
1. Join Coinepic General Telegram channel: https://t.me/coinepic
2. Join Coinepic Bounty channel: https://t.me/coinepic_bounty
3. To sign up follow this link: https://docs.google.com/forms/d/e/1FAIpQLSf08gVSdxC-lqfCqXn3T9rn-Mh6m_vAdNsQ2ds5EzgksB0NfQ/viewform?usp=sf_link

FACEBOOK CAMPAIGN

(10%) (3,200,000 CEC / 711ETH)

Payment:
1. Have more than 150 friends: 10 stakes / weeks
2. Have more than 1001 friends: 30 stakes / weeks
3. Have more than 2501 friends: 50 stakes / weeks
4. Have more than 3501 friends: 70 stakes / weeks
5. Have more than 4501 friends: 120 stakes / weeks

Rules:
1. Facebook account must have over 150 friends
2. Must like, comment and repost Coinepic posts daily at: https://www.facebook.com/coinepic/
3: Maximum 5 likes/shares per week

How to join:
1. Join Coinepic General Telegram channel: https://t.me/coinepic
2. Join Coinepic Bounty channel: https://t.me/coinepic_bounty
3. To sign up follow the link: https://docs.google.com/forms/d/e/1FAIpQLSeTp5QLOs8oNuV4ZVbcNSQHyrVb0Rv3x07n4BCLypYleIIDJQ/viewform?usp=sf_link

LINKEDIN CAMPAIGN

(5%) (1,600,000 CEC / 355ETH)

Payment:
1. Have more than 50 connections: 15 stakes/weeks
2. Have more than 101 connections: 35 stakes/weeks
3. Have more than 251 connections: 55 stakes/weeks
4. Have more than 351 connections: 80 stakes/weeks
5. Have more than 451 connections: 150 stakes/weeks

Rules:
1. LinkedIn account must have over 50 connections
2. Must follow, comment and repost Coinepic posts daily at: https://www.linkedin.com/company/coinepic/
3: Maximum 5 likes/shares per week

How to join:
1. Join Coinepic General Telegram channel: https://t.me/coinepic
2. Join Coinepic Bounty channel: https://t.me/coinepic_bounty
3. To sign up follow the link: https://docs.google.com/forms/d/e/1FAIpQLScMCIzjSlkqVvfi6gHtn4F1X_ZuHvyTYt7PeZNzu2Hq701B9Q/viewform?usp=sf_link

REDDIT CAMPAIGN

(5%) (1,600,000 CEC / 355ETH)

PAUSED

ARTICLE/BLOG/NEWS RELEASE CAMPAIGN

(45%) (14,400,000 CEC / 3200 ETH)

Payment:
1. 100 stakes 1st submission
2. 50 stakes every other submission

Rules:
1. The Blogs and Sites accepted to obtain the rewards are: Medium, blogger, WordPress, personal websites, third-party websites and any website that is strictly related to cryptocurrencies.
2. The posts and articles published must contain a minimum of 500 words, Coinepic logo and be clear, concise and explanatory
3. Plagiarism, spam or copied publications, will be considered as invalid.
4. Content can be in native language of the creator


How to join:
1. Join Coinepic General Telegram channel: https://t.me/coinepic
2. Join Coinepic Bounty channel: https://t.me/coinepic_bounty
3. To sign up follow the link: https://docs.google.com/forms/d/e/1FAIpQLScSZtF0URqzFw6wAYi1gwOHtD0FNMQSEyQ6QG0lCKQHc96iXw/viewform?usp=sf_link

TRANSLATION/PROOF WRITING  CAMPAIGN

(5%) (1,600,000 CEC / 355ETH)

Payment:
1. Translate Whitepaper: 300 stakes
2. Translate and proof write articles: 300 stakes

Rules:
1. Translation has to be high quality. Not allowed to be done by using translating tools, google or other
2. Enter your translation results no later than 7 days after accepted

How to join:
1. Join Coinepic General Telegram channel: https://t.me/coinepic
2. Join Coinepic Bounty channel: https://t.me/coinepic_bounty
3. To sign up follow the link: https://docs.google.com/forms/d/e/1FAIpQLSfMlzLKmpyJXboO7PdQ1yxXU7TIz8HuIlHizAx3Lqx9n4o50A/viewform?usp=sf_link

Whitepaper in editable LibreOffice format (.odt) only (please do not ask for .doc or .docx): LINK COMING SOON

WANTED:

Japanese
Mandarin Chinese
Russian
German
Spanish
Arabic
Hindustani
Malay
French

JOB APPLICATION

This is huge project a we need to gear up in advance. If you want to help us ever further and if you have what it takes please fill this Job Application form. We might meet in person in very short time.

How to join:
1. Join Coinepic General Telegram channel: https://t.me/coinepic
2. To sign up follow the link: https://docs.google.com/forms/d/e/1FAIpQLSftJkhZ_HtjbKzQZJrjuQzq2Irqs8379p3hiNhh6oAeq9p5JA/viewform?usp=sf_link

GRAPHIC DESIGN BONUS CAMPAIGN

(10%) (3,200,000 CEC / 711ETH)

Payment:
1. Corporate Identity Cryptocurrency ICON Sets: 10 Stake per single design / Winning design 500 Stakes
2. Corporate Identity FIAT ICON Sets: 10 Stake per single design / Winning design 500 Stakes
3. Coinepic Coin (CEC) OFFICIAL Logo: 15 Stake per single design / Winning design 5000 Stakes
4. Coinepic Monogram: 15 Stake per single design / Winning design 1000 Stakes
5. Coinepic Infographic: 40 Stake per single design
5. Banners: 40 Stake per single design
6. Wallpapers: 60 Stake per single design

Rules:
1. After picking winning designs all future graphic will follow consistent identity.
2. Each graphic design may contain text
3. Design has to be high quality and preferably built from scratch.
4. New slightly modified or nearly identical design than previous won’t be considered as unique if from one user
5. Both CGI and real photos are applicable under condition that our logo will be present
6. Humor is allowed but please make it smart and elegant. Unleash your creativity

How to join:
1. Join Coinepic General Telegram channel: https://t.me/coinepic
2. Join Coinepic Bounty channel: https://t.me/coinepic_bounty
3. To sign up follow the link: https://docs.google.com/forms/d/e/1FAIpQLSfETX87aVHE9BbQuYELJQLkcKSQtWym5tGAD5SwoN8nRlpJHg/viewform?usp=sf_link

[Coinepic Exchange]

Coinepic Exchange

WEBSITE (MVP) || WHITEPAPER || PRE-ICO || FACEBOOK || TWITTER || TELEGRAM || TELEGRAM BOUNTY || BITCOINTALK BOUNTY THREAD

MVP:

Coinepic Exchange is MVP ready FIAT dealing cryptocurrency exchange platform focusing on running multiple companies under the same name, same standards, rules and fees all around the world sharing their local resources like bank accounts for deposits and withdrawals, clients, expenses and profits.

FEATURES:

Matching engine
Order Book type trading view
Simplified insta-exchange
FIAT deposit / withdrawal
CRYPTO deposit / withdrawal
CRYPTO / CRYPTO with NO KYC / AML trading
FIAT / CRYPTO with KYC / AML trading
2FA authentication

CRYPTOCURRENCY LISTED:

Bitcoin (BTC)
Litecoin (LTC)
Ethereum (ETH)

FIAT LISTED:

Euro (EUR)
United States Dollar (USD)
Swiss Franc (CHF)
Japanese Yen (JPY)
Russian Ruble (RUB)
Czech Koruna (CZK)
Pound Sterling (GBP)


COINEPIC COIN DETAILS:

Name: Coinepic Coin
Code: CEC
Blockchain Technology: Ethereum
Coin standard: ERC223
Total Supply: 640 000 000 CEC
Emission: Once
Pre-ICO Soft Cap: 545 ETH or equivalent of amount in all currencies together
Pre-ICO Hard Cap: 64 000 000 CEC (10%)
Pre-ICO Hard Cap Financial Model: All or nothing (full refund)
Pre-ICO Time Schedule: 17th July 2018 – 31st July 2018
Starting Price: 1ETH = 4500 CEC
Accept: ETH, BTC, LTC, FIAT(EUR Only)
Bonus on volume: YES
Distribution system: First come, first served

CEC creation date: 20th September 2018
CEC distribution date: 1st October 2018
ICO Time Schedule: Multiple Stages (detailed description in Whitepaper)
Exchange Listed: Coinepic
Coin Burn: YES, all unsold after ICO
Exchange Byuable from: 1st October 2018
Exchange Sellable from: 1st February 2019
Exchange Tradeable from: 1st February 2019

Usage: Fee reduction & many others (detailed description in Whitepaper)
Whitelist: Optional
KYC/AML Requirement: FIAT Only

TEAM
Miroslav Kuco SK
CEO & Co-Founder
https://www.facebook.com/miroslav.kuco
https://www.linkedin.com/in/miroslav-kuco/
miroslav.kuco@coinepic.com

Viliam Kacala SK
CTO & Co-Founder
https://www.facebook.com/viliam.kacala
https://www.linkedin.com/in/viliam-kacala-5b29a339/
viliam.kacala@coinepic.com

Andrej Dendys SK
CFO
https://www.facebook.com/andrej.dendys
andrej.dendys@coinepic.com

Lukas Barta CZ
CEO & Founder
https://www.facebook.com/lukas.barta
lukas.barta@coinepic.com

More to come


FAQ:
1. Miroslav, you're a newbie. I fart in your general direction.
Well this is not a question at all. For the past 6 months we have been working hard and simply there is not enough time for everything.

2. Where can I find company official info?
https://www.coinepic.com/documents/contact.html
http://www.orsr.sk/vypis.asp?ID=386164&SID=2&P=0&lan=en

3. But... there is so little eyecandy and graphics
It's just an MVP. We want to cooperate tightly with our users to bring V2 Design in very short time to be... perfect.

More FAQ to come

Bounty and Airdrops to come very soon. Please reserve translations and read proofing.