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EXSCUDO is one of the few projects that i have seen that complete with documents for legalities and we can not say that it is a SCAM, it's a successful ICO and watch it grows when it reach the trading market through the exchanges.
Might be a scam to US investors. Exscudo has kept their mouth shut on concerned US investors on what will happen to what they invested on Exscudo. I have yet to see any response on this thread, nor from email or from a support ticket. US investors beware Unfortunately it's too late for me, I'm not putting anymore in until I get clarification on this issue. |
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I participated in the crowdsale, I think the price within two weeks of it hitting exchanges it will be 1$ and within a month will be 5$. That's just my opinion.
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Not sure if anyone has seen this; but https://www.reddit.com/r/EXSCUDO/comments/6cawn3/warning_us_citizens_cant_redeem_their_eon_coins/Exscudo is focused on compliance in the EU; https://exscudo.com/Crowdsale%20Prospectus.pdf--U.S. citizen Laws (ii) Each person shall only participate in the Campaign (a “Purchaser”) through the personal web account, registered on the ("my.exscudo.com"). If a Purchaser is a citizen, tax resident or green card holder of the United States of America (“US Purchaser”), he/she shall not participate in the Campaign except through such ways as separately designated by the Exscudo OU for US Purchasers’ participation. --KYC laws (v) The Exscudo OU shall be entitled to take any action to identify any Purchaser at any time, even after the close of the Payment Window (as defined in Section 7 below). If the Exscudo OU conducts “know your customer” exercises or any other kind of customer due diligence to verify the identities of all or part of the Purchasers, the Purchasers concerned shall timely provide all such information and meet all such requests as may be sought or instructed by the Exscudo OU for that purpose. --AML laws (note that this includes tax evasion/not reporting btc income on taxes) If the Exscudo OU discovers the purchase of EON by any Purchaser violating any anti-money laundering, counter-terrorism financing or other regulatory requirements, such purchase shall be invalid with retroactive effect and the Exscudo OU shall be entitled to immediately deny the relevant person’s admissibility to the Campaign, reject delivery of any EON and request return of any delivered EON, irrespective of any payment that could have been made by that Purchaser --Is it open source? No, it's closed source. It has decentralized features but is centralized; with centralized governance and decision making. --More INFO (a) All the information submitted by him/her to the Exscudo OU is true, complete, valid and non-misleading; (b) He/she is not a citizen, tax resident or green card holder of the
United States of America unless he/she participates in the Campaign through ways as specifically designated by the Exscudo OU for US Purchasers’ participation; (c) He/she is of sufficient age to participate in the Campaign and is a natural person with full civil capacity of conduct under the laws of the jurisdiction where he/she is domiciled or maintains citizenship; (d) He/she is a seasoned investor, expert, technician and/or
professional in the fields of blockchain, distributed ledger technology and crypto-tokens, cryptocurrency and financial market and is fully aware of the risks associated with the development and use of the Exscudo Ecosystem; (e) His/her participation in the Campaign is voluntary and based on his/her own independent judgment without being coerced, solicited or misled by anyone else; (f) He/she is permitted by the laws of each jurisdiction to
participate in the Campaign and is legally permitted to acquire,
receive and hold crypto-tokens;Huh so does this mean US citizens can't even participate in the sig campaign either? I would assume this means US citizens can't even participate in the SIG campaign; it's VERY very deceptive of this campaign; they have reframed words by focusing on being compliant; following US and international laws on this, this raised a reg flag. They have not been clear about this upfront; the only way to find out US citizens can't participate isn't via their FAQs but by reading 1 document out of the several they have listed up there; they aren't clear about their KYC policies. They just say they reserve the right to do X when they decide. This means without asking them directly if they will require all people who participate in the campaign to redeem or take their EONs out to verify their identity; so your tokens may or may not be trapped on their exchange until it becomes available for US citizens; who can know without them clarifying. I can't get into the slack channel to ask directly. Just curious how many US citizens have already participated in this campaign without realizing they may not be able to redeem their tokens because they will have broken one of the rules by doing so. Exscudo has not made any attempt to target U.S. citizens to offer them a way to participate; this is for EU members only, I really hope people speak very loudly about this to get answers from the team for U.S. citizens who have already invested without reading that little piece of fine print... Wow, I didn't see this until after I bought in. So I'm a US citizen whose invested right, once everything launches my coins are probably going to be trapped in the exchange and I won't be able to get them out? Damn. It's sucks I agree. I really think more people need to be vocal about this since Excscudo has multiple documents and put that in fine print of one of them. They weren't clear about it on the "Buy now" page and aren't replying to their email or updating anything to make clearer on the front-page about this 'piece of fine print'. You can try to contact excscudo by their email to ask if you can get a refund or what to do; but my bet is that you'll just be trapped on their exchange, esp. since it's a closed-exchanged. I'm glad I know now I was willing to invest 2k - 6k but once I began doing some digging I realized EON isn't for me. More people need to know about this since I'm guessing not everyone on this board buying in is an E.U citizen....has to be a lot of U.S. citizens who are getting fucked royally right now. Yeah, I mean I wasn't going to invest that much, I've only put in 5 bucks and I was going to put in more until I heard about this. I sent them an email, I'll update if I get a response from them. I agree they could've been more vocal about this. Like when I was going to invest in Adel, you had to create an account to invest and they didn't have a United States option when picking the country that you live in. Which made me do a ctrl+f on Adel's whitepaper where I found that US citizens couldn't participate. Even if Exscudo had did something like that I would've been fine with it. |
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Not sure if anyone has seen this; but https://www.reddit.com/r/EXSCUDO/comments/6cawn3/warning_us_citizens_cant_redeem_their_eon_coins/Exscudo is focused on compliance in the EU; https://exscudo.com/Crowdsale%20Prospectus.pdf--U.S. citizen Laws (ii) Each person shall only participate in the Campaign (a “Purchaser”) through the personal web account, registered on the ("my.exscudo.com"). If a Purchaser is a citizen, tax resident or green card holder of the United States of America (“US Purchaser”), he/she shall not participate in the Campaign except through such ways as separately designated by the Exscudo OU for US Purchasers’ participation. --KYC laws (v) The Exscudo OU shall be entitled to take any action to identify any Purchaser at any time, even after the close of the Payment Window (as defined in Section 7 below). If the Exscudo OU conducts “know your customer” exercises or any other kind of customer due diligence to verify the identities of all or part of the Purchasers, the Purchasers concerned shall timely provide all such information and meet all such requests as may be sought or instructed by the Exscudo OU for that purpose. --AML laws (note that this includes tax evasion/not reporting btc income on taxes) If the Exscudo OU discovers the purchase of EON by any Purchaser violating any anti-money laundering, counter-terrorism financing or other regulatory requirements, such purchase shall be invalid with retroactive effect and the Exscudo OU shall be entitled to immediately deny the relevant person’s admissibility to the Campaign, reject delivery of any EON and request return of any delivered EON, irrespective of any payment that could have been made by that Purchaser --Is it open source? No, it's closed source. It has decentralized features but is centralized; with centralized governance and decision making. --More INFO (a) All the information submitted by him/her to the Exscudo OU is true, complete, valid and non-misleading; (b) He/she is not a citizen, tax resident or green card holder of the
United States of America unless he/she participates in the Campaign through ways as specifically designated by the Exscudo OU for US Purchasers’ participation; (c) He/she is of sufficient age to participate in the Campaign and is a natural person with full civil capacity of conduct under the laws of the jurisdiction where he/she is domiciled or maintains citizenship; (d) He/she is a seasoned investor, expert, technician and/or
professional in the fields of blockchain, distributed ledger technology and crypto-tokens, cryptocurrency and financial market and is fully aware of the risks associated with the development and use of the Exscudo Ecosystem; (e) His/her participation in the Campaign is voluntary and based on his/her own independent judgment without being coerced, solicited or misled by anyone else; (f) He/she is permitted by the laws of each jurisdiction to
participate in the Campaign and is legally permitted to acquire,
receive and hold crypto-tokens;Huh so does this mean US citizens can't even participate in the sig campaign either? I would assume this means US citizens can't even participate in the SIG campaign; it's VERY very deceptive of this campaign; they have reframed words by focusing on being compliant; following US and international laws on this, this raised a reg flag. They have not been clear about this upfront; the only way to find out US citizens can't participate isn't via their FAQs but by reading 1 document out of the several they have listed up there; they aren't clear about their KYC policies. They just say they reserve the right to do X when they decide. This means without asking them directly if they will require all people who participate in the campaign to redeem or take their EONs out to verify their identity; so your tokens may or may not be trapped on their exchange until it becomes available for US citizens; who can know without them clarifying. I can't get into the slack channel to ask directly. Just curious how many US citizens have already participated in this campaign without realizing they may not be able to redeem their tokens because they will have broken one of the rules by doing so. Exscudo has not made any attempt to target U.S. citizens to offer them a way to participate; this is for EU members only, I really hope people speak very loudly about this to get answers from the team for U.S. citizens who have already invested without reading that little piece of fine print... Wow, I didn't see this until after I bought in. So I'm a US citizen whose invested right, once everything launches my coins are probably going to be trapped in the exchange and I won't be able to get them out? Damn. |
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Great list. So based on your criteria have you selected any choices? Please share. Thanks.
I've only invested $5 each in Peerplays and Aragon currently. Based mostly on my belief in both of the concepts they're pushing. I'm still working on making a more or less a checklist form for myself using my criteria that I can use when evaluating ICOs before getting into bigger investments. Edit: But I do plan on looking at Exscudo, Mysterium, and Patientory using what I've learned and what people have added to in this thread. |
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this is a pretty nice approach you have taken and a nice topic, i am just going to share a little bit of my thoughts. Thanks, I've always been interested in the stock market since my early teens. Playing little stock market simulators and whatnot, crypto felt like a better route to go when I found out about it. Although there's more volatility, the barrier to entry is lower.
i am curious to know why you even chose ICOs. i mean if you are already interested in the markets like this and generally trading and have some experience then why not get directly into the action and start trading what already exists not something that promises to exist. i mean if you already have the experience in trading then do that, it will take a lot less time compared to investigating all these new projects that are offering ICO. I chose ICOs over trading cause when classes start back in the fall I'd have less time to trade vs. right now during the summer. And I could just let my investments ride through the year and not worry about them and then reassess at a later date. And the idea of being a part of the next big (or moderately big) thing in crypto was intriguing to me. But I do understand where you're coming from that if I already have experience in trading then to just do that. And I do think I'll have a go at it sometime to see how I can do. |
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Hi everyone, I'm pretty new to this new world of crypto. I dove in head first a few weeks ago, learning about cryptocurrencies and how they work, how the blockchain technology works, reading Nakamoto's Whitepaper. And being a computer science major its all really interesting to me. Deciding mining coins wasn't for me, I decided the best route for me would be to invest and make my money work for me since I'm single and in college and don't have anything to lose haha. After reading up on ICOs in the Announcements part of the altcoins subforum the main thing that I'm seeing when people ask for advice on whether to buy in on the coin or not is to "Do your research." Yesterday someone came into a Slack channel that I was in and was all, "This ICO starts in 5 minutes tell me why I should invest in this coin." And after people emploring him to read the Whitepaper, he says, "I don't have time to read, money is too valuable." Which made me chuckle. After doing some google-fu and youtube videos, this is what I was able to compile when doing research on what to look for before making a decision on investing in an ICO: Team - Open Identities with social media, videos explaining the ICO - Experience Whitepaper - Solution to existing problem presented in the details - No "water" sentences and is all essence - Economic sphere and market review with economic and market data - Includes code or technical details Business Idea - The idea can be implemented in reality - Detailed, well-thought out economic plan - Roadmap is adequate and logical - Do your own market research Competition - Existing players that don't use blockchain technology advantages - Competitors that are coming to market w/ blockchain tech - Ability to compete w/ a monopoly (e.g. Wikipedia) Working Prototype - Existing working prototype - Lots of finished work before IPO - Competitive product Token Characteristics - Supply characteristics - Are tokens being churned out after the IPO? Inflation? - Percentage distributed to investors vs. developers - 70% TO 80% is ideal - Does it have inner value? Better if token can be used inside of project. Look at - Idea Quality - Website Quality - Dev Team Quality - Direct social media to reach team members - What company is behind it - History - Team member experience - Company experience - Background - Solid roadmap - Make sure devs aren't previous scammers and the project is legit Red flags - Devs anonymous/unknown - No escrow wallet - Unrealistic/unclear goals - Lack of transparency, no work-in-progress - Don't release code snippets, demo/beta version of their product - No behind the scenes videos I would really appreciate anything you guys have to add and I look forward to learning from you guys during my time here.  This is really a good summary of the investigation and research one has to do in order to enlighten yourself before jumping in to investing into a coin. Although I think a lot of people speculate on the short term (intra day) and therefore don't do this at all. Thank you, I know that ICO flipping has become a thing as of late and day trading with altcoins is also a part of the culture here. But I don't plan on flipping I plan to HODL until the main features of their project come out in a year or whatever the time frame is. But if I see an opportunity to take a 10x return before then I'll take profits but not completely remove myself from the position in case things go even higher. |
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Nice list, even though realistically no ICO is going to give you all these positive features.
also another mandatory thign to check is escrow, without that i'm not considering any ico no matter the features presented
Right loreRex, and I don't expect them to. If they did I would be suspicious haha, but I'd be looking at the main things like Ayers said like escrow, their team, how strong their idea is, and avoiding the red flags that I have so far. |
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Wow - I'm impressed! It is a rare sight on bitcointalk to see someone put that much 'business sense' into making an investment in cryptocurrency. Well done.
Thanks, I've always been interested in the stock market since my early teens. Playing little stock market simulators and whatnot, crypto felt like a better route to go when I found out about it. Although there's more volatility, the barrier to entry is lower. |
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Hi everyone, I'm pretty new to this new world of crypto. I dove in head first a few weeks ago, learning about cryptocurrencies and how they work, how the blockchain technology works, reading Nakamoto's Whitepaper. And being a computer science major its all really interesting to me. Deciding mining coins wasn't for me, I decided the best route for me would be to invest and make my money work for me since I'm single and in college and don't have anything to lose haha. After reading up on ICOs in the Announcements part of the altcoins subforum the main thing that I'm seeing when people ask for advice on whether to buy in on the coin or not is to "Do your research." Yesterday someone came into a Slack channel that I was in and was all, "This ICO starts in 5 minutes tell me why I should invest in this coin." And after people emploring him to read the Whitepaper, he says, "I don't have time to read, money is too valuable." Which made me chuckle. After doing some google-fu and youtube videos, this is what I was able to compile when doing research on what to look for before making a decision on investing in an ICO: Team - Open Identities with social media, videos explaining the ICO - Experience Whitepaper - Solution to existing problem presented in the details - No "water" sentences and is all essence - Economic sphere and market review with economic and market data - Includes code or technical details Business Idea - The idea can be implemented in reality - Detailed, well-thought out economic plan - Roadmap is adequate and logical - Do your own market research Competition - Existing players that don't use blockchain technology advantages - Competitors that are coming to market w/ blockchain tech - Ability to compete w/ a monopoly (e.g. Wikipedia) Working Prototype - Existing working prototype - Lots of finished work before IPO - Competitive product Token Characteristics - Supply characteristics - Are tokens being churned out after the IPO? Inflation? - Percentage distributed to investors vs. developers - 70% TO 80% is ideal - Does it have inner value? Better if token can be used inside of project. Look at - Idea Quality - Website Quality - Dev Team Quality - Direct social media to reach team members - What company is behind it - History - Team member experience - Company experience - Background - Solid roadmap - Make sure devs aren't previous scammers and the project is legit Red flags - Devs anonymous/unknown - No escrow wallet - Unrealistic/unclear goals - Lack of transparency, no work-in-progress - Don't release code snippets, demo/beta version of their product - No behind the scenes videos I would really appreciate anything you guys have to add and I look forward to learning from you guys during my time here. |
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Aragon, Exscudo, Mysterium, and Patientory for me.
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