stop lying guys....
don't get fool-ed by the dev and crpyto Kong

it a trick .. the volume of mercatox went up again.. more coin are transfered .. ready to dump

This Dev is Honest and is totally shocked by what has happened and I would not be here to face the music if this were not the case.
And I am sure many of you are feeling shocked, angry, ripped off and dismayed along with a few other explicatives about what has happened, all I can say is that multiply it by 20 and I feel the same.  I was blind-sided by this and saw it coming as much as you did. There was no need for it to happen at all but how and when and the way it happened still has me personally in shock.  There has still been no communication so one can only assume the worst.  

My initial response was truthful when I said we are moving funds around as I had asked him to send me both some premine and BTC for the site going live, so when someone mentioned pre-mined movement I assumed that was what he was doing, then after the 2nd movement and the price tanking it became clear he was not shifting funds around he was dumping.   By the time he was finished it was too late that is why I tweeted do not buy any on exchanges.  

If he was hacked and said so then I could secure the remaining pre-mine and the personal and the coin could survive this but with 2.2M of coins out there potentially to be dumped at anytime then the coin can never recover as a lending platform in it's current state.  

Credence Coin was a great project, at completion and about to move to the next level and the business model was strong and sustainable and would have seen all investors profit.   The fact that this was done, not only to run off with a lot of the ICO money but by using the pre-mine it was done in a way that would see the coin itself destroyed really rubs salt into the wounds.  

He could have just waited 2 or 3 weeks and probably sold less of his personal and made the same if not more money but instead he decided to destroy the coin and run off and remove all contact.   Had he said he wants no further part in it and sold his personal over a 3 or 4-week period Credence still could have survived that but instead it was done how it was done.   As I said in a recent post, what he did he could have done in a slow and methodical way to dump his coins and make more money before taking off, but the fact that the premine was used and it was done in an obvious and aggressive manner shows he wanted to kill the coin, I still do not understand why and probably will never know.  

What makes it worse is people trusted Credence and the coin and its community would have seen it grow and grow and the Dev that has run off had he not done so probably would have been a multi-millionaire within weeks or months with Credence coin so again, I am dumbfounded as to why he would do this.  You think you know someone but this just proves you cannot trust anyone in crypto.  There is the still the slight chance he was hacked but even if that was the case I would have heard something from him by now and not been blocked.

I can only again offer sincere apologies to all affected, even though none of this was my doing and I did not see it coming I really am sorry for those who lost money.  

I know that talk is cheap but that is all I can do is apologize.  

So that leaves 2 options, I can either A.   Have a new coin made on a new blockchain and have the platform run with the new coin and do a swap for swap for current holders.  or B.  Refund every ICO investor a portion of their money, I will refund every single dollar that I have left from the ICO in a ratio to amount invested.   Unfortunately, I was also the one paying for all of the expenses for listings and the custom coding of the site and every other expense to do with the Coin and there is also the issue of those who dumped their ICO coins once the coins tripled in price on the markets. So some people will be paid for nothing but if their wallet balance is shows the coins were sold then no refund.  And the other dev had half of the funds so again it makes no sense why he would kill the coin when if he wanted to do a runner he could have just cut contact and walked away wealthy.  

Should option A be viable , I know that Crypto kong is part of one main group of investors and also is part of the Telegram which I am not.  If there was to be a new coin created I would do so under the proviso that the whole premine, website and coin is owned by that group of investors, not myself and I will send them the remainder of funds I have from the ICO for interest payments to holders.  I want nothing more to do with this other than to leave with my dignity and for all investors and supporters of Credence to know that at no time did I see this coming or plan for it to happen, you only get one shot at getting rich and that was mine and it is over, I accept that but it still leaves a bad taste in my mouth when I know what could have been.  

The platform is built and ready to go, and any coin can be attached to it, it is jut a matter of changing the coin and Daemon over.


So while I do not want to get into a lengthy discussion about how it will play out, because frankly I am ashamed to be even posting in this thread now.  I will contact Kong and see if his investment pals are interested and if it is to be the case then he can announce it to you guys.  Should they not be interested, I will post here one more time with details about how to obtain a partial refund for ICO investors.

Once again I am very sorry this happened and either way, I want you to know that I personally will not be left with $1 after this because I will either be refunding all of the remaining funds from my side or redistributing everything to a new project of which I will have no part of and have evidence of transfer if that is what will help the coin holders now more so than a partial refund to ICO investors.    

Just Christmas sale going on!

There is one thing that does not make sense at all.
Why the 2 stollen millions are not dumped?
Why on earth someone that just stole the coins, is keeping them?
Normally , if you steal, and you know that the project will die, you  just dump them.
Why on earth someone that stolle 2 millions , just dump only 200k and keep the rest? He is keeping 1.8 millions worthless coins, right?
Now this may be the most idiot thieve in history, or i am missing something?
try follow the blockexplorer of the second largest account, the one with 1846772.78546154 credence

Does not make sense at all. He is still keeping the fakin coins. WHY?

take a look, and someone please explain me


http://blockexp.com:3004/richlist

the "thieve" adress

http://blockexp.com:3004/address/CS6HZGBtNZAYarRjZhDZEkkBFUaqrHFw2y

WHat is this idot doing? is he dividing his coins in different adress?  , But why he is not selling them?
Any idea guys?

to many newbies and uneducated crypto people in here, there is no coming back from an executed exit scam, you can believe what your brain wants to believe but you need to think reality...

I could not agree more...

And another dump to 0!

Dev Message

1.  What has happened is one of the devs who has control of part of the pre-mine has either been hacked or is selling.
2.  We are unable to contact but have left several messages.
3.  The site is completed and was due to release early in the next few hours we have put a hold on that given what has taken place.
4.  This is NOT a planned exit or scam, we stood to make a whole lot more money by running the site and having the coin grow naturally it was trading strongly at $4 before this happened and probably would have hit $8-10 when we went live, so if we are doing a planned exit scam it is the most pathetic one in history.  Nor would we be bothering to try and explain what has happened.
5.  Our only hope is 2 of 2 things.  1.  The Dev has been hacked and we can recover the majority of coins or 2.  We can contact him and have him send the remainder of the pre-mine and personal and still run the site without a massive amount of unaccounted for CRDNC on the market.  Should either of these things happen we would be in good shape but I do not hold out much hope at this stage.
6.  Want to apologize to all investors and believers in this project, this was NEVER MEANT TO HAPPEN and after spending weeks and weeks getting the site ready to have this happen is so wrong it is unfathomable.
7.  Can only offer sincere apologies and understand your anger and frustration and if there is anyway we can salvage the remaining majority of coins we will get the project running. 

So in summary, the following could potentially happen -

A.  The Dev with coins was hacked and if that is the case, we will recover all remaining coins and secure them in a public wallet or just burn them.
B.  We can still operate the site but with the knowledge that there are around 2.2M of coins not accounted for. 
C.  Wait to hear what happened if the other Dev replies and what the status is of the coins. 

It makes zero sense to just dump some pre-mine just before site launch and potential price gains so like you, are at a total loss as to why and how this has happened, once again apologies and if there is anything positive news wise you will be the first to know.  This is not and was never intended to be an exit scam, if it was it is the worst performed one in history.  Some of us had family and friends and even workmates invested in this project, not to mention the honest general public and words cannot describe the humiliation and embarrassment and regret felt right now. 

If there is anything to update that is positive will do so ASAP. 

Dev Update.

The following is now completed
1. User registration and login
2. User security settings
3. User referral links
4. User Bitcoin and Credence Coin receive addresses
5. send and receive Bitcoin and Credence coin
6. Lending processes
7. Interest credit processes
8. Referral amount credits
9. Reinvest feature
10. Support ticket and escalation system
11. Email notifications to the users for various pre determined actions.
12. All CMS pages integration.
13. Majority of Admin Panel controls
14.  Created test accounts and sign ups
15. Network and transaction fee management

The majority of work left to do is on the back-end but as you can see from above most features are now functional, we are still working on the Exchange and that should be completed within 24 hours.

Our target for completion is still the 29th followed by Pentesting and more functionality testing.  We will update about that on the 29th or 30th.

Below are some screens

Top of Dashboard
 

Middle of Dashboard


Lending pop-up 1


Lending pop-up 2


We appreciate your patience and a reminder we are still on track for our road map.  We also know the price has fluctuated a lot the last couple of days but still it seems to be holding well.

Work is continuing on the site and it should not be too much longer until we are live and it is good to see that none of the big holders are selling.

The site will move from the test server to main server tomorrow for load testing as well as completion of some of the back end.  

We will update on the 29th or 30th on the status and where we are up to.

Thank You
Credence Coin.    

Hi All quick update for you.

1.  Work is progressing on the site, we have a tentative date for total site completion of the 29th of November 2017.

2.  If we reach this date we have set ourselves (No promises there could be unforeseen delays but at this stage that is our target date) then we will spend the subsequent 7 days testing the site for lending, referrals, exchange functionality, deposits, withdrawals, support ticket system, daily interest payments etc.   

3.  We will also conduct internal and have an external Pentest before going live.

4.  We will be load testing for 50 thousand users, although we do not expect that many we may look at upgrading to 100 thousand users load testing just to be on the safe side.

6.  Once those tests have been completed we will be looking at putting the site live in week 2 of December.  (Again this all depends on testing, if we are not satisfied it is all working well then we will delay the release but hopefully this will not happen, either way we will keep you informed).

7.  Exchanges.      We still have had no official word back from coinexchange.io but we have noted others have posted screens of us listing on December 1 and if that is to be the case then it is good news, like everyone we will have to wait and see.  We ask you to keep putting requests into Yobit if you have the time please and hopefully they will eventually list us there. 

We want to thank all who have supported Credence Coin from the outset as well as all new investors!   

Finally we want to thank Youtuber "Bitcoingoldsilver" for this recent great review about Credence Coin. /2AGFUlX]http://[Suspicious link removed]/2AGFUlX We have never contacted him, and he has never contacted us (that we know of, if so it was as a coin holder with a query not as a you-tuber), so this is in no way a paid for review nor is he a shill or in anyway being rewarded by us or any of our associates for this video he made (apart from this mention here) we just wanted to make that clear.   

Of course some will say otherwise and that we paid him but that is to be expected.   Fudders got-to fud.   

We appreciate the effort he put in and how he summed up our product.  So if we can throw him a few subscribers in return we are happy to do so, so if you happen to read this Bticoingoldsilver thanks very much and also thank you to all other Youtubers who have reviewed Credence Coin and given their honest opinions be they good, bad or indifferent.
Some channels that come to mind are -
CryptoKong
Cryptospaceman
Cryptoflower
Victor C
and CryptoMena, among a few others who have supported us from the early stages and we appreciate that very much, so thanks guys! (If we left anyone out, apologies)

It should be noted though, that although as we said above we have never had any contact with Bitcoingoldsilver and did not ask for nor instigate his review, that does not mean now or in the future we do not have the right to offer incentives paid or otherwise to any you-tubers or others with a public profile to promote Credence Coin, like any business the more exposure we get the more interest we can generate in our product, which ultimately benefits all of the holders of Credence Coin.



Thanks again
Credence Coin

Not much longer but there are still people out there who contact us daily because for whatever reason they have not yet realized they didn't receive their coins, mostly due to either us not receiving a TX ID confirmation or they did not add a wallet addy so we ask them for their order # so they can still log in and find it.
It will be shut down in the next few days and will become a redirect to the main site.

You might want to check the BE again, we have not put a single coin onto exchanges and do not plan to, we have said this many times but if people choose to believe different not much we can do about that.

We can confirm 2 things.  1.  The first image we posted was posted in haste and was as others have said a bit of a disaster.  If we stuff up we will admit it and in that case we did.  2.  The design you are referring to is one of many that have been sent to us as well as having our own designers (one of which is no longer working for us) do some mock ups, but we will probably be going with something very similar to the above.  Thanks again to all who offered their ideas it is very much appreciated. 
Well here is your update and coinexchange.io have not replied to us, so if they are replying to you guys with listing dates that is great, but since they have not replied to us directly we cannot post anything about it officially because we do not know ourselves.

Best thing to do is to send your CRDNC from Android App to your desktop wallet addy.  Do a small test send first though.

Bitcoin.  If you go to the wallet and click on help, then about, you will see that. 


So that people like you can have something negative to say in the forums. 

Again great news but we have not heard from them ourselves so cannot offer any further. 

Thanks to all supporters and those of you with patience.

One final word, we will not be deviating from our road-map because some think it will help the price, we will release the platform as soon as we possibly can but we are not going to compromise the integrity of the site and its workings just to appease a select few who want to see the price increase yesterday.  We are working on it as fast as we can but we are not going to release a product that is not functional, tested several times and secure.   

Thank You
Credence Coin. 

Agree, look don't worry guys, what we posted is NOT the finished product, we will make it look sleek and less like a paint truck involved in an accident.

What we wanted to convey to you is that we are working on the site, and we promised to deliver a screen of the dashboard and our priorities are to keep our promises so that is why we posted it.

The interface will for the most part remain unchanged, except for the colors and we will sort that out, what is more important is that the system when live remains live and functions well.

So now we have taken a bit of pressure off ourselves by showing A dashboard, we will concentrate more on the back end and at the same time come up with a few different color schemes.

We may even post a few different varieties here and let the community decide, or we will start a poll in a new thread. 

So please do not be put off by the technicolor look as it is now, that is not the finished product.

Thanks again for sticking with us and hold your Credence, ride these waves out and we will hopefully be the #2 Lending platform on the market, that is our goal. 

Im curious how regal coin was able to get on them immediately, but you cant seem to get that happening as the coin plummets in price.

Sincerely speaking, I dont think its a wise decision  from credence team, to lunch ICO without having a functioning website..
If it stays long without their website showing up, this will eventually lead to FUD.. A website is very important for such a project.
I think its better to build a website first (even without exchange working yet) before coming up with an ICO..

Do you intend to to something against them for stealing your work?

What do you mean? ,  for staking the wallet need to be open 24 hours....
why do you say that he can keep the wallet close?

A mobile wallet is exactly the same as all other operating systems wallets, Windows, Max, Linux, etc, there is no reason why it wouln't work the same.