 Dear investors.
Since crowdfunding our company, EncryptoTel has experienced a number of challenges and problems. We can assure you that we are only getting stronger as a result of this, and this in no way reflects the status of the company and especially the completion of our software products in the future.
Yesterday, late in the evening Moscow time, our BlockSwap service was attacked and ultimately hacked. The amount of losses is a staggering 38.5 million ETT tokens from the Ethereum chain and a further 3.8 million ETT Waves tokens.
Read more: https://medium.com/@encryptotel/fd541726fb47
To address a couple of questions here:
1. This happened yesterday morning, it is not the reason investor distribution has been taking so long. It is a separate issue.
2. All trading has been halted since the moment this was discovered.
3. ETH based (ERC20) tokens will be redistributed, the current ones will be invalidated.
4. The smart contract address will change, and will be published immediately when completed.
5. Waves based (CAT) tokens will NOT be redistributed.
6. Waves based (CAT) tokens will CONTINUE TO EXIST! IT'S STILL DUAL-CHAIN!!!
7. ETT Waves (CAT) version token holders who lost tokens/funds as a result of this will be reimbursed from ETT team funds.Thanks for the update. I'm glad I sent my tokens to WAVES. "Keep up the the good work".This is a good project holding my tokens. Seriously? |
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the blog post is to short. they have to tell us what really happened. if they won't the trust of the users they have to be honest and open.
I agree , they have to make things clear especially to those who invested in the ICO ,for all we know the distribution process of token to the investors are still in the process so 15-20% as they said that almost 80> were already distributed .It is a big percentage . Lets wait for the further clear informations that they will announced .There will be no problem if they can resolve this in another way. Fair enough, let's wait and see, but it don't look good. |
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these amateurs should give us the coins back in the same currency we have invested ..... badest investment we ever made. and i smell a total loss  They will never give our coins back. I would gladly swap my ETT back. This is my first ever ICO, 4.2 BTC down the shitter. I feel sorry for the guy/guys that put 1M waves in after ICO ended, bet they are spewing now. |
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Encrypted irony  I got a better one: DecryptoTel  |
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For fucks sake.
Edit: Now we know why some investors did not recive their coins. They were stolen.
Investors will receives coins anyway. I won't be hard to redo the distribution thought a new asset. The issue is mostly for all the traders on DEX and other exchanges. That sucks for those who bought off the Waves DEX and the other exchange, thief been slowly offloading most prob. |
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For fucks sake.
Edit: Now we know why some investors did not recive their coins. They were stolen.
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Now it's only 2.5 LBC per ref and we have been all there already!
I don't understand the logic and reason behind this. The people who go out of it, should instead get into this. Anyways. To some degree it should go up with the live event. The mark is correcting itself. But still. It should go up. Doesn't make sense it is down a lil. Well, it is usually the people that sell off when the hype seems to reach its peak because they are just here for some quick money or they have no real trust in the project. They already made some profits and think it will go down again when the dust settle and the hype wears off - which is true most often. However, I think here, there is more potential to go up, especially in the long run. It may be a risky thing to speculate on a dip to rebuy again, it likely won't happen with LBC for a while. My prediction is that it will dump on news as usual, but the MM knows this and will most likley dump it before anyone else, he/they will then proceed to scoup up the cheap coins from the weak hands before taking this project to where is deserves to be. Myself i'm just going to hold, as I belive in this long term. |
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HAR HAR HAR I love you so much LBC. Joined just to say thanks to all the people who contributed to this thread over the past few months, thanks to your input I decided to go all in LBC at 8.3k. I love you all very much, and look forward to the next couple of months as the beta gets sorted and a user base builds. lambo's for all.
Also, a slightly sad har har har to everyone who dumped lbc yesterday. why? why do you do this to yourselves?
I know you made money by going all in at 8.3k, but bro you never go all in, if it goes wrong then your up shit creek. I made that mistake back in my early days, lost 97% chasing dog shit pumps  |
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BTC moves a few percent and the lemmings start dumping. Dangerous game being so close to the 22nd, best of luck getting back in around the current price.
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what do guys think shift can reach in price before the end of 2017 and how far will it be with phantom and marketing
100-300 million marketcap, between 9 and 27$ per coin... 9$-100m is pretty conservative though, thats the minimun I expect. Your not too far off my estimation, i'd go to the higher end of your estimate though. |
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what do guys think shift can reach in price before the end of 2017 and how far will it be with phantom and marketing
It should have a higher marketcap than maid, that's worth currently x12 more than shift. |
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Retard project, extremely disappointed on it, shameless scam.
I would not go so far, just amateurish noobs with no clue how to build a trustful business. The whole ico is one big disaster! Changing plans while sale is ongoing. The ico platform is total garbage. Sometimes we were able to see our ETT amount sometimes not. Sometimes even login was not possible. 2fa was only possible right before the withdrawal and never worked for us. We got the mail with the 2fa code 2 days (YES 2 DAYS) later, i call this bs. They have to do the withdrawals manually, really?? I guess there are still some investors waiting for their coins, holy..... I guess the ico plattform is from another provider, but if you want to act as professional you have to be careful which partner you choose. We are a proffesional IT company and if we choose a bad partner with whom we realize projects it is 100% our fault. Therefore we will never sell or recommend the ETT solution to our customers as planned. Last i have to say, i'm in crypto since 2012 and we invested in quite some icos. Most of the time we hold the coins for years (SYS for example). Maybe this token will be worth a lot sometimes in future (in crypto you never know) but we just don't care because we don't support such amateurish nonsense. Anyway, i wish all those who believe in the project good luck and i hope we can get out ASAP, even with a loss Cheers They are coming accross as greedy amatures at the moment, if they can sort the final distro of tokens with in the next day or so, they may get away with it by the skin of their teeth. As of now there are quite a few people regreting buying into the ICO, that buy wall is gonna get dumped to fuck. |
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Yo devs, you wanna have a word with polo as the transaction fee for withdrawls is 5 AMP.
That is just wayyyyy too damn high.
Bittrex has much lower fee I just looked on trex, it's 0.1. Polo are just taking the piss. x50 WTF!? |
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Still haven't got my tokens.
Bit of a shambles mate. Devs sort this shit out. |
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Yo devs, you wanna have a word with polo as the transaction fee for withdrawls is 5 AMP.
That is just wayyyyy too damn high.
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AMP looks good to me because it is a solid project and no pump yet. Could anyone tell me the same coin like AMP?
Shift, blocknet and LBC. All those got major releases coming up. Thank me later. |
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When will Phantom be released?
Likely with the next update, July 1. Hope so, not long now, this will be an epic price rise, brace your selves, just scoop up the last of the cheap coins until then. shift is going on top 50 Sorry mate you need to set your sights higher. Top 50 is nothing for what shift can reach. Two words: "dencentralized internet". Another two words: "game changer". Maid is at 259M, that's not near ready. |
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AHAHA Love the video lol.
As good as that comment "Lbry about to leave the stratosphere environment" -> insta ban on former trollbox
I'm glad it's gone, it was 90% shit anyway. Looks like the price is starting to creep up too, strataspheric moon shot inbound |
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Cool as fuck vid. Only a few more days to see it working, good times ahead. |
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