TokenPay just gave the middle finger to its U.S. investors (!)

[Beachguy]

They knew before launch it didn't meet SEC rules for ICO that came out before.
A lot of US citizens put money in on the basis of  Capo being from USA.
And he's out of the country now so untouchable.

Fancy website really sucked a lot of people and their money in only to get less back.
I guess their "legal advisors" Garcia and Arraya...IF they even exist...need to learn about SEC and US Law.
Sorry for peoples' loss but this smelled from the start

[Dunkelson]

Has anyone ever received a response to any support questions in the TokeyPay website? I've sent 3 support questions and not so much as received a robot email response saying they got it. I bought two rounds of tokens. One on December 14th (Still Pending) and one on the 19th (Completed). I don't know why the later one was completed and not the earlier one. They took the bitcoin for each though, of course. When you submit the refund address it makes you hold harmless TokenPay for everything and then there is a statement that your account will be terminated. Anyway, my main question is about support responses. I submitted a question on IM on their Facebook page and a robot responded that I need a Support Ticket number. It's been about 15 days since my first inquiry. Kind of frustrating.

[dababe]

Is it necessary to remember that investing in an ICO or in a blockchain related project is always extremely risky?
There is never any guarantee that you will get your investment back when things don't go according to plan.

The ICO is ongoing. They took people's money. They want to eliminate a group of people. It has nothing to do with whether a project is risky or not. So your conclusion is flawed.

It is not as if the project failed or succeeded. It is not as if the project went according to plan or not as you wrote.

If I gave you $1000 to buy some oranges and tomorrow you come to me and say "Hey. I am sorry I can still get the oranges but I just can't sell them to you.". Then you have to give me EXACTLY $1900 back. You can't give me back $1500 and say we are square. That would mean you get to 1. receive an interest free loan from me and 2. you get to keep $400 of my money.  All without telling me the reason why.

Why not China? Why not South Korea? Why not many of the countries that explicitly outlawed ICO participation.

There is something wrong with this and it doesn't take a rocket scientist to figure it out. I wonder what percentage of USA citizens participated in this ICO? That would be rather telling.

Sorry dear, your premise AND conclusion are severely flawed.

Sounds like a grand stinky plan to me.

[dababe]

People have been spamming about TokenPay in order to get referrals. Now it seems that the spammers' referral bonuses will be deducted too if they referred US participants...

Oh that is baloney.

Sharing your affiliate links with others is NOT spam. If someone spams by sending you unsolicited emails and/or social media private messages, then yes, it is spam. But you can't  generalize and say that people were spamming. Besides I get emails all of the time from real estate agents, jvzoo top dogs, and insurance agents looking for leads. I also get email from Major banks such as Bank of America, Chase etc, offering me $50 or $100 if I get new customers for them.

I get so tired of the silliness coming from people who insinuate that affiliate marketing is all about spam or is scammy.

Now let me get to your final statement. Dude, if USA citizens are eliminated from the program, then of course, the USA citizens can't get the additional TPAY bonuses from their referrals. And if someone from China refers a lot of USA citizens who are getting refunds, does it not conclude that Mr. and Mrs China won't get the TPAY bonuses?  Don't be such a silly willy.  You don't get cash or bitcoins as referral bonuses. You get TPAY.

People without knowledge always put their dirty socks in their mouths because of their preconceived notions about the truth. Most times it is better if one is plain and simply QUIET until they know better.

[jmaresca]

Well said dababe.

[Digital Drug Lord]

hey I just wanted to point out I invested in a company called xvg because I heard it was going to be a private coin. Long story short I bought in at 25 cents only to have it crash down to 12-15 ish area, I dont know it was over a tweet or some drama. its looking like the whole coin was a scam.

anyways then they started mentioning that xvg would "work" with tokenpay, and when I did a search on google for tokenpay this thread came up so I actually joined up just to comment about it since I lost so much in xvg and now I think it might be the same guy trying to run a scam, off one scam and off to the other to get gullible new comers

[TimtheYoutuber]

If they gave less coins back, then that is a scam. If they gave a USD value back then that is sketchy. This is why you need to do research on the team, if they are sketchy dont invest. It is pretty easy to tell when an ICO is going to be shitty.

[nata777]

I believe that this should not be reflected at all by investors, because there were examples when I invested money and it would be better if I just kept in bitcoin

[nabbered]

If they gave less coins back, then that is a scam. If they gave a USD value back then that is sketchy. This is why you need to do research on the team, if they are sketchy dont invest. It is pretty easy to tell when an ICO is going to be shitty.

Yeah but hold on, I’m in a Euro zone country, if I pay for something in dollars I expect to be refunded in Dollars. If the Euro gets stronger, I don’t have a right to request my refund in Euro value equivalent to the time of invest.

They invested with BTC, if they invested 1BTC 6weeks ago, then they should get 1 BTC back. If BTC went to 40k, should TokenPay work out the value and pay them back 1/2 a bitcoin?

Investing is risky, the USA is clamping down. Either people want regulation or they don’t. You can’t scream foul when you lose money. Same story over and over.