IPO Escrow Service available by Coin-Swap.net

[masterkiller]

Coin-Swap offers an IPO escrow service, if requested by the coin developer. If you have been to Coin-Swap.net and used the trading system, it works very similar except it's a one to many trade instead of one to one. It takes approximately 24 hours to setup the IPO escrow service per coin.

Coin-Swap.net's responsibility is to YOU, the investor, first. Some things are out of our control but handling your coins is our primary responsibility.

Short Version
Investment deposits are sent to Coin-Swap.net, and you can refresh your page with up to date deposit information.
The investment amounts will not be sent to the coin developers until we have received the IPO coins from them and not until the coin goes live. The wallets must be publicly released and the IPO coins available to claim.
Once the wallet is released, participants can enter their IPO coin wallet address at the Coin-Swap IPO page and shortly after they will receive their IPO coins.

If you plan on taking part in an IPO, please go ahead and register at Coin-Swap.net it is the easiest and fastest registration you'll ever do. Please also read the Sync page in case you join the IPO from another device in the future.

Coin-Swap's role
Coin-Swap provides the coin handling portion of the IPO. We are responsible for receiving investments, keeping the investments safe, and distributing rewards. Coin-Swap is not liable for the credibility of the coin.

Important Information
Coin-Swap takes 2% of the deposit amount as a service fee as soon as it is received, regardless if the IPO is successful or not.
It is your responsibility to determine if you want to take the risk.
If the IPO fails, you will receive your deposit minus the 2% service fee we charge.

If you have any other questions or concerns please let me know.

Ian

[SlidingHorn]

Coin-Swap provides the coin handling portion of the IPO. We are responsible for receiving investments, keeping the investments safe, and distributing rewards. Coin-Swap is not liable for the credibility of the coin.

Given the rampant security issues among exchanges lately, would you mind sharing some form of evidence that your exchange has been audited for security by an outside source?

[roslinpl]

Coin-Swap provides the coin handling portion of the IPO. We are responsible for receiving investments, keeping the investments safe, and distributing rewards. Coin-Swap is not liable for the credibility of the coin.

Given the rampant security issues among exchanges lately, would you mind sharing some form of evidence that your exchange has been audited for security by an outside source?

Indeed it would be nice to make us trust you more.

Anyway good luck

Kind regards

[masterkiller]

We have not had any outside security audits, but it is something we plan to do in the future, just like Coinbase who also hasn't yet had an outside security audit.

http://support.coinbase.com/customer/portal/articles/628970-how-does-coinbase-handle-security-

In the future, we plan to add some or all of the following:
 
Offering a guarantee or insurance against loss.
Quarterly security audits by outsides firms, and disaster drills.

We take security extremely serious. Monday was the first day on the job for our newest member and he came on board to focus on security. I'll see if he can introduce himself here, but he has spent 20-30 years in the security business.

As for the IPO deposits, I fire up a fresh VM, install the bitcoin/dogecoin wallet (whatever the IPO deposit coin of choice is), encrypt the wallet, get an address, backup the wallet to a few USB drives with truecrypt and store them. The deposit address where all IPO deposts go is provided publicly. If there are any additional steps that you would recommend, I'm always up for feedback!

For user experience on the site itself, you can see this thread: https://bitcointalk.org/index.php?topic=480952.0

[SlidingHorn]

We have not had any outside security audits, but it is something we plan to do in the future, just like Coinbase who also hasn't yet had an outside security audit.

http://support.coinbase.com/customer/portal/articles/628970-how-does-coinbase-handle-security-

In the future, we plan to add some or all of the following:
 
Offering a guarantee or insurance against loss.
Quarterly security audits by outsides firms, and disaster drills.

We take security extremely serious. Monday was the first day on the job for our newest member and he came on board to focus on security. I'll see if he can introduce himself here, but he has spent 20-30 years in the security business.

As for the IPO deposits, I fire up a fresh VM, install the bitcoin/dogecoin wallet (whatever the IPO deposit coin of choice is), encrypt the wallet, get an address, backup the wallet to a few USB drives with truecrypt and store them. The deposit address where all IPO deposts go is provided publicly. If there are any additional steps that you would recommend, I'm always up for feedback!

For user experience on the site itself, you can see this thread: https://bitcointalk.org/index.php?topic=480952.20

...and I don't deal with them, either.

[Tomatocage]

I'd steer clear of any new user or site offering to hold funds in escrow as this is a scheme used by scammers that lead to them holding large amounts of your money before they disappear.