ANN - LEOcoin - Official announcement regarding LEOcoin from LEOcoin Foundation

[LEOcoin Foundation]

@LeoCoin Foundation

Great Interview so far. Thank you.

The amount of LEOcoins still owned by LEO Ltd only forms a very small part of the total supply.

It would help tremendously to build confidence if you could - please - ask to get the exact value of "very small part".

We are all business men and investors. And as such we are used to get exact figures....

LOL Peter78,

yeah, exact figures, like having the name and address of Satoshi Nakamoto or that "927 People Own Half Of All Bitcoins". I guess, Peter78, a "very small part" is as accurate as we will get. At least I was not inclined to ask for more private details.

[Peter78]

I guess, Peter78, a "very small part" is as accurate as we will get.

Sorry, but are you joking ? That is an IMPORTANT figure to know for every investor.

At least I was not inclined to ask for more private details.

Why not ? A good interviewer is a person who aks for details !

In addition, LeoCoin claims to be "transparent" !? So there should be no problem !!

[Cryptotraider16]

Thanks for great info! Hope in next part Dan will tellwhen LEOcoin start from POW to POS!👍🏼

[Peter78]

@LEOcoin Foundation

I seem to remember that you told us that there is no relation between LeoCoin Foundation and the LeoXchange.
LeoXchange is a "third party".  Right ?


So why does the LeoXchange say the contrary ??

[danandanderson]

5% premine hahaha. Yes after 100 years it will come down to 5% but currently it is 20mio produced and 50 mio premine! That is reality! So it is a HUGE premine! In numbers more than 70% premine! And this premine will generate the biggest amount of coins when POS starts so the percentage will be even higher each year! And NO clear evidence that premine was given away... There were like 100 or 200 leocoin rewards for bringing merchants so maybe 5 mio leocoin was given as rewards all together. And if 10mio is with leocoin foundation there are still 35 mio coins with Dan and co. So dan and co have 50% of leocoins in their hands! And dan was also mining as i know so i guess he has arround 60% of all leocoins !
Nice money to be made if he can get fools to buy this coin !

[LEOcoin Foundation]

@LEOcoin Foundation

I seem to remember that you told us that there is no relation between LeoCoin Foundation and the LeoXchange.
LeoXchange is a "third party".  Right ?


So why does the LeoXchange say the contrary ??

@Peter78

Of course there are relationships, particularly with regard to legal rights, e.g. for the brandname 'LEOcoin', the logo etc. Nevertheless, the LEOxChange is a third party. Aside from that, thanks for pointing this out. The information needs to be updated, as the LEOcoin Foundation is no longer seated in Germany. However, the Anti-Money-Laundering measures, are still in force.

[Peter78]

So the Leocoin Foundation is responsible for the Anti-Money-Laundering rules of LeoXchange.
Right ?

How , in that case, can the Leocoin Foundation do its job in these regards if - as you told as earlier - the Leocoin Foundation has no access to any data of LeoXchange.

[Cryptotraider16]

Leocoin will easy hit 1£ buy i need 10£! 👍🏼

[danandanderson]

Leocoin will easy hit 1£ buy i need 10£! 👍🏼

Maybe even 100£ after POS starts👍💶💵💰💴
I belive it just needs some positive good energy and all will be good.
I see bright future for leocoin, people only need to invest couple of 10.000£ and price will be 5£ and after those 32000 merchants all start it will be crazy.

[Cryptotraider16]

Leocoin will easy hit 1£ buy i need 10£! 👍🏼

Maybe even 100£ after POS starts👍💶💵💰💴
I belive it just needs some positive good energy and all will be good.
I see bright future for leocoin, people only need to invest couple of 10.000£ and price will be 5£ and after those 32000 merchants all start it will be crazy.

Yeah asap POS start then we can say Game changer start! 😎🍾💶💷💵

[danandanderson]

Leocoin will easy hit 1£ buy i need 10£! 👍🏼

Maybe even 100£ after POS starts👍💶💵💰💴
I belive it just needs some positive good energy and all will be good.
I see bright future for leocoin, people only need to invest couple of 10.000£ and price will be 5£ and after those 32000 merchants all start it will be crazy.

Yeah asap POS start then we can say Game changer start! 😎🍾💶💷💵

I was being sarcastic... But you didnt get it like you never do here..
I have to smash your dreams, leocoin is run by a bunch of amateurs with no technical and real buissines skills, so even if they had good intencions with this coin, which they dont, they couldnt pull it off.

[wildduck]

Yes like i said leocoin is going to the draw well  

[LEOcoin Foundation]

So the Leocoin Foundation is responsible for the Anti-Money-Laundering rules of LeoXchange.
Right ?

How , in that case, can the Leocoin Foundation do its job in these regards if - as you told as earlier - the Leocoin Foundation has no access to any data of LeoXchange.

@Peter78

A) Policy and responsibility

When I read the first line of the AML Policy statement on the LEOxChange website it says: "This policy is the Anti-Money Laundering (AML) Policy of LEOxChange". How you from this actually straightforward statement arrive to your - false - conclusion is again a riddle to me.

Answering questions is something entirely different and does not diminish the responsibility of the LEOxChange towards their own AML policy.


B) Data access

In an earlier post I stated that "The LEOcoin Foundation is not operating the LEOxChange or has access to their data, their client base, their funds or their IT platform." We can however see the data that is publically available, so your assertion that LEOcoin Foundation would not have access to any data of LEOxChange is obviously false. Please do not add things that we have not said.

On top of that, there also exist all kind of relationships between the LEOcoin Foundation and third parties, like the LEOxChange. In such instances information/data is shared but normally a secrecy agreement does apply with regard to what data may or may not be disclosed. This is not only common practise but also good practise, as it protects the interest of users, employee's, etc, with regard to privacy, AML and KYC regulation.

[Peter78]

@LeoCoin Foundation.

Thank you for the clarification.

"The LEOcoin Foundation is not operating the LEOxChange or has access to their data, ....

But finally, who operates the LeoXchange ?

[Cryptotraider16]

@LeoCoin Foundation.

Thank you for the clarification.

"The LEOcoin Foundation is not operating the LEOxChange or has access to their data, ....

But finally, who operates the LeoXchange ?

LEO ltd

[Peter78]

Over 190.000 merchants and I am having trouble finding 1 !?!?

Here is one :-)

http://us5.campaign-archive1.com/?u=7066920bbac919a55162c018e&id=8f38076a3e

[Peter78]

But finally, who operates the LeoXchange ?

LEO ltd

How do you know that ?
And who owns LeoXchange ?

[LEOcoin Foundation]

@LEOcoin Foundation

Talking about "legal requirements for web sites".......

I know, you will tell me that it is a "third-party".
But anyway, it is meant to be a major place to promote Leocoin:

http://leomarketplace.com/

I checked their "Terms and Conditions" at

http://leomarketplace.com/MerchantWebShop/termsandconditions.aspx

... Our company number is 07112363 and our VAT number is GB 989 026 181. We refer to ourselves as " LEO", "we", "us" or "our" in this document, and we refer to us and any other companies of the LEO group of companies, including our affiliates, parents and subsidiaries, as " LEO"....

Now if I check that number, I get a completly different company, registered in 2009 !!!

https://beta.companieshouse.gov.uk/company/07112363

@Peter78 - Re. LEO Market Place website

Indeed this concerns a third party website. On my enquiry I got the following answer "It’s a common misconception that the LEO Market Place site is a completed site - it’s not, it’s in beta and is there as a directory and depository for information. ... the information on leomarketplace hasn’t been through any testing or bug checking or proof reading. As in this case the company number is incorrect, it’s just a holding number"

In this regard the LEOcoin Foundation has adviced to add an 'under construction' referral, or otherwise make more clear that the website of the project is in beta status. However, the amount of 32,000 merchants that have registered is correct. Also the LEO Merchant Project is still active and will play a role in the development of LEOcoin.

[Peter78]

In this regard the LEOcoin Foundation has adviced to add an 'under construction' referral, or otherwise make more clear that the website of the project is in beta status.

I am sorry to have to say that, but is there anyone at Leo who knows the UK laws on websites ?

If a company makes a web site available - no matter if it is under construction or whatsoever, there MUST be the correct company registration number and VAT number.
It is simple as that.


I am also wondering what the company, whose identification numbers are used, would say about that.
This seems highly illegal.

[Cryptotraider16]

Guys its look like botnet stop! Difficult go down from 0.13 to 0.03!!!
Now after they kill price they stop 👍🏼👍🏼

Now time for pos wallet and price will start to rise!👍🏼

But first LEOcoin need to get trust back! But its can easy happen!