VLT | Veltor | Donar Network | Minimalism.

[cryptohunter]

I have the feeling things have gotten a bit out of hand and some people are letting their emotions get the better of themselves, so let me clear some things up.

1) It is true that we wanted to sell some Veltor when the price was doing well to contribute to our funding of the foundation. However, not much later, the first dumps happened, and rather than selling any, I personally actually bought some more. I will check with the team whether we are willing to publish all of our addresses to confirm this.

2) I put my name behind this, and Alex put his name behind this, because we fully believe that not only will we make any investor whole, everyone will be better off long term. There is no haircut if holders get to keep their value and get a share in a project that has more resources and a much higher potential of success.

3) All of the funds raised in the ICO will go to an officially created foundation in Switzerland, with a clearly defined mission. I'm not sure if you are aware of how foundations work, but once you put the funds in, it's a non-profit organization and you can't legally use them for anything else. Nobody will personally profit from this.

4) The video interview was a bit of a stupid idea. Honestly, someone in the team accepted it before thinking it through, and then we had to somehow do it. We had none of the current plans and were simply playing a character of what was still a hobby project. We were trying to have a bit of fun, and in a way we did, but looking back, we probably shouldn't have done it.

5) It is fair to be upset, but what I think goes a bit far is personally threatening the people involved in the project. The team has put many months into Veltor, with no reward and no financial support. We invested tens of thousands of euros of our personal money for equipment and partnerships. There are two sides to this story.

In the end, the technical vision of the project has grown far beyond what was initially envisioned. In order to get there, we need serious funding. Otherwise, the project has no future and will die. If that's what you want to happen, that is what will happen. However, I think this would be the worst outcome for everyone involved when there is so much potential.

I see the biggest misalignment between the team's perception and the community's perception in what they think the potential of the project is and what is possible in terms of an ICO fundraiser. Of course, if you assume we can't raise much, then you think you are being scammed. It is our sincere belief, however, that no one will end up losing any value.

It is our fault for how communications on the project were handled, and when we did the Jason reveal, it was precisely because we have every intention of changing that. This is why we asked for a couple of weeks to let us roll out the updates. We could have done the ICO reveal later, but we did not want to keep anyone in the dark once the decision was taken.

We did fully expect some negative blowback, but the kind of things that are being said go far beyond what we thought a reasonable reaction would be. Again, we are a number of people dedicating their free time with nothing in return, to a project we started out of a passion and with an idea to create something extraordinary. I think this goes a little bit too far.

Your ICO is dead in the water without a fair deal try to get that fact.
50% is the minimum you can expect prior investors to take. That is meeting you in the middle.

[flowerpots]

LOL. So, with the new ICO the current veltor coins are only worth 5% of the project. That's a big FU.

[Hunterwolfie]

[Stenull]

I like the approach. i think it's very professional when you weight in all the aspects.

[indri123]

I like the approach. i think it's very professional when you weight in all the aspects.

I pity the fool that sells VLT below 1m mcap

https://i.imgur.com/Skau9PO.png

Fast forward to 15/05/2017
Pity the fools who bought this shitcoin and got screwed.

Someone is buying thousands of VLT on yobit 

*Clap clap*. You probably passed your coins to new bagholders.

[Stenull]

No

[o48o]

You fudders do realize that it would benefit everyone to have a successful ico? I am baffled why do you guys want to sabotage it by throwing scam accusations?

[legday]

You fudders do realize that it would benefit everyone to have a successful ico? I am baffled why do you guys want to sabotage it by throwing scam accusations?

Thats what you were counting on? are you that stupid?

[o48o]

You fudders do realize that it would benefit everyone to have a successful ico? I am baffled why do you guys want to sabotage it by throwing scam accusations?

Thats what you were counting on? are you that stupid?

Yeah, that's not really a bright answer. The ico is the only way to rise the project to the next level, but please tell us if you have a better solution.

[Hunterwolfie]

You fudders do realize that it would benefit everyone to have a successful ico? I am baffled why do you guys want to sabotage it by throwing scam accusations?

Thats what you were counting on? are you that stupid?

Yeah, that's not really a bright answer. The ico is the only way to rise the project to the next level, but please tell us if you have a better solution.

so you're happy getting only 5% for the coins you hold.....

[legday]

You fudders do realize that it would benefit everyone to have a successful ico? I am baffled why do you guys want to sabotage it by throwing scam accusations?

Thats what you were counting on? are you that stupid?

Yeah, that's not really a bright answer. The ico is the only way to rise the project to the next level, but please tell us if you have a better solution.

I don't really think there will be any ICO, you can't be so delusional to be thinking that anyone will throw you money after what you did. You're just trying to avoid criminal charges that could be brought against you for fraud.

[Mr. Net]

...snip...

Not going to bother responding directly to all of that as most of it is just blathering away with things that, at the end of the day, are meaningless.

At some point there was a significant change in the manner in which the team communicated with the community. It suddenly became "polished" which is not something you typically see from developers, but rather from organized groups. Despite all the supposed work that has been done, there is not even a preliminary white paper or any sort of "detailed" outline of the technical plans... Instead, there's a post about how there's going to be a piece of hardware people can buy, and the following week an announcement of an ICO. For those of us that have been around here awhile, it all starts to smell like the project is in the hands of a pump and dump type group as opposed to real developers. Developers who believe they're creating something revolutionary etc are more interested in communicating that vision and getting it in the hands of the public as opposed to selling hardware and ICOs.

You are right that as time went along, people joined the team and supported our vision. But saying that it all was pretensed for a pump and dump is just an accusation that is contradictory, as an ICO wouldn't make sens if we accept your version of the story for a moment.
Project Sinni is a side project, the main aim here is to support the network, the way it is layed out, it makes sens to have dedicate nodes, which will be cheap and power efficient. Especially with the nature of the project where the up-time of nodes is critical. If you scroll back a few replies,you'll see that a white paper and a test net client are planned for release before the ICO.

Perhaps I should have clarified. At one point it felt like the project was some actual developer type people albeit naive and inexperienced. Given the change in communications etc, it smells like it's been taken over by those who could be a pump and dump group. It has all the earmarks of one.

Even if it's not a PnD group, announcing a hardware product followed up by an ICO with a 5% swap says that the group now in charge is more interested in money and not about the fundamental tech/project. The 5% swap says that they don't care one little bit about anyone that will invest in the project and that includes those that would buy the ICO.

Let's just sum it up this way. This project is extremely high risk and it's far, far more probable that anyone putting money into it will end up losing it and the project being a failure. Just on it's own it's a high risk project without taking into account anything else.. The only "smart" thing the group has done is slapping the community now so they have time for the stink to subside by the time they finally do the ICO.

Edit: Are you part of the team? Cause you're talking as if you are and have information others don't.

I understand the difference in value perception at the moment, but this is going to change over the next few weeks. We won't loose our focus and will continue to deliver over the next few weeks.

Yes, I am Alexander Bremin, and am part of the core team. I took the decision, together with Max, to go with the ICO and the way it is set up, because it is the only logical decision when stepping back and looking at the long term effects and benefits for the project. In the long run, people will see our reasoning behind it.

The current disconnect will be reversed over time by focusing on what is important. All the FUD in the world won't stop us, and people will look back and some will appear smart while others immature and overly emotional.

Death threats are a big no go, no matter the circumstances, I understand some of the entitlement feeling but they don't justify death threats, this is dishonorable and pathetic.

Alex

[o48o]

so you're happy getting only 5% for the coins you hold.....

It can be debated what vlt tokens should be worth on the ico swap when people are coming in throwing real money and real value to the project. How high would you take it? Please if you think you have found a perfect ratio, don't be shy and tell us how you got there. Maybe you have a better idea and they will adopt it.

You fudders do realize that it would benefit everyone to have a successful ico? I am baffled why do you guys want to sabotage it by throwing scam accusations?

Thats what you were counting on? are you that stupid?

Yeah, that's not really a bright answer. The ico is the only way to rise the project to the next level, but please tell us if you have a better solution.

I don't really think there will be any ICO, you can't be so delusional to be thinking that anyone will throw you money after what you did. You're just trying to avoid criminal charges that could be brought against you for fraud.

What did i do now?

[CryptoGoon]

Pls sell more below ICO value, I'm buying it up.

Max is making some amazing stuff, if we want to go to the Trump bigly's gotta get the big bankroll in.

[Viper1]

...snip...

Not going to bother responding directly to all of that as most of it is just blathering away with things that, at the end of the day, are meaningless.

At some point there was a significant change in the manner in which the team communicated with the community. It suddenly became "polished" which is not something you typically see from developers, but rather from organized groups. Despite all the supposed work that has been done, there is not even a preliminary white paper or any sort of "detailed" outline of the technical plans... Instead, there's a post about how there's going to be a piece of hardware people can buy, and the following week an announcement of an ICO. For those of us that have been around here awhile, it all starts to smell like the project is in the hands of a pump and dump type group as opposed to real developers. Developers who believe they're creating something revolutionary etc are more interested in communicating that vision and getting it in the hands of the public as opposed to selling hardware and ICOs.

You are right that as time went along, people joined the team and supported our vision. But saying that it all was pretensed for a pump and dump is just an accusation that is contradictory, as an ICO wouldn't make sens if we accept your version of the story for a moment.
Project Sinni is a side project, the main aim here is to support the network, the way it is layed out, it makes sens to have dedicate nodes, which will be cheap and power efficient. Especially with the nature of the project where the up-time of nodes is critical. If you scroll back a few replies,you'll see that a white paper and a test net client are planned for release before the ICO.

Perhaps I should have clarified. At one point it felt like the project was some actual developer type people albeit naive and inexperienced. Given the change in communications etc, it smells like it's been taken over by those who could be a pump and dump group. It has all the earmarks of one.

Even if it's not a PnD group, announcing a hardware product followed up by an ICO with a 5% swap says that the group now in charge is more interested in money and not about the fundamental tech/project. The 5% swap says that they don't care one little bit about anyone that will invest in the project and that includes those that would buy the ICO.

Let's just sum it up this way. This project is extremely high risk and it's far, far more probable that anyone putting money into it will end up losing it and the project being a failure. Just on it's own it's a high risk project without taking into account anything else.. The only "smart" thing the group has done is slapping the community now so they have time for the stink to subside by the time they finally do the ICO.

Edit: Are you part of the team? Cause you're talking as if you are and have information others don't.

I understand the difference in value perception at the moment, but this is going to change over the next few weeks. We won't loose our focus and will continue to deliver over the next few weeks.

Yes, I am Alexander Bremin, and am part of the core team. I took the decision, together with Max, to go with the ICO and the way it is set up, because it is the only logical decision when stepping back and looking at the long term effects and benefits for the project. In the long run, people will see our reasoning behind it.

The current disconnect will be reversed over time by focusing on what is important. All the FUD in the world won't stop us, and people will look back and some will appear smart while others immature and overly emotional.

Death threats are a big no go, no matter the circumstances, I understand some of the entitlement feeling but they don't justify death threats, this is dishonorable and pathetic.

Alex

I only had a little bit of a look, but after seeing the number of projects (4 that I looked at, I'm sure there's many more) you said were "honest" and/or the "real thing" and you promoted/hyped etc that then ended up screwing everyone over and dead, I have to say that you being part of any project is a massive detriment and just serves to even strengthen the case that it will end up being some sort of pump and dump/scam.

But whatever, people around here will bend over for you if you tell them what they want to hear. As I said before, good luck to anyone foolish enough to roll the dice on this project.

PS. I can't wait to see who peer reviews this. I have a list of a few I suspect will be used. This will be fun to watch.

[Mr. Net]

I only had a little bit of a look, but after seeing the number of projects (4 that I looked at, I'm sure there's many more) you said were "honest" and/or the "real thing" and you promoted/hyped etc that then ended up screwing everyone over and dead, I have to say that you being part of any project is a massive detriment and just serves to even strengthen the case that it will end up being some sort of pump and dump/scam.

But whatever, people around here will bend over for you if you tell them what they want to hear. As I said before, good luck to anyone foolish enough to roll the dice on this project.

PS. I can't wait to see who peer reviews this. I have a list of a few I suspect will be used. This will be fun to watch.

I was very naive back then and really didn't understand what I was doing.
I have learned a lot since then. And yes, back then I did stuff I am not proud of. I think most of us have done things in the past they aren't proud of.
Only through failure you learn and saying because of failure the next project won't succeed is contradicting itself. Its a toxic mentality in my opinion and the only people who suffer with that are the ones who don't allow them self to fail and thus never really progress and learn in life.

[KKbit]

Their team is trying to smoooth the things showing them all up here.

Don't be naive they dumped VELTOR because they knew this ICO decision would bring price down.

SCAMMERS

[cryptohunter]

what these imbeciles dont realise is that with the community here not sabotaging any and all future projects by these two they would raise magnitudes more.

50% or we will make your ICO and project a pariah on this board. It really is that simple.

You may as well sell these accounts here now because they are just going to be red flags for scams from now on.

Mr.Net. That username has been noted down now as bait and switch scammer.

If this community has any will power they will make it their goal to crush this project and find out all previous from these people and use that as leverage too.

Imagine the poor soles buying this bait and switch scam for 100k sats plus and it goes to 6k sats because they change the rules once they dumped their bags.

[Hunterwolfie]

It can be debated what vlt tokens should be worth on the ico swap when people are coming in throwing real money and real value to the project. How high would you take it? Please if you think you have found a perfect ratio, don't be shy and tell us how you got there. Maybe you have a better idea and they will adopt it.

5 % is a slap in the face you fucking faggot shill.

You're obviously used to getting fucked over you brown nosing cunt.

Only retards like yourself would contribute to this scam ICO.

Go fuck yourself you faggot.

[KKbit]

what these imbeciles dont realise is that with the community here not sabotaging any and all future projects by these two they would raise magnitudes more.

50% or we will make your ICO and project a pariah on this board. It really is that simple.

You may as well sell these accounts here now because they are just going to be red flags for scams from now on.

Mr.Net. That username has been noted down now as bait and switch scammer.

If this community has any will power they will make it their goal to crush this project and find out all previous from these people and use that as leverage too.

Imagine the poor soles buying this bait and switch scam for 100k sats plus and it goes to 6k sats because they change the rules once they dumped their bags.

This.

For me, at this moment, they could even make a 1 : 1 swap that I won't stop spreading what they are. SCAMERS!

Veltor TEAM started dumping VLT in MAY 3 and since then price was shatered because of this decison and many did know with priviledge info and were selling. And some of us beeing fooled as to this dump was linked to BTC strenght.