[ANN] [ICO CLOSED] Inchain - insurance for the crypto economy

[JWH007]

Hello everyone, Sergey told me that there is some kind of confusion about how the refund of Bitcoins will happen. This only applies to BITCOIN REFUNDS.

Everyone who wanted to invest was asked to read my escrow rules before investing. Those rules contained the parts about refunds. Which means refunds have to be proven. We escrows can't possibly trust on data we receive from the devs of inchain. This would negate the whole purpose of an escrow and would put every real investor and the escrows in high risks of being scammed. Instead everyone was asked to invest with some kind of proof being possible. These are:

First way:

Only send Bitcoins from an address you can sign a private message from or at least where you are able to get the private key for that address! This is important since in case of REFUND you can't proof otherwise that you sent bitcoins when you, for example, sent the bitcoins directly from an Exchange. In that case better send them first to your wallet and then from there to the escrow address.

For information about what you need to sign a message you can check out this thread: https://bitcointalk.org/index.php?topic=990345

Second way:

Another alternative to proof your ownership of a payment would be to send me the last 4 numbers of your user id as satoshies in your transaction.

Move your mouse over my username, see my profile id is 18640. You can see yours when you are in your profile and hover the mouse over the links on the left menu. Something like u=18640 in the links show your User-ID. The last 4 digits are 8640. When you add these 4 numbers as satoshies to your payment then it is pretty sure it's your payment too.

For example you want to send 2 bitcoins and your profile id would be 18640 then you send 2.00008640 Bitcoin.

Those investments can be seen as proven to be invested by the person who asks for a refund when one of these ways can be shown.

Everyone who can't do that has to contact me also:

Refunds possible?

Refunds can only be done in case the issuer agrees or there are reasons to stop the ICO by the escrow, because there came up doubts that make the ICO too insecure to proceed.

As long as you did not verify your investment transaction in some way I will see your investment as unverified. Otherwise it could mean a random person could claim an investment as his investment and steal it from a shareholder.

Refunds can only be done instantly when you can proof ownership of the investment. Either by signing a message from the sending bitcoin address or by your investment amount matching your forum user id. See description about verification above.

If you can't proof the ownership of an investment and a refund needs to be done then you need to wait some weeks so that the risk of being scammed is lower for me and the (potential real) owner of that investment. You would want I protect your investment too when someone claims it was his investment and only can show the transaction id, right?

As everyone would have noted already. Refunds take an immense amount of time for the escrows, which is why many escrows does not like ICO's. Escrows can't simply make it easy because the risk of being scammed is high then.

Like stated in escrow details there is a refund fee which is a minimum of 0.01BTC or the following fee structure, whatever is higher:

>=$500,001 = 0,5%
$500,000 - $50,001 = 1%
$50,000 - $10,001 = 2%
$10,000 - $1,001 = 3%
$1,000 - $101 => 5%
<=$100 => 10%


In any case, please contact my via pm about this. I will take notes of everything and let you know if something more is required. I will check those pm and emails as soon as possible.

So the refund details you just outlined "ONLY APPLY TO BITCOINS". Now how about those that invested with ETH?? Also, where is the follow up email that Inchain indicated would be sent to investors outlining the refund procedures??? I don't want to, nor should I have to scroll through this forum to try and figure out the refund procedures. It's been 24 hours since the end of the ICO and nothing but silence from Inchain. Inchain/Sergey obviously knew the ICO funding goal wasn't going to be reached, so all the refund procedures should have been predetermibed and disseminated to investors 23 hours ago. I can already see exactly where this 'shell game' is headed. No wonder the ICO failed....

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[sHeRiLyN1618]

I've sent the escrow SebastianJu a PM regarding refund but still not receive confirmation yet.

[DOPECOINRULES]

Ill be happy to wait a few weeks to get my refund because i sent from exchange, also i have the details of that specific transaction, and details of my ICO details, so i really dont see any problems, im sure once i relay my details segey can verify its not rocket science

[shinratensei_]

Ill be happy to wait a few weeks to get my refund because i sent from exchange, also i have the details of that specific transaction, and details of my ICO details, so i really dont see any problems, im sure once i relay my details segey can verify its not rocket science

Exchange? I feel doubt about that. In my mind, the address in exchange was becoming randomly and are you send for directly to the escrow address? Oh god, I may think if your fund will come in a short time. Bastian will need hard working for this.

Sergey are you have other plan for starting the project again?

[SebastianJu]

Regarding the questions... when someone sent from an exchange then most probably he can't sign a message from the sending address. The reason ist that the private key is owned by the exchange and not by the investor.

Though for that reason option 2 existed. When someone did not follow option 2 also then he would need to send me a pm anyway.

If you get into a conversation with me then PLEASE ALWAYS QUOTE our conversation about the refund. It otherwise is way too hard to follow a conversation on bitcointalk.

I did not have the time to answer yet but I do it now in a nightshift.  Hope to be able to answer everyone.

Regarding ETH refunds... sergey waits for the ETH-escrows to describe the process they want to follow.

[dbstmddhks]

Regarding the questions... when someone sent from an exchange then most probably he can't sign a message from the sending address. The reason ist that the private key is owned by the exchange and not by the investor.

Though for that reason option 2 existed. When someone did not follow option 2 also then he would need to send me a pm anyway.

If you get into a conversation with me then PLEASE ALWAYS QUOTE our conversation about the refund. It otherwise is way too hard to follow a conversation on bitcointalk.

I did not have the time to answer yet but I do it now in a nightshift.  Hope to be able to answer everyone.

Regarding ETH refunds... sergey waits for the ETH-escrows to describe the process they want to follow.

HI, I send a PM to you with second method.

If my way is right. I post my method this thread.

From, wan

[btcxyzzz]

I've sent ETH from my ETH wallet. Why (the fuck) do we need escrows here?! Just return the ETH to same address. What is this mess?

[globalbtc21]

how to get Ether refund

[Sergey_Inchain]

So the refund details you just outlined "ONLY APPLY TO BITCOINS". Now how about those that invested with ETH?? Also, where is the follow up email that Inchain indicated would be sent to investors outlining the refund procedures??? I don't want to, nor should I have to scroll through this forum to try and figure out the refund procedures. It's been 24 hours since the end of the ICO and nothing but silence from Inchain. Inchain/Sergey obviously knew the ICO funding goal wasn't going to be reached, so all the refund procedures should have been predetermibed and disseminated to investors 23 hours ago. I can already see exactly where this 'shell game' is headed. No wonder the ICO failed....

Hi

I'm here. Sorry for the delaying with the refund. But it is in hands of the escrow, they hold the fund.
We did suggest them any help with it.

ETH escrow still offline. I'm sure they will bring up soon.

[Sergey_Inchain]

Sergey are you have other plan for starting the project again?

We are working on it.

[Sergey_Inchain]

I've sent ETH from my ETH wallet. Why (the fuck) do we need escrows here?! Just return the ETH to same address. What is this mess?

Hi

Escrow holds the fund to prevent the devs from stealing it. It's common practice.
They have 2 of 3 needed keys to make any outgoing transactions from ETH fund.

I'm intensively spamming their Skype and I'm sure they will online soon.

Best
Sergey

[szafa]

Yes it is good refund to same adres.

[jaesonma]

I've sent ETH from my ETH wallet. Why (the fuck) do we need escrows here?! Just return the ETH to same address. What is this mess?

Hi

Escrow holds the fund to prevent the devs from stealing it. It's common practice.
They have 2 of 3 needed keys to make any outgoing transactions from ETH fund.

I'm intensively spamming their Skype and I'm sure they will online soon.

Best
Sergey

No need to spam, because 3 of you can't get any money, it is refund project.    Bad luck

[btcxyzzz]

ETH escrow still offline. I'm sure they will bring up soon.

Who is the ETH escrow?

[Sergey_Inchain]

ETH escrow still offline. I'm sure they will bring up soon.

Who is the ETH escrow?

https://bitcointalk.org/index.php?topic=1623519.msg16681714;topicseen#msg16681714

[rdyoung]

Bad luck for this project, maybe in the future you can present the proposal again.

[amy1284455127]

Is it refunded according to the delivery address? I was sent from the exchange！

[Sergey_Inchain]

Is it refunded according to the delivery address? I was sent from the exchange！

Hi

BTC refund instruction: https://bitcointalk.org/index.php?topic=1623519.msg16980778#msg16980778
ETH refund instruction coming...

[xcajun21]

- Sent from exchange.
- There is no private key on this exchange wallet.. Or where is?
- The investment was sent before being aware of the refund informations on this forum; directly following the guide on inchain.io website on how to invest in the ico.

What method for us it is: so far Sebastian hasn't said anything to these who sent from an exchange.

[Rusupaulmihai91]

Since TwinWinNerD and Iam escrowed the Bitcoins for this ICO here are the details we would ask when the refunds are allowed:

Please check my escrow details post for bitcoin investments at https://bitcointalk.org/index.php?topic=1623519.msg16693763#msg16693763 and check out the part investor safety and provide proof about your investments. Send the proof directly to me via pm. I will handle the tracking of all infos about bitcoin refunds for inchain.
You don't need to bother TwinWinNerD additionally.

I deposited on 27.10.2016 0.02392296 BTC from 1PRrPuHvwAMGYG6A24HoPzG3QgcdYJpc56 to 3EAH5GnxYqYHNZg25wo2LGwxWoo3ibeeQ3 and i want a full refund to my Bitcoin deposit adress 1PRrPuHvwAMGYG6A24HoPzG3QgcdYJpc56. I want my bitcoin back!