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

[Rusupaulmihai91]

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.

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. My inchain email is rusu_paul2015@yahoo.ro and  I want my bitcoin back!

[1714587949]

1714587949

[1714587949]

1714587949

[orio]

I also invested 0.02 btc and due to refund rules I should burn 0.01 ? 50%
Yes, it's not big amount..but in my country it's some money I can live for!
Take a fee 0.001 btc, but not 50% !!!
This is unacceptable! 

[rusmana62]

I also invested 0.02 btc and due to refund rules I should burn 0.01 ? 50%
Yes, it's not big amount..but in my country it's some money I can live for!
Take a fee 0.001 btc, but not 50% !!!
This is unacceptable! 

haha same problem ,, im try to invest 0.01 btc and fee 0,01 btc to refund  And I do not get anything ,, Truly great benefits esscrow

[bitcoinsforall]

The refund rules are not acceptable...

you can take a bitcoin network fee of 20k satoshis and nothing more than that.


Will never invest in such ICOs

[waxo]

=COME ON  ETH refund....why we have to wait so long ??

[kalpit]

I also invested 0.02 btc and due to refund rules I should burn 0.01 ? 50%
Yes, it's not big amount..but in my country it's some money I can live for!
Take a fee 0.001 btc, but not 50% !!!
This is unacceptable! 

Would the charges for each participant be separate or escrow would charge as while.

I mean, total investments were more than $50,000. Doesn't it mean that fee be 0.5% ?
Or it individual amounts would be considered for fee rates?

0.01 Bitcoin for each participant would be very much. This means escrow gets about 10 Bitcoin.

But, 0.01 bitcoin can only get you a meal at a small restuarant ,not much.

[Sergey_Inchain]

=COME ON  ETH refund....why we have to wait so long ??

Johann is online with me, he needs some time to prepare the refund rules i think

[doktor1897]

ico not successful, when the refund even loss because of the cost involved pieces. how this dev? I just deposit 0.02+, the BTC and eth. and that all of the excange, to deposit

[nyteo]

can I remove my signature now?

[xcajun21]

Why not send back, what was sent in from same address.. What is all this fuss about.

[kalpit]

can I remove my signature now?

Yes you can.

Why not send back, what was sent in from same address.. What is all this fuss about.

Not everyone used their personal wallets. Many had used exchanges to directly invest. So it is not possible to return all investments to save Bitcoin address.

[johny08]

if the concept would work, they would be getting VC money or enough support. it seems, thats not the case.

[DeadBirdzz]

it is a case of ICO fatigue.

too many ICOs and people have most of their BTC locked in other useless tokens

[pvk444]

Hi, any idea when the ETH payback procedure will be announced?

[Johnny00]

Glad i didn't put in

[memii]

Hi, any idea when the ETH payback procedure will be announced?

I'm also waiting to hear how to get back my ETH. So have patience we will get information about this procedure to get back our coins back into account. But I have sent from exchange wallet.

[Jcga]

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

We are working on it.

<3 <3

[ranggawulung]

so.... how with signatur, FB and twitter campaign whether paid or not?

[Sergey_Inchain]

can I remove my signature now?

yes, thank you:
https://bitcointalk.org/index.php?topic=1623519.msg16979510#msg16979510

[Sergey_Inchain]

Why not send back, what was sent in from same address.. What is all this fuss about.

because some people sent from exchanges and escrow must ask their refund address