[PROC]-ProCurrency-| Pro Rewards |~ V1.3.6 BR - Minimum Version

[DISPERADO]

We have reached 50+ BTC!!
Very excited as this is the very minimum to keep development going.

Some ICO collected more than 1000 BTC in the first hours of the start crowdsale, while others are barely a few weeks they can collect 50 BTC, I think that PR plays a leash a small role, the idea and its implementation, that is important, and apparently in PROCommerce do not.

The team had to conduct more active and aggressive PR campaign, it was necessary to begin in 2-3 months. Given that many companies were scams, PRO COMMERCE  should be satisfied with this result.

[drays]

Ok, I have read the whitepaper too.
I alot of marketing buzzwording used, too little specifics still.

Here are my legit questions after reading that:

1. Whitepaper tells: "Once people understand the benefits of shopping with a decentralized cryptocurrency, they will discover why cryptocurrency is a lot more exciting than traditional cash back. "
How exactly cryptocurrency is a lot more exciting than traditional cash back? Please explain what is specifically exciting, and how you will make regular people feel it is actually exciting?
Do you think people dream of learning cryptocurrency stuff, or becoming cryptocurrency speculators, instead of getting plain and simple cash back to their pockets?
Why do you think they will prefer this rebate to normal one? Please list the benefits the way I can explain it to regular family mom who buys her kids clothes at Macey's and doesn't know what Bitcoin is.

2. Basically you are going to do what Ebates or Fatwallet do, but will give people XRO instead of USD. I suppose you will get real cash back in USD from the retailers. Which USD/XRO exchange rate will you use? Will it be ICO price, or higher, or lower?

3. While giving buyers XRO coins, you will keep the actual USD rebates for yourself. How they are going to used? Any buyback program?

4. PRO solutions is targeted at merchants, and is going to "help businesses further learn about business development, branding, advertising and the advantages of cryptocurrency.". Do you really want to teach Macy's, Wallmart and others on how to do the branding and business development? If not, which businesses the application is targeted at?

5. In point 5. "Unsold Coins and their Purpose", the whitepaper details how the 75% of unsold coins will be handled. However nothing is told about the rest 25% of unsold coins! Given the huge total supply and very expensive coin price, the number of those coins will be very big (expect them being about 100 more than coins sold on ICO). So you will still solely control 99% of supply, with no escrows.
Who will guarantee you will not dump them on open market?

6. Whitepaper tells:
"POS Reward:  
150 Coins/ Block 1st Year
100 Coins/ Block 2nd Year
50 Coins/ Block until max supply is reached"

Will your wallet with unsold coins stake or not? I assume it should not, otherwise the share of ICO participants drops.
If it doesn't stake, and only ICO holders stake, then...
Lets do some math. 150 coins per block with 1 min blocks make 150 x 60 x 24 x 365 = 78,840,000 = 78M coins per year.
If you raise 100 BTC with average price of $0.03 per coin, assuming 1 BTC equal to $1000, the total supply sold at ICO will be just about 3.4M coins!!!!
Now compare 3.4M supply to 78M yearly generated supply. It makes the 2700% inflation rate!!! Isn't it crazy?

Please explain.

1. What isn't exciting about cryptocurrency once you know about it?
Cryptocurrency has a history of price fluctuation which can benefit people rather than fiat currency, most people think that is exciting.
2. Refer to whitepaper... XRO price is time stamped at time of purchase.
3. This is just one aspect as there will be many merchants globally that offer rebates in coins. There are many platform and companies that will handle the rebate portion of the app. We are just the developers of the coin and technology.
4. We are not teaching major retailers or fortune 500 companies about branding and advertising. There are millions of e-commerce businesses that sell products through Amazon, Ebay, Shopify, Alibaba and many more that can benefit from taking cryptocurrency as payment instead of just traditional credit and debit cards.
5. Refer to ANN.
6. You are not taking into account all the coins being released for incentives and rewards compared to 78M, the inflation rate will be is much lower and this is only for the first year.

Best regards,
Patriarch.

You are avoiding my questions and just put bullshit in answer.

1. Cryptocurrency is exciting for us, but not to the general public yet. I conclude you have no idea on how to make it attractive to regular people.
2. I have read the whole white paper. There is no answer there. XRO price is stamped by which value exactly? Exchanges price or what?
3. You avoid giving information. What are the companies which you have appointed already to offer rebates in XRO coins? Please list them one by one. If you have none - it means you will only use the ones who already pay real $$$ via ebates and multiple other sites. That wont work. Also you avoided my question about buybacks. It means you are going to give users worthless XRO and get the real money for yourself only.
4. Please list every company you have appointed up to now (if there are any).
5. This one was bad!! There is ZERO information in ANN about who will hold 25% of unsold coins. My conclusion - you avoid answering because you are going to DUMP those XRO to market!
6. Hey, you seem to have problem with maths. And look to avoid using numbers at all. I suppose thats because your expertise is in drawing nice pictures and diagrams (like you have in ANN and whitepaper), than in math or business.
Even if you crazily dilute the investments by giving another 3M coins to random people for FREE, the supply will become 6-7M. With inflation of 78M coins per first year, this still means more than 1000% annual inflation!!
Hence:
 - the investors who will pay real BTC on ICO, will be screwed, because you will give huge amount of coins to random people for free
 - the staking rate is absolutely unacceptable. This is actually a high-PoS coin, which will drop in value like crazy, even before you dump the unsold coins.

I feel like investors get screwed, unless escrows do something very soon.

[drays]

We have reached 50+ BTC!!
Very excited as this is the very minimum to keep development going.

Some ICO collected more than 1000 BTC in the first hours of the start crowdsale, while others are barely a few weeks they can collect 50 BTC, I think that PR plays a leash a small role, the idea and its implementation, that is important, and apparently in PROCommerce do not.

The team had to conduct more active and aggressive PR campaign, it was necessary to begin in 2-3 months. Given that many companies were scams, PRO COMMERCE  should be satisfied with this result.

Unfortunately, it is not about PR campain. The problem is - this project is SCAM. I rarely say that, as I prefer to be absolutely sure before accusing somebody. Thats why I asked questions first, to make sure before I make any conclusions. Judging by the reaction of dev and the answers, I can now wholeheartedly tell: there is 99% probability this is scam. And I assure you - PRO COMMERCE is already satisfied, the only problem now for them - is how to get the BTC from escrows into their wallet. But they surely have a plan.

[Patriarch]

That is your opinion. Our desire is to help the crypto community, not hurt it by dumping it and disrupting our own plan.
Some people see our vision some don't and we understand that is normal.

Best regards,
Patriarch.

[uswa56]

That is your opinion. Our desire is to help the crypto community, not hurt it by dumping it and disrupting our own plan.
Some people see our vision some don't and we understand that is normal.

Best regards,
Patriarch.

I a gree with you

I fully support your project


PRO hopefully successful 

[JimmyRecard]

What do we have here.... Carlos is that you buddy ?

Buying up Alt Accounts and telling another bedtime story ?

STAY AWAY !

[drays]

What really amazes me - is how such reputable persons like Dabs and SebastianJu didn't notice the red fags and agreed to escrow this scam.

I will contact them to ask to look here once more, and save investors. Also I think we need to call experienced scam-busters here, like Gleb Gamow, for example. He will easily find who is behind those fake 'real' identities.

The scheme of scam will be simple:
1. Developers will release all wallets and launch the chain, also they will disdtribute the coins, and release the useless rebate app.
2. Escrows will release the funds, after approval. Starting from this point things go out of control.
3. Coin will be listed on an exchange - most probably a scam exchange, like Yobit.
4. There will be a little trading, maybe few weeks, no real pump, because the ICO price is already insanely high, and as soon as there is enough buy support, developers will dump the crazy amount of unsold coin they have (which is about 100 times more than all ICO coins).
5. After that developers will disappear with all the ICO BTC.

Nobody will win anything, except the scam devs and some bounty whores (who are actually the ones creating the false hype on this 'project').

@Dabs, @SebastianJu: please analyse this project once again. You guys risk your reputation by escrowing this. Sure escrows cannot guarantee anything beyond the point funds are released, but inexperienced people here will blame you when this coin get dumped in two weeks after release, with developers disappearing.


P.S. I have notified escrows and asked them to look here, and re-evaluate the project. I am sure they will do their best and make a good judgement. So I have nothing to do here anymore, and this is most probably my last post here. Will be just looking with interest.
My post got long, nobody reads long posts, so I will shout once again, last time, in big letters -
 PEOPLE, THIS IS SCAM.
 Don't tell you were not warned, and don't cry later.

[Patriarch]

Again, That is your opinion. We want to help the crypto community, not hurt it.
We all agree this community was founded on good principles and morals.
I do understand the need to stop SCAMS, I have been a victim of a scam project in Bitcointalk.
I know first hand the anger and disappointment of a SCAM project, but we are not that.
If you can't see our vision here, that's ok, we don't expect everybody to.
We are sincere with our goals. Time will tell the truth.


Best regards,
Patriarch.

[ICOGuru]

That is your opinion. Our desire is to help the crypto community, not hurt it by dumping it and disrupting our own plan.
Some people see our vision some don't and we understand that is normal.

Best regards,
Patriarch.

I a gree with you

I fully support your project


PRO hopefully successful 

I do too I invested some more after reading the whitepaper.
I knew the marketing aspect would work, and like I mentioned I am available for hire lol

[malcovixeffect]

Still a scam for me since Carlos is hiding.

[tempus]

Again, That is your opinion. We want to help the crypto community, not hurt it.
We all agree this community was founded on good principles and morals.
I do understand the need to stop SCAMS, I have been a victim of a scam project in Bitcointalk.
I know first hand the anger and disappointment of a SCAM project, but we are not that.
If you can't see our vision here, that's ok, we don't expect everybody to.
We are sincere with our goals. Time will tell the truth.


Best regards,
Patriarch.

I agree, it doesn't need the word Scam. It only needs some questions:


1. You offer 15 bn Coins in this ICO. The average price is $0.03. That means, you measure the total value of this project at:

15,000,000,000 x $0.03 = $450,000,000 ---> wtf?

What makes you believe, the total value of this project should be that high and on #3 right behind Bitcoin and Ethereum?


2. After this ICO the team will hold about 99.9% of the total supply. The Algo is Proof of Stake. Why should anybody trust you guys that you don't stake the 99.9%?

3. You constantly claim: "We want to help the crypto community, not hurt it." That's cute!

a) But why and how would a totally centralized "Currency" be helpful and how could it have any chance to become mainstream?
b) And let's say the price would have any chance to rise, who would benefit most? The guys who have sent you money to get 0.01% in summary or you with your 99.9% of the total supply?
c) And if the price has no chance to rise, and I can predict that exactly that is the case - why should anybody buy this?


4. Why should anybody trust you that you'll be able to keep your 99.9% of the total supply safe? It's not only a threat for the price. You know what is possible with a > 51%-supply in a PoS-System, right?

5. Your Whitepaper is full of buzzwords, but it doesn't say much about the tech. Not really interested in it, or why is that so?

6. Would it be possible to show a working product in a Video? Should be, since you already have a lot of Screenshots.

7. You've said one month ago :

(...)

Please see our website https://www.procommerce.io/
i have an upcoming interview that will be streamed live.
I will post that on here as well.

Where can I find this interview? Would you show your face in a video plus your ID-Card to raise trust in you and your project?


8. Do you really believe that a total Premine-PoS-Project with 99.9% of the total supply in the hands of the team has any chance to get on a legit exchange?

[malcovixeffect]

btw
If you are one of the investors you should probably be worried that the github is empty

[Patriarch]

Code will be uploaded at the end of ICO.
That high Market cap will no be existence if there are no users. It might take 10 years or more for those coins to be in circulation.
Coins in circulation will be from ICO and Rebates.
Again, We are working on escrow terms for unsold coins right now. We will not control unsold coins.
I will make a video next week, we have too much development and only a couple weeks left so time is short.
Unfortunately, we all think of only a cryptocurrency market cap.
It's clear that the market cap will mostly be determined on new users coming into crypto.
Please refer to the white paper as some questions were answered there.

Best regards,
Patriarch.

[kamiyama]

Code will be uploaded at the end of ICO.

It is the same as lithium ...

[ICOGuru]

Code will be uploaded at the end of ICO.
That high Market cap will no be existence if there are no users. It might take 10 years or more for those coins to be in circulation.
Coins in circulation will be from ICO and Rebates.
Again, We are working on escrow terms for unsold coins right now. We will not control unsold coins.
I will make a video next week, we have too much development and only a couple weeks left so time is short.
Unfortunately, we all think of only a cryptocurrency market cap.
It's clear that the market cap will mostly be determined on new users coming into crypto.
Please refer to the white paper as some questions were answered there.

Best regards,
Patriarch.

I agree with the market cap. Its only measured with coins in circulation and it makes sense that the part of the no users no coins so people will make the markert cap go up

[ICOGuru]

Code will be uploaded at the end of ICO.

It is the same as lithium ...

No, lithium didn't have escrow.

[tempus]

Code will be uploaded at the end of ICO.
That high Market cap will no be existence if there are no users. It might take 10 years or more for those coins to be in circulation.
Coins in circulation will be from ICO and Rebates.
Again, We are working on escrow terms for unsold coins right now. We will not control unsold coins.
I will make a video next week, we have too much development and only a couple weeks left so time is short.
Unfortunately, we all think of only a cryptocurrency market cap.
It's clear that the market cap will mostly be determined on new users coming into crypto.
Please refer to the white paper as some questions were answered there.

Best regards,
Patriarch.

Interesting reply! You don't answer directly on my post, but indirectly - and you say:

"Please refer to the white paper as some questions were answered there."

You want a lot of money, but you don't want to answer directly or show with quotes out of the whitepaper where it answers some of my questions?


You also say: "That high Market cap will no be existence if there are no users."

The 15bn Coins will be in existence, right or worng?
You measure the total value would at $450 million, right or wrong? If wrong - why such a high price?
How could the price ever rise if there should be new users and you begin to distribute the 15bn plus PoS-Inflation?
Where are the rules to make clear when and how you would begin to sell the 99.9% that you or the escrow will hold?
Whoever will hold about 99.9% of the total supply after this ICO needs to be trusted that he won't stake it and that he will be able to keep them safe, right or wrong?

 

You claim this is a cryptocurrency and that you would want to help the Crypto-Community - but this is a central-bank-design plus hyperinflation.

What do you believe how this will help anybody else than yourself - first with the ICO-BTC and than with 99.9% of the total supply?


This is also interesting:

"I will make a video next week, we have too much development and only a couple weeks left so time is short."

You claim this would be an open source project but there is no code in the Github.
You've said you would stream an Interview live, but it never happened.


I really don't understand how it's possible that something like this even exists. It's not possible that this is legit and that's true for a lot of projects. But this is so low-level. I don't get it. But obviously it's possible that some unexperienced kids send you real money.

[kamiyama]

Code will be uploaded at the end of ICO.

It is the same as lithium ...

No, lithium didn't have escrow.

RESPECTONOMY......

[tempus]

Code will be uploaded at the end of ICO.
That high Market cap will no be existence if there are no users. It might take 10 years or more for those coins to be in circulation.
Coins in circulation will be from ICO and Rebates.
Again, We are working on escrow terms for unsold coins right now. We will not control unsold coins.
I will make a video next week, we have too much development and only a couple weeks left so time is short.
Unfortunately, we all think of only a cryptocurrency market cap.
It's clear that the market cap will mostly be determined on new users coming into crypto.
Please refer to the white paper as some questions were answered there.

Best regards,
Patriarch.

I agree with the market cap. Its only measured with coins in circulation and it makes sense that the part of the no users no coins so people will make the markert cap go up

I've tried to explain you the difference between marketcap and total value some time ago. And they've measured the value of this central-bank-PoS-inflation-System at about $450 million.

Now you have the choice to trust that they won't sell the 99.9% on the market. But why does it exist? To sell it once new users come in? And if that happens, how could this have any potential to rise in price if they begin to sell once there would be more demand - it already is at a ridiculous high price! And who would benefit in such a scenario? Investors or Patriarch?

The price can't rise until this project would legitimately value at $450 million! That can't ever happen because of it's design! And it won't happen because I give you my word: There won't be real development. Maybe they'll release some kind of Code and an App they've copied out of other Githubs - but they have in no way the expertise to lead a project.

Plus: Do you really believe that this has any chance to get on a legit exchange? And if that would happen (and it won't happen), do you really believe there will be enough stupid enough to buy into this?


The question if this is a legit project or not is no secret to solve. The answer is obvious. But what I would really like to know is if you really believe in this as an Investor or if you are part of this. Because if you are really just a user who truly believes in this and gave his real money - you should open your eyes and start to think.

[GTTIGER]

Code will be uploaded at the end of ICO.
That high Market cap will no be existence if there are no users. It might take 10 years or more for those coins to be in circulation.
Coins in circulation will be from ICO and Rebates.
Again, We are working on escrow terms for unsold coins right now. We will not control unsold coins.
I will make a video next week, we have too much development and only a couple weeks left so time is short.
Unfortunately, we all think of only a cryptocurrency market cap.
It's clear that the market cap will mostly be determined on new users coming into crypto.
Please refer to the white paper as some questions were answered there.

Best regards,
Patriarch.

As an investor I can say that your words scare me... Please rethink coin distribution. 10 years to be worth 450 million... ur joking right.. Is this why ICOcountdown took you off the site?