[ANN] [EON] EXSCUDO - ICO successfully finished!

[Bim abk]

How is the development of exscudo now? And how many shares have been sold? I just want to know its progress

[Storm_Guardian_N7]

Not sure if anyone has seen this; but

https://www.reddit.com/r/EXSCUDO/comments/6cawn3/warning_us_citizens_cant_redeem_their_eon_coins/

Exscudo is focused on compliance in the EU; https://exscudo.com/Crowdsale%20Prospectus.pdf

--U.S. citizen Laws
(ii) Each person shall only participate in the Campaign (a
“Purchaser”) through the personal web account, registered on the
("my.exscudo.com"). If a Purchaser is a citizen, tax resident or
green card holder of the United States of America (“US
Purchaser”), he/she shall not participate in the Campaign except
through such ways as separately designated by the Exscudo OU
for US Purchasers’ participation.


--KYC laws
(v) The Exscudo OU shall be entitled to take any action to identify
any Purchaser at any time, even after the close of the Payment
Window (as defined in Section 7 below). If the Exscudo OU
conducts “know your customer” exercises or any other kind of
customer due diligence to verify the identities of all or part of the
Purchasers, the Purchasers concerned shall timely provide all such
information and meet all such requests as may be sought or
instructed by the Exscudo OU for that purpose.

--AML laws (note that this includes tax evasion/not reporting btc income on taxes)
If the Exscudo OU discovers the purchase of EON by any
Purchaser violating any anti-money laundering, counter-terrorism
financing or other regulatory requirements, such purchase shall be
invalid with retroactive effect and the Exscudo OU shall be entitled
to immediately deny the relevant person’s admissibility to the
Campaign, reject delivery of any EON and request return of any
delivered EON, irrespective of any payment that could have been
made by that Purchaser

--Is it open source?
No, it's closed source. It has decentralized features but is centralized; with centralized governance and decision making.

--More INFO
(a) All the information submitted by him/her to the Exscudo OU is
true, complete, valid and non-misleading;
(b) He/she is not a citizen, tax resident or green card holder of the
United States of America unless he/she participates in the
Campaign through ways as specifically designated by the Exscudo
OU for US Purchasers’ participation;
(c) He/she is of sufficient age to participate in the Campaign and
is a natural person with full civil capacity of conduct under the
laws of the jurisdiction where he/she is domiciled or maintains
citizenship;
(d) He/she is aseasoned investor, expert, technician and/or
professional in the fields of blockchain, distributed ledger
technology and crypto-tokens, cryptocurrency and financial
market and is fully aware of the risks associated with the
development and use of the Exscudo Ecosystem;
(e) His/her participation in the Campaign is voluntary and based
on his/her own independent judgment without being coerced,
solicited or misled by anyone else;
(f) He/she is permitted by the laws of each jurisdiction to
participate in the Campaign and is legally permitted to acquire,
receive and hold crypto-tokens;

Huh so does this mean US citizens can't even participate in the sig campaign either?

I would assume this means US citizens can't even participate in the SIG campaign; it's VERY very deceptive of this campaign; they have reframed words by focusing on being compliant; following US and international laws on this, this raised a reg flag. They have not been clear about this upfront; the only way to find out US citizens can't participate isn't via their FAQs but by reading 1 document out of the several they have listed up there; they aren't clear about their KYC policies. They just say they reserve the right to do X when they decide. This means without asking them directly if they will require all people who participate in the campaign to redeem or take their EONs out to verify their identity; so your tokens may or may not be trapped on their exchange until it becomes available for US citizens; who can know without them clarifying. I can't get into the slack channel to ask directly. Just curious how many US citizens have already participated in this campaign without realizing they may not be able to redeem their tokens because they will have broken one of the rules by doing so. Exscudo has not made any attempt to target U.S. citizens to offer them a way to participate; this is for EU members only, I really hope people speak very loudly about  this to get answers from the team for U.S. citizens who have already invested without reading that little piece of fine print...

[seek4dream]

Just do some math:
BOUNTY CAMPAIGN - 2 400 000 EON COINS FOR THE CRYPTOCOMMUNITY
The price for 1 EON will be 0.0002 BTC.
That is worth 480btc total

And the ICO will collect around 2000BTC.

I am afraind bounty is too much.

[Palaxidon]

Ico ends on 25 may, right?

[Moondreams]

Ico ends on 25 may, right?

no..ends of may

[Palaxidon]

Ico ends on 25 may, right?

no..ends of may

may 31. Thank you

[wicaksono]

Just do some math:
BOUNTY CAMPAIGN - 2 400 000 EON COINS FOR THE CRYPTOCOMMUNITY
The price for 1 EON will be 0.0002 BTC.
That is worth 480btc total

And the ICO will collect around 2000BTC.

I am afraind bounty is too much.

I also think so, especially with BTC prices are increasing whether not too many prizes in bounty

[sulendra12]

Just do some math:
BOUNTY CAMPAIGN - 2 400 000 EON COINS FOR THE CRYPTOCOMMUNITY
The price for 1 EON will be 0.0002 BTC.
That is worth 480btc total
And the ICO will collect around 2000BTC.
I am afraind bounty is too much.

We should waiting Exscudo team to clarify this thing because 480btc is really huge funds for bounty only but it may impact to advertisement stuff and make Exscudo widely known to make serious project.

Beside that still have 7 days to go before ICO ends so anything could be happened.

[exscudo]

Hello everybody Thank you for your questions, we will try to make them clear.

1) If you have any problems with your accounts, stakes or investment - write to help@exscudo.com

2) The first thing to be launched will be the EON blockchain itself. Channels mobile app and Exscudo Exchange will come shortly after.

3) We will publish the detailed info about masternodes in the near future, as soon as technical documentation on them is released.
IMPORTANT: everybody can launch a node. BUT if you want to profit from it, you should deposit on it at least 25 000 EONs!

4) About Slack: our channel is being spammed with bots asking for invites, so we do manual moderation of everybody who asks for a permission to enter the channel. We apologise for not being fast enough with that.

[exscudo]

Does anyone know anything about the escrow? I can't find any information... I'd be surprised if this project doesn't have any one.

Hi! The point is that there is no escrow in the traditional meaning of this word for Exscudo. However there is a Board of directors which governs the company and a number of consultants who help us in various regions all over the world.

[Tarime]

Just do some math:
BOUNTY CAMPAIGN - 2 400 000 EON COINS FOR THE CRYPTOCOMMUNITY
The price for 1 EON will be 0.0002 BTC.
That is worth 480btc total

And the ICO will collect around 2000BTC.

I am afraind bounty is too much.

It's too late to change the rules of the bounty campaign, isn't it? Nobody should change them in any case. Stop to envy.

[minorman]

Just do some math:
BOUNTY CAMPAIGN - 2 400 000 EON COINS FOR THE CRYPTOCOMMUNITY
The price for 1 EON will be 0.0002 BTC.
That is worth 480btc total

And the ICO will collect around 2000BTC.

I am afraind bounty is too much.

It's too late to change the rules of the bounty campaign, isn't it?

I don't think they will change the bounty rules almost more than a week remaining, even Edgeless had around 300-400 BTC in bounty campaign and they paid it in small portion like 20% then around 80% after launching their beta.It's common nowadays to offer a high bounty to attract more people for marketing.

[Tarime]

Just do some math:
BOUNTY CAMPAIGN - 2 400 000 EON COINS FOR THE CRYPTOCOMMUNITY
The price for 1 EON will be 0.0002 BTC.
That is worth 480btc total

And the ICO will collect around 2000BTC.

I am afraind bounty is too much.

It's too late to change the rules of the bounty campaign, isn't it?

I don't think they will change the bounty rules almost more than a week remaining, even Edgeless had around 300-400 BTC in bounty campaign and they paid it in small portion like 20% then around 80% after launching their beta.It's common nowadays to offer a high bounty to attract more people for marketing.

I think so. Because if you start to change its own rules it can lead to mistrust on the part of participants.

Does anyone know anything about the escrow? I can't find any information... I'd be surprised if this project doesn't have any one.

Hi! The point is that there is no escrow in the traditional meaning of this word for Exscudo. However there is a Board of directors which governs the company and a number of consultants who help us in various regions all over the world.

I think to invest but I'm not sure that you won't deceive us... Why should we trust you?

[cabron]

This project will be a long term investment so if you want to profit with EON, you will have to be patient. Its going to be a huge project and totally a good investment for maybe around a year and half.

[seek4dream]

Just do some math:
BOUNTY CAMPAIGN - 2 400 000 EON COINS FOR THE CRYPTOCOMMUNITY
The price for 1 EON will be 0.0002 BTC.
That is worth 480btc total

And the ICO will collect around 2000BTC.

I am afraind bounty is too much.

It's too late to change the rules of the bounty campaign, isn't it? Nobody should change them in any case. Stop to envy.

I guess the bounty is based on the assumption that most of EON will be sold during ICO, that way the bounty is only a small portion of the total amount.
But since the ICO won't go that well,  I am just a little concerned.

[Moondreams]

Just do some math:
BOUNTY CAMPAIGN - 2 400 000 EON COINS FOR THE CRYPTOCOMMUNITY
The price for 1 EON will be 0.0002 BTC.
That is worth 480btc total

And the ICO will collect around 2000BTC.

I am afraind bounty is too much.

It's too late to change the rules of the bounty campaign, isn't it? Nobody should change them in any case. Stop to envy.

I guess the bounty is based on the assumption that most of EON will be sold during ICO, that way the bounty is only a small portion of the total amount.
But since the ICO won't go that well,  I am just a little concerned.

Why is the ICO not go good?

[seek4dream]

Just do some math:
BOUNTY CAMPAIGN - 2 400 000 EON COINS FOR THE CRYPTOCOMMUNITY
The price for 1 EON will be 0.0002 BTC.
That is worth 480btc total

And the ICO will collect around 2000BTC.

I am afraind bounty is too much.

It's too late to change the rules of the bounty campaign, isn't it? Nobody should change them in any case. Stop to envy.

I guess the bounty is based on the assumption that most of EON will be sold during ICO, that way the bounty is only a small portion of the total amount.
But since the ICO won't go that well,  I am just a little concerned.

Why is the ICO not go good?

150 720 000 EON coins will be available for sale at the ICO launch, you can buy them with BTC;
it seems hard to sell 10% of it.

[stormia]

Hello everybody Thank you for your questions, we will try to make them clear.

1) If you have any problems with your accounts, stakes or investment - write to help@exscudo.com

2) The first thing to be launched will be the EON blockchain itself. Channels mobile app and Exscudo Exchange will come shortly after.

3) We will publish the detailed info about masternodes in the near future, as soon as technical documentation on them is released.
IMPORTANT: everybody can launch a node. BUT if you want to profit from it, you should deposit on it at least 25 000 EONs!

4) About Slack: our channel is being spammed with bots asking for invites, so we do manual moderation of everybody who asks for a permission to enter the channel. We apologise for not being fast enough with that.

Thanks dev. So quick question, I know they can't participate in the ICO but can US citizens participate in the sig campaign? Since doing so isn't a form of investment I don't see why it would be disallowed for compliance reasons.

[Selly Arumsari]

It would be nice if you talked about your problem, to the slack dev already provided, and there you will get a quick answer, rather than you discussing your problem on threads ...

Can't. Need an 'invite' from the team.

"Don't have an account on this team yet?
Contact the team administrator for an invitation"

you can ask on ico dasboard and contact help exsudo guys..
if you ask in this tread small possible for read dev

[Landical]

Not sure if anyone has seen this; but

https://www.reddit.com/r/EXSCUDO/comments/6cawn3/warning_us_citizens_cant_redeem_their_eon_coins/

Exscudo is focused on compliance in the EU; https://exscudo.com/Crowdsale%20Prospectus.pdf

--U.S. citizen Laws
(ii) Each person shall only participate in the Campaign (a
“Purchaser”) through the personal web account, registered on the
("my.exscudo.com"). If a Purchaser is a citizen, tax resident or
green card holder of the United States of America (“US
Purchaser”), he/she shall not participate in the Campaign except
through such ways as separately designated by the Exscudo OU
for US Purchasers’ participation.


--KYC laws
(v) The Exscudo OU shall be entitled to take any action to identify
any Purchaser at any time, even after the close of the Payment
Window (as defined in Section 7 below). If the Exscudo OU
conducts “know your customer” exercises or any other kind of
customer due diligence to verify the identities of all or part of the
Purchasers, the Purchasers concerned shall timely provide all such
information and meet all such requests as may be sought or
instructed by the Exscudo OU for that purpose.

--AML laws (note that this includes tax evasion/not reporting btc income on taxes)
If the Exscudo OU discovers the purchase of EON by any
Purchaser violating any anti-money laundering, counter-terrorism
financing or other regulatory requirements, such purchase shall be
invalid with retroactive effect and the Exscudo OU shall be entitled
to immediately deny the relevant person’s admissibility to the
Campaign, reject delivery of any EON and request return of any
delivered EON, irrespective of any payment that could have been
made by that Purchaser

--Is it open source?
No, it's closed source. It has decentralized features but is centralized; with centralized governance and decision making.

--More INFO
(a) All the information submitted by him/her to the Exscudo OU is
true, complete, valid and non-misleading;
(b) He/she is not a citizen, tax resident or green card holder of the
United States of America unless he/she participates in the
Campaign through ways as specifically designated by the Exscudo
OU for US Purchasers’ participation;
(c) He/she is of sufficient age to participate in the Campaign and
is a natural person with full civil capacity of conduct under the
laws of the jurisdiction where he/she is domiciled or maintains
citizenship;
(d) He/she is aseasoned investor, expert, technician and/or
professional in the fields of blockchain, distributed ledger
technology and crypto-tokens, cryptocurrency and financial
market and is fully aware of the risks associated with the
development and use of the Exscudo Ecosystem;
(e) His/her participation in the Campaign is voluntary and based
on his/her own independent judgment without being coerced,
solicited or misled by anyone else;
(f) He/she is permitted by the laws of each jurisdiction to
participate in the Campaign and is legally permitted to acquire,
receive and hold crypto-tokens;

Huh so does this mean US citizens can't even participate in the sig campaign either?

I would assume this means US citizens can't even participate in the SIG campaign; it's VERY very deceptive of this campaign; they have reframed words by focusing on being compliant; following US and international laws on this, this raised a reg flag. They have not been clear about this upfront; the only way to find out US citizens can't participate isn't via their FAQs but by reading 1 document out of the several they have listed up there; they aren't clear about their KYC policies. They just say they reserve the right to do X when they decide. This means without asking them directly if they will require all people who participate in the campaign to redeem or take their EONs out to verify their identity; so your tokens may or may not be trapped on their exchange until it becomes available for US citizens; who can know without them clarifying. I can't get into the slack channel to ask directly. Just curious how many US citizens have already participated in this campaign without realizing they may not be able to redeem their tokens because they will have broken one of the rules by doing so. Exscudo has not made any attempt to target U.S. citizens to offer them a way to participate; this is for EU members only, I really hope people speak very loudly about  this to get answers from the team for U.S. citizens who have already invested without reading that little piece of fine print...

Wow, I didn't see this until after I bought in. So I'm a US citizen whose invested right, once everything launches my coins are probably going to be trapped in the exchange and I won't be able to get them out? Damn.