COINDASH - Future of trading - Token Sale 17th July 2017

[hush]

How to verify I invested on which address on right address or hackers?

Is all participants have to fill the claim form that is like have a nightmare

[Melodize]

You guys don't really belive alan is going to refund the whitelisted investor do you ?
Never and never he will do that.He wants money and not a dead project so he will do anything possible to keep your ETH in his pocket.

Bancor did the exact thing - let anyone who wants get a refund. Only 8% people decided for the refund. Project survived and got credibilty boost. Same will be here. Only couple of bitcointalk panickers will decide to refund, rest will keep their coins because nothing changed for them regarding the tech of the project itself.

dont compare Bancor to this scam.. please. the conclusions people will come up with are not going to be based on if a refund took place or not.. but WHY.

[Heruur]

If they increase the amound of CDT the price will drops drastically...

Not increase the total amount of CDT, just increase the amount for investors.  You do know the ICO was only for 50% of the total CDT.  Dev's are holding onto the other 50% (500 million). 

500 million x 0$ = 0$

[Warkop]

You guys don't really belive alan is going to refund the whitelisted investor do you ?
Never and never he will do that.He wants money and not a dead project so he will do anything possible to keep your ETH in his pocket.

I never understood what you said, why people are talking about a refund, maybe this does not make sense for this project, but I see that it's all very convincing to be part of this COINDASH.

[mistercashking]

Didn't invest saw what happened on my timeline. wow what a shit show.

[JesusCryptos]

People go to the casino and then they whine if for once they happen to loose...

Coindash's site was hacked, it happened also to Hillary Clinton who was or should have been protected by NSA or similar agencies.
No way devs would do such a idiotic scam - if they wanted to scam they'd have cashed the full cap + they'd have later dumped their coins at 10X on exchanges.

Shit happens, that's it.

[BlockHedge]

I don't know what measure will be taken, but one thing I'm sure: the measures to be taken should be general and not segmented between whtelisters and general investors.

Actually whitelisters and general public invested in different circumstances and got different outcomes so obviously they will be treated differently. Whitelisted people can easily recover their ETH and that is a must. Regular users got scammed badly but I can not Imagine why they sent ETH to the address without even checking if it is a contract on etherscan so this is kind of their fault too. Yes it was on official site. But so were the fake addresses on slac sent by slackbot which is an official channel and some people fell for this and some were smart enough to check.

To be fair to those who sent to the fake address.  It was published on the official site and they didn't want to miss out on the ICO since many have sold out in minutes.  

A solution that might still save this project is to offer 2 options for investors.  
1.  Offer refunds for those on the whitelist first and if there are remaining ETHs left, offer those who sent to the fake address.
2.  Increase the amount of CDT for all those who want to keep their investments.  Use the tokens that were refunded and give those who still
     want to support the project an additional bonus.

The team may end up with zero ETHs from this and more CDTs, but if they truly believe in their own project and work hard for it's success, those additional CDT's will pay off.  Look at projects like Stratis for example.  Turned pennies into dollars.

This type of idea has some merit.  Not sure about issuing additional CDT, but something along these lines could work.

[TKeenan]

Whitelisters will not receive a refund. I'm not sure why that's being mentioned. They paid for a token and they're going to get it. This hack does not affect them. CoinDash is even going as far as giving those who were scammed their tokens since it was their fault for having lax security on their website.

The only issue is that now the tokens will be devalued due to lack of faith in the project/developer, but to be fair there was never a promise of value in the tokens/ICO. You're buying on speculation that they'll be worth something and because you want to fund the project. If they turn out to be worthless, then you lost on that speculation.

If devaluing a token is the main issue to some then Bancor was also wrong to keep selling over their promised limit (increasing their market cap and ruining good-faith with participants in the ICO). If anything this hack would normally increase the value of CDT because the market cap will be around 6m rather than the originally planned 12m (meaning more room for profit for investors).

Once again the real issue is CoinDash earning our trust again somehow. If people have no faith in the project/devs then the tokens will become worthless. This is coming from someone who is $30,000 deep in this mess. I obviously want CoinDash to recover so I don't end up losing my investment. They have a LONG way to go to earn our respect/trust again though, especially considering the market is currently recovering today (most things are up 20% or more) and we're stuck sitting here wondering how much we're going to lose rather than gain...

[Qiuyue201]

We need a simple way to exchange the token back to ETH for whitelisted people.
Those who wish to use the refund contract will get refunded, the rest will continue to profit from the coins.

[magnetique]

How to verify I invested on which address on right address or hackers?

Is all participants have to fill the claim form that is like have a nightmare

if you got tokens back then you have invested in right address
if not, you've been scammed

[cryptosifu]

Whitelisters will not receive a refund. I'm not sure why that's being mentioned. They paid for a token and they're going to get it. This hack does not affect them. CoinDash is even going as far as giving those who were scammed their tokens since it was their fault for having lax security on their website.

The only issue is that now the tokens will be devalued due to lack of faith in the project/developer, but to be fair there was never a promise of value in the tokens/ICO. You're buying on speculation that they'll be worth something and because you want to fund the project. If they turn out to be worthless, then you lost on that speculation.

If devaluing a token is wrong then Bancor was also wrong to keep selling over their promised limit (increasing their market cap and ruining good-faith with participants in the ICO). If anything this hack would normally increase the value of CDT because the market cap will be around 6m rather than the originally planned 12m (meaning more room for profit for investors).

Once again the real issue is CoinDash earning our trust again somehow. If people have no faith in the project/devs then the tokens will become worthless. This is coming from someone who is $30,000 deep in this mess. I obviously want CoinDash to recover so I don't end up losing my investment. They have a LONG way to go to earn our respect/trust again though...

The whitelist should receive a refund if they wished due to the incompetence of the team.  For someone who dumped 30k into this, you sure don't know much about numbers.  You're saying the marketcap is 6million now instead of 12million so the CDT are worth more now?  That is false.  Your 30k is now worth 15k if the marketcap is cut in half.  The number of CDT are fixed at 1 billion.  So if marketcap goes down, each CDT goes down.  

[Qiuyue201]

LOL, devs are not writing anything instead of explaining how those who want to refund their whitelist coins can refund, so the rest can continue the project.

[Betfair]

wtf is wrong with these people
they are still sending money to hackers address

https://etherscan.io/tx/0x2162b224ef2fe2bbf22225d0a0e0cbc3f9e8fb3f7d2d78e4d92470e112d604d4

[YIz]

The CoinDash team should contact ALL exchanges and the FBI. Make sure this guy doesn't get his ETH exchanged.

[trademark]

I wouldn't be surprised that this is an inside job, interrogate the webmaster and all his friends and family.  The site is available in multiple languages, so there are probably more than one webmaster. 

[killerjoegreece]

The Greek translation has been updated.


https://bitcointalk.org/index.php?topic=1914707.msg20198958#msg20198958

[S.Naka]

I wouldn't be surprised that this is an inside job, interrogate the webmaster and all his friends and family.  The site is available in multiple languages, so there are probably more than one webmaster. 

I Love china rules:
http://bitcoinchaser.com/ico-scams-china

[prentopros]

I am not getting why there is so much of a panic. The developers offered to issue reimbursement in tokens. Tokens are what you wanted to receive in exchange for your money. It seems fair enough because you paid for tokens and still received them. Yes, the tokens became less valuable at the moment. But that is where your risks were resting - the market. Moreover, you have tokens, and the project you trusted is still alive and promising.

[blocks.explorer]

The DEVS should contact Vitalik Buterin to have another fork of Ethereum to recover the "hacked" ICO funds.


This HACK claim could be an insider job. They should thank all the "investors" for giving them $7 million to for their summer holidays.

[bitcoinbox]

I am not getting why there is so much of a panic. The developers offered to issue reimbursement in tokens. Tokens are what you wanted to receive in exchange for your money. It seems fair enough because you paid for tokens and still received them. Yes, the tokens became less valuable at the moment. But that is where your risks were resting - the market. Moreover, you have tokens, and the project you trusted is still alive and promising.

What is the point having tokens from a project which has no funds anymore for development? The project is still alive? For how long?