First, I wanna say that I do really appreciate @Nick and @Yohan for being willing to answer questions even when you’ve already been asked the same thing over and over every single day. And you have been very accommodating to the communities needs. Mucho appreciated.
Now onto issues:
I got a bonus and I wasn't even expecting one. Cool. Unfortunately, what isn’t cool, is the Paypie team said one thing and did another. Bonuses were supposed to go to the smaller contributors. But that's not what happened. The payee team did not release the bonus structure openly for everyone to review until right before the pre-sale started. At the time, I honestly didn’t think much about until now. Now when I really stop and think about it everything, it all seems kind of shady how this whole thing has played out.
So lets review:
This morning a email was sent out right before the crowdsale with this Note attached to the bottom:
“Note: we have signed a deal with a strategic partner for contributing to the platform's development in a long term commitment. The terms of the agreement are confidential and this partnership is one of the most valuable things that could have happened for the platform's progress. We just wanted to share that bit with the community before the pre-sale. Future looks bright!”
According to the white paper, 82,500,500 PPP tokens would be available for the crowdsale.
1ETH = 909 PPP tokens(0.0011 ETH = 1 PPP)
Smart Contract? Yes
82,500,000 PPP Max Hard cap for Crowdsale
4,500,000 PPP soft cap minimum req for crowdsale
27,500,000 PPP for Team and Advisors
55,000,000 PPP for Industry Reserve to help develop partnerships and future acquisitions to become a dominant market leader.
Accoring the the contract ETH provided to us today (0xf8A15b1540d5f9D002D9cCb7FD1F23E795c2859d) = (0xF821Fd99BCA2111327b6a411C90BE49dcf78CE0f)
61,082 ETH was contributed publicly which means 55,523,538 PPP tokens were bought publicly.
This leave 26,976, 462 tokens left that are unaccounted for.
Hypothetically, If everyone had gotten a bonus of 5%(we all know that didn’t happen) then that would then give contributors as a whole 1,348,823 PPP tokens. But that still would leave 25,627,639 PPP tokens left.
This begs the question, why wasn’t this transaction or set of transactions of roughly 26,976,62 PPP tokens recorded on the blockchain at the same time as and under the same contract address as the rest of the crowd sale?? And if this was a strategic partnership deal as stated in the thank you email this morning, then why didn’t the paypie team use the INDUSTRY RESERVE tokens of 55,000,000 to make this deal instead of taking from the crowdsale AND also at the same time renege on a earlier agreement of giving smaller donors a bonus?
The argument that giving everyone a bonus is not really a bonus is very shallow argument and a slap in the face to small investors. Because if going off of that logic, then I see no reason why Paypie shouldn’t have been able to stick to the original agreement which gave the smaller donors the bonus and none for the larger donors.
Also why did you feel that you had to make a SECRET NDA deal with business individuals to advance the company along? How are we to trust that you have investors and also future customer’s best interest at heart when nothing about the deal has been disclosed??? How is anyone supposed to be okay with that and be expected to just blindly trust you? This is a new era guys and what would have been acceptable in the old fiat, large corporation way of doing business, is NOT okay in the blockchain era. Blockchain requires transparency and the was the absolute opposite.
This wasn’t in the white paper guys and you need to make it right.
Until they give a proper response. I'm advising everyone to raise awareness.
-- If these unaccounted and missing coins were for private investors for partnership, why was it not allocated to the "partnership portion"?
