My thoughts on the Corion ICO

[errge]

Hey Guys,

I looked into Corion last week and wrote an article about my opinions and why I'm not taking a spot in this ICO.

Here is the article: https://github.com/nilcons/corion-opinion

Do you guys share my concern or do you think this is a good idea for flipping or for hodling.

Cheers!

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[shams]

Ok Thanks for the article I do not like to go for much ICO's but I will look into this. I have read your article first paragraph the concept of this coin is not too much attracting to me but I will do future research on this. Thanks for sharing your valuable knowledge.

[Mesterlovesz1974]

Valuable Knowledge?? Come on! He is just a jelous hungarian guy who want to spread lies and FUD about a real value project!

And here is our answer to his accusations:

This article was far away from any facts. Unfortunately, this hungarian guy is the same as most of the hungarians. He saw an ambitious project made by hungarian people and he imediatelly become jelous and spreading fud about it.
First accusation: we are collecting funds without any contract! Haha! 99% of the ICO do not have even one line of code when they do their ICOs! We promised to give the code during the ICO and now you are attacking us because we are a bit late with it. By the way at the moment CORION Platform is on the blockchain, you can check it anytime.
Corion can about the ICO at any time and keep 10%. Yes its written in the contract, but ICO will end within 3 days and we are still here.
Corion has no backup against the USD. precious Tether! Are you serious? Tether has problems because they have their USD in bank accounts and banks do not let them transfer it! So basically if you want to change tether to USD you can not do it from the reserve. Haha, really precious!
6.25% stability fund. You are obviously not a mathematician. 25% of the 49% is around 12.5% of the total funds. Furthermore, you are really did not read the whitepaper if you are saying that if the coin supply growth then there will be only this 500k USD the stability fund! Corion gives each and every participant from the daily coin release for free!! Therefore, the 500K what you calculated will be growing as well with the total supply so the 12.5% will always be the same % of the total supply.
ETC locked, price going down. As we stated before, it is only our problem, not the investors, I am really do not understand why you brought that up, and as we see ETC is stronger then ever so...haha again.
Founder accusation: next time, please be careful what you are saying. If you were a US citizen, now you will be in jail and sued because of that. Our founder was an employee at Questor, not in a lead position. There were no connection or police arrest against him ever! So please be very very careful what you are saying and who you are accusing!

Final thouths:

He, the valuable knowledge guy, did not warned us about these articles he created so we did not have the chance to answer them promptly.

[db71]

The CORION ICO is ended. The CORION foundation did keep their promises until now and there is a good wallet with some basic functionality. More features are coming and soon the CORION will be on Cryptopia as their first echange listing...