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Author Topic: 🔥🔥[ANN] Cointed ICO | 180 mio$ revenue | 100k GPUs | 100+ Bitcoin ATMs 🔥🔥  (Read 11758 times)
DibiaVxosis
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October 21, 2017, 06:04:59 AM
 #41

This ICO trying to raised too much money. Beware!

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October 21, 2017, 06:05:54 AM
 #42

Let me sum things up:

- Fraudwarning in newspaper
- Fraudwarning from experienced Forum Members with Herostatus
- 100% Fake followers on Facebook
- Censorship of Reviews
- Huge Fight with the only confirmed partner GB (witch is a credible palyer in the crtypto community with a very good reputation)
- No proof for any up and running mining farms (exept some pictures of rigs standing around in a warehouse)
- Fee Manipulation
- Lies about claiming the BT ATMs are Cointed ATMs
- Lies about Revenue/Turnover
- Lies about amount of ATM Locations (at least not willing to provide proof)
- Lies about having a developed Mining Hardware together with Nvidia. (And pretending to have a non disclouser Agreement after anouncing it themselves)
- Lies about Online Traffic on theire site.
- Lies about developing theire own software.
- Lies about developing theire own ATMs.
- Censoring all channels, deleting old profiles and creating new ones
..... that list could go on forever....
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October 21, 2017, 06:55:56 AM
Last edit: October 21, 2017, 07:16:53 AM by BlueChipper
 #43

The list of accusations against Cointed seems actually to be a very long one from many different sides and points of view.

I just would like to point out that I have not made any accusations but only stated what the initial investor, co-founder of Crypto Unity OG and director stated to me. I am pretty sure that he knows what he is talking about as he paid for the first servers and allowed to set up Crypto Unity OG and is an experienced investor as well as an honest guy.

I can see absolutely no transparency at all and most of the recent ICOs have been provided way more information, especially when going for so much money. To be transparent it definitely needs more information:
  • no detailed information is given on the past corporate transactions and the corporate structure and which entity owns what exactly. The former Crypto Unity OG shareholder has been bought out after a few issues and insists that he agreed with you to dissolve the company. That's his view but maybe he has the same misunderstanding with you like some other guys?
  • obviously Crypto Unity OG still exists with new shareholders, it isn't shown yet in the Commercial Register, right? Furthermore, it isn't shown that Cointed GmbH is owned by Cointed Ltd in Hongkong, right? You shouldn't call this transparent, I guess.
  • no proof is given on the revenue numbers  of the past years that make the "key difference* to other ICOs. This should clearly be the case if you guys go for so much funds. The number we know is ZERO hence you have to provide the proof for your *key differentiator" to be transparent.
  • Being an Austrian company with operations in Austria and Sweden and setting up a Hongkong Shell company as holding is not transparency at all, it's hiding or tax avoiding or regulation issues of whatever. With EUR 100M revenue in the past you must be a huge tax payer
  • you are not delivering details on the investors in the mining business and details to the investment concept. According to the former director, there are some tax/legal/regulatory risks associated with it. This should be transparently explained I guess.

We are working on an analyzing blog post on the Cointed ICO and its background on Medium and LinkedIn and this forum really provided a lot of input. Thx for that.

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October 21, 2017, 12:21:25 PM
Last edit: October 21, 2017, 02:26:09 PM by BlueChipper
 #44

Update on Cointed's corporate structure that is not in line with the White Paper. Hence, the White Paper is simply wrong public information. As of today the Commercial Register
  • doesn't show a Hongkong-based company as a shareholder. Hence, legal-wise the Austrian Cointed GmbH belongs to the shareholders Christoph Rieder with 90% and Wolfgang Thaler with 10% and not to Cointed Ltd
  • doesn't show that the Austrian Cointed GmbH or the Hongkong Cointed Ltd is a shareholder in the Crypto Unity OG, hence it doesn't own the mining business.
Based on the information provided by the Austrian Commercial Court the Hongkong Cointed Ltd is neither shareholder of the Austrian Cointed GmbH nor of the Crypto Unity OG and hence Cointed Ltd doesn't own the business or the shares of any of the companies. This is in strict contradiction to the White Paper and leaves the token holders without assets.

Furthermore, the Crypto Unity OG shareholder and director we spoke with has confirmed to us (and will do this before any court) that he agreed with the other shareholder Charli AHO to dissolve the company and that AHO and his tax adviser have been instructed and agreed to do so. Obviously, this hasn't happened and thus he will take the necessary legal actions on Monday.

But maybe it's all just another misunderstanding and the guys just forgot to update the Commercial Court in time. In any way it's definitely not transparency, I guess.

See the screenshots below were delivered to us by an authorized person today:




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October 21, 2017, 08:08:33 PM
Last edit: October 21, 2017, 08:56:42 PM by cointed_official
 #45

Let me sum things up:

- Fraudwarning in newspaper
- Fraudwarning from experienced Forum Members with Herostatus
- 100% Fake followers on Facebook
- Censorship of Reviews
- Huge Fight with the only confirmed partner GB (witch is a credible palyer in the crtypto community with a very good reputation)
- No proof for any up and running mining farms (exept some pictures of rigs standing around in a warehouse)
- Fee Manipulation
- Lies about claiming the BT ATMs are Cointed ATMs
- Lies about Revenue/Turnover
- Lies about amount of ATM Locations (at least not willing to provide proof)
- Lies about having a developed Mining Hardware together with Nvidia. (And pretending to have a non disclouser Agreement after anouncing it themselves)
- Lies about Online Traffic on theire site.
- Lies about developing theire own software.
- Lies about developing theire own ATMs.
- Censoring all channels, deleting old profiles and creating new ones
..... that list could go on forever....

First let me say, that it is interesting to say the least, that we are providing answers to all your accusations. You however don‘t find it worthwhile to comment on them. Instead you only bring up new and wrong accusations without providing proof or simply repeat the same accusations again. The reader has to decide for themselves why you behave that way. It is clear that all your posts are not objective but clearly subjective and in a negative, destructive spirit.

Nevertheless, for the sake of transparency, we will continue addressing them:

- Fraudwarning in newspaper
In the article you mention, there is no warning of fraud at all. They only reported the accusations from our former business partner GB and the very comments you posted in this thread. The same newspaper posted an article from our point of view, which can be found here where we explicitly dispute all allegations: https://www.derbrutkasten.com/a/schmutzkuebelkampagne-cointed-wehrt-sich-gegen-vorwuerfe/
In addition, Cointed gave a live video-interview to this newspaper today for the sake of complete clarification, which can be found here: https://www.facebook.com/derBrutkasten/videos/1968866463337243/
So far, GB refused to react to any of our statements.

During this interview, we also invited the same newspaper - https://derbrutkasten.at - to come and visit our mining facilities in Sweden to give the community an unbiased view and to prove that we have nothing to hide. More information will be coming in the next 2 weeks!


- Fraudwarning from experienced Forum Members with Herostatus
We answered all concerns of the mentioned user and are patiently waiting for further comments.
But I am glad you mentioned the issue of warnings from users. We think it is important for the community to know who is actually behind those accounts.
When checking the trustworthiness of the user Zeroxal, one can find a review that leads to this interesting statement of the user himself  where he admits to tax fraud: https://archive.fo/Q916h
 

- 100% Fake followers on Facebook
Every company, has to deal with this problem. It is true that we advertised our facebook page in those countries, which is completely legitimate way to reach potential customers. A look at our whitepaper will reveal, that expanding to Africa is one of our core goals, since cryptocurrencies are ideal for markets where financial infrastructure is still underdeveloped.
The statement that 100% of our followers are fake is an exaggeration of incredible dimension.


- Censorship of Reviews
Already addressed, you refused to provide prove.


- Huge Fight with the only confirmed partner GB (witch is a credible palyer in the crtypto community with a very good reputation)
A statement regarding the GB situation can be found on the first page of this thread and in the article and video posted above. We will also invite GB to a roundtable discussion. The fight was never intended by us and we didn’t start it as mentioned time and time again already in this thread. Cointed is very disappointed in GB for taking these steps. This point has been addressed multiple times.


- No proof for any up and running mining farms (exept some pictures of rigs standing around in a warehouse)
As mentioned before, a camera team from https://derbrutkasten.at has been invited to visit our mining farm in Sweden. At this mining farm alone, Coitned operates 16,000 GPUs, which are up and running at this point. Stay tuned for the video! (and thank you for providing the publicity!)


- Fee Manipulation
Already addressed, you refused to provide prove.


- Lies about claiming the BT ATMs are Cointed ATMs
Which lies? We bought the ATMs and always paid our bills on time, even stated by GB in the private letter they decided to post on their site. They belong to us. We have already provided proof of our own new ATM prototypes which are not only owned, but also produced by us: https://imgur.com/a/COt41


- Lies about Revenue/Turnover
Again no lies. The 180$mio dollars are a low estimate for the end of this fiscal year.
We are willing to admit that these numbers were communicated poorly. We will be able to prove this with our balance sheet at the end of the year. Sceptical investors are invited to revisit this ICO at the beginning of the next year when this information will become publicly available.


- Lies about amount of ATM Locations (at least not willing to provide proof)
Please go to the website https://coinatmradar.com/operators/ where you can find 51 listed already. A look at our facebook page https://www.facebook.com/cointed/ will reveal that we installed !!18 ATMs!! in the last 10 days alone. GB also said themselves in the private email they decided to publish that we bought 73 ATMs from them alone. In addition, 5 BITXATMs, 5 GENESIS ATMs and 15 new Bitcoin ATM „X“ Machines are owned by Cointed, with more models ordered already.

Regarding the ATMs that have not been listed publicly they:
1. Are at private clubs, which can only be accessed by members of the club
2. Still need to be shipped out (I just received word that a new ATM has arrived in Mallorca/Spain!)
3. Are prototypes which have been developed and produced by Cointed and are now being tested


- Lies about having a developed Mining Hardware together with Nvidia. (And pretending to have a non disclouser Agreement after anouncing it themselves)
Already answered, you are repeating yourself to inflate the list of unbased accusations


- Lies about Online Traffic on theire site.
Already addressed, refused to provide prove.


- Lies about developing theire own software.
Already addressed, refused to provide prove.


- Lies about developing theire own ATMs.
Already addressed, pictures of our prototypes have been posted multiple times: https://imgur.com/a/COt41
The GeneralBytes drama you keep citing is entirely because we are producing our own ATMs, as GB says themselves in the private email they decided to pusblish. This makes your point not make a lot of sense I am afraid. It seems like you are running out of accusations you are able to make up.


- Censoring all channels, deleting old profiles and creating new ones
That is a new one which again, you refuse to provide any proof for.
If you mean the Cointed OG account, a short Google check will reveal that the Cointed OG has been closed over a year ago. I don't think that you mean this account though because it would not make sense to talk about the account of a company that no longer exists.


It is obvious that you are just flinging dirt and hope that something sticks. You don’t care that all these points have been thoroughly discussed and just keep repeating them without addressing our answers in any way, shape or form.

We are happy to engage in a healthy discussion. However, so far it seems like the only thing you are interested in is to inflict the biggest economical damage. I am sure it makes the community wonder what your motivation actually is...

Cointed - The future of money www.cointedtoken.com
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October 22, 2017, 09:10:42 AM
 #46

Let me sum things up:

- Fraudwarning in newspaper
- Fraudwarning from experienced Forum Members with Herostatus
- 100% Fake followers on Facebook
- Censorship of Reviews
- Huge Fight with the only confirmed partner GB (witch is a credible palyer in the crtypto community with a very good reputation)
- No proof for any up and running mining farms (exept some pictures of rigs standing around in a warehouse)
- Fee Manipulation
- Lies about claiming the BT ATMs are Cointed ATMs
- Lies about Revenue/Turnover
- Lies about amount of ATM Locations (at least not willing to provide proof)
- Lies about having a developed Mining Hardware together with Nvidia. (And pretending to have a non disclouser Agreement after anouncing it themselves)
- Lies about Online Traffic on theire site.
- Lies about developing theire own software.
- Lies about developing theire own ATMs.
- Censoring all channels, deleting old profiles and creating new ones
..... that list could go on forever....

First let me say, that it is interesting to say the least, that we are providing answers to all your accusations. You however don‘t find it worthwhile to comment on them. Instead you only bring up new and wrong accusations without providing proof or simply repeat the same accusations again. The reader has to decide for themselves why you behave that way. It is clear that all your posts are not objective but clearly subjective and in a negative, destructive spirit.

Nevertheless, for the sake of transparency, we will continue addressing them:

- Fraudwarning in newspaper
In the article you mention, there is no warning of fraud at all. They only reported the accusations from our former business partner GB and the very comments you posted in this thread. The same newspaper posted an article from our point of view, which can be found here where we explicitly dispute all allegations: https://www.derbrutkasten.com/a/schmutzkuebelkampagne-cointed-wehrt-sich-gegen-vorwuerfe/
In addition, Cointed gave a live video-interview to this newspaper today for the sake of complete clarification, which can be found here: https://www.facebook.com/derBrutkasten/videos/1968866463337243/
So far, GB refused to react to any of our statements.

During this interview, we also invited the same newspaper - https://derbrutkasten.at - to come and visit our mining facilities in Sweden to give the community an unbiased view and to prove that we have nothing to hide. More information will be coming in the next 2 weeks!


- Fraudwarning from experienced Forum Members with Herostatus
We answered all concerns of the mentioned user and are patiently waiting for further comments.
But I am glad you mentioned the issue of warnings from users. We think it is important for the community to know who is actually behind those accounts.
When checking the trustworthiness of the user Zeroxal, one can find a review that leads to this interesting statement of the user himself  where he admits to tax fraud: https://archive.fo/Q916h
 

- 100% Fake followers on Facebook
Every company, has to deal with this problem. It is true that we advertised our facebook page in those countries, which is completely legitimate way to reach potential customers. A look at our whitepaper will reveal, that expanding to Africa is one of our core goals, since cryptocurrencies are ideal for markets where financial infrastructure is still underdeveloped.
The statement that 100% of our followers are fake is an exaggeration of incredible dimension.


- Censorship of Reviews
Already addressed, you refused to provide prove.


- Huge Fight with the only confirmed partner GB (witch is a credible palyer in the crtypto community with a very good reputation)
A statement regarding the GB situation can be found on the first page of this thread and in the article and video posted above. We will also invite GB to a roundtable discussion. The fight was never intended by us and we didn’t start it as mentioned time and time again already in this thread. Cointed is very disappointed in GB for taking these steps. This point has been addressed multiple times.


- No proof for any up and running mining farms (exept some pictures of rigs standing around in a warehouse)
As mentioned before, a camera team from https://derbrutkasten.at has been invited to visit our mining farm in Sweden. At this mining farm alone, Coitned operates 16,000 GPUs, which are up and running at this point. Stay tuned for the video! (and thank you for providing the publicity!)


- Fee Manipulation
Already addressed, you refused to provide prove.


- Lies about claiming the BT ATMs are Cointed ATMs
Which lies? We bought the ATMs and always paid our bills on time, even stated by GB in the private letter they decided to post on their site. They belong to us. We have already provided proof of our own new ATM prototypes which are not only owned, but also produced by us: https://imgur.com/a/COt41


- Lies about Revenue/Turnover
Again no lies. The 180$mio dollars are a low estimate for the end of this fiscal year.
We are willing to admit that these numbers were communicated poorly. We will be able to prove this with our balance sheet at the end of the year. Sceptical investors are invited to revisit this ICO at the beginning of the next year when this information will become publicly available.


- Lies about amount of ATM Locations (at least not willing to provide proof)
Please go to the website https://coinatmradar.com/operators/ where you can find 51 listed already. A look at our facebook page https://www.facebook.com/cointed/ will reveal that we installed !!18 ATMs!! in the last 10 days alone. GB also said themselves in the private email they decided to publish that we bought 73 ATMs from them alone. In addition, 5 BITXATMs, 5 GENESIS ATMs and 15 new Bitcoin ATM „X“ Machines are owned by Cointed, with more models ordered already.

Regarding the ATMs that have not been listed publicly they:
1. Are at private clubs, which can only be accessed by members of the club
2. Still need to be shipped out (I just received word that a new ATM has arrived in Mallorca/Spain!)
3. Are prototypes which have been developed and produced by Cointed and are now being tested


- Lies about having a developed Mining Hardware together with Nvidia. (And pretending to have a non disclouser Agreement after anouncing it themselves)
Already answered, you are repeating yourself to inflate the list of unbased accusations


- Lies about Online Traffic on theire site.
Already addressed, refused to provide prove.


- Lies about developing theire own software.
Already addressed, refused to provide prove.


- Lies about developing theire own ATMs.
Already addressed, pictures of our prototypes have been posted multiple times: https://imgur.com/a/COt41
The GeneralBytes drama you keep citing is entirely because we are producing our own ATMs, as GB says themselves in the private email they decided to pusblish. This makes your point not make a lot of sense I am afraid. It seems like you are running out of accusations you are able to make up.


- Censoring all channels, deleting old profiles and creating new ones
That is a new one which again, you refuse to provide any proof for.
If you mean the Cointed OG account, a short Google check will reveal that the Cointed OG has been closed over a year ago. I don't think that you mean this account though because it would not make sense to talk about the account of a company that no longer exists.


It is obvious that you are just flinging dirt and hope that something sticks. You don’t care that all these points have been thoroughly discussed and just keep repeating them without addressing our answers in any way, shape or form.

We are happy to engage in a healthy discussion. However, so far it seems like the only thing you are interested in is to inflict the biggest economical damage. I am sure it makes the community wonder what your motivation actually is...



Well if you would like me to comment each issue I will do so, although you have not been able to prove any singel argument. You are just claiming things without providing proofe. Anyway ,I will add a few lines to some of the (many) bullet point just to show you what I mean:


1.)
you say:
- 100% Fake followers on Facebook
Every company, has to deal with this problem. It is true that we advertised our facebook page in those countries, which is completely legitimate way to reach potential customers. A look at our whitepaper will reveal, that expanding to Africa is one of our core goals, since cryptocurrencies are ideal for markets where financial infrastructure is still underdeveloped.
The statement that 100% of our followers are fake is an exaggeration of incredible dimension.

comment:

It is not a "problem that every company has to deal with". Buying fake followers means that you engaged in a service to pay for a certain amount of followers. Thats a very shady thing to do because its only purpose is to look bigger/better as you are. It is easy to proofe by comparing the rate between amount of followers and amount of interactions. This ratio is not right on your site, thats a simple fact and your information does not provide any value to it.
Although you are right. 100% is a exaggeration, it is probably around 95-98% fake followers in reality.

2.) Lies about corporate structure turnover/revenue:

you claimed that as of 20.10.2017 your Cointed GmbH will be owned . 100% by your Hongkong limited. This simply false. The relevante documents have been posted already in this forum. As a consequence, your Tokenholders are holding tokens with no value. Thats a simple fact

Also turnover/revenue/profit is not existing until beginning of 2017. As stated in your public balance sheet. I posted this information erlaier. Your figuers ( 25m, 100m) are pure fantasy.

3.) Lies about mining capacity.
You are claiming that you have developed minining Graphigcards with Nvidia and that you have plus 100.000 GPUs up and running as of today.
Thats simple false. The only thing you have been willing to share sofar is pictures of a storage room with a few thousend GPUd standing around not making money. And your offer to invite journalists in a few weeks (when your ICO is over) is simply a joke. Why proofing anything after your ICO. If you are not willing to provide a simple screenshot of your miningpool with a simple picuter of your mining facilitys then the simply do not exist. (like hundreds of other scams in the cryptoworld)

4.) Lies about one of the biggest player in the crypto ATM Industry.
It is said how strong you try to blame GT for your own misbehaviour.

5.) Claiming to have "developed" your own ATM
It would be easy to prove that, just share your patents. The animation you shared can be made with a photoshop app on a simple mobile phone. Its no prove for nothing. (and for sure not for getting 120m USD!!!)

6.).... so many more things to say... but it makes no sense to continue as long as you are not willing to puplish the above mentioned documents. It would be simple and if you would have all they things you claim to have in place you could share it in a matter of minutes.

But I have the feeling that nobody will ever see any of these documents, company registers, mining farm pictures, patents, etc... because if you would have them you would have published it at the beginning of your ICO to ensure your investors that you are the real deal...

Please do not get back to me with empty words. They dont change nothing. Puplish the requested documents or save yourself the energy of posting a extensive reply with no content.

with love
ens
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October 22, 2017, 11:42:30 AM
 #47

I had also no good exprience with Cointed this year in spring.

First they were interested to install a ATM (General Bytes one way) with a contract of 0.5-1% commission. Then I agreed and one week later they asked me if it would be possible for me to buy the ATM.
I was asking then when I am buying the machine for myself what the conditions would be and the answer was "the same".

I got very angry and asked them that we already discussed the conditions and now they want me to pay 4.000 for installing am ATM in my shop.
The aswer was, that they ordered 10 ATMs at General Bytes and this is a liquidity issue for the company.....

My amazement was very big when I read in the news, that this company is performing an ICO with an actual turnover of a couple of million Euros turnover, when some months ago an investment of 40.000 Euro was an issue... very surprising.
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October 22, 2017, 11:49:44 AM
 #48

You posted:
"- Lies about amount of ATM Locations (at least not willing to provide proof)
Please go to the website https://coinatmradar.com/operators/ where you can find 51 listed already. A look at our facebook page https://www.facebook.com/cointed/ will reveal that we installed !!18 ATMs!! in the last 10 days alone. GB also said themselves in the private email they decided to publish that we bought 73 ATMs from them alone. In addition, 5 BITXATMs, 5 GENESIS ATMs and 15 new Bitcoin ATM „X“ Machines are owned by Cointed, with more models ordered already."

I know one of the owner of BitXatm and he confirmed that BitXatm never sold one single machine to Cointed or the Austrian Market.

Huh
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October 22, 2017, 12:58:19 PM
 #49

1.)
you say:
- 100% Fake followers on Facebook
Every company, has to deal with this problem. It is true that we advertised our facebook page in those countries, which is completely legitimate way to reach potential customers. A look at our whitepaper will reveal, that expanding to Africa is one of our core goals, since cryptocurrencies are ideal for markets where financial infrastructure is still underdeveloped.
The statement that 100% of our followers are fake is an exaggeration of incredible dimension.

comment:

It is not a "problem that every company has to deal with". Buying fake followers means that you engaged in a service to pay for a certain amount of followers. Thats a very shady thing to do because its only purpose is to look bigger/better as you are. It is easy to proofe by comparing the rate between amount of followers and amount of interactions. This ratio is not right on your site, thats a simple fact and your information does not provide any value to it.
Although you are right. 100% is a exaggeration, it is probably around 95-98% fake followers in reality.

2.) Lies about corporate structure turnover/revenue:

you claimed that as of 20.10.2017 your Cointed GmbH will be owned . 100% by your Hongkong limited. This simply false. The relevante documents have been posted already in this forum. As a consequence, your Tokenholders are holding tokens with no value. Thats a simple fact

Also turnover/revenue/profit is not existing until beginning of 2017. As stated in your public balance sheet. I posted this information erlaier. Your figuers ( 25m, 100m) are pure fantasy.

3.) Lies about mining capacity.
You are claiming that you have developed minining Graphigcards with Nvidia and that you have plus 100.000 GPUs up and running as of today.
Thats simple false. The only thing you have been willing to share sofar is pictures of a storage room with a few thousend GPUd standing around not making money. And your offer to invite journalists in a few weeks (when your ICO is over) is simply a joke. Why proofing anything after your ICO. If you are not willing to provide a simple screenshot of your miningpool with a simple picuter of your mining facilitys then the simply do not exist. (like hundreds of other scams in the cryptoworld)

4.) Lies about one of the biggest player in the crypto ATM Industry.
It is said how strong you try to blame GT for your own misbehaviour.

5.) Claiming to have "developed" your own ATM
It would be easy to prove that, just share your patents. The animation you shared can be made with a photoshop app on a simple mobile phone. Its no prove for nothing. (and for sure not for getting 120m USD!!!)

6.).... so many more things to say... but it makes no sense to continue as long as you are not willing to puplish the above mentioned documents. It would be simple and if you would have all they things you claim to have in place you could share it in a matter of minutes.

1.
Every company, has to deal with this problem. It is true that we advertised our facebook page in those countries, which is completely legitimate way to reach potential customers. A look at our whitepaper will reveal, that expanding to Africa is one of our core goals, since cryptocurrencies are ideal for markets where financial infrastructure is still underdeveloped.
The statement that 100% of our followers are fake is an exaggeration of incredible dimension.
We are literally saying that we advertised in these countries and also explained why we did it. Addressed, but you decided to ignore it.

2.
Again no lies. The 180$mio dollars are a low estimate for the end of this fiscal year.
We are willing to admit that these numbers were communicated poorly. We will be able to prove this with our balance sheet at the end of the year. Sceptical investors are invited to revisit this ICO at the beginning of the next year when this information will become publicly available.
Additionally, instead of providing proof about the company structure ourselves, our financial advisor Deloitte will be the one providing documents, which will be verified by the independant newspaper derBrutkasten, which was said in this video I am sure you watched. Although, maybe you don't speak German because you misquoted the same newspaper earlier.

3.
As mentioned before, a camera team from https://derbrutkasten.at has been invited to visit our mining farm in Sweden. At this mining farm alone, Coitned operates 16,000 GPUs, which are up and running at this point. Stay tuned for the video! (and thank you for providing the publicity!)

Already answered, you are repeating yourself to inflate the list of unbased accusations
In one passage you critisize pictures, saying how easy they can be photoshoped, in the next you want to see screenshoots where you would siimply claim the same. Please tell us what is unsatisfactory about having an independent newspaper provide the proof.

4.
The GeneralBytes drama you keep citing is entirely because we are producing our own ATMs, as GB says themselves in the private email they decided to pusblish. This makes your point not make a lot of sense I am afraid. It seems like you are running out of accusations you are able to make up.
We stressed time and time again that we are unhappy with the way GB handlede the situation. Where did we blame them of anything at all or lied in any way?

5.
https://imgur.com/a/cVGOp ? The idea that you need a patent to prove that you are in the development stage of a product seems odd, to say the least.

6.
Not actually a point of criticism, just another point to inflate the list.


You original list of 15 points was reduced to 5, which have all been addressed previously.

I agree that the community has the right to see the documents and mining farms you mentioned and have already explained that it is not us who will provide that proof, but Deloitte (one of the biggest and most trusted financial advisors in the world) and derBrutkasten (an independent Austrian newspaper).

Your posting history consists entirely of harrassement in this thread. Please have the integrity to stop acting like your goal is to uncover something and just admit that you are trying to inflict economical damage.

Cointed - The future of money www.cointedtoken.com
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October 22, 2017, 01:51:26 PM
 #50

This is a good project, i will follow and support it!
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October 22, 2017, 02:02:57 PM
Last edit: October 22, 2017, 02:58:07 PM by Miningfarmer
 #51

I may say one THING to Cointed. Ia new here in this Forum. Christopher Rieder and Charli Aho are big liars and very arrogant.
They claimed they had the patent on Pandaminer as well as they had bought all the AMD chips. I know from 100% source that no contract with Nvidia exists and the claims were already forwarded to Nvidia and legal steps FOR SURE to be initiated in the near future.
I had tried to work with these people at Cointed but after a while I realized that they were big liar and blender and that neither contracts nor commitments were respected.
I'm sure the ICO of Cointed IS a Scam is all that is claimed in the Whitepaper is largely fictitious. I CAN ONLY PROMISE ANY WARNING AND NEVER TRUST THE PEOPLE BEHIND COINTED THEY ONLY WANT THE BEST FROM YOU, YOUR ETHER, TO SPEND IT FOR THEIR LIFESTYLE AND TRAVELLING FIRSTCLASS AND STILL KEEPING LIE TO PEOPLE. PLEASE BE AWARE!!!
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October 22, 2017, 04:02:34 PM
 #52

The ATMs does not all seem to belong to Cointed. Some belong to the shopkeepers.
Some shopkeepers payed a deposit of a few 1000 euros.
The Mining Hardware also belongs to Clients of Cointed.
Only a fraction-if anything at all-belongs to Cointed.
Its a fact that the ICO is issued by a Hongkong Limited that dont even owns the Austrian Business.

What could ever keep the issued tokens from being worthless?
140mUSD-keep that in  Mind!

In case you buy this token you dont hold any fraction of maybe existing assets(ATMs-Mininghardware...) of any company.

The owners of the token receive a 10% discount on a small exchange-well there are hundreds of exchanges that sell Cryptocurrencies at lower prices and far smaller spreads.
You get some discounts for further investing at cointed.

So to generate a value of 140Mio people should invest 1400Mio more?

Come on guys - at my local pub I receive a discount of more than 10% without buying tokens before....


This whole thing smells fishy...
 
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October 22, 2017, 04:19:30 PM
 #53

This is a good project, i will follow and support it!

He seems like a legit guy between all those shillers - i will definitely follow him and put all my life-savings into this ICO - hope to get 180 mio$ in return  Grin
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October 22, 2017, 04:23:09 PM
Last edit: October 22, 2017, 04:59:42 PM by BlueChipper
 #54

The whole issue around Cointed is getting more and more obscure. The simple truth is that the company and token issuer Cointed Ltd is not what it claims to be and doesn't own what it claims to own. Moreover, at least one company - General Bytes - officially claims IP infringements, right?

Cointed said in their White Paper and in several other public communications that they own Crypto Unity OG (mining business) and die Austrian Cointed GmbH and all other assets and that everything is already recorded accordingly. Last time they did so in their "Brutkasten Interview" yesterday or in their official answer to the General Bytes Open Letter:
Quote
Cointed Ltd. Is the official Mother Company of Cointed GmbH, and it is already entere das Shareholder.
Deloitte and KPMG are doing the Legal Staff in all Countries right now, and with Date 20.10 – Cointed Ltd is MOTHER of all Companies we have WORLD WIDE and we have much ... All Shares and Companies belong to: Cointed Ltd.

Fact is that the Crypto Unity OG still is owned by Charli AHO and the initial investor and hence they definitely do have this mining business in Cointed Ltd as purported in their White Paper:

Quote
Our subsidiary, the Vienna-based Crypto Unity OG, has been at the forefront of crypto mining developments since 2015, distributing custom-designed mining hardware for decentralised cryptographic networks - such as BTC, ETH, ETC, XMR and ZEC - as well as developing advanced BIOS and operating systems in-house.
This has been confirmed by AHO to the investor yesterday in a phone call. And the same is true for Cointed GmbH that is not owned by Cointed Ltd. See the official record of the Austrian Commercial Register above. The investor of Crypto Unity OG will take the necessary steps on Monday to reserve his rights and keep damage from him.

Cointed's public statements are simply false in the sense of § 163a StgB and a criminal offense. False public statements are punished with up to 3 years jail especially if you provide those false statements to raise funds. They claim that the token issuer Cointed Ltd has assets it hasn't and hence they provide a false statement of assets to potential investors.

It's sad to see how ICOs are done and how careless teams are asking investors for up to USD 120.000.000. I mean, that's really big money. Look what's just happening to TEZOS with the upcoming legal procedures and litigations. There will be a lot of litigations around other ICOs too. So be careful with your investments especially when there is so much uncertainty.

Stay tuned, we will finish a comprehensive blog post ON Cointed and the team on Medium and LinkedIn tomorrow with all legal data and pieces of evidence.


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October 22, 2017, 04:39:40 PM
 #55

Hi
I am a Cointed customer since 2016. So far I never had any problems with them. I always got what I ordered.
Because of this experience I invested in the Pre-Ico after checking the Whitepaper . I invested in other Pre-Ico's as well like TenX and Qvolta.
Why ? I am interested in a project which provides a solution for a daily use of cryptocurrencies. Exchange/Card etc
Cointed is -so far as I know- the first ICO with the Crypto ATM's.
After checking a lot of ICO Whitepapers and Business structures I came to the conclusion that this is completly irrerelevant as you do not get a share/dividend/voting right or whatsoever !
So I don't understand the useless discussion about Hong Kong , Austria etc. It is for my understanding just the place where Ico's are not regulated.(Singapore,Cayman's, HK )
Ico's are investments in a black box, take the risk of invest in something different. Maybe a share of Snap Inc which has no revenues at all since years!
If you have personal interest or revenge feelings stay out of the forum please !
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October 22, 2017, 04:49:28 PM
 #56

Landing applications explained in more detail, but also a good direction, but the price is somewhat expensive, I may be an air drop, then, now there is no relevant activities?
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October 22, 2017, 04:50:46 PM
 #57

After checking a lot of ICO Whitepapers and Business structures I came to the conclusion that this is completly irrerelevant as you do not get a share/dividend/voting right or whatsoever !
So I don't understand the useless discussion about Hong Kong , Austria etc. It is for my understanding just the place where Ico's are not regulated.(Singapore,Cayman's, HK )
Well, you are right. You are not getting shares but you have to rely on the token issuer in an ICO that he actually has the assets he claims to have otherwise its a fraud. You are an investor and you need to trust the information provided. Even ICO investors are protected by law and ICO teams are held responsible by law. Nothing changed in this respect.

If a third party claims that an ICO team infringes its Intellectual Property as General Bytes does in this case, I think it's more than fair to discuss this at length?

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October 22, 2017, 04:57:27 PM
 #58

You are not getting shares but you have to rely on the token issuer in an ICO that he actually has the assets he claims to have otherwise its a fraud

So if get this right: Every ICO without any assets -as they have just a good idea/knowledge , are fraudsters ? How can you prove that for example TenX will invest all the funds as explained ?
Ico investors are protected by law ? please explain this in more detail
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October 22, 2017, 05:01:36 PM
 #59

You are not getting shares but you have to rely on the token issuer in an ICO that he actually has the assets he claims to have otherwise its a fraud

So if get this right: Every ICO without any assets -as they have just a good idea/knowledge , are fraudsters ? How can you prove that for example TenX will invest all the funds as explained ?
Ico investors are protected by law ? please explain this in more detail
No, that's not what I am saying. If you claim to have assets like shares or IPs and you don't have them that's a fraud. If you have nothing but a great idea and make an ICO with this great idea then this is fine, absolutely. This is honest.

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October 22, 2017, 05:08:42 PM
 #60

Ico investors are protected by law ? please explain this in more detail
In most jurisdictions, the law demands that a company and its representatives must not issue false information about their assets, revenues, financial situation etc. If they do so they will be held liable by the law/prosecutors. It doesn't matter if they issue securities or tokens (that may be securities). That's just one example how the law protects investors. Currently, there is an intense discussion in most jurisdictions about the law and regulation around ICOs to protect investors and punish scams and frauds.

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