But you don't, Dev said funds have to be released before white paper is released, so you risk losing everything.
From what i understood, Annon is going to give the bitcoin to the dev once he started distributing the eXocoins to investors
My understanding is that mr exo_coin has agreed to use me as escrow as well. So i believe what will happen is that he will transfer the exo to me in batches and then i will in turn release the equivalent amount of bitcoins to him. This process will continue until all of the exo and all of the btc have been transferred.
Hey guys,
So do we even know under what terms will you release the BTC?
I am just trying to recapitulate in short what's going on here so bear with me. I am in no way trying to bash this IPO,
I am actually still thinking about investing since there is more than 12 hours left. I am just trying to be objective and realistic.So we have 2 guys that started a new coin and they claim this will change a crypto scene. Pretty bold statements but so far so good. They claim there is a third guy as well with a new profile but OK he never showed up in this thread. Exo coin is a new member/new profile. He seems to lead the dance. Exokk is a second Dev who made his profile in the mid December just about the time I made my profile, so complete newbie. By looking the history of his posts yoou can see that he is a complete newbie since it is clear that he doesn't know a thing about crypto currencies. He had a wallet for every single bullshit coin and was leaving his addresses in giveaways for free coins. He was also into mining. OK, now I start not to like this, is it possible that one such guy will write or be a part of writing new code for coin that will be best in the world? Just to remind you the 3rd DEV never showed up.
Ok so they started a thread that was dead for over 3 weeks. When they saw this they postponed the end of the 1st round and release of the whitepaper with the excuse that the whitepaper wasn't done in time. OK it might be, but to me it seems that they just knew that the IPO is a total fiasco and they postponed it by 1 week.
Right about this time the best thing for them happens. Anon136 shows up and starts interest into this coin. Anon, who has amazing reputation on this site. By showing his interest he gets many NXT members with him to show interest into this thread (I am one of them). After this, the IPO explodes.
There is about 150 BTC altogether of investment so far. I did a calculation and maybe I am off for 5 BTC, but even 145 is a lot. We can just round it to 150 BTC. Of this Anon is holding about 90 BTC in escrow.
So to recapitulate my little recapitulation what are possible outcomes?
1. Everything goes as planned. We get the coin and everything works. They are not the scammers. Great!
2. After tonight they disappear like Visacoin guys did. You might say but Anon is holding our BTC. Ok great, but what about 60 BTC in their
BTC and LTC addresses? This is about $35,000at the moment. Pretty nice sum you have to agree especially for someone that was begging for every single coin just 2 months ago.
3.They try to screw everybody even Anon and pick up all 150 BTC and probably more until tonight at 23:59. Now I am asking you all is this possible? Anon? What are the terms? Will we see the whitepaper first before you release funds so we can decide this is legit or not? Will you get coins first and then release BTC? And if you do get coins does this mean anything? Does this number of 15,000,000 means that we have a legit coin that they have promised will change the crypto scene or this is just some clone coin or whatsoever? Is this hard to do? I am asking you because I am not too tech savvy to know is this possible?
When I get answers to these questions I will decide will I invest or not. And please, after you read this and you go to leave a reply please remember that I am not here to bash all of this. I am also a potential investor but just very careful one. Many people missed the NXT boat, me too personally and now are jumping to anything just not to miss another boat. I don't wanna be greedy and in this way lose my hard earned money, that is why I am writing this and investigating. Let's face it, there is just a lot of scam out there.
Thanks all!