I would like to comment on the whole situation regarding scam accusations.
The plan was to offer 7m coins and let the market decide how much coins will be bought. However, some people have demanded to abolish this approach and limit the supply by destroying coins. 3.5m coins were destroyed shortly after. 14 hours before the ICO end we have asked Bittrex to destroy additional 1.5m coins as we were concerned about the potential last minute hype. However, this was not coordinated properly and the coins were not destroyed. To our surprise, last minute hype happened and the ICO was sold out. This is not necessarily bad, however it created a situation that many investors bought into the ICO hoping for the price to rise immediately after which didn’t happen.
We would like to remind everyone that the ICO was about selling a stake in our ClusterCoin idea, which we still have to develop. It was not about making a quick buck for ICO investors and we are thankful to those that believe in the idea. We are committed to realize our plan but it needs time and the things cannot be done in 1 or 2 days as some of you are demanding. Moreover, the current scam accusations are making it harder to focus on the development as a lot of time is devoted to read and clean the mess that is going on. Please, let us develop the coin and put aside groundless accusations. It is not easy to deliver a plan we have set forth and by no means is it a sure thing. However, the current situation is making it much more difficult If you have invested in the coin because you like the idea please be patient, we will release updates as they become available. Any posts that are not development related will be moderated.
Thank you for your understanding.
Why did not you react relative to FUDs for 48 hours.
I've invested 10 BTC and now I've 2 or 3BTC.You must find Appropriate response before this event.
Accept that you were frightened and you're the culprit.
I agree mostly. What's annoying is that the team behind Sys who had a very similar launch were totally active for the last week. Hundreds of BTC-Talk posts.. Tweets, IRC, you name it. Whereas here....... There has been I'm sure everyone will agree a big lack of communication. Even simple stuff like, who's account you're using, tweeting some comforting information. @Danosphere and @SnipSnoop over in the Syscoin thread would bend over backwards to prove how legit they are.. Hell, they even linked their Facebook profiles on their website. Whereas here.... Who are you Essex? Where is your Facebook account? Where are the videos of the dev work? I'm not calling you a liar, but you aren't doing much to convince people of the merit of your word.
These days, a good logo and an awesome whitepaper don't sell units. Confidence and whales do. No matter how much you want to rise above speculative comments in this thread. That is what the people want to restore confidence in YOUR product.
