Yes, the refunds will be in ETH. ETH will be transferred to wallets containing HION tokens. If you transferred all HION to multiple wallets, multiple wallets will receive the refund.
Kind regards,
Handelion support team.
Topic: *** (Read 1815 times)
Dear Handelion token holders,
The Handelion ICO closed on the 31st of March 2018. The soft cap was not reached and the process of refunding HION tokens will start on 03.04.2018. All tokens will be refunded by 10.04.2018.
We have received B level CAP from private investors and keep developing our product. With our advisory board we are fully redesigning our approach towards funding and the market. Read more here.
Follow our channel and we will invite you into the next stage of our journey.
The Handelion ICO closed on the 31st of March 2018. The soft cap was not reached and the process of refunding HION tokens will start on 03.04.2018. All tokens will be refunded by 10.04.2018.
We have received B level CAP from private investors and keep developing our product. With our advisory board we are fully redesigning our approach towards funding and the market. Read more here.
Follow our channel and we will invite you into the next stage of our journey.
Handelion ICO is over
Dear colleagues, investors, crypto-enthusiasts and everyone who has been supporting and will support our project, dear friends!
We have not collected the necessary amount of funds for the project development.
As you remember we launched our project in the middle of 2017, when we clearly realized that the cryptocurrency became an integral part of our reality. Opportunities associated with distributed registries, the potential of smart contracts impressed our imagination. This idea has shown the prospect of a world with a new exclusively revolutionary approach to real deals financing, which we now call people’s or global factoring!
We made a decision to test attitude, the community would have towards our idea, and performed a pre-ICO.
The experiment had a very positive response: we were receiving enthusiastic letters, the community supported our idea, valued it as a “brilliant” one.
And very much due to that response we decided to go for the ICO and afford to launch crowdfunding.
After the pre-ICO we updated and modernized the design of the project and the site, refined the concept, performed a great amount of work with developers and the promotion team. But in this sphere also, not all tasks were completed quite smoothly; for example, our institutional investors were criticizing our bounty and bonus programs and regarded them as a barrier to investments in our project.
Thus, despite the fact that our idea was highly valued by investors and its potential was considered to be global, venture capital investors required us to reorganize the project and we decided to suspend it for the reorganization of our performance.
Together with VC and our new advisors we analyzed our actions and understood what should be improved:
1. First of all, our communication with institutional investors requires a sound amendment. We were too relied on the attractiveness of the idea and crowdfunding and practically were not communicating with the VCs. After the pre-ICO we expected the 10,665.761 ETH, exhibited as the soft-cap, easily to be collected, and the 54,818.534 ETH, the hard-cap, confidently reached. Yes, now we are completely aware and can recommend to everyone who would go for an ICO to start the whole process from communication with investors to come to agreement to reach with them 20–50% of the hard-cap and at least the soft-cap and only after that to run the ICO.
2. The second most important for us lesson was the understanding that we should have gone for the ICO with the only unique coin. The two coins, we offered, only confused our investor. We considered having two coins to be an advantage and thus ignored a simple rule: let it be as simple as possible
3. Besides, there should be an extreme precision in placing the emphasis in the description of our system. The complexity of explanation could have given an incorrect idea about the system functioning, making it interesting almost exclusively for the institutional investors, but not for the general public. The way we gave the explanations could also limit community’s perception of the of system growth potential, preventing from getting a complete picture of its advantages, benefits and revolutionary perspectives.
4. The Bounty Program also requires a radically different attitude. We considered that provision of the broad support paid for by our tokens would increase the reach of the target audience. In reality, it turned out that there were “professionals” that supported a lot of worthless accounts in social networks, which didn’t provide any return, and so, the fact that we were going to give away some coins free of charge, prevented serious investors to invest in our project. The same happened with discounts for the early purchase of coins. That didn’t attract the general public and deterred professional investors. Now we understand very well that the capital raising market, even if you use such a tool like the ICO, works differently and there are other rules to follow there.
5. We should also more clearly work out our policy of interaction with controlling authorities and KYC/AM processes.
6. We have already been developing a product that is the basis of our system. We can recommend any company that would seek funding, and/or would go for an ICO, to develop the product before the prototype or MVP.
The mentioned above factors already indicate that radical changes should be made in our work on the system and in providing funding for this work. To stop holding ICO in this situation will be a correct decision. And it will be stopped on March 31, 2018
Of course, all investors will have their invested funds paid back. It will be carried out from April 03, 2018. All repayments will be completed by April 10, 2018. As the repayments have been made the tokens will be burnt.
We have started already and within the coming two months we will be redesigning the concept. Our next actions will be as follows:
1. Perform all necessary amendments in accordance with the described above/. Including also a clearer description of the concept, a reorganization of the system technical description — leaving only one utility-coin instead of two; continue dialogues and reach consensus with the main investors before the beginning of the main ICO round.
2. Develop and implement a really working product before the beginning of meetings with investors. Our work on this point will be soon completed.
3. Decide whether to register a DLT company or to transfer the activity to Gibraltar or to Wyoming and whether we should register with the SEC. Perform all activities from the crypto-friendly zones.
4. Strengthen the team: attract more professionals in the issues of distributed registries, and smart contracts. We will pay special attention to marketing and promotion. We will work more professionally with investors and crypto-community.
5. Create a new brand to give investors a more accurate idea of the system and its possibilities.
6. Create a completely new Whitepaper and more carefully, actively and closely — better than in the previous project, — work with the community to show all the benefits and importance of our idea for us all.
7. Our work with the expert advisors has become more detailed and clear. We will go on working very closely with them and with the venture investors, which supported us, — to achieve exceptionally high outcomes.
So, we have been refining the concept and creating a new brand. And we will launch the updated project to the market within the next four months. After that, we are starting the road show, which will last for another three months.
We have already discussed both — the depth of the required corrections and the planned actions — with some of the potential key investors. They have confirmed their admiration for the idea, willingness to support the idea financially and that they have been waiting for our updated offer.
That is why our team has been working with an increased enthusiasm and the firm belief that we will launch our platform and make a revolution by offering the community a new, genuinely popular and truly global factoring.
Dear colleagues, investors, crypto-enthusiasts and everyone who has been supporting and will support our project, dear friends!
We have not collected the necessary amount of funds for the project development.
As you remember we launched our project in the middle of 2017, when we clearly realized that the cryptocurrency became an integral part of our reality. Opportunities associated with distributed registries, the potential of smart contracts impressed our imagination. This idea has shown the prospect of a world with a new exclusively revolutionary approach to real deals financing, which we now call people’s or global factoring!
We made a decision to test attitude, the community would have towards our idea, and performed a pre-ICO.
The experiment had a very positive response: we were receiving enthusiastic letters, the community supported our idea, valued it as a “brilliant” one.
And very much due to that response we decided to go for the ICO and afford to launch crowdfunding.
After the pre-ICO we updated and modernized the design of the project and the site, refined the concept, performed a great amount of work with developers and the promotion team. But in this sphere also, not all tasks were completed quite smoothly; for example, our institutional investors were criticizing our bounty and bonus programs and regarded them as a barrier to investments in our project.
Thus, despite the fact that our idea was highly valued by investors and its potential was considered to be global, venture capital investors required us to reorganize the project and we decided to suspend it for the reorganization of our performance.
Together with VC and our new advisors we analyzed our actions and understood what should be improved:
1. First of all, our communication with institutional investors requires a sound amendment. We were too relied on the attractiveness of the idea and crowdfunding and practically were not communicating with the VCs. After the pre-ICO we expected the 10,665.761 ETH, exhibited as the soft-cap, easily to be collected, and the 54,818.534 ETH, the hard-cap, confidently reached. Yes, now we are completely aware and can recommend to everyone who would go for an ICO to start the whole process from communication with investors to come to agreement to reach with them 20–50% of the hard-cap and at least the soft-cap and only after that to run the ICO.
2. The second most important for us lesson was the understanding that we should have gone for the ICO with the only unique coin. The two coins, we offered, only confused our investor. We considered having two coins to be an advantage and thus ignored a simple rule: let it be as simple as possible
3. Besides, there should be an extreme precision in placing the emphasis in the description of our system. The complexity of explanation could have given an incorrect idea about the system functioning, making it interesting almost exclusively for the institutional investors, but not for the general public. The way we gave the explanations could also limit community’s perception of the of system growth potential, preventing from getting a complete picture of its advantages, benefits and revolutionary perspectives.
4. The Bounty Program also requires a radically different attitude. We considered that provision of the broad support paid for by our tokens would increase the reach of the target audience. In reality, it turned out that there were “professionals” that supported a lot of worthless accounts in social networks, which didn’t provide any return, and so, the fact that we were going to give away some coins free of charge, prevented serious investors to invest in our project. The same happened with discounts for the early purchase of coins. That didn’t attract the general public and deterred professional investors. Now we understand very well that the capital raising market, even if you use such a tool like the ICO, works differently and there are other rules to follow there.
5. We should also more clearly work out our policy of interaction with controlling authorities and KYC/AM processes.
6. We have already been developing a product that is the basis of our system. We can recommend any company that would seek funding, and/or would go for an ICO, to develop the product before the prototype or MVP.
The mentioned above factors already indicate that radical changes should be made in our work on the system and in providing funding for this work. To stop holding ICO in this situation will be a correct decision. And it will be stopped on March 31, 2018
Of course, all investors will have their invested funds paid back. It will be carried out from April 03, 2018. All repayments will be completed by April 10, 2018. As the repayments have been made the tokens will be burnt.
We have started already and within the coming two months we will be redesigning the concept. Our next actions will be as follows:
1. Perform all necessary amendments in accordance with the described above/. Including also a clearer description of the concept, a reorganization of the system technical description — leaving only one utility-coin instead of two; continue dialogues and reach consensus with the main investors before the beginning of the main ICO round.
2. Develop and implement a really working product before the beginning of meetings with investors. Our work on this point will be soon completed.
3. Decide whether to register a DLT company or to transfer the activity to Gibraltar or to Wyoming and whether we should register with the SEC. Perform all activities from the crypto-friendly zones.
4. Strengthen the team: attract more professionals in the issues of distributed registries, and smart contracts. We will pay special attention to marketing and promotion. We will work more professionally with investors and crypto-community.
5. Create a new brand to give investors a more accurate idea of the system and its possibilities.
6. Create a completely new Whitepaper and more carefully, actively and closely — better than in the previous project, — work with the community to show all the benefits and importance of our idea for us all.
7. Our work with the expert advisors has become more detailed and clear. We will go on working very closely with them and with the venture investors, which supported us, — to achieve exceptionally high outcomes.
So, we have been refining the concept and creating a new brand. And we will launch the updated project to the market within the next four months. After that, we are starting the road show, which will last for another three months.
We have already discussed both — the depth of the required corrections and the planned actions — with some of the potential key investors. They have confirmed their admiration for the idea, willingness to support the idea financially and that they have been waiting for our updated offer.
That is why our team has been working with an increased enthusiasm and the firm belief that we will launch our platform and make a revolution by offering the community a new, genuinely popular and truly global factoring.
Great time to get HION.
Now is the perfect time to get HION tokens, as crypto currencies are trading at their lowest for the last few weeks. You still get the same amount of HION tokens when you swap against other crypto. And as crypto prices have fallen against fiat this means you get more bang for your buck, more crypto for your investment. Hurry up and get your HION tokens before the rocket ship turns around and get it back on course.
Now is the perfect time to get HION tokens, as crypto currencies are trading at their lowest for the last few weeks. You still get the same amount of HION tokens when you swap against other crypto. And as crypto prices have fallen against fiat this means you get more bang for your buck, more crypto for your investment. Hurry up and get your HION tokens before the rocket ship turns around and get it back on course.
Learn about the Handelion project firsthand. One of Handelions co-founders, Michael Dzhondzhua, is giving an interview to the Dutch bitcoinmagazine, explaining Handelion ecosystem benefits.
https://www.youtube.com/watch?v=czaY1QzsD40
https://www.youtube.com/watch?v=czaY1QzsD40
Any prototypes? Sounds great but would be nice to see how it works
Hi halykcoin,Thank you for bringing this question up. We are a few days away from unveiling our interactive demo website.
Michael Dzhondzhua, one of Handelions co-founders is giving speech at the Cryptoeconomy 2018 conference in Amsterdam.
The video is now available here: https://www.youtube.com/watch?v=TC9DM3uBsMg
The video is now available here: https://www.youtube.com/watch?v=TC9DM3uBsMg
Great efforts bring great results! HION scores higher than Telegram’s TON on ICO trackers!
ICO trackers deservedly highly appreciate real projects. The opportunity to use your crypto-assets in real transactions financing is obviously attractive! Here you can find the confirmation that our team, the Handelion project team, keeps showing more and more clearly how promising and how much in demand is the idea of the ecosystem we have been creating.
Here is how ICO trackers evaluate our work and perspective:
• FoundICO 9.6/10
• Icomarks 8.8/10
• Coinmarketplus 8.6/10
• TrackICO 4.8/5
And the dynamics of evaluations is positive: they keep growing steadily. So now it is high time to join the Handelion project.
You can make it here: https://handelion.io
ICO trackers deservedly highly appreciate real projects. The opportunity to use your crypto-assets in real transactions financing is obviously attractive! Here you can find the confirmation that our team, the Handelion project team, keeps showing more and more clearly how promising and how much in demand is the idea of the ecosystem we have been creating.
Here is how ICO trackers evaluate our work and perspective:
• FoundICO 9.6/10
• Icomarks 8.8/10
• Coinmarketplus 8.6/10
• TrackICO 4.8/5
And the dynamics of evaluations is positive: they keep growing steadily. So now it is high time to join the Handelion project.
You can make it here: https://handelion.io
Team is very impressive, the project looks like Trueflip.
Where can I get access to the whitepaper?
Where can I get access to the whitepaper?
Hello hmsrccoindd,
Our team highly appreciates your feedback. Please read the whitepaper here: https://drive.google.com/file/d/18BtBlD3WK65wyLIOf1tCP2Y00a_7T666/
Handelion expands its presence around the world
Dear token holders, like-minded individuals and companies, and crypto-enthusiasts! We are happy to report that our efforts to increase the number of regions covered has been successful and today on February 15, 2018 we will supplement our site with information in Chinese, French, German, Russian, Hindi, Korean, Spanish, Japanese and Vietnamese languages!
In addition, for further project development and support we have created JSC Handelion Foundation, where the further progress of ICO, implementation and expansion of the project will be coordinated.
Also, we are working on clearer and more comprehensible descriptions of the essence of our project, so that it will become absolutely clear that every owner of crypto-assets will be able to finance real business transactions, of course, with the personal benefit. In a couple of weeks we will unveil the demo-version of MVP planned to be ready by the end of 2018.
As you see, our ICO has been prolonged till March 31, 2018, which has been sagaciously provided by the smart-contract. And this all means that the project has been growing and you have a few more days to decide on investments into HION! However, you can complete this, of course, right now!
Dear token holders, like-minded individuals and companies, and crypto-enthusiasts! We are happy to report that our efforts to increase the number of regions covered has been successful and today on February 15, 2018 we will supplement our site with information in Chinese, French, German, Russian, Hindi, Korean, Spanish, Japanese and Vietnamese languages!
In addition, for further project development and support we have created JSC Handelion Foundation, where the further progress of ICO, implementation and expansion of the project will be coordinated.
Also, we are working on clearer and more comprehensible descriptions of the essence of our project, so that it will become absolutely clear that every owner of crypto-assets will be able to finance real business transactions, of course, with the personal benefit. In a couple of weeks we will unveil the demo-version of MVP planned to be ready by the end of 2018.
As you see, our ICO has been prolonged till March 31, 2018, which has been sagaciously provided by the smart-contract. And this all means that the project has been growing and you have a few more days to decide on investments into HION! However, you can complete this, of course, right now!
JSC Handelion Foundation for Handelion ecosystem sustainable development
A significant event occurred on January 17, 2018 for the development of Handelion. This event was the creation of JSC Handelion Foundation, Reg.No 40103931242, headquartered in Latvia.
The Board:
Chairman of the Board Dmitry Cheleby
Member of the Board Dzintars Veips.
Council:
Chairman of the Council Alex Petrov
Member of the Council Michael Bobkin
Member of the Council Michael Dzhondzhua
The joint-stock company is tasked with ensuring the constant and sustainable development of the Handelion ecosystem. Besides organizational development, the Handelion Foundation will address legal issues, solve complex tasks of reporting and provide the Handelion ecosystem with financial services during the formation stage.
The creation of the JSC Handelion Foundation provides the Handelion project with another factor of potential sustainable development.
Subscribe and join!
Yours sincerely,
Handelion Team
A significant event occurred on January 17, 2018 for the development of Handelion. This event was the creation of JSC Handelion Foundation, Reg.No 40103931242, headquartered in Latvia.
The Board:
Chairman of the Board Dmitry Cheleby
Member of the Board Dzintars Veips.
Council:
Chairman of the Council Alex Petrov
Member of the Council Michael Bobkin
Member of the Council Michael Dzhondzhua
The joint-stock company is tasked with ensuring the constant and sustainable development of the Handelion ecosystem. Besides organizational development, the Handelion Foundation will address legal issues, solve complex tasks of reporting and provide the Handelion ecosystem with financial services during the formation stage.
The creation of the JSC Handelion Foundation provides the Handelion project with another factor of potential sustainable development.
Subscribe and join!
Yours sincerely,
Handelion Team
From one end of Europe to the other, the Handelion team is going to St.Petersburg
With the Blockchain & Bitcoin Conference Gibraltar 2018 is over the Handelion has a short break before the final destination — Blockchain Conference St. Petersburg on the 13th of February. If you happen to be in St. Petersburg and want to meet the team, send us an email to [email protected] or drop us a line on our telegram channel https://t.me/handelionITO.
With the Blockchain & Bitcoin Conference Gibraltar 2018 is over the Handelion has a short break before the final destination — Blockchain Conference St. Petersburg on the 13th of February. If you happen to be in St. Petersburg and want to meet the team, send us an email to [email protected] or drop us a line on our telegram channel https://t.me/handelionITO.
do you have any working application in place?
The idea behind Handelion is based on a successful business tradebacking.com. The product website will be available in a few weeks and there you will be able to find a product demo.
Road trip to Handelion home ground
What do you thing about the “ICO 2018 Cryptoeconomy Amsterdam” that the Handelion team came back from? There Michael Dzhondzhua, Communications Director gave a short pitch about how Handelion will change the world of co-funded trade. Within the next two days we will upload the video of the presentation to our Youtube channel and the Handelion.io website.
And now it is time to get HION and prepare to meet us during the Riga Venture summit on the 7th of February 2018. Riga happens to be the place where Handelion is headquartered. Meet Handelion team at the Riga Venture Summit! And you are welcome to visit us at the Handelion office. Book a meeting just by sending an email to [email protected].
See you soon,
The Handelion team.
What do you thing about the “ICO 2018 Cryptoeconomy Amsterdam” that the Handelion team came back from? There Michael Dzhondzhua, Communications Director gave a short pitch about how Handelion will change the world of co-funded trade. Within the next two days we will upload the video of the presentation to our Youtube channel and the Handelion.io website.
And now it is time to get HION and prepare to meet us during the Riga Venture summit on the 7th of February 2018. Riga happens to be the place where Handelion is headquartered. Meet Handelion team at the Riga Venture Summit! And you are welcome to visit us at the Handelion office. Book a meeting just by sending an email to [email protected].
See you soon,
The Handelion team.
Hi, everybody!
Handelion ICO is already on ICOinRating.
You can support Handelion through voting for it - http://icoinrating.com/handelion/.
Handelion ICO is already on ICOinRating.
You can support Handelion through voting for it - http://icoinrating.com/handelion/.
Do you propose any profit and do not fear SEC?
Is it token type security or utility?
Is it token type security or utility?
Thank you for your question! For token holders it is really important so we will explain:
1) The HION token is being swapped for crypto currencies. Therefore, only a handful of regulations are related to this operation.
In our home country, there are no acts that regulate token exchange versus other tokens. Local regulating authority's opinion about the swap of tokens is that these are contractual means of payment or in other words a token swap is the barter, exchange of commodities. We adhere to this opinion. If some regulation of the token swaps appears, we will keep within the letter of the law.
2) HION allows token-holders to receive the HAND utility tokens, generated by the Handelion ecosystem. Thus HION is neither a security token nor a utility token.
Use this platform only in Estonia, Latvia and Lithuania? Can other countries take part? Why is this platform developing here? Will it work in Russia?
Hi slovenia1,
You will be excited to know, that the platform will be promoted in TOP 29 countries by their credit score and level of demand for trade funding. These countries include USA, China, Germany, Japan, UK, France (see the list on page 22 of the White Paper). Although Russia is not in the list, that only means that the Russia is reachable in a longer perspective.
Handelion cancels the bounty program
“When we first started the Handelion crowd-funding project, we took a look into token offerings and saw, that offering rewards for ICO promotion to crypto-enthusiasts was classic,” — the Handelion team explains. So they had started the crowd-funding in a classic way. Since 15th of December enthusiasts were offered to get rewards for promoting the Handelion project through the social media.
During the token offering campaign, the Handelion executives were meeting private investors and venture capitalists. They expressed a big interest in the project. But they also expressed concerns that the bounty program would dampen the HION token market price.
Indeed, observations show, that bounty campaign participants tend to monetize their rewards by swapping received tokens at a lower rate.
Another big reason why Handelion amended their plans regarding bounty program was the efficiency. “Only 11% of bounty participants were showing legitimate accounts and satisfactory activity. Now we are sharing these stats to crowd-funding program owners so that they can calculate efforts to support such a program”, — the Handelion bounty program manager says.
Starting from the 1st of February, Handelion discontinues the bounty program. On 31th of January all the bounty program participants were informed about the closure. Those who expressed satisfactory activity and submitted legitimate accounts were informed, that they would be rewarded according to their efforts and bounty program terms and conditions. Although the rewards would not be in HION tokens, but in one of the top crypto currencies. They were informed, that Handelion would keep collaboration with them to spread information about Handelion across the social media. Other (non-satisfactory) bounty program participants were informed about the cancellation of their participation and opportunity to dispute their cancellation.
The HION tokens, that were reserved for the bounty program participants, will join the distributable token pool.
Thus Handelion is protecting token-holders interests and HION swap rate and increases the efficiency of marketing efforts.
Kind regards,
The Handelion team.
“When we first started the Handelion crowd-funding project, we took a look into token offerings and saw, that offering rewards for ICO promotion to crypto-enthusiasts was classic,” — the Handelion team explains. So they had started the crowd-funding in a classic way. Since 15th of December enthusiasts were offered to get rewards for promoting the Handelion project through the social media.
During the token offering campaign, the Handelion executives were meeting private investors and venture capitalists. They expressed a big interest in the project. But they also expressed concerns that the bounty program would dampen the HION token market price.
Indeed, observations show, that bounty campaign participants tend to monetize their rewards by swapping received tokens at a lower rate.
Another big reason why Handelion amended their plans regarding bounty program was the efficiency. “Only 11% of bounty participants were showing legitimate accounts and satisfactory activity. Now we are sharing these stats to crowd-funding program owners so that they can calculate efforts to support such a program”, — the Handelion bounty program manager says.
Starting from the 1st of February, Handelion discontinues the bounty program. On 31th of January all the bounty program participants were informed about the closure. Those who expressed satisfactory activity and submitted legitimate accounts were informed, that they would be rewarded according to their efforts and bounty program terms and conditions. Although the rewards would not be in HION tokens, but in one of the top crypto currencies. They were informed, that Handelion would keep collaboration with them to spread information about Handelion across the social media. Other (non-satisfactory) bounty program participants were informed about the cancellation of their participation and opportunity to dispute their cancellation.
The HION tokens, that were reserved for the bounty program participants, will join the distributable token pool.
Thus Handelion is protecting token-holders interests and HION swap rate and increases the efficiency of marketing efforts.
Kind regards,
The Handelion team.
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