Topic: 🔥🔥[ANN] Cointed ICO | 180 mio$ revenue | 100k GPUs | 100+ Bitcoin ATMs 🔥🔥 - page 17. (Read 12703 times)

Guys once again. Cointed is a scamy lying company who said they have relationship with Nvidia its simply not true! That they have there own mining Farms since last year in Sweden its simply not true! I knew there former hoster personally and believe me they find no good words about them also the betrayed a lot of other people whom i know. Its everything reported to Nvidia and they was very surprised because they bought there graphic cards from an asian company and have no direct relationship to Nvidia nether to AMD what they also claim to have.

thank you

Hi Gizmotron,

please send an email with your order details to [email protected] we usually process all emails within 24 hours. Alternatively, you can post your phone number here so we can get in contact with you.

This is really a very good project and very interesting, I'm sure really with the project you are doing this. you have an amazing team and partners who are well known to the world. I can only say good luck dev.

hello,
Does the office of Cointed have a telephone number?
I have a pending order which has been in process for over 2 weeks by now.
Several tickets have been sent, but there is still no solution to my issue. I would like to call to sort out this problem.

Thanks

It pretty much looks like you try to find bad things all around, but nobody believes in your shit.
It seems like you are opinionated and only thing you want to do is harm Cointed.

Even people registered new accounts, just to debunk your FUD. Most people interested in the project don't even care about your BS.

Everybody can see that you don't work in the best interest of investors or anything else. It seems like you are fighting a personal fight against Cointed and most people that follow this thread already recognized your intentions.


Your FUD won't harm Cointed at all, only thing you gonna harm is yourself by pushing this agenda and losing credibility.

Cointed seems to be a transparent and good ICO, if I compare them to many other ICOs I've seen passing by.

Oh ch my good stupid  guys here!! Counted is a very good company with guys !!!
Which analysis? What are you talking about

Interesting, can you share your deep analysis please?

It pretty much looks as if those guys are buying their own ICO. This is what our deep analysis indicates!

I don´t know if I do this technically right - If not, please correct me. If I sort the incoming transactions to their contract address posted on github 0x230c2a140e758087f7107dd31943c5c03b819e55 there should have already been like ~$700k collected?

What I find is a bit strange are the big incoming transactions... who the hell would invest $200k worth of ether on this?

I fully agree with you. Most ICOs don't have any assets and are more or less scams. Unfortunately, Cointed Ltd obviously also owns nothing. It seems that they neither have mining servers nor shares nor all IP rights necessary to run the business as communicated. Cointed Ltd obviously neither owns Cointed GmbH nor the mining company Crypto Unity OG. Hence, Cointed Ltd as the token issuer and ICO promoter seems to be another ICO with no assets.

Despite my account status, I am not a newbie in the crypto scene but I usually read a lot but comment rarely. I do have a bigger mining farm and therefore know the pains one gets of starting one. So I have respect for anybody who undertakes such a big project.

I am kind of with ElioVP

Looking over the whitepaper they at least want to do something different which would help the community in the long run. (putting ATM’s into the Market will help the acceptance of
cryptocurrencies into mainstream)

And yes they are a new company in a new market where most people do not have any real life experience but that doesn’t mean they cannot get there and from what I see they
make big steps in the right direction.

Also from what I saw they do actually own hardware (assets) unlike other ICO’s which really only exist on paper.

I also know that they are running a optimized and customized OS as well as that they are having custom bios for their cards, I know because I know the person who wrote it 😉

Furthermore, their concept of mining contracts where a miner at least owns his/her machine seems to be a lot better than spending the same amount on money on a mining contract which gives only half the Hashing power without owning the hardware.

Regarding the comment about the location looks like a storage place, most of us started like this, again respect for coming up with ingenuity to transform this place into a farm and therefore saving your customers quiet a lot of money.

I for sure are watching this ICO, As ElioVP I am not a believer of ICO’s which only exist on papers, but this one has as least a feasible concept and assets.

Cheers!

Regarding the difference between hydrominer and cointed in your uunderstanding?

So i also did my check on hydrominer! Actually i also think that it is quite risky for the management of Hydrominer GmbH to issue Coins as long as the GmbH is not yet registered with the Austrian Commercial Court. But the risk is quite limited to any losses incurred between the day of the establishment of the company contract until the registration day (VORGESELLSCHAFT), afterwards the GMBH will be liable for the Coins issued. Hydrominer runs a voucher model: quite simple! you can exchange mining power in exchange for the vouchers. The people behind Hydrominer never issued any statements on big sales number achieved in 2015 and 2016 and they never claimed to move to Hongkong! resp. to issue the coins by using an asian company. When Hydrominer fails everyone knows that there is an Austrian company which can be sued! Quite simple. to sue an Asian company is much more difficult and the reason that Cointed ltd. moves to Asia in order to work the Asian market is not valid. Groups usually set up subsidiaries but do not move their headquarter to the Asian market. 

Regarding the token model:  hydrominer just issues voucher which can only be exchanged against mining power. The only problem which could result in their token being qualified as e-cash and resulting in big troubles with the FMA is their promise to get a listing on cryptocurrency exchanges (what will anyway probably never happen), but as long as the vouchers can not be used to buy services or goods from others the risk is limited. 

CoinTed describes in its white paper and in its public announcements that its coins can be used in a widely manner: other merchants and so on. So there is a very high risk to be qualified as e-cash and this means more than big troubles with a lot of different financial regulatory authorities in each country where such merchants will be located.

Both tokens/coins issued will not empower a decentralized network to be established.

ok
what about hydrominer? they don't even have a registration yet
Is this not alarming ?

You say:
I am a member of some blockchains groups that deal with "ICO Ethics" and "ICO Regulation" and we work hard to make our industry clean. For a simple reason - we want it work and we want the state and the regulators to stay out. But if scams and frauds are happening regulators and prosecutors have a very good reason to step in, don't they? Let's keep our environment clean and honest please and show no mercy with scammers and fraudsters.

So what is the difference between hydrominer and cointed in your uunderstanding?

Unfortunately, you are wrong. I am not the CPA (but we have mandated one to take a look into the matter to help our client in this case) but its my understanding that if Cointed OG would have been the predecessor company (the established business that Cointed claims to run since 2014) and would have been merged into Cointed GmbH (which is the way it works usually) this would be shown in the books, even in an "Eröffnungsbilanz" but the filed balance sheet isn't an "Eröffnungsbilanz" anyway.

Please read the post by @taxi. Seems strange that Cointed OG has been deleted and hence the business ceased officially. Where have all the customers, revenues, assets gone then? Why aren't they shown in the balance sheets? If they have gone elsewhere then Cointed has no right to claim to have an *established" business.

And still, the big question on the Crypto Unity OG remains open yet. Where are all the assets and the business that's claimed to be in Cointed Ltd? Off-Balance, Off-Shore? The public information provided by Cointed Ltd (?) claims to have all assets though!

As I said, we will post a detailed analysis on Cointed ICO n LinkedIn soon to have an open, fair and professional discussion. Please join us then.

I am a member of some blockchains groups that deal with "ICO Ethics" and "ICO Regulation" and we work hard to make our industry clean. For a simple reason - we want it work and we want the state and the regulators to stay out. But if scams and frauds are happening regulators and prosecutors have a very good reason to step in, don't they? Let's keep our environment clean and honest please and show no mercy with scammers and fraudsters.

I have not made any accusation myself. Many others have done that in inside and outside this forum. I tried to summarize, structure and present and I focused on facts - no rumours or emotions. From the insider information, I have got from people around Cointed, I have to doubt that they are a legitimate project or even an attractive one. From what I learned from my informants/clients you may expect some litigations around Cointed and maybe even criminal charges because of their false public information. Doesn't sound very attractive to me.

BlueChipper
this is the so called Eröffnungsbilanz which of course can not show much as the Biz just started. I'm sure you know this . My impression is that your motivation behind your postings is not business related but more to harm the people behind Cointed.
Correct me if I'm wrong .
As you seem to be a good investigator in ICO's please provide me with some explanation about the business structure of an other Austrian ICO www.hydrominer.org
according to their Imprint https://www.hydrominer.org/imprint/  the company is not even yet registered , has no VAT nr , how about the balance sheet ?
Please  help me to find the balance sheet and business structure of the Singapore based TenX as well .

Thanks to all of you to participate in this quite good discussion and thanks to Cointed to be so patient to answer all our questions as I am really eager to participate in this ICO:  

I have a few more questions for you: According to the Article shown on NewsBTC http://www.newsbtc.com/2017/10/19/cointed-token-ico-starts-24-hours/ CoinTed already showed impressive sales for  2015 (!) amounting to 7 Mio USD and a profit of 170.000k. I did a quick search on this:  On Bitcointalk as of 16th February 2016 you talked about having sold 60 BTC so far (via LocalBitcoins).https://bitcointalksearch.org/topic/delete-1351953. As the average price for a BTC end of 2015 and beginning 2016 was quite low (300 – 500 USD) compared to nowadays figure, pls explain how you came finally up with sales of 7 Mio USD. !!In addition you only set up CoinTed OG as of 10.12. 2015 (what is in line with your statement in the Bitcointalk Forum back then). So again how does this fit with 7 MIo USD sales?
  
For 2016 you claim impressive sales of 30 Million USD and a profit of 600k. Again I tried to do a quick check but eventually CoinTed OG was deleted (!) as of 15.12. 2016 from the official books: the new Company CoinTed GmbH which is in existence since 24. 11 2016 does not show any sales between end of November 2016 and 31/12/2016 at all. So as of 16th February you just spoke about sales of 60 BTC and in December you made 0 sales: how did you make 30 Mio USD sales

Regarding my question about your physical presence in Hongkong: For Austrian legal and tax purposes only the economic substance of a legal structure is valid. So if you people being the board of management of the Cointed Limited are sitting in Vienna or Kufstein, Cointed Limited will be regarded as Austrian place of economic activity and you will be treated as an Austrian entity (but I am sure Deloitte will tell you all these things).

I am sure that Deloitte´s statement on your figures for 2015 and 2016 will bring assurance about your press releases. I can not imagine that you lied about your financial results in luring people to participate in your ICO. By the way you also could publish the financial statements of CoinTed OG for 2016 as well as your tax filings for 2016.

project about the Crypto and real-world liaison of many Ico like this that can be a big success and I'm sure Ico will also be a great success Ico hopefully run smoothly and soon sold all the coins,,,how to see sale progress dev,,i have visit http://cointedtoken.com/ but not found thanks

Greetings taxi,

Cointed offers a number of blockchain-based products & services and is the only allround service provider in the industry. The areas we are active in are: (mainly GPU) Mining, a Crypto Exchange, Mulit-Cryptocurrency ATMs (as the biggest Crypto ATM provider in Europe) and a Payment System for crypto-payment processing. We were able to achieve all this with absolutely 0 outside funding.

Our goal is to now expand to the global market with those products. When you take a look at the Cointed Whitepaper on page 38, you will see that we are currently in the process of expanding throughout Europe and that Asia is our immediate next goal after that. We are already in talks with a number of potential partners throughout South East Asia, which we mainly met by regularly attending blockchain-focused events in this area. Another event, the Black Arrow Conference in Bali/Indonesia is just coming up, which we are really excited for!

We place huge focus on the South East Asian market, because it seems obvious to us that cryptocurrencies are ideal for countries where the financial infrastructure is not yet fully developed. In addition, there are very few cryptocurrency-focused companies in South East Asia as of now.

Logistically, it is just not possible to enter the Asian market from Austria (or anywhere in Europe for that matter). After much consideration with our financial advisor Deloitte, we decided that the base of our operation should be moved to Hong Kong. Thus, the Cointed Ltd was founded, where we will now move our attention to more and more over time.

I hope this addresses the matter and are happy to answer any further questions that may come up!