Topic: 🔥🔥[ANN] Cointed ICO | 180 mio$ revenue | 100k GPUs | 100+ Bitcoin ATMs 🔥🔥 - page 20. (Read 12703 times)

Do your own research on this ico/company it shows signs of a scam.

Dear Martijn Wismeijer, employee of General Bytes:

We deeply regret that you and Karel choose to take this course of action.

It is hard for us to see why you felt the need to end our business relationship in this way, considering that we were one of your biggest customers in a long and productive cooperation.

As we have explained - and you conveniently ignored time and time again - the Cointed Ltd. is the parent company under which a number of Cointed companies worldwide are being opperated in Tokyo, Zug, Malmö, and yes, the Austrian Cointed GmbH. It seems obvious to us that you are delibertely misunderstanding the company structure.

From our companies in Hong Kong and Tokyo, Cointed plans to expand into the Asian market with, among others, Multi-Cryptocurrency ATMs on a large scale. Those ATMs have already been developed and working prototypes are already available: https://imgur.com/a/COt41

We felt the need to take this step of producing our own ATMs, because it was obvious to us that General Bytes was not up to the task to provide high quality products on a large scale. As I am sure you recall, we asked you to be our partner in creating a better product. Unfortunately, you declined. Therefore, we decided to make the best product possible with the experience we collected over the last years.

We think that in an open market the appropriate way to act towards competition would be to try to offer a better product or service, instead of making easily disproven accusations.

We respect your stance towards ICOs as your own personal opinion on the matter. Hundreds of thousand members of the cryptocurrency community think otherwise. Be assured that Cointed will take appropriatelegal action against these allegations which will have severe consequences.

If any concern arise, we invite everyone from the community to contact us directly at [email protected]

They used GENERAL BYTES products, claim it to be their own design and make promises of features that GB will never develop. They further want you to invest in their Hong Kong Ltd that is basically an empty shell as all business is done via their Austrian based setup. All ATMs we've sold to cointed have been sold to their Austrian Gmbh and not the HK Ltd. The Hong Kong Ltd has zero ATMs.


https://generalbytes.com/cointed for more info.

Hey Thx a lot for your update!

Let me commet on your updates:

2.) your mining farms with 130.000 GPUs:
One pictures you uploaded we see a storage room with a few hundred mining rigs (multipled with 8 graphiccards). That means on the pictures we see around 3-5k graphicards, and none of them is running.

So you claimed to have 130.000 GPUs in multiple mining farms.
But you really have a storage room with 3000 to 5000 GPUs THAT ARE NOT MINING but just sitting there and losing value.
Well, congratulations to your "mining farms"

4.) That is not correct, the first balance was due on 31.12.2016 and you did puplish it. And it says exactly what i descriped.

You claim to have 100m turnover in 2017
But you really can prove 35.000k with a lose of Euro 55.- in 2016.

They claim that everything is owned by your Hongkong limited is worth nothing because it is a limited. As you know limited stands comes from "limited liability" That means it is worth nothing expept you can prove assets in this Ltd.

And your claim that your Austrian Cointed GmbH is been owned by your Hongkong limited is also false. The ownership is as following as of today:
Rieder Christopher(Anteil: 90 %)
Thaler Wolfgang (Anteil: 10 %)

Hey,

Visa
Hong Kong, one of the 5 mayor banks in the world

Some updates as promised:
2) Some images of the construction of our farm, https://imgur.com/a/xjiem
4) Let's tell you the whole story.
First we operated through an entity that doesn't require a balance (OG). Then we did a merger. The first balance of the new entity is only due at the end of the year. So we can not share that with you yet, you will have to wait until the end of the year. In any case the result of the Hong Kong based mother company is what really counts

Okay, so you are saying that you would like to do an ICO and collect cash (120m) but you are not able/willing to prove any of your claims and share anything with anybody?

Lets just go through the bullet points:

1.) You claim that you have developed mining hardware with Nvidia. I ask for prove and your answer is that you are not allowed to talk about. Well, you did talk about it because you made the claim in the first place. So if you would have an confindentiality agreement you would already have broken it. The only thing you did not do is deliver proof for this unrealistic claim. (Everybody with basic knowledge about Nvidia/Mining/Graphic-card development understands that a claim like this is out of the air.

2.) So you have prepaird your ICO but no due dilligende files about yourself? Sounds strange, but I am waiting for your "uploads"

3.) The link you provided (https://atm.cointed.com/atm-en) shows 29 ATMs on 18 locations. You claim to have 100+ locations.
If you would have 100+ locations would be able to provide a simple excellist with all adresses in a hearthbeat.

4.) Why can you not do this? Company balance sheet are by law publicly accessable in austria. If you are not willing to share the most basic documents I can help you out. Your baance sheet of 2016 shows Euro 36.250.- as sum and your profit for 2016 was Euro -55,24.-
Now I understand why you are collecting money I can post a screenshot if needed, but I think you dont wana see that.

People in the crypto community can do basic research and are usually older than 3 years. You can not make up a small business with wild claims and big names such as Nvidia and Generalbytes (your partners)

Well it is interesting what your "partner" General Bytes is saying about you:

https://www.generalbytes.com/cointed/

I dont think that your Partner "Nvidia" will comment on that matter at all.

Looking forward to see more of your exiting ICO Information.

br
ens

What payment service provider will your cards have (Visa, AmEx ... ? )
Where your organization was registered and which bank serves your account?

Thank you for bringing this up, we of course are aware of the accusations. I will share our press release regarding this with all of you since we want the community to hear all parts of the story.


Cointed has been a successful all-round crypto service provider since 2014. Starting as a small and local start-up in Austria as a crypto exchange and Bitcoin ATM provider, we have now developed a number of products and services in the areas of GPU mining, crypto hardware development and payment processing for crypto transactions. We have established trust with customers and partners all over the world through great customer service, as well as being transparent and straightforward with everyone we work with from the very start.
The Cointed parent company in Hong Kong “Cointed Ltd.” is about to start its own ICO. This is a very exciting time for us, since we experience more positive feedback in recent times not only towards us, but the crypto landscape as a whole.
As Cointed continues its rapid global expansion, we begin to feel the limitations of existing products and services in the crypto world. We are convinced that the crypto world deserves the best products possible. For the crypto scene to sustainably grow in the long term, the access to cryptocurrencies needs to be as easy, fast and convenient as possible.
One of those areas are Crypto ATMs, which allow everyone to exchange cash for cryptocurrencies and vice versa. Cointed is now the biggest Crypto ATM provider in Europe and has gained plenty of experience and feedback from customers and partners as to what problems existing ATMs have -both from the hardware and software side - and how they can be improved. We want to allow everyone involved in the crypto scene to enjoy a better-quality product.
Unfortunately, one of our now former suppliers, General Bytes, has decided to publicly denounce us for trying to expand our product line and develop our own ATM. We decided to end a long and fruitful business relationship in a friendly manner and face new challenges by envisioning how to enhance existing products. The response from our former partner was to make baseless and easily disprovable accusations.
We are deeply dissatisfied with how the situation unfolded. Our former partner was not ready to let his product compete on the open market and therefore threatened us for months not to develop or produce any products he would consider a risk to his own business – which defies the core principles of an open market. The former partner has burned bridges with a company that used to be one of his best customers, simply because he was afraid to make a little less profit.
Even though there is no contractual obligation to do any of this, the Austrian “Cointed GmbH”, which is the licensing partner of our former partner respected those wishes and didn’t even deploy the Cointed-owned Crypto ATMs in countries the former partner didn’t want to be associated with - against our own business interests.
We were convinced that a clean termination of our business relationship would be possible. We deeply regret that our former partner decided to take these steps and are convinced that they only serve to hurt his own reputation.
We at Cointed will continue to follow our determined path to offer the best products and services possible. We are excited for the times to come and invite you all to join us in shaping the independent and progressive financial world of the future.

Cointed Token ICO – starts in less than 24 hours

The established crypto company Cointed Ltd. will start its own ICO on 20.10.2017 to collect an extra budget of 120 million Dollars. With these funds, the internationalization of the company is to be further advanced.

What makes the Cointed ICO Token so unique?

Cointed does not merely present an idea that is to be implemented in an uncertain period of time.

The company already has a working business model and functioning concept. The undertaking is thus a profitable business and the expansion starts immediately after completion of the financing round.

What have been the milestones of Cointed since 2014:

        - a Bitcoin exchange with more than 15,000 users
        - own mining farms with 400 GH/s in 2 countries
        - 100 BTC ATMs in 4 countries

https://coinidol.com/cointed-token-ico/

WARNING: Possible fraudulent / scam ICO.... Read this BEFORE investing!

https://www.generalbytes.com/cointed/

1) sorry we are not allowed to talk about this, so we can neither deny nor confirm
2) We will upload some proof in the next hours that will satisfy you, we promise, just hold on a bit please
3) https://atm.cointed.com/atm-en/ Not all are listed yet, but we are adding the rest to the list as fast as we can.
4)  I am sorry, we can not do this at this point, we will think about how we can provide you further proof

please ask more questions in the mean time, I  will address as many as I can and forward the rest to the team, they are just very busy right now dealing with all kind of inquiries.

aaaaand another most likely scam ico without a real usecase for an ico. Hello ico #10055225585 of this year

interesting , but price way too high ..

what do you have at this point?

Nice project with best trust team
I wI'll inverting

sorry, first of all i have to admit that I made a mistake, it is not 100.00 gpus it is of course 130.000 gpus. sorry for that, I did not want to make you smaller than you are

One more thing that is really great, you wrote:

 "We developed our mining hardware together with Nvidia. I will try to get you some kind of prove, but it might take a while"

 

This is really amazing!!!!!

But at least you try to get "some kind of prove" )))))))))

great guys!!!!!

Hey!

I am almost ready to invest my hard earned ETHs

But, it sounds to good to be true:

I assume your ICO is legit (like all ICOs of course), but just to be sure can you please share.

1.) Partnership agreement with Nvidia (you must be the only mining company that has one, very impressive)

2.) Please send proof/pictures of your two mining locations with +100.000 GPUs. (Picture of the location, pool performance, etc.. you know how to this works) And please explain your mining portfolio and in what kind of hardware (exept the 100.000 gpus) your 30 million (!) USD was invested in.

3.) Please puplish a lis of you +100 ATM locations. For some reason I did not found it online. 

4.) As your company is on its way to success, can you please puplish your companys balance sheet.

I would have lots of other points that I would be intereste in.. but lets wait if you can accomplish the first 4 bullet points.



with crypto love
ens

Hi, thank you for the great question. Our hardware is to a large part from Nvidia and strongly customized. I will try to get you some kind of prove, but it might take a while

nice this will be big cointed has a quick verfication process and my friends like to use it.
ill consider the future value of the token... but i guess its always good to invest in a working company with great future applications.