Topic: [ANN] CRYPTONITY - The Crypto Community Exchange (Read 24074 times)

Dear community,
we are sincerely sorry to announce that we decided to end our collaboration with Crypto Advice and QuickX, even though our token sale is not over yet. The reason for this important decision is that the terms and conditions offered by Crypto Advice are far from being fair and clear,  to us, and to the people that wanted to invest in our project.

We would like to give you a brief history and a more detailed explanation of why we took this hard decision. As you know, we had our first ICO in November and December of 2018, at a moment when the market was really difficult and we didn't reach our soft cap. So we had to reimburse all our investors and although we had a functioning product, it was extremely hard, to execute our vision without funding and to come up with a product that was in line with our expectations. We were thinking about dropping the entire project in February of 2019.

At this point, QuickX founders approached us and offered help with the fundraising via the Crypto Advice platform. Since QCX already had a successful ICO through Crypto Advice we were assured by QuickX that they were a reputable and a transparent company. We accepted this new opportunity so we could give birth to our exchange.

The idea was to create a new token that would be sold exclusively on Crypto Advice in order to tap into their community of investors. We would then do roadshows, video conferences, and AMA sessions in order to explain our project to the Crypto Advice community and promote the token sale, which we indeed did during our roadshow in European cities of Maribor, Vienna, Koln, Berlin, and Warsaw.

But along the way, we discovered that the conditions Crypto Advice has offered were dishonest, not only for us but also for our community and investors.

First, during the phase 1 of our token sale, investors could buy our tokens only with QuickX tokens and as for the other phases, investors could buy 40% with QuickX tokens and 60% with BTC. Contrary to our previous agreement Crypto Advice changed the initial terms and offered us only the agreed amount in BTC not counting the QCX part of the collected amount.

Secondly, Crypto Advice wanted full control over the smart contract of our token and refused to give us a clear answer about what they intended to do with the portion of the raised funds in QCX. Besides that, they clearly stated that the original token distribution (15% for the consumer protection funds and 25% for Ecosystem Development) is to be kept by them, again in contrary to the original agreement.

Last but not least, was the fact that the QuickX team started to get involved in the ownership of Cryptonity, and tried to influence top management changes within our company. And since the beginning of our agreement, only until recently, we never had direct contact with Crypto Advice without QuickX founders acting as intermediaries between us and Crypto Advice, which management structure is still unsure to this day. (We suspect QuickX Founders to be CryptoAdvice Administrators and Owners)

Because of the above reasons we have decided to step away from our collaboration with Crypto Advice and QuickX. Although not an easy decision, since without proper funding our project probably won't continue, but we prefer to lose our credibility as good entrepreneurs rather than to be involved in a mechanism that we find dodgy and not transparent to our investors.

Cryptonity, to this day, hasn't received any funds from the token sale, which has been exclusively sold on the Crypto Advice platform. We urge all the investors that participated in the ICO to ask for a refund on their investment from Crypto Advice. Again, we are sincerely sorry for the inconvenience caused and we hope that everything goes back into order as soon as possible for everyone.

Thanks to our team of lawyers at BruzzoDubucq who guided and advised us to make this decision for our own safety. We have all the evidence of what we say, you can contact us for more information.

The Cryptonity Team.

This project is undergoing many changes, I hope manager can update in detail and regularly about new changes in the project.

The last two exciting news on the progress of Cryptonity project are our two partnership with QuickX and CryptoAdvice as well the publication of our new Whitepaper.
We’re excited to join forces with Cryptoadvice, a Blockchain Trading & Investment Platform for our upcoming token sale. The sale will be exclusively on the Cryptoadvice platform.

CryptoAdvice:
Welcome to CryptoAdvice, We believe that decentralisation is a new way of governing people, digitalising trust and decision making. We provide a diversified on-ramp for exposure to the digital currency asset class. Our investment interests range across the cryptocurrency and blockchain space, facilitating direct investment in cryptocurrency itself and investment in companies creating, implementing and adopting blockchain solutions.

QuickX:
Founded by VAIBHAV ADHLAKHA and KSHITIJ ADHLAKHA, Quickx will provide Cryptonity with their topnotch technology service to run our digital exchange. Quickx performs transactions off the chain for some Blockchain assets and utilizes pooling facilitators who supply liquidity for cross chain transfers of crypto assets. Through this, transaction speed would be greatly enhanced, and the interoperability problem between different cryptocurrencies will be dissolved, thus, relieve the transaction fees and also solve the issue of scalability.

We're not excited just for the technical details. But for the shared core values of a cooperative, transparent and interconnected community that promotes collaboration in the smart economy. And that is something Cryptonity is all about.

Our Quickx partnership will support our mission to make digital currencies and trading work for everyone.

We are always looking for new ways to support our customers and expand the smart economy. That’s why we’ve partnered with Quickx, a novel protocol designed specifically to cure the many fatal flaws that are hindering mass adoption of cryptocurrencies today.

https://www.cryptonity.io/cryptonity_whitepaper_v1.pdf

Interested in knowing more about QuickX and CryptoAdvice?

https://cryptoadvice.com

https://www.quickx.io

All investors have been refunded, what are you complaining about? To hear you speak you are not part of it.

you are a big project or so you want to appear? but now the price is 0.00098990, yes ten times lower than the selling price to investors.
how so?

I just canceled a purchase order, was getting to know the project and searching here at bitcointalk I came across this post, thank you for the sincerity, I'm waiting for the new token and keep following the development of Cryptonity.

Dear users and investors,

On our exciting journey in developing and designing a community exchange, we have experienced a lot of setbacks so far.

Although we are confident in overcoming and solving each of these problems, with the latest one we feel an obligation to make an announcement and to our community in order to stay open and transparent as we feel that every ICO project should.

On 23. March, our biggest investor pulled out his funding from our project.

Due to these events, we need to pivot our direction and agree on a smaller scope than initially planned. We've considered our options and nevertheless made a plan to continue onwards without major funding.

With a lack of necessary funding for development, we are going to cut most of our planned features and push them to a later date in the roadmap.

Due to these reasons, in the near future, we are going to issue a brand new token which current XNY holders can swap to. Prior to that, XNY token will be delisted from all the exchanges where it's currently traded.

Currently, we're working on a complete rebranding of the whole exchange and an overhaul of our front end code. After that, we will have a new roadmap that will be visible on our redesigned platform as well as a new announcement about the future direction of the project.

Since we understand that this is a change from our ICO roadmap and that some of you might not agree with the new direction, we are offering a full refund to everyone that bought XNY during our ICO phase.

Be sure that before contacting us for refund you have all the proof of your investment, your KYC documents, and your participation email. We may ask you for additional information to verify your identity.

You can contact our support team at [email protected] or on our Zendesk platform https://cryptonity.zendesk.com/hc/en-us.

Kind regards,
cryptonity.io

Something good to read after that huge dumped the exchange that this coin was listed, re branding and thinking of other possible ways to
workout with investors trust and continuations of this platform to succeed, there's still a lots of time while the bear still dominating, if
the team are thinking about future success, better to keep working and keep the community posted.

How to make a swap

Hello all, quick update:
Everything will start begin of April, now we are working on our public API and listing process, everything will be ready in a few weeks, at this time we will conduct also trading competition and events on the website, listing of new projects, tokens, coins, Public Api for bots and Market Making

As our community dumped XNY we "may" create a new token on the EOS, Stellar, Waves plateform or our own Masternode and POS coin! Every holder of XNY will be able to swap old token to the new token/coin

We will write an announcement and you will be able to vote for the future of the project, we will rebrand as well our logo, after the swap distribution will be locked until we have big volumes and good prices, we are here to serve you thank you for your support follow our social media!

Yes we have a lot of ongoing development and discussions with major exchanges, thank you for support

It takes time we can not do everything in a day and I think you are smart enough to understand it, we are recruiting so let us have the time to prepare our plans, a new roadmap will be available very quickly

I think that the team is working on listing the token on major exchanges . Now the entire cryptocurrency market is in flat, so it is not surprising that the token does not show growth.

Where are your weekly updates? You’re not doing anything to support your token, which now costs almost zero. It’s really worthless if you don’t take important steps in updating the platform right now.

My problem already get fixed by Mourad CTO of cryptonity, so this project is not a scam a few days ago there was a misunderstanding, all of my withdrawall already in to my wallet
Withdrawall complete proof: http://prntscr.com/mu4r5i

Thanks CRYPTONITY(XNY) i hope your project becomes very successful

We are already listed on a top exchange (Latoken) instead of criticizing do you have any constructive words?

The future will tell, thank you for your support anyway it helps us a lot

Thank you very much for your support sir, please wait for the good news

Thank you, we will share new WP and Roadmap asap. Yes there is 100.000.000 Tokens ;

Team tokens : https://etherscan.io/address/0xbfa6fc7703eb18dbcc0b6df857a316785d01eef4

Redistribution tokens program : https://etherscan.io/address/0xfbeeef8331359adde06d5ff35c2109c4b3ee4f5f

You are correct sir, only bounty airdrop and token from our sales are in circulation. We will update our website and announcement center soon please stay tuned for the good news

It looks like you can not expect large stock exchanges. The exchange are absolutely dead and there are no updates.Not even sure that the token will rise in price

That's good to hear, listing in another big exchange will add more exposure for your project, though the business itself needs to be well
maintained, if you really wanted to be more competitive you have to express your interest with those traders who are already using different
exchange, letting them to learned about your business and attract them to use your platform will add big potential to succeed.

Looking forward with those information you add here and for the completion of everything. Keep it up.

I am looking forward seeing the new roadmap coming out in the next months then! For now I have a question regarding the supply. As I understand the total supply is 100M tokens, of which 20M team tokens are locked, and 80M are circulating. I believe just a small chunck of these where sold during the ICO is this correct? Unsold tokens are being kept in reserve and used for user incentitives and liquidity on the exchange? Is it known how much of these 80M are used for those activities and how much are still in reserve now? Could you maybe point to the wallets that are used for this purpose on etherscan as well?