damn youre giving this guy a hard time. is there any ico where you can be 100% sure to receive everything that they promised?!
Im claiming this project because it has completely centralized project for which you wont be needed a blockchain. The only reason why they using ethereum network is because they want give a small incenvite (profit sharing) for people to invest in it.
There is no other part in their system where EthBits will be using Ethereum. Symply they dont need it!
It's the same as if you are starting an offline car sale business and asking for people to invest thought smart contract to get CarSale token. And assuring that if business will be profitable they will get a dividents. If not than well.... what can they do?
then dont invest in it, theres no reason to spread fear without proof.
What proof are you waiting? When EthBits scam anyone? I dont need to wait that long.
If you dont like my messages than dont read them and keep investing blindly.
I will start deleting this stuff again it is nothing but worthless scam accusations . At least give us a reason please?
So why do see my messages as a worthless scam occusations? Do you even remember what i writed on my questions?
And yes, for me its amature scam that want's money from people for project to make that doesn't need a blochchain network.
Instead of deleting messages maybe you should be answering to them?
We are using the Ethereum Network mainly to use the profit share smart contract. Also we have found a company in Gibraltar where we can pay dividends without KYC so this is a major step in the right direction.
So you wouldn't really be needed a Ethereum Network if it werent a profit share smart contract? Thats the only feature why EthBits exchange will be using it?
We will grow slowly with closed and open Beta. We are fully aware of the potential risks and will avoid them at all costs.
If you will be growing slowly with closed and open Beta than why would you need such huge amount of money from investors to start an exchange?
Can you provide the exact list of costs on why would you need 400 000$+ for making a small exchange which it will be at the start?
If at some time exchange will become a little bigger, you will be starting to proof your credibility than you will be getting additional money from the exchange fess for growing. You dont need an instant huge budget without return which you will be getting from people on crowdsale.
We will be paying dividends in Ehthereum and we do not know the profit share yet until we have finished the crowdsale. It will be between 8% and 40%. Lets say we sell out and you buy 100% of the tokens which is 4 mill. If we make 5k ETH per day then we distribute 40 % this evenly between the 5 Mill token holders every quarter. But remember we will have a decreasing supply.
How we can be sure that you will paying ALL the dividents that need to go to token holders? We should trust on your word?
We will be provably fair it is in out white paper. If you have a read we can answer any questions you have no problems.
Im sure you know whitepaper better than most of us. Imagine im an investor goes at the door of your company and asking you simple question.
So the question is - Will you be providing a full quarterly-monthly accounting report on what is happening inside company? Will we see a provable list of money activity on spending the EthBits exchange budget? Will we see a total profit report on every month-quarter?
Polo make 1 Mill usd per day sometimes. If they used our structure it would not just be the core team who are rich. We are giving people a good opportunity. Start Up businesses are always a risk but we have an excellent team to make this happen. I think its an excellent and fair business proposition to buy the coin. WE did have offers from angel investors but we prefer to let the community gain which in turn will give us more awareness and volume.
Centralized Start Up businesses are always at risk for investors and the creators. For the most part it is investors. In your scheme i dont see the part where EthBits team are risking. You are getting 100% of money from people for developing your project. If you will fail investors will lose money. You won't lose a single dime. You will go away and that's it.
You somehow mentioning every time a Polo exchange like there is no other exchange that even existed. Maybe lets start with a little less exchange to be comparing with at first? Ambition is good but reality is better.
What are the names of angel investors that was giving a money to you and you refuse their offers?
