I sent an email yesterday to GIFcoin team (no answer for the moment) :
Hi GIFcoin,
Some investors (and me) are a little scared about your project, as you can read on Bitcointalk.org, for several reasons :
1) Your ICO is over but there is no communication from you (results, your next roadmap step, exchange(s) listing…etc)
2) Your ETH/BTC/LTC counters and your sold GIF tokens counter are not uploaded since several days (I think at least 10 days)
3) We don’t still have any information about your eGold, especially a whitepaper
It’s very strange because eGold ICO is already over, so I think (and I hope) that you offered a whitepaper during the ICO, no? Otherwise, on what technical/financial basis did eGold investors invest?
4) You have made some changes in your Whitepaper, especially about unsold GIF tokens
a. In the first version that I read (V1), you wrote that all unsold GIF tokens will be burn
b. According to the peoples who read your V1.1 version, you spoke about burn only 50% of unsold GIF tokens
c. According to your current version (V1.2), there is no longer any sentence about unsold GIF tokens (!)
So I implicitly understand that you don’t want burn unsold tokens.
If I want to read the older Whitepaper version, where can I find them ?
I’m sorry to tell you like this but the last point (Whitepaper changes) is absolutely not normal !
Investors made ourselves researches, we invested because we are interested in your project (and especially in his reward conditions) and finally you change the most important thing the reward for GIF holders (indirectly but if you don’t burn unsold tokens, you mathematically dilute holders shares).
I understand that you hope to sell more tokens but you should have known that a part might not be sold !
Moreover I don’t understand this behavior because you reach your soft cap… or maybe you have misjudged this soft cap?
I really hope receive an answer from you.
Thank you.
Now I'm waiting an answer but I don't really hope to have one...
GIFcoin is a SCAM ?(I precise that I'm an investor, so don't speak about FUD thx)
Dear drmora ,
1) We spoke to all investors and we believe it's still early for listing on exchanges (we need to create value for GIF first). Also, we are waiting for the official release of the first exchange for security tokens Tzero.
2) The uploading is done manually and it's visible now.
3) We're concentrated on eGold and its implementation in Buff88.com. The whitepaper is being rewritten to reflect some changes.
4) After a long discussion with investors, we decided to keep 50% for LCCO (last chance coin offering) and burn the other 50%. This decision was not easy, and it was taken after careful consideration of every investor opinion.
PS: At the moment, a team of professional designers is making a full-fledged brand design mock-up for Buff88. Additionally, we are negotiating for sports feed of odds to be able to add more markets. Also, we are implementing 2,000+ casino games. We're preparing many new things and surprises.
We apologize for the late reply, but we're quite busy with distributing all tokens after the ICO, as well as taking care of the bounty program, and at the same time, working on Buff88.
Kind regards,
GIFcoin Team
I think dev has explained to you all about this project and with a thought to a scam project. You should understand it.
