I was asked by cederis, the issuer, to provide Escrow services for collecting the funds for the ICO of Cederis Coins/Token.
Why do I escrow this project?I escrow this project because after asking many questions I believe there is a real team behind that is able to bring the project to realization. The team can be contacted in reallife also and it is an internet project.
Accepted InvestmentformsThe issuer accepts the following investmentforms:
BTC
ETH
Regarding investing with BTCThe escrow address is the direct deposit address. The escrow will only check who is the investor in case of refund. So when you want to send coins then take care of the proof the dev awaits from you for invested coins/token sent by you. Send the issuer a pm if unsure. ALSO make sure to send in a way a potential refund will be possible for you. Please check the part "Investor verification" here in the escrow details. The issuer will handle the payout of the Coins/token at the end of the ICO/IPO/ITO phase.
Regarding investing with ETHThe escrow address is the direct deposit address. The escrow will only check who is the investor in case of refund. So when you want to send coins then take care of the proof the dev awaits from you for invested coins/token sent by you. Send the issuer a pm if unsure. ALSO make sure to send in a way a potential refund will be possible for you. Please check the part "Investor verification" here in the escrow details. The issuer will handle the payout of the Coins/token at the end of the ICO/IPO/ITO phase.
Who am I?I am SebastianJu an escrow on Bitcointalk since years. I am not connected to the issuer or the coin and I'm an independent third party who acts as an escrow in an attempt to make your investment more secure. See my Servicethread for reviews:
[ANN] SebastianJu - Free Legendary Escrow Service - Escrowed over 8150 BTC.
Safety from Escrow and Investment Project DetailsThe investment will be open from 16th January at 12:00 and ends at 18th Febrary at 12:00 UTC.
The investments will be released in steps according to the roadmap you can read here:
1.- Watever the raised, 5% of the total raised will be sent to their wallet after ICO ended. (2% legal + 3% Team)
2.- If Raised $50k up to 150.000$ , additional to point 1 $50.000 will be sent to the issuer wallet, the rest remains in escrow until they installed 5 nodes. Once installed these 5 nodes, I will send $100.000 or the remaining rest to the issuers wallet to install the rest 10 nodes (milestone step 2)
3. - If Raised up to 1.5M$ , additional to point 1 $150.000 will be sent to the issuer wallet, the rest remains in escrow until they installed 10 nodes and launch the users/investor portal q3-q4 2018. Once all is done, I will send all raised on ico to continues global deployment (milestone step 2)
4.- Raised more than 1.5M$ , additional to point 1 $350.000 will be sent to the issuer wallet to install first 10 nodes (150.000) and 250.000 to take first MVNO licenses, the rest remains in escrow until they installed 10 nodes, and launch users/investors platform portal q3-q4 2018. Once all is done, I will send all raised on ico to continues global deployment.
Milesteps will help to provide further trust into the project by receiving something before more investments will be released. It can help to check out if the dev can really provide what was planned.
The minimum goal for the investment period is $50,000 and there is no hard cap.
In case minimum goal is not reached then all investments that reached the escrow address will be refunded to the participants minus refund fees and transaction charges.
There will be a minimum investment of 0.01 BTC and 0.2 ETH. Investments below that threshold can not be refunded nor credited. Investments does not summarize in this point.
Please note that the safety the escrow can provide only reaches up to the point where the escrow released the investments to the issuer.
Escrow Address
TO BE ABLE TO RECEIVE A REFUND please check out the text about verification and refunds in the details part "Investor Verification" and "Refunds possible?".
Don't send to a quoted address. ALWAYS only check out my post directly and send to that check out there to which address you can send! And please check regularly if the escrow link or address was changed in the first post of the thread. Inform the escrow fast by pm, post in the thread about it and give red trust if possible to warn others fast then. If you sent the escrow a pm then he will know about it and can act by giving red trust to the issuer to prevent damage.BTC Investment addressThe BTC escrow address is:
3FLtCEZ76RBZyKTXrc58CaiyWgDjMjXvkt
ETH Investment addressThe ETH escrow address is:
0x000E29F78f91F56ac39412eD152A92c56759485c
-----BEGIN BITCOIN SIGNED MESSAGE-----
06.12.2017
The cederis BTC escrow address for the ICO of Cederis Coins/Token is 3FLtCEZ76RBZyKTXrc58CaiyWgDjMjXvkt.
The cederis ETH escrow address for the ICO of Cederis Coins/Token is 0x000E29F78f91F56ac39412eD152A92c56759485c.
-----BEGIN SIGNATURE-----
1K2UFGCKyNQNx4h2m5ZRCaw9BWHTBcCZAA
G8p+uEfhRZepIIbSo7jrurdocJzGZnAQRHUof1rsgrN4IGcyYIY1SwkGsbUIvACRIALHcElxEFyWGbBEe+c55PI=
-----END BITCOIN SIGNED MESSAGE-----
Message signed with an old address of mine, that I posted may 2013 on bitcointalk. See my Servicethread:
[ANN] SebastianJu - Free Legendary Escrow Service - Escrowed over 8150 BTC.
You can check a signed message very easy. The fastest way is to visit
https://tools.bitcoin.com/verify-message/.
Investor VerificationThis is important in case of refunds have to happen and you want your investment back. Please note that refunds are bound to a fee because of the immense amount of work refund an ICO/IPO/ITO means for an escrow. Please check out the following parts "Refunds possible?" and "Refundfee".
There are two ways to verify your investment which is important when, for some reason, the investment has to be refunded back to investors.
First way (Does not work with exchanges. Can't be changed anymore when you sent your investment already.):
Try to not send from an exchange. Only send coins/token from an address you can sign a private message from or at least where you are able to get the private key for that address! This is important since in case of REFUND you can't proof that you sent the investment. This is the case when you, for example, sent the investment directly from an Exchange. In that case it would be better to send the coins to your own wallet where you control the private key of the addresses first and then from there to the escrow address.
For information about what you need to sign a message you can check out this thread:
https://bitcointalksearch.org/topic/how-to-sign-a-message-990345Second way (Works with exchanges. Can't be changed anymore when you sent your investment already.):
Another alternative to proof your ownership of a payment would be to send the last 4 numbers of your user id
as satoshies(or corresponding decimals in other coins/token) in your transaction.
Move your mouse over my username on bitcointalk.org, see my profile id is 18640. You can see yours when you are in your profile and hover the mouse over the links on the left menu. Something like u=18640 in the links show your User-ID. The last 4 digits are 8640 for my username. When you add the 4 or 5 last digits of your userid as satoshies to your payment then it is a pretty strong proof that it really is your investment.
For example you want to send 2 bitcoins and your profile id would be 18640 then you send 2.00008640 Bitcoin.
Refunds possible?Refunds can only be done in case the issuer agrees or there are reasons to stop the ICO/IPO/ITO by the escrow, because there came up doubts that make the project too insecure to proceed.
As long as you did not verify your investment transaction in some way I will see your investment as unverified. Otherwise it could mean a random person could claim an investment as his investment and steal it from the real investor. You wouldn't want this to happen with your investment also.
Refunds can only be done instantly when you can proof ownership of the investment. Either by signing a message from the sending bitcoin address or by your investment amount matching your forum user id. See description about verification above.
RefundfeeBecause of the huge amount of work coming from refunding many individual investors, having to have a conversation with each of them and so on, I had to establish a fee for refunding.
The fee structure is meant per investor, regardless of how many investments happened by that investor, and looks like this:
Refund amount will be the amount that reached the final escrow address minus refund fee minus transaction costs to send the investment back. Transaction costs will be calculated based on the 3 block bitcoin transaction fee on
https://bitcoinfees.info/Minimum refund fee is 0.006 BTC / 0.06 ETH or the fee structure, whatever is higher:
10% on the first $100
5% on the next $900 (on the portion over $100 up to $1,000)
4% on the next $4,000 (on the portion over $1,000 up to $5,000)
3% on the next $10,000 (on the portion over $5,000 up to $15,000)
2.5% on the next $40,000 (on the portion over $10,000 up to $50,000)
2% on the next $100,000 (on the portion over $50,000 up to $100,000)
1.5% on the next $300,000 (on the portion over $100,000 up to $400,000)
1% on the next $600,000 (on the portion over $400,000 up to $1,000,000)
0.8% of everything over $1,000,000
Good luck everyone with your Investment and this investment project!
--------------------
Info to dev:
Please post in the OP something like this. You might lower the text size a bit but it must be near the escrow address or the link to the investment website:
ONLY invest after reading the escrow terms regarding how to invest so that a refund can happen for you because you sent your investment provable. Check the safety the escrow can provide, the refund terms and the refund fees, including the minimum refund fee: #####Link to my post#####
Please check occassionally that the escrow address in OP is the same like it is in escrow post and/or check if the investments are forwarded from the investment address to the escrow address at least daily and inform the escrow quickly and negrep the dev if the escrow address has changed without notice from the escrow. Also inform the escrow when invested funds to not find their way to the escrow address.
**************
The investment is handled through a website held by you, the dev. So dev please post the following paragraph above the investment address the investor can see on your website.
"ONLY invest after reading the escrow terms regarding how to invest so that in case of refund a refund can happen for you because you sent your investment provable. Check the safety I can provide, the refund terms and the refund fees, including the minimum refund fee: #####Link to my post#####"