Topic: [ANN] [PRE-ICO][XWS] The Wanted System - Building a safer community, together. (Read 1040 times)

Due to the increased worldwide regulatory interest in ICOs, we are taking the necessary steps to ensure that The Wanted Systems ICO complies with all applicable securities and other laws.  As a result, we are currently undergoing the legal counsel necessary to hold an ICO. This process will likely last a few weeks. 

We look forward to completing the ICO and throughout this process, we will continue developing our compensation based information collection, and distribution system.

Thank you for your interest.

The Wanted Systems
Building a safer community, together.

Thanks for your interest, yes complicated, but we are taking all the necessary steps to ensure things are done correctly & most importantly legally. These things are why the project may at the moment seem dormant, but I assure you in the background lots of work is taking place. As stated above we have an announcement coming soon.

Could you please clarify what you would like to see in relation to this statement: "human rights issues".

The project sounds complicated, Hope human rights issues will be clarified as well. This is a good idea and for aiming a safer community. Hope this project will push through.

We'll be making an announcement on this very soon

CROWDFUNDING DISTRIBUTIONS
What is the total supply?
50,000,000 XWS Coins
What is the projected total supply for sale during ICO?
40%  (20,000,000)  XWS  Coins  will  be  initially  offered 
to the interested parties in the crowdfunding.
What is the payout for founders in tokens?
2% (1,000,000) XWS Coins will be equally distributed
between   the   founders   +   ICO   funds   to   further   
development.
What is the payout for business operations and housekeeping?
8% (4,000,000) XWS Coins are being used by The Wanted System for licensing, integrations,
marketing, advertising, ongoing development and other operational expenses.
What about the rest of the supply?
50% of the remaining supply (25,000,000) will be in the block rewards.

Sorry to say people but this has a big don't do it sign all over it. Not talking about the U.S.A. being the only country with things like bounties and that country isn't that cryptofriendly so the chances are that this will be shutdown quicker than you can see your tokens on an exchange too. But that's not even the biggest worrying point.

32 Responses to the topic so far.

fishfishfish13 - 2 posts (in both of them he acts like he doesn't know anything about the project but he is involved - look at their slack and besides he and rule144 are both from xtrabytes)

cefinnel01 - 1 post and same story as fishfishfish13. From xtrabytes and is in their team .

rule144 -6 posts, is founder.

vanfly - 9 posts - teammember - also from xtrabytes.

TrinaryLogic - 1 post. His first post was in this topic, also teammember acting like he doesnt know this project

cryptomizer1 - 1 post - same as Trinarylogic. First post here for some reason suddenly and probably a (shill)teammember

cryptogama - 1 post. Newbie account with 3 posts. Probably same as the two above.

So out of 32 posts, over 20 are from teammembers with 3 obvious shill new accounts and people from the team acting like they don't know the project. If your project is on a month publicly open topic with just about what? 5-10 posts from outside of your friend/shill-circle? That's worrying and more than that if a project needs this type of unprofessional obvious shill accounts to start with that's a first sign of small project with either no experience or bad experience.

Get out.

Some great progress toward ICO has just been made. There will be an announcement in the near future.

Hi, this exact question was answered earlier in the thread.

Validated tips will be used in regards to those that have warrants out for them and did not show up for court. There won't be campaigns based on information that is not proven / spam. It will be up to the authorities to decide what tips are bogus and then counter checked by the civic group.

Since it is anonymous the information will not be available publicly.  In regards to publishing info for campaigns,  it will be published if there is validity and in that case it is already public knowledge.

What is the total amount of tokens reserved for pre-ICO?

A very unique and meaningful project, but because of anonymity, i wondered if the system will be misused, such as the defamation.

How is this project coming along?

It is unique to this space. Hoping to see a date for the ICO very soon 

Thanks for the feedback, the team is active in our Slack channel. Feel free to join and speak to team members directly, we welcome you task any questions you may have about how the system will work.

 https://thewantedsystem.herokuapp.com/

Love the use case of this

BTCT bounty hunters will be supporting an actual bounty hunting program 

Yes, anonymity plays a major role, information provided is likely to be more detailed due to the sense of security offered by The Wanted System.
Initial feedback after showing the concept to members of LE have all been positive.


Fantastic.

Your 100% correct. That's the beauty of this, you can remain protected!  

I spoke with a Chief of Police the other day, they want to be part of the initial test group. The response from all sectors so far has been overwhelming. 

"The founders believe that The Wanted System will become the new national and global default system that will provide anyone with the means to participate in the apprehension of wanted criminals through its exclusive multi-layered approach and unique incentive program."

This is very interesting.  From what I understand, this would be an effective way for a person to stay anonymous, but also be compensated for creating a campaign.

If you guys could get, or do have partnerships with bond agencies, law enforcement groups, etc, this could be a very big deal.

The public's interaction will be done in fiat for the most part, we're discussing ways now to accept payment and sell tokens to use the system. It will be as easy as any other internet purchase to participate.

We'll be publishing the list of the team at time of ICO (since we are adding people still).