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Topic: [ANN] (QTUM) - A Scalable Smart Contract Platform w/ Proof of Stake - page 104. (Read 525459 times)

full member
Activity: 137
Merit: 100
What will happen to the tokens refunded?
legendary
Activity: 1393
Merit: 1001
That would be un-wise.... Wink
sr. member
Activity: 722
Merit: 259
Qtum Foundation Official Announcement:











Please keep in mind that this refund process will expire after 30 days unless we post otherwise. Remember, this is not mandatory, this is an option if anyone would like to refund their Qtum tokens. If you do not want to refund your tokens, you do not have to do anything. Be aware of phishing and scam attempts from people claiming to be Qtum team members. You must contact the e-mail address specified on the document "[email protected]" to receive a deposit address for a refund. Be vigilant.
legendary
Activity: 1722
Merit: 1000
Isn't the QTUM Foundation based in Singapore?

So the PoBC ruling shouldn't affect people outside China or am I missing something?

Huge Chinese community involve into this project that's why this will face huge pressure big money from China invested into this project this ICO was hosted mostly on Chinese market and trading there. I hope this will get recover and will continue growing.

Understood however looks like Chinese ICO platforms are refunding money for tokens that haven't been delivered yet.
I think that contributors have received IOUs so not sure if that is considered no tokens recieved or not.

Understandably there will be some issues but each project and token will have to be scrutinized and I do think that Qtum doesn't represent a security so hopefully this will not affect them so much.

Qtum has its own blockchain so if they let Ethereum be they should let Qtum be too.
I think it's too early to speculate and we should wait and see how things develop following yesterdays ruling.

The project is solid, if regulators start getting in the way of innovation China may find itself behind other countries that have a more favourable approach to cryptocurrencies and blockchain tech.

Anyhow good luck to the team!
legendary
Activity: 1540
Merit: 1002
Isn't the QTUM Foundation based in Singapore?

So the PoBC ruling shouldn't affect people outside China or am I missing something?

Huge Chinese community involve into this project that's why this will face huge pressure big money from China invested into this project this ICO was hosted mostly on Chinese market and trading there. I hope this will get recover and will continue growing.
legendary
Activity: 1722
Merit: 1000
Isn't the QTUM Foundation based in Singapore?

So the PoBC ruling shouldn't affect people outside China or am I missing something?
sr. member
Activity: 1064
Merit: 253
It seems they had hit a thick brick wall and still thinking on what to do. I hope they can release a contigency plan
sr. member
Activity: 434
Merit: 251
The timing of the PBOC news is soooo bad.  Right before the mainnet and the press run smh.  First all the Fud at inception and now this. Qtum can't see to catch a break.
full member
Activity: 138
Merit: 100
So what if it is ban in China, they can do fund raising in Singapore and Europe and then dump in the the Chinese and US exchange at a premium.  Grin
newbie
Activity: 28
Merit: 0
I'll watching the thread. It sounds like an interesting project.   Wink Wink
sr. member
Activity: 1064
Merit: 253
Is qtum affected cos this was a Chinese ICO right?

Organizations and individuals that have completed fundraising through ICOs should make relevant arrangement to return funds, in order to protect the interests of investors and properly deal with risks.

https://www.cnbc.com/amp/2017/09/04/chinese-icos-china-bans-fundraising-through-initial-coin-offerings-report-says.html
newbie
Activity: 41
Merit: 0
Any statement from the company to calm us down?

Any thoughts to fight against this news?
newbie
Activity: 19
Merit: 1
From CNBC:

China bans companies from raising money through ICOs, asks local regulators to inspect 60 major platforms
Chinese regulators are about to start a campaign related to the country's initial coin offerings (ICO), according to a Caixin report
In a document, authorities said they have banned new projects that raise cash or other virtual currencies through cryptocurrencies
A list of 60 major ICO platforms were provided for local financial regulatory bodies to inspect and report on, according to Caixin

Source (forum won't allow me to post link): Google "China bans companies from raising money through ICOs, asks local regulators to inspect 60 major platforms"

sr. member
Activity: 434
Merit: 251
So i saw in slack that there is a company launching satellites into space which will run qtum nodes to support the network.....How is this not mainstream news?
legendary
Activity: 938
Merit: 1001
The only reason QTUM went down a bit is because of the general market sentiment. It will recover very soon, so see this as a discount.


thanks for advice..
i will be filling my bag here.
this is a great project
sr. member
Activity: 280
Merit: 250
Vincit qui se vincit.
The only reason QTUM went down a bit is because of the general market sentiment. It will recover very soon, so see this as a discount.
full member
Activity: 378
Merit: 100
Well. look at market little crash this weekend, but QTUM holding steady. Thats a very good sign...

This month will be bullish Wink
full member
Activity: 280
Merit: 100
the date of mainnet online is coming, wish you have a result and be the representative blockchain project, also have a better market performance
full member
Activity: 350
Merit: 100
Revolutionising Marketing and Loyalty
member
Activity: 101
Merit: 10
Proud projects in the country, I hope you can stand to No.1
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