So, here is what happened and our solution.Of course, it's impossible to buy Ethereum tokens by Bitcoin as is. In Ethereum, the native currency is ether. But we have decided to do a crazy thing: exchange bitcoin to ether for you and provide a transparent experience, as if it were possible to invest in an ERC20 token with Bitcoin and later, other cryptocurrencies. That was the plan. Well, it didn't go as planned. We couldn't even switch into a manual mode, we haven't expected so much attention frankly. As we have written in the initial message, it was more of a private thing, but it quickly exploded (no pun intended). Now the contract holds
432 ETH ($80k) and we didn't even try hard to market ourselves!
But anyway, some of you were disappointed that you couldn't buy RKC when it was still available for the better price. Well, we have logged every operation, so it was pretty easy to find
all BTC attempts to buy RKC. Then we tracked
all the "PriceChanged" events from the contract to establish the price timeline. Then we put one on top of the other and determine how much RKC would you have acquired if the transaction didn't fail. This is the results:
https://app.venturekingdom.com/rkc_episode/result.
We have created a special transaction for each one called "RKC acquired by historical price NNN" to everybody who was trying to buy RKC with Bitcoin. Now everybody has received their fair share.
Can we create RKC tokens out of the thin air? No, of course not. We have bought some with ETH after this episode by converting your Bitcoin into Ether, but of course, the price went higher and it wasn't enough. So we will calculate the difference and send it to you from our own RKC wallets, from our shares.
The only problem is, we can't use Transfer method on a smart contract to send RKC to you before the ICO ends (smart contract blocks the transfers in ICO time). So, we have added it to the platform manually. But you may ask, how can we guarantee that we will not change it back? It's not very decentralized, is it?
Well, for that reason we have decided to create a page with all RKC accounts to date:
https://app.venturekingdom.com/rkc_episode/balances_RKC (including the ones acquired with Ether!). It has your bitcoin address, and, more important, signed message about your current balance. You can download this page or copy paste your part and save it so that when the ICO ends and the Transfer() function is unlocked, you can hold us to it if we end up not depositing the difference to your account (but we will, don't worry). Our public key is located
here. It's a frozen timeframe, but we will be updating this page periodically.
With that, we wish you a pleasant night, and tomorrow we will continue all operations. We are a small team, and we are choking and drowning in all the support tickets that have been created, so please forgive us for not answering quickly. We do our best right now, and we hope that with the funding we have and will receive, we will be able to bring our processes to perfection. Thank you for trusting in us.
Best,
Royal Kingdom Enterprise