Our agreement was in relation to an "all or nothing" scenario.
Either the developers release a working platform and get the coins, or they don't and investors get refunded. We have now moved in to the arbitration window of our agreement, and have imposed a 48 hour deadline to resolve the current problems. Had they released nothing before now, they would not have this window, the agreement would have been voided before now. The issues occurred after launch, and that is why they have an extension.
Either the developers release a working platform and get the coins, or they don't and investors get refunded. We have now moved in to the arbitration window of our agreement, and have imposed a 48 hour deadline to resolve the current problems. Had they released nothing before now, they would not have this window, the agreement would have been voided before now. The issues occurred after launch, and that is why they have an extension.
What if the people asking for refunds are less than the ones willing to wait for the devs to resolve issues past the 48 hours?
In that scenario, we would have to seek legal counsel (and are planning to do so tomorrow) to see if the agreement can be amended while active, to allow for a partial refund policy based on investor demand.
Just burn the refunded coins in that situation. That would bring the coin back to life fast.
but but
Dan Wasyluk
danosphere
Team Manager & Coding Genius
Coding Genius, not Coding GOD. He might be able to code well (and even the best will have issues), but it does not mean he can see into the future. Just relax, ~ puff on one of these and chill. Some of you are so uptight.
Well, They're uptight becouse this coin had a really big IPO. When someone pays in advance he wants to get the planned product. Simple as that.
You think REAL VC investors are looking for a one day doubling of their money on Real Life companies? ROFL you tarded.
What you are doing is stroking the flames and destroying the value of the investments people have made. Real investors don't shit on their own brand, they pump it up, Keep Quite, or at the MINIMUM pretend like they believe in the goals to profit down the road. lol like I said tarded.
Yeah, yeah, yeah. Sure. First thing - there's no real investors in crypto. Just speculators. Second thing - like I said when "real investor" pays in advance (That's the problem I got - There was a huge amount of money paid IN ADVANCE). - he wants to get the planned product. If he don't get it, then he can be angry and judge other people's work.
Sure, I get it, You are supporter, You want SYS to succed. That's ok. But stop blurring the reality. Facts remains the facts. I'm not FUDing etc. - I just don't like when people call others Fuders, becouse they are not jumping in the air all the time.
BTW. Stop insulting people, becouse they got other opinion than Yours - it's really childish.
That's all mate, I'm out of that discussion.
Cheers
