Topic: [ANN][ICO] 🔥ANGEL TOKEN ICO IS OVER 🔥THANK YOU TO OUR 400+ INVESTORS! - page 13. (Read 50895 times)

There are no special skills needed to claim your refund, should you choose to do so. You do not need to have any more understanding of how smart contracts work than you need to know about car engine mechanics in order to drive a car.  

You just need to know how to send Ether and Tokens from your https://www.myetherwallet.com/ and this you can easily learn on YouTube, or on https://angelinvestors.io/invest

The refund is a fully automatic process that is built into the Ethereum smart contract, allowing YOU as the investor to "back out" of Angel Token with a minor loss of maximum 20% in the event the price of Angel Token on the exchange does not rise like you expected, or if you are not happy with us as a team and how we are running things, or the investments we are making etc.

For whatever reason you would rather get your Ether back you can choose to do so with 80% until March 7th, 2018, and 40% from March 7th until April 26th.

You simply send back the amount of tokens that you want to refund FROM THE SAME ETHEREUM ADDRESS THAT YOU INVESTED IN THE ICO FROM, (so you MUST have control of this address and it can NOT be an address on an exchange). Then within a few seconds your Ether is automatically refunded to your address.

So there is no complicated process to go through, (and there is no "approval" needed from us or anything like that).

You as the investor have total control.

Partial refunds are also possible. So if for example you are not particularly happy with how things are going in a couple of months, but you would like to remain with 10% of your original investment in the project you can refund part of your tokens if you want.

The only conditions are:

1. You must have purchased Angel Tokens during the ICO, and you must have the private key to the wallet you sent your investment from. We strongly recommend https://www.myetherwallet.com/ but other Ethereum wallets such as Mist will also work. The refund is ONLY applicable to investors who buy tokens during the ICO. It is not applicable to those only acquire their tokens on an exchange.

2. You can not refund MORE tokens than you purchased during the ICO.

So if for example you buy 100,000 tokens during the ICO and then another 100,000 on the exchange a few weeks later when we are listed there, you can ONLY refund a maximum of 100,000 tokens, which was the amount you got through the ICO.

The point is that there is no complicated process or knowledge needed, and YOU as the ICO investor have total control over what you want to do. We think this is the future of ICOs...  

you didn't read this?
ADDED: We try to keep this Announcement thread useful for potential investors, so please do NOT ask repetitive questions that have already been answered numerous times in this thread, regardless if they are about bounties or anything else, they will be deleted. Please read the thread and our answers before posting and make sure you are asking something original. Thank you!

Much appreciated that you deleted the wrong link, and pointed it out to us, and we look forward to seeing you on the inside!  



Thanks again for stepping in and helping out.  



Yes, GoldenOrder is correct. You need to return to https://angelinvestors.io/invest/ after the ICO has launched and you will find instructions on that page on how to add the token so you can see it inside your https://myetherwallet.com/ and how many tokens you have etc.

You can not add the tokens to your wallet yet, because they are not minted yet. Only once the final smart contract has been deployed on the Ethereum Network and we have published the ICO address can you add your tokens to your wallet. So after 12:00 GMT (midday) on November 27th you can do this.  

I don't know much about smark contracts.. How are we as investors going to be able to execute the smart contract to redeem 80% of our capital back?

Thank you for your questions/comments, we welcome all types of questions as long as they are original and not things that have been repeated and answered several times in this thread already.  

The team question and why we have chosen to stay semi-anonymous is one that has already been answered numerous times here: https://bitcointalksearch.org/topic/m.24381667 and here: https://bitcointalksearch.org/topic/m.24863632  and here: https://bitcointalksearch.org/topic/m.25057118

However, I want to address your other questions/concerns.


Yes, since the early 2000s we have as a team operated a very successful marketing business that have generated several million dollars in net profits. (For complete transparency I should point out that the majority of those large profits came from the years up until around 2011/2012 or so. We still operate successfully, but business is nowhere near what it was 5 years ago.)

Although we made our first Bitcoin investments in 2011 we are not massively wealthy Bitcoin multi-millionaires. We had a substantial amount of Bitcoins stolen from one of the early exchanges, and we also sold off a large chunk the first time Bitcoin crossed $1000, (yes it is not one of the trading decisions we are most proud of today!   ).

Our mining operations in 2014 were more on a "hobby level" than a professional operation. In total I think we generated the equivalent of 22-24 Bitcoins from all of our combined mining rigs, and once you accounted for equipment and electricity it was only marginally profitable if you discount the rise in price of Bitcoin, (compared to buying coins at the current rate).


There is no "big rush for an early sell with the big bonuses".

We have explained this earlier as well, but let me try again.

We believe that the current system under which most ICOs operate is kinda "broken", and we wanted to try something new...

Most ICOs see the vast majority of investments come in on Day 1 and then a rush on the last day of the ICO.

This just doesn't seem right to us.

What we are doing is rewarding investors with bigger bonuses the earlier they get involved, on a sliding scale in relation to the overall investment in the ICO.

We believe this is a fair way to reward risk taking.

If you are interested in investing in our ICO feel free to wait until the last day, just understand that it is going to cost you in terms of smaller bonuses that are instead rewarded to those who choose to invest ahead of you.

With the way our sliding scale bonus system works, (please see the white paper for exact details), it is a gradual decline in bonuses from the first million tokens sold until the last, and with very generous bonuses for the first several million tokens sold.

This has nothing to do with creating FOMO, because everyone is aware of the rules and how everything works BEFORE the ICO starts.

Investors are then free to choose their own entry point and willingness to accept risk, but the earlier they get involved the higher the bonus.

We believe this in combination with our Guaranteed 80% Instant And Automatic Investor Refund through our Ethereum smart contract is the way most ICOs will operate in the future.

It is fair to all investors, and just like with Bitcoin or any other coin, the earlier you decide to get in the more profit you will make.

Since most teams don't need 100% of the funds raised on Day 1 there is no real reason for most ICO teams to hold onto vast amounts of investor funds from Day 1, especially when those funds are not efficiently deployed in the market.

Our smart contract significantly reduces the downside risk for all investors, by allowing the investors to "be in control" of 80% of their investment (and claim it back if they wish for any reason) until the day it is actually needed.


1. This ANN is almost 2 weeks old by now.

2. We have been actively working on this project since June of this year, but yes the announcement was only published when we knew we were ready to launch shortly. What is wrong with that?  

3. During the past 2 weeks we have published the source code for our smart contract on Github, ran a public bug hunt and gone through an official audit of the smart contract with a 3rd party Solidity expert coder.



Then I am afraid that you have completely missed the main purpose of this ICO and what it is we are trying to do.

One potential investor in our Slack channel yesterday described our project as a "crypto-incubator", (a bit like Y Combinator), for "sleeping and forgotten altcoins with huge potential".

We think that is a very accurate description.

The main purpose of Angel Token is to create long term wealth for its token holders, by building up a portfolio of small to medium size altcoins, as well as to pay regular dividends in Ether to its token holders.

As we have explained in our white paper we are not just a "passive portfolio" holder like most crypto funds, but rather an active one.

We will invest in low to medium marketcap altcoins that have a good coin and a solid foundation, but that may be lacking in one or several areas.

That could be anything from a lack of funds to hire a full-time developer to work on the coin, to a lack of marketing skills, to something as simple as missing nodes/mining power, or a broken wallet.

We will work TOGETHER with the founders, community and other large stake holders of those coins to try and help them succeed, both in terms of awareness, adoption rate and to raise their market caps.

We wil be doing these investments after thorough research and discussions inside the Angel Token Private Investment Community, where everyone on the inside will hold a significant amount of Angel Tokens (minimum is 10,000). This way everyone's goals will be aligned, (with the main goal obviously being to increase portfolio value and dividend payments to Angel Token holders), and we will all work together achieve those goals.

We do not wish to try to "convince" anyone who feels this is "too risky" at the moment, and we will happily welcome you at a later stage, if at that point you would choose to invest.

However, we would like to remind everyone that ONLY those investors who purchase Angel Tokens via the ICO, by sending Ether to our smart contract address, are covered by our Guaranteed Investor Protection which assures that they CAN NEVER lose more than 20% of their investment before March 7th 2018.[/u]

If you choose to buy Angel Tokens on an open exchange at a later time, there is no downside protection should the price at any time go against you.

We hope this answers your questions and clarifies a few things.



ADDED: We try to keep this Announcement thread useful for potential investors, so please do NOT ask repetitive questions that have already been answered numerous times in this thread, regardless if they are about bounties or anything else, they will be deleted. Please read the thread and our answers before posting and make sure you are asking something original. Thank you!  

But I can not see Decimal, symbol .v.v. in https://angelinvestors.io/invest/

I'm exiting with your road map. Both short and full version!

I should go to update my cv since the first one-cell started to improve itself till became me XX century.
Very interesting and long story by the way. But will it help you if you want to hire me?

Hope to see faces of the team. Better on video.

On minute 5:08 of this video they explain how: https://www.youtube.com/watch?time_continue=308&v=OUlWTjJ4ufQ

Got it, I just edited and deleted the wrong address.




You can count on that!.

How can I add this Token to Myetherwallet ?

This is a very interesting project. I advise everyone to read the white paper. This could be very big very soon, could even get as big as BitConnect.

some red flags push me out
- anonymous team (people that already made millions according to the website, and now need to run an ICO ?, why ?)
- big rush for the early sell with that big bonuses, creating FOMO in the investor + this ANN is just a few days old....
- the reasons for creating a token seems not clear at all for me, can´t see at all the "use case"... businnes angels clubs already operate just in fia or eth/btc directly.

I´ll keep and eye on it, if the project gets released and proves to be legit and alive in some months, i might jump in at a more advanced stage

I think I have read everything on you website, in your white paper and here on the forum now, and everything you guys say makes perfect sense!

I so hope this ICO takes off and becomes a real success, (as long as I still get the best bonus of course! ), because there’s real value to be had from backing up an undervalued altcoin and helping it thrive. There are many great coins that are almost forgotten due to poor marketing or some other relatively minor problem.

There is literally Billions to made by investing in and bringing some of these great but forgotten coins back to glory!

I also love the idea of being part of the angel token private investor community, and knowing ahead of everyone else which coin is going to rise in price in the coming weeks and months.

I am going to sell everything and accumulate as much eth as I can in the next few days to take part in this ICO in a big way, because I think it will be a huge success, and in this project I get to be a part of making it a success too!

putting on my  watch list

Yes, it is quite likely that some early ICO investors will take advantage of the generous bonus structure for the early investors, purely to flip them for a quick 5x or 6x gain on the exchanges as you suggest.

However, what we don't think you will see is the price tanking as a result of this, (and even if it does we expect that to be short lived).

Let me explain why...

Every investor who decides to come on board and invest in this project during the ICO has a Guaranteed Investor Protection that makes it IMPOSSIBLE for them to lose more than 20% of their Ether investment before March 7th, 2018, because they can simply refund instead if they risked losing more from a lower exchange rate price.

Now let's assume a worst-case-scenario.

1. A large investor comes in early to take advantage of the generous bonus and gets a lot of extra bonus tokens. Immediately after the ICO is over he goes on to the exchanges and dumps his newly acquired Angel Tokens for a tidy profit of 500% or something similar.


2. As a result the price of Angel Tokens start to drop...let's assume it drops by 35%.


3. Now, as an ICO investor you know for a FACT that you can at any time, instantly and automatically, get 80% of the your Ether investment back by simply returning your tokens to our smart contract address until March 7th, 2018.


4. Would you rather return your tokens for a refund with a 20% loss or would you rather sell them on the exchange with a 35% loss?


We think the answer is obvious!  


In this sort of situation it doesn't make ANY SENSE for ICO investors to sell their Angel Tokens on an exchange with a bigger loss than 20%, because they already HAVE that as a built in guarantee in the smart contract. A guarantee that they can execute it INSTANTLY and AUTOMATICALLY themselves, without asking anyone's approval or permission, or checking that there is enough funds in the Angel Token Central Bank.

80% of their Ether investment is secured in that smart contract, and they can view it themselves on the blockchain at any time to see it is still there, and they can get it back instantly at any point they so desire up until March 7th 2018.


So my point is this.


The ICO investors are already PROTECTED from any "tanking" of the price of more than 20%, so the only time it makes sense for ICO investors to sell their Angel Tokens on an exchange before March 7th, 2018 is to do so with a profit, not if the price "tanks" as you suggest.

We are also very interested in seeing how this kind of unique Guaranteed Investor Protection that we offer will affect the price on the exchanges, but we don't think it will have a negative impact...rather the opposite.





Both the Angel Token Official Code Audit and the Bug Hunt are nearing their conclusions, and no, the website was not included in the bug hunt.

However, if you think you have spotted some vulnerability or potential breach in our website that could be damaging to us in any way, please do reach out to us. If it is indeed something that concerns us and a valid issue we will make sure that you get some sort of reward.  

Just a point on anonymity though, because I think you may have misunderstood what we mean with it.

We are not trying to "hide" from investors or the public at any cost!

We even use our first names when chatting with investors in Slack, on the website or in other places.

We are normal people and we have to provide various kinds of documents like everyone else when we trade on exchanges or open accounts in various places etc.

We are not criminals that are trying to hide from anyone...

That is NOT what our semi-anonymous ICO is all about.  

I explained this in an earlier post that I will quote from here below a bit. Both our reasoning for this and what levels we go to.

There is a vast difference in trying to hide your identity at any cost from anyone, and flashing your name and credentials, business contacts, home address and other revealing information on a public "Team Page" for any lazy government investigator in any country to see.

As I said in an earlier post...

Do you also reward for any CVE regarding your web application / server... ?

As I understand, angelinvestors.io want to be anonymous regarding their dev/team... If I found breach that reveal the information of one or more of your team, do you pay for it too ?

Thanks,

But if early investors will have 690% ROI won't they just then dump their cheaply bought coins on the market to realize a 5X or 6X gain, thus tanking the price as usual?

---

If you have some time, please reply to my previous post, it has not been replied.

The questions are now marked on Bold

That is a great detailed analysis of how it will work. So when you word it like that it makes me think more in terms average investors think of. I can now describe it as a basket of crypto stocks like efts, trying to get the best return with the lowest fees and risk exposure. I know thats not best wording about risk in crypto currencies lol.

P.s. on a side note are you all doing anything like on facebook or telegram to join. I know you had said a project was coming up and updated sign up to join.

Thanks , fixing it now!