[ANN][ICO] «Envion» Most Profitable Self-Expanding Crypto Infrastructure - page 191.

envion

member

Activity: 70

Merit: 10

Quote from: liquidcryptos on December 15, 2017, 01:55:50 PM

So I read the prospectus and I found a RED FLAG. It allows the company to buy back your token at any time, for 1$. they just have to give 60 days notice:

"The Issuer reserves the right to redeem the Tokens at any time prior to the Termination
Date up to an amount representing 99.9% of the equivalent of USD 1.00"

This needs to be addressed by Envion.

This is on page 12 of the prospectus: https://static.envion.org/kyc/Envion_Prospectus.pdf

"I TERM OF THE TOKENS
I. Term of the Token
The Tokens are issued for a period of 30 (thirty) years starting with commencement of the
Subscription Period (the end of that period: the “Termination Date”).
II. Redemption of the Tokens
1. The Issuer reserves the right to redeem the Tokens at any time prior to the Termination
Date up to an amount representing 99.9% of the equivalent of USD 1.00 (in words: one USDollar)
per Token. Notice of early redemption shall be given pursuant to clause M (Notices)
not less than 30 nor more than 60 days before the day fixed in the notice on which any Tokens "

It's not a red flag, it's standard in every single security or equity purchase agreement.

https://en.wikipedia.org/wiki/Share_repurchase

Clam.E.Jackson

newbie

Activity: 27

Merit: 0

Quote from: envion on December 15, 2017, 02:17:11 PM

Quote from: Peke on December 15, 2017, 02:10:46 PM

That KYC verification is a complete joke. Never got to a next step after entering address details. Glad I sent just small deposit to see how it goes.

Seems like it's better to hold our horses before they make clear statement on that redemption clause.

We're sorry to hear you're having a problem with the registration process.

Our KYC vendor is proving to be a bottleneck for many investors due to the high volume of investors that require clearance.

If your transaction was successfully processed—congratulations!—your tokens are reserved for you.

You can go back at a later time when there is less traffic and finish the process. There is no hurry; you can come back any time in the next few days and finish the transaction.

If you purchased using Ether, you can check your transaction success here: https://etherscan.io/address/0xd780ae2bf04cd96e577d3d014762f831d97129d0

Thanks for your patience. Let us know if there is anything more we can do to help you through the process.

I have successfully submitted my KYC and had the confirmation email. When will the tokens be distributed? Not that I am in a hurry, I would just like to know.

envion

member

Activity: 70

Merit: 10

Quote from: Peke on December 15, 2017, 02:10:46 PM

That KYC verification is a complete joke. Never got to a next step after entering address details. Glad I sent just small deposit to see how it goes.

Seems like it's better to hold our horses before they make clear statement on that redemption clause.

We're sorry to hear you're having a problem with the registration process.

Our KYC vendor is proving to be a bottleneck for many investors due to the high volume of investors that require clearance.

If your transaction was successfully processed—congratulations!—your tokens are reserved for you.

You can go back at a later time when there is less traffic and finish the process. There is no hurry; you can come back any time in the next few days and finish the transaction.

If you purchased using Ether, you can check your transaction success here: https://etherscan.io/address/0xd780ae2bf04cd96e577d3d014762f831d97129d0

Thanks for your patience. Let us know if there is anything more we can do to help you through the process.

Peke

member

Activity: 117

Merit: 14

That KYC verification is a complete joke. Never got to a next step after entering address details. Glad I sent just small deposit to see how it goes.

Seems like it's better to hold our horses before they make clear statement on that redemption clause.

liquidcryptos

jr. member

Activity: 34

Merit: 1

So I read the prospectus and I found a RED FLAG. It allows the company to buy back your token at any time, for 1$. they just have to give 60 days notice:

"The Issuer reserves the right to redeem the Tokens at any time prior to the Termination
Date up to an amount representing 99.9% of the equivalent of USD 1.00"

This needs to be addressed by Envion.

This is on page 12 of the prospectus: https://static.envion.org/kyc/Envion_Prospectus.pdf

"I TERM OF THE TOKENS
I. Term of the Token
The Tokens are issued for a period of 30 (thirty) years starting with commencement of the
Subscription Period (the end of that period: the “Termination Date”).
II. Redemption of the Tokens
1. The Issuer reserves the right to redeem the Tokens at any time prior to the Termination
Date up to an amount representing 99.9% of the equivalent of USD 1.00 (in words: one USDollar)
per Token. Notice of early redemption shall be given pursuant to clause M (Notices)
not less than 30 nor more than 60 days before the day fixed in the notice on which any Tokens "

ceaa

newbie

Activity: 56

Merit: 0

Quote from: CreamyG31337 on December 15, 2017, 12:34:45 PM

what is this :
"and add the following string in the data field: 0xb999999"
maybe i can't use coinomi?

That doesn't seem to be the right data. Please check the token sale guide they have published. https://www.envion.org/en/download/tokensale_instruction.pdf

I don't know if coinomi is usable, but MetaMask is what Envion recommends. MEW is always a valid option to use as well.

premium_domainer

legendary

Activity: 1764

Merit: 1012

It says "12,721,265.46USD raised."

But also says $ Prices shown are per EVN token.

So the amount is 12,721,265.46 * 0.70 (current price) = Near 9 million dollars.

Or 12,721,265.46 is really in usd?

Both are amazing numbers but want to know which one is accurate.

cryptoj3sus

newbie

Activity: 29

Merit: 1

OMFG ! It tells me Investments from Germany are not permitted.

WTF? Huh

CreamyG31337

member

Activity: 113

Merit: 10

what is this :
"and add the following string in the data field: 0xb999999"
maybe i can't use coinomi?

vlalonca

newbie

Activity: 14

Merit: 0

Its on my eth wallet under section show tokens.

Macht

member

Activity: 68

Merit: 10

Quote from: vlalonca on December 15, 2017, 11:35:20 AM

Damn i receive my token and my KYC is not over.

Can they took my token away from me?

Damn i dont undertand this anymore

Did they send the tokens to your personal address or are they within their platform?

If they have sent them to, for example, your myetherwallet.com address, then nobody can take it away from you. If it's within their system, they hold the private keys and have control over it.

vlalonca

newbie

Activity: 14

Merit: 0

Damn i receive my token and my KYC is not over.

Can they took my token away from me?

Damn i dont undertand this anymore

JHtoko

newbie

Activity: 5

Merit: 0

I also got my tokens. Damn we are doing well with the raise! Gonna be a tough one before making it to the 150 million. I would also say that it might be smart too communicate to the outer world Envion. To assure the credibility. As for people do not like to take risks. They want to know what they are investing in.

Share some actual data to the outer world. To comfort the potential investors and show them what they would invest in.

Erase the thought of a scam!

caleb150

newbie

Activity: 126

Merit: 0

I think they have a credit card limit at 5,000 usd, but should fix this limit soon and a smooth ICO

Clam.E.Jackson

newbie

Activity: 27

Merit: 0

Quote from: caleb150 on December 15, 2017, 11:05:33 AM

Quote from: Clam.E.Jackson on December 15, 2017, 10:57:20 AM

Quote from: ?? on ??

Once you get the email confirmations for all the documents uploaded you are set even if the last screen stays stuck on the loading screen.
I asked in telegram and they said it was not problem and you can still verify your ID etc.. later.
I already recieved my tokens in myetherwallet after adding custom token.

I am waiting on the upload now. Did they give out a link with the custom token details?

Try clicking on the address you sent the payment. You should find a contract number. Copy and paste those numbers to the custom add token, then you should get your token.
If you are using Eth, find the contract number via etherscan by imputing the address you sent your Eth.
Once have the contract number, you can now add the token manually via metamask.
Hope this helps.
Good luck guys

Nice! I thought about doing that. Will try it now.

Thanks for that

10 million raised in one hour apparently! madness

caleb150

newbie

Activity: 126

Merit: 0

Quote from: Clam.E.Jackson on December 15, 2017, 10:57:20 AM

Quote from: ?? on ??

Once you get the email confirmations for all the documents uploaded you are set even if the last screen stays stuck on the loading screen.
I asked in telegram and they said it was not problem and you can still verify your ID etc.. later.
I already recieved my tokens in myetherwallet after adding custom token.

I am waiting on the upload now. Did they give out a link with the custom token details?

Try clicking on the address you sent the payment. You should find a contract number. Copy and paste those numbers to the custom add token, then you should get your token.
If you are using Eth, find the contract number via etherscan by imputing the address you sent your Eth.
Once have the contract number, you can now add the token manually via metamask.
Hope this helps.
Good luck guys

Clam.E.Jackson

newbie

Activity: 27

Merit: 0

Quote from: ?? on ??

Once you get the email confirmations for all the documents uploaded you are set even if the last screen stays stuck on the loading screen.
I asked in telegram and they said it was not problem and you can still verify your ID etc.. later.
I already recieved my tokens in myetherwallet after adding custom token.

I am waiting on the upload now. Did they give out a link with the custom token details?

caleb150

newbie

Activity: 126

Merit: 0

Quote from: BigBoss21 on December 15, 2017, 10:42:22 AM

Quote from: ?? on ??

Quote from: vlalonca on December 15, 2017, 10:12:30 AM

dont Know after i put my name and last name, date of birth and click on next step, now next step is pending

It stayed stuck on the page for uploading after recieving confirmation emails so I just closed it after adding custom token to myetherwallet with the adress I sent it to my tokens showed up in my wallet wich is pretty cool.
Verification will take a acouple of days but atleast I got my tokens already Wink

The exact same thing happened to me.

Hope someone can clarify whether our part is done or are we supposed to redo the application.

If you go to add token and input the contract numbers. We will find the tokens are in your wallet. However, the verifying process of ID is still spinning. An email sent to me saying the ID process may takes few days.
Anyhow, tokens are received.
Try checking the metamask.

Bitcoin_daddy

newbie

Activity: 7

Merit: 0

Quote from: Clam.E.Jackson on December 15, 2017, 10:45:22 AM

SORTED!!

Send Selfie of just yourself, NOT with ID. Confusing because most other ICOs ask for a selfie they want the ID in it.

Got mine accepted now

That is what I figured out as well.

Clam.E.Jackson

newbie

Activity: 27

Merit: 0

SORTED!!

Send Selfie of just yourself, NOT with ID. Confusing because most other ICOs ask for a selfie they want the ID in it.

Got mine accepted now

Topic: [ANN][ICO] «Envion» Most Profitable Self-Expanding Crypto Infrastructure - page 191. (Read 125671 times)