Topic: [ANN][ICO] «Envion» Most Profitable Self-Expanding Crypto Infrastructure - page 60. (Read 125669 times)

After reading this last update which appeared couple of hours ago. I think this case will not take much time to reach at some solution. They are using legal actions against each other and who will remain winner will have funds and continue development. This is also getting public attention as scandals also are good source of marketing and publicity.

I am definitely on the side of the Envion Founders.

Mr Woestmann is the one to blame and justice will be done to him. Don't fall for his tricks

envion investors and bounty hunters really worry about envion project current sitaution.
i hope envion will be back on track very soon. i really appretiate envion team struggle but when they do not answer then ..
we are get bit hype. i will wait little more and please fix the problem as soon as possible. good luck.

Look over the domain name that is not from original project so you should wait instead fell into this kind of trap. In latest update the team explained in details they are still working hard to find a reasonable solution for all community.

https://medium.com/@TradoGmbH/envion-ceo-faces-charges-diverts-attention-with-trumped-up-counter-story-ef8c18ce83e5

Everyone saw that something went wrong. The lack of communication was a first sign. So the statements of the CEO are good news.

You have to understand whats happened. PWC has quit contracts because they have seen a fraud. They wanted to prevent damage to their name if they continue to audit envion, so they had to quit.

Now the important thing: The CEO took over the company AFTER the fraud was detected (thats what the tech guys called a hijacking or a fraud to them).

But this was the only way to ensure, that only a small part of the money (some millions) is gone. He saved the money of the investors. The money is still on envions bank account available.

The only problem (for the ICO investors!!!) is now, that dividends will be created later as planned.

So the money is saved. Envion will probably become real (later as planned) and dividends will be created in some months. Maybe end of the year. But the money was saved.

So I can only repeat. Consider this as GOOD NEWS. Because somebody tried to steal money and the CEO detected it and saved a huge part of the money.

If the tech guys would be right, the money would have been gone. Then everyone had to wait for some civil court decisions. I think that would take years. But at least I'm sure that this version of the story is correct. Otherwise noone could explain why PWC left envion alone after the creation of the token and NOT after the took over of the majority of the company from the CEO. Just look at the timing.

I hope we have some good news about this project soon and goes up again. This starts to be worrying.

That can not be checked.
When I look at all illegal sold tokens, I see that everything has gone to hitbtc
https://etherscan.io/address/0x07398fe796078d552f68cbe6a44af71ab3f1cbfa#tokentxns


hitbtc is a centralized exchange. so every token can not be traced after it leaves hitbtc to the current holder. Only hitbtc can get a problem with this. hitbtc is an envion holder and therefore owns iligale tokens

Suppose that a buyer from the ICO did sell some of his tokens at an exchange. Is he going to get the EVN2 tokens? (I suppose no, as it would increase the number of tokens)
Also, how are they going to deduct which tokens is illegal as it may have been sold on a legal exchange?

Explain that

https://etherscan.io/address/0x462cd55eae454ced675a267d22ebafe743b96528#tokentxns

news update on envion-recovery [18 may]

https://envion-recovery.org/to-our-respected-envion-investors/



Token-Swap-Structure:
All holders of original ICO tokens will get one new for one old token
Buyers of legal tokens on exchanges will be traced as far as we are able to; our blockchain developer (will introduce him to you later next week) has created his new tool “Etherlytics” for this purpose
interesting Buyers of illegal tokens will have to go via a law firm to make claims against the creators of illegal tokens

where are the illigal tokens sold?

The CEO is right, they got $100 000 000, but there is 127 425 494 tokens if you look at Coinmarketcap. And 1 token should be $1... This ICO looks like Titanium ICO... (BAR/TBAR)

People who bought EVN at the exchanges are going to lose everything? As only the initial investors are going to get the EVN2?

If you look at the whitepaper, the Envion team should get 17% of the tokens in total, 83% tokens for the investors.

The max token should be: 120481927.7
The token for the investors should be: 100000000
The token for the Envion team should be: 20481927.7

Yes, there are two sides.

The other side said, that they have created so many Tokens for the creditcard transfers and so on.

But they used not one address where they "parked" These Tokens, they used hundreds of addresses.

And they havent stored it till the creditcard transfers were valid (this will happen at July! because of the 6 months after the ICO), they have sold a part of it (millions!).

Theoretical everyone is able to see that, because every transaction is on the bockchain. Maybe they forgot that you even could trace this on the blockchain even when hundreds of addresses are involved.

Just check when Price Waterhouse Cooper (PWC) left envion alone. With that I mean the timepoint when they quit the contract as an Auditor of envion!!! They have done this not now! They have done this immediatly after the ICO. They have done it before the CEO took over the control. They have done this as a result of the Actions that happened with the smart contract (creation of 127.000.000.000 Tokens!). Who has control over the smart contract? The programmers of it the so called founders or the CEO that was the head because he has a history in Investment and green energy???

Additional you can consider PWC's reaction, you see at what time something went wrong! And that was the time directly after the ico and not when the CEO took control of the Company which was weeks later.

And you should know the regulatory side. Who is responsible for the Investors? That is only the CEO. His provate capital could be involved if the Regulator FinMa sees a fraud here that something is stolen from the Investors (token buyers).

So he has something to loose here. Not the tech guys.

Well that's only one side of the story.
We do not know who is in the right, or if there's even a side that's honest at all.

I tend to believe the other side. But in the end that's just me guessing and of course. Since i'm a technician. I tend to believe other tech people.

You have to read the actual News.

The EVN token should be worth NOTHING, because there will be no dividends at all.

Due to a fraud envion has to create a new TOKEN called EVN2. This token will be distributed to the original Investors. They will receive this token automatically.

For the old token the CEO of envion tried to get the exchanges to Close the trading, but I would expect that this token will be available and could be traded as before. But you never will get any mining reward. Due to the fact that there were far too many Tokens created after the ICO, the envion CEO decided to stop this fraud and to start a criminal Investigation.

He starts to create the new token EVN2. That one will receive the mining results. And only the Investors of the ICO will get automatically the new token.

Please consider the official CEO Statement on:

www.envion-recovery.org

There is everything explained:

And only this Website will be the official Website because the old Website is under control of the guys who "accidently" created 40 Million token more as they shoud and who "accidently" sold a part of those Tokens for millions.

Maybe it is no fraud, because they created and sold the token "accidently" ^^

Of course, the value of the token is important because, as far as I understand, the value of the token can be similar to an action in the stock market, if it is in decline and due to the lack of interest of its shareholders or the project is not being what was promised.

I think we should move on as this kind of issue may take months or even years to resolve. I also didn't get my payment too. I had a feeling that there must be something wrong with envion. Why is it so hard for an ICO which collected $100million to pay the bounty participant? And this is it.

This is not a scam project although there are some ongoing issues but I hope this will get sorted out soon. That is dispute between dev team but they will find the solution how to give relief to all investors.

Envion did not send bounty payments now I heard about another problem with this project, is it true that it is scam?

is there already a mining project that works really well and people get a lot of money ( ROI)?  i don't know anyone until today. all ico with this project are gone or don't bring any money.

It's better not to put all the eggs in one basket. I also invested and would be verry happy if they could pay dividends.
Still I believe they will get over this problem.