Topic: [ANN][ICO] WORLDCORE: Trade WRC token on HitBtc and OKex - page 2. (Read 52204 times)

https://worldcore.eu/News/93/urgent-notification



11.02.2019
Dear Clients,

Worldcore informs about closure of banking facilities for unknown period. We kindly ask all Worldcore customers to withdraw remaining balances to bank accounts before February, 25.

Withdrawals are allowed only to the name of the account holder at Worldcore. Please be informed that Third-party transfers are not available anymore.

Since this day, bank transfers will be unavqilable and impossible for unknown period.

The list of force-majeure reasons is very long and we share it with our customers with full transparency as we always did.

The company started it’s operation in the end of 2015 and we already reached around $100 Million annual transaction volume in 2017. Worldcore was built without attracting venture funding or any other third-party investors.

We built strong team of over 30 experts in all fields required for operating successful and rapidly growing - developers, marketing team, sales department, legal& compliance department, KYC department.

We build a lot of partnerships by the end of 2017 and Worldcre almost reached break-even point first time in August 2017, while having almost 150,000 Euros average monthly operational costs.

In the end of 2017 we lost our 2 key financial partners - Rietumu Bank and Wave Crest Holdings. Rietumu was used by Worldcore as main operator for bank transfers and Wave Crest was the card issuer. We had the highest ATM withdrawal limits on the market and everything worked like a clock in both directions until these institutions got into problem with authorities. For example, Rietumu got fined for 80 Million Euros in world-famous French AML case. Wave Crest lost it’s license with Visa and got tons of restrictions for MasterCard card programmes.

Initially, we didn’t think that such situation can ruin our well-established company, we had around 5 more backup bank accounts for operation and we immediately started looking for new card issuer to resume issuance of debit cards as soon as possible. Meanwhile, the company has lost almost 90% of it’s monthly revenue due to these force-majeurs and got a lot of reputational losses, while being under informatioon attack, which we reported every month and hired experienced lawyers to fight with hundreds of mass media, which published false and paid materials blacking our repiutation.

Overflood of such content about our company became a one more non-breakable wall to build new partnerships with card issuers and banks because every compliance team does it’s own due diligence with google search results as well.

Morerover, almost every next month after November, we lost our backup bank accounts one by one. In accordance with EU payment services and banking laws, banks has no right to close or not to open an account without a reason, but all of them did it this way and it’s absolutely illegal from their side.

Many time we were asking for assistance from our regulator Czech National Bank. They were are always totally passive to this situation, even when Worldcore and other Czech payment companies submitted collective dispute for illegal actions and ignorance of FinTech by banks. Reaction of regulator to any of our (or other’s) requests usually takes months and in most cases doesn’t bring the expected result, which has to be backed by the law, which we always followed.

By summer 2018 situation with banks became critical and we were unable to process withdrawals of our clients, we had no other choice than to open an account with similar payment company to process people’s transfers, and we succeeded with it. In accordance with the European law, payment institution can hold client’s funds in credit institution (bank) but not in another payment institution. This so-called violation from our side was confirmed with Czech National Bank because otherwise thousands of people will have no access to their funds in Worldcore accounts and will send them millions of disputes that Worldcore doesn’t process payments.

Meanwhile, since September 2017 to December 2018 Worldcore was under the strongest information attack initiated by criminal group from CIS countries to discredit company and involve in BlackPR war of 2 criminal groups. The reason for such attack, which costed us million Euros of losses (direct losses, neverending legal fees to communicate with mass media and submit 1000s disputes for deletion of Black PR articles against Worldcore.

All this period the monthly operational loss of Worldcore only grew because by the time of 10/2017 it was a large established business with high revenue, high transaction volume, visibility and popularity on the market.

A lot of our colleagues which we communicate with are close to business closure due to complete shock of what’s happening on the market and how almost all banks violate the law of working with payment institutions and providing accounts for them.

When we started obtaining required codes for direct connection to SEPA network and process EUR transfers without using banks and with providing dedicated IBAN account for each customer, all three providers of such facilities (Banking Circle, Central Bank of Lithuania, SolarisBank) answered almost the same - they can’t allocate sufficient resources at the moment to onboard Worldcore. The law doesn’t allow to block access to banking services for Fintech companies now, but according to current reality, professional bank lawyers now just started linking to their internal technical issues and impossibility to allocate resources for providing access to banking services for fintech companies.

Please also note that each answer from every organisation starting from regulator and ending by card issuer is a very slow multi-weeks or in the worst-case multi-months chat where nobody cares (except our team) about our monthly operational losses, which we couldn’t even reduce because the whole infrastructure became too big by the end of 2017 and was build step by step while the company and load to employees was rapidly growing.

Unfortunately, we are already out of physical and financial resources to keep fighting and breaking 10 non-breakable walls the same time, waiting and hoping for the best while dealing with almost every organisation - banks, regulator, card issuers.

Such combination of barriers and total passiveness of regulator in all of these cases is a headshot with guaranteed death to any fintech business. Our team spent over 5 years to build this project from the scratch to the state, in which you currently see it, we have been working day and night, there are hundreds of thousands lines of code in Worldcore software and the same number of hours of legal works. Since 2017 our life turned into hell, we didn’t give up but we are out of power and finances to keep waiting for something better and miracle from this industry according to what’s going on in 2017, 2018 and 2019 with regulations, authorities and relationships between banks and fintech companies, if this horror can be called relationships.

Worldcore team sincerely hopes for everyone’s understanding, we did all that we could and this measure is forced by large number of circumstances where chances to survive for the company are close to zero.

Please withdraw your unspent balances from accounts before February 25.

Withdrawals are allowed only to the name of the account holder at Worldcore. Please be informed that Third-party transfers are not available anymore.

After this date it will be impossible to be done yourself in Worldcore accounts because we cannot continue finance large Amazon technical infrastructure to continue supporting payment system.

We apologize for inconvenience caused by all of circumsances listed above and we are proud to say that we did our best to delivery the top quality financial services in accordance with mission of our project.

New Whitepaper .
https://drive.google.com/open?id=1R9BzCsEJVDttwocAuohTUzScQfXQ6uwk

Just Wait on 31 March 2019 You will see they are scam or not . I am believe there . They will give profit for worldcore holders with ETH

some time ago I saw many people who said that this project was a scam. but today I was surprised when I saw the volume of this token that reached up to 135 ETH. So how exactly is this project?

That sounds horrible. Did you pay with Bitcoin?

There are plenty of tokens that don't have enough volume and the exchanges take them away! We don't give a shit about that!

WRC is an income token, it's not for speculation!
So it's normal that there's less volume. But there are many very good projects that have the same things, no volume practically. That's how there are thousands of tokens in the list, we're interested in the top 200 maximum population.

Really we keep calm ? the exchange want to delisted Worldcore, Okex & HitBTC i think have something wrong from Worldcore side. Maybe the problem about their project or dont have enough volume.

Keep calm guys. time will show everything . Don't worry.  2 options  : you will earn a lot of money  or nothing(look like now) so don't worry...

You're in red. Fintech-EU no it is not in red. Maybe you see it in red. I see him as a Worldcore employee. You are a stranger, a nickname here on the forum, like me.
You're in red because you're a fraudster who comes in here to talk crap and attack people. Like three other people.
You're wearing red because it's justified.
Fintech-EU is in red unjustified.
It's easy to put a person in red, so I'll do it for you.

You too, the trust is in red!
Fintech-EU is the one who opened the forum, the administrator who allows to delete it is not him. But the administrators of the bitcointalk (their name is mentioned which moderates this position).
When you don't know much, you don't say anything !

He's in red because there are crooks who gave him a bad trust. It doesn't mean anything about trust. Fintech-EU is just an administrator who opened the subject and works at Worldcore. That's all.

The ICO is already finished at the beginning of the year. They exchanged and advanced their bank account platform.
It is true that the title of the forum is no longer relevant. The administrator who opened the forum should be able to change and put only Worldcore. But, this is the linked forum in Worldcore coinmarketcap.

Good to see the project is revived! I wish your team and project success!

For the position in the marketcap this means nothing. Since it's ranked on the total token value. So, if Worldcore removes part of their token they will downgrade even further, but if we remove tokens in the logic it will rise and would return more or less to the same ranking.
Do you understand how CoinMarketCAP works ?

is it true that trading WRC at Okex has been deleted? because I don't see the trade volume at Okex,
is this because the WRC is at position 946 in the coinmarketcap?

Very simple, I will try to buy to inflate my wallet which will then bring back an ETH income for the year. I'm not looking to sell, so that the token can be counted in a pro rata day.

If I want to sell a part, I can write on their forum related to their exchange and I ask for a person. Or else I exchange with a stable token. They have 2 stable tokens.

And what do you mean by that shill?
Since what time trading without liquidity become smart?
How could you sell anything if there is no buyers? 

So I reassure you that if I want to expand my wallet for more annual income, I go through worldcore.trade

Don't be silly

To date, there is no point in trading WRC in worldcore.trade without liquidity and marketmakers.
But i see that Coinexchange opened the WRC trade, these are the good news.

Contact Internet users and support: https://t.me/worldcore

You have the exchange https://worldcore.trade

Hitbtc is a rather poor and expensive exchange. On worldcore.trade the fees are very low.