I was asked by KUBOSCOIN, the issuer, to provide an Escrow address that is used to collect the funds for the ICO of KUBO Coins. (Requested Info by Issuer: KUBOSCOIN ICO LAUNCH AT 6TH JUNE 5:30 PM GMT)
Who am I?Iam SebastianJu, Iam escrow on Bitcointalk since years. Iam not connected to the issuer or the coin. Iam an independent third party who acts as an escrow in an attempt to make the ICO more secure. See my Servicethread for reviews:
[ANN] SebastianJu - Free Legendary Escrow Service - Escrowed over 8150 BTC.
Safety from EscrowOnce the Wallet and the KUBO Coins are released to the investors we will wait 7 days to see if problems arise with the wallet or Coin, then I will release the Bitcoins to the issuer. This way of handling things is usefull, the three days waiting time already stopped 2 scammy ICO's from happening, at least one other was stopped already before that time.
Please note that the safety I can provide only reaches up to the point where I released the bitcoins to the issuer.
Escrow AddressThe escrow address is:
194r4FnwazTj9itRUAJTAmGnE4wLXQyNUG
Before sending anything please check out the text about verification and refunds in the details part "Investor Verification" and "Refunds possible?".Before payment I would suggest you take a look at
http://www.cointape.com/ to check out if the network gets spammed again. Below the graph there is shown what amount of fee is needed to get instant confirmation. Checking that page could prevent that transactions are stuck for hours or days because they dont get a confirmation.
-----BEGIN BITCOIN SIGNED MESSAGE-----
160606 This is the escrow address for the ICO of KUBO Coins and the escrow address is 194r4FnwazTj9itRUAJTAmGnE4wLXQyNUG
-----BEGIN SIGNATURE-----
1K2UFGCKyNQNx4h2m5ZRCaw9BWHTBcCZAA
G2k/1mBX+op9OpjQNOlX5ZH1Lp333DaIW/vG4AKe2JyTJhEV2tZiRnS00TjF/LhjZIcbpUfzePMtCg6ii8ADYUI=
-----END BITCOIN SIGNED MESSAGE-----
Message signed with an old address of mine, that I posted may 2013 on bitcointalk. See my Servicethread:
[ANN] SebastianJu - Free Legendary Escrow Service - Escrowed over 8150 BTC.
You can check a signed message very easy. The fastest way is to visit
http://wallet-2sx53n.sakurity.com/#verify.
Investor VerificationThere are two ways to verify your investment which is important when, for some reason, the investment has to be refunded back to investors.
First way:
Only send Bitcoins from an address you can sign a private message from or at least where you are able to get the private key for that address! This is important since in case of REFUND you can't proof otherwise that you sent bitcoins when you, for example, sent the bitcoins directly from an Exchange. In that case better send them first to your wallet and then from there to the escrow address.
For information about what you need to sign a message you can check out this thread:
https://bitcointalksearch.org/topic/how-to-sign-a-message-990345Second way:
Another alternative to proof your ownership of a payment would be to send me the last 4 numbers of your user id
as satoshies in your transaction.
Move your mouse over my username, see my profile id is 18640. You can see yours when you are in your profile and hover the mouse over the links on the left menu. Something like u=18640 in the links show your User-ID. The last 4 digits are 8640. When you add these 4 numbers as satoshies to your payment then it is pretty sure it's your payment too.
For example you want to send 2 bitcoins and your profile id would be 18640 then you send 2.00008640 Bitcoin.
Refunds possible?Refunds can only be done in case the issuer agrees or there are reasons to stop the ICO by the escrow, because there came up doubts that make the ICO too insecure to proceed.
As long as you did not verify your investment transaction in some way I will see your investment as unverified. Otherwise it could mean a random person could claim an investment as his investment and steal it from a shareholder.
Refunds can only be done instantly when you can proof ownership of the investment. Either by signing a message from the sending bitcoin address or by your investment amount matching your forum user id. See description about verification above.
If you can't proof the ownership of an investment and a refund needs to be done then you need to wait some weeks so that the risk of being scammed is lower for me and the (potential real) owner of that investment. You would want I protect your investment too when someone claims it was his investment and only can show the transaction id, right?
Good luck everyone with this ICO!
