Mycelium's "crowdsale": basically a donation, not an investment by any means - page 13.

alani123

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Tokens seem to be issued, is the promise of exchanges still unfulfilled now that May is over?

Quote from: Rassah on May 19, 2016, 03:23:34 PM

Quote from: Bit_Joe on May 19, 2016, 12:19:21 PM

where's best place to follow this project?

Have plans to list tokens on some exchange?

When should we receive the tokens?

Thanks for your time.

We generally post updates on Reddit and our Twitter @MyceliumCom

We're talking to exchanges now.

Tokens will be issued Friday, and sent out Friday through Monday (we had a lot of buyers)

gravitate

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Quote from: alani123 on May 24, 2016, 05:30:45 PM

Quote from: gravitate on May 24, 2016, 03:47:51 PM

where can you see the price please?

Ethereum's price? For short-term to mid-term I'd see it around 12$, beyond that I think it's possible to see the price approaching 10$ and falling below that point by the end of the year. And if it reaches such levels I don't think that there's substantial support for 10$ either.

How do you find that relevant though? Is it because ethereum will be part of the wallet project?

nah I had a moment of stupidity. lol forget I asked sorry

alani123

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Quote from: gravitate on May 24, 2016, 03:47:51 PM

where can you see the price please?

Ethereum's price? For short-term to mid-term I'd see it around 12$, beyond that I think it's possible to see the price approaching 10$ and falling below that point by the end of the year. And if it reaches such levels I don't think that there's substantial support for 10$ either.

How do you find that relevant though? Is it because ethereum will be part of the wallet project?

gravitate

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where can you see the price please?

alani123

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Quote from: Bitcoinpro on May 24, 2016, 08:36:10 AM

Wats ur take on Ethereum?

Well, I think that the price rise was impressive but I don't think such a price is sustainable. I find the tech behind it interesting.

Jeremycoin

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I've invested my Bitcoin to the crowdsale, and if your theory is true I think I'm safe because I didn't invested too much to it. Even tho if I invested so much Bitcoin to it, I'll be a good person because I just donated a lot of money to them Wink

ingiltere

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This is the shadiest ICO I've ever seen. They try to run away from legal responsibilities, so they put "donation" term to blame investors if something bad happens. I don't suggest anybody to invest this ICO. Other than that you can invest WAVES. They have a cooperation so you partially invest for Mycelium, too.

bitbitch

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Quote from: M28MmickT on May 23, 2016, 03:04:07 PM

Quote from: Rassah on May 19, 2016, 02:46:17 AM

Quote from: gravitate on May 19, 2016, 02:26:04 AM

when is the new wallet gonna be out then?

We're aiming for Fall or by end of the year. The current wallet will be updated with ColoredCoin support too, probably in June.

So this dude only waited for the crowdsale to end and then go afk. nice

he's probably switched back to retired mode. that was the one thing he said during the sale that put me right off.

Bitcoinpro

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Quote from: alani123 on April 30, 2016, 03:19:06 PM

So Mycelium is organising a "crowdsale". If you've been in their website you've most definitely heard about it because they're doing their best to get the word out. I'm here to give you the hard truth though, this is quite possibly the worst place to put your money in and most certainly a guaranteed loss of principal. Don't give them money unless you consider it a donation. Here's why:

Part 1
Unacceptable practices:
Giving a 10% discount to people expressing interest prior to the sale.
You don't have to be a genius to see how bad of a practice this is for securities (note: this crowdsale isn't even a security) that are supposedly representing a stake in a company.

Promising investors part of the money received from future crowdsales
In their own words:

Quote from: Rassah on April 26, 2016, 09:27:40 PM

Quote

And do I have a guarantee that the collected funds will only be used for the wallet project and not for the rest of the company?

Not entirely, but that's mainly because eventually all of the rest of our company will be rolled into this wallet. Most of the expense will be used to pay Wallet developer salaries, but some of our resources (like office and general brand marketing) are shared, so it would be difficult to keep completely separate. Sorry I can't give a more satisfactory answer.

Tokens are released in their own platform.
So fair distribution is entirely based on trust, as well as trading. Yet they claim that Token owners can either sell them on the open market at any moment or redeem to us if conditions are met, which is misleading at best.

Especially risky when you look at this from a legal perspective:

Quote from: Rassah on May 17, 2016, 01:47:57 PM

Quote from: ?? on ??

You're a US citizen, right? Where's your company based/registered at?

For now yes. It's not my company, I am technically just a contractor. It's registered in Cyprus, with the Wallet division registered in Latvia.

My advice on this would be to stay away. It looks bad in every way possible, there's no guarantee that Mycelium have the supposed platform ready or even that they're working on it. Don't fall for their misleading advertising, this looks bad no matter how you look at it. Only send money if you consider it a donation.

Wats ur take on Ethereum?

alani123

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Quote from: M28MmickT on May 23, 2016, 03:04:07 PM

Quote from: Rassah on May 19, 2016, 02:46:17 AM

Quote from: gravitate on May 19, 2016, 02:26:04 AM

when is the new wallet gonna be out then?

We're aiming for Fall or by end of the year. The current wallet will be updated with ColoredCoin support too, probably in June.

So this dude only waited for the crowdsale to end and then go afk. nice

You mean the developers? June isn't that far away. Technology for color coins is already out there. Given that Mycelium is going to be implementing an already existing solution I wouldn't be surprised if they managed to keep true to their word by releasing the feature on time.

M28MmickT

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Quote from: Rassah on May 19, 2016, 02:46:17 AM

Quote from: gravitate on May 19, 2016, 02:26:04 AM

when is the new wallet gonna be out then?

We're aiming for Fall or by end of the year. The current wallet will be updated with ColoredCoin support too, probably in June.

So this dude only waited for the crowdsale to end and then go afk. nice

4emily

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Quote from: Rassah on May 19, 2016, 02:13:13 AM

Quote from: Omega.SportSciencie on May 19, 2016, 01:06:44 AM

What I dont understand is on which platform the mycelium tokens are created? counter party, ethereum, or what.. are they even decentralized? or those tokens only exist in your server.

They're ColoredCoin tokens. Decentralized, for now on Colu wallet, but will be supported in our own Mycelium Wallet soon.

@Rassah

I followed the instructions:

Quote

Receiving your Mycelium Tokens

In order to receive Mycelium Tokens, you have to make sure that:

You have signed Mycelium Token Sales Agreement (if you have not signed it, please sign it here.)
Then, go to https://dashboard.colu.co and create an account (thanks to our partner - Colu.co!). Write down the password and keep it in a safe place - it is not possible to restore your password if you lose it!
Go to Manage Assets, then select Receive Assets
Copy the receiving address
Paste this address in the field below - this is where your Mycelium Tokens are stored.

Colu Address

Your Colu Address has been updated successfully.

Use this Colu Address to receive Mycelium Tokens

Do I need to do anything else for the tokens to be transferred to my Colu address or does that happen automatically at some stage?

Thanks.

alani123

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The crowdsale seems to be over but there's been a lot of discussion in this thread. I'm probably not locking it as the closing of the crowdsale doesn't mark the end of this adventure, whether you perceive this in a negative or positive light.

gravitate

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Quote from: Rassah on May 19, 2016, 02:46:17 AM

Quote from: gravitate on May 19, 2016, 02:26:04 AM

when is the new wallet gonna be out then?

We're aiming for Fall or by end of the year. The current wallet will be updated with ColoredCoin support too, probably in June.

cool man! So 6000 MT in circulation that give you dividends and a stake in the company.

They are going x 100 the crowdsale price. This is gonna be so sweet

Rassah

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Quote from: gravitate on May 19, 2016, 02:26:04 AM

when is the new wallet gonna be out then?

We're aiming for Fall or by end of the year. The current wallet will be updated with ColoredCoin support too, probably in June.

gravitate

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Activity: 1372

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Quote from: Rassah on May 19, 2016, 02:13:13 AM

Quote from: Omega.SportSciencie on May 19, 2016, 01:06:44 AM

What I dont understand is on which platform the mycelium tokens are created? counter party, ethereum, or what.. are they even decentralized? or those tokens only exist in your server.

They're ColoredCoin tokens. Decentralized, for now on Colu wallet, but will be supported in our own Mycelium Wallet soon.

Wow cool! when is the new wallet gonna be out then?

so glad I invested

Rassah

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Quote from: Omega.SportSciencie on May 19, 2016, 01:06:44 AM

What I dont understand is on which platform the mycelium tokens are created? counter party, ethereum, or what.. are they even decentralized? or those tokens only exist in your server.

They're ColoredCoin tokens. Decentralized, for now on Colu wallet, but will be supported in our own Mycelium Wallet soon.

target

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Quote from: Monnt on April 30, 2016, 08:36:27 PM

But as mycelium has stated, they are aiming to become a full blown finance company. Their fees should be able to fund their dividends.

They've gathered 4,772.686 BTC! imagine that. They sure are serious and knowns what they are doing.
Crowdsale is almost over and i've read somewhere that they can get their tokens right after it. If I only have the funds, I may have bought shares.

Omega.SportSciencie

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Quote from: Rassah on May 18, 2016, 09:58:01 PM

Quote from: ?? on ??

Quote from: yayayo on May 18, 2016, 05:49:25 PM

I think it's a free market after all. People should just do their homework and then decide if a investment makes sense ore not.

Helping your fellow humans "do their homework," that's part of the free market too

Let us know when you start Grin

What I dont understand is on which platform the mycelium tokens are created? counter party, ethereum, or what.. are they even decentralized? or those tokens only exist in your server.

Rassah

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Quote from: ?? on ??

Quote from: yayayo on May 18, 2016, 05:49:25 PM

I think it's a free market after all. People should just do their homework and then decide if a investment makes sense ore not.

Helping your fellow humans "do their homework," that's part of the free market too

Let us know when you start Grin

Topic: Mycelium's "crowdsale": basically a donation, not an investment by any means - page 13. (Read 21226 times)