Topic: Mycelium's "crowdsale": basically a donation, not an investment by any means - page 7. (Read 21223 times)
August 12, 2016, 01:26:14 AM
Any exchange to trade MT???
August 12, 2016, 01:24:06 AM
The colu control panel is down 
August 01, 2016, 09:53:02 AM
Please PM me
I doubt he'll see this. By his profile page, Last Active: July 05, 2016, 06:18:03 PM
Sure, he'll log on eventually, post some smug/catty bullshit, and vanish for another couple of months. Maybe another time after that. By then, people will forget.
Every Bitcoin "investment" ever
July 31, 2016, 03:31:43 PM
Please PM me
I doubt he'll see this. By his profile page, Last Active: July 05, 2016, 06:18:03 PM
July 31, 2016, 07:54:14 AM
Please PM me
I doubt he'll see this. By his profile page, Last Active: July 05, 2016, 06:18:03 PM
July 30, 2016, 11:56:03 PM
he did say if anyone wanted rid of them he could sell them,but my health is that bad now it wont matter if he does
July 30, 2016, 09:19:53 PM
if mycelium had told investors about the wait lack of news etc they would be lucky to sell aqnything,
You got the point, they had no motivation to do so. and Rassah I have 2.4 coins if you want to sell them for me my health dictates that now.Please PM me
Oh man. If that's really the case, I'm sorry. I tried to warn people with this warning post but a lot of money ended in this crowdsale. I'm not sure if Rassah could help you by selling your shares though. As far as I know, they are not traded in any exchanges so unless you find someone to buy your stake in the open market, you probably won't have much luck selling shares for bitcoin because it seems like there is no upcoming platform to sell shares. What Mycelium could do, is go out of their way and make an exception by issuing you a refund, but that's really not their responsibility anymore. You accepted an agreement when putting money with them and now all you're left with is a colored coin and a broken promise.
Even trying to fight this legally would be a hustle. I'm not saying that Mycelium's crowdfunding operation was necessarily illegal but they most certainly did everything they could so that they'd have minimum obligations to "investors" by bulletproofing themselves from courts in countries where potential "investors" would be in. They purposefully picked countries with loose laws on securities and companies as well.
July 29, 2016, 09:18:23 PM
if mycelium had told investors about the wait lack of news etc they would be lucky to sell aqnything,and Rassah I have 2.4 coins if you want to sell them for me my health dictates that now.Please PM me
July 28, 2016, 10:47:19 PM
You cannot use it as usuall btc? I though it could be treat as btc..
July 27, 2016, 09:11:48 AM
I cant wait for the wallet.
No need to rush things.Quote
We can keep our tokens on it right?
Sure! July 27, 2016, 07:59:41 AM
I cant wait for the wallet. We can keep our tokens on it right?
July 27, 2016, 07:59:00 AM
How I wish I didn't read it before participation :/
I beg your pardon?
July 22, 2016, 06:40:15 PM
How I wish I didn't read it before participation :/
July 15, 2016, 01:09:49 AM
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:
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:
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.
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
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:
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.
Thanks for that information. My friends are planning to take part on that crowdsale someone invited them to join and invest. That person told them that it is a good opportunity to earn. But after reading your post I realized that there are no guarantee that you will earn or your money will gonna come back to you. Im gonna spread this information so no one will regret after joining mycelium crowdfunding.
Mycelium crowdsale has already -ended- please read again.
July 15, 2016, 12:02:07 AM
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:
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:
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.
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
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:
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.
Thanks for that information. My friends are planning to take part on that crowdsale someone invited them to join and invest. That person told them that it is a good opportunity to earn. But after reading your post I realized that there are no guarantee that you will earn or your money will gonna come back to you. Im gonna spread this information so no one will regret after joining mycelium crowdfunding.
July 14, 2016, 11:44:29 PM
Wonder what each token will be worth
July 14, 2016, 11:42:55 PM
Best idea to get support is to PM him on here
July 14, 2016, 11:42:10 PM
Still waiting to see this coin an exchange, seeing that Waves trading started long ago and this project has big ties with Waves I expect this market to open soon or at least open a blog and post updates there.
July 14, 2016, 07:49:04 PM
I am having issues with finding my tokens at Colu
Can anyone help?
I have sent many support tickets with no answer
Can anyone help?
I have sent many support tickets with no answer
July 12, 2016, 08:56:43 AM
Happy birthday, Rassah!
so 7th july 2016 will be the day when trading starts? on Bittrex? Polo?
Give it another couple of weeks. Jump to: