Topic: [old thread] - RISE | DPOS | APPS & DAPPS - page 434. (Read 653328 times)
The ICO funds are raising fast. Tomorrow when the Waves trade become available then the RISE ico will get a lot of new funds. I think we will past the 1.5 millions.
I agree I think we will see loads of last minute investments and I will be one
Waiting for the Waves sale tomorrow?
I agree I think we will see loads of last minute investments and I will be one
Rise to the RISE
I agree I think we will see loads of last minute investments and I will be one
I agree I think we will see loads of last minute investments and I will be one
Although RISE is connected to LISK, LISK is not connected to ETH in terms of code.
This is very important because panic sellers thought that Eth,dao and lisk were the same thing.
Although RISE is connected to LISK, LISK is not connected to ETH in terms of code.
Just hit 1k sats per Rise! ฿ 0.00001001 BTC/RISE
863 Btc of ico, not bad!
I think we can double !
Every ICO doubles.... no reason why this one won't double?
To answer that question. The reason it might not is because it is smart contract related.
I hope it does do ok, I invested a bit of money in it. I was going to invest more, well...
I still might...
but now I am unsure.
I do wish you all the best of luck.
880 BTC!
I have reconsidered and would like to reclaim my invested bitcoins. What is the process here? Can a rise admin please advise...
Legal reminder
I am acting in accordance with my local distance selling act. If my invested btc amount is not returned by june 17th EOB matters will be enforced by my legal costs insurance...
BTW: this is not a joke. Since the rise Vision page misses a transparent legal disclaimer regarding potential refunds (i never confirmed any business terms...) i hereby demand my Investment to be returned...
Legal reminder
I am acting in accordance with my local distance selling act. If my invested btc amount is not returned by june 17th EOB matters will be enforced by my legal costs insurance...
BTW: this is not a joke. Since the rise Vision page misses a transparent legal disclaimer regarding potential refunds (i never confirmed any business terms...) i hereby demand my Investment to be returned...
In accordance with our terms stated clearly on the ICO page and the fact that all funds are locked in escrow, we are not in a position to provide refunds.
Hello there,
from a legal Point of view, this Information does not unbind you from the implementation of proper business terms. There is no confirmation what so ever (i.e. I hereby understand, that all investements are non-refundable) when creating a rise Profile.
Actually the rise Profile page does not give any Information regarding the Investment procedure. When it comes to financial transactions you are obligated to implement proper Business Terms. And moreover, you are required to have them confirmed by the user before you process any transactions.
The RISE ICO violates FDIC regulation Act 6500 which clearly states:
"§ 1005.4 General disclosure requirements; jointly offered services.
(a)(1) Form of disclosures. Disclosures required under this part shall be clear and readily understandable, in writing, and in a form the consumer may keep, except as otherwise provided in this part. The disclosures required by this part may be provided to the consumer in electronic form, subject to compliance with the consumer-consent and other applicable provisions of the Electronic Signatures in Global and National Commerce Act (E-Sign Act) (15 U.S.C. 7001 et seq.). A financial institution may use commonly accepted or readily understandable abbreviations in complying with the disclosure requirements of this part.
My lawyer (who i dont even have to pay since i have proper insurance) will have a legal complaint ready by next week. Please consider the financial and reputational impact to your Enterprise which comes along with an international lawsuit.
I´d really like to resolve my refund request without legal implications. Please reconsider...
Hi Admiral_Bit,
With all due respect we are not a financial institution or an enterprise.
Rise is not providing any direct services. We are working on open source code that anyone can run and use at will. We provide no centralized banking or financial services.
Bitcoin "Investments" are donations to keep us able to work on the project.
Those donations will give us the ability to develop features that provide nodes new benefits if they upgrade.
For those reasons we don't come under FDIC regulations.
Rise will launch in just over seven days, at which point you can recover your investment depending on the performance on the exchanges.
Hello there,
ok, let´s do this my way...
i strongly oppose your statement in terms of "Rise" not beeing a financial provider. You implemented a platform to invest a certain amount of crypto coins in exchange for a certain amount of crypo coins of a different kind.
This kind of transactional structure automatically implies a financial enterprise, either in a commercial or regulative understanding. All commercial applications or services which are provided from the U.S territory fall under the regulation of the FDIC.
Again id like to point out, that nowhere on the application account form it states that your investment is actually a donation. I think my point becomes more valid if i give you a few examples:
- The "Get started" button on the mainpage directly leads you to the rise application form
- After filling out all mandatory fields you can directly login into your account. There is not even an email verification implemented
- On the profiles you will find a button with the label "Invest". The click on the button will return a "BTC investment Address"
- The form part "Your Investement" shows you the label "Invested BTC"
- On the lower part of the page you will find a transaction overview which first column is named "Investor"
Nowhere during the application process i was asked to confirm any terms of use. Nowhere during the application process i was informed that my "Investment" is not refundable. I did not recieve a confirmation mail with the details of my profile setup. At no time during the application process i was forwarded to an information which could have lead me to the conclusion that my investment is actually a donation.
The RISE investment process clearly lacks the verification and transparency stipulated by your financial regulators (especially if it is supposed to be regarded as a donation process).
With regard to the points stated above i will pursuit the following actions:
1. I will perform a screencap incl. timestamp of the Rise application procedure for further evidence - Done
2. I will file a formal FDIC complaint with the motion to investigate the extend of rise´s financial and legal obligations
3. I will file an action for a declaratory judgment with the motion to refund all my investments during the Rise ICO period
The last point will lead to a cost note from my lawyer which includes: 1. Filing the motion, 2. Translating the notion 3. Forward the notion to the U.S jurisdiction. The estimated fees lie around 2000 € and will forwarded to the Rise team after it has been covered by my insurance company.
Please make no mistake; i have the money, the time and the intention to pull this through. If you are willing to resolve this without further legal implications, you know how to contact me. After proper account verification i will provide you with my BTC refund address. For your further reconsideration, no action will be filed until Monday, June the 20th end of business
Kind regards
I hereby step back from my intention to pursuit further legal action against RISE.
Thank you and kind regards
Im waiting waves launch on bittrex to get some profit and invest in rise.
Thats will be a good coin!
Thats will be a good coin!
I am going to do to exactly the same. I think that this coin has a good potential to grow.
I have reconsidered and would like to reclaim my invested bitcoins. What is the process here? Can a rise admin please advise...
Legal reminder
I am acting in accordance with my local distance selling act. If my invested btc amount is not returned by june 17th EOB matters will be enforced by my legal costs insurance...
BTW: this is not a joke. Since the rise Vision page misses a transparent legal disclaimer regarding potential refunds (i never confirmed any business terms...) i hereby demand my Investment to be returned...
Legal reminder
I am acting in accordance with my local distance selling act. If my invested btc amount is not returned by june 17th EOB matters will be enforced by my legal costs insurance...
BTW: this is not a joke. Since the rise Vision page misses a transparent legal disclaimer regarding potential refunds (i never confirmed any business terms...) i hereby demand my Investment to be returned...
In accordance with our terms stated clearly on the ICO page and the fact that all funds are locked in escrow, we are not in a position to provide refunds.
Hello there,
from a legal Point of view, this Information does not unbind you from the implementation of proper business terms. There is no confirmation what so ever (i.e. I hereby understand, that all investements are non-refundable) when creating a rise Profile.
Actually the rise Profile page does not give any Information regarding the Investment procedure. When it comes to financial transactions you are obligated to implement proper Business Terms. And moreover, you are required to have them confirmed by the user before you process any transactions.
The RISE ICO violates FDIC regulation Act 6500 which clearly states:
"§ 1005.4 General disclosure requirements; jointly offered services.
(a)(1) Form of disclosures. Disclosures required under this part shall be clear and readily understandable, in writing, and in a form the consumer may keep, except as otherwise provided in this part. The disclosures required by this part may be provided to the consumer in electronic form, subject to compliance with the consumer-consent and other applicable provisions of the Electronic Signatures in Global and National Commerce Act (E-Sign Act) (15 U.S.C. 7001 et seq.). A financial institution may use commonly accepted or readily understandable abbreviations in complying with the disclosure requirements of this part.
My lawyer (who i dont even have to pay since i have proper insurance) will have a legal complaint ready by next week. Please consider the financial and reputational impact to your Enterprise which comes along with an international lawsuit.
I´d really like to resolve my refund request without legal implications. Please reconsider...
Hi Admiral_Bit,
With all due respect we are not a financial institution or an enterprise.
Rise is not providing any direct services. We are working on open source code that anyone can run and use at will. We provide no centralized banking or financial services.
Bitcoin "Investments" are donations to keep us able to work on the project.
Those donations will give us the ability to develop features that provide nodes new benefits if they upgrade.
For those reasons we don't come under FDIC regulations.
Rise will launch in just over seven days, at which point you can recover your investment depending on the performance on the exchanges.
Hello there,
ok, let´s do this my way...
i strongly oppose your statement in terms of "Rise" not beeing a financial provider. You implemented a platform to invest a certain amount of crypto coins in exchange for a certain amount of crypo coins of a different kind.
This kind of transactional structure automatically implies a financial enterprise, either in a commercial or regulative understanding. All commercial applications or services which are provided from the U.S territory fall under the regulation of the FDIC.
Again id like to point out, that nowhere on the application account form it states that your investment is actually a donation. I think my point becomes more valid if i give you a few examples:
- The "Get started" button on the mainpage directly leads you to the rise application form
- After filling out all mandatory fields you can directly login into your account. There is not even an email verification implemented
- On the profiles you will find a button with the label "Invest". The click on the button will return a "BTC investment Address"
- The form part "Your Investement" shows you the label "Invested BTC"
- On the lower part of the page you will find a transaction overview which first column is named "Investor"
Nowhere during the application process i was asked to confirm any terms of use. Nowhere during the application process i was informed that my "Investment" is not refundable. I did not recieve a confirmation mail with the details of my profile setup. At no time during the application process i was forwarded to an information which could have lead me to the conclusion that my investment is actually a donation.
The RISE investment process clearly lacks the verification and transparency stipulated by your financial regulators (especially if it is supposed to be regarded as a donation process).
With regard to the points stated above i will pursuit the following actions:
1. I will perform a screencap incl. timestamp of the Rise application procedure for further evidence - Done
2. I will file a formal FDIC complaint with the motion to investigate the extend of rise´s financial and legal obligations
3. I will file an action for a declaratory judgment with the motion to refund all my investments during the Rise ICO period
The last point will lead to a cost note from my lawyer which includes: 1. Filing the motion, 2. Translating the notion 3. Forward the notion to the U.S jurisdiction. The estimated fees lie around 2000 € and will forwarded to the Rise team after it has been covered by my insurance company.
Please make no mistake; i have the money, the time and the intention to pull this through. If you are willing to resolve this without further legal implications, you know how to contact me. After proper account verification i will provide you with my BTC refund address. For your further reconsideration, no action will be filed until Monday, June the 20th end of business
Kind regards
I hereby step back from my intention to pursuit further legal action against RISE.
Thank you and kind regards
The bounty when paid ?
Thanks .
Thanks .
I don't think that there's an official statement regarding the bounties yet.
Im waiting waves launch on bittrex to get some profit and invest in rise.
Thats will be a good coin!
Thats will be a good coin!
Once the testnet if fully ready and I have my node up and running again I will post my delegate name for your consideration for votes. Why should you vote for me? I have been around since BTC was 50 cents a coin. I have been active in crypto for years now, as an investor, miner, etc. I have the experience and know how to effectively run and secure my node to allow for the maximum uptime possible for the network. I am also great at figuring out potential risk for networks to allow the devs to get possible issues fixed before they become an issue. As Dark has stated him and I have been around working on helping with testing of Rise and and the testnet. We will continue to do so and I hope that anyone wanting to support Rise will support him and I as early adopters, testers and as people helping others to get nodes set up and secured. Thanks.
The bounty when paid ?
Thanks .
Thanks .
mainnet lauch will be on 24 june with no delays? and may be we can see some exchanges?
If we are lucky, exchanges wait a week to implement and peer to peer trades start. If its tradeable immediatel on exchanges, johnnycrypto doesn't get the fomo. We need to heavily reward those that took the gamble on the project.
So Exchanges confirmed ahead of time but slifht delayed deployment is great for investors.
Devs, please consider.
As long as it is communicated correctly and don't create all type of problems... If RISE say, we will hit a exchange on 1th of July then they need to deliver on 1th of July and not on 10th of July.
Hopefully we see a healthy RISE trading thread pop up right after launch.
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