Topic: [old thread] - RISE | DPOS | APPS & DAPPS - page 443. (Read 653328 times)

What happens if there are not enough delegates? Does RISE run the other however many it takes for the network?

What happens if there are not enough delegates? Does RISE run the other however many it takes for the network?

"The ICO will be running from the 10th of May until June 24th."

until when ICO held Rise

Hello , I lost my phone with QR code from rise and I can't sign in without token, please help.(Support don't answer)

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

Dear OP, Please learn a lesson from waves epic fail and secure an exchange giving them everything they need for a smooth open.  

Dear OP, Please learn a lesson from waves epic fail and secure an exchange giving them everything they need for a smooth open.  

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.