This is a scam of a different level and I want people to be due diligent before investing in this coin, as I believe almost ~30%of this coin is already in the hands of the devs.
Xcoin is a new coin for the coin creation service.
But guess what, their wallet never worked until the end of the first stage of the IPO.
The creators of the coin has already claimed to have successfully created many other coins, and its baffling to see why their own wallet didnt work until the first stage distribution is over.
To me this is because they want to get less attention from investors and can easily distribute the first stage distribution, (which is the largest in coin distribution amount, around 30% of the total coins)
among their near/dear ones or to their own sock puppet accounts.
I decided to risk some BTC anyway, after selling some of my coins at a loss in the exchange , and as per the PM from one of the OP, the ending time was last Sunday 12PM CST.
So I sent in 0.48823885BTC
https://blockchain.info/tx/bdc85556f452d02c8480c7743c4b908944855f748ce7720b0bb35b46cfcb566a some 8 hours before the end of play on Sunday.
The OP I was dealing with confirmed my transaction and I was waiting for my coins.
Today the OP came back and told me that I am not part of the first stage distribution.
Initially they told me that I send the coins from a different timezone and by the time it reached them, the stage 1 was already over.
But after pointing out the OP's PM with the end time for Stage 1,
they were saying, the time when the OP checked the transactions, my coins were not there and they decided to end it earlier bla bla bla...
Basically they don't want another investor to share the 30% pond.
Consolation: They will put me 'first' for the second stage of the IPO, which is for 24% of the total coins.
So I asked for the refund, and at first they refunded
0.48BTC
https://blockchain.info/tx/69b3d7039f27674469152f0a753bbf3b58472b597fc52fad26a3df2722b2ddb0then on further prodding
another 0.008BTC
https://blockchain.info/tx/55b557cc0fc8f565e33c48dfa8a263eeb45cba41849f2497e9c24c750db3db15out of my total investment of 0.48823885BTC
I dont know what happend to the 0.00023885BTC, but I gave up on getting it back in the end.
So in the end, I lost a lot of my time, 0.00023885BTC and more in BTC as I had to rush selling some of my other alt coins at a loss to meet the non-existent deadline.
If I am correct, then they will try to aggressively market this coin now by throwing more free giveaways etc, as 30% of the total supply is already accounted for with them.
Note: Happy to provide more details about my conversations, transactions etc. if anyone needs to verify.
If you are going to a job interview and want to take the train at 12AM, you should be there not at 12AM or 12:01AM. Sometimes trains go even at 11:59:30.
Guess what the company tells you, if you say, that you missed the train, because you were barely on time?
Set up a new interview, be earlier on the train and shut up.
BTW: I got my coins.
and: how do you know, that you wouldn't get even more coins, because in the second stage are less investors?