Topic: Red Pulse (RPX) just destroyed themselves - Worst ICO ever! (Read 3172 times)

Just a quick info, RPX will be listed on its first exchange tomorrow, October 28: Kucoin.com. Not a major one, but if you want to get your hands on some Red Pulse tokens, this will be your first opportunity.

It was the fastest ICO subscription and I too wanted to get into got my KYC done and approved but could not move out my NEO's from Bittrex wallet just few hours before the start as it went into maintenance before couple of hours till almost 6 hours or more and this ICO got subscribed within 3 hours. Let us see we might be able to buy them on exchange listing at a discounted price than ICO price which should be better for guys who missed out

regards
Balaji

I have seen worst ICOs. Still the project is good, and fundamentals are there. So saying that they "just destroyed themselves" is out of order in my opinion. Let's see how it does once it starts trading. I managed to get in.

When is this toke due to hit exchanges does anyone know? Something more specific than "in the xQ of xxxx year".

this will still do very well when it hits exchange, no matter if those investors did not get in. they will still want to get in. I expect it will at least go 5 times its ICO price

Hi Everyone,

I know there's been a lot of frustration and unhappiness regarding start of the second period of our RPX sale. As stated previously, during this first period, the cap was set at 1,000USD (27 NEO). At the conclusion of this first hour, the cap was lifted to 50,000USD (1,352 NEO). Consequently, many people who wanted to invest more, waited until the second period to invest more.

People who contributed NEO as part of block 1445025, were not considered by the smart contract to be part of the second period of participation yet. However, those that were part of block 144026, and going forward, were included. The reason for this is because smart contract timestamps are deterministic, meaning that it must output the same result, given the same input. In NEP-5 standard, the code used is:

uint now = Blockchain.GetHeader(Blockchain.GetHeight()).Timestamp;

Executing this line gets the timestamp of the PREVIOUS block, because that is the only way all the nodes can agree on what "now" actually means, since the current block 1445025 was still in progress. For everyone that contributed as part of block 144025, the "now" parameter was returned as 2017-10-08 13:59:50 GMT, outside the window of the second period. When the next block 1445026 began, the "now" parameter was then returned as 2017-10-08 14:01:44 GMT, which is within the window of the second period.

Regarding automatic refunds, we were unable to do this as a refund function could only be accomplished with implicit transaction outputs. The NEO blockchain was not designed to have implicit transaction outputs for global assets (such as NEO), because it would bring a number of problems and risk to the SPV protocol. After consulting with the NEO core dev team, the next steps for them are: NEO will provide a trigger mechanism, so that future smart contracts can refuse a transaction upon receiving a global asset transfer at a certain condition. This way, there is no need for refund, because the asset would not be accepted in the first place.

For Red Pulse our next steps are to focus on refunds. I understand the sensitivity regarding having your NEO tied up, so I'm prioritizing the refunds above all else, and personally working around the clock to process them. I aim to have these completed within a week.

Thank you everyone for your understanding, and I apologize for any misunderstanding and inconvenience caused.

Best regards,
Jonathan Ha
Founder & CEO, Red Pulse

This is why I no longer invest in ICOs, it's drama central. Easier to wait until price drops on an exchange and pick up a bargain.

Now, I totally understand that for team with no expertise in this area things can go south.