TokenPay just gave the middle finger to its U.S. investors (!)

nabbered

newbie

Activity: 16

Merit: 0

Quote from: TimtheYoutuber on December 30, 2017, 05:44:45 PM

If they gave less coins back, then that is a scam. If they gave a USD value back then that is sketchy. This is why you need to do research on the team, if they are sketchy dont invest. It is pretty easy to tell when an ICO is going to be shitty.

Yeah but hold on, I’m in a Euro zone country, if I pay for something in dollars I expect to be refunded in Dollars. If the Euro gets stronger, I don’t have a right to request my refund in Euro value equivalent to the time of invest.

They invested with BTC, if they invested 1BTC 6weeks ago, then they should get 1 BTC back. If BTC went to 40k, should TokenPay work out the value and pay them back 1/2 a bitcoin?

Investing is risky, the USA is clamping down. Either people want regulation or they don’t. You can’t scream foul when you lose money. Same story over and over.

nata777

full member

Activity: 336

Merit: 100

I believe that this should not be reflected at all by investors, because there were examples when I invested money and it would be better if I just kept in bitcoin

TimtheYoutuber

full member

Activity: 1708

Merit: 125

www.positivebetting.com

If they gave less coins back, then that is a scam. If they gave a USD value back then that is sketchy. This is why you need to do research on the team, if they are sketchy dont invest. It is pretty easy to tell when an ICO is going to be shitty.

Digital Drug Lord

member

Activity: 294

Merit: 12

hey I just wanted to point out I invested in a company called xvg because I heard it was going to be a private coin. Long story short I bought in at 25 cents only to have it crash down to 12-15 ish area, I dont know it was over a tweet or some drama. its looking like the whole coin was a scam.

anyways then they started mentioning that xvg would "work" with tokenpay, and when I did a search on google for tokenpay this thread came up so I actually joined up just to comment about it since I lost so much in xvg and now I think it might be the same guy trying to run a scam, off one scam and off to the other to get gullible new comers

jmaresca

member

Activity: 294

Merit: 10

LEGIT AIRDROPS - https://airdrop.buzz

Well said dababe.

dababe

newbie

Activity: 71

Merit: 0

Quote from: yluna88 on December 22, 2017, 09:21:42 AM

People have been spamming about TokenPay in order to get referrals. Now it seems that the spammers' referral bonuses will be deducted too if they referred US participants...

Oh that is baloney.

Sharing your affiliate links with others is NOT spam. If someone spams by sending you unsolicited emails and/or social media private messages, then yes, it is spam. But you can't generalize and say that people were spamming. Besides I get emails all of the time from real estate agents, jvzoo top dogs, and insurance agents looking for leads. I also get email from Major banks such as Bank of America, Chase etc, offering me $50 or $100 if I get new customers for them.

I get so tired of the silliness coming from people who insinuate that affiliate marketing is all about spam or is scammy.

Now let me get to your final statement. Dude, if USA citizens are eliminated from the program, then of course, the USA citizens can't get the additional TPAY bonuses from their referrals. And if someone from China refers a lot of USA citizens who are getting refunds, does it not conclude that Mr. and Mrs China won't get the TPAY bonuses? Don't be such a silly willy. You don't get cash or bitcoins as referral bonuses. You get TPAY.

People without knowledge always put their dirty socks in their mouths because of their preconceived notions about the truth. Most times it is better if one is plain and simply QUIET until they know better.

dababe

newbie

Activity: 71

Merit: 0

Quote from: bitcoinbox on December 22, 2017, 02:39:12 AM

Is it necessary to remember that investing in an ICO or in a blockchain related project is always extremely risky?
There is never any guarantee that you will get your investment back when things don't go according to plan.

The ICO is ongoing. They took people's money. They want to eliminate a group of people. It has nothing to do with whether a project is risky or not. So your conclusion is flawed.

It is not as if the project failed or succeeded. It is not as if the project went according to plan or not as you wrote.

If I gave you $1000 to buy some oranges and tomorrow you come to me and say "Hey. I am sorry I can still get the oranges but I just can't sell them to you.". Then you have to give me EXACTLY $1900 back. You can't give me back $1500 and say we are square. That would mean you get to 1. receive an interest free loan from me and 2. you get to keep $400 of my money. All without telling me the reason why.

Why not China? Why not South Korea? Why not many of the countries that explicitly outlawed ICO participation.

There is something wrong with this and it doesn't take a rocket scientist to figure it out. I wonder what percentage of USA citizens participated in this ICO? That would be rather telling.

Sorry dear, your premise AND conclusion are severely flawed.

Sounds like a grand stinky plan to me.

Dunkelson

newbie

Activity: 2

Merit: 0

Has anyone ever received a response to any support questions in the TokeyPay website? I've sent 3 support questions and not so much as received a robot email response saying they got it. I bought two rounds of tokens. One on December 14th (Still Pending) and one on the 19th (Completed). I don't know why the later one was completed and not the earlier one. They took the bitcoin for each though, of course. When you submit the refund address it makes you hold harmless TokenPay for everything and then there is a statement that your account will be terminated. Anyway, my main question is about support responses. I submitted a question on IM on their Facebook page and a robot responded that I need a Support Ticket number. It's been about 15 days since my first inquiry. Kind of frustrating.

Beachguy

legendary

Activity: 1019

Merit: 1001

Spectreproject Community Manager

They knew before launch it didn't meet SEC rules for ICO that came out before.
A lot of US citizens put money in on the basis of Capo being from USA.
And he's out of the country now so untouchable.

Fancy website really sucked a lot of people and their money in only to get less back.
I guess their "legal advisors" Garcia and Arraya...IF they even exist...need to learn about SEC and US Law.
Sorry for peoples' loss but this smelled from the start

yluna88

member

Activity: 140

Merit: 10

People have been spamming about TokenPay in order to get referrals. Now it seems that the spammers' referral bonuses will be deducted too if they referred US participants...

sakokinak

full member

Activity: 518

Merit: 101

Quote from: srqrebel on December 21, 2017, 10:50:56 PM

TokenPay has just announced that TPAY will no longer be offered for purchase by United States citizens or United States residents, will be cancelling existing purchases from U.S. citizens and residents, and will be offering refunds based on the price paid. Which presumably means in Bitcoin. Which has dropped substantially in fiat valuation since the ICO debuted. They took Bitcoin from U.S. investors at $19,000 value, and are now refunding while it's at $14,000.

Talk about adding insult to injury.

These are the people who copied the Spectrecoin (XSPEC) wallet and then advertised themselves as the most secure crypto. (HELLO - they are using Spectrecoin's signature tech -
of course it's secure!) Thankfully XSPEC does not discriminate and is open to all. And for 1/4th the price!

I had been going to put some money on this platform. But now see that the things are not goes smoothly. So I think it is better to hold and operate my money in some other places. Thanks for information.

LupeKidman

full member

Activity: 126

Merit: 100

Wow, big news. Seems like it all was planned, right?

limmousine

sr. member

Activity: 546

Merit: 251

This is a bad decision from tokenpay and there may be many investors who are disappointed at this decision. I was confused and regretted, why this is not announced before ico started.

IlfarIldarovich

full member

Activity: 448

Merit: 100

It seems that large people are driven to 8-10 BTC to $. But already there should buy ,wait for a good moment to periscope

bitcoinbox

sr. member

Activity: 675

Merit: 254

So far so good

Is it necessary to remember that investing in an ICO or in a blockchain related project is always extremely risky?
There is never any guarantee that you will get your investment back when things don't go according to plan.

srqrebel

full member

Activity: 256

Merit: 100

Quote from: drpixou on December 22, 2017, 12:55:10 AM

Is this for some law or new gubernamental stuff?

They did not specify.

drpixou

jr. member

Activity: 53

Merit: 10

Is this for some law or new gubernamental stuff?

Tone147

member

Activity: 221

Merit: 10

TokenPay this ICO wallet I downloaded the version of Windows, but found that I couldn't sync the data, so I chose to give up the ICO because I didn't know how to solve the problem of the sync wallet.

floyd1987

newbie

Activity: 37

Merit: 0

Quote from: srqrebel on December 21, 2017, 10:50:56 PM

TokenPay has just announced that TPAY will no longer be offered for purchase by United States citizens or United States residents, will be cancelling existing purchases from U.S. citizens and residents, and will be offering refunds based on the price paid. Which presumably means in Bitcoin. Which has dropped substantially in fiat valuation since the ICO debuted. They took Bitcoin from U.S. investors at $19,000 value, and are now refunding while it's at $14,000.

Talk about adding insult to injury.

These are the people who copied the Spectrecoin (XSPEC) wallet and then advertised themselves as the most secure crypto. (HELLO - they are using Spectrecoin's signature tech -
of course it's secure!) Thankfully XSPEC does not discriminate and is open to all. And for 1/4th the price!

This would make me furious if I had fallen victim to this. Just reading about it makes me a little sick, and I saw this coming from miles away. Anyone who copy/pastes someone else's work and then passes it off as their own doesn't have the best character, which strongly suggests some future nefarious action(s) in the future. That reason alone was enough for me to avoid TPAY.

On top of that, since XSPEC's development team is focused on developing cutting edge privacy technology, instead of just swiping it from someone else who did the work, I value XSPEC more.

trainasauruswrecks

full member

Activity: 135

Merit: 100

Christ.
So they:

1. Try to market tech as their own fork of Shadowcash when it clearly isn't a fork of Shadowcash.
2. They then sell coins for 6USD?! using this open source wallet that they claim is their invention.
3. They actually get investors who use btc to get the tokens.
4. They get the FIAT for BTC.
5. The price drops and they refund the BTC at a lower value.
6. And the investors get no Tokenpay tokens?

So Tokenpay got an interest free loan.
The investors lost opportunities to invest in a more worthwhile coin or project.

Just me, but I'd be miffed.

Topic: TokenPay just gave the middle finger to its U.S. investors (!) (Read 402 times)