This guys is full of shit. If you don't see how much of a scam this whole campaign is, then you deserve to lose all your money.
It appears that you have something personal against our project or / and team, otherwise I find it hard to explain how you mixed so much negativity into a single post. Still, you took the time to raise your concerns in public, and we feel obliged to answer on them.
There are no legal and regulatory laws preventing any company from having legitimate investors. If they really are confident in their product, then they shouldn't have any issue with calling investors what they are (or are they too scared to have REAL obligations to deliver). Investors clearly understand the risks of investing, but calling them "donators" is just pretty much robbing you in broad daylight. Which company out there calls people "donators"?? You buy a stock of a company, you are an investor and shareholder flat out. When Facebook, Twitter and Google conducted their IPOs, did they ask for "donations".
You really should look into SEC regulations including Howey test for unregistered securities, and how SEC can pursue any company worldwide that has even a single US based investor, before posting such statements. Rather than rushing into ICO (which we could do as early as June), we spent 5 months deeply studying the subject, including working with one of the leading legal companies, in order to set up the best available structure that will protect us, our users and the companies that will be using Wings. Designating any transaction as a donation is a part of the structure, and it has nothing to do with any of the other reasons that you have mentioned.
For the matter of fact, one of the most successful altcoin projects Ethereum, was also set up as a non-profit foundation (and actually done by the same legal team), would you accuse them as a scam because of that?
This scheme brings into mind Synerio AMPs where Dor Konforty ran with the same "donation" scam and fucked over all his "donators" when they lost more than 70% of what they put in before they even got their coins. Guys, please wake up. You have a snake oil salesman who is pretty much selling you snake oil and not even hiding the fact that its snake oil. Do not "donate" to this fucker who will steal your money. These guys (and I believe many are ex crypti) are all part of the same developer cartels that copy, develop, pump and dump the coins that you won't hear about in a years time. Just look at what happened with Lisk, the DAO, and Synerio AMPs.
We don't have any relation whatsoever to Synereo, which also to my best knowledge is a US LLC company, rather than a Swiss non-profit foundation. Same with the DAO, and the only relation to Lisk, is that we shared same team with its founders (Max and Olivier), taking no part in Lisk campaign (beyond supporting Crypti until the transition to Lisk was completed). I'm sorry if you lost any money on these projects, however you really should address these concerns with these project leaders, rather than projecting this experience on us.
It worth emphasizing that one of the main reasons that Wings was established in the first place, was to bring more accountability to the crowd-funded projects, and returning control back to the project backers via DAO mechanics. We hope that once people see the benefit in such control over projects, they will demand from the project creators using Wings or / and similar platforms, in order to make sure the creator sticks to the original commitments, including how many project tokens the creator has access to.
Here is the funny thing. I actually have a background in finance, legal and compliance. Gee what a coincidence
Enough to wholeheartedly tell everyone on this forum that you are lying piece of shit. 1) You registered your "non-profit" in Switzerland which is not in the U.S. Hence, What relation would a U.S. regulator have over a company that's not even in the U.S.? 2) The SEC is a regulator for companies that issue SECURITIES to INVESTORS which is why its called the SECURITIES and Exchange Commission. WINGS is not a Security. If anything, Cryptocurrency has been deemed as a commodity which is out of the jurisdiction of the SEC. But that all doesn't matter, because you're in Switzerland anyway. Where did you get this "legal" advice again? Did you google all this up and try to concoct pieces together to make it sound like it makes sense? Clearly, you didn't do a good job.
Also "Donation" as part of a structure? Fucking Seriously?? You mean the structure to protect yourself and screw over all the investors. Again, there is no law that forbids having investors. Again common sense,all you people that are thinking of investing, have any of you heard of a legitimate company that operates under this "donation" structure? Because, I haven't. Not even actual REAL companies that issue securities and actually fall under the SEC jurisdiction utilize this "donation" structure.
You should return all the money which you've robbed people of already!!
To all potential investors, (sorry I mean donators), DO NOT give your money to this crook. This is a clear scam!!!!
