Does anyone know what happened to the Syscoin launch? I'm hearing there is a lot of drama going on but I missed the developments apparently.
Looking thru the blog posts, this is what I have found out. If any of our blog readers are Syscoin investors, please correct me.
It seems that Syscoin had an IPO and collected 250 BTC. The devs promised to set the BTC as a SELL WALL on an exchange, so it the price ever fell to the IPO price of around 500 satoshi, the original investors could sell and get their BTC back.
Apparently, the devs have absconded with the BTC and are not answering email or blog posts.
"I'm shocked, I tell you........ Shocked! !!"
Nice blatant lying...
First of all the IPO collected 1500 btc in total.
Things did not work as expected at launch so people were upset.
Moolah attempted to hand over 250 btc of the escrowed funds to the devs.
The devs returned the 250 btc because they knew people were not satisfied with the launch yet.
So no, the devs have not absconded with any BTC- quite the opposite- and they are responding and working on the issues..