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I agreed to provide an escrow service for the initial coin distribution of the "Crypti" project. The main thread for this project is here:
https://bitcointalksearch.org/topic/xcr-crypti-dapps-sidechains-dapp-store-open-source-100-own-code-dpos-654463BE SURE TO FULLY READ AND UNDERSTAND ALL OF THIS BEFORE SENDING BITCOINS TO THE ESCROW ADDRESS.
* PREAMBLE
• By sending Bitcoins to the escrow address you agree to the terms of this escrow service as detailed below.
• I will not take any responsibility for Bitcoins you send to the escrow address. People who already have used my escrow service most probably know that I won't run away with your coins. I will of course do my best to keep them safe and I’ll try to make this a success for all parties concerned. But there are always uncontrollable circumstances and some things could potentially go wrong with a new project like this. So I can't take any responsibility for your Bitcoins or the Crypti coins you wish to receive.
• Should there be any dispute between investors and the Crypti team I will be the ultimate arbitrator to decide what's to happen with the Bitcoins sent to the escrow address.
• I do not personally know the developers of this project and I don't invest in this project myself. I'm not affiliated with any of the Crypti developers, I'm not endorsing this project and I don't give any recommendation to invest. I'm merely providing a neutral escrow service. Be sure to do your own research.
• I signed this message with my PGP key, you can find my public PGP key in my profile signature and on
www.keybase.io/maxmint. I never send out escrow details or Bitcoin addresses without signing them.
• Don't trust quoted addresses as they may be tampered with. If in doubt, refer to my original posting and verify my signed message.
• Should the Bitcointalk forum go down you can reach me at
[email protected]• A copy of this posting is located at
http://pastebin.com/LtJ218jC* THE ESCROW ADDRESS
• I created a Bitcoin address, hereinafter referred to as the escrow address.
• The escrow address was created on an offline computer and is backed up securely.
• The escrow address is 1u2FuXyp9BSVKaNA1FidqzTvRsYiGVkn8
• Do NOT send Bitcoins from an address that you don't control the private key of. This is absolutely crucial as you will have to sign a message with your private key to claim your Crypti coins. If you don't know what a private key is then you should not proceed at all.
• Do NOT send Bitcoins from a hosted wallet like Coinbase as you won't be able to access your private key. Sending from a hosted wallet like Coinbase means that you won't be able to receive Crypti coins and that you won't be able to receive a refund of your Bitcoins.
• Please also note that a Bitcoin transaction can have multiple inputs. This means that your Bitcoin client probably sends from more than one address. Always send from only one single address, most modern Bitcoin clients allow you to choose your inputs. If your transaction has multiple inputs then the largest input will be considered as the relevant investment address.
* PHASE 1: PRE-SALE
• The investment phase for the Crypti project ("pre-sale") will run for 30 days. It starts on Fri, 11 July 2014 00:00:00 UTC (epoch timestamp: 1405036800) and runs until Sun, 10 August 2014 00:00:00 UTC (epoch timestamp: 1407628800).
• People who are interested in investing in the Crypti project can send their Bitcoins to the escrow address and will get a share of Crypti coins after the pre-sale has ended, see section "Crypti coin distribution".
• There will be a fee deducted from your investment, see section "escrow service fees".
• After the pre-sale has ended, you will have to sign a message with the private key of the investment address you sent the Bitcoins from. This message will include your Crypti account number and allows the Crypti team to securely link your investment to your Crypti account number.
• I will hold the Bitcoins on the escrow address until the Crypti development team has successfully distributed Crypti coins to all investors in the announced way.
* PHASE 2: CRYPTI COIN DISTRIBUTION
• Within 7 days after the pre-sale has ended (until Sun, 17 August 2014 00:00:00 UTC, epoch timestamp 1408233600), the Crypti team will send Crypti coins to each of the investors according to the allocation scheme described here:
https://github.com/crypti/crypti-docs/blob/master/presale.md• I have copied this document to pastebin for later reference:
http://pastebin.com/DqCNWWug• I also created a SHA256 hash of the raw pastebin document: 79bfb302c21cf075b668fcb5d428c574734519e9fe11bc8d8787a642adde2188
• There's a minimum investment amount of 0.01 BTC. Any transaction that sends less than 0.01 BTC will not be included in the Crypti coin distribution and will not be refunded.
• There's a cap of 2% (of total Bitcoins invested during the pre-sale, both via Bter and Maxmint) per transaction. Any transaction larger than 2% of the total amount of Bitcoins collected will receive a refund of the excess amount. So if you send 4 BTC and the total amount collected was 150 BTC you would receive a refund of 1 BTC.
* PHASE 3: WAITING PERIOD
• After the initial coin distribution, there will be a 7 day waiting period. During this time the Crypti coin distribution can be checked and possible complaints can be filed.
• I will NOT check each and every Crypti account to see whether this account received the correct amount of Crypti coins. Instead, I will use an automated tool provided by the Crypti team to get an overall look on the Crypti coin distribution. This tool is located here:
http://crypti.me:11050/• Should an investor feel that his account received the wrong amount of Crypti coins or no Crypti coins at all then he will need to contact the Crypti team as well as me.
• In case of disputes I will refer to the above distribution scheme.
* PHASE 4: RELEASE OF BITCOINS
• After the waiting period is over and in case of a successful Crypti coin distribution, I will send the Bitcoins on the escrow address to the Crypti team, minus a 1% success fee.
• Should the Crypti team not be able to distribute Crypti coins in the announced way, then I will send back investments to investors, minus a 3% service fee, see section "Refunds".
* ESCROW SERVICE FEES
• There are 2 fees for this escrow service, a 1% success fee and a 3% refund fee.
• In case of success, the 1% fee will be deducted from your investment. So if you send 1 BTC to the escrow address you will receive Crypti coins worth 0.99 BTC and the Crypti team will receive 0.99 BTC.
• In case of a refund, a 3% fee will be deducted from your refund. So if you send 1 BTC to the escrow address and I send back a refund, you will receive 0.97 BTC.
* REFUNDS
• A refund will only be sent if the Crypti team is not able to deliver Crypti coins in the announced way.
• You won’t be able to receive a refund during the pre-sale period.
• A refund will be sent back to your investment address. If a transaction has multiple inputs then I will send the refund to the input with the largest amount. Should there be 2 inputs with the exact same amount then I will choose randomly.
• There will be a 3% fee deducted from the refunded amount, see section "escrow service fees".
• The necessary mining fee for refunds will be deducted from each investment.
* DISPUTE HANDLING AND UNFORESEEN PROBLEMS
• It's quite obvious that there could be problems that are not foreseeable. Should an unforeseen problem occur, then I will talk back to the community as well as the Crypti team to find a solution. Should there be no solution that everybody agrees on then I will be the ultimate arbitrator to decide how to proceed.
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