Internet of Coins Update #22: Rolling on all chains

13 Jul 2017 / CodaSiren

'How we roll'

We noticed some questions about the token release cycle in our email inbox. Some supporters asked how and when they would receive their tokens. For most people, the tokens will be released in the first quarter of 2018, when our integrated and user-friendly wallet has been developed. For the hardcore experts, who want to create seven addresses on seven chains by hand and know how to manage their tokens securely, it is important to follow the instructions on our early holders page very precisely. If you make a mistake, your tokens will be sent to the wrong address and you will LOSE them! Once your tokens have been released, there is NO WAY for us to get them back and we cannot give you a refund. If you really want to receive the tokens now before everyone else, please send your request with the required addresses to us before August 1st, 2017.

Please send your request from the same email account as the one you used to sign up for our crowdfund. Do not forget to mention the correct TXID(s) of your donation. If we get all seven addresses correctly, along with the TXID (transaction hash) of your donation, the token release will be done at the end of the following week.

Seven chains unchained

In the last week we fixed the small problem with the NXT chain and we are currently releasing tokens to all advanced expert users that supplied us with the correct information for their seven wallet addresses. Processing all the transfers can still take some time, but all transactions should be finished before the weekend.

The tokens for those who have chosen to wait for the integrated solution will be held safely in reserve until we have developed the technology to unite the tokens on the seven blockchains. Make sure you safely store vital information like your transaction hash, the time, date and amount of your transaction. If you are an expert and have sent us seven correct addresses (see also the NOTES on our early holders page), but have not received any tokens after two weeks, simply send us your seven addresses and the TXID of your donation again, from the same email address that you used to sign up for the fundraiser. Experts have until August 1st to deliver us all the information necessary to successfully become early holders. After that date, they will have to wait until our integrated solution is ready.

Our policy against scammers

We are are grateful for the generosity, trust and support of our crowdfunders. But sometimes we have noticed individuals attempting to commit fraud. When a fraudulous claim is detected by us, we will remove the scammer's records from our crowdfund database completely without notice, since we refuse to negotiate with thieves. Of course, it is possible for mistakes to be made and if you have sent in a lawful claim, but not heard anything from it within two weeks, please communicate fully and clearly, providing us with as many relevant details and screenshots as possible. Send your appeal to along with all attachments and information regarding your donation and we will consider your case.

Internet of Coins Update #21: Where do we go from here?

07 Jul 2017 / CodaSiren

Early holders

In our last newsletter, we spoke about the opportunity for crypto experts to become 'early holders'. Of all the applications, we had to ask more than two thirds to reapply, as they did not send the seven addresses necessary for successful distribution of tokens. We hope these pioneers will have patience as we work out the details in cooperation with them. We recommend everyone to wait for our wallet app, in order to provide an easy and secure solution for you. (See our milestones for a roadmap of our development.) Becoming an early holder is only an option if you manually want to set up seven blockchains and are able to manage the tokens in a secure way. You must be prepared to face the risks in this first distribution phase. We advise all early token holders to excercise caution in trading and recommend to wait with trading until system development is more defined. Remember to bring your own umbrella.

First token emissions successful

On Wednesday, we successfully distributed tokens on 6 out of 7 blockchains for several of our early holders. For the NXT chain, we encountered a minor problem in automating the transfers, but nothing that we do not expect to solve in a couple of days. We expect to release these tokens somewhere next week. Those who receive their tokens in this early phase are pioneers in the literal sense of the word. They are now responsible for the tokens that underpin the very first distributed cross-blockchain solution, the HYBRID. For now they must work without the 'umbrella' of an integrated application, such as Internet of Coins is developing, thanks to our crowdfund supporters. We are committed to developing the Internet of Coins 'personal financial operating system' so everyone will be able to handle their tokens in a user-friendly way.



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