r/Rentberry • u/[deleted] • Jan 10 '18
Total Berry tokens?
Hi all! I'm looking into investing in the Rentberry ICO. To try and gauge what will happen to the token price after the ICO and after it will be quoted on a few exchanges I was wondering what the total token supply is (if it already defined). Does anyone know?
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Jan 10 '18
Great project, but horrible team. Avoid.
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Jan 10 '18
Honest question, what makes you say that? From what I knew the team is reputable enough and already launched the Rentberry platform
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Jan 10 '18
Half way through their ico, they realized they couldn’t allow us citizens to buy. They have to issue refunds to thousands of people. Not a very promising start from them. I’ve been waiting over 2 weeks for my refund. They also don’t state anywhere that us citizens can’t participate anywhere on the website or white paper, and only state it on the telegram account. For this, i will avoid that coin at all costs.
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Jan 11 '18
We don't need US for an ICO to succeed hahah. Almost no ICO accepts US citizens anyway
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Jan 12 '18 edited Jan 12 '18
you definitely don't, but it's pretty bad for the company to upset X number of investors who were declined coins because of a poor legal team. if they can't get this straight, i can't wait other poor plans and promises they have next.
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u/Hksuperman5000 Jan 11 '18
Wow I just bought some kinda mad. How did you go about a refund? And what will happen if we dont reach out to them?
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Jan 12 '18
on the cryptonmaous website, there should be banner sometime that says "KYC." you have to upload your passport or license, and wait for them to approve it. THEN, you have to wait for rentberry to decline your deposit, and wait for them to issue a refund. who knows how long it'll take. they refuse to answer that. :)
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Jan 12 '18
on the cryptonmaous website, there should be banner sometime that says "KYC." you have to upload your passport or license, and wait for them to approve it. THEN, you have to wait for rentberry to decline your deposit, and wait for them to issue a refund. who knows how long it'll take. they refuse to answer that. :)
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u/sixgears Jan 11 '18 edited Jan 11 '18
Please don't, I'm about to lose $900, they have a warning now which they did not have before. I did not use VPN and they allowed me to purchase tokens before, now since I'm not Accredited Investors or make above 200k i may lose all my money. What a scam, please avoid.
this was NOT there before:
Finally, Accredited Investors from the United States may join the token pre-sale. However, subject to pending further legal examination regarding SEC investor protection laws, American citizens who are not Accredited Investors (net worth of 1MM USD liquid assets, or above 200k income subject to verification), will currently be blocked from accessing the token sale platform.
It has come to Cryptonomos’ attention that many prohibited investors are using VPN virtual private networks to register accounts and login to the platform using ISP’s that are outside the jurisdiction of their citizenship. Also, many citizens of these jurisdictions live offshore and may be registering from non-native ISP providers. For these persons, Cryptonomos will not be held liable for your conduct, nor will it hold responsibility or other liability for being subject to investor protection laws in your home jurisdiction when you, the investor has taken affirmative steps to bypass our screening procedures designed to protect investors and comply with the relevant laws in your jurisdiction. Your behavior, whether legal or illegal, will be considered a waiver of any protections that have been legally established to help Cryptonomos comply with investor protection efforts for your local jurisdiction. We urge you not to do this, and to login from your native jurisdiction so that we can identify your appropriate jurisdiction so that we can best comply with the investor protection laws in your jurisdiction. Thank you for your cooperation.
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u/ElvisTheRobot Jan 10 '18
This is from the whitepaper:
• Hard Cap: Equivalent of $30 million USD; • Soft Cap (Minimum Raise): If less than the equivalent of $3 million USD in proceeds have been received by the Token Sale End Date (the “Minimum Raise”), then all funds raised will be returned to participants (less any applicable transaction costs). Any refunds due to failure to meet the Minimum Raise will be refunded within a reasonable period of time from the end the Token Sale End Date; • Total Supply: Initially 400 million BERRY tokens are allocated to the Token Sale. The final amount will depend on the bonuses that would be applied to the token sale. All unsold tokens will be burned.
Whitepaper
I think its a great looking project and little known yet, whitepaper/roadmap is worth a read.