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TOM_BHAYYA

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Unfortunately Benebit was a scam. Below are the details

We are saddened to announce that the Benebit ICO was an elaborate scam.

We’re currently investigating and looking into all our options to recover the funds and find the responsible parties. We'll keep you informed. 

It looks like most or all of the companies involved with Benebit were scammed by them as well. This includes the company who was managing their Telegram and doing content marketing for them and more, the technology company who did their website, dashboard and created their white paper. Even some of the advisors had no idea that Benebit is not a legitimate project. The actors in their MVP video were probably unaware as well. This is a tough lesson for the all of us. 

Benebit was originally requested by some of our members. The business case looked good at the first glance. Similar ICO projects trade for a good price at the moment.

Please note that we always tell our members to do their own research, never contribute more than they can afford to lose, and to stay diversified. We do not promise to perform due diligence nor guarantee accuracy of any information provided. Of course, we look at the ICO, study the white paper, look at LinkedIn profiles, talk to the team, read press releases (they even had one on NASDAQ), and more, but it’s always the responsibility of the person contributing the ETH to do their own research. It’s their ETH after all. 

Given the statistics of all our previous deals, our long-term members are still substantially ahead in ETH returns. As we all know, ICOs are extremely risky. Outsized returns come with outsized risks. So far the math has been in favor of the contributors: The occasional 5-10x return on a contribution can pay for a lot of ICOs gone wrong for any reason. But there are no guarantees.

We’re deeply grateful to all our loyal members who are now showing us their support, giving us encouragement and are already looking forward to the next deal. 

Going forward, we will do our best to implement changes to prevent this from happening again. One can never be 100% safe in crypto-land.

Rest assured that this does not affect any of our other past private sales. 

We're currently looking into the option to organize ICO airdrops for the Benebit victims. 

We have a big community and doing an airdrop for the victims of the scam would be good PR for the generous ICOs willing to help out. If you know an ICO that would be willing to help out, please let us know.

Security note: If you’ve used a shared password in the Benebit dashboard, you might want to change it in all other places where you’ve used it.

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Restart Energy Pre-Sale ends at 87.5%; Main Sale in 24h due to Popular Demand

By Popular Demand, due to the amazing success of our MWAT Private and Pre-Sale, we’re closing our Pre-Sale early - at 360 million MWAT tokens sold (26.25 million USD or 87.5% of our 30 million USD cap) - so that smaller contributors have a chance to secure their own MWAT tokens. After a pause due to technical reasons, the Main sale will start at 10 AM (GMT) 23.I.2018, with no minimum contribution and a token bonus of 15% on the first day, reduced by 1% per day.

As a company, we have always tried to be as fair as possible to everyone, and after receiving thousands of requests to allow smaller contributors a chance to acquire MWAT, we have decided to end the Pre-Sale early, in order to start the Main Sale - where everyone can purchase MWAT, no matter the amount. To achieve this, we had to implement a 24h interdiction on all contributions, due to technical reasons, after which we will resume the service, with small purchases of MWAT being possible.

To reiterate: the Main Sale will start at 10 AM (GMT), 23.I.2018 - TOMORROW.

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19 minutes ago, ronitreddy said:

Restart Energy Pre-Sale ends at 87.5%; Main Sale in 24h due to Popular Demand

By Popular Demand, due to the amazing success of our MWAT Private and Pre-Sale, we’re closing our Pre-Sale early - at 360 million MWAT tokens sold (26.25 million USD or 87.5% of our 30 million USD cap) - so that smaller contributors have a chance to secure their own MWAT tokens. After a pause due to technical reasons, the Main sale will start at 10 AM (GMT) 23.I.2018, with no minimum contribution and a token bonus of 15% on the first day, reduced by 1% per day.

As a company, we have always tried to be as fair as possible to everyone, and after receiving thousands of requests to allow smaller contributors a chance to acquire MWAT, we have decided to end the Pre-Sale early, in order to start the Main Sale - where everyone can purchase MWAT, no matter the amount. To achieve this, we had to implement a 24h interdiction on all contributions, due to technical reasons, after which we will resume the service, with small purchases of MWAT being possible.

To reiterate: the Main Sale will start at 10 AM (GMT), 23.I.2018 - TOMORROW.

Bhayya do you know how is this ICO? this project looks strikingly similar to upcoming We Power and existing Coin Power Ledger.

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43 minutes ago, FilmAdmirer said:

Bhayya do you know how is this ICO? this project looks strikingly similar to upcoming We Power and existing Coin Power Ledger.

They all come under same platform with different features. Please go through the below link for the differences

https://steemit.com/powerledger/@liudasbutkus/comparison-between-power-ledger-wepower-and-restart-energy

Coming to the Restart Energy, it's well established. Several key points about RE have been listed below:

Restart Energy is an established and licensed EU energy & gas supply company operating in 3 european countries, with 30,000 customers, 20 MM USD revenues, 70 employees, 200 commercial locations, 300 franchises, 40,000 paypoints and complete infrastructure and process automation for handling millions of low volume consumers like households and SME’s.

2.  Restart Energy has grown 1700% in an extremely competitive environment dominated by vertically integrated energy companies like ENEL and E-On and is as we speak taking 2000 - 3000 new customers per month from such companies because we employed Europe’s first power retail franchise sales model that unleashes the potential of micro entrepreneurs to participate in the energy business as our partners.

3.  It’s very important to know that you cannot legally supply electrical energy or natural gas to final consumers without holding a supply license in each country on earth that is deregulated and where you want to supply !

4.  Restart Energy is building a global network of licensed energy supply companies with the help of the RED Franchise by supporting and making it simple for people and companies to get a supply license in their home country and start their own power utility all working on the RED Platform.

5.  The RED Platform can tokenize energy produced in one country and get that energy delivered through a licensed franchisee in another country without the two countries being physically interconnected.

6.  The MWAT tokens have 3 utilities, they give access to trade up to 1000 KW Tokens/Month on the RED Platform for both producers and consumers ; they give access to different tiers of the RED Franchise and to monthly inputs of energy from producers accessing the platform.

7.  In addition, the RED Platform awards Crypto Green Tokens to consumers using green energy from the RED Platform as way to further incentivize the use of renewable energy. 

8.  RED will have first mover advantage and our system is designed to work with existing laws and regulation. The platform we propose is already in use with all clients, minus the blockchain element. 

9.  Energy Supply and trading is a very technical and complicated activity that requires years of experience and systems in the background. New companies like Power Ledger and WePower do not understand how difficult it is to really penetrate this market. Restart Energy entered the retail market after 7 years of energy production, balancing, dispatching and cross-border trading. Restart Energy has 70 employees to manage the entire set of activites that an energy supply company has to perform including all the reporting to the energy authorities.

 

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12 minutes ago, ronitreddy said:

They all come under same platform with different features. Please go through the below link for the differences

https://steemit.com/powerledger/@liudasbutkus/comparison-between-power-ledger-wepower-and-restart-energy

Coming to the Restart Energy is an established model. Several key points about RE have been listed below:

Restart Energy is an established and licensed EU energy & gas supply company operating in 3 european countries, with 30,000 customers, 20 MM USD revenues, 70 employees, 200 commercial locations, 300 franchises, 40,000 paypoints and complete infrastructure and process automation for handling millions of low volume consumers like households and SME’s.

2.  Restart Energy has grown 1700% in an extremely competitive environment dominated by vertically integrated energy companies like ENEL and E-On and is as we speak taking 2000 - 3000 new customers per month from such companies because we employed Europe’s first power retail franchise sales model that unleashes the potential of micro entrepreneurs to participate in the energy business as our partners.

3.  It’s very important to know that you cannot legally supply electrical energy or natural gas to final consumers without holding a supply license in each country on earth that is deregulated and where you want to supply !

4.  Restart Energy is building a global network of licensed energy supply companies with the help of the RED Franchise by supporting and making it simple for people and companies to get a supply license in their home country and start their own power utility all working on the RED Platform.

5.  The RED Platform can tokenize energy produced in one country and get that energy delivered through a licensed franchisee in another country without the two countries being physically interconnected.

6.  The MWAT tokens have 3 utilities, they give access to trade up to 1000 KW Tokens/Month on the RED Platform for both producers and consumers ; they give access to different tiers of the RED Franchise and to monthly inputs of energy from producers accessing the platform.

7.  In addition, the RED Platform awards Crypto Green Tokens to consumers using green energy from the RED Platform as way to further incentivize the use of renewable energy. 

8.  RED will have first mover advantage and our system is designed to work with existing laws and regulation. The platform we propose is already in use with all clients, minus the blockchain element. 

9.  Energy Supply and trading is a very technical and complicated activity that requires years of experience and systems in the background. New companies like Power Ledger and WePower do not understand how difficult it is to really penetrate this market. Restart Energy entered the retail market after 7 years of energy production, balancing, dispatching and cross-border trading. Restart Energy has 70 employees to manage the entire set of activites that an energy supply company has to perform including all the reporting to the energy authorities.

 

@ronitreddyMWAT tokens US vallu participate cheyakudadu ani vundi kada? eka konali ee coins?

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1 hour ago, ronitreddy said:

They all come under same platform with different features. Please go through the below link for the differences

https://steemit.com/powerledger/@liudasbutkus/comparison-between-power-ledger-wepower-and-restart-energy

Coming to the Restart Energy, it's well established. Several key points about RE have been listed below:

Restart Energy is an established and licensed EU energy & gas supply company operating in 3 european countries, with 30,000 customers, 20 MM USD revenues, 70 employees, 200 commercial locations, 300 franchises, 40,000 paypoints and complete infrastructure and process automation for handling millions of low volume consumers like households and SME’s.

2.  Restart Energy has grown 1700% in an extremely competitive environment dominated by vertically integrated energy companies like ENEL and E-On and is as we speak taking 2000 - 3000 new customers per month from such companies because we employed Europe’s first power retail franchise sales model that unleashes the potential of micro entrepreneurs to participate in the energy business as our partners.

3.  It’s very important to know that you cannot legally supply electrical energy or natural gas to final consumers without holding a supply license in each country on earth that is deregulated and where you want to supply !

4.  Restart Energy is building a global network of licensed energy supply companies with the help of the RED Franchise by supporting and making it simple for people and companies to get a supply license in their home country and start their own power utility all working on the RED Platform.

5.  The RED Platform can tokenize energy produced in one country and get that energy delivered through a licensed franchisee in another country without the two countries being physically interconnected.

6.  The MWAT tokens have 3 utilities, they give access to trade up to 1000 KW Tokens/Month on the RED Platform for both producers and consumers ; they give access to different tiers of the RED Franchise and to monthly inputs of energy from producers accessing the platform.

7.  In addition, the RED Platform awards Crypto Green Tokens to consumers using green energy from the RED Platform as way to further incentivize the use of renewable energy. 

8.  RED will have first mover advantage and our system is designed to work with existing laws and regulation. The platform we propose is already in use with all clients, minus the blockchain element. 

9.  Energy Supply and trading is a very technical and complicated activity that requires years of experience and systems in the background. New companies like Power Ledger and WePower do not understand how difficult it is to really penetrate this market. Restart Energy entered the retail market after 7 years of energy production, balancing, dispatching and cross-border trading. Restart Energy has 70 employees to manage the entire set of activites that an energy supply company has to perform including all the reporting to the energy authorities.

 

Thanks for the detailed response.yourock

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10 hours ago, ronitreddy said:

Please read this WARNING by MyEtherWallet.com about EtherZero:

 

@RonitReddy: Hi Ronit, can you look at this ICO "shping" and let me know how it is ??

 

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