Hello Everyone,
First and foremost I want to personally thank everyone for being part of this great community and for being such great supporters of VINchain.
It is our duty to make sure that we stay compliant with all laws and regulations, and as such, we have hired new legal council to assist us with matters that came to our attention.
In light of recent developments and with scrupulous advice from our legal representatives we have decided to return the funds to American ICO participants.
We are here to build a long term business that will withstand the test of time, and so we are taking these preventative actions to ensure that our company has a bright and flourishing future.
Unfortunately the landscape the we find ourselves in today is still not matured to the point where there are firm regulations set in place. there are new developments every week, and as such we cannot be brash and just overlook this fact. when we were starting out the landscape looked one way and now it looks another. Due to this change we had to react in an appropriate manner. This is the decision and the reaction that we decided on. anything short of this would be foolish on our part
All US-based ICO participants will receive their funds back, in the exact amount that they contributed, and in the same currency that they contributed. It is estimated that the entire process will take two weeks to complete. We will announce this Friday (6/1/18) what this process will look like exactly.
1347 ETH has been contributed by American citizens so for those who cares about the supply and damage that it will make, this will not make a significant difference!
This Monday, before the end of the day (EST timezone), we will announce which exchanges we will be listed and at what time.
Again, thank you for being with us all this time. Together, we will revolutionize the automotive industry.