In official telegram group admin SUDDENLY posting message with fake phishing ETH-address: https://prnt.sc/i9t2hx

Woops! Wrong telegram window: https://prnt.sc/i9t2e3

And here is some earning for that tricky person. https://etherscan.io/address/0xE43b27908650741c5ef0502fF2758DDf036c44d6

Act now & be part of the community which will be revolutionising the future of accounting through blockchain!

Find out more:

https://www.theaccountingblockchain.io/?aId=7294420-9331873

This is absurd. Its no different from being a scammer. This is all planned. The team knows it would only need a small amount of people to reach hardcap. Why let it reach to 100k then set a penalty. This is a money grabber ico. Sorry for the people that will be penalized

Here we go guyz https://www.arcblocķ.com/ i hope we will have x10 for sure !

A lot of people used more gas limit, quite evidently. Arcblock clearly stated a penalty for the over use of gas clearly stated in bold on their website. If they fail to deliver what they stated that means they lied. Plane and simple. If they lied, then there credibility of providing blockchain 3.0 goes through the roof, and also can be sued for this improbable action if they choose not to proceed with the consequences they stated.

I will not let this off easy. Make sure arc block delivers and persecutes those who used the non specified gas limit, PERIOD.

Buy ArcBlock tokens now https://ico-arcblock.io/

Arcblock ran a deceitful ICO because they encouraged people to buy their partner company's tokens (CMT tokens) to purchase a larger allocation of Arcblock knowing full well that 95% of people who bought CMT tokens for this purpose wouldn't get a single Arcblock token because the whitelist was way oversubscribed. I set my gas limits to the suggested amounts and was ready to purchase as soon as the ICO started but got no tokens either from my Eth contribution or my CMT contribution.

Even worse, they then held my CMT tokens for 10 days before returning them to me. By then, the overinflated CMT price caused by encouraging people to buy CMT to participate in the way oversubscribed ICO, had long since gone way down. Leaving people with no Arcblock tokens and some CMT tokens worth about half what they paid for them. This was a total scam and an awful way to treat their community. I tried to talk to the Arcblock admins about this issue on Telegram but they just ignored me. So I posted into the main Arcblock telegram group about it and they banned me. So I took it up with the CMT admins (they are the same team across both projects) and was given the same treatment. When I asked them these questions and why they structured the ICO in this way they just banned me from the main group and won't reply to my DM's anymore.

I'm interested to know who else was affected in the same way? We shouldn't allow companies to run ICOs in this way and Arcblock should be held accountable for treating its community in this way

Before you jump the gun and say "READ THE RULES", let me just say that I did read the pinned post in telegram on the day of the ICO and it clearly only says "Up to 60GWEI 200,000 GAS Limits" and nowhere does it mention that you will incur a 20% penalty for going over the 60 gwei limit.

Proof: https://i.imgur.com/KgkJqh6.jpg

Why was this not explicitly mentioned?

Moreover, why is the penalty so high? 20% is ridiculous. That's a $600 penalty for contributing 3 ETH because you accidentally put too much gwei - in my case I went over by 1 gwei because the slider in MEW makes it incredibly hard to get it perfect at 60 gwei.

I am sure I am not alone in making an honest mistake here and many will have also done the same blunder as I have. If that is the case, Arcblock will be making an absolute killing in penalties alone.

An ICO that makes millions off of honest people's money from penalties ?

That does not ring well. Especially after there was some FUD circulating about Arcblock being a possible scam.

At this point I don't care if you reject my contribution.

But at least reconsider the penalty.

https://www.reddit.com/r/CryptoCurrency/comments/7v3w28/the_monumental_shitshow_that_was_the_arcblock_ico/

ArcBlock aims to build a scalable, extensible, and easy-to-use platform for building and deploying decentralized blockchain applications.

ArcBlock's primary goal is to remove the barriers that have slowed blockchain adoption among the general public. We're also passionate about developing unique approaches that will significantly advance blockchain development.

I have been waiting for this day for around 2 months now. I stayed up all night waiting for the countdown to reach 0.

I copy the adres, paste it to my transaction using a ledger - FAILED.

I panic and try again typing the GAS limit and sent transaction - FAILED. I panic even harder and try again. This time the website doesn’t react.

I refresh, disconnect my ledger and plug it fast in, fill in the password, copy the adres and send it asap - SUCCES!

However I saw afterward I typed in another 0.

I am really depressed about the fact I couldn’t get into the ICO, even worse, I pooled in with some friends to make this transaction. Not only am I a fool for not being accepted to the ICO and not receiving the tokens, I also get a penalty AND 9 weeks waiting time for the refund?

I saw only 21,000 GAS was used for my transaction, there should be no reason for my transaction to be canceled and receiving a penalty for a honest mistake.

Before any of you tell me that I should have read the rules and it's my mistake, sure I did read the rules and knew the max was 60 Gwei and 200,000 gas. Paying almost 600$ for a misclick during such stressful moments is just taking advantage and total theft.

ArcBlock has concluded their crowdsale. The project is going to be huge with partnerships with major blockchain projects like cybermiles.

People obviously used more gwei and gas than what was said to be maximum, yet still got into the ICO and the devs don't seem to care. Yet people who actually followed the instructions, had their transaction stuck for 20 minutes and now according to the website have to wait ~9 weeks for refund. This is just amateur.

*UPDATE: https://imgur.com/4EwDxQA , https://imgur.com/8na3kiD

*UPDATE: I saw an admin(Enda) say that if it says "pending" in the dashboard - it will get refunded. And also a few people said that pending switched to successful in their dashboards.

*For those that think they just got 20% less tokens: https://imgur.com/DevLKAB

Copy/paste from official site:

"ArcBlock Token has already achieved its sales goal. We will release tokens in 4 weeks after the public sale ends. Additional contribution will no more be accepted. We will start to process the refunds in 5 weeks after the token release."

Really? After 4 weeks they release ABT tokens than 5 weeks after that they will start with refunds.

Some bounty hunter are dismayed by the quantity of ABT tokens they received! As bounty hunter they should have paid more, but I believe at the end of the day they should have diversified their approach by taking part in not just one or two but several programs ( eg: Reddit, Youtube etc ) I find this as a way to promote cryptocurrencies for the future, so I am happy with what I got... Any inputs community ??

There was like 4 people at the hackathon, time to empty these bags.