Hi i'm just re posting an update from Superior Coin
I'm not affiliated with Superior and i haven't purchased any coins but i think this needs to be seen by anyone who has been affected over the last week.
Dated July 26, 2017:
To the Holders of Superior Coin:
Superior Coin team thanks all the buyers of Superior Coin for your patience as this team continues to sort through the issues of the past week relating to several statements made to the public by Michael Q. Todd, as well as securing all the data relating to this project and establishing a direct path forward to completion.
THE SUPERIOR COIN CONCEPT
Superior Coin is designed to be a secure, private, untraceable currency. Unlike many crypto currencies that are derivatives of BTC, Superior Coin is based on the CryptoNote protocol and possesses significant algorithmic differences relating to blockchain obfuscation. Superior Coin’s main emission curve will have issued about 1.5 billion coins to be mined in over 30+ years. Superior Coin protects privacy in three ways, for all transactions on the network: 1) ring signatures hide the sending address, 2) RingCT hides the amount of the transaction, and 3) stealth addresses hide the receiving address of the transaction.
Since 2014 Superior coin has worked to create a truly usable and fast transaction coin that can be used on a daily basis for buying and selling of merchandise and services all over the world with integration into many platforms.
Contrary to Mr Michael Q Todd’s allegations, Superior Coin BlockChain network did not go down as it is a globally run network that uses Block chain distribution on software run in wallets that many Buyers and Miners have on their personal PC or Laptop. The entire concept behind a global Coin like Superior Coin is to attempt to prevent one person or small group of people from controlling and manipulating the price and transactions.
CURRRENT PROJECT STATUS:
In the days since Mr. Todd attempted to induce panic and declare this project dead, data has been secured, evidence has been secured, a new Domain names has been purchased, new Seeds for the Block Chain network have been configured, new servers have been set up and work has been done on the websites. The work continues as follows:
First, the team is actively working on servers for Pool Mining, Online Wallets, a website for using superior coin to buy, and sell services that our community provides on a global basis. It had hoped that Through the partnership with Crowdify it would be the very first website to use Superior Coin for services offered. Due to the instability demonstrated it has severed all ties with Michael and Yoriko Todd and plan to publish it’s own website for the first usage of the wide ecosystem originally planned for Superior Coin.
Second, the team continue to actively pursue the placing of it on exchanges around the world as had previously been promised by a former ICO representative Mr. Michael Todd.
Unfortunately given the events of the past seven days, Superior Coin team is unable to provide firm date on this task as it requires integration with the Exchange provider's website, and internal agreements with them. The team will continue to keep you updated BI-WEEKLY as it moves forward towards that goal WITH THE NEXT UPDATE TO BE MADE ON MONDAY, JULY 31, 2017.
As stated above: Superior Coin has accounted for 99% of the ICO initial sales received in BTC from the website sales. Of that 19% of those funds have been used during the ICO for development and business. The other 80% placed in USD and other Crypto Currencies. Michael and Yoriko Todd were the individuals that kept up with the usage of 75.9%, and Nathanael Senn the rest of the expenditures. Nathan can account for his expenditures although the expenditures of Todd’s cannot be fully tracked at this time.
Superior Coin has reason to believe that there were also sales in PayPal directly to the partnerships PayPal account opened and controlled by Todd, SuperiorCoin does not have full records of at the moment. SuperiorCoin continues to piece together the records and the data base of sales to establish those numbers so it can be reported to you.
PUBLIC REACTION TO DATE:
Not surprisingly, the reaction of the Public and Superior coin holders to the multiple and inaccurate FACEBOOK and other SOCIAL MEDIA statements made by Mr Todd have caused confusion and concern. And, as you may very well know, there is currently a petition on the web at the moment for a return on ICO purchases.
SuperiorCoin has heard you and SuperiorCoin understands your concerns after last week's fork with Michael and Yoriko Todd. Because of the necessity to prioritize the efforts discussed above, SuperiorCoin is not at the moment ready with the necessary websites to be able to process those returns, but SuperiorCoin HAS contemplated THIS POSSIBILITY in our plan forward and are WORKING TO PREPARE SO everyone will have option that best suits them , from selling their ICO offering to another member, Receiving back in BTC a PRO-Rata Share of funds captured and secured by SuperiorCoin, all the way to holding in web wallet or transferring to cold storage wallets you own.
The reason SuperiorCoin states all of this is after the past few days claims by Mr. Todd that your money has been lost by many people SuperiorCoin Team can confirm that 99% of BTC received from sales to you of a ICO offering is secure in USD, BTC, and other holdings (Except under Paypal received my Todd, and monies spent to advance project). In addition, all the Superior Coins sold are ready to be distributed to all buyers for trade manually and is working to achieve automated withdrawal and it will be a primary subject of updates.
Many accusations have been made against Nathan Senn, his Brother, and many team members that simply are not true. SuperiorCoin will address those one by one in later statements, and as specific questions are posed by current Coin Holders.
CONCLUSION:
For now SuperiorCoin Team wishes to ask for your continued patience and support that so many have graciously shown during this time of transition and tumult. SuperiorCoin remains dedicated to the successful completion of this project and continues round the clock efforts to bring a superior coin to an exchange that people all over the world can use on a daily basis for their transactions however, small or large they may be.
Thank you again and SuperiorCoin Team will next update its progress and address other issues on Monday , July 31, 2017.
