Refine Medium IEO Update:
Hello Refine community!!!
We officially announce the termination of our partnership with Dcoin Exchange. We apologize for this Scenario, as it was beyond our control to continue our IEO partnership with Dcoin Exchange as we could not accept their afterthought and illogical terms.For full disclosure, we have decided to share details leading the termination of partnership with Dcoin Exchange.
On Dcoin Exchange we conducted Our first Round of our IEO and raised $42,000 USD. As per our contract agreement with Dcoin Exchange, Refine was to receive all the raised funds after deduction of listing charges. However, the Dcoin Exchange Team breached the agreement between Refine medium and Dcoin. After first round of IEO Dcoin exchange raised demand that the Refine team must deposit 100 % of the raised fund with them for market making. In addition to it, Dcoin Exchange wanted an extra $12k deposit from Refine in the MM account. Since Dcoin exchange denied Refine Medium access to withdraw the funds, XRM IEO Round 2 and listing was cancelled. This breach of agreement clearly shows and proves that the Dcoin exchanges lacks trust and liquidity since they have to force projects to use 100% +$12 K extra from the raised funds for market making.
However we will continue to development Refine Medium in terms of partnerships, developments , listing and market making strategies as per our road map and commitments.Our IEO is live on Tokpie and Vindax.
Of course, we could not have achieved our present milestone without your support. Your support is most valuable for the growth of our project . We heartily appreciate your feedbacks and suggestions.
Listing on all Exchanges 25th November!!
A big thanks to all of you from the Refine Team.!!!!
Stay Tuned to your Social Media Channels for all updates!!
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Medium: https://medium.com/refineupdate
