The Bitcoiin2Gen project announced that its founders and brand ambassador, Steven Seagal, left the organization after the ICO campaign was completed.
The official website of the project says that during the ICO $ 75 million was collected. This amount was the called Soft Cap, and at the moment visitors to the site are greeted with a message that there is still some "limited" number of tokens available for sale.
In a press release, the Bitcoiin2Gen team thanks all investors, anonymous founders and personally Steven Seagal.
It is stated that this step was taken within the framework of the plan, which assumes complete anonymity of this crypto currency created on the Ethereum blockchain.
As Bitcoiin goes through the conversion phase from token to mineable coin we wish to advise that Bitcoiin will join the likes of the original Bitcoin and become a truly open source. Therefore a big thank you to the Founders and to our Brand Ambassador whom we wish all the best in their future endeavors. However, from this point on Bitcoiin will function within its ecosystem and become a genuinely anonymous cryptocurrency with no individual or individuals having control over the entity!
Earlier the project was severely criticized and compared to pyramid schemes, however, as stated in the press release, the commission structure operated only for the duration of the ICO and served as a way to reward users who promoted it. Representatives of Bitcoiin2Gen also reproached the media for pursuing sensations and comparing the project with financial pyramids.
It is also claimed that upon the completion of the ICO and with the start of the mining, the project founders will designate one or more community representatives who will become legal owners of the bitcoiin. com website.
Earlier this month, Bitcoiin's activities were ordered to stop the by New Jersey Securities Office. In a short time, the same decision was taken by the state of Tennessee.