Matthias Woestmann<\/figcaption><\/figure>\nIn his statement, he said that the company plans to create new tokens as replacement for the old ones that resulted in the management crises. He said that as soon as that is done, the investors will be issued the dividends as promised them<\/strong>. Speaking on why it took him two months to make the announcement and clarifications, he said he could not make any pronouncements without first having solutions to the quandary.<\/p>\nHe further said that he only had $50 million of the money raised accusing the founders of lying about the amount generated. The CEO also hinted that his version of the events that led to the stalemate has been reported to Swiss and German regulators. On when the company would commence operations, he said that mass production was yet to start.<\/p>\n
The founders on their part had a different story. Michael Lukow who led the founders said about the crisis \u201cIn the wake of his legal troubles, Mr. Woestmann has reinterpreted the ICO prospectus, its guiding legal document, to exclude tokens sold to pre-sale investors from the greater pool of sale\u00a0tokens.\u201d<\/em> The founders said, making reference to the change in Mr Woestmann\u2019s testimony on the difference in the number of tokens sold.<\/p>\nThe founders whose profiles have been removed from the project website have already set up another through which they are reaching out to investors in the Envion token.<\/strong><\/p>\nThey accused Woestmann of illegally taking over the company and refusing to burn unsold tokens as agreed. While the crisis raged, the investors are increasingly worried that their money may be lost.<\/p>\n","protected":false},"excerpt":{"rendered":"
When the Envion team announced their project in January, there was a consensus among crypto enthusiasts that the company was destined for great things. The team went on to publish a deal that indicated that IBM was interested in partnering with them. This was after the crowdsale had generated more than $100 million from token … <\/p>\n
Read more<\/a><\/p>\n","protected":false},"author":4,"featured_media":6498,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102,84,74,75],"tags":[4719],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/6496"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=6496"}],"version-history":[{"count":0,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/6496\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/6498"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=6496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=6496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=6496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}