CYPT COIN released posts containing information regarding the token being accepted and listed on some Token exchange platforms. Since those posts, we are unable to confirm the CYPT COIN listing. We have send over 1.1 Million coins to a certain exchange and paid Ethereum for a sales contract to make CYPT COIN available on these platforms and we have not had any results since that event. We do not want to speculate if we were victim to a scam or not at this point because we are awaiting a period of time to go by that would allow this exchange platform operator sufficient time to reach out to us prior to us making our next move. The original post can be seen here.
We do apologize for this and will update the status of the situation here. We do not see this incident affecting any current or future token holders directly as CYPT COIN would have to shell out the $253k of lost coin and incur the cost of the error. We will coordinate with our management team on this issue again very soon.
An exchange where CYPT COIN (cryptoloot token) is available and active is www.erc20exchange.cf. A peer to peer offline exchange where users can submit any ERC20 Token to add it directly to the exchange, users can go on and select the coin they wish and purchase it directly via the site in real time. Users have had success loading ERC20 tokens they have possession of and selling them using this platform. Read about ERC20 Exchange on CryptoHearsay.