The Ethereum Project has had the great fortune of launching its experimental testnet and engaging the crypto-currency community in the last two months. During this time, the team has gained invaluable insight. Nevertheless, they are still in the process of crafting the structure and format of the ether presale. The project does not advise, support, or encourage any attempts to purchase, acquire, or trade ether.
Recently, peercover.com revealed a fundraising plan that partly relies on ether. However, they are in no way affiliated with the Ethereum Project and should not be speaking on its behalf. In the team’s opinion, they are doing a disservice to the community by leading its customers into a situation they don’t understand. Selling ether before it has even been created is considered irresponsible and buyers should be aware of the risks.
The Ethereum Project has requested that peercover.com suspend any further distribution of ether until more details become available about the issue. The team will provide additional information about the potential value of the crypto-fuel, and legal professionals from different nations can help clarify any securities or regulatory issues that may arise when offering ether directly to the public.
