


DARKNESSENVOY
4.9K posts











DEMAND FOR REFUND: Tea Protocol ($TEA) @teaprotocol @USDai_Official @CoinList To the CoinList Team and Community, I am writing as a retail participant in the Tea Protocol ($TEA) token sale conducted on CoinList in September–October 2025, and I am formally demanding accountability, transparency, and a refund mechanism equivalent to what you have already offered other participants. The Sequence of Broken Commitments When investors like myself purchased $TEA at $0.0005 on your platform, the project had publicly committed to a Q4 2025 TGE. That deadline was missed — no launch, no compensation, no opt-out window. Tea Protocol then shifted the target to February 5, 2026. That date passed as well. As of today, $TEA has not launched on any exchange. The token is untradeable. Our capital remains illiquid — locked in a promise that has now been broken twice. Most recently, Tea Protocol posted a tweet referencing a March 19, 2026 TGE date — and then deleted it, without explanation. This is not a minor communications hiccup. Posting and deleting a TGE date is a signal that the team itself does not know when — or whether — this token will launch. And yet, CoinList has said nothing. No update. No refund window. No accountability. We are now six months past the original promised TGE date, with our funds sitting idle on your platform. The Double Standard That Exposes CoinList's True Priorities This week, CoinList announced that USD.AI ($CHIP) ICO participants are eligible for a full 100% refund through March 20, 2026. Let me be precise about what this reveals: - $CHIP sale had participation issues and low initial uptake — so you offered refunds to incentivize completion - $TEA sale was **oversubscribed** — so participants got no such protection In other words: when CoinList needs something from participants, refunds appear. When participants need something from CoinList, there is silence. This is not investor protection — this is a platform using refund rights as a sales tool, not a principle. If the standard for a refund is "the project faces uncertainty and participants deserve an exit," then $TEA participants have a stronger case than $CHIP participants ever did. ### What CoinList's Business Model Actually Looks Like Let's be honest about what CoinList is: a fee-extraction layer sitting between retail investors and speculative early-stage token projects. - CoinList collects listing fees and platform revenue the moment a sale closes - CoinList disclaims all responsibility for project execution in its Terms of Service - CoinList performs no enforceable due diligence on TGE timelines - When projects delay or fail, CoinList's revenue is unaffected — only retail investors lose In 2025 alone, CoinList ran 21 token sales and collected fees on over $95M in purchases from 70,000+ investors. The platform brands itself as "curated" and "trusted." But curation without accountability is just branding. You are not a partner to retail investors — you are a toll booth that pockets fees and waves projects through regardless of whether they deliver. My Formal Demands I am requesting CoinList to immediately: 1. Open a refund window for $TEA participants, consistent with what was offered to $CHIP participants — a full 100% refund of original ICO contribution for those who choose to exit. 2. Issue a public statement explaining what follow-up, if any, CoinList has conducted with Tea Protocol regarding the repeated TGE delays and the deleted March 19 tweet. 3. Establish a binding TGE deadline policy: if a project listed on CoinList misses its committed TGE date by more than 60 days, participants must be offered a refund. No exceptions. 4. Disclose your revenue from the Tea Protocol sale — including any listing fees, platform commissions, or other compensation received — so the community can assess your incentive alignment.















