The Tokiagate conspiracy is quite involved, there are links between Miner One and Tokia that will be clarified in the future but Miner One encouraged investors to use the Tokia service when Tokia was already behind on it’s roadmap and had not delivered on anything except an interface to HitBTC exchange. The question of why will be covered in a future article.
The term B-Wallet means the Tokia Wallet.
The newsletter from the 31st of August 2018 promoted Tokia heavily and had the following text.
“The Miner One B-Wallet and payment card will be implemented in cooperation with Tokia. A fully-functioning B-Wallet with all the features described in the White Paper will be available by Q4 of this year. A basic browser-based MIO wallet will start working this September. A payment card connected to the B-Wallet will be available in Q1 of 2019.”
“The Tokia platform launches September 5. To celebrate the Tokia+Miner One partnership, Tokia is offering the Miner One Community an exclusive possibility to get early access to the Tokia exchange platform and to receive a bonus! If you join now, you will get early access to the platform and up to a 50% commission fee cashback for each trade until January 3rd.”
Promises were made including being able to receive payouts without having to send through a 0 value ETH payment to the contract address.
On the 26th of October 2018 Miner One sent out an email with more promises about their Tokia “partner”.
“Miner One is pleased to announce we have begun implementation of the Miner One B-Wallet in cooperation with Tokia.
MIO can now be held in a Tokia wallet with free and automatic access to Miner One payouts (no need to send any requests). In addition to the wallet, Tokia also offers a cryptocurrency exchange.
A fully-functioning Miner One B-Wallet with all the features described in the White Paper will be available by the end of this year. A payment card connected to the B-Wallet will be available in Q1 of 2019, in cooperation with Tokia.”
It is important to note here that Tokia on the 25th of October 2018 essentially walked away from their product by dropping support in their Telegram group. This was a day before the above email was sent.
Another newsletter on the 30th of October 2018 encouraged investors to send their MIO to the Tokia wallet so they can receive free and automatic access to payments.
Complaints soon surfaced on the Miner One Telegram group that MIO withdrawals were not possible from Tokia and that withdrawing ETH from payouts was expensive with one example of 1.68 euros to send 50 cents worth of ETH.
Both Tokia and Miner One acknowledged that there were bugs in the code and they were working on this. Tokia announced that they enabled withdrawals around 3 weeks later on the 22nd of October 2018.