Topic: . - page 12. (Read 25447 times)

Now is a good time for IEOs. So Mycro will launch IEO first round on Bitforex tomorrow. If you are interested, visit: https://www.bitforex.com/en/turbo/myo

I am sure this is a good decision.  Hope this will bring us good results.

hey mate,
thank you for your request.
the public sale information will be announced soon.
the thing we updated is the graphic design.

hi there

your IEO posted on https://www.ieobin.com/t/MYO/

But I have a question, about 45m MYO sold during 4 stages, I can not find this info in anywhere?

how about it? 45% of total supply sold, seems it's too high?

A great time to do an ICO as the market recovers from its bad condition. We also realized that doing an IEO is much beneficial as people tend to invest more when sales are on an exchange. I am glad Mycro introduced its vision to world and then chose the right time to do sales. Good luck 

We add Mycro Jobs in Hoticolist
https://hoticolist.com/ico-mycro-myo/

will be announced soon

Interesting to know. This is the bitcointalk forum, this is the only place where the team is looking for support and assets to develop their project, or the team also uses alternative ways to search for support. Is the team focused only on this section?

tank you very much mate!

Thanks again for your reply. I see your project is better thought out than I first believed, out of my misunderstanding your token would the only payment option a Jobber would have to accept. What I still believe might be a problem or at least hard to achieve:

The platform itself needs huge adoption and if I understand this right: that should go way beyond Crypto. So it will be about getting a lot attention and about being attractive for as many people as possible who are not necessarily used to all the Crypto stuff. You say "The friction of using MYO is arguably the same as using ETH for example (granted you have to go through one more trade to cash out MYO)" and that may be true when it's about the technical aspect but not the "money-aspect", simply because ETH has an established market. It's much easier to get ETH for FIAT and the other way around than it will be with your token. If we think about a best-case-scenario, that your platform will grow (in best case fast) and attract a lot that wouldn't necessarily be a problem but the opposite. It would naturally create a market and also exchanges would list your token and that would help to increase the attention-factor, grow the community even more and so on: Synergy

But: Best case scenarios are very rare and if I'm not wrong, the problem here may be that you have to create both "at the same time":

1) You have to develop and grow the platform
2) ...and establish a market for the token

The one could create a conflict with the other, because problems with the platform (natural growing pains and a hard time to get attention) would have impact on the market and decrease the possibility of better listings. And an illiquid market, low volume, decreasing price, can overshadow the fundamentals and have very negative impact on the community as well: They become inactive or even critical instead of being helpful.

Imagine a scenario like this: You get a few millions and you and your team work very hard and you make a lot of progress but real work needs real time. Your Token gets listings like most ERC20's: Idex and a few other smaller exchanges. Big exchanges are not very likely right from the start, unless you have the money and are willing to pay a lot for that. So it's not unlikely that your Investors will need some patience. At some point you'll launch your platform and the "problem" may be: It will be visible if it's adopted and used. I've watched scenarios like that many times and I'm a very patient Investor myself but I also know that most others are not. And what can really be hurtful: While the market of a token is not so much a problem for Infrastructure-projects (like Quant for example) who come up with quality or not and that makes the difference. But it can be a huge problem for those who need to get a lot of attention and adoption. A token that is traded on small exchanges, with low volume, below ICO-price and maybe constantly falling, has effect on how a project is seen and can contradict their marketing. It can overshadow the fundamentals.

That's the reason why I, after some mistakes, usually don't invest in projects anymore that would need not only fundamental quality but huge attention by average people. Even exchange projects, with a focus on Crypto-ppl, have a hard time to make that happen because it needs so much to work together to create a synergy-effect which is really needed.

True is also of course: The market could act in your favor because at some point this bearmarket will have bottomed out etc. But there are quite a few projects in the "token-market-marketing-trap" and it's not an easy task to get out of that.

So, I'll not invest but I'll watch and would like to see this succeed. Good luck!

Yes, I also see that there are no ann of the start date of the ICO. And I don't know why they stretch it. Perhaps they waiting, for more favorable conditions in the market or something else. I hope that in May the team will provide us with information about a certain timeframes, the start of sales.

Thank you for your detailed answer. I'v misread some lines and came to the false conclusion that Jobbers would have to accept MYO as payment and that would have a several pretty bad consequences, because and as I said, it would be necessary to develop the token into a widely accepted currency what's probably even harder than to make such an App work and known.


Of course you are right. But the question is 1) if a global platform is necessary, but especially 2) if it's possible. Different locations means different laws, once it's about jobs it's probably also about tax, once it's about Cryptocurrencies it also differs a lot and so on. Just that side would probably be already very complex. And such a platform would not just be complex because of the financial and regulatory side but also because of the social implications, direct interactions etc.




Question is if this downside aren't limitations as a result of several barriers. With other words: Maybe many of them would like to do it global and wider regarding the kind of job offers and also cheaper, but simply can't. I have no real knowledge about Job-platforms and how they work but my experience with pretty much everything is that there usually are a lot of unknowns. And whenever I see that a project-team communicates very high ambitions right from the start, my main question is if they also have the expertise to know about all kinds of potential difficulties and also a way to solve or circumvent those.




It's of course better than what I believed first, that accepting the token as payment for doing a job would be mandatory. But I'm still unsure about the general necessity of the token and if it doesn't add a lot of friction, also when it's about onboarding Users.

Imagine you wouldn't need something to raise money (I'm not critical about projects trying to get funds), the question is if what you want to do couldn't be done much better and with less friction and complexity with ETH itself, or, even better: If you would connect such a platform not only on one blockchain but on several. For example: If you look into Quant and their Overledger-System it would be possible to develop a so called "Mapp" (Multi-Chain-Application). You would be independent of single blockchains and their tokens and especially not dependent on your own token. It's never easy to establish a new token and to give it value that is not just based on speculation but on an economical system. And a token and it's price can even become a real risk. Let's say MYO would just make it to IDEx or another small exchange, and dry up there while the price goes down, it would have effect on those who actually would like to use your platform because they would draw conclusions out of it. That already may be enough for them to step back.

In my opinion there are a lot of Crypto-projects out there that could actually be good when it's about their idea and maybe also about their skills to develop it technically, but will have no chance because of their economics. A majority of those tokens only exist because teams need them to raise money. And while that is understandable it turns things upside down, because even if they try their best to find ways to give their token value, it's often nearly impossible not to add friction and a lot of complexity at the same time, simply because something is implemented that would not be necessary in the first place. Decentralized Blockchains need their Token because the protocol has to pay for itself. But most of the centralized projects would not need a token and in my opinion it would be better and more honest to potential Investors to sell a STO.

I really like performance of the team to make this project achieve success and can develop in the future because they attend several events, but I still wait for ico to launch Q2 which still has no exact date

Hello!
You will receive your tokens after the Sale.
Please contact @yetkin1 for the group owner campaign.
Yes, that's the right link for the mycro bounty program.

I have looked into this project, because I'm german and this is a german project. I really would like to find a great german project but... let's say I have a few questions.


1. In you Whitepaper you describe a problem to then claim this project would be the solution:

"Non-existence of a worldwide platform
Everyone has a to-do list with dozens of undone tasks that would pre- ferably be outsourced or done by an experienced person. But jobbers are hard to find. There is no global platform that unites demand and supply for home, delivery, and skilled services under one single roof, helping you to turn your to-do’s into done’s with the help of others."

Actually I find that funny. You talk about local jobs, "supply for home, delivery, and skilled services", but you believe it's a problem that there is no worldwide platform for this? How are the chances that I need somebody to wash my car and a guy from China takes a flight? ;-)

It's a common "approach" to describe a non-existent problem to sell something.


2. Competition? What I say above gives you the opportunity to somehow imply your project idea would be very unique, as if you are the first on this market and as if there is no competition. But how do you want to compete against all the websites for jobs how you describe it? I'm from Berlin, and of course I would not need a worldwide site because I don't need somebody from China to wash my car. So I would go to one of this sites:

https://www.gelegenheitsjobs.de/nebenjob/nebenjobs-berlin.php
https://www.jobruf.de/wochenendjob-berlin.html
https://www.ebay-kleinanzeigen.de/s-jobs/berlin/gelegenheitsjob/k0c102l3331
https://www.ebay-kleinanzeigen.de/s-heimarbeit-mini-nebenjobs/berlin/c107l3331
https://www.studentjob.de/nebenjob/berlin

Or you prefer Apps?

https://www.apple.com/de/search/nebenjobs?src=serp

It would be easy but a time consuming task to link much much more, probably thousands of App's for every country, city, even villages. And again: Since the tasks your project obviously is about, like Dog-sitting, it doesn't need a worldwide platform, or am I wrong?


3. This is the most troubling aspect: Why does it need a token? Won't it send everything else into a death spiral because it adds friction?

Let me explain what I mean using the video on your website. Here is a direct link:

https://youtu.be/4xHeknZhDlA

You tell a nice little story: A guy is under time pressure because his dog needs to go out. So he opens the App, it works frictionless to offer this Job and some minutes later a girl recognizes it (it works like magic!), she comes and takes the dog out and the payment is super easy over the App, using your ERC20...

You really believe that is even close to reality?

Let me tell you what is closer: You want to establish a worldwide platform and while that is not really needed (again, who needs a guy from China to do something in Berlin?) it would also not be an easy task if.... But even if: How many of those who would want to take your dog out would prefer BTC over cash for a $10 job? 3 of 100 maybe? At least it would not be too hard to sell BTC for cash, right? I mean, there is a market for that. It's volatile but possible to get the money out. But you want them to take your own Currency?

Thing is: You not only want to establish a global service site/App, but to have a chance for success, you have to establish your Token as accepted currency - you claim you would be able to establish something superior to BTC, something on one level with Paypal or Apple Pay - everything else would not work!

Reality is: Your dog-sitter would have to be somebody who knows what to do with it. She would send it over to IDEX to sell it for ETH and then to sell the ETH for the 10 Dollars she got for getting your dog out of the house. You believe that's how it will work? Or do you have a partnership with Paypal or Apple-Pay?

Reality is: The token has not just no real usecase, let alone advantage.

Reality is: This token only exists because you want to raise Millions! For what? To solve a non existent problem with a tiny App? And then to undermine all theoretical chances to make it successful because (and more by the way) you have to establish a worldwide used Cryptocurrency, actually a financial system? Not even Bitcoin would work for such a system.


Summary:

You want to solve a non-existend problem with an App. And while it's just about an App, you want to raise up to 14,000,000 €. To get money you need to sell a token - which contradicts everything, because it would only work how you advertise this if your token would become an accepted payment, at least like Paypal or Apple Pay.


Prediction:

You'll try your best to sell your ICO and some will invest. Maybe you'll get a million or even more. Then it will maybe(!) be listed on IDEX and there it will dry up totally.



To those who are new to Crypto:

Please check the markets on the left side: https://idex.market
Then scroll down, recognize how many tokens there are
Important: You don't need to scroll down much to already see all of those with a volume of 3 ETH per day (about $500) and even less. And then there are all of those who have ZERO volume.

Now imagine the girl who wants to take out this cute dog and imagine what she has to do after completing the job: She gets her $10 or 10 EUR in Mycro Token, she then sends it to IDEX and tries to sell it in a market with zero liquidity but even if there would be a bit of volume, the spread and volatility would be high.  And then she will have what? Yes, ETH! She then will have to send those ETH to another exchange to get Fiat.


"(...) Time is limited and we cannot stretch five minutes into an hour when we don’t have time to mow the lawn, walk the dog and grocery shop. (...)"


She will need more time to do that than she needed to take care of the dog!



To those who want to invest: Who believes that these guys, who want to solve a non existent problem with an App, are able to establish a financial system that is on one level with Paypal or Apple Pay or just Bitcoin or ETH or XRP to make the rest work?


To the team: What am I missing here?
 


Edit: I just saw that you also say FIAT and Credit Card will be accepted. But the question stays the same: Why the token? Especially if it would be possible not to use it to pay for jobs?

Let's see how these guys will manage to organize it locally, before expanding. The idea, of course, is good, and can be very useful.

I just read a few pages on the whitepaper, I think Mycro Platform is great for help the human economy, especially in my country, really, there's a lot of unemployment in here. I hope Mycro Team will visit my country and present the concept of Mycrojobs, I mean not only in German, but also in Asia.

Honestly, I'm so happy to share this project into my friends.