Topic: 20M DigitalNote (XDN) Auction, V2.0 - page 3. (Read 4310 times)

Yeah OK, not your fake accounts manipulating the price again. Xian, wasn't there some sort of compliance set up to prevent this from happening again?

I love the pseudo :-)

I'm offering 72 satoshi per XDN

No one else ?

I bid 70 satoshi per XDN. Additionally, I'd like to let y'all know that I will not sell a single XDN out of these and will instead lock them in a blockchain deposit. And if anyone manages to overbid me at this auction or any other, I advise you to make the same with your DigitalNote stakes FTGG.

All right, people, the auction has started, you are free to place your bids in this thread!

Edit:

The people who have registered so far:

https://bitcointalksearch.org/user/hodlbananas-360186

https://bitcointalksearch.org/user/ducktoshi-524202

https://bitcointalksearch.org/user/duckauctionwinner-524200

https://bitcointalksearch.org/user/kkraus69-301499 (applied but haven't made a deposit at the moment)

Woops my bad, looks like I read the post incorrectly.  Thanks for the info.

I wanted to add to my previous statement: after having a discussion with our team we have actually decided to move a bit towards the direction that you have suggested. We have a second lot of 30 million XDN that we plan to put up for an auction after this one ends. But instead of auctioning the whole 30M we will divide it up into three smaller parts: 12M, 10M and 8M respectively and put them up separately. We feel that this is the best way to compromise between what we're trying to achieve and the philosophical points that you've outlined in your post.


Hello! If you check one of my posts above, you'll see that we are against dividing our lots into really small pieces, due to reasons that I have previously explained. So, unfortunately, we won't be able to sell just 1M XDN.

What I would suggest to you is:
1. Buying the 8M lot, which will be the smallest and the last one to be auctioned off. To register for an auction you would have to follow the instructions I have outlined in the OP: deposit 1 BTC to the Foundation's official wallet and PM me with a link to the transaction and a statement of your willingness to take part in the auction.
2. Just buy a 1M stake on any of the available exchanges: that way you will profit anyway, because right now XDN is heavily undervalued and will be growing in the nearest future.

Hi all.  I'd like to make a bid for 1M of the 20M XDN available.  Let me know if the process for "registering" is exactly the same or what I need to do to place a bid.  Good on you guys for redoing the original auction to make it fair.  I'd like to say I'm heavily involved/supportive of XDN but I actually wasn't aware of the past auction.  I spoke with Brian Gerald recently (a member of XDN Foundation) and I am very excited to get more involved and to help any way that I can.  These ducks be growin' quick, cheers!

Hello everyone!

I'd like to make an announcement: we're extending the registration term for 24 hours; the auction will start at 9AM UTC Friday, June 26th. This is due to several people expressing their desire to take part in the auction but needing time to raise liquid funds.

The auction itself is also prolonged until June 29th, 3 PM EDT.

Thank you for your attention.

Hello dNote!

Your argument is certainly sound - if the purpose was just to sell the XDN we have collected it would be much more logical to sell them in small stakes to allow more people to join the deal and avoid centralizing the holdings.

However, exchanging the DigitalNote into more liquid currency isn't the only goal we are pursuing here. We are looking for investors, people who are interested in the future of XDN and are willing to contribute to its development by putting their money in the hands of the Foundation. By selling the raised funds in large chunks we prevent simple profiteering and keep speculators outside of the deal, only letting large, engaged and involved investors to take part.

Such investors, as we expect, will not only be interested in not selling the XDN on the market outright and thus crashing the rate, but also will be committed enough to buy the stake at above-market price and therefore actually invest in the Foundation and its activities.

Then again, I'm not saying that we should dismiss small holders and trading for profit as something to be overlooked, we are just pursuing other kind of people at the moment. And we have already got a couple of them it seems - I'm currently communicating privately with several potential participants who have expressed their desire to join the auction. I will announce them a bit later, when they've made their deposits.

I suggest to divide it just a abit, ok, not 20 1 million lots, but 10 2 million lots or 5 4 million lots. But 20mln is a very big amount.

Remember the idea of DigitalNote is a Libertarian economy, where everyone have an access to a XDN coin units.
The 6th perfect number - 8 589 869 056 is equal to the expected number of people living on Earth at the time of DigitalNote. Remember, 1-CPU-1-VOTE, 1-PERSON-1-DIGITALNOTE.

If we can make just a part of it, we will change things to go better

P.S. Also we should not be scary of small holdings imo, free market will make a decision, if someone wants to sell XDN there is someone who wants to buy, "and yet it moves"

Dear XDNfoundation members and users.

I suggest you NOT to make an auction of 20M XDN units. It is a pretty big amount and:

1) New users may not have lots of BTC to buy 20mln XDN
2) With every action we should provide coin units decentralization  

I suggest you to make an auction with 20 1million XDN lots.

So 20 users, but not 1 user can try and invest in DigitalNote.

Thank you for you action.

If you want to buy just 1m XDN you can easily do it on any exchange where XDN is being traded (hitbtc.com and poloniex.com). What we are doing here - is selling big stake at once, of the counter - here, so XDN price won't skyrocket - and then crash again, because that's what would happen if someone would buy such a big stake at once on some exchange.

im not have more BTC can i buy a part of it ? like only 1m XDN ? im interesting to buy but not  to buy all of 20M XDN

According to Coinmarketcap, the price was fluctuating between about 70 an 90 satoshi per XDN for the past couple of weeks and the trading volume has been at around $40-60K every 24 hours.

How much is the coin trading on the market?

i also agree with it.
The bad thing is nobody can look into the future, we must watch at the moment right now. And right now this coin looks good, the website looks good, the wallet, the activity, and the growing community behind this coin.

Also this team is the first team what send a personal message to me with questions, they do this to make everything beter, they lissin to the community and give all they have into XDN.

I'm very happy to see that there are still some good guys in this crypto world. We need this.

This is a good coin to follow now and the comming years. Keep up the good work guys, love it!

Exactly! Thank you for your support.

Good Luck , I am sure also this time someone will recognise the great opportunity it is to get hold at once of a good lot of XDN .
If one looks at exchanges one would need to go far up to obtain such an amount , so , it is one of the last moments to place orders accordingly .
It's a no-brainer considering how much it will appreciate already this year . XDN just got started , scaling up in services , price , and positioning itself among the best ones .