Topic: [ANN] ⚫️ BLOCKPOOL - Real World B2B Blockchain Solutions ⚫️ - page 54. (Read 72529 times)

interesting project

I am in guys ;-)

Hello,

The 100,000 is so we can get the full mainnet functioning with all current ARK features and to start work on the Smart Contract system.  The team has been working for free for the past year and half.  So we will be taking a small cut while leaving more than enough to ensure developers are happy.  We are updating the Use of Proceeds document to show this.

Regards,
locohammerhead

Bounty for german translation? pm me!

You have mentioned min amount as $100K but in the PDF document you have provided link, the lowest amount mentioned is 500BTC ($500-600K). Please can you explained how can you go ahead with the project if the funding is less than 500BTC?

In the first page the list of directors/developers is around 8-9, are you guys planning to work free for a year till product is developed?

To provide access to as many possible investors as we can.  The majority of coins will be processed through shapeshift and converted to BTC.

Okay sure. My next question is, why are you willing to accept about 60 crypto coins?

Hello,

You can see all that information on the use of proceeds page.  It goes over the funding tiers and what will be provided if we hit those goals.  We are not placing a hard limit on BPL because we want the market to decide what it feels is a fair price for the token.  With this method we can provide the best possible value for our investors.  Total BTC investor supplied/ total bitcoin raised = % of coins supply to be allocated after TEC ends.  So if we raise 500 BTC and an investor put in .25 BTC they would receive 0.05% of the 20,000,000 to be dolled out.  In this example the investor would receive 10,000 BPL.

Regards,
locohammerhead

Oh, I hate that.. It brings into question whether the company knows how much money is needed to complete the project.. I would suggest a Cap, a hard limit..

We plan on being listed on the normal sites  Bittrex, Cryptopia, Bleutrade, yobit, c-cex etc but we also want to try for the larger exchanges like Kracken and Poloniex when we have our platform and smart contracts built.

There is no cap on possible funds raised.  We are using a price discovery system in which the market decides what it wants when it comes to our TEC.

Thanks Loco for detailed explanation.

Byt he way which exchanges are you planning on listed Blockpool? Do you have any agreements with main exchanges?

NewsBTC just covered Blockpool: http://www.newsbtc.com/2017/04/16/blockpool-announces-token-exchange-campaign-b2b-blockchain-project/

Is there a Cap on this?

Hi,

If ADC reach a price ≥ 100 sat the value for the TEC will be adapted to the market.

Regards

Great questions and great answers
I advise everyone to join the blockpool slack. There you can contribute to the live discussions and follow the development more closely

What if with some wonder ADC reaches 1000sat in next weeks.
Will you make a maximum buy value per one ADC or will you in any case always add 5% more to the current ADC coinmarketcap value?

thx

Hi mandar,

Good questions.  

Our minimum amount is 100,000.  We do plan on refunding investors of the TEC if we don't reach the minimum goal.  The ARK Team is escrow so if we don't reach the minimum 100,000 the funds will be given back to the investors.  If we reach 350,000+ we have stretch goals set in place.  You can find our advanced funding tiers here: https://blockpool.io/docs/BP_PROCEEDS_A.pdf

Question 2
Part 1
The ARK team has done a great job of stripping out the LISK smart contract code and providing a clean platform to work from.  We have two options really.  Try to implement the new LISK 1.0.0 smart contracts, which I understand could potentially be a hassle due to how they are built.  Or two build them ourselves.  I'm personally not one to reinvent the wheel if something works but I also have no problems doing so if if it doesn't.  Our plan is to try to implement the new LISK 1.0.0 Smart Contracts and test them out on our system.  If we are not happy with how they function or if implementing them does turn out to be a major hassle we will create our own side chain system.

Part 2
Over the past year and half we have been working on developing partnerships and contracts with businesses and groups.  Kevin Bacon, our Chief Business Development Officer (https://en.wikipedia.org/wiki/Kevin_Bacon_(producer)) has great ties to businesses within different sectors.  One company we are working with is called BuzzBike.  They are a London based company offering Mini Cooper inspired bikes for free.  In return those bikes have advertisements on them.  
BuzzBike has asked us to come up with a proof of concept that would allow their biking participants to also receive payment for going above and beyond.  The proof of concept is coming along nicely.  Some details on it can be seen here: https://medium.com/blockpool/blockpool-brands-poc-8f699c627607  At first it will be using the AudioCoin blockchain.  It will then be switching to a Blockpool sidechain when Smart Contracts are functioning.  The owner of Buzz Bike, Tom Hares is an avid tech enthusiast and the European Managing Director of Media Arts Lab working exclusively on Apple product campaigns for many years and is one of the BlockPool team advisors.

Question 3

Please, don't fret about asking this question.  It's an important one to know.  AudioCoin has been around since 2014.  Through that time we have seen the community grow.  We wanted to provide long time supporters and new comers to audiocoin a chance to get in on the TEC with their existing coins or at a better rate then they might be able to get with Bitcoin.  

In order to help people feel confident we have enlisted ARK to provide escrow.  At the 15% funded mark $100,000 will be released by the ARK Team so we can expedite testnet development.  Only when we produce a stable mainnet (Smart Contract functionality will come after) does the full amount get released.  

If your interested you can read up more on the Blockpool team here: https://blockpool.io/team.html
Our business plan, which goes into far more detail for question 2 and 3 can be seen here: https://blockpool.io/docs/BLOCK_BP_A.pdf
Our Whitepaper which explains the BlockPool Blockchain and Data Agnostic Platform: https://blockpool.io/docs/BLOCK_WP_A.pdf
More detail about the use of proceeds: https://blockpool.io/docs/BP_PROCEEDS_A.pdf

Regards,
locohammerhead

3. You have a large different for the Audiocoin price and the price you are paying/considering in this ICO.. how can you assure me that this is not just a ploy to get the Audiocoin price increase to unload the coins that you may have and scalping the ICO in the end. Sorry for asking this questions, you guys could be genuine but there has been so many scams in Alts

Blockpool team, few questions as i can't find these details on the first post..

1. What is your minimum limit for total investment. If you are not able to collect the min amount, is ICO gets scrapped? All investors will be refunded? Does the amount include the investment through audio coin also?

2. From some of the comments, it looks like you are going to use LISK code for contracts. So what is it that makes your team be successful where LISK have failed. whats the marketing strategy to get this coin accepted in B2B business area.

3. You have a large different for the Audiocoin price and the price you are paying/considering in this ICO.. how can you assure me that this is not just a ploy to get the Audiocoin price increase to unload the coins that you may have and scalping the ICO in the end. Sorry for asking this questions, you guys could be genuine but there has been so many scams in Alts

Is there any early investor bonuses? Tried to find that info in the OP.