[ANN] 🔥 CryptOcean - ecosystem, processing, exchange 🔥 - page 92.

Erik Fox

copper member

Activity: 280

Merit: 0

Quote from: faulerwilli on May 28, 2018, 07:07:15 AM

Quote from: Erik Fox on May 28, 2018, 04:17:03 AM

Quote from: faulerwilli on May 28, 2018, 01:26:48 AM

Hi Erik, it is really great that you are so active here and answer many questions.

I'm just reading on the homepage that you guarantee that the value of the CRON tokens will increase. Can you explain how this works?

Hello.

To ensure the interests of project investors are addressed and to expedite the growth of the price of the CRON token, the following measures are proposed:
The commission fees are charged in CRON tokens, which will ensure a constant growth of the tokens demand;
The tokens can be used to finance margin trading in the exchange;
50% of tokens collected for internal services will be destroyed on a monthly basis*;
30% of the collected commissions will be sent to support and develop the project;
20% of commissions will be sent to maintain the exchange liquidity of the token.

* - the tokens will be burned by transferring coins to the address of a special smart contract
guaranteeing the impossibility of their recovery. This will allow to generate a deflation model
of the token economics, a permanent decrease in the number of tokens with an increase in the
volume of services provided will ensure a proportionate increase in their price.

Thanks for the detailed description. An interesting approach is that you burn 50% of the collected tokens.
Everything sounds very logical and is a good incentive to buy tokens

You are welcome. And thank you for your opinion! We have everything under control. Our team tries to become better every day.

cryptossi

full member

Activity: 504

Merit: 106

★Bitvest.io★ Play Plinko or Invest!

Quote from: FarmFrenzy on May 28, 2018, 07:39:07 AM

Quote from: Anycrypt on May 28, 2018, 07:18:17 AM

The most important advantage of the platform, I believe,is that for the transfer of any Fiat or cryptocurrency,you can choose the user of the service from the notebook by his phone number,nickname or provided ID and make a transfer immediately, without entering additional details and wallet addresses.

Yes, storing and operating with whose long and unreadable addresses is sometimes painful. A comfy contactbook instead of bunch of crypto wallet addresses would be the light in the sky for many active crypto payments users.

Yes and entering account numbers/sort codes or wallet addresses and other payment details isn't the most secure way of sending funds, it's so easy to get a number wrong if you're rushing, so having someones payment details stored on their own profile makes the whole process a lot easier.

FarmFrenzy

jr. member

Activity: 224

Merit: 5

Quote from: Anycrypt on May 28, 2018, 07:18:17 AM

The most important advantage of the platform, I believe,is that for the transfer of any Fiat or cryptocurrency,you can choose the user of the service from the notebook by his phone number,nickname or provided ID and make a transfer immediately, without entering additional details and wallet addresses.

Yes, storing and operating with whose long and unreadable addresses is sometimes painful. A comfy contactbook instead of bunch of crypto wallet addresses would be the light in the sky for many active crypto payments users.

Anycrypt

full member

Activity: 378

Merit: 100

The most important advantage of the platform, I believe,is that for the transfer of any Fiat or cryptocurrency,you can choose the user of the service from the notebook by his phone number,nickname or provided ID and make a transfer immediately, without entering additional details and wallet addresses.

faulerwilli

full member

Activity: 994

Merit: 140

Quote from: Erik Fox on May 28, 2018, 04:17:03 AM

Quote from: faulerwilli on May 28, 2018, 01:26:48 AM

Hi Erik, it is really great that you are so active here and answer many questions.

I'm just reading on the homepage that you guarantee that the value of the CRON tokens will increase. Can you explain how this works?

Hello.

To ensure the interests of project investors are addressed and to expedite the growth of the price of the CRON token, the following measures are proposed:
The commission fees are charged in CRON tokens, which will ensure a constant growth of the tokens demand;
The tokens can be used to finance margin trading in the exchange;
50% of tokens collected for internal services will be destroyed on a monthly basis*;
30% of the collected commissions will be sent to support and develop the project;
20% of commissions will be sent to maintain the exchange liquidity of the token.

* - the tokens will be burned by transferring coins to the address of a special smart contract
guaranteeing the impossibility of their recovery. This will allow to generate a deflation model
of the token economics, a permanent decrease in the number of tokens with an increase in the
volume of services provided will ensure a proportionate increase in their price.

Thanks for the detailed description. An interesting approach is that you burn 50% of the collected tokens.
Everything sounds very logical and is a good incentive to buy tokens

ibininja

member

Activity: 490

Merit: 10

Quote from: Erik Fox on May 28, 2018, 05:13:36 AM

Quote from: ILUzbek on May 27, 2018, 05:20:17 PM

your soft cap is very high. $ 5 million, right? Tell me, what happens if you do not reach it? does the team have a plan for this?

The team takes all the necessary steps to ensure that the project takes place, we have worked on legal aspects, agreed with a number of partners, the project is constantly working. Of course, we have worked out several options for the development of events. In addition, the minimum required amount is 3 million and 1 million we have already collected.

I think the cap (soft) is not really that high. I think it is more important than the hard cap. They have a beta version of the system running; I think with more updates they will be able to reach wider audience and be able to close the cap. It is not going to be an easy journey though.

Ace44

member

Activity: 672

Merit: 11

Quote from: Erik Fox on May 28, 2018, 02:50:12 AM

Quote from: koralan on May 28, 2018, 01:54:37 AM

Expected to offer an electronic currency with many uses. I see the project providing electronic wallet services and plastic wallet . So you have to plan to build facilities ATM plants or have partners?

Thank you for your question.
Our partners are payment systems and finteh projects, for example, in white paper you can see some of them, with some we finish paper formalities and add information within 5-10 days.

That's great, is a good thing to see that the project is engineered towards having partners in the payment system niche to help handle the payment option process, the team should not relent in the aspect of making this achievable, as projects like this is what the community needs in the blockchain industry, the team also mentioned a strong statement about security implementation that will be passed through a multi-level audit

Erik Fox

copper member

Activity: 280

Merit: 0

Quote from: ctrades31 on May 28, 2018, 02:03:11 AM

Quote from: Erik Fox on May 27, 2018, 11:52:10 PM

Quote from: ethtrader16 on May 27, 2018, 10:27:16 PM

Quote from: Darkoth89 on May 27, 2018, 05:32:20 PM

Quote from: ILUzbek on May 27, 2018, 05:20:17 PM

your soft cap is very high. $ 5 million, right? Tell me, what happens if you do not reach it? does the team have a plan for this?

I thought it was $25m for the softcap?

Darkoth89, I seen that light cap is 3000,000$ and softcap showing 5,000,000$. But what is the light cap and why they need it? About light cap I did not seen before this project.

Hi, ethtrader. Now it is quite a difficult time for ICO projects, cryptocurrencies and bitcoin are again at low rates, there are many projects in the market without a working idea and legal study but with a huge budget for marketing, so we have secured ourselves and divided our plans not into 2 stages - soft cap and hard cap, but into 3 stages: Light, Soft and Hard. In all three versions, the project will be able to develop, but with different speed and power.

So that you mean to by using Light Cap concept it will take more easy raise funds? Another question is what will happen if they will reach Light Cap but not Soft Cap?

lightcap *the minimum amount below which the collection is considered invalid, and the collected amount is returned to investors. At the same time reserves and the liquidity is sustained to maintain the balance in exchanges, bank accounts payment systems not in full, but sufficient for the startup, volume. If the number is higher, the collection is considered valid and the funds collected are used for the project implementation.
softcap ** the required amount, all collected funds are used for project implementation, while reserves and liquidity for maintaining balances in exchanges, bank accounts, and payment system accounts are formed in full.

Erik Fox

copper member

Activity: 280

Merit: 0

Quote from: ILUzbek on May 27, 2018, 05:20:17 PM

your soft cap is very high. $ 5 million, right? Tell me, what happens if you do not reach it? does the team have a plan for this?

The team takes all the necessary steps to ensure that the project takes place, we have worked on legal aspects, agreed with a number of partners, the project is constantly working. Of course, we have worked out several options for the development of events. In addition, the minimum required amount is 3 million and 1 million we have already collected.

Nathan01

member

Activity: 728

Merit: 11

DocTailor IEO on Zloadr

Quote from: Darkoth89 on May 27, 2018, 05:32:20 PM

Quote from: ILUzbek on May 27, 2018, 05:20:17 PM

your soft cap is very high. $ 5 million, right? Tell me, what happens if you do not reach it? does the team have a plan for this?

I thought it was $25m for the softcap?

$25m softcap?? Wow! That's pretty huge, I think they have an ambitious target and very high goals, $25m maybe indeed what they need for thorough execution, I hope they achieve it

Erik Fox

copper member

Activity: 280

Merit: 0

Quote from: faulerwilli on May 28, 2018, 01:26:48 AM

Hi Erik, it is really great that you are so active here and answer many questions.

I'm just reading on the homepage that you guarantee that the value of the CRON tokens will increase. Can you explain how this works?

Hello.

To ensure the interests of project investors are addressed and to expedite the growth of the price of the CRON token, the following measures are proposed:
The commission fees are charged in CRON tokens, which will ensure a constant growth of the tokens demand;
The tokens can be used to finance margin trading in the exchange;
50% of tokens collected for internal services will be destroyed on a monthly basis*;
30% of the collected commissions will be sent to support and develop the project;
20% of commissions will be sent to maintain the exchange liquidity of the token.

* - the tokens will be burned by transferring coins to the address of a special smart contract
guaranteeing the impossibility of their recovery. This will allow to generate a deflation model
of the token economics, a permanent decrease in the number of tokens with an increase in the
volume of services provided will ensure a proportionate increase in their price.

Erik Fox

copper member

Activity: 280

Merit: 0

Quote from: Owillz on May 27, 2018, 04:39:37 PM

Quote from: Darkoth89 on May 27, 2018, 04:04:34 PM

Quote from: faulerwilli on May 27, 2018, 03:52:11 PM

Quote from: Erik Fox on May 27, 2018, 03:49:46 PM

Quote from: markbo1210 on May 27, 2018, 03:32:49 PM

When the sales of tokens will start on exchanges??

Hello, markbo1210. Sales of tokens will start on December, 10.2018 .
When the ecosystem is fully-functioning that will protect from the rates fluctuations of CRON token.

This is really a very long time. but I see you have really thought of something. I think these decisions with the long ICO and the late listing are just right

Oh wow that is a long time, hopefully you have a marketing campaign etc lined up to peak peoples interest again

Why that much time?? Is there no possibility of completing the ecosystem before then?? That's almost like you saying sales of the token will start next year. It's a long tune to wait though

Where did you get this information from? The entry of Cron token on exchanges is planned in October/December.

Erik Fox

copper member

Activity: 280

Merit: 0

Quote from: iphy6013 on May 28, 2018, 03:16:05 AM

Quote from: Owillz on May 28, 2018, 02:58:18 AM

Quote from: markbo1210 on May 27, 2018, 04:53:06 PM

Answer me, pls. What happens if the tokens of Bounty campaign are not fully distributed? Will they be destroyed???

By default, all unused tokens aught to be destroyed so yes they will. Unless the team have a better plan in mind though.

Yeah that's what usually happens, they can decide to allocate it as bonus to investors also but destroying them is much preferable might help increase the price.

If not all tokens will be distributed (due to the insufficient number of participants) these tokens will be given at the next stages of the ICO.

iphy6013

newbie

Activity: 182

Merit: 0

Quote from: Owillz on May 28, 2018, 02:58:18 AM

Quote from: markbo1210 on May 27, 2018, 04:53:06 PM

Answer me, pls. What happens if the tokens of Bounty campaign are not fully distributed? Will they be destroyed???

By default, all unused tokens aught to be destroyed so yes they will. Unless the team have a better plan in mind though.

Yeah that's what usually happens, they can decide to allocate it as bonus to investors also but destroying them is much preferable might help increase the price.

Owillz

member

Activity: 532

Merit: 10

Quote from: markbo1210 on May 27, 2018, 04:53:06 PM

Answer me, pls. What happens if the tokens of Bounty campaign are not fully distributed? Will they be destroyed???

By default, all unused tokens aught to be destroyed so yes they will. Unless the team have a better plan in mind though.

Erik Fox

copper member

Activity: 280

Merit: 0

Quote from: koralan on May 28, 2018, 01:54:37 AM

Expected to offer an electronic currency with many uses. I see the project providing electronic wallet services and plastic wallet . So you have to plan to build facilities ATM plants or have partners?

Thank you for your question.
Our partners are payment systems and finteh projects, for example, in white paper you can see some of them, with some we finish paper formalities and add information within 5-10 days.

gee777

member

Activity: 728

Merit: 10

Quote from: Anilbg on May 28, 2018, 02:14:54 AM

Quote from: Nathan01 on May 27, 2018, 09:17:35 AM

Quote from: Ace44 on May 26, 2018, 09:01:08 AM

Quote from: Anilbg on May 26, 2018, 08:26:10 AM

Quote from: Ace44 on May 26, 2018, 07:49:07 AM

Quote from: jamzzz123 on May 26, 2018, 07:29:15 AM

Quote from: ibininja on May 26, 2018, 06:40:46 AM

Quote from: Nathan01 on May 26, 2018, 06:38:00 AM

Quote from: iphy6013 on May 25, 2018, 04:51:59 PM

Quote from: acolmenaresc on May 25, 2018, 04:28:04 PM

It is definitely interesting the way you want to integrate plastic crypto cards. It is not something that you usually see in these type of markets

Yeah, it's the first time i'm coming across it, if they successfully implement this it will surely make things easy for people especially those that aren't really conversant with Crypto trading, with the plastic crypto cards which is linked to your local bank account one can deposit and withdraw cash from your financial and crypto accounts in regular ATMs.

Yeah I think i have seen one carried out by a problem but unfortunately it was only used by the project president on demo, it never saw the light of the day, is cryptoOcean looking at doing a video of the plastic card when it is manufactured?

I think that is where they will have the advantage. If they focus on the cars and ATM it would really be something as of now there is a huge lack in such means where you can simply withdraw and deposit from an ATM. there is a huge gap between crypto and fiat.

This is the killer, making a nice connection between crypto and fiat from a cashpoint - that will be awesome I think it will come given amount of time once the market has stabilized a bit. When that will happen? I don't know.

I'm glad someone is seeing the bigger picture of what i've been talking about, when you talk about project that is offering something unique and beneficial, this is one of them, we've all wanted the people to embrace blockchain, well, this is one of such avenues that will propel that vision, all they have to do is stay focus and deliver what they promised

If I understood correctly, CryptoOcean is planning plastic card for crypto similar to what we have for Fiat currencies? This means CryptoOcean will act as gateway (like Visa) or only as a bank?

I believe so, the card can be used for all purpose, like a universal card for buying and selling, as stated on their whitepaper, so it will be like a gateway to purchase any cryptocurrency and get your conventional or fiat currency which can be transferred to your local bank account, the blockchain industry is trying to break that norm that they are just a virtual process but with upcoming projects like this, they are becoming more of a physical thing, which is lovely

This is actually a daring concept and tasking as well, what this does is that it will place blockchain in the map for good in the world as having real life applications and physical resources as well

How many tokens will this plastic card will support? Only CryptoOcean tokens or any tokens will do? How the conversion from one coin to other coin will be handled? I mean if I have CryptoOcean in my card and if vendor accepts only ETH then do I need to pay conversation charge?

I think it will have support for many currencies mainly erc20 tokens and you will pay conversion charges also.

Ace44

member

Activity: 672

Merit: 11

Quote from: faulerwilli on May 27, 2018, 03:52:11 PM

Quote from: Erik Fox on May 27, 2018, 03:49:46 PM

Quote from: markbo1210 on May 27, 2018, 03:32:49 PM

When the sales of tokens will start on exchanges??

Hello, markbo1210. Sales of tokens will start on December, 10.2018 .
When the ecosystem is fully-functioning that will protect from the rates fluctuations of CRON token.

This is really a very long time. but I see you have really thought of something. I think these decisions with the long ICO and the late listing are just right

But is not that long, December is around the corner, is just a couple of months, i'm only concerned more about the implementation of the whole process, if they judiciously implement the whole concept, then months will seem like days, as investors will be so comfortable with them to even notice the time-frame of the project

Anilbg

jr. member

Activity: 406

Merit: 2