[ANN] [CVC] CIVIC Tokensale Successfully Completed - page 103.

Marina_T

full member

Activity: 195

Merit: 100

Quote from: CrossOps on June 16, 2017, 05:28:18 AM

So, in order to participate we need to install / register with the Civic App correct? If that is the case, its only showing the IOS version currently...

https://www.civic.com/app

I do not own anything apple / iOS. Is there going to be an android variant in time for the rest of us?

Does anyone else have any information about the app for android?

It is planned to be released by Monday. Thank you for staying patient.

CrossOps

newbie

Activity: 10

Merit: 0

Are we blocked from participating if we are in the USA? That's seriously messed up if its true.

sarsbuk

newbie

Activity: 11

Merit: 0

HI Marina_T

Any news on when the Android version of the app will be released?

I also question, that when registering with Civic you need to supply a USA Telephone Number and this cannot be changed to UK for example. So it seems only US customers will be eligible to purchase in the ICO.

chalkboard17

sr. member

Activity: 484

Merit: 251

I just wonder do we have any bounty for members here so that they can advertise to more people. SOme giveaways are very good, right? Do not forget that and bounty can make great effect to participants

angrybirdy

sr. member

Activity: 1022

Merit: 276

★Bitvest.io★ Play Plinko or Invest!

Quote from: Marina_T on June 15, 2017, 11:11:30 AM

Quote from: stefanoste on June 15, 2017, 02:55:52 AM

Quote from: ArabMist on June 06, 2017, 09:48:43 PM

So is the team prepared for this scenario...

1) Pre sale sells out ($50k minimum donation) = Whales have entered Civic
2) ICO sells out ($25k max contribution), making countless transactions from different addresses at the $25k max = Whales solidify their position
3) ICO sells out in a few minutes
4) Us small investors again have to bend over and take one for the team (which we are not in btw)
5) Token price and to some degree the success of the project is now centralised.

What steps are you taking to ensure this will be a fair distribution?

Wagerr and Status are making great inroads in ensuring some degree of fairness. Vinny.. Your thoughts?

reply would be nice on this question

We will publish a FAQ soon and that will be covered. Make sure you subscribe for updates at tokensale.civic.com

Hi there Marina_T,

Whenever the FAQ is established or published, I would like to translate in in Filipino language because most of the time, this kind of project is being overlooked just because of the complexity of the terms/words used. Looking forward to the 21st of June. Good Luck.

CrossOps

newbie

Activity: 10

Merit: 0

So, in order to participate we need to install / register with the Civic App correct? If that is the case, its only showing the IOS version currently...

https://www.civic.com/app

I do not own anything apple / iOS. Is there going to be an android variant in time for the rest of us?

Does anyone else have any information about the app for android?

Herdirfauzi

sr. member

Activity: 574

Merit: 250

Great, I hope this project will be successful dev ..

idolacchacked

hero member

Activity: 598

Merit: 500

Quote from: ?? on ??

Quote from: mitchr4 on June 15, 2017, 04:45:42 AM

Wait so you're going to give back 33% of what was paid at the price of 2800? Because that would be horeshit. I don't mind getting back btc, but it should be at the current price, because we were asked to pay 50 grand worth of btc for the presale. You're seriously going to keep the price pegged at 2800 for the return of the 33%?

You guys are cracking me up.

So let me see if I understand this. You want to benefit from the high BTC price from the pre-sale (around $2800) for the 66% of your order that is fulfilled, and then on the flip side you want to benefit from the low price of BTC at refund time on the 33% that didn't get allocated? Talk about having your cake and eating it too.

If one were just to check their pre-sale contract they would find it is spelled out very clearly:

Quote from: GGALINff on June 15, 2017, 09:25:56 AM

it's probably the risk that the payer assumed in the presale. However, if the company sold the BTC, they may have ethical obligation (possibly legal) to return as close to the $ amount they sold for.

They didn't sell. Anyone that did a pre-sale can check the blockchain and will see the coins haven't moved.

btc has been moved

Marina_T

full member

Activity: 195

Merit: 100

Quote from: stefanoste on June 15, 2017, 02:55:52 AM

Quote from: ArabMist on June 06, 2017, 09:48:43 PM

So is the team prepared for this scenario...

1) Pre sale sells out ($50k minimum donation) = Whales have entered Civic
2) ICO sells out ($25k max contribution), making countless transactions from different addresses at the $25k max = Whales solidify their position
3) ICO sells out in a few minutes
4) Us small investors again have to bend over and take one for the team (which we are not in btw)
5) Token price and to some degree the success of the project is now centralised.

What steps are you taking to ensure this will be a fair distribution?

Wagerr and Status are making great inroads in ensuring some degree of fairness. Vinny.. Your thoughts?

reply would be nice on this question

We will publish a FAQ soon and that will be covered. Make sure you subscribe for updates at tokensale.civic.com

GGALINff

full member

Activity: 219

Merit: 100

it's probably the risk that the payer assumed in the presale. However, if the company sold the BTC, they may have ethical obligation (possibly legal) to return as close to the $ amount they sold for. (since everyone knew it was a low probability of the money not having to be returned)

Who knows, will be interesting to see how it plays out.

haidil

sr. member

Activity: 784

Merit: 252

a will be waiting your baunty thanks..

brian_nguyen

legendary

Activity: 1404

Merit: 1001

Quote from: mitchr4 on June 15, 2017, 04:45:42 AM

Quote from: Marina_T on June 14, 2017, 07:19:02 PM

Quote from: mitchr4 on June 14, 2017, 05:11:36 PM

Quote from: brian_nguyen on June 14, 2017, 05:03:28 PM

Quote from: mitchr4 on June 14, 2017, 05:00:02 PM

presale ended around 2800 price is now 2400 that a 14% loss on the 33% of refunded coins, because they now have to return 14% more coins to the presale buyers at 2800... thats a pretty chunky if btc doesn't rebound before the crowdsale

They probably just return 33% of the coins received.

right, but if those people paid for civic at the price of 2800... you think the team is going to fuck those people and return the coins as if the price is still 2800 even though its dropped to 2400? That would be pretty fucked up.

Refund is the same currency that pre-sale purchasers paid, e.g. BTC or ETH. We got no pushback on this so seems like most users are ok with the exposure to the same currency they paid with.

Wait so you're going to give back 33% of what was paid at the price of 2800? Because that would be horeshit. I don't mind getting back btc, but it should be at the current price, because we were asked to pay 50 grand worth of btc for the presale. You're seriously going to keep the price pegged at 2800 for the return of the 33%?

I see your point and they have to figure something out, perhaps some compromise. We did have BTC/USD ratio at 6:00AM on the day of the contract.

mitchr4

legendary

Activity: 2716

Merit: 1017

Join the world-leading crypto sportsbook NOW!

Quote from: Marina_T on June 14, 2017, 07:19:02 PM

Quote from: mitchr4 on June 14, 2017, 05:11:36 PM

Quote from: brian_nguyen on June 14, 2017, 05:03:28 PM

Quote from: mitchr4 on June 14, 2017, 05:00:02 PM

presale ended around 2800 price is now 2400 that a 14% loss on the 33% of refunded coins, because they now have to return 14% more coins to the presale buyers at 2800... thats a pretty chunky if btc doesn't rebound before the crowdsale

They probably just return 33% of the coins received.

right, but if those people paid for civic at the price of 2800... you think the team is going to fuck those people and return the coins as if the price is still 2800 even though its dropped to 2400? That would be pretty fucked up.

Refund is the same currency that pre-sale purchasers paid, e.g. BTC or ETH. We got no pushback on this so seems like most users are ok with the exposure to the same currency they paid with.

Wait so you're going to give back 33% of what was paid at the price of 2800? Because that would be horeshit. I don't mind getting back btc, but it should be at the current price, because we were asked to pay 50 grand worth of btc for the presale. You're seriously going to keep the price pegged at 2800 for the return of the 33%?

stefanoste

full member

Activity: 141

Merit: 100

Quote from: ArabMist on June 06, 2017, 09:48:43 PM

So is the team prepared for this scenario...

1) Pre sale sells out ($50k minimum donation) = Whales have entered Civic
2) ICO sells out ($25k max contribution), making countless transactions from different addresses at the $25k max = Whales solidify their position
3) ICO sells out in a few minutes
4) Us small investors again have to bend over and take one for the team (which we are not in btw)
5) Token price and to some degree the success of the project is now centralised.

What steps are you taking to ensure this will be a fair distribution?

Wagerr and Status are making great inroads in ensuring some degree of fairness. Vinny.. Your thoughts?

reply would be nice on this question

Marina_T

full member

Activity: 195

Merit: 100

Quote from: mitchr4 on June 14, 2017, 05:11:36 PM

Quote from: brian_nguyen on June 14, 2017, 05:03:28 PM

Quote from: mitchr4 on June 14, 2017, 05:00:02 PM

presale ended around 2800 price is now 2400 that a 14% loss on the 33% of refunded coins, because they now have to return 14% more coins to the presale buyers at 2800... thats a pretty chunky if btc doesn't rebound before the crowdsale

They probably just return 33% of the coins received.

right, but if those people paid for civic at the price of 2800... you think the team is going to fuck those people and return the coins as if the price is still 2800 even though its dropped to 2400? That would be pretty fucked up.

Refund is the same currency that pre-sale purchasers paid, e.g. BTC or ETH. We got no pushback on this so seems like most users are ok with the exposure to the same currency they paid with.

mitchr4

legendary

Activity: 2716

Merit: 1017

Join the world-leading crypto sportsbook NOW!

Quote from: brian_nguyen on June 14, 2017, 05:03:28 PM

Quote from: mitchr4 on June 14, 2017, 05:00:02 PM

presale ended around 2800 price is now 2400 that a 14% loss on the 33% of refunded coins, because they now have to return 14% more coins to the presale buyers at 2800... thats a pretty chunky if btc doesn't rebound before the crowdsale

They probably just return 33% of the coins received.

right, but if those people paid for civic at the price of 2800... you think the team is going to fuck those people and return the coins as if the price is still 2800 even though its dropped to 2400? That would be pretty fucked up.

Herdirfauzi

sr. member

Activity: 574

Merit: 250

Quote from: celot on June 04, 2017, 05:42:20 AM

Quote from: sircy on June 04, 2017, 05:18:39 AM

Still can't find any information regarding the bounty in first post.
Can anyone help me with the info about it?
Thank you.

No bounty, may crowdsale not success
Lol

Bounty will help introduce the project quickly, and the people who follow will be excited if the reward is high Lol

brian_nguyen

legendary

Activity: 1404

Merit: 1001

Quote from: mitchr4 on June 14, 2017, 05:00:02 PM

presale ended around 2800 price is now 2400 that a 14% loss on the 33% of refunded coins, because they now have to return 14% more coins to the presale buyers at 2800... thats a pretty chunky if btc doesn't rebound before the crowdsale

They probably just return 33% of the coins received.

mitchr4

legendary

Activity: 2716

Merit: 1017

Join the world-leading crypto sportsbook NOW!

presale ended around 2800 price is now 2400 that a 14% loss on the 33% of refunded coins, because they now have to return 14% more coins to the presale buyers at 2800... thats a pretty chunky loss if btc doesn't rebound before the crowdsale

mitchr4

legendary

Activity: 2716

Merit: 1017

Join the world-leading crypto sportsbook NOW!

http://www.coindesk.com/civics-ico-pre-sale-sells-out-but-crowd-to-get-second-chance/

I read this article and it makes no sense for the civic team... So with the price dropping CIVIC may actually give back some of btc and eth from the presale, but they may take a huge loss if they hit a low point in the btc price fluctuation for returning btc to the presale buyers... That's kind of fucked up, and messy, why not just bump the coin count by the 33% so everything stays clean, and they dont risk a loss?

Topic: [ANN] [CVC] CIVIC Tokensale Successfully Completed - page 103. (Read 173769 times)