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Topic: [ANN] [CVC] CIVIC Tokensale Successfully Completed - page 95. (Read 173769 times)

legendary
Activity: 2632
Merit: 1040
But the thing is that CVC will not be listed on exchanges. Prety sure that 80 % is not aware of this.

why? who decide that?
if Bittrex/poloniex wants to add CVC who can avoid that?
sr. member
Activity: 771
Merit: 283
what do you guys mean that they can't be traded?
exactly. can't be traded. we're buying it for future purchasing their services

How can you technically avoid the use of a ERC-20 token for trading purposes?
I think they are only explaining that "trading is not the scope" that is very different from "you can't trade CVC"

Ofc you can send me your tokens and i will send you some btc/eth for it.
But the thing is that CVC will not be listed on exchanges. Prety sure that 80 % is not aware of this.
legendary
Activity: 2632
Merit: 1040
what do you guys mean that they can't be traded?
exactly. can't be traded. we're buying it for future purchasing their services

How can you technically avoid the use of a ERC-20 token for trading purposes?
I think they are only explaining that "trading is not the scope" that is very different from "you can't trade CVC"
full member
Activity: 171
Merit: 100
what do you guys mean that they can't be traded?
exactly. can't be traded. we're buying it for future purchasing their services
sr. member
Activity: 602
Merit: 250
I've contacted the team regarding the listing of the token.
I will let you know their answer.
sr. member
Activity: 490
Merit: 250
what do you guys mean that they can't be traded?
sr. member
Activity: 771
Merit: 283
I hope that all investors are understading that they cant trade their tokens according section 6 of the whitepaper!

Are you assuming this or did you receive a confirmation?

Read page 15 of the white paper:

Civic users who own CVC may be able to use their CVC to purschase existing services directly from civic.

What is the use for a token if it can't be traded?

That is what i am asking all the time but nobody from the Civic team is giving me a answer on that. (or other questions...)
sr. member
Activity: 616
Merit: 252
I hope that all investors are understading that they cant trade their tokens according section 6 of the whitepaper!

Are you assuming this or did you receive a confirmation?

Read page 15 of the white paper:

Civic users who own CVC may be able to use their CVC to purschase existing services directly from civic.

What is the use for a token if it can't be traded?
sr. member
Activity: 771
Merit: 283
I hope that all investors are understading that they cant trade their tokens according section 6 of the whitepaper!

Are you assuming this or did you receive a confirmation?

Read page 15 of the white paper:

Civic users who own CVC may be able to use their CVC to purschase existing services directly from civic.
sr. member
Activity: 616
Merit: 252
I hope that all investors are understading that they cant trade their tokens according section 6 of the whitepaper!

Are you assuming this or did you receive a confirmation?
sr. member
Activity: 771
Merit: 283
I hope that all investors are understading that they cant trade their tokens according section 6 of the whitepaper!
full member
Activity: 189
Merit: 100
Are there any plans to delay this ICO due to the huge backlogs and delays of the ETH Network right now?  I've tried to consolidate funds into a single wallet and none of the transactions are even broadcast yet after an hour of waiting.  This feels like it is going to take away from ICO in a large way.
newbie
Activity: 31
Merit: 0
I think this can be an interesting project. Although this project relies for 100% of the security of the data (which they are probably are aware of themselves).

However the valuation of your company seems high to me. What makes you think the company / the project is worth 100 million USD? (1B tokens x 0.10 USD)

The Company will conduct a public sale of Tokens (the “Crowdsale”), which will begin at 6:00 am PDT (1:00 pm UTC) on June 21st, 2017 (the “Launch Date”) and end at 6:00 am PDT (1:00 pm UTC) on June 28th, 2017 (the “Crowdsale End Date”) or when $11,000,000 U.S. Dollar (“USD”) worth of Tokens (i.e. 110 million Tokens) has been sold, whichever is earlier.

The ICO is only to raise 11 million USD right? Seems acceptable.

Marketcap will be 100 MIO $  then https://steemit.com/cryptocurrency/@christbkk/status-im-is-on-next-civic-ico-and-here-is-why-i-pass-on-it 

Just for my understanding then. The ICO is planned to raise 11 million USD. This is for 110 million tokens. What will happen with the other 890 million tokens? If these are still in use and can still be sold (also if this will be in a later stage) than this will have an impact on the market again. So if the total supply of 1B coins can be distributed now or in the future this will have an impact on the price. That's why I calculate it as the toal supply valuation is 100 million. If the remaining tokens will never be sold (or burned) than indeed my statement was incorrect.
86
full member
Activity: 124
Merit: 100
I'm not sure what's mean of the Whitepaper Page 15, section 6 :

6. Risks Associated with Markets for Tokens
The Tokens are intended to be used solely within the Ecosystem and the Company will
not support or otherwise facilitate any secondary trading or external valuation of Tokens. This
restricts the contemplated avenues for using Tokens to the provision or receipt of Services, and
could therefore create illiquidity risk with respect to any Tokens you own. Even if secondary
trading of Tokens is facilitated by third-party exchanges, such exchanges may be relatively new
and subject to little or no regulatory oversight, making them more susceptible to fraud or
manipulation. Furthermore, to the extent that third parties do ascribe an external exchange value
to Tokens (e.g., as denominated in a digital or fiat currency), such value may be extremely
volatile and diminish to zero.

Does this mean the Civic has no plan to let token to trade on market?  It can only be used in Civic Ecosystem?

Can we get an answer for this please?

There will be always "a market" even when they're not going to be listed in the exchanges like Bittrex or Polo.
sr. member
Activity: 532
Merit: 327
I'm not sure what's mean of the Whitepaper Page 15, section 6 :

6. Risks Associated with Markets for Tokens
The Tokens are intended to be used solely within the Ecosystem and the Company will
not support or otherwise facilitate any secondary trading or external valuation of Tokens. This
restricts the contemplated avenues for using Tokens to the provision or receipt of Services, and
could therefore create illiquidity risk with respect to any Tokens you own. Even if secondary
trading of Tokens is facilitated by third-party exchanges, such exchanges may be relatively new
and subject to little or no regulatory oversight, making them more susceptible to fraud or
manipulation. Furthermore, to the extent that third parties do ascribe an external exchange value
to Tokens (e.g., as denominated in a digital or fiat currency), such value may be extremely
volatile and diminish to zero.

Does this mean the Civic has no plan to let token to trade on market?  It can only be used in Civic Ecosystem?

Can we get an answer for this please?
sr. member
Activity: 771
Merit: 283
I aint investing in this without descent answers.
86
full member
Activity: 124
Merit: 100
4 hours left! Make sure you guys get an account to buy tokens!  Smiley
full member
Activity: 238
Merit: 100
Co founder & CMO SocialX
I think this can be an interesting project. Although this project relies for 100% of the security of the data (which they are probably are aware of themselves).

However the valuation of your company seems high to me. What makes you think the company / the project is worth 100 million USD? (1B tokens x 0.10 USD)

The Company will conduct a public sale of Tokens (the “Crowdsale”), which will begin at 6:00 am PDT (1:00 pm UTC) on June 21st, 2017 (the “Launch Date”) and end at 6:00 am PDT (1:00 pm UTC) on June 28th, 2017 (the “Crowdsale End Date”) or when $11,000,000 U.S. Dollar (“USD”) worth of Tokens (i.e. 110 million Tokens) has been sold, whichever is earlier.

The ICO is only to raise 11 million USD right? Seems acceptable.

Marketcap will be 100 MIO $  then https://steemit.com/cryptocurrency/@christbkk/status-im-is-on-next-civic-ico-and-here-is-why-i-pass-on-it 
sr. member
Activity: 616
Merit: 252
I think this can be an interesting project. Although this project relies for 100% of the security of the data (which they are probably are aware of themselves).

However the valuation of your company seems high to me. What makes you think the company / the project is worth 100 million USD? (1B tokens x 0.10 USD)

The Company will conduct a public sale of Tokens (the “Crowdsale”), which will begin at 6:00 am PDT (1:00 pm UTC) on June 21st, 2017 (the “Launch Date”) and end at 6:00 am PDT (1:00 pm UTC) on June 28th, 2017 (the “Crowdsale End Date”) or when $11,000,000 U.S. Dollar (“USD”) worth of Tokens (i.e. 110 million Tokens) has been sold, whichever is earlier.

The ICO is only to raise 11 million USD right? Seems acceptable.
newbie
Activity: 31
Merit: 0
I think this can be an interesting project. Although this project relies for 100% of the security of the data (which they are probably are aware of themselves).

However the valuation of your company seems high to me. What makes you think the company / the project is worth 100 million USD? (1B tokens x 0.10 USD)
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