Topic: [ANN] EQUIBIT (EQB) 📈 A P2P Decentralized Securities Platform 📈 - page 17. (Read 30496 times)

I wonder why so many people worry about the ICO. Remember that you are dealing with highly educated and seasoned individuals. These guys are not the average 15-year-old altcoin kids that struggle with remembering the difference between bits and bytes. You will likely not be able to send BTC without knowing what you are paying for.

That was my first thought as well. Why would they use a 3rd party system they have no control over.

I'm out of this one. But I will probably buy when it hits exchanges.

If all tranches are bought, total price paid = $6,660,000

Price for tranches 1-7 = $3,018,000
Price for tranches 8-10 = $3,642,000

I think a lot of funny stuff can happen if buyers are unable to make tranche limit orders.

My fear is they won't know. Ie. they will send 1 bitcoin on crowdsale launch expecting to be getting in at the $2 price, only to find out 7 tranches have been bought in 1 big order and now they are paying $9.55 per EQB instead of $2.

Higher tier price is too expensive, I doubt some people will buy those more expensive tokens, IMO people will give up buying expensive prices, unless they buy the cheapest ones.

Are people able to place limit orders for the ICO?

eg. only purchase if it is Tranche 1?

It would be rather unfortunate to send a transaction immediately after launch only to find out that 300,000 already sold and now it's Tranche 4 and you are buying at 2 times the price you thought you were getting.

I saw the first round of public offering in 2015, nearly 2 years of time what the team doing? Why is there not have any  code on GitHub? How to protect investors to prove that this project is not a scam?

If Litecoin has a market cap of $180 million, with no real advantages compared to Bitcoin, who are you to say that Equibit won't reach a market cap of hundreds of millions with its unique use-case?
The total number of tokens when they have all been mined will be 22,000,000 (22 million), 1 million tokens created for the ICO and 21 million tokens mined. If you had read the ICO's Terms and Conditions properly you would have seen this:


Does that look familiar to you, eh? Same reward halving scheme as Bitcoin.

No, it does not look like it. This appears to be an attempt to have a share settlement and registration system.
Securities exchanges are more likely to explore this on their own as the ASX is doing IMHO.

http://www.smh.com.au/business/markets/asx-working-on-industrial-strength-blockchain-platform-20160927-grp9gu.html

It's very unprofessional and irresponsible to make this sort of statement.
How precisely did you make this estimation?
 It seems way too optimistic.


So if they are right and there is 3.6 M coins (after one year), it will have to have a market cap of $7.2M just to break even if one buys in the forst tranche.

If you buy in the last tranche it will have to have a market cap over $50M just to break even.

What people need to know is the total number of coins absolutely, not just after one year.

That is a non issue, first you have to register on the site to participate to the ICO, second when the last token available is sold the ICO will stop. Not hard to understand.
I have a feeling this ICO will do very well, and also look forward to mine coins when the network is live!

If you are in Washington DC on January 31st you are welcome to join the Equibit Launch Party!

More info: https://www.meetup.com/BitcoinDC/events/236831327/

Join EDC in celebration of the launch of the Equibit (Equibit.org) Initial Coin Offering. Held at a to-be-disclosed location in Washington D.C., attendees will enjoy hors-d’oeuvres, drinks and get to meet the executives and senior management. CEO Chris Horlacher will also be giving a talk about the promise of Equibit and its potential impact on the capital markets industry.

EDC is building Equibit, the world's first peer-to-peer equity marketplace and a complete platform for issuers to manage their investor relations without the need for depositories and transfer agents. Equibit allows issuers to use cryptocurrency tokens, called 'equibits', to authorize and disseminate their shares. It also includes a secure, P2P communications system allowing for private messages and polls to be instantly sent to individuals and groups on the network. A public component of the communications system allows for the announcement of bid/ask type messages, in the same vein as an open outcry trading pit but on a global scale. Investors can designate and revoke proxy rights with a simple click of their mouse. Equibit also includes trading passports, an ingenious way of handling the KYC issues currently faced by blockchain technology. Private issuers and investors can quickly join vetted communities on the network, gaining easy access to pools of capital and investment opportunities in an environment that maintains compliance with securities laws over exempt distributions.

EDC is also the creator of the world's first Supernode. A cryptocurrency node capable of transacting on both Bitcoin and Equibit and performing all cryptographic operations in hardware rather than software. It is certified FIPS 140-2 Level II compliant by NIST and the CSE, offering unrivaled security over private keys, and incredible speed for enterprise. Functionality is delivered through an API, making integration with existing financial applications easy.

Equibit White Paper at Cornell University: https://arxiv.org/abs/1612.06953

We strongly recommend reading the material available on our site and understand it, learn what is Equibit about first, if in doubt do not contribute.
We have also added a FAQ on the ICO page: https://ico.equibit.org/.


There won't be any excess funds as if and when the last token is sold no more contributions will be accepted.
Our ICO site is setup in a way to prevent this from happening.


Not sure what you mean, contributors will receive EQBs for their contributions.


We don't have bounties for social media, translations or signatures for the moment. If things will change in the future we will make announcements.

In site can also paste Twitter and fb account to collect the free coins?

this project can not be trusted, he just wanna sell but nothing giving , investors will lost their money if you buy them.

By reading this..looks like a perfect scam !!!!!!!!!!!!!!!

if indeed the term non refundable applied as written in points 14 on ICO T&C: http://equibit.org/equibitico.pdf

14. All Purchases of EQB Are Non-Refundable
ALL PURCHASES OF EQB ARE FINAL. PURCHASES OF EQB ARE NON-REFUNDABLE.
BY PURCHASING EQB, THE  PURCHASER  ACKNOWLEDGES  THAT  NEITHER  EDC  NOR  ANY  OTHER  OF  THE  EDC  PARTIES  ARE REQUIRED  TO  PROVIDE A  REFUND  FOR  ANY  REASON,  AND  THAT  THE  PURCHASER  WILL  NOT  RECEIVE MONEY OR OTHER COMPENSATION FOR ANY EQB THAT IS NOT USED OR REMAINS UNUSED


how if that all 1M coin is already sold out, but there is still more incoming funds collected at the end of the ICO?

while we know the number of coins in a limited distributed and sold at fixed prices which have been defined per stage so that total number can not be changed by adjusting the number of participants and total funds collected in the end of the ICO,


are this any excess funds will be non-refundable too?

There is doubt in my head about this ico.

Really like to know about the distribution/roadmap of the coin

Just FUD, ignore it.

They have most certainly implemented measures to prevent that from even being a possibility.