Last chance to invest today, so I have some tough questions:
How well advanced is the development of the tech? Is September 5th realistic for the genesis block?
Will the first version to be released in September already have the key features of the tech implemented? Or will these key features come one by one in the course of months and years like with Nxt?
When will this coin hit exchanges and which one? Is bringing that coin to polo a top priority for you or do you have the mindset: "This is not about speculation, it is enough when you can trade it on Ronny Boesing's exchanges"? (Nothing against Ronny, but polo is where the music plays.)
Do you have CONCRETE plans on active marketing IMMEDIATELY after launch?
Is the company already in existence and who are the shareholders?
Are you already in concrete talks with big investors in the company and with real businesses who want to cooperate with you?
Thanks in advance.
Topic: [ANN] HEAT: 3.0 crypto*multisig fiat*a2a hft*1000tps*DSA*PoS+PoP*e2ee chat* - page 294. (Read 418460 times)
August 08, 2016, 07:49:09 AM
August 08, 2016, 04:03:58 AM
If I have invested some couple of days ago and would like to invest more, can I just send more from the same address or is there some other way to do this properly?
You can send more from the same address or different address.To claim HEAT tokens, you'll need to have access to any addresses you've sent the investments from.
difference between directly sending to dev or using an exchange like ccex?
Sending directly removes any intermediary / exchange account risk but means more work for you to claim tokens in September. 
August 08, 2016, 03:38:57 AM
difference between directly sending to dev or using an exchange like ccex?
August 08, 2016, 02:06:42 AM
Will the stock options be calculated before or after you claim your HEAT?
They'll be calculated, meaning the # of HEAT required for each option, before the HEAT distribution for sure.Release of the options in the "physical" form (we intend them to be publicly tradeable before the IPO) is still something we have to clear, and see what's possible legally. From what I know this is the first time in history real registered stock options for company stock are given in large scale based on cryptocurrency holdings.
Most likely HEAT holdings on an exchange can't receive options, so you'll have an opportunity to withdraw your HEAT from exchanges to use them for the options.
August 07, 2016, 04:46:52 PM
Going to spend some coins. Hope to get some amount together to invest in this..
August 07, 2016, 04:45:21 PM
how much longer for ICO end?
It ends at 23.59 gmt on monday. So 26 hours and 15 mins left. August 07, 2016, 04:35:50 PM
how much longer for ICO end?
August 07, 2016, 02:45:27 PM
1500 BTC raised so far and a little over 24 hours to go.
Looking forward to see where we will end up.
Will the stock options be calculated before or after you claim your HEAT?
I have purchased some by direct deposit and some from C-Cex. If they are calculated before I claim my HEAT I could lose out on 1 stock option for each ICO option I have used.
Of course we have no idea about the value of a stock option but it would be nice to know.
Looking forward to see where we will end up.
Will the stock options be calculated before or after you claim your HEAT?
I have purchased some by direct deposit and some from C-Cex. If they are calculated before I claim my HEAT I could lose out on 1 stock option for each ICO option I have used.
Of course we have no idea about the value of a stock option but it would be nice to know.
August 07, 2016, 02:43:27 PM
Yes. A fixed fee for something as dynamic as the price of a cryptocurrency doesn't make sense. A fixed percentage would mean that it can become very expensive to transfer large amounts.
They will be extremely cheap. HEAT is not NXT, we don't have to worry about getting full.
August 07, 2016, 02:39:32 PM
Will there be voting enabled in the first wallet?
This is not planned for the initial release.
August 07, 2016, 02:35:17 PM
The whitepaper is very nice, and the devs seem very professional and technical.
Thanks!
However, one thing that concerns me, is I don't see actual code on github anywhere.
Why don't you open-source it, so we can see what you're working on?
Why don't you open-source it, so we can see what you're working on?
You are correct that there is no code on github I have however been sharing key parts and class files on this forum.
The problem with sharing on github (at this moment) is because I'm making such huge changes, on a sometimes not even compile-able let alone run-able version of HEAT.
Please understand where we started, we took standard NXT and had to take out over 80% of its code.
Afterwards we had to fill in all blank parts that NXT solves quite easily by simply embedding their database in the middle.
For HEAT all this SQL logic had to be translated into "normal" Java code. Had to be made to run extremely fast, while supporting many thousands of txns a second.
To be honest.. what's that like is that i have to code over parts three or four times sometimes (see my comments and source code, in this thread, for how we solved the mem-pool - which had to be done over).
So hope you'll understand we'll release source code when its at least a complete package.
--------
That said.... in case you are an experienced java coder?
And willing to support me by reviewing key parts of our software, please drop me a PM and I'll make sure you get the parts that need reviewing.
August 07, 2016, 02:25:24 PM
August 07, 2016, 02:18:39 PM
We are aiming for extremely low transaction fees, as low as possible basically.
But since we don't yet know the market cap HEAT will have at launch we can't decide on those yet.
But if the market cap increase 100x then the transaction fee will be 100 times as expensive. If the fee is not a problem after having increased 10000 % then it was probably too low in the beginning for people to secure the network. NXT has a low fee now but the hard coded fee is 1 NXT, and if the market cap ever reaches 1 billion then the fee for every transaction will be $1. It will probably never reach a market cap of 10 billion because people wouldn't be willing to pay $10 for every transaction. An optimal Heat Ledger fee now will probably not be an optimal fee a few years from now. Why not do something else like letting the users decide what the most optimal fee will be? A kind of voting/consensus mechanism. To me that seems to be much better than having to change the code of the protocol when the fee in dollar terms becomes too high or too low.But since we don't yet know the market cap HEAT will have at launch we can't decide on those yet.
Don't worry please.
You will not be paying 10 euro for every transaction.
As said there are various cost levels, in these 'levels' existing accounts can send transactions to existing accounts at almost no cost!
Which i believe is a very good thing.
But HEAT is also at a risk here, especially now the market cap is low.
While probably all other crypto-currencies can be crippled and made unresponsive or simply be made to break down just by sending a whole load of transactions to them, HEAT has solved this inherent weakness.
But it has not become free to send transactions entirely.
Some operations (like i said - sending to a new account for instance) still need to be somehow protected against misuse..
And thats exactly what fees in a POS system are meant for, to prevent misuse.
So while basically anyone can do 99% of operations (assuming you send 99 transactions to existing accounts) at almost no cost, there simply MUST be a significant cost related to sending new accounts.
Which, as far as I understand, can only be kept as a miuse prevention if its cost indeed are somehow too significant to ignore.
So this does require us to adjust fees when market cap rises, adjust them down of course.
But i dont see a problem with that at all, since it doesn't involve any changes for any one sending transactions to existing accounts.
August 07, 2016, 12:55:29 PM
Or will i get my HEAT automatically on C-Cex?
Your C-CEX stakes already can be considered HEAT tokens. Their amount will be adjusted upwards to match with the final rate (more than 1 HEAT per token) if not all 25M tokens are sold during the ICO. So whatever amount you see at C-Cex is the minimum amount of HEAT you'll have. Currently it looks likely that amount will be adjusted up during the distribution.All 25M are distributed to stakeholders in September in any case.
If ICO isn't fully reserved, 1 000 000 HEAT are locked up as an incentive and released for development crew after 1 250 000 blocks (1 year).
August 07, 2016, 12:15:24 PM
I have one question, if I want to participate in the ico through C-Cex, then i buy there and what i have to do then to get my HEAT after the ico?
Or will i get my HEAT automatically on C-Cex?
Or will i get my HEAT automatically on C-Cex?
August 07, 2016, 11:20:05 AM
It said i receive a 0.5% rebate when i invest in the ICO when i sign up.
I'm going to buy Heat on C-Cex. How does the rebate apply on the exchange?
The rebate is applied during or shortly after the process of claiming your HEAT tokens. You'll need to confirm your email address through a link which is integrated to the HEAT distribution process, or in case of 3rd party escrow arranged in another way of proving you have access to your HEAT stake.I'm going to buy Heat on C-Cex. How does the rebate apply on the exchange?
Depending on whether the full 25 Million distribution is reserved or not, and possibly some other technicalities, the rebate may be in a form of extra HEAT or alternatively cashback to your original crypto account. We'll be sure to let you know without any unclarity.
Ok. That helps. Thank You.
Are there other rebate/discounts available in any form?
August 07, 2016, 09:40:45 AM
I have bought via c-cex - do i receive also extra token if this happens ?
Yes, everyone will. 
August 07, 2016, 09:34:43 AM
I have bought via c-cex - do i receive also extra token if this happens ?
August 07, 2016, 08:56:12 AM
Dev said we will rcv more heat if token not sold out.
August 07, 2016, 07:34:13 AM
how will the unsold coins be handled ?
Distributed to ICO buyers I believe.
äh
u buy a stake at this moment that stake doesnt say how many coins u get (till now).
example if they are 30 mio coins ..5 mio keep for dev and 25mio will be splitted to for example 100 stakes (maximum 100 stakes)
if they are only 40 stakes are sold, those 40 stakes are standing for 25mio coins! and will be splitted to the amounts of stakes who investors already bougth.
correct me if im wrong.. but this is how it normaly going.
But yes is only 12.5m tokens are sold everyone would get double the amount they paid for.
I dont think the devs will keep 5m tokens. I dont think they will be created unless the 25m is sold but I am not 100% sure.
"If all 25 Million tokens are reserved prior to ICO end date, an additional stack of up to 5 Million HEAT can be released at the HEAT Team's discretion at various outlets, for a price of approx. 0.00025 BTC each." So they will only release the 5 million if all 25 million is sold.
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