Topic: [ANN] [IBC] IronBankCoin - Blocktech Hosted Network|ICO UPDATE|BlockchainApp - page 5. (Read 28650 times)
August 18, 2014, 08:22:23 PM
a bit out of order on the people who initially invested changing the conditions of the ipo as not enough BTCs raised to make you happy!!!!
August 18, 2014, 08:19:57 PM
ICO Structure change
After consulting with our partners at Blocktech and much internal deliberation the IBC team has come to the conclusion that a change in ICO structure is necessary. The new structure will be as follows:
100,000,000 initial coins minted in block one
Proof of stake with a 4% interest rate
The ICO will consist of 10,000,000 coins
No other coins will be issued until the game is completed and released
The coins that are not being offered in the ICO will be held by blocktech until the games release. Upon release, Root Applications LLC will be given the coins. Root Applications LLC will then control the in game money supply in the roll of the Iron Bank, an economic game master of sorts.
We believe that this structure is the best way to both integrate IBC in our internal economy slowly as to not cause hyper inflation and to add value for our initial investors. It also lets us integrate another layer of the Game of Thrones world in to the game, The Iron Bank.
With the implementation of this new structure we will be extending the ICO for another week, it will close on August 29th, 2014.
Finally, we would like to extend the offer of a full refund to anyone who has contributed to the ICO up to this point as we understand that this ICO structure is not what you originally agreed to.
-Regards
The Iron Bank team.
After consulting with our partners at Blocktech and much internal deliberation the IBC team has come to the conclusion that a change in ICO structure is necessary. The new structure will be as follows:
100,000,000 initial coins minted in block one
Proof of stake with a 4% interest rate
The ICO will consist of 10,000,000 coins
No other coins will be issued until the game is completed and released
The coins that are not being offered in the ICO will be held by blocktech until the games release. Upon release, Root Applications LLC will be given the coins. Root Applications LLC will then control the in game money supply in the roll of the Iron Bank, an economic game master of sorts.
We believe that this structure is the best way to both integrate IBC in our internal economy slowly as to not cause hyper inflation and to add value for our initial investors. It also lets us integrate another layer of the Game of Thrones world in to the game, The Iron Bank.
With the implementation of this new structure we will be extending the ICO for another week, it will close on August 29th, 2014.
Finally, we would like to extend the offer of a full refund to anyone who has contributed to the ICO up to this point as we understand that this ICO structure is not what you originally agreed to.
-Regards
The Iron Bank team.
August 18, 2014, 08:19:31 PM
I'm very interested in the game. This makes so much more sense to me now. Didn't like the idea of miners and a game economy. It needs to be controlled, entry will be important later.
I like what blocktech is doing in general though. I think Winter is coming to this thread tho lol. Curious so see the final sales numbers with all the Jebus/Bryce haters and the alt market in general right now.
I like what blocktech is doing in general though. I think Winter is coming to this thread tho lol. Curious so see the final sales numbers with all the Jebus/Bryce haters and the alt market in general right now.
August 18, 2014, 08:19:03 PM
They have a tweet on the 16th saying 6 more days of presale, I though it was supposed to go until the 29th?
The Ann was updated about 30 min ago, I'll repost the changes in the next post
August 18, 2014, 08:17:48 PM
They have a tweet on the 16th saying 6 more days of presale, I thought it was supposed to go until the 29th?
August 18, 2014, 07:51:59 PM
Another Jebus and Blocktech coin. Don't forget about rzr.
Do your research before buying!
Do your research before buying!
I fully agree. Please look in to both Blocktech and me before you buy. I welcome that.
August 18, 2014, 07:47:46 PM
Another Jebus and Blocktech coin. Don't forget about rzr.
Do your research before buying!
Do your research before buying!
August 18, 2014, 07:45:31 PM
I don't see the difference between a trusted source and an exchange.
What's the difference?
They would get more investors, but that wouldn't effect if I invested.
What's the difference?
They would get more investors, but that wouldn't effect if I invested.
August 18, 2014, 07:27:36 PM
I also welcome the notion of holding the IPO on an exchange as it would be more what I am accustomed to, for convenience.
Except that that costs ~5btc to do. So... give an exchange 5btc or let blocktech escrow it all and put that money towards development. Whats more responsible?
i did buy xcloud ipo though.. that was fun and a positive launch
I'm going to assume you've never been part of a start up and don't know how tight budgets actually have to be. If a start up is willing to pay 2500$ they don't need to pay, its probably a scam.
August 18, 2014, 07:25:44 PM
I also welcome the notion of holding the IPO on an exchange as it would be more what I am accustomed to, for convenience.
Except that that costs ~5btc to do. So... give an exchange 5btc or let blocktech escrow it all and put that money towards development. Whats more responsible?
i did buy xcloud ipo though.. that was fun and a positive launch
I'm going to assume you've never been part of a start up and don't know how tight budgets actually have to be. If a start up is willing to pay 2500$ they don't need to pay, its probably a scam.
August 18, 2014, 07:15:34 PM
Hey guys, I just wanted to pop in to let you guys know that I'm going to be helping the IBC team out for a while.
I explained why here - https://twitter.com/jebus911/status/501495121909514240
I explained why here - https://twitter.com/jebus911/status/501495121909514240
August 18, 2014, 07:08:31 PM
I also welcome the notion of holding the IPO on an exchange as it would be more what I am accustomed to, for convenience.
Except that that costs ~5btc to do. So... give an exchange 5btc or let blocktech escrow it all and put that money towards development. Whats more responsible?
i did buy xcloud ipo though.. that was fun and a positive launch
I'm going to assume you've never been part of a start up and don't know how tight budgets actually have to be. If a start up is willing to pay 2500$ they don't need to pay, its probably a scam.
August 18, 2014, 06:57:03 PM
Got my eyes on this but a bit confused by the IPO- just an address to send BTC to and very little supporting info. Is there a min/max investment? Is there an overall cap on the IPO? Is there a set price for the coins or does it depend on how much is raised? Is it escrowed?
I'll be keeping an eye on it.
I'll be keeping an eye on it.
August 18, 2014, 06:23:38 PM
I also welcome the notion of holding the IPO on an exchange as it would be more what I am accustomed to, for convenience.
Except that that costs ~5btc to do. So... give an exchange 5btc or let blocktech escrow it all and put that money towards development. Whats more responsible?
i did buy xcloud ipo though.. that was fun and a positive launch
August 18, 2014, 05:56:58 PM
basically I dont beliebe in all these gamecoins but this sounds interesting because the coin will be released together with the game (like second life & linden dollar)
have some questions
is this a browser game?
is there any video of this game?
will mining schedule released before presale ends?
have some questions
is this a browser game?
is there any video of this game?
will mining schedule released before presale ends?
August 18, 2014, 04:17:45 PM
I also welcome the notion of holding the IPO on an exchange as it would be more what I am accustomed to, for convenience.
Except that that costs ~5btc to do. So... give an exchange 5btc or let blocktech escrow it all and put that money towards development. Whats more responsible?
August 18, 2014, 04:16:35 PM
looks cool I'm in, it would be nice if you added another way to mine it also so I could use my sha asics
I sent my investment, lets take it to the moon or mars.
I sent my investment, lets take it to the moon or mars.
Post the transaction ID and the amount deposited.
August 18, 2014, 04:10:41 PM
looks cool I'm in, it would be nice if you added another way to mine it also so I could use my sha asics
I sent my investment, lets take it to the moon or mars.
I sent my investment, lets take it to the moon or mars.
August 18, 2014, 03:46:29 PM
Dont change the IPO method now that takes away credibility. Viacoin had a similar method and it did fine. This is what yall chose so let it finish, changing the terms would put me off. I plan on buying near the end of the 7 day period.
August 18, 2014, 11:53:50 AM
No exchange vote here. No rush, I like the setup now.
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