Topic: [ANN]🔹🔹🔹 ICO ENDED 22 December 2016 🔹🔹🔹 HackerGold (HKG) - page 24. (Read 39375 times)
Will you only be able to purchase HKG with ETH?
A very interesting project that will monitor developments, subscribed to you on Twitter! 
Guys, check out this article: https://www.deepdotweb.com/2016/10/12/ether-camp-launches-virtual-accelerator-hacker-gold-token/
I hope it helps users understand the project without having to read all the info on the website and whitepaper.
I hope it helps users understand the project without having to read all the info on the website and whitepaper.
is it same like DAO
No, we're not like the DAO
The DAO looked to replicate a VC fund on the blockchain. We're using the blockchain to allow for peer to peer funding and disrupt the whole model. A safer model.
We do not collect ether in order to redistribute the wealth. We're building a platform for 'backers' and promising projects to meet and collaborate.
Individuals are able to support the camps they like rather than relying on the crowd to come to consensus. So unlike the DAO you control your tokens and can decide which projects you’d like to back. Projects can be built regardless of whether they receive funds or not.
Also, so long as the HKG contract spits out HKG when I throw btc/eth at it (and doesn't allow anyone to somehow cheat and get more HKG than they paid for) it's done it's job. The security of the ETH collected is not a direct concern.
is it same like DAO
OK guys, thanks for all the comments. I'll try address all of them.
1. 4 million ETH is more than $40 million at the present valuation
We’re not, and can’t be more clear on that.
We considered the pros and cons for capping the sale of HKG. Our issue with a cap has always been that this will limit the distribution of the token and by limiting participation undermine the ability of the community to identify the best ideas.
So rather than set a cap, we wanted to leave it up to the market to decide what the value of the sale would be. To be honest we were not anticipating a particularly large initial sale.
However, at the same time, there is always the possibility that things can run out of control, so after feedback from the community we subsequently decided to put a safety cap in place. The figure of 4 Million Ether was chosen only from a perspective of protecting the network. It was never intended to be a target or goal, although it appears that a vocal section of the community is taking it like that. We understand and respect why people have come to this conclusion, and again we apologise for the misunderstanding.
Please also consider that Hacker Gold will be on sale for a 9 week period, the last 5 weeks of which will be the hackathon itself. The platform will be there for everyone to see and evaluate. Nobody has to make a choice on the first day.
2. Another ICO looking to make some money/coins Roll Eyes. I think the project is great, but why on earth do you guys need so much money?
We appreciate that you think our project is great
and hope the answer above covers your concern.
3. What do u guys mean with "so much money" no actual value has been asked for has it? i think the 4M eth cap is for individual investors, not for the ICO itself. The ICO is taking place to fund the development of the Virtual Accelerator platform and possibly to fund other hackathons, i think
Funds raised from the sale of HKG will go towards the running of the Virtual Accelerator. There will be hackathons (or incubation periods) happening on a continuous basis, with the next event likely in May 2017.
We want to bring the biggest audience possible to the platform, and will be working to market it outside to a wider community. To establish an infrastructure that can work across different verticals, focusing on specific territories with specific needs. We have plans for partnerships, integrations with other platforms and ways in which to provide startups teams with ongoing support once they launch.
We have big ambition for the Virtual Accelerator. The size of the sale will determine what it is that we do and time it takes us to do it.
4. I still do not understand the concept behind the project, can someone with better understanding please explain the gap they are trying to fill
We believe the Virtual Accelerator is something that is sorely needed. A platform that will continually push the whole space forward by allowing great ideas to flourish and tangible products to be created. We currently have almost 1200 hackers signed up to work through some 300 ideas. That’s just the first hackathon. The potential in the community really is awe inspiring.
I hope this covers most questions and I thank you all for your interest in our project.
1. 4 million ETH is more than $40 million at the present valuation
We’re not, and can’t be more clear on that.
We considered the pros and cons for capping the sale of HKG. Our issue with a cap has always been that this will limit the distribution of the token and by limiting participation undermine the ability of the community to identify the best ideas.
So rather than set a cap, we wanted to leave it up to the market to decide what the value of the sale would be. To be honest we were not anticipating a particularly large initial sale.
However, at the same time, there is always the possibility that things can run out of control, so after feedback from the community we subsequently decided to put a safety cap in place. The figure of 4 Million Ether was chosen only from a perspective of protecting the network. It was never intended to be a target or goal, although it appears that a vocal section of the community is taking it like that. We understand and respect why people have come to this conclusion, and again we apologise for the misunderstanding.
Please also consider that Hacker Gold will be on sale for a 9 week period, the last 5 weeks of which will be the hackathon itself. The platform will be there for everyone to see and evaluate. Nobody has to make a choice on the first day.
2. Another ICO looking to make some money/coins Roll Eyes. I think the project is great, but why on earth do you guys need so much money?
We appreciate that you think our project is great
and hope the answer above covers your concern.3. What do u guys mean with "so much money" no actual value has been asked for has it? i think the 4M eth cap is for individual investors, not for the ICO itself. The ICO is taking place to fund the development of the Virtual Accelerator platform and possibly to fund other hackathons, i think
Funds raised from the sale of HKG will go towards the running of the Virtual Accelerator. There will be hackathons (or incubation periods) happening on a continuous basis, with the next event likely in May 2017.
We want to bring the biggest audience possible to the platform, and will be working to market it outside to a wider community. To establish an infrastructure that can work across different verticals, focusing on specific territories with specific needs. We have plans for partnerships, integrations with other platforms and ways in which to provide startups teams with ongoing support once they launch.
We have big ambition for the Virtual Accelerator. The size of the sale will determine what it is that we do and time it takes us to do it.
4. I still do not understand the concept behind the project, can someone with better understanding please explain the gap they are trying to fill
We believe the Virtual Accelerator is something that is sorely needed. A platform that will continually push the whole space forward by allowing great ideas to flourish and tangible products to be created. We currently have almost 1200 hackers signed up to work through some 300 ideas. That’s just the first hackathon. The potential in the community really is awe inspiring.
I hope this covers most questions and I thank you all for your interest in our project.
very interesting
OK guys, thanks for all the comments. I'll try address all of them.
1. 4 million ETH is more than $40 million at the present valuation
We’re not, and can’t be more clear on that.
We considered the pros and cons for capping the sale of HKG. Our issue with a cap has always been that this will limit the distribution of the token and by limiting participation undermine the ability of the community to identify the best ideas.
So rather than set a cap, we wanted to leave it up to the market to decide what the value of the sale would be. To be honest we were not anticipating a particularly large initial sale.
However, at the same time, there is always the possibility that things can run out of control, so after feedback from the community we subsequently decided to put a safety cap in place. The figure of 4 Million Ether was chosen only from a perspective of protecting the network. It was never intended to be a target or goal, although it appears that a vocal section of the community is taking it like that. We understand and respect why people have come to this conclusion, and again we apologise for the misunderstanding.
Please also consider that Hacker Gold will be on sale for a 9 week period, the last 5 weeks of which will be the hackathon itself. The platform will be there for everyone to see and evaluate. Nobody has to make a choice on the first day.
2. Another ICO looking to make some money/coins Roll Eyes. I think the project is great, but why on earth do you guys need so much money?
We appreciate that you think our project is great and hope the answer above covers your concern.
3. What do u guys mean with "so much money" no actual value has been asked for has it? i think the 4M eth cap is for individual investors, not for the ICO itself. The ICO is taking place to fund the development of the Virtual Accelerator platform and possibly to fund other hackathons, i think
Funds raised from the sale of HKG will go towards the running of the Virtual Accelerator. There will be hackathons (or incubation periods) happening on a continuous basis, with the next event likely in May 2017.
We want to bring the biggest audience possible to the platform, and will be working to market it outside to a wider community. To establish an infrastructure that can work across different verticals, focusing on specific territories with specific needs. We have plans for partnerships, integrations with other platforms and ways in which to provide startups teams with ongoing support once they launch.
We have big ambition for the Virtual Accelerator. The size of the sale will determine what it is that we do and time it takes us to do it.
4. I still do not understand the concept behind the project, can someone with better understanding please explain the gap they are trying to fill
We believe the Virtual Accelerator is something that is sorely needed. A platform that will continually push the whole space forward by allowing great ideas to flourish and tangible products to be created. We currently have almost 1200 hackers signed up to work through some 300 ideas. That’s just the first hackathon. The potential in the community really is awe inspiring.
I hope this covers most questions and I thank you all for your interest in our project.
1. 4 million ETH is more than $40 million at the present valuation
We’re not, and can’t be more clear on that.
We considered the pros and cons for capping the sale of HKG. Our issue with a cap has always been that this will limit the distribution of the token and by limiting participation undermine the ability of the community to identify the best ideas.
So rather than set a cap, we wanted to leave it up to the market to decide what the value of the sale would be. To be honest we were not anticipating a particularly large initial sale.
However, at the same time, there is always the possibility that things can run out of control, so after feedback from the community we subsequently decided to put a safety cap in place. The figure of 4 Million Ether was chosen only from a perspective of protecting the network. It was never intended to be a target or goal, although it appears that a vocal section of the community is taking it like that. We understand and respect why people have come to this conclusion, and again we apologise for the misunderstanding.
Please also consider that Hacker Gold will be on sale for a 9 week period, the last 5 weeks of which will be the hackathon itself. The platform will be there for everyone to see and evaluate. Nobody has to make a choice on the first day.
2. Another ICO looking to make some money/coins Roll Eyes. I think the project is great, but why on earth do you guys need so much money?
We appreciate that you think our project is great
and hope the answer above covers your concern.3. What do u guys mean with "so much money" no actual value has been asked for has it? i think the 4M eth cap is for individual investors, not for the ICO itself. The ICO is taking place to fund the development of the Virtual Accelerator platform and possibly to fund other hackathons, i think
Funds raised from the sale of HKG will go towards the running of the Virtual Accelerator. There will be hackathons (or incubation periods) happening on a continuous basis, with the next event likely in May 2017.
We want to bring the biggest audience possible to the platform, and will be working to market it outside to a wider community. To establish an infrastructure that can work across different verticals, focusing on specific territories with specific needs. We have plans for partnerships, integrations with other platforms and ways in which to provide startups teams with ongoing support once they launch.
We have big ambition for the Virtual Accelerator. The size of the sale will determine what it is that we do and time it takes us to do it.
4. I still do not understand the concept behind the project, can someone with better understanding please explain the gap they are trying to fill
We believe the Virtual Accelerator is something that is sorely needed. A platform that will continually push the whole space forward by allowing great ideas to flourish and tangible products to be created. We currently have almost 1200 hackers signed up to work through some 300 ideas. That’s just the first hackathon. The potential in the community really is awe inspiring.
I hope this covers most questions and I thank you all for your interest in our project.
I still do not understand the concept behind the project, can someone with better understanding please explain the gap they are trying to fill
Hmm, I might have misunderstood it.
i may have misunderstood it aswell, but i think that the safety cap is for individual investors. Steve will know the answer, i guess
Another ICO looking to make some money/coins 
I think the project is great, but why on earth do you guys need so much money?
I think the project is great, but why on earth do you guys need so much money?
Have to agree with this. Can't see the need for that much money.
what do u guys mean with "so much money" no actual value has been asked for has it? i think the 4M eth cap is for individual investors, not for the ICO itself. The ICO is taking place to fund the development of the Virtual Accelerator platform and possibly to fund other hackathons, i think
Hmm, I might have misunderstood it.
Another ICO looking to make some money/coins
I think the project is great, but why on earth do you guys need so much money?
I think the project is great, but why on earth do you guys need so much money?
Have to agree with this. Can't see the need for that much money.
what do u guys mean with "so much money" no actual value has been asked for has it? i think the 4M eth cap is for individual investors, not for the ICO itself. The ICO is taking place to fund the development of the Virtual Accelerator platform and possibly to fund other hackathons, i think
Another ICO looking to make some money/coins
I think the project is great, but why on earth do you guys need so much money?
I think the project is great, but why on earth do you guys need so much money?
Have to agree with this. Can't see the need for that much money.
Another ICO looking to make some money/coins
I think the project is great, but why on earth do you guys need so much money?
I think the project is great, but why on earth do you guys need so much money?
EtherCamp announces crowdsale for Hacker Gold Token on IBTimes
http://www.ibtimes.co.uk/ethercamp-announces-crowdsale-hacker-gold-token-1585742
http://www.ibtimes.co.uk/ethercamp-announces-crowdsale-hacker-gold-token-1585742
Nice one on IBTimes. this is good coverage.
Sounds like the right thing to do by putting a cap to 4 million Eth.
Looking forward to see how it goes! Hope the cap is enough for everyone interested to contribute.
Take my money already!
Looking forward to see how it goes! Hope the cap is enough for everyone interested to contribute.
Take my money already!
4 million ETH is more than $40 million at the present valuation
any bounties?
100% tokens go to the investors, so i would say no
any bounties?
Our hackathon welcomes developers and fans... What type of fan are you?
Added interview with Jack du Rose https://www.youtube.com/watch?v=FuvRF_1neZ0
Added interview with Susanne Tarkowski Tempelhof https://www.youtube.com/watch?v=9rL0G8Z3V7U
Jump to: