How is the sale progressing? Can we check how much was collected?
Yes! Our portal shows the current progress: https://portal.thinkcoin.io/
We have currently raised $2.4m!
And what is the soft cap,how close are you?
Topic: [ANN - ICO] ThinkCoin: Peer to Peer Multi Asset Trading on the Blockchain - page 68. (Read 30566 times)
May 02, 2018, 03:09:36 AM
Yes! Our portal shows the current progress: https://portal.thinkcoin.io/
We have currently raised $2.4m!
And what is the soft cap,how close are you?
May 02, 2018, 02:15:33 AM
How is the sale progressing? Can we check how much was collected?
Yes! Our portal shows the current progress: https://portal.thinkcoin.io/
We have currently raised $2.4m!
May 02, 2018, 02:02:35 AM
As I was going a bit more through WP I noticed that you are mentioning Auctions of Digital Personas? Is that like some kind of auctions that will be set by AI? How will that work and what is that actually?
Yeah pretty good question.i don't understand how that will work and is everyone allowed to participate in auctions as there is mentioning of highest bidders and stuff
The auctions will be a utility available to Makers on the network to help facilitate and drive more efficient liquidity. The digital Persona aspects of TradeConnect will support not only the auction function but will also provide value to other participants on the network. We will expand on this topic and will provide more details soon.
May 02, 2018, 01:59:31 AM
Since all trading fees will be charged per transaction in TCO did you maybe consider like giving some minor welcome TCO bonus to people that join TradeConnect for like first 20-50 trades and that bonus TCO can be used only for trading fees like lots of exchanges nowadays do?
Thats ot bad idea at all,espeicially at the beginning,and people like free things
May 02, 2018, 01:38:49 AM
How is the sale progressing? Can we check how much was collected?
I am not sure that releasing such information is standard practice. It could impact sales (positively or negatively) and give a heads up to the potential competition. I don't think that's good business practice.
During public sale its pretty much standard practice,but yes,if sale is not going good,it might discourage others from joining.I personally prefer to be able to see how much ICO raised.
May 01, 2018, 04:42:17 PM
As I was going a bit more through WP I noticed that you are mentioning Auctions of Digital Personas? Is that like some kind of auctions that will be set by AI? How will that work and what is that actually?
Yeah pretty good question.i don't understand how that will work and is everyone allowed to participate in auctions as there is mentioning of highest bidders and stuff
May 01, 2018, 04:40:08 PM
Since all trading fees will be charged per transaction in TCO did you maybe consider like giving some minor welcome TCO bonus to people that join TradeConnect for like first 20-50 trades and that bonus TCO can be used only for trading fees like lots of exchanges nowadays do?
Now that's a good idea, to sort of incentivise the usage early on.
That's interesting, I did not know about that. Seems like everything is a bonus these days
This is like standard on almost all new exchanges these days.
May 01, 2018, 04:12:32 PM
Since all trading fees will be charged per transaction in TCO did you maybe consider like giving some minor welcome TCO bonus to people that join TradeConnect for like first 20-50 trades and that bonus TCO can be used only for trading fees like lots of exchanges nowadays do?
Now that's a good idea, to sort of incentivise the usage early on.
That's interesting, I did not know about that. Seems like everything is a bonus these days
May 01, 2018, 03:57:39 PM
How is the sale progressing? Can we check how much was collected?
I am not sure that releasing such information is standard practice. It could impact sales (positively or negatively) and give a heads up to the potential competition. I don't think that's good business practice.
May 01, 2018, 11:29:41 AM
Since all trading fees will be charged per transaction in TCO did you maybe consider like giving some minor welcome TCO bonus to people that join TradeConnect for like first 20-50 trades and that bonus TCO can be used only for trading fees like lots of exchanges nowadays do?
Now that's a good idea, to sort of incentivise the usage early on.
May 01, 2018, 11:17:36 AM
As I was going a bit more through WP I noticed that you are mentioning Auctions of Digital Personas? Is that like some kind of auctions that will be set by AI? How will that work and what is that actually?
May 01, 2018, 10:54:21 AM
Since all trading fees will be charged per transaction in TCO did you maybe consider like giving some minor welcome TCO bonus to people that join TradeConnect for like first 20-50 trades and that bonus TCO can be used only for trading fees like lots of exchanges nowadays do?
May 01, 2018, 10:47:35 AM
How is the sale progressing? Can we check how much was collected?
May 01, 2018, 02:56:57 AM
With ThinkCoin, all transactions will be checked on a blockchain, which means that settlements can be completed in seconds, not days. And also of course it will be safe
Is ti going to be problem if there is too many transactions?It it going to slow things down?
The more transactions there is the more load on the network and infrastructure, but hopefully that partnership with 0Chain means that we won't experience these kind of problems as 0Chain is great addition that has been signed specifically to avoid slow transactions under a heavy load in future when lots of people will be using TradeConnect.
I still remember what those cryptokitties did,i sure hope that wont be problem in the future.
Yeah, cryptokitties were a real craze.No transactions were going through and there was like 16k pending transactions at the time. Scalability is big issue in general in crypto, but as I said it's good to see that TCO team is already thinking about it and partnered with 0chain to avoid those kind of situation hopefully
We use a hybrid blockchain system so we can handle many many transactions! You can learn more about it here: https://medium.com/thinkcointoken/a-hybrid-approach-to-blockchain-ea2bf6ade3b8
Great to hear that you are thinking about that,and that you have solution.
The medium is redirecting us to their website and whitepaper for more info, but can someone here write in short what would the benefits of a hybrid system be? thank you!
I second this notion for better clarification of the hybrid part - just in short what is it comprised of?
Just a reminder the article is there.
To put it in really simple terms, having the entire trading platform on the blockchain isn't feasible with where Ethereum is currently at. In the future it may be possible though. Think of it like this, every trade needs two separate smart contracts, one for the offer, and one for the person matching (with both needing to be mined on the Ethereum network). Scaled up to tens of thousands of contracts, it's too much load.
The hybrid approach solves this. All finalized trades are recorded to the blockchain, giving the security and immutability. Before trades are finalized, the system uses an offline blockchain, which can handle almost limitless trades.
By combining off and onchain we can get the best out of both systems, overcoming the scalibility limitations of Ethereum currently. With plasma that will likely change, and we may be able to move our entire platform on to the live Ethereum network.
We hope this helps! Any questions, please feel free to ask!
Thanks to team that jumps in just in time we can understand it a bit better : Limitless trades!!!
Very happy to hear that helps clarify! Is there anything else that you would like explained in more detail? We will be able to publish more articles on our medium!
May 01, 2018, 02:49:01 AM
What is the current percentage bonus,at this stage of sale?
The pre-ICO has a 22% bonus and will last till the 14th May. You can find more infromation including how much we've raised so far on our portal! https://portal.thinkcoin.io/
May 01, 2018, 02:32:17 AM
Selecting a good purpose is an advantage for the project. The issue of commission fees for third parties was deleted by the project. To compete with other projects for the same purpose, I think the safety factor and connection fees need to be clear. Users always choose the safe and economic elements to use in their transactions. The greater the competition, the greater the value of the project and the wider market, and the more prosperous the project is in the future.
May 01, 2018, 02:28:21 AM
What is the current percentage bonus,at this stage of sale?
May 01, 2018, 02:17:23 AM
I believe that this project has a good program and I am also participating in the overall success of the think coin project, and I'm sure if thinkcoin will have a huge role in the future, by joining and investing in this project, we will have a great opportunity to gain multiple benefits
Nicely said,Thinkcoin is great investing opportunity for sure.Hype is real!
May 01, 2018, 02:14:27 AM
With ThinkCoin, all transactions will be checked on a blockchain, which means that settlements can be completed in seconds, not days. And also of course it will be safe
Is ti going to be problem if there is too many transactions?It it going to slow things down?
The more transactions there is the more load on the network and infrastructure, but hopefully that partnership with 0Chain means that we won't experience these kind of problems as 0Chain is great addition that has been signed specifically to avoid slow transactions under a heavy load in future when lots of people will be using TradeConnect.
I still remember what those cryptokitties did,i sure hope that wont be problem in the future.
Yeah, cryptokitties were a real craze.No transactions were going through and there was like 16k pending transactions at the time. Scalability is big issue in general in crypto, but as I said it's good to see that TCO team is already thinking about it and partnered with 0chain to avoid those kind of situation hopefully
We use a hybrid blockchain system so we can handle many many transactions! You can learn more about it here: https://medium.com/thinkcointoken/a-hybrid-approach-to-blockchain-ea2bf6ade3b8
Great to hear that you are thinking about that,and that you have solution.
The medium is redirecting us to their website and whitepaper for more info, but can someone here write in short what would the benefits of a hybrid system be? thank you!
I second this notion for better clarification of the hybrid part - just in short what is it comprised of?
Just a reminder the article is there.
To put it in really simple terms, having the entire trading platform on the blockchain isn't feasible with where Ethereum is currently at. In the future it may be possible though. Think of it like this, every trade needs two separate smart contracts, one for the offer, and one for the person matching (with both needing to be mined on the Ethereum network). Scaled up to tens of thousands of contracts, it's too much load.
The hybrid approach solves this. All finalized trades are recorded to the blockchain, giving the security and immutability. Before trades are finalized, the system uses an offline blockchain, which can handle almost limitless trades.
By combining off and onchain we can get the best out of both systems, overcoming the scalibility limitations of Ethereum currently. With plasma that will likely change, and we may be able to move our entire platform on to the live Ethereum network.
We hope this helps! Any questions, please feel free to ask!
Thank you for sharing the explanation. It makes more sense to me now too
May 01, 2018, 02:04:29 AM
I see that there has been talk about Price Matching Persona and some confusion about it, so here is the article that explains a bit about Digital Persona and AI side of TradeConnect.
https://medium.com/thinkcointoken/digital-personas-694cd67e4369
https://medium.com/thinkcointoken/digital-personas-694cd67e4369
Thank you for sharing. I'm one of the more confused ones
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