Topic: ⚡️⚡️[ANN] ⚡️⚡️ MinedBlock ⚡️⚡️ STO Live NOW⚡️⚡️ Fully Managed Mining Service ⚡️⚡ - page 76. (Read 8718 times)
February 16, 2019, 10:58:08 AM
Is the team or the project will adopt other crypto especially BTC and ETH as soon as possible? It is a low price right now.
February 16, 2019, 10:04:29 AM
There's been a few questions on here about paying $2 for KYC which, hopefully, we've explained but we have a little promotional offer in the final hours before the pre-sale starts:
As there are less than 24 hours until out pre-sale opens we've decided that the next 500 people to sign up and email [email protected] once registered will get their KYC check for free (excludes US/Canada Accredited Investor check)
To get involved:
1. Head over to our website to sign up www.minedblock.io
2. Complete KYC ($2 charge which will be reimbursed with our tokens at a discount)
3. Once whitelisted and the sale opens send POLY to the smart contract and receive our tokens straight away!
As there are less than 24 hours until out pre-sale opens we've decided that the next 500 people to sign up and email [email protected] once registered will get their KYC check for free (excludes US/Canada Accredited Investor check)
To get involved:
1. Head over to our website to sign up www.minedblock.io
2. Complete KYC ($2 charge which will be reimbursed with our tokens at a discount)
3. Once whitelisted and the sale opens send POLY to the smart contract and receive our tokens straight away!
That’s a great idea. I just signed up. I hope to be one of the lucky ones. $2 is a low bonus amount but I’ll take what I got. Success in your presale.
February 16, 2019, 06:44:08 AM
What drives the valuation of Minedblock tokens? Is it a utility token or do we earn a passive income simply by holding these tokens? These answers are going to determine the success of the token sale.
February 16, 2019, 06:34:58 AM
In the case that there is the clog in the wheels of the Ethereum VM or blockchain as a case study what's your plan if such a problem arises? what blockchain are you guys looking at switching to in the future??
Why do you think they need to switch to another blockchain? Sure, Ethereum had problems when Cryptokitties emerged but right now it's running smooth and easy so I don't see a reason to swap to another blockchain (create your own one). And the development at Ethereum is constantly ongoing to make it more scalable.
February 16, 2019, 02:28:48 AM
So their token won't be an ERC-20 one but an ERC-1404? Is this correct? I never heard of this before but it looks like this is the standard for security tokens? Can someone list the main differences between both ERC-20 and ERC-1404?
Our token will actually be an ST20 token issued using Polymath's network. Polymath have had a big input on how the ERC-1400 Security Token standards have been defined and the ST20 token will be upgraded to include any new standard features as and when they become the standard. It all runs on the Ethereum network with standard wallets that can support ERC-20 tokens
I heard of Polymath. It's good that you using such a security token issuing platform. But am I correct that the ST20 tokens are still tokens on the Ethereum network or are they on a separate blockchain?
Yes the tokens are still on the Ethereum blockchain, Polymath were of the view that there is no need to re-invent the wheel when there is a perfectly capable platform that they can use. They plan, I believe, to add other platforms in the future
The difference is in how the token works, security laws say we need to know who holds ourntokens so the tokens will only be transferable between registered wallets for example. The ST20 builds all of these features into the token contract
In the case that there is the clog in the wheels of the Ethereum VM or blockchain as a case study what's your plan if such a problem arises? what blockchain are you guys looking at switching to in the future??
February 15, 2019, 05:45:58 PM
Did somebody notice that Minedblocks tokens can be bought only using POLY? Why is it like this? Is it possible to buy using ETH or BTC in the first instance?
Just the poly tokens. I think they are trying to promote Polymath. It’s a great project which is undervalued, poly tokens is already responding with a little pump. I hope they come up with an option for Eth, USDT and BTC.
That’s going to be great. Although, there won’t be some benefits, lower token price or the bonus. Poly is listed on Binance, a stable exchange. Also, the team has put a tag on the rate of poly token. So you buy at a constant rate not affect by the market value of poly.
February 15, 2019, 05:02:29 PM
Did somebody notice that Minedblocks tokens can be bought only using POLY? Why is it like this? Is it possible to buy using ETH or BTC in the first instance?
Just the poly tokens. I think they are trying to promote Polymath. It’s a great project which is undervalued, poly tokens is already responding with a little pump. I hope they come up with an option for Eth, USDT and BTC.
February 15, 2019, 04:37:56 PM
Did somebody notice that Minedblocks tokens can be bought only using POLY? Why is it like this? Is it possible to buy using ETH or BTC in the first instance?
Me too noticed it. Instruction clearly says first buy POLY in binance and then send it to the erc20 wallet. Then you have to use metamask to buy the minedblock tokens. It means atleast I understood like Minedblock tokens can only be bought with POLY tokens.
Right. There are no partnerships, not that I know of. This is the first STO I could find on bitcointalk, at least the one with more investors showing interest and they decide to promote POLY. Shows they believe in the project. Btw I think polymath is a great project and a good option to Ethereum.
February 15, 2019, 04:17:36 PM
There's been a few questions on here about paying $2 for KYC which, hopefully, we've explained but we have a little promotional offer in the final hours before the pre-sale starts:
As there are less than 24 hours until out pre-sale opens we've decided that the next 500 people to sign up and email [email protected] once registered will get their KYC check for free (excludes US/Canada Accredited Investor check)
To get involved:
1. Head over to our website to sign up www.minedblock.io
2. Complete KYC ($2 charge which will be reimbursed with our tokens at a discount)
3. Once whitelisted and the sale opens send POLY to the smart contract and receive our tokens straight away!
As there are less than 24 hours until out pre-sale opens we've decided that the next 500 people to sign up and email [email protected] once registered will get their KYC check for free (excludes US/Canada Accredited Investor check)
To get involved:
1. Head over to our website to sign up www.minedblock.io
2. Complete KYC ($2 charge which will be reimbursed with our tokens at a discount)
3. Once whitelisted and the sale opens send POLY to the smart contract and receive our tokens straight away!
That’s a great idea. I just signed up. I hope to be one of the lucky ones. $2 is a low bonus amount but I’ll take what I got. Success in your presale.
February 15, 2019, 04:02:14 PM
What exactly is the softcap for Minedblock? And what would happen if the softcap isn't reached? Will the project then be cancelled and investors refunded?
February 15, 2019, 03:44:55 PM
Did somebody notice that Minedblocks tokens can be bought only using POLY? Why is it like this? Is it possible to buy using ETH or BTC in the first instance?
Me too noticed it. Instruction clearly says first buy POLY in binance and then send it to the erc20 wallet. Then you have to use metamask to buy the minedblock tokens. It means atleast I understood like Minedblock tokens can only be bought with POLY tokens.
The smart contract has been put in place to accept on POLY for the pre-sale for a couple of reasons:
1. As the first widely available STO running on Polymath we thought we would promote the alternative use of the POLY token to invest in STOs running on their platform.
2. To offer a discount to people who use poly. Our pre-sale price is $0.15 per token and currently on a 1:1 ratio of POLY to MBTX at a price of around $0.09 so a little over 33% discount.
If anyone would like to invest and feels really against using POLY we are able to mint tokens manually and can arrange a payment outside of the smart contract but the discount won’t be applied.
Also just to clarify, there is no partnership between Polymath and MinedBlock we are simply supporting their project through the launch of our own
February 15, 2019, 01:22:57 PM
Did somebody notice that Minedblocks tokens can be bought only using POLY? Why is it like this? Is it possible to buy using ETH or BTC in the first instance?
Me too noticed it. Instruction clearly says first buy POLY in binance and then send it to the erc20 wallet. Then you have to use metamask to buy the minedblock tokens. It means atleast I understood like Minedblock tokens can only be bought with POLY tokens.
February 15, 2019, 01:00:49 PM
Did somebody notice that Minedblocks tokens can be bought only using POLY? Why is it like this? Is it possible to buy using ETH or BTC in the first instance?
Me too noticed it. Instruction clearly says first buy POLY in binance and then send it to the erc20 wallet. Then you have to use metamask to buy the minedblock tokens. It means atleast I understood like Minedblock tokens can only be bought with POLY tokens.
February 15, 2019, 11:46:37 AM
Did somebody notice that Minedblocks tokens can be bought only using POLY? Why is it like this? Is it possible to buy using ETH or BTC in the first instance?
Me too noticed it. Instruction clearly says first buy POLY in binance and then send it to the erc20 wallet. Then you have to use metamask to buy the minedblock tokens. It means atleast I understood like Minedblock tokens can only be bought with POLY tokens.
February 15, 2019, 11:44:12 AM
Did somebody notice that Minedblocks tokens can be bought only using POLY? Why is it like this? Is it possible to buy using ETH or BTC in the first instance?
February 15, 2019, 10:58:21 AM
I was surprised by the relatively good rating on ICObench I think. I was a bit cautious here as I remember a similar project that turned out to be a scam. Will give this another look.
Were there already other mining projects that went the security token road and turned out to be a scam? Hard to believe because it isn't that easy to just disappear again when you have all your documents already checked by the SEC.
Because of that this project have high chance to more secessfull more than some projects like them. That's makes relieved to in.
February 15, 2019, 06:47:18 AM
I was surprised by the relatively good rating on ICObench I think. I was a bit cautious here as I remember a similar project that turned out to be a scam. Will give this another look.
Were there already other mining projects that went the security token road and turned out to be a scam? Hard to believe because it isn't that easy to just disappear again when you have all your documents already checked by the SEC.
February 15, 2019, 05:36:24 AM
I was surprised by the relatively good rating on ICObench I think. I was a bit cautious here as I remember a similar project that turned out to be a scam. Will give this another look.
February 15, 2019, 03:24:03 AM
STO projects have gained popularity and has already replaced the ICO model as a more secure investment and as they try to go past the legal uncertainties hurdle from SEC. it’s unfortunate that just a few people knows about these projects here on bitcointalk or other social media. They’re kinda buried with Tons of ICO projects. I think it’s a good time to give STO’s a private spot, starting here on Btt.
I wouldn't say just a few people know about STOs but ICOs are still very popular because it is what people has become accustomed to. With time STOs will become fully adopted just like altcoins after bitcoin.
we need more project to get the public to know more about STOs because as it stands right now the transition will take sometime before it stays
that means a lot of guys will have the required conviction to participate in cryptocurrency and we are going to start seeing lot of institutional investors
February 15, 2019, 01:33:58 AM
Why not factor the cost of KYC into the token rather than having investors pay for KYC? I know the FAQ says you are factoring KYC cost into discounts, but 50% discount is not unheard of in the industry. Paying for KYC just takes the loathsomeness of getting KYCed to a whole new level
A 50% discount? Well, that looks like giving tokens at no cost. Would the percentage bonus be much lower with a new phase of the token sale?
Just to clarify - the 50% discount is purely for tokens that we will distribute to reimburse the cost of KYC and Accredited checks.
So if you spend $2 on a KYC check we'll give you 30 MBTX at a price of $0.066 each instead of the $0.15 STO price.
If you spend $60 on an accredited investor check then we'll reimburse with 800 MBTX at a price of $0.075 each
The only other discount we are offering is during the pre-sale where we are running our raise only in POLY at a 1:1 ratio. Poly is currently fluctuating between $0.08 and $0.09. Our main sale will be 'pegged' to $0.15 and allow you to invest with POLY or ETH.
So you will have to pay $2 to get your KYC documents checked? Is this normal for an STO? Never had a project before that charged for this.
Wow! Same question I am asking myself. But I know a lot of people will pay to get this done. Still I don't still get what is the benefits of STO tokens. Are they better than utility tokens.
Jump to: