Topic: 🚀[ANN] Nexium [NXC]- Beyond the Void: First blockchain RTS - page 143. (Read 227482 times)

You can define it as tokens (which is the correct term here) but it doesn't change the fact that it is traded on exchanges and should be treated as any other token/currency.

ICN is a token, do you see the dev team there holding 50% of the supply or any other token for that matter?

It is no currency, only trading on exchange make thinks not to a currency!!!
Or is Oil or Gold a Currency? It is also traded.

NXC are Tokens, the Currency is ETH.

So it is ok if Dev Team owns 50% of their own company.

It is a currency, it is traded on exchanges therefor it should be treated as any other currencies. I don't think other investors in GAME/BCY feel that way just because it is a game that they are developing.

This isn't a community currency, it is an app token for a game developed by a company. I think its fine for devs to own a large amount in a way that wouldn't be ok for a currency.

 Even if they didn't we are all totally in the hands of those same devs because it is their game and without the game the tokens have no value.

I would say, 2% like it and 98% does not like it...

yes and no

I can't more then agree with you guys, Dev's holding 50% is never positive :/ it makes it just more unsecure...

Not entirely true, in October they got alot of news cover in the Dutch media which caused the big hype over it, not because they finished development, I do not think Gulden is a good example.

But you are of course free to think so

Unless we get guarantee's from the devs that X amount of the funds will not be touched or moved into the market I still see it as a huge problem. Waiting for a repsonse to this.

No one touched for years because it was under development.

Big amounts holding on DEVS is in my opinion good. This make price stable and the dev will do his best to get more and more.

And that could be the reason why noone touched that coin for years aswell. It is not a good thing.

Yes, that would be a good solution.

Agreed, maybe they could lock a part up from that stash for lets say a year.

I think it is good if dev team hold 50%.

So only around 30mil are in weak hands ;-)

Price only can go up. Look Gulden, Gulden Dev is also holding 50% and Price is raising and raising...

So it means that the dev team got 30M of the total 66M, do you not see a problem with this? That is almost half the supply that could enter the market whenever you guys choose.

You should really rethink how that is done, it is way too much for anyone to feel comfortable to invest in NXC even for buying stuff ingame.

I guess Ive never seen other project keep that much for themselves other when it was a obvious scam so please fix this if you want NXC to be taken seriously.

I think it is ok when you got nothing... why u should? I think we find 10 other Persons to do your Job for free

I updated the thread with the ICO report.
About the 4 teammates: I (Manon) am not part of the founders because I began working on the project only last August. But I am working full time and spent a lot of energy trying to make things work, and the founders thought it was fair for me to be included in the Nexium share.
I have my spot on the team page: https://beyond-the-void.net/index.php/the-team/

There really isn't anything to adjust because Owner's share, Marketing share are fixed amounts while ICO share is a mix of Fixed and variable amounts.  The table on BtV website should have shown the details as they are important: 15% Marketing, 15% founder's share, 7% minimum ICO  (based on 110,000 Euro minimum funding requirement), and 63% burn or additional funding TBD in the future.  So the only unk nown was how much would be burned and how much additional funds would be raised.  The rest is pretty much set and cannot be changed.  The way it should have been read at that time is that 40.55% go to founders, 40.55% go to marketing, and 18.90% go to ICO investors.  After ICO completion, the final shares changed to 22.55%, for owner, 22.55% to marketing, 10.52% to minimum ICO requirement with a balance to additional funding of 44.38%.

I agree however that the original 40.55% to 4 founders (I can only see 3 on the website) is a lot, but that might be the reason why only half of the available ICO coins were sold.  Had there been a better balance between those percentages, I believe BtV would have been able to collect more funds.

Now we are at least aware than 22.55% of Nexiums are owned by 4 big whales.  I mean it could have been worse.  But I am sure that this might be a cause of concern for long term investors as we don't know when or how much anyone would dump.  However I doubt this will occur before the game launches and any such dump will be visible on the blockchain.

In regards to the marketing funds (22.55% as well), it all depends what time frame is used in their budget.  If it will be used within a year, then that will cause a major downward pressure on Nexium, but if those funds will be used during the course of 10 years, then there is no need for concern.  Also coinmarketcap doesn't show these funds on the market yet.  It would be great if BtV communicated to us the details of their marketing budget sometimes when it has been decided.

As a last note, I think that owner's share, or at least part of it, should have been included as a percentage of total ICO funds collected.  Also take note that the above percentages aren't accurate as I estimated 7 million Nexiums for 110,000 Euros.

Everyone really better buy? I think in 2017 the coin will make x25

Anyone wants to trade some Protonexium?  I buy.

Devs hold 50% of the supply after burning. Should their holdings count towards the new supply and not the old one...holding 50% of the supply is way too much. Their 30% should adjust on the new supply and the extra coins should be burnt also.