[ANN] ORA :: NXT 'monetary system' currency - page 52.

ownerbest

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Activity: 322

Merit: 250

Quote from: Kora on July 30, 2014, 12:04:29 AM

Quote from: Sebastien256 on July 29, 2014, 10:36:36 AM

@Kora, don't forget to announce the asset on the Nxt forum Asset Board stating the respective promoter of the asset.
https://nxtforum.org/assets-board/

Thanks for that suggestion! Darkhorse will be creating the ORA asset on the NXT AE sometime today probably. We could post something like this on the asset board:

ORA
Promoter(s)
Darkhorse, Mac Red, fragORA, nioccoin, Kora
What is it?
ORA is a leaderless, decentralised 'starfish' community software development project announced on May 22 2014. [INSERT NUMBER] people initially registered between June 24 - July 8 2014 for a FREE stake of [insert number] assets each.The remaining ORA assets were held in trust for later distribution to community members & future developers. ORA asset tokens are issued as bearer assets. Whoever controls the private keys for an amount of ORA asset tokens will be eligible to redeem an equivalent amount of ORA 'coins' if/when the ORA software and P2P network is completed. The asset issuer is unable to guarantee either the completion of the ORA software, or the exchange of ORA asset tokens into ORA coins. Please research the ORA project before purchasing ORA assets. The terms & conditions & date of the redemption will be finalised after community consultation.

Total assets: 1,000,000,000
For more details: http://ora.to
Issuing account: [insert darkhorse NXT address]
What percentage is being sold?
none
How many shares to be distributed?
1,000,000,000
What price will they be sold at?
100% of ORA is either given away FREE, or paid as bounties to community members
Nxtforum discussion

Other sites
http://ora.to
Nxt account used to issue assets
??
Asset ID
??
Ticker Symbol
ORA

I don't get it yet, do I miss sth? Ora should be distributed fairly. If each share is 166,000, 800 shares, so there are 0.14 billion almost.
How about the left Ora? More than 0.8 billion Ora will be used for marketing or bounties or dev team?
So, where is the fair distribution?

Kora

sr. member

Activity: 308

Merit: 250

Quote from: Sebastien256 on July 29, 2014, 10:36:36 AM

@Kora, don't forget to announce the asset on the Nxt forum Asset Board stating the respective promoter of the asset.
https://nxtforum.org/assets-board/

Thanks for that suggestion! Darkhorse will be creating the ORA asset on the NXT AE sometime today probably. We could post something like this on the asset board:

ORA
Promoter(s)
Darkhorse, Mac Red, fragORA, nioccoin, Kora
What is it?
ORA is a leaderless, decentralised 'starfish' community software development project announced on May 22 2014. [INSERT NUMBER] people initially registered between June 24 - July 8 2014 for a FREE stake of [insert number] assets each.The remaining ORA assets were held in trust for later distribution to community members & future developers. ORA asset tokens are issued as bearer assets. Whoever controls the private keys for an amount of ORA asset tokens will be eligible to redeem an equivalent amount of ORA 'coins' if/when the ORA software and P2P network is completed. The asset issuer is unable to guarantee either the completion of the ORA software, or the exchange of ORA asset tokens into ORA coins. Please research the ORA project before purchasing ORA assets. The terms & conditions & date of the redemption will be finalised after community consultation.

Total assets: 1,000,000,000
For more details: http://ora.to
Issuing account: [insert darkhorse NXT address]
What percentage is being sold?
none
How many shares to be distributed?
1,000,000,000
What price will they be sold at?
100% of ORA is either given away FREE, or paid as bounties to community members
Nxtforum discussion

Other sites
http://ora.to
Nxt account used to issue assets
??
Asset ID
??
Ticker Symbol
ORA

jshow5555

member

Activity: 66

Merit: 10

Quote from: Giorgia on July 29, 2014, 12:00:58 PM

many people ask the price
ok,i think the price maybe very low than you think
1.No wallt
2.community is not strong
3.qora's cap is low
also i want to say we have to change the rule
1.the left stake should distribution like this, 30% for reopen,30% for development(website, wallet, design,marketing.....).20% for giveaway,20% for a fund
2.copy the BTS code because BTS have a strong community and DPOS is better than POS QORA even not decide when to release the resources .ORA maybe the first BTS clone because BM will help us.
3.We also need marketing people to make people notice that ora is different

On the Bitshares front I agree, after all I am the one that suggesting it both in this thread and also on their forum.
This makes you suggestion for the left over stakes impossible though, as they (Bitshares) expect min 20% of all coins distributed to their supporters. Which is doable and there still will be a lot of left over free stakes for whatever Ora decides.

jshow5555

member

Activity: 66

Merit: 10

Quote from: poornamelessme on July 29, 2014, 12:02:23 PM

Quote from: jshow5555 on July 29, 2014, 11:49:43 AM

Actually it looks like I got the numbers wrong - see here https://bitcointalksearch.org/topic/m.8044522
1billion total coins for Ora.

50M to 1 Billion ... big difference.

And will there be one round of stakes, or two? Again, curious what we may be getting and max coins, but that seems difficult to figure out with the various numbers being thrown around. Probably useful for the devs to clear that up, just so when people start selling this they have an idea as to valuation.

Using Qora or Nem as a basis could make sense, assuming we know max coins + how many rounds of stakes there are.

Totally agree!

poornamelessme

hero member

Activity: 1204

Merit: 509

Quote from: jshow5555 on July 29, 2014, 11:49:43 AM

Actually it looks like I got the numbers wrong - see here https://bitcointalksearch.org/topic/m.8044522
1billion total coins for Ora.

50M to 1 Billion ... big difference.

And will there be one round of stakes, or two? Again, curious what we may be getting and max coins, but that seems difficult to figure out with the various numbers being thrown around. Probably useful for the devs to clear that up, just so when people start selling this they have an idea as to valuation.

Using Qora or Nem as a basis could make sense, assuming we know max coins + how many rounds of stakes there are.

Giorgia

full member

Activity: 122

Merit: 100

many people ask the price
ok,i think the price maybe very low than you think
1.No wallt
2.community is not strong
3.qora's cap is low
also i want to say we have to change the rule
1.the left stake should distribution like this, 30% for reopen,30% for development(website, wallet, design,marketing.....).20% for giveaway,20% for a fund
2.copy the BTS code because BTS have a strong community and DPOS is better than POS QORA even not decide when to release the resources .ORA maybe the first BTS clone because BM will help us.
3.We also need marketing people to make people notice that ora is different

Yuzu

sr. member

Activity: 368

Merit: 250

Quote from: Mac Red on July 29, 2014, 11:49:26 AM

Quote from: Yuzu on July 29, 2014, 11:32:17 AM

There isn't any way to get in on this now, is there? Sad

Well, just because the stakeholder list is closed doesn't mean you can't get on board.
1. Chances are registrations might open again sometime (this is still undecided).
2. Perhaps some people will dump, then you can grab some Ora that way.
3. There'll be bounties and donations.

So there's still all time in the world if you'd like to be a part of the project.

Thanks! I definitely want to be a part of this, so I'll stay tuned.

jshow5555

member

Activity: 66

Merit: 10

Quote from: poornamelessme on July 29, 2014, 11:40:37 AM

Quote from: jshow5555 on July 29, 2014, 11:26:12 AM

Quote from: ObscureBean on July 29, 2014, 10:31:47 AM

Quote from: Sebastien256 on July 29, 2014, 09:20:28 AM

what is the expected price at launch and two days after. Any guess?

I think in the long term 1000 sat is not impossible. It's a long shot but not impossible. Realistically, in the days/weeks following the launch, I think we should be very happy if we're able to maintain the value above 50 sat. That's taking into account dumping which will automatically ensue as soon as the price rises.
But let's wait and see, we'll only have an idea of the number of weak hands in our midst once trading is live.

That's pretty low, imho. Qora has 10 billion coins, Ora 50 million. For same capitalization it means 200x higher price. So about 4000 sat.
=> so I would expect a min of 1000 sat. to start with.

If it's 50M coins, that means each person is getting around 60K each (at 811 stakeholders)? I admit I'm a bit confused, as I'm seeing different numbers being thrown around.

1000 as a starting point seems fair figuring in capitalization. 1000-4000 is very possible then. Although we need to keep in mind dumpers. Then again, NEM did quite well and seemed to avoid cheap dumps.

Actually it looks like I got the numbers wrong - see here https://bitcointalksearch.org/topic/m.8044522
1billion total coins for Ora.

Mac Red

sr. member

Activity: 299

Merit: 252

Quote from: Yuzu on July 29, 2014, 11:32:17 AM

There isn't any way to get in on this now, is there? Sad

Well, just because the stakeholder list is closed doesn't mean you can't get on board.
1. Chances are registrations might open again sometime (this is still undecided).
2. Perhaps some people will dump, then you can grab some Ora that way.
3. There'll be bounties and donations.

So there's still all time in the world if you'd like to be a part of the project.

poornamelessme

hero member

Activity: 1204

Merit: 509

Quote from: jshow5555 on July 29, 2014, 11:26:12 AM

Quote from: ObscureBean on July 29, 2014, 10:31:47 AM

Quote from: Sebastien256 on July 29, 2014, 09:20:28 AM

what is the expected price at launch and two days after. Any guess?

I think in the long term 1000 sat is not impossible. It's a long shot but not impossible. Realistically, in the days/weeks following the launch, I think we should be very happy if we're able to maintain the value above 50 sat. That's taking into account dumping which will automatically ensue as soon as the price rises.
But let's wait and see, we'll only have an idea of the number of weak hands in our midst once trading is live.

That's pretty low, imho. Qora has 10 billion coins, Ora 50 million. For same capitalization it means 200x higher price. So about 4000 sat.
=> so I would expect a min of 1000 sat. to start with.

If it's 50M coins, that means each person is getting around 60K each (at 811 stakeholders)? I admit I'm a bit confused, as I'm seeing different numbers being thrown around.

1000 as a starting point seems fair figuring in capitalization. 1000-4000 is very possible then. Although we need to keep in mind dumpers. Then again, NEM did quite well and seemed to avoid cheap dumps.

Yuzu

sr. member

Activity: 368

Merit: 250

There isn't any way to get in on this now, is there? Sad

jshow5555

member

Activity: 66

Merit: 10

Quote from: ObscureBean on July 29, 2014, 10:31:47 AM

Quote from: Sebastien256 on July 29, 2014, 09:20:28 AM

what is the expected price at launch and two days after. Any guess?

I think in the long term 1000 sat is not impossible. It's a long shot but not impossible. Realistically, in the days/weeks following the launch, I think we should be very happy if we're able to maintain the value above 50 sat. That's taking into account dumping which will automatically ensue as soon as the price rises.
But let's wait and see, we'll only have an idea of the number of weak hands in our midst once trading is live.

That's pretty low, imho. Qora has 10 billion coins, Ora 50 million. For same capitalization it means 200x higher price. So about 4000 sat.
=> so I would expect a min of 1000 sat. to start with.

Sebastien256

hero member

Activity: 715

Merit: 500

@Kora, don't forget to announce the asset on the Nxt forum Asset Board stating the respective promoter of the asset.
https://nxtforum.org/assets-board/

ObscureBean

legendary

Activity: 1148

Merit: 1000

Quote from: Sebastien256 on July 29, 2014, 09:20:28 AM

what is the expected price at launch and two days after. Any guess?

I think in the long term 1000 sat is not impossible. It's a long shot but not impossible. Realistically, in the days/weeks following the launch, I think we should be very happy if we're able to maintain the value above 50 sat. That's taking into account dumping which will automatically ensue as soon as the price rises.
But let's wait and see, we'll only have an idea of the number of weak hands in our midst once trading is live.

Mac Red

sr. member

Activity: 299

Merit: 252

Since we're moving over to distribution phase the stakeholder list has been updated a final time. [Link]
In this update we've also removed all entries without a searchable or secured NXT address. I decided to give everyone some extra time to do this and now the time's up.

The final stakeholder count is 811!

poornamelessme

hero member

Activity: 1204

Merit: 509

Quote from: davien on July 29, 2014, 10:09:48 AM

How many coins per stake is each person getting again?

166,666

Well, to the person who was asking for a guess as to price, you could use qora as a basis, figure out proportions based on max coins for each coin, then just use qora's price per coin... and that's a guess.

Or use NEM as a yardstick and calculate it that way.

Topic: [ANN] ORA :: NXT 'monetary system' currency - page 52. (Read 181197 times)