Topic: [ANN] (QTUM) - A Scalable Smart Contract Platform w/ Proof of Stake - page 212. (Read 525530 times)
March 13, 2017, 05:55:46 AM
Was eager to participate in qtum ICO but have now changed my mind because of all the accussations put against Qtum devs and their failure to satisfactorily counter them.
March 13, 2017, 05:55:21 AM
March 13, 2017, 04:44:40 AM
Qtum Crowdsale Details:
From https://qtum.org/en/crowdsale
Qtum Crowdsale Details
1. What is the Qtum Token (QTUM)?
2. What is the total QTUM supply and initial distribution?
3. When does the Crowdsale take place?
4. What crypto-currencies are accepted in the crowdsale?
5. What is the price of Qtum tokens? What bonuses can I receive?
6. How can I participate?
7. How are the funds secured?
What is Qtum?
1. What is the Qtum Token (QTUM)?
QTUMs are cryptographic software tokens used to engage with distributed applications (“dApps”) and smart contracts on the Qtum platform. QTUMs will serve as the staking currency of the Qtum blockchain and fuel computational operations performed by the Qtum network.
2. What is the total QTUM supply and initial distribution?
With the setting of Qtum’s Genesis Block, one hundred million (100,000,000) QTUMs will be created as Qtum’s total token supply, on top of which ~1% annual Proof of Stake (PoS) inflation will be added.
The QTUM token supply will be allocated as follows:
51% of Qtum tokens (51,000,000) will be distributed through the crowdsale
51 million QTUMs will be available for acquisition during the crowdsale. The funds raised this way will be used to bankroll the operations of the Qtum Foundation for the next four years. This includes development, administration, marketing, financial and legal consultancy, etc. Remaining, unsold tokens from the crowdsale budget will be sold privately to institutional investors.
20% of Qtum tokens (20,000,000 QTUM) will be distributed among founders, early backers and the development team
Founders, early backers and the development team are rewarded with Qtum tokens for their efforts, resources, and technologies contributed to the development of the Qtum blockchain.
7% - 8% of (Deducted from the 20% above) Qtum tokens will be allocated to early backers and investors.
Qtum received over 1 million US dollars from 32 early investors, including a host of notable blockchain entrepreneurs (see below). Additional early investors will be disclosed at a later stage.
Anthony Di Iorio, Co-founder of Ethereum and CEO at JAXX Wallet
Roger Ver, World’s first major investor in bitcoin startups
Weixing Chen, Founder of Kuaidi
Jeremy Gardner, Co-founder of Augur EIR at Blockchain Capital
David Lee Kuo Chuen, Founder of Left Coast, Libai and Dlee Capital Management
Bo Shen, Fenbushi Capital managing partner
Jehan Chu, Jen Advisors Ethereum Hong Kong Meetup
Qingzhong Gao, Director of HuaWei Strategic Cooperation
Star Xu, CEO of OKCoin
Lihua Yi, Partner at ZhongWo Investment
Xiaolai Li, Chinese Angel Investor
12% - 13% of Qtum tokens will be allocated to founders and the development team.
29% of Qtum tokens (29,000,000 QTUM) will be allocated to community initiatives concerning business development, as well as academic research, education, and market expansion
During the next four years, the Qtum foundation will allocate 29% of the initial QTUM supply to third parties promoting the application and growth of the Qtum ecosystem. This budget will be held in publically viewable wallets and subjected to community scrutiny. Potential surpluses arising from this activity will be redistributed among Qtum token and stakeholders.
Business development (20%)
In order to incentivize the adoption of Qtum technology and to promote the development of early decentralized applications, 20% of the total initial QTUM supply will be dedicated to selected industries and projects. This includes funding of strategic planning, project support and coin swaps as detailed below.
- 10% - half of the business development fund (10,000,000 Qtum tokens) will be used to facilitate the adoption of the Qtum blockchain in ten selected industries such as financial services, supply chain management, social media, online gaming, Internet of Things (IoT) and so forth. Qtum will reward selected DApps developed on the Qtum blockchain in proportion to their actual user base.
- 10% - (10,000,000 Qtum tokens) will be used for the coin swaps. The Foundation will exchange Qtum tokens with crypto-tokens of other blockchain open source ecosystems, as well as app coins from dApps developed on the Qtum blockchain. The crypto-tokens and app coins acquired this way will be distributed among Qtum token and stakeholders.
Academic research, education, and market expansion (9%)
9% of Qtum’s initial token supply will be used to sponsor academic research, educational materials for developers, as well as promotion of Qtum technologies and contributions to open source communities. Some of the planned activities include:
- Establishing research labs in cooperation with high profile universities
- Creating tutorials and educational materials for Qtum developers
- Cooperation with other open source communities such as Linux, JavaScript, Docker, Php
- Events and conferences to raise the awareness of the Qtum technology and facilitate market adoption
3. When does the Crowdsale take place?
The Qtum Crowdsale will start at 12PM GMT (8pm Beijing), March 16th, 2017 and end at 12PM GMT, April 15th, 2017 (after 30 days) or when all 51 million Qtum tokens are sold.
4. What crypto-currencies are accepted in the crowdsale?
During the crowdsale QTUMs are sold against Bitcoin (BTC) and Ether (ETH).
5. What is the price of Qtum tokens? What bonuses can I receive?
The Qtum crowdsale includes four price tiers, lasting one week each, as well as an early bird bonus phase as detailed below (all times in GMT). QTUM price against ETH will be determined at sale start according to ETH/BTC market price.
6. How can I participate?
The Qtum Crowdsale will be facilitated on selected online crypto-currency exchanges and crowdfunding portals. You can participate via any of the following venues:
- Bizhongchou (bizhongchou.com)
- Yunbi (yunbi.com)
- ICOAGE (icoage.com)
- Allcoin (allcoin.com)
- ICO365 (ico365.com)
- BTC9 (btc9.com)
7. How are the funds secured?
All funds collected during this sale will be deposited in secured multi-sig wallets. Keys to said wallets will be held by several officers and executives of the Qtum Foundation, making it so that all outgoing transaction have to be verified by multiple parties.
For more information, please see these resources:
Qtum Whitepaper and Economy Paper:
https://qtum.org/en/white-papers
Qtum Videos:
Technical Overview Video: https://qtum.org/en/videos/qtum-technical-introduction-and-demonstration
Qtum GoMobile Video: https://qtum.org/en/videos/qtum-go-mobile-demo
Qtum "Defining The Blockchain Economy" video: https://qtum.org/en/videos/defining-the-blockchain-economy
Qtum @ Ethereum Development Conference, Paris: https://qtum.org/en/videos/qtum-presentation-at-edcon
Qtum More Information:
https://qtum.org/en/learn-more-about-qtum
March 13, 2017, 03:19:56 AM
So they are not hsoting the crowdsale on their website as an option?
Bull crap!
Bull crap!
Our Crowd Sale website did not have KYC and AML functionality, so we are now using only exchanges.
Translated: Angel Backers gave us a million dollars so that we can raise $30M so that we can preform the complicated task of marrying Bitcoin to Ethereum, but we can't embed a ten-dollar script on our website in implementing KYC and AML functionalities like other sites do because they're such simpletons, always taking the path of least resistance, where in this space our obtuse course of action is what Vitalik Buterin referred to as "signalling", setting off what we've witness in this thread of late a not-so quiet riot while we maestro Come On Feel The Noize.
Funny how Mark was with the old AllCoin and now the new AllCoin, eh? Hey, Mark, how's James Feng been doin' since he sold AllCoin for $85,040 USD (RMB400,000)?
Sure. And some people just want to make it clear to others that there are some additional not so obvious risks here.
Whitepapers are cool but are they still going to release some code before the ICO?
Whitepapers are cool but are they still going to release some code before the ICO?
We will provide a snapshot of the code 2 days before the Crowd Sale.
Translated: Normal people would say, "We will provide a snapshot of the code tomorrow." since the Crowdsale (one word is the general consensus) is in three days, but like everything else Team Qtum has relaid in this thread and abroad, the noisy way is the bestest way to relay abstracts.
We can't stop them pause or cancel ICO, but we can prevent them from raising more money, therefore keep telling people the truth is the priority.
I have this theory, they are going to buy into their won ICO and the sheep will see this and follow the herds. I read some where that if they failed to raised enough fund they will sell the tokens to institution , I was now asking myself why can't they do this first instead of coming to the public for funding
Could it be because ...
"We want gum! We want gum! We want gum!
... that, and they're US citizens? FWIW, it is Qtum's back-up plan.
March 13, 2017, 03:07:00 AM
We can't stop them pause or cancel ICO, but we can prevent them from raising more money, therefore keep telling people the truth is the priority.
I have this theory, they are going to buy into their won ICO and the sheep will see this and follow the herds. I read some where that if they failed to raised enough fund they will sell the tokens to institution , I was now asking myself why can't they do this first instead of coming to the public for funding
March 13, 2017, 02:46:49 AM
We can't stop them pause or cancel ICO, but we can prevent them from raising more money, therefore keep telling people the truth is the priority.
March 13, 2017, 02:44:11 AM
Sure. And some people just want to make it clear to others that there are some additional not so obvious risks here.
Whitepapers are cool but are they still going to release some code before the ICO?
Whitepapers are cool but are they still going to release some code before the ICO?
We will provide a snapshot of the code 2 days before the Crowd Sale.
March 13, 2017, 02:37:58 AM
This better not be an ICO...
If you need ICO, please visit https://www.allcoin.com/ March 13, 2017, 01:18:11 AM
So they are not hsoting the crowdsale on their website as an option?
Bull crap!
Bull crap!
Our Crowd Sale website did not have KYC and AML functionality, so we are now using only exchanges.
March 13, 2017, 12:56:14 AM
[]HOW TO STOP THESE SCAMMERS ?[/color][/b]
At this point, anyone who looses their money deserves what is coming to them. It really seems people need another lesson as if the previous ones have not been enough.
No need to participate this Crowdsale. it's a high risk project. until you can take the high risk
A Message From The Team:
As we near the March 16th opening of the Qtum Crowdsale, we’d like to take a moment and discuss what to expect over the coming period. First and foremost, this is a global initiative, but we anticipate most of the token sales to come from the Eastern market. On ground of regulatory requirements, our legal terms excludes US citizen from participating.
The nature of this industry is risky, it’s unregulated, and requires an enormous amount of knowledge in order to make meaningful purchasing decisions. The Qtum platform was never presented as a “get rich quick” scheme. Qtum's development plan spans over multiple years and adheres to a detailed roadmap and budget. If you have not read the whitepapers, or don’t understand the risks involved in this industry - do not participate. There are, as with every project of this kind, factors beyond our control at play; from government regulations, to Bitcoin price volatility, or other unknowns.
As many of you may have noticed, we have been managing expectations since we announced Qtum to the Western market in December. We have not made any attempt to sell hype, we didn’t even release details until right before the Crowdsale, simply because we didn’t want to undermine our core technological product with hysteria. We are positive that the technology Qtum presents asserts itself in the eyes of whom has the technological background to understand its novelty, if you don't feel this to be the case, we would advise to abstain from participating in the sale.
We’re confident about the Crowdsale. We have an amazing team of Angel Backers, some of whom will be helping a lot over the next few months. We will be working with multiple industry experts, partners, and PwC to shape the direction of the project right away. If there are unsold Qtum tokens after 30 days, they will be sold to institutions. Our team wants smart money, and we will not allow the project to be fueled by cheap attempts to increase the price of our tokens.
With this said, we look forward to the 16th and the following years.
The Qtum Team
As we near the March 16th opening of the Qtum Crowdsale, we’d like to take a moment and discuss what to expect over the coming period. First and foremost, this is a global initiative, but we anticipate most of the token sales to come from the Eastern market. On ground of regulatory requirements, our legal terms excludes US citizen from participating.
The nature of this industry is risky, it’s unregulated, and requires an enormous amount of knowledge in order to make meaningful purchasing decisions. The Qtum platform was never presented as a “get rich quick” scheme. Qtum's development plan spans over multiple years and adheres to a detailed roadmap and budget. If you have not read the whitepapers, or don’t understand the risks involved in this industry - do not participate. There are, as with every project of this kind, factors beyond our control at play; from government regulations, to Bitcoin price volatility, or other unknowns.
As many of you may have noticed, we have been managing expectations since we announced Qtum to the Western market in December. We have not made any attempt to sell hype, we didn’t even release details until right before the Crowdsale, simply because we didn’t want to undermine our core technological product with hysteria. We are positive that the technology Qtum presents asserts itself in the eyes of whom has the technological background to understand its novelty, if you don't feel this to be the case, we would advise to abstain from participating in the sale.
We’re confident about the Crowdsale. We have an amazing team of Angel Backers, some of whom will be helping a lot over the next few months. We will be working with multiple industry experts, partners, and PwC to shape the direction of the project right away. If there are unsold Qtum tokens after 30 days, they will be sold to institutions. Our team wants smart money, and we will not allow the project to be fueled by cheap attempts to increase the price of our tokens.
With this said, we look forward to the 16th and the following years.
The Qtum Team
[/quote]
If you have not read the whitepapers, or don’t understand the risks involved in this industry - do not participate.
March 13, 2017, 12:53:07 AM
HOW TO STOP THESE SCAMMERS ?
At this point, anyone who looses their money deserves what is coming to them. It really seems people need another lesson as if the previous ones have not been enough.
March 13, 2017, 12:52:22 AM
https://countingdownto.com/countdown-widgets/edit/qtum-crowdsale-countdown-clock
when will you announce the ETH price?
only 3 days left.
when will you announce the ETH price?
only 3 days left.
March 13, 2017, 12:47:02 AM
QUTUM IS A SCAM !!
THEY ARE QUOTING THE ANN , HIDING ALL THE COMMENTS !!!
PLEASE READ THIS!!!
SCAM SCAM SCAM
THEY ARE QUOTING THE ANN , HIDING ALL THE COMMENTS !!!
PLEASE READ THIS!!!
SCAM SCAM SCAM
great..do not participate.
March 13, 2017, 12:43:27 AM
Great info here! I spent the first 10 years of my career at PwC and still have quite a few contacts in the office. I have sent this URL, and will send others you think are relevant if you post here, to the brand and image group. They will get to the bottom of this very quickly and ensure no "scammy" use of their brand is taking place.
March 13, 2017, 12:39:32 AM
HOW TO STOP THESE SCAMMERS ?
March 13, 2017, 12:31:47 AM
The trolls overseer is back! too bad you can't invest glebby, i know you saved all your troll pay just for that 
Why is Jeremy Gardner, co-founder of Augur and EIR at Blockchain Capital, of which is based out of San Francisco, CA, allowed to invest but we mere mortals in the US heartland can not?
Did I miss the memo depicting Tim Draper succeeded in splitting California up into six sections and that it's no longer considered part of the US?
They are using wallet builders for making the coin 
"Then we paid ourselves a million dollars to just change a couple lines of code of Wallet Builders in creating the Qtum token. Then we clearly stated that US citizens couldn't invest in Qtum while at the same time we instructed them on exactly how to invest in Qtum so to bypass KYC regulations, all the while making it look like on paper that we're in compliance. We first stated that we're seeking $10M during our ICO, then upped it to $15M, but now it's at $30M. We had a meeting a few hours ago and decided the hell with it, next week we're stating that we're seeking $50M in funding, knowing full well that them US investors are gonna send us a $100M."
March 13, 2017, 12:31:29 AM
The trolls overseer is back! too bad you can't invest glebby, i know you saved all your troll pay just for that
Yeah...
March 13, 2017, 12:27:53 AM
QUTUM IS A SCAM !!
THEY ARE QUOTING THE ANN , HIDING ALL THE COMMENTS !!!
PLEASE READ THIS!!!
SCAM SCAM SCAM
THEY ARE QUOTING THE ANN , HIDING ALL THE COMMENTS !!!
PLEASE READ THIS!!!
SCAM SCAM SCAM
March 13, 2017, 12:24:09 AM
They are using wallet builders for making the coin
March 13, 2017, 12:21:33 AM
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