[ANN] Spells of Genesis - Innovating the Game Economy with BitCrystals (BCY) - page 241.

hnin

hero member

Activity: 754

Merit: 510

EverdreamSoft Team

Quote from: jrmg on August 13, 2015, 10:13:21 PM

Quote from: hnin on August 13, 2015, 02:42:18 AM

BITCRYSTALS TOKEN SALE

PURCHASE BITCRYSTALS WITH XRP AND GET A RIPPLE CARD

RIPPLE CARD - LIMITED EDITION

RIPPLE CARD, playable as “Merchant Guild Ripple” is a blockchain-based trading card created by
EverdreamSoft, exclusively for Ripple. There is a limited stock of 500 RIPPLE CARDS and those
will be distributed to the BitCrystals Token Sale backers, purchasing BitCrystals with XRP, upon
certain conditions.

HOW TO GET A RIPPLE CARD

To get a card from this limited edition, you have to purchase BitCrystals in our Token Sale with XRP.
For an equivalent of 0.5 BTC (around 15 830 XRP), you will get one RIPPLE CARD, and another
one for each extra BTC (its equivalent in XRP).

IMPORTANT: While purchasing your BitCrystals, you have to put the promo code “BCYripple”!

ATTENTION: Limited supply!
Promotion applies on the purchases from now on, until the stock runs out.

JOIN THE BITCRYSTALS TOKEN SALE!

Why you don't have yet burn 500 card if there is only 500 card? I look and see 999 in one address and 1 in another. http://blockscan.com/address/1EewCNrN1oypSYZE81HBiqrjuhkLcz1qXR

Yes, we will burn 499 cards tomorrow!

jrmg

full member

Activity: 134

Merit: 100

Quote from: hnin on August 13, 2015, 02:42:18 AM

BITCRYSTALS TOKEN SALE

PURCHASE BITCRYSTALS WITH XRP AND GET A RIPPLE CARD

RIPPLE CARD - LIMITED EDITION

RIPPLE CARD, playable as “Merchant Guild Ripple” is a blockchain-based trading card created by
EverdreamSoft, exclusively for Ripple. There is a limited stock of 500 RIPPLE CARDS and those
will be distributed to the BitCrystals Token Sale backers, purchasing BitCrystals with XRP, upon
certain conditions.

HOW TO GET A RIPPLE CARD

To get a card from this limited edition, you have to purchase BitCrystals in our Token Sale with XRP.
For an equivalent of 0.5 BTC (around 15 830 XRP), you will get one RIPPLE CARD, and another
one for each extra BTC (its equivalent in XRP).

IMPORTANT: While purchasing your BitCrystals, you have to put the promo code “BCYripple”!

ATTENTION: Limited supply!
Promotion applies on the purchases from now on, until the stock runs out.

JOIN THE BITCRYSTALS TOKEN SALE!

Why you don't have yet burn 500 card if there is only 500 card? I look and see 999 in one address and 1 in another. http://blockscan.com/address/1EewCNrN1oypSYZE81HBiqrjuhkLcz1qXR

coin@coin

legendary

Activity: 1722

Merit: 1000

Quote from: jimbobway on August 13, 2015, 03:23:02 PM

Quote from: coin@coin on August 13, 2015, 01:49:22 PM

I think the reason given is pretty solid, I saw promo codes that give users from 2 to 5% extra BCY. Also don't forget they had a pre-sale to be taken out of the 70 million.
I wouldn't just assume things if I were you without any proof. The team seems to be pretty open to answering questions and stated everywhere they would sell some BCY in a pre-sale.

I waited for them to answer when it was first asked but they were silent on the issue. Because of this lack of communication it inherently gives cause to speculation.

Edit: It was originally asked on Aug 7th. So 6 days no response.

I understand, I'm not blaming you, just that with a sale going on there may be delays in answering, that was the 3rd day after the sale start. It was a bit mental, they raised quite a bit at that time.
Hopefully they'll be around more. Also on a Friday they are based in Switzerland and don't think they work at weekends. But got your point.

jimbobway

legendary

Activity: 1304

Merit: 1015

Quote from: coin@coin on August 13, 2015, 01:49:22 PM

I think the reason given is pretty solid, I saw promo codes that give users from 2 to 5% extra BCY. Also don't forget they had a pre-sale to be taken out of the 70 million.
I wouldn't just assume things if I were you without any proof. The team seems to be pretty open to answering questions and stated everywhere they would sell some BCY in a pre-sale.

I waited for them to answer when it was first asked but they were silent on the issue. Because of this lack of communication it inherently gives cause to speculation.

Edit: It was originally asked on Aug 7th. So 6 days no response.

coin@coin

legendary

Activity: 1722

Merit: 1000

Quote from: jimbobway on August 13, 2015, 01:25:36 PM

Quote from: DragoStefan on August 12, 2015, 01:47:49 PM

why are now only 60mil byc instead of the original 70mil?

It seems like that are making up rules as they go along. My guess is some investor, owner, developer or interested party wanted their cut so they made up a decision out of thin air to reallocate 10 million bitcrystals. If this is the case then it's a little shady because the sale already started and then they rewrote the rules. This means anyone who bought when it was 70 million could have their bitcrystals diluted. Why? Because any bitcrystal not sold was supposed to be burned. It's about a 10% dilution.

Since they bent the rules one cannot be certain if future decisions are set in stone.

I think the reason given is pretty solid, I saw promo codes that give users from 2 to 5% extra BCY. Also don't forget they had a pre-sale to be taken out of the 70 million.
I wouldn't just assume things if I were you without any proof. The team seems to be pretty open to answering questions and stated everywhere they would sell some BCY in a pre-sale.

jimbobway

legendary

Activity: 1304

Merit: 1015

Quote from: DragoStefan on August 12, 2015, 01:47:49 PM

why are now only 60mil byc instead of the original 70mil?

It seems like that are making up rules as they go along. My guess is some investor, owner, developer or interested party wanted their cut so they made up a decision out of thin air to reallocate 10 million bitcrystals. If this is the case then it's a little shady because the sale already started and then they rewrote the rules. This means anyone who bought when it was 70 million could have their bitcrystals diluted. Why? Because any bitcrystal not sold was supposed to be burned. It's about a 10% dilution.

Since they bent the rules one cannot be certain if future decisions are set in stone.

coin@coin

legendary

Activity: 1722

Merit: 1000

Quote from: eshriek on August 13, 2015, 10:58:00 AM

Quote from: hnin on August 13, 2015, 07:46:11 AM

Quote from: eshriek on August 13, 2015, 05:31:19 AM

Awesome project.
Very responsive.

<--snip>

Quote

To get a card from this limited edition, you have to purchase BitCrystals in our Token Sale with XRP.
For an equivalent of 0.5 BTC (around 15 830 XRP), you will get one RIPPLE CARD, and another
one for each extra BTC (its equivalent in XRP).

Why would someone spend twice the amount on the second card? Usually the first purchase is expensive and additional purchases get cheaper. Is there a downside if someone buys 3 cards at .5 btc each with separate accounts?

Thanks for an awesome experience so far.

This is not a proper cards sale, the ripple card is just another reward.
So basically if your main goal is to get more ripplecards for less money, you can purchase it several times, with different account. But if you use different accounts, your purchases won't be added and so you won't be able to get other rewards, available for higher or cummulated purchases.

Yes, I forgot about the player/partner rewards. Just for clarification, if you buy .5 btc of bitcrystals your reward would be the genesisblock card and the ripple card? This seems about right based on what I have paid for some other cards.

Also, do you plan to update the site when SATOSHICARD is out of stock?

Thanks again for the experience.
I am really starting to appreciate the complexity of this crowdfund.

Yes GENESISCARD for everyone eligible for Player Blue Reward but RIPPLECARD only if you buy 0.5 worth of BTC using Ripple and only for the first 500 people. Also need to use BCYripple promo code when submitting your order according to their post above. I guess they will be updating the site about the SATOSHICARD. They should when there are none left.

eshriek

member

Activity: 109

Merit: 10

Quote from: hnin on August 13, 2015, 07:46:11 AM

Quote from: eshriek on August 13, 2015, 05:31:19 AM

Awesome project.
Very responsive.

<--snip>

Quote

To get a card from this limited edition, you have to purchase BitCrystals in our Token Sale with XRP.
For an equivalent of 0.5 BTC (around 15 830 XRP), you will get one RIPPLE CARD, and another
one for each extra BTC (its equivalent in XRP).

Why would someone spend twice the amount on the second card? Usually the first purchase is expensive and additional purchases get cheaper. Is there a downside if someone buys 3 cards at .5 btc each with separate accounts?

Thanks for an awesome experience so far.

This is not a proper cards sale, the ripple card is just another reward.
So basically if your main goal is to get more ripplecards for less money, you can purchase it several times, with different account. But if you use different accounts, your purchases won't be added and so you won't be able to get other rewards, available for higher or cummulated purchases.

Yes, I forgot about the player/partner rewards. Just for clarification, if you buy .5 btc of bitcrystals your reward would be the genesisblock card and the ripple card? This seems about right based on what I have paid for some other cards.

Also, do you plan to update the site when SATOSHICARD is out of stock?

Thanks again for the experience.
I am really starting to appreciate the complexity of this crowdfund.

hnin

hero member

Activity: 754

Merit: 510

EverdreamSoft Team

Quote from: eshriek on August 13, 2015, 05:31:19 AM

Awesome project.
Very responsive.

A minor clarification:

"107 % Funded
780 BTC from 263 backers
81% BCY Remaining
$207246 raised at current rate"

$207246 USD is the total amount raised rather than the amount raised at the current rate.

Another question:

Quote

To get a card from this limited edition, you have to purchase BitCrystals in our Token Sale with XRP.
For an equivalent of 0.5 BTC (around 15 830 XRP), you will get one RIPPLE CARD, and another
one for each extra BTC (its equivalent in XRP).

Why would someone spend twice the amount on the second card? Usually the first purchase is expensive and additional purchases get cheaper. Is there a downside if someone buys 3 cards at .5 btc each with separate accounts?

Thanks for an awesome experience so far.

This is not a proper cards sale, the ripple card is just another reward.
So basically if your main goal is to get more ripplecards for less money, you can purchase it several times, with different account. But if you use different accounts, your purchases won't be added and so you won't be able to get other rewards, available for higher or cummulated purchases.

hnin

hero member

Activity: 754

Merit: 510

EverdreamSoft Team

Quote from: eshriek on August 13, 2015, 05:52:34 AM

Quote from: DragoStefan on August 12, 2015, 01:47:49 PM

why are now only 60mil byc instead of the original 70mil?

I am not associated with Spells of Genesis (other than being a big fan) but there are 100 million total. You can see the distribution here:
https://counterpartychain.io/asset/bitcrystals

My guess is that the bitcrystals page is just wrong. It has been on more than one occasion imho.

No, it is correct. There are two reasons -some BitCrystals were sold to early investors before the Token Sale start (This possibility is mentioned in the BCY distribution window on the sale page...) and, secondly, since we are launching several promotions, allowing people to get more BCY than they actually pay, we need to keep some BCY for this.

eshriek

member

Activity: 109

Merit: 10

Quote from: hnin on August 12, 2015, 10:08:20 AM

Quote from: threejs on August 12, 2015, 09:20:01 AM

Ok I looked at the diagram again and based on what I saw, it would seem like the burn rate would become less and less or would the burn rate stay the same but the price of bcy increases? It's the part where EDS sends the bitcrystals to Guttenberg to burn, then they issue new pack(s). Just curious

Hello,

I will try to reply to your questions.

There is a limited supply of BitCrystals (BCY), available only during a defined period - during the Token Sale right now. The price of BitCrystals increases every five days (the current rate is available till Friday, August 14th, 3pm Swiss Time). This is for the price.

Regarding the amount of BCY which will be burned: this will depend on the game items which will be purchased.
After the Token Sale, the game items (mainly the cards), will be available only for BCY. Every time a player purchase a card, we will receive a certain amount of BCY (the price of the card). From the total amount received from the player, we will keep 50% and send 50% to Gutenberg, which will burn them and send us the card that we will then send to the player (e.g. you want a card which costs 100 000 BCY, you purchase it and we'll recieve 100 000 BCY. We keep 50 000 and send 50 000 to Gutenberg. Gutenberg will burn the total amount of these 50 000 BCY and will issue the card, send us the card and we'll send it to you.)

I hope it's more clear, but don't hesitate to ask if not!

To my understanding (my 2 satoshis):
1. The burn rate will always be 50%.
2. The amount of BitCrystals in circulation will decrease over time due to burning.
3. The price of BitCrystals should fluctuate based on supply and demand (i.e, increase in value due to increasing scarcity).
4. The value of some (all?) items/cards will increase over time. There are schedules outlining when cards will increase in price.

eshriek

member

Activity: 109

Merit: 10

Quote from: DragoStefan on August 12, 2015, 01:47:49 PM

why are now only 60mil byc instead of the original 70mil?

I am not associated with Spells of Genesis (other than being a big fan) but there are 100 million total. You can see the distribution here:
https://counterpartychain.io/asset/bitcrystals

My guess is that the bitcrystals page is just wrong. It has been on more than one occasion imho.

eshriek

member

Activity: 109

Merit: 10

Awesome project.
Very responsive.

A minor clarification:

"107 % Funded
780 BTC from 263 backers
81% BCY Remaining
$207246 raised at current rate"

$207246 USD is the total amount raised rather than the amount raised at the current rate.

Another question:

Quote

To get a card from this limited edition, you have to purchase BitCrystals in our Token Sale with XRP.
For an equivalent of 0.5 BTC (around 15 830 XRP), you will get one RIPPLE CARD, and another
one for each extra BTC (its equivalent in XRP).

Why would someone spend twice the amount on the second card? Usually the first purchase is expensive and additional purchases get cheaper. Is there a downside if someone buys 3 cards at .5 btc each with separate accounts?

Thanks for an awesome experience so far.

hnin

hero member

Activity: 754

Merit: 510

EverdreamSoft Team

BITCRYSTALS TOKEN SALE

PURCHASE BITCRYSTALS WITH XRP AND GET A RIPPLE CARD

RIPPLE CARD - LIMITED EDITION

RIPPLE CARD, playable as “Merchant Guild Ripple” is a blockchain-based trading card created by
EverdreamSoft, exclusively for Ripple. There is a limited stock of 500 RIPPLE CARDS and those
will be distributed to the BitCrystals Token Sale backers, purchasing BitCrystals with XRP, upon
certain conditions.

HOW TO GET A RIPPLE CARD

To get a card from this limited edition, you have to purchase BitCrystals in our Token Sale with XRP.
For an equivalent of 0.5 BTC (around 15 830 XRP), you will get one RIPPLE CARD, and another
one for each extra BTC (its equivalent in XRP).

IMPORTANT: While purchasing your BitCrystals, you have to put the promo code “BCYripple”!

ATTENTION: Limited supply!
Promotion applies on the purchases from now on, until the stock runs out.

JOIN THE BITCRYSTALS TOKEN SALE!

threejs

newbie

Activity: 21

Merit: 0

Quote from: hnin on August 12, 2015, 10:08:20 AM

Quote from: threejs on August 12, 2015, 09:20:01 AM

Ok I looked at the diagram again and based on what I saw, it would seem like the burn rate would become less and less or would the burn rate stay the same but the price of bcy increases? It's the part where EDS sends the bitcrystals to Guttenberg to burn, then they issue new pack(s). Just curious

Hello,

I will try to reply to your questions.

There is a limited supply of BitCrystals (BCY), available only during a defined period - during the Token Sale right now. The price of BitCrystals increases every five days (the current rate is available till Friday, August 14th, 3pm Swiss Time). This is for the price.

Regarding the amount of BCY which will be burned: this will depend on the game items which will be purchased.
After the Token Sale, the game items (mainly the cards), will be available only for BCY. Every time a player purchase a card, we will receive a certain amount of BCY (the price of the card). From the total amount received from the player, we will keep 50% and send 50% to Gutenberg, which will burn them and send us the card that we will then send to the player (e.g. you want a card which costs 100 000 BCY, you purchase it and we'll recieve 100 000 BCY. We keep 50 000 and send 50 000 to Gutenberg. Gutenberg will burn the total amount of these 50 000 BCY and will issue the card, send us the card and we'll send it to you.)

I hope it's more clear, but don't hesitate to ask if not!

Thank you for taking the time to answer my question.

DragoStefan

full member

Activity: 230

Merit: 100

why are now only 60mil byc instead of the original 70mil?

hnin

hero member

Activity: 754

Merit: 510

EverdreamSoft Team

Quote from: threejs on August 12, 2015, 09:20:01 AM

Ok I looked at the diagram again and based on what I saw, it would seem like the burn rate would become less and less or would the burn rate stay the same but the price of bcy increases? It's the part where EDS sends the bitcrystals to Guttenberg to burn, then they issue new pack(s). Just curious

Hello,

I will try to reply to your questions.

There is a limited supply of BitCrystals (BCY), available only during a defined period - during the Token Sale right now. The price of BitCrystals increases every five days (the current rate is available till Friday, August 14th, 3pm Swiss Time). This is for the price.

Regarding the amount of BCY which will be burned: this will depend on the game items which will be purchased.
After the Token Sale, the game items (mainly the cards), will be available only for BCY. Every time a player purchase a card, we will receive a certain amount of BCY (the price of the card). From the total amount received from the player, we will keep 50% and send 50% to Gutenberg, which will burn them and send us the card that we will then send to the player (e.g. you want a card which costs 100 000 BCY, you purchase it and we'll recieve 100 000 BCY. We keep 50 000 and send 50 000 to Gutenberg. Gutenberg will burn the total amount of these 50 000 BCY and will issue the card, send us the card and we'll send it to you.)

I hope it's more clear, but don't hesitate to ask if not!

threejs

newbie

Activity: 21

Merit: 0

Ok I looked at the diagram again and based on what I saw, it would seem like the burn rate would become less and less or would the burn rate stay the same but the price of bcy increases? It's the part where EDS sends the bitcrystals to Guttenberg to burn, then they issue new pack(s). Just curious

threejs

newbie

Activity: 21

Merit: 0

I am still trying to figure out how this site works, so excuse me for quoting everyone else.

I purchased a few btc worth of bcy during the token sale. I don't really understand how bcy's are burned or how many ,estimated, will be burned during a given year. I like the idea of burning but when I read the process on your website I became a little confused. Thanks.

hnin

hero member

Activity: 754

Merit: 510

EverdreamSoft Team

BITCRYSTALS TOKEN SALE - OVER 100% FUNDED

EXTENDED GOALS DEFINED - GET MORE FEATURES!

OVER 100% OF THE INITIAL GOAL FUNDED IN 4 DAYS!

The first week of the BitCrystals Token Sale has passed so fast, and what an incredible week it was!
Thanks to the overwhelming support of our fans and their contributions,we have reached the initial
goal of our BitCrystals Token Sale within only 4 days!

EXTENDED GOALS

Since we still have a stock of BitCrytals (not even 12 000 000 BitCrystals from the total supply of
60 000 000 BitCrystal allocated to the Token Sale have been sold so far), the Token Sale goes on! The
initial goal having been funded, we defined several extended goals.

Learn more about SoG BitCrystals Token Sale extended goals!

HELP US REACH THE BITCRYSTALS TOKEN SALE EXTENDED GOALS!

Topic: [ANN] Spells of Genesis - Innovating the Game Economy with BitCrystals (BCY) - page 241. (Read 676687 times)