No escrow?
We understand that this may cause some users to be apprehensive in contributing to the crowdsale. Our team members have made their identities available in order to put real faces and names to the project.put them on the btt.
Topic: [ANN] Storjcoin X (SJCX) - A Coin for Decentralized Cloud Storage - page 44. (Read 400980 times)
July 20, 2014, 08:39:57 PM
put them on the btt.
July 20, 2014, 08:37:36 PM
We are taking most of the leftover coins and actually distributing them into the market for users to farm and get from the work they do. Users will use Driveminer to get these left over coins.
1) what do you mean by "distributing them into the market"? maybe my english isn't perfect and i understand it as "selling"2) will only investors be able to "mine" them using Driveminer?
3) can you tell me more about Driveminer? how does it work?
July 20, 2014, 08:31:06 PM
If you actually read the pitch on that pitch site, the idea is quite genius.
July 20, 2014, 08:06:23 PM
I am really interested and looking into sending some dough for the ipo next week. We have till August 18th correct for the ipo? Also any bounties going for translations of the OP and for coin blog posts? 
. I would love to promo this coin!
. I would love to promo this coin!We would love to chat with you about anything you can do for Storj! We will PM you our email.
As for translations, you can visit the Projects and Bounties board on our forums to see where you can help out!
July 20, 2014, 08:04:42 PM
as far as i understand dev wants to sell 70% of all coins for 9,800 BTC (~$6m) on crowdsale, leave 15% for yourself and another 15% for giveaways. you must be a fool if you are going to invest in.
We do not intend to reach 9,800 BTC. The main point of this crowdsale is to cover our costs up to this point along with providing funding for the future. The crowdsale will go to developer salaries (several people are working full time on this project), development of new protocols and applications, and marketing. The community pool and the developer pool are ways for outstanding community members to be rewarded for contributing to the project.A majority of altcoins released today have premines held completely by the developers. Storj changes this by allocating half of these funds to the community so that we, the developers, do not have all of the say.
if we suppose that you collected just 1k BTC then investors get just 1/10 of 70% and the rest goes to dev. heres simple math 70-7+15+15=93.
it means that dev holds 93% of all coins + $600,000 collected in crowdsale. just great LMAO!
plus, you are not a public person who we can trust. you don't even have whitepaper. this is probably scam.
verdict: no, thanks. pass.
If you read the Terms and Conditions, it will show that we (the developers) are not keeping the left over SJCX. That would be pointless as we would have no use for hundreds of thousands of coins.
We are taking most of the leftover coins and actually distributing them into the market for users to farm and get from the work they do. Users will use Driveminer to get these left over coins.
Yes we need funds to operate (all listed in the terms) but we are letting the users have access to the left over coins once the crowdsale is over.
In terms of our identity, those can all be found in the deck and our team members have disclosed their identity and pictures even. All of our emails are available if you would like to contact us directly, along with our phone numbers as well; just let us know if you would like them.
If you head over to the Storj forums or the subreddit, you will see that our head developer, Shawn Wilkinson is currently working on a revised white paper which will be published soon. The older one is available on the forums as well if you are interested but that one is slightly out of date.
Does that clear up some of your confusion?
July 20, 2014, 08:02:45 PM
I am really interested and looking into sending some dough for the ipo next week. We have till August 18th correct for the ipo? Also any bounties going for translations of the OP and for coin blog posts? . I would love to promo this coin!
. I would love to promo this coin! July 20, 2014, 07:59:33 PM
as far as i understand dev wants to sell 70% of all coins for 9,800 BTC (~$6m) on crowdsale, leave 15% for yourself and another 15% for giveaways. you must be a fool if you are going to invest in.
We do not intend to reach 9,800 BTC. The main point of this crowdsale is to cover our costs up to this point along with providing funding for the future. The crowdsale will go to developer salaries (several people are working full time on this project), development of new protocols and applications, and marketing. The community pool and the developer pool are ways for outstanding community members to be rewarded for contributing to the project.A majority of altcoins released today have premines held completely by the developers. Storj changes this by allocating half of these funds to the community so that we, the developers, do not have all of the say.
if we suppose that you collected just 1k BTC then investors get just 1/10 of 70% and the rest goes to dev. heres simple math 70-7+15+15=93.
it means that dev holds 93% of all coins + $600,000 collected in crowdsale. just great LMAO!
plus, you are not a public person who we can trust. you don't even have whitepaper. this is probably scam.
verdict: no, thanks. pass.
Is it true?
July 20, 2014, 07:51:02 PM
Now that's innovation !
July 20, 2014, 07:47:39 PM
As a crowdsale participant, one of the benefits is you will be able to get access to Metadisk (currently in its beta) and then to DriveMiner in the very near future.
Will access to Metadisk and DriveMiner betas be available before the end of the IPO, or after?
No escrow?
We understand that this may cause some users to be apprehensive in contributing to the crowdsale. Our team members have made their identities available in order to put real faces and names to the project.Where can i see that?
July 20, 2014, 07:46:08 PM
No escrow?
We understand that this may cause some users to be apprehensive in contributing to the crowdsale. Our team members have made their identities available in order to put real faces and names to the project.Where can i see that?
July 20, 2014, 07:43:15 PM
as far as i understand dev wants to sell 70% of all coins for 9,800 BTC (~$6m) on crowdsale, leave 15% for yourself and another 15% for giveaways. you must be a fool if you are going to invest in.
We do not intend to reach 9,800 BTC. The main point of this crowdsale is to cover our costs up to this point along with providing funding for the future. The crowdsale will go to developer salaries (several people are working full time on this project), development of new protocols and applications, and marketing. The community pool and the developer pool are ways for outstanding community members to be rewarded for contributing to the project.A majority of altcoins released today have premines held completely by the developers. Storj changes this by allocating half of these funds to the community so that we, the developers, do not have all of the say.
if we suppose that you collected just 1k BTC then investors get just 1/10 of 70% and the rest goes to dev. heres simple math 70-7+15+15=93.
it means that dev holds 93% of all coins + $600,000 collected in crowdsale. just great LMAO!
plus, you are not a public person who we can trust. you don't even have whitepaper. this is probably scam.
verdict: no, thanks. pass.
July 20, 2014, 07:34:21 PM
looks interesting... i may be in 
July 20, 2014, 07:32:54 PM
if you get 6 million dollars for this shit i will never use my computer again.
This is probably a good thing...
July 20, 2014, 07:23:49 PM
if you get 6 million dollars for this shit i will never use my computer again.
We're sorry to hear that you feel that way! We're always open for discussion if you have any concerns or issues to voice. Cheers! 
July 20, 2014, 07:15:24 PM
As a crowdsale participant, one of the benefits is you will be able to get access to Metadisk (currently in its beta) and then to DriveMiner in the very near future.
Will access to Metadisk and DriveMiner betas be available before the end of the IPO, or after?
July 20, 2014, 07:12:34 PM
How do I invest? Kind of lost here.
Thanks.
Thanks.
http://storj.io/crowdsale.html
It seems that link is not contained within the OP...
Thanks!
July 20, 2014, 06:50:22 PM
How do I invest? Kind of lost here.
Thanks.
Thanks.
http://storj.io/crowdsale.html
It seems that link is not contained within the OP...
July 20, 2014, 06:13:35 PM
How do I invest? Kind of lost here.
Thanks.
Thanks.
http://storj.io/crowdsale.html
It seems that link is not contained within the OP...
July 20, 2014, 06:07:19 PM
How do I invest? Kind of lost here.
Thanks.
Thanks.
July 20, 2014, 05:49:03 PM
i wont be able to join the crowdsale due to financial problems (aegis & cnl) would love to start mining this ealry however to make up for my losses ^^
We are sorry to hear about your situation. Considering the terms of the project, we cannot give access to someone who doesn't participate in the crowdsale because other will expect the same, thereby losing one of the main points of the crowdsale. Jump to: