Topic: [ANN] Syscoin - Business on the Blockchain - LAUNCHED! - page 305. (Read 490241 times)

This will be added to the FAQ soon because I had to skim back a few pages to collect some replies I'd given, this thing moves fast!


8+ months, time commitment moving forward is as much time as we have outside of our normal day-job/lives and we are also on-boarding additional developers to supplement that capacity if/when needed.


If you check out the schedule here I think the values at the far right speak for themselves. Also keep in mind there is a 25btc limit per buyer in an attempt to insulate from an over-concentration of wealth leading to "massive dumps"




Delivery is verified by the Syscoin team similar to every other coin released in today's market. The code will be open source at launch so anyone can review it for additional verification; but the initial delivery testing and verification of the features is the responsibility of the Syscoin team. We will have demo videos of all of these features working before launch so people have a better understanding of them. No third parties are involved in verification as none were involved in forming the requirements. There is too much room for interpretation here. If investors had sent BTC prior to us implementing/writing a single line of code and provided a requirements spec-doc then this type of approach would be more feasible.

The Syscoin team has developed requirements stipulating concretely that all of these services are implemented directly on the blockchain- meaning everything is inherently decentralized and the coin can be merge mined (or regular mined) with the specs/schedule as advertised. Beyond that the design of the individual services themselves were developed in-house and as such will need to be tested/verified as functional by the team. We considered putting out a beta but the overhead of managing this would prevent the team from working on delivering things like the [additional] escrow feature by launch (currently being worked on).


Collected funds are being focused on several things, primarily building partnerships with large players in the crypto space (I mean companies, not whales). We're also going to be spending some of the collection on bounties, although not all of it as we do have a small amount of Syscoin for bounties as well. Then of course, future development; we're already trying to push additional features (2) into the coin prior to launch, on top of the 4 that are already completed. Outside of that we will hold much of the BTC for ongoing costs that we can't currently predict. We already have some deals in place that look to exercise the BTC we're collecting and the deals we're working on aren't cheap, but will ultimately take Syscoin to the next level. That being said nothing can be "guaranteed to increase value" in crypto as its a highly experimental field and as such we make no such claims.


Some aspects of what you're calling out could be implemented in Syscoin fairly quickly but we have other roadmap plans that supersede them in priority at the moment. Additionally we need to discuss our roadmap after escrow and reputation systems. Once we get past that feature set it seems like there isn't a strong call for one thing or another just yet so we we're going to focus on smart-contracts within Syscoin but things like prediction markets, futures and options are on the roadmap at the moment; doesn't mean they can't be added. Keep in mind the target demographic here is large financial markets, services and systems so we will be prioritizing features in that vein of development.


How can we implement a fully automated escrow (we're working on an agent-based escrow currently)? How can we implement smart contracts as is commonly understood in crypto on top of the Syscoin Certificates foundational structure? Which features will be the most heavily leveraged after launch and how will that possibly change the roadmap? ie: what if data storage is a the huge feature everyone uses instead of market or certificates? How would that change our strategy/would it?


Hope these answers satisfy your questions

i think showing aggregate amounts (total per email address / "wallet") would be useful to get a sense of the distribution.

Honestly, we're incredibly appreciative and humbled by what has been purchased via presale already. I think to say we were "expecting" any specific amount would be inaccurate as we just put in the time and work without any hard expectations. In retrospect we really could have screwed ourselves by doing that but I'm glad people are seeing the value in what Syscoin is bringing to the table.

The entire team is very excited to launch Syscoin and we think this will make big waves in due time. Just like businesses- coins don't go far without some operating budget+purpose+vision and Syscoin has all three. It doesn't hurt at all that Sycoin also has real market-differentiators to the table at launch. 

The total we are selling (UP TO 1500btc) attempts to recoup some of the costs for our time and other expenses incurred during development as well as projecting forward for future development costs, on-boarding additional developers, marketing, partners, etc.

Presale public ledger is now available! We may add some things to this, if people have requests pls shout em out!  

How much were you guys expecting. Or need to break even

Okay I'm in for 1 BTC.

Lets see where this goes.

Hoping for the best! 

If you overpaid, you will receive the appropriate amount of Syscoin for the total amount you sent, even if in the form you initial specified a different amount.

Also, we will have the portal for claiming physical rewards up after the coin-launch, we need to wait as many people are increasing their positions/purchases as the presale phase(s) close and the physical reward is based on your final, total position/purchase of presale SYS. We've got all the merchandise ready to ship!

Were both sent using the same email on the form? if so... yes you get both!


We will have our public ledger up in <2hrs! Apologies for the delay.


+1 and will add!


No just a ledger to show how many people have invested and at what amounts. This is helpful to see if there is a concentration of wealth (are there 4 investors all maxing out at 25btc? or are there many 0.1btc meaning better distribution?). These are legit questions and the ledger will be public in a <2hrs.


I am mainly a Java, Actionscript3, Javascript, HTML/CSS developer. I also do large scale project management during the day (and coding, and mentoring) and I am no stranger to C++. I also am very familiar with PHP, MySQL, Coldfusion, NodeJS, Apache, Linux, AWS and other environmental / development stack stuff like that.

Also I'm kinda a tech geek, love getting my hands dirty with new/cutting edge tech. That is why I am so involved in crypto this is really the future imo and will lead to major real-world changes. I have been playing around a lot with HTML5 constructs and all the awesome power is is bringing to the next revolution of the web too.

Well, we say do UP TO 1500BTC as you said.

From the OP

hi,

just a question popped in mind, your projected btc is 1500.
If you can only make up to 500btc by the end of last date, does that mean you will still distribute the whole 15% between these investors, or you will lower the percentage of this distribution?

thanks

Myself : Mainly c# these days.. Used to do a lot of assembly and c++, but was mainly for hardware coding. More high level stuff now and business/web related.

As for the others, I'll let them speak for themselves.

Which programming language do you use the most?

cpp?

In other news. the numbers seems to be picking up. 302.93863753 / 465 in phase 1 of the pre-sale.
Around 29 hours to go or so.

A simplistic block explorer will 100% be available at launch. A more feature rich one if time permits.
Moolah is working on a public ledger.

a huge project!but is too expensive

Does he mean block explorer? So this (and rich list?) would be available before IPO ends?

Thanks to both of you ,I think I have missed it.

This needs to be added to the FAQ

I have invested,and where can i find the invested list?

But you completely missed that 2 billion coins are to be mined in 86 years, don't you? First year will provide 58 million SYS. Second year - 45.6 million. And so on.