Topic: [ANN] Syscoin - Business on the Blockchain - LAUNCHED! - page 341. (Read 490242 times)
Please wait for Pre-sale post guys. We'll answer more questions then.
doesn't the money from the 5% presale also go to the devs, why the extra 2 %
Quote
PRESALE LAUNCH DATE: JULY 19th @ 12:00PM PST
Could the pre-sale start time be clarified?
Are we talking 12:00 Noon or 12:00 Midnight?
Good point. To clarify.
Pacific Daylight Time : 12:00 PM (12:00)
GMT (UTC) : 7:00 PM (19:00)
Hope this helps.
Could you please post IPO details before it starts?
1. IPO price
2. Limit for one account?
3. Limit by forum Activity?
Quote
PRESALE LAUNCH DATE: JULY 19th @ 12:00PM PST
Could the pre-sale start time be clarified?
Are we talking 12:00 Noon or 12:00 Midnight?
Good point. To clarify.
Pacific Daylight Time : 12:00 PM (12:00)
GMT (UTC) : 7:00 PM (19:00)
Hope this helps.
better make a countdown?
Quote
PRESALE LAUNCH DATE: JULY 19th @ 12:00PM PST
Could the pre-sale start time be clarified?
Are we talking 12:00 Noon or 12:00 Midnight?
Good point. To clarify.
Pacific Daylight Time : 12:00 PM (12:00)
GMT (UTC) : 7:00 PM (19:00)
Hope this helps.
Quote
PRESALE LAUNCH DATE: JULY 19th @ 12:00PM PST
Could the pre-sale start time be clarified?
Are we talking 12:00 Noon or 12:00 Midnight?
So 100 million- PRESALE
40 million- Devs
20 million- Bounties and others
Am I right??
40 million- Devs
20 million- Bounties and others
Am I right??
@syscoin - i really hope you guys will reconsider the IPO percentages.
for example, let's say there are 750 investors in the IPO let's also say there are 5 devs. these are very rough numbers, but look at the results:
5% / 750 = .0066
2% / 5 = .4
wow - that's 60 x more coins per dev than per investor, on average. really?? do we want "whale" devs? not a good idea.
for example, let's say there are 750 investors in the IPO let's also say there are 5 devs. these are very rough numbers, but look at the results:
5% / 750 = .0066
2% / 5 = .4
wow - that's 60 x more coins per dev than per investor, on average. really?? do we want "whale" devs? not a good idea.
How is 5% IPO determined? Some guys think it's too small for investors, miners will mine 92% but investors can just invest 5%, it seems it's not fair, and another thing is that mining will cost a lot of electricity and other sources.
why last minute with all the this mystery!! 
releasing vital information like this hour before crowd sale or even later is just fishy.... I like the idea of this project but things like max cap per investor, price per syscoin, IPO end date and of course whitepaper should have been available already !!! You must understand that since nobody has reviewed your whitepapers plus terms and conditions of IPO are incomplete this smells a bit fishy? Is there a reason why ? And if it is time related issue why not postpone the IPO ?
Regards
False accusations. It is good that all the details will be released at the start of the IPO. People have 3 weeks to go through all the details and make up their mind.
I'm not accusing anybody simply just pointing out that there are important questions to be answered.
So the IPO will last 3 weeks ?
will the presale info be posted in this ANN?
Yes! But so will our twitter @syscoin as well as our website at syscoin.org
I think this coin is just for miners since IPO percentage is just 5%, price will be dumped quickly by miners.
+1, 5% for the presale is too small. i think it should be increased up to 25%. Premine: 8% [5% Presale, 2% Devs, 1% Bounties and Rewards]
i expect there will be a lot of interest and so many "investors" - that's going to mean pretty small percentages i bet. so the devs might end up with very large relative percentages.
5% / large number of investors
2% / small number of devs
that may be fine, just pointing it out.
i expect there will be a lot of interest and so many "investors" - that's going to mean pretty small percentages i bet. so the devs might end up with very large relative percentages.
5% / large number of investors
2% / small number of devs
that may be fine, just pointing it out.
Premine: 8% [5% Presale, 2% Devs, 1% Bounties and Rewards]
i expect there will be a lot of interest and so many "investors" - that's going to mean pretty small percentages i bet. so the devs might end up with very large relative percentages.
5% / large number of investors
2% / small number of devs
that may be fine, just pointing it out.
i expect there will be a lot of interest and so many "investors" - that's going to mean pretty small percentages i bet. so the devs might end up with very large relative percentages.
5% / large number of investors
2% / small number of devs
that may be fine, just pointing it out.
I think this coin is just for miners since IPO percentage is just 5%, price will be dumped quickly by miners.
Yes, people should be avare of that. However IPO is great option for long term investors who do not mind price being dumped by miners for a little bit and who understand that there are always ups and downs. Also, IPO can make it easier to buy large amount of coins which might be harder on regular exchange. So if you are here for a long term investment (months, not days or weeks) you should go for IPO, but if you are for a quick buck, then you should stick to the exchange. It is important that people understand how it works, because we don't need IPO investors dumping at the start worried by the initial price. It takes time. Look at bitcoin - it went to 5 USD from 30 USD before it went to 600 USD levels. You have to understand that here case might be similar, so no worries.
So many IPOS...This one looks diffrent between others.Just wait and see other people's opnion
why last minute with all the this mystery!!
releasing vital information like this hour before crowd sale or even later is just fishy.... I like the idea of this project but things like max cap per investor, price per syscoin, IPO end date and of course whitepaper should have been available already !!! You must understand that since nobody has reviewed your whitepapers plus terms and conditions of IPO are incomplete this smells a bit fishy? Is there a reason why ? And if it is time related issue why not postpone the IPO ?
Regards
False accusations. It is good that all the details will be released at the start of the IPO. People have 3 weeks to go through all the details and make up their mind.
will the presale info be posted in this ANN?
why last minute with all the this mystery!!
releasing vital information like this hour before crowd sale or even later is just fishy.... I like the idea of this project but things like max cap per investor, price per syscoin, IPO end date and of course whitepaper should have been available already !!! You must understand that since nobody has reviewed your whitepapers plus terms and conditions of IPO are incomplete this smells a bit fishy? Is there a reason why ? And if it is time related issue why not postpone the IPO ?
Regards
I might have missed it but danosphere, how are you guys enabling smart contracts on your blockchain? Cause the whole certificate thing looks more like asset on next and not really a smart contract. Another query I had was, how do you stop people from issuing worthless certificate to bloat the blockchain?
Good question! "Smart Contracts" as interpreted in the vein of Nick Szabo would probably require leveraging multiple Syscoin services such as a certificate and an offer (offer's have the cost, quantity, and payment flow attached). In the demo video, we only show the certificates side of that (and an extremely rudimentary example at that). Based on my understanding (reading here) an offer would need to be combined with a cert to produce a "smart contract" like flow. I need to do more reading on this definition of smart contracts and then I can give a more thorough reply on how that relates to Syscoin, or if its something different entirely. Based on my initial reading it seems to be a combination of offers and certificates, but I do need to read more. The important part here is there is no central authority (a bank, a broker, a ticket reseller) enforcing or maintaing the certificate/contract and its provable ownership, the network facilitates that.
It is not the same thing as the NXT asset exchange. Our "offers" feature is "sort of" like the NXT assets (NXT assets are rather confusing imo - this doesn't look like something I can just buy), our offer implementation is more understandable from a normal user/marketplace perspective. Its like listing an item for sale. From what i understand of NXT asset exchange it has to do with shares of NXT (or something), the marketplace looks like a blog so its hard for me to determine what exactly is going on there. And I read their whitepaper and it wasn't the most informative so providing concrete comparisons to NXT I won't do- but i will read up more on the generally understood concept of crypto-smart-contracts and provide a better explanation of how Syscoin plays into that role.
Also as I mentioned earlier Syscoin is not a ground up rewrite like NXT. It takes well-reviewed codebases (Litecoin, Bitcoin, Namecoin) and combines their features and build on them.
Actually you can buy those shares (if you are interested in bithaus
):https://nxtblocks.info/#section/assets_exchange -> search for bithaus and you will find bids/offers.
The url you have posted is just a repository of the available assets in the market. Hence the blog like structure. Actual bids/offers are available via the nxt asset exchange or you can see them on the above site.
The nxt exchange is not really about nxt shares rather anyone can issue an asset (or certificate) with offers and let people set a market if they are interested in trading further.
That said, looking forward to a more in-depth reply, once you gone through the crypto smart contract concepts.
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