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Topic: [ANN] The Scarab Experiment (Official) - page 6. (Read 6754 times)

full member
Activity: 157
Merit: 100
March 16, 2017, 04:48:04 PM
#69
The price is already very high, it will continue to grow? From what it should grow, what is the point of buying and where can I sell it?

The price is not growing it's shrinking until the first Token is sold. See the sale of the first Token happening here: http://coinvend.io/scarab You will be able to sell The Scarab Tokens initially on the exchange, Counterparty DEX https://xcpdex.com/

The point of buying The Scarab Token is that you'll be able to participate in The Scarab Experiment by either creating art or by helping to promote the artist SCARAB. Everyone that has a Scarab Token is essentially a part of SCARAB. You can also buy The Scarab Tokens if you wish to simply speculate on the value.
full member
Activity: 157
Merit: 100
March 16, 2017, 04:41:14 PM
#68

Wow, what a great article, thanks for putting in the time to understand our project. Be sure to submit this on our bounty page to receive some Scarab Tokens. http://thescarabexperiment.org/bounty.html
sr. member
Activity: 314
Merit: 250
March 16, 2017, 04:31:06 PM
#67
The price is already very high, it will continue to grow? From what it should grow, what is the point of buying and where can I sell it?
hero member
Activity: 690
Merit: 505
Cryptorials.io
full member
Activity: 157
Merit: 100
March 16, 2017, 04:19:02 PM
#65
I didn't realize the price would go down so fast. How often does it reduce?

The reduction of price started quickly but then slows down as it gets lower. There are various streams of information which adjust the rate as time goes on, but looking at the chart it's now around to a .0001 btc every few hours. There will be an email sent out to all our email subscribers once the first Token is sold and sets the price.
full member
Activity: 157
Merit: 100
March 16, 2017, 04:12:39 PM
#64
Thanks for the answer.

Since there is no escrow for the money raised and you have not shared your real world identity, how can you reassure us that this isn't just a scam for you to take the money and run?

We have not hidden our identities and in some venues they have been shared, but for the most part the Core members would like to remain away from the spotlight to put the focus on the artist, Scarab. We have been working on this since 2014 and we have no intention of leaving this project or running away with any funds.

Each Scarab Token represents membership into the community for participation in voting and creating art. The cost of one token is still yet to be determined but it currently will be less than .009 BTC approx 11 EUR or 10 USD. We decided against an escrow because our best outcome is if each Token is owned individually, which limits the amount of risk one would assume by purchasing. If you wish to purchase many Scarab Tokens for potential profit gain that's an assumed risk that you have to take with virtually every cryptocurrency regardless of who they have as escrow or identify as their team members.



^let's see some of this artists' work "Scarab" is a masonic symbol ~ :-D

*why one token = 1btc im not seeing people buying this...zzz




It's not 1 btc = 1 Scarab, the auction for the first Scarab Token started at 1BTC and goes down until purchased. It's currently at .0081 BTC for the Token. You can see the current price here http://coinvend.io/scarab

Why the name Scarab?
In Egyptian the name for the Scarab is translated as hprr, meaning "rising from, come into being itself," close to the word hpr, wich means "to become, to change."*

*cited source: "ANCIENT EGYPT." McClung Museum - Egyptian Scarabs. N.p., n.d. Web. 01 Mar. 2014.


^have you even looked===>


==========================================================

The Scarab Token Vending machine.

A shared artist persona for anyone to become, learn more @ http://thescarabexperiment.org


The 1st Scarab Token is now available! The price starts with 1 Scarab Token for 1 Bitcoin, if it doesn't sell the price will automatically go lower until it does. Once it sells that will set the price for the rest of the Tokens and the rest of the 40,000 Tokens will then become available here.


=========================================================


where are you seeing .0081?


 Roll Eyes



You can see the CURRENT Cost @ http://coinvend.io/scarab The price has been dropping since it first became available on March 15th
hero member
Activity: 690
Merit: 505
Cryptorials.io
March 16, 2017, 04:08:18 PM
#63
I didn't realize the price would go down so fast. How often does it reduce?
hero member
Activity: 1834
Merit: 639
*Brute force will solve any Bitcoin problem*
March 16, 2017, 04:03:37 PM
#62
Thanks for the answer.

Since there is no escrow for the money raised and you have not shared your real world identity, how can you reassure us that this isn't just a scam for you to take the money and run?

We have not hidden our identities and in some venues they have been shared, but for the most part the Core members would like to remain away from the spotlight to put the focus on the artist, Scarab. We have been working on this since 2014 and we have no intention of leaving this project or running away with any funds.

Each Scarab Token represents membership into the community for participation in voting and creating art. The cost of one token is still yet to be determined but it currently will be less than .009 BTC approx 11 EUR or 10 USD. We decided against an escrow because our best outcome is if each Token is owned individually, which limits the amount of risk one would assume by purchasing. If you wish to purchase many Scarab Tokens for potential profit gain that's an assumed risk that you have to take with virtually every cryptocurrency regardless of who they have as escrow or identify as their team members.



^let's see some of this artists' work "Scarab" is a masonic symbol ~ :-D

*why one token = 1btc im not seeing people buying this...zzz




It's not 1 btc = 1 Scarab, the auction for the first Scarab Token started at 1BTC and goes down until purchased. It's currently at .0081 BTC for the Token. You can see the current price here http://coinvend.io/scarab

Why the name Scarab?
In Egyptian the name for the Scarab is translated as hprr, meaning "rising from, come into being itself," close to the word hpr, wich means "to become, to change."*

*cited source: "ANCIENT EGYPT." McClung Museum - Egyptian Scarabs. N.p., n.d. Web. 01 Mar. 2014.


^have you even looked===>


==========================================================

The Scarab Token Vending machine.

A shared artist persona for anyone to become, learn more @ http://thescarabexperiment.org


The 1st Scarab Token is now available! The price starts with 1 Scarab Token for 1 Bitcoin, if it doesn't sell the price will automatically go lower until it does. Once it sells that will set the price for the rest of the Tokens and the rest of the 40,000 Tokens will then become available here.


=========================================================


where are you seeing .0081?


 Roll Eyes

full member
Activity: 157
Merit: 100
March 16, 2017, 03:58:09 PM
#61
Thanks for the answer.

Since there is no escrow for the money raised and you have not shared your real world identity, how can you reassure us that this isn't just a scam for you to take the money and run?

We have not hidden our identities and in some venues they have been shared, but for the most part the Core members would like to remain away from the spotlight to put the focus on the artist, Scarab. We have been working on this since 2014 and we have no intention of leaving this project or running away with any funds.

Each Scarab Token represents membership into the community for participation in voting and creating art. The cost of one token is still yet to be determined but it currently will be less than .009 BTC approx 11 EUR or 10 USD. We decided against an escrow because our best outcome is if each Token is owned individually, which limits the amount of risk one would assume by purchasing. If you wish to purchase many Scarab Tokens for potential profit gain that's an assumed risk that you have to take with virtually every cryptocurrency regardless of who they have as escrow or identify as their team members.



^let's see some of this artists' work "Scarab" is a masonic symbol ~ :-D

*why one token = 1btc im not seeing people buying this...zzz




It's not 1 btc = 1 Scarab, the auction for the first Scarab Token started at 1BTC and goes down until purchased. It's currently at .0081 BTC for the Token. You can see the current price here http://coinvend.io/scarab

Why the name Scarab?
In Egyptian the name for the Scarab is translated as hprr, meaning "rising from, come into being itself," close to the word hpr, wich means "to become, to change."*

*cited source: "ANCIENT EGYPT." McClung Museum - Egyptian Scarabs. N.p., n.d. Web. 01 Mar. 2014.
hero member
Activity: 1834
Merit: 639
*Brute force will solve any Bitcoin problem*
March 16, 2017, 03:14:04 PM
#60
Thanks for the answer.

Since there is no escrow for the money raised and you have not shared your real world identity, how can you reassure us that this isn't just a scam for you to take the money and run?

We have not hidden our identities and in some venues they have been shared, but for the most part the Core members would like to remain away from the spotlight to put the focus on the artist, Scarab. We have been working on this since 2014 and we have no intention of leaving this project or running away with any funds.

Each Scarab Token represents membership into the community for participation in voting and creating art. The cost of one token is still yet to be determined but it currently will be less than .009 BTC approx 11 EUR or 10 USD. We decided against an escrow because our best outcome is if each Token is owned individually, which limits the amount of risk one would assume by purchasing. If you wish to purchase many Scarab Tokens for potential profit gain that's an assumed risk that you have to take with virtually every cryptocurrency regardless of who they have as escrow or identify as their team members.



^let's see some of this artists' work "Scarab" is a masonic symbol ~ :-D

*why one token = 1btc im not seeing people buying this...zzz


hero member
Activity: 690
Merit: 505
Cryptorials.io
March 16, 2017, 12:17:26 PM
#59
Thanks for the answer.

Since there is no escrow for the money raised and you have not shared your real world identity, how can you reassure us that this isn't just a scam for you to take the money and run?

We decided against an escrow because our best outcome is if each Token is owned individually, which limits the amount of risk one would assume by purchasing.

I don't understand this, or perhaps its that you don't seem to understand what escrow is. An escrow agent holds the bitcoin raised, not the tokens, so they would still each be owned individually. Not having an escrow does not in any way limit the amount of risk one assumes by purchasing, its whole purpose is to reduce that risk.

But if that is the route you are going then its up to you. As you say there is still risk even with these things in place, its just that there are a lot of ICO scams so people have to try to be safe.

Its an interesting idea and I would like to publish an article on my site if its legit, but I'm not sure if I will yet because I don't want to promote something that may end up being a scam.
full member
Activity: 157
Merit: 100
March 16, 2017, 12:06:49 PM
#58
Thanks for the answer.

Since there is no escrow for the money raised and you have not shared your real world identity, how can you reassure us that this isn't just a scam for you to take the money and run?

We have not hidden our identities and in some venues they have been shared, but for the most part the Core members would like to remain away from the spotlight to put the focus on the artist, Scarab. We have been working on this since 2014 and we have no intention of leaving this project or running away with any funds.

Each Scarab Token represents membership into the community for participation in voting and creating art. The cost of one token is still yet to be determined but it currently will be less than .009 BTC approx 11 EUR or 10 USD. We decided against an escrow because our best outcome is if each Token is owned individually, which limits the amount of risk one would assume by purchasing. If you wish to purchase many Scarab Tokens for potential profit gain that's an assumed risk that you have to take with virtually every cryptocurrency regardless of who they have as escrow or identify as their team members.
hero member
Activity: 690
Merit: 505
Cryptorials.io
March 16, 2017, 11:20:29 AM
#57
Thanks for the answer.

Since there is no escrow for the money raised and you have not shared your real world identity, how can you reassure us that this isn't just a scam for you to take the money and run?
hero member
Activity: 690
Merit: 505
Cryptorials.io
March 16, 2017, 10:55:41 AM
#56
So the artist gets 10% of any sale. Is the rest split between token holders and Scarab team and if so what proportions?
full member
Activity: 157
Merit: 100
March 16, 2017, 10:30:25 AM
#55
I'd like to reserve the German translation.
As an artist myself I like the basic idea, hope to see something great for real content/art creators in blockchain space soon. Do you have experience with implementing this in a good way?

We have reserved the German Announcement page and whitepaper translation for you, good luck! Our Core team is from the Art World, tech development, coding and business management sectors. They all have various projects behind them and the system for Scarab is ready to launch, our focus now is acquiring participants. 
legendary
Activity: 3668
Merit: 6382
Looking for campaign manager? Contact icopress!
March 16, 2017, 09:39:41 AM
#54
We have reserved Romanian translation for you. To see whats been reserved see list @ http://thescarabexperiment.org/bounty.html

Thank you. I will try to finish it and post it before Monday.
legendary
Activity: 2044
Merit: 1401
Disobey.
March 15, 2017, 11:11:17 PM
#53
I'd like to reserve the German translation.
As an artist myself I like the basic idea, hope to see something great for real content/art creators in blockchain space soon. Do you have experience with implementing this in a good way?
hero member
Activity: 690
Merit: 505
Cryptorials.io
March 15, 2017, 04:18:33 PM
#52
It will be an interesting experiment at least. Are there any artists lined up who plan to submit work?

Yes, there are many artists waiting to begin submitting work.

Oh good. Can you give any teasers about who they are or even what kind of art they will submit?

The value of the token will be largely dependent on both the quality and quantity of art submitted.

when scarab open ico selling
and how much price ico selling
how much total suply scarab coin ? , i think if good total suply not over 50 million coin, because xcp counter party asset fee sending is high, if total suply big, scarab coin low price muhc people not interst use scarab coin

1.First Token Selling now @ http://coinvend.io/scarab This Token will set the price for each Token.

2.ICO of the rest of the Tokens for sale after first Token sells.

3.Total Supply is 100,000 Tokens, 50,000 reserved for artists whose work is chosen by community, 10,000 reserved for Bounty, Exhibits, Marketing, Etc.



Unusual approach to an ICO, but forcing everyone to pay the price set by the most bullish buyer may limit sales. What happens if you don't sell all the tokens?
full member
Activity: 157
Merit: 100
March 15, 2017, 04:01:25 PM
#51
It will be an interesting experiment at least. Are there any artists lined up who plan to submit work?

Yes, there are many artists waiting to begin submitting work.
hero member
Activity: 690
Merit: 505
Cryptorials.io
March 15, 2017, 03:57:09 PM
#50
It will be an interesting experiment at least. Are there any artists lined up who plan to submit work?
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