[ANN] Xcavator - A Crypto Utility Token for Crypto Mining - page 4.

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Quote from: Miiike on April 24, 2022, 12:25:21 PM

Quote from: XcavatorInternational on April 23, 2022, 08:11:37 AM

~snip~
As per the need of our project we cannot schedule and plan automated release. Mining equipment gets updated every now and then and the availability is a major issue. In this scenario an automated release cannot be scheduled. Also we will be listing on multiple exchanges and we will be needing liquidity. The team will only hold 10% of the token supply as given in our white paper.

Sorry, maybe I made myself a little bit unclear. What I am asking is not the token allocation for your team, but rather if the team has control over the rest of the total supply. Looking at how it is not automatically released by something like a smart contract certain amount of token every specified and scheduled time, doesn't this means the team hold and has access to the rest of the tokens in order to be able to gradually release them when the team sees the conditions fit.

You are right as the team will have control over the rest of the total supply. As per the demand of our project we cannot automate the release of our tokens. Firstly we cannot be assured of the availability of the latest mining equipments. As we will be using all the funds from the sale of tokens to setup mining infrastructure, if we will automate the release and at that time miners are not available then the mining power per token will go down as the mining power will be less in comparison to our token holders. Also as all other projects hold supply to provide sufficient volume on different new exchanges we also will be doing that.

XcavatorInternational

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Quote from: galambo on April 24, 2022, 11:30:34 AM

I am interested in knowing what are requirements to mine your token? Like in case of BTC we need ASIC miners that consume too much electricity is this the case with our token also or you have fair chance for everyone in the mining process?

Our token will not be a mineable token. It is a token which will represent mining power in our mining project. We will be mining the most profitable coins in the market and will keep on updating to the latest miners depending upon the price and the availability. Our aim will be to maximise our mining profits.

Miiike

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Wait... What?

Quote from: XcavatorInternational on April 23, 2022, 08:11:37 AM

~snip~
As per the need of our project we cannot schedule and plan automated release. Mining equipment gets updated every now and then and the availability is a major issue. In this scenario an automated release cannot be scheduled. Also we will be listing on multiple exchanges and we will be needing liquidity. The team will only hold 10% of the token supply as given in our white paper.

Sorry, maybe I made myself a little bit unclear. What I am asking is not the token allocation for your team, but rather if the team has control over the rest of the total supply. Looking at how it is not automatically released by something like a smart contract certain amount of token every specified and scheduled time, doesn't this means the team hold and has access to the rest of the tokens in order to be able to gradually release them when the team sees the conditions fit.

galambo

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I am interested in knowing what are requirements to mine your token? Like in case of BTC we need ASIC miners that consume too much electricity is this the case with our token also or you have fair chance for everyone in the mining process?

XcavatorInternational

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Quote from: AmoreJaz on April 23, 2022, 07:30:27 PM

Quote from: XcavatorInternational on April 23, 2022, 08:11:37 AM

Quote from: Miiike on April 23, 2022, 04:22:02 AM

Quote from: XcavatorInternational on April 23, 2022, 12:58:22 AM

Quote from: Miiike on April 22, 2022, 05:00:13 AM

Where can I find this batch release schedule? I can't see it on your website and whitepaper. Also, what basis/consideration do you take during planning this stages? I mean, what makes you be certain that releasing (for example) 5% instead of 10% or 3% f the total supply next week on Binance is the best decision for the project's future? Or will your market and community decide for this too?

The batch release schedule will depend on the availability of the mining equipment and the price sustainability of our token. We do not have any plans to dump our tokens in the market and create a price crash. Considering the availability and market this decision will be taken in the best interest of our community.

As it is not a scheduled and automated release and rather an on-demand, does this mean your team holds the rest of the token supply? As in... being in control of them all?

As per the need of our project we cannot schedule and plan automated release. Mining equipment gets updated every now and then and the availability is a major issue. In this scenario an automated release cannot be scheduled. Also we will be listing on multiple exchanges and we will be needing liquidity. The team will only hold 10% of the token supply as given in our white paper.

by any chance, are you going to publish actual photos of your mining farm in the very near future? how can you assure your investors that you are indeed into mining? you can't just take what others are saying these days. as we don't know how this project will come about after couple or few months.

We will be publishing photos and videos of our mining farms on our community channels and groups. We are a KYB (Know Your Business) completed project and we are confident in our project & concept which will be more and more profitable in the long run. As the crypto market is developed on this system only, we had done everything to assure our investors about us. Never less we will be proving the same in few months from now which be giving our investors the insight of our unique project.

AmoreJaz

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Quote from: XcavatorInternational on April 23, 2022, 08:11:37 AM

Quote from: Miiike on April 23, 2022, 04:22:02 AM

Quote from: XcavatorInternational on April 23, 2022, 12:58:22 AM

Quote from: Miiike on April 22, 2022, 05:00:13 AM

Where can I find this batch release schedule? I can't see it on your website and whitepaper. Also, what basis/consideration do you take during planning this stages? I mean, what makes you be certain that releasing (for example) 5% instead of 10% or 3% f the total supply next week on Binance is the best decision for the project's future? Or will your market and community decide for this too?

The batch release schedule will depend on the availability of the mining equipment and the price sustainability of our token. We do not have any plans to dump our tokens in the market and create a price crash. Considering the availability and market this decision will be taken in the best interest of our community.

As it is not a scheduled and automated release and rather an on-demand, does this mean your team holds the rest of the token supply? As in... being in control of them all?

As per the need of our project we cannot schedule and plan automated release. Mining equipment gets updated every now and then and the availability is a major issue. In this scenario an automated release cannot be scheduled. Also we will be listing on multiple exchanges and we will be needing liquidity. The team will only hold 10% of the token supply as given in our white paper.

by any chance, are you going to publish actual photos of your mining farm in the very near future? how can you assure your investors that you are indeed into mining? you can't just take what others are saying these days. as we don't know how this project will come about after couple or few months.

XcavatorInternational

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Quote from: Miiike on April 23, 2022, 04:22:02 AM

Quote from: XcavatorInternational on April 23, 2022, 12:58:22 AM

Quote from: Miiike on April 22, 2022, 05:00:13 AM

Where can I find this batch release schedule? I can't see it on your website and whitepaper. Also, what basis/consideration do you take during planning this stages? I mean, what makes you be certain that releasing (for example) 5% instead of 10% or 3% f the total supply next week on Binance is the best decision for the project's future? Or will your market and community decide for this too?

The batch release schedule will depend on the availability of the mining equipment and the price sustainability of our token. We do not have any plans to dump our tokens in the market and create a price crash. Considering the availability and market this decision will be taken in the best interest of our community.

As it is not a scheduled and automated release and rather an on-demand, does this mean your team holds the rest of the token supply? As in... being in control of them all?

As per the need of our project we cannot schedule and plan automated release. Mining equipment gets updated every now and then and the availability is a major issue. In this scenario an automated release cannot be scheduled. Also we will be listing on multiple exchanges and we will be needing liquidity. The team will only hold 10% of the token supply as given in our white paper.

Miiike

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Activity: 2030

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Wait... What?

Quote from: XcavatorInternational on April 23, 2022, 12:58:22 AM

Quote from: Miiike on April 22, 2022, 05:00:13 AM

Where can I find this batch release schedule? I can't see it on your website and whitepaper. Also, what basis/consideration do you take during planning this stages? I mean, what makes you be certain that releasing (for example) 5% instead of 10% or 3% f the total supply next week on Binance is the best decision for the project's future? Or will your market and community decide for this too?

The batch release schedule will depend on the availability of the mining equipment and the price sustainability of our token. We do not have any plans to dump our tokens in the market and create a price crash. Considering the availability and market this decision will be taken in the best interest of our community.

As it is not a scheduled and automated release and rather an on-demand, does this mean your team holds the rest of the token supply? As in... being in control of them all?

XcavatorInternational

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Quote from: galambo on April 22, 2022, 02:47:17 PM

We have already seen drawbacks of pow and pos consensus algorithm. Are you also on same track or you have some different consensus algorithm. It will interesting to know what consensus algorithm you are using and it's unique features.

There are drawbacks of pow and pos consensus algorithm but we have to agree that they also are the most profitable ones. As per our project concept we will be mining the most profitable ones and so will be doing the same to start with. In future if other consensus algorithm becomes more profitable then we will surely explore that.

XcavatorInternational

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Quote from: Miiike on April 22, 2022, 05:00:13 AM

Quote from: XcavatorInternational on April 21, 2022, 01:38:16 PM

Quote from: Miiike on April 21, 2022, 05:18:17 AM

Quote from: XcavatorInternational on April 20, 2022, 01:28:00 AM

Quote from: Miiike on April 19, 2022, 01:51:34 PM

Can you please inform us more about this "proven track records" on several aspects as mentioned on your website I quote as below;

Quote

We have a proven track record of innovation, rapid action, progress, and growth.

As for the token sale event themselves, I understand correctly that 0.2 USDT is the price for ICO and I take that you'll follow the usual path taken by most projects where you'll let market decide what price will be the initial price upon listing?

We are into cryptocurrency mining since 2018. We have continuously been mining even during the slack period of crypto currencies by optimising the power usage and other operational parameters.

Yes you understand correctly that 0.2 USDT is the price for ICO and the market will decide the price upon listing.

Our token has a unique asset appreciation procedure in which we will use half of the revenue of our mining farms to purchase the tokens at market price thus pushing the prices up.

With only 15% for ICO, and 75% for exchange listing where the price could be plummeted due to your decision to let the market decide their price, wouldn't some precautions need to be taken to make sure the initial listing price is way above ICO? Otherwise, it'll discourage investors from buying.

We do not plan to release the whole 75% of the tokens together in the exchange after listing. We will be releasing the tokens in small batches only as we will be using all the funds from the token sale to setup mining farms and as mining equipment are not available easily in bulk due to short supply, we will be procuring them in batches as per the token release batches in exchange. Also we will be listing on few crypto exchanges and we will be selling in small quantities and not dump it all at once. Because of the same reason that we will be using all our funds for setup of mining farms, we are not getting listed on decentralised exchanges due to liquidity blocking on them.

Where can I find this batch release schedule? I can't see it on your website and whitepaper. Also, what basis/consideration do you take during planning this stages? I mean, what makes you be certain that releasing (for example) 5% instead of 10% or 3% f the total supply next week on Binance is the best decision for the project's future? Or will your market and community decide for this too?

The batch release schedule will depend on the availability of the mining equipment and the price sustainability of our token. We do not have any plans to dump our tokens in the market and create a price crash. Considering the availability and market this decision will be taken in the best interest of our community.

ololajulo

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Quote from: coinism on April 19, 2022, 01:37:08 PM

Do you have any plan to reach out investors directly apart from crowd funding. There is so much saturation in crypto market that investors are afraid of new projects due to reasons like scam. Seeking investment directly from investors give you a backup in case crowdfunding goes not as desired

Funding is still coming in but this will depend on the strength of the team, the influence they have in the space and 2 million dollar should not be struggle to raise. We have lesser scam projects that in previous years. IMO the bottom of the market is very close and everyone will planning to a position in the market by 2023, maybe not as much in Bitcoin and ethereum because of the desire for bigger profits. If they can present a profitable project with strong tokenomics they can have VCs investment.

galambo

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We have already seen drawbacks of pow and pos consensus algorithm. Are you also on same track or you have some different consensus algorithm. It will interesting to know what consensus algorithm you are using and it's unique features.

XcavatorInternational

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Quote from: ?? on ??

I JUST GO THROUGH THE WEBSITE AND ITS AMAIZING..

Thanks for the nice review. We really appreciate it.

XcavatorInternational

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Quote from: KngrKhna on April 22, 2022, 05:42:50 AM

Mining in bitcoin is very much centralised i.e. only miners who can afford expensive mining devices and electricity bills can do btc mining. Is there anything in your project that ensures fairness and equal opportunity for everyone ?

With our tokens people can hold mining power as an asset in smaller units which is not possible in direct mining. Our project will ensure fairness and equal opportunity for everyone as we will have a combined mining infrastructure which will not be labelled based on the holders. All the holder's will own the mining power based on the number of tokens they hold which will keep on increasing always as we will keep on expanding mining farms along with buying and burning tokens so mining power per token will always increase.

XcavatorInternational

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G O O D N E W S !!

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XCAVATOR Has Successfully Completed “KNOW YOUR BUSINESS” By AUDIT RATE TECH

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PUBLIC SALE LIVE: xcavator.co/ico/

KngrKhna

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Mining in bitcoin is very much centralised i.e. only miners who can afford expensive mining devices and electricity bills can do btc mining. Is there anything in your project that ensures fairness and equal opportunity for everyone ?

Miiike

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Wait... What?

Quote from: XcavatorInternational on April 21, 2022, 01:38:16 PM

Quote from: Miiike on April 21, 2022, 05:18:17 AM

Quote from: XcavatorInternational on April 20, 2022, 01:28:00 AM

Quote from: Miiike on April 19, 2022, 01:51:34 PM

Can you please inform us more about this "proven track records" on several aspects as mentioned on your website I quote as below;

Quote

We have a proven track record of innovation, rapid action, progress, and growth.

As for the token sale event themselves, I understand correctly that 0.2 USDT is the price for ICO and I take that you'll follow the usual path taken by most projects where you'll let market decide what price will be the initial price upon listing?

We are into cryptocurrency mining since 2018. We have continuously been mining even during the slack period of crypto currencies by optimising the power usage and other operational parameters.

Yes you understand correctly that 0.2 USDT is the price for ICO and the market will decide the price upon listing.

Our token has a unique asset appreciation procedure in which we will use half of the revenue of our mining farms to purchase the tokens at market price thus pushing the prices up.

With only 15% for ICO, and 75% for exchange listing where the price could be plummeted due to your decision to let the market decide their price, wouldn't some precautions need to be taken to make sure the initial listing price is way above ICO? Otherwise, it'll discourage investors from buying.

We do not plan to release the whole 75% of the tokens together in the exchange after listing. We will be releasing the tokens in small batches only as we will be using all the funds from the token sale to setup mining farms and as mining equipment are not available easily in bulk due to short supply, we will be procuring them in batches as per the token release batches in exchange. Also we will be listing on few crypto exchanges and we will be selling in small quantities and not dump it all at once. Because of the same reason that we will be using all our funds for setup of mining farms, we are not getting listed on decentralised exchanges due to liquidity blocking on them.

Where can I find this batch release schedule? I can't see it on your website and whitepaper. Also, what basis/consideration do you take during planning this stages? I mean, what makes you be certain that releasing (for example) 5% instead of 10% or 3% f the total supply next week on Binance is the best decision for the project's future? Or will your market and community decide for this too?

XcavatorInternational

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Activity: 50

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Quote from: Miiike on April 21, 2022, 05:18:17 AM

Quote from: XcavatorInternational on April 20, 2022, 01:28:00 AM

Quote from: Miiike on April 19, 2022, 01:51:34 PM

Can you please inform us more about this "proven track records" on several aspects as mentioned on your website I quote as below;

Quote

We have a proven track record of innovation, rapid action, progress, and growth.

As for the token sale event themselves, I understand correctly that 0.2 USDT is the price for ICO and I take that you'll follow the usual path taken by most projects where you'll let market decide what price will be the initial price upon listing?

We are into cryptocurrency mining since 2018. We have continuously been mining even during the slack period of crypto currencies by optimising the power usage and other operational parameters.

Yes you understand correctly that 0.2 USDT is the price for ICO and the market will decide the price upon listing.

Our token has a unique asset appreciation procedure in which we will use half of the revenue of our mining farms to purchase the tokens at market price thus pushing the prices up.

With only 15% for ICO, and 75% for exchange listing where the price could be plummeted due to your decision to let the market decide their price, wouldn't some precautions need to be taken to make sure the initial listing price is way above ICO? Otherwise, it'll discourage investors from buying.

We do not plan to release the whole 75% of the tokens together in the exchange after listing. We will be releasing the tokens in small batches only as we will be using all the funds from the token sale to setup mining farms and as mining equipment are not available easily in bulk due to short supply, we will be procuring them in batches as per the token release batches in exchange. Also we will be listing on few crypto exchanges and we will be selling in small quantities and not dump it all at once. Because of the same reason that we will be using all our funds for setup of mining farms, we are not getting listed on decentralised exchanges due to liquidity blocking on them.

XcavatorInternational

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Quote from: galambo on April 21, 2022, 02:28:01 AM

It's really a brave move to launch a project at this moment since market is very much saturated with new tokens. Your team has any plan to deal with this? Really you need to work hard to deal this situation and not ignore this factor.

You are right as the market is saturated with new tokens, but there is none with a unique concept like ours token buyback and burning with mining expansion. Also our project is backed by real world assets i.e. crypto mining farms which will be generating real world revenue. Our team is working hard as we are confident in our project and will surely succeed. Plus we are already in touch with some big investors for private sale also.

Miiike

legendary

Activity: 2030

Merit: 1059

Wait... What?

Quote from: XcavatorInternational on April 20, 2022, 01:28:00 AM

Quote from: Miiike on April 19, 2022, 01:51:34 PM

Can you please inform us more about this "proven track records" on several aspects as mentioned on your website I quote as below;

Quote

We have a proven track record of innovation, rapid action, progress, and growth.

As for the token sale event themselves, I understand correctly that 0.2 USDT is the price for ICO and I take that you'll follow the usual path taken by most projects where you'll let market decide what price will be the initial price upon listing?

We are into cryptocurrency mining since 2018. We have continuously been mining even during the slack period of crypto currencies by optimising the power usage and other operational parameters.

Yes you understand correctly that 0.2 USDT is the price for ICO and the market will decide the price upon listing.

Our token has a unique asset appreciation procedure in which we will use half of the revenue of our mining farms to purchase the tokens at market price thus pushing the prices up.

With only 15% for ICO, and 75% for exchange listing where the price could be plummeted due to your decision to let the market decide their price, wouldn't some precautions need to be taken to make sure the initial listing price is way above ICO? Otherwise, it'll discourage investors from buying.

Topic: [ANN] Xcavator - A Crypto Utility Token for Crypto Mining - page 4. (Read 1091 times)