hi dev,
cloud we have some update before friday ? a week is not long but may be enough to solve some problem .
Thanks for your involvement.
Clearly, recent developments show the great potential of a game like FootballCoin.
I cannot make a promise about a specific date. I can, however, promise that all problems are ironed out before the release. In this way we can avoid the problems that arose with other projects, for example, cryptokitties, that a user mentioned earlier.
Rules for Placating InvestorsRule 1: Do not replace defined deadlines with undefined deadlines. We went from November/December to 'cannot make a promise about a specific date', which could mean December, it could mean April, it could mean never.
Rule 2: Provide
concrete answers to questions. "What exchanges will XFCCoin be on?" Dev Answer: "We applied to several major exchanges". This tells us nothing, how about "We applied to Bittrex on October 7, status: application pending, We applied to Cryptopia on October 27, status: application processing". Something concrete, something that tells us a) what exchanges it will be on, and b) the status. Otherwise it seems like you are telling us nothing, which you may well be, you may not be, we don't know, it's impossible to know.
Rule 3: Provide
concrete actionable steps related to the in-game economy and how it relates to the current RAPID fluctuations and volatility with Bitcoin. A basic player card currently costs 200 dollars due to Bitcoin's value, which, when compared to more expensive cards currently makes this the most expensive game to play in the entire world. Do you intend to either a) alter amounts in the swap from the previous exchange rate under the ICO when you switch to the new blockchain, so a person who invested 2.66BTC for 250K coins would receive more while keeping player prices the same, or will the player prices go down, or, the best solution, will they fluctuate with the market and not be pinned to a specific retail price?
It is to your advantage, especially now that you have your own blockchain, to have XFCCoin on major exchanges in order to get a solid combination of investors to make XFC worth something, and therefore prizes for the actual game to be worth something, which, in turn, will attract fantasy sports enthusiasts as well as gamblers, as well as to attract new players. People will not learn about this game through your own website alone nor will they learn about it through your own individual exchange, as it will be a needle in a haystack of cryptocurrency exchanges. My fear is that once you have your own exchange, your priorities will shift to be less concerned about getting it listed on popular crypto exchanges, and this is a huge mistake, not only for your investors, but for yourselves. But I wouldn't know, because we aren't told anything concrete. Normal ICOs have their coin on an exchange within ONE MONTH of the end of an ICO, you read that correctly, ONE MONTH.
Rule 4: Provide updates about the status of ongoing initiatives, status of the blockchain, where the wallet is, WITHOUT people having to kick, scream, yell, threaten, or explode in a ball of rage in order to get a response.
We have waited a VERY long time (in the crypto world) for this project to come to fruition, and these updates, at this point, are not even a measure of good will, they are required given how long this whole process has been drawn out. People believe in this project, if everything was on track, you wouldn't have to give them a reason to keep believing, but given the endless delays, you owe your investors that, at the very least.
Rule 5: I know this will be a tough nut to swallow, but if you are unable to consistently meet deadlines after a number of failures, you should be offering to repurchase XFC from original investors at the price it was issued. Inability to meet deadlines, inability to provide clear guidance, inability to provide a solid, realistic roadmap and meet objectives on time, reliably, and advertise thus forfeits your ability to continue to make empty promises and action and goodwill should be regained through Rule 5. Would it suck for the project? Absolutely, but there is a pretty clear line between being in a realistic development cycle, especially when compared to other projects, and borderline scam-like behavior, which we are beginning to get to due to violations of Rules 1, 2, 3, and 4. There needs to be consequences, or you will just go on indefinitely telling us a whole lot of nothing.
You can choose to ignore this, you can choose to respond and begin to address these. But after seeing definable deadlines suddenly, inexplicably replaced by "we can't give you a defined date", you can't even give a date range at this point, means you are probably just profiting off of the rise of BTC yourselves, while egging on people that once believed in your project but are now growing sour after an exorbitant wait time with milestones shrouded in mystery until threats are made, and the only thing offered is some vague empty promises and/or a screenshot of something.
Thank you for your feedback. I can tell you have taken the time to provide a detailed answer. Thank you for that.
Rules, of course, as you well know, are not usually enforced on groups you do not have authority over. Regarding your concerns, you will find the information that will answer those in our previous replies.
We are sorry the exchange and blockchain were not released quicker, naturally. We appreciate your patience.
The time will, however, have been well spent in ensuring the system is properly working. Once again, thank you for your reply and feedback and please do not think in any way I am condescending in my reply. I believe we have a similar goal and
discussions will help improve the vision and execution of it. Glad you acknowledged my response and concerns. Though, I will say, I'm not sure why you opened your response with basically a statement that you can essentially get away with robbing a bank, followed by a winking emoji. My rules are not commandments, they were "rules for
placating investors", which, given the length and duration of this project, not to mention the consistently missed deadlines has rendered it into pages upon pages of disappointment after deadlines are missed. The fact that any and all deadlines have failed to be met, coupled with the evasive, unclear responses to basic questions, such as: "What exchanges will this be listed on?" is bizarre, to say the least. That is a question that could and should be answered easily.
I originally backed this project because I saw it being very viable, which, when combined with the professionalism of the website and the game itself, made it look like a solid project. The fact that you are delineating between "investors who only want to cash out" and "people who want to play the game" is irrelevant, as both have made this project possible. It's not a matter of lumping them into groups, it's a matter of them believing in this project, irrespective of whether or not they intended to play the game long term. Usually getting the coins on an exchange is
all that is required to satiate the former group, while the project itself and its polish and vision is enough to satisfy the latter.
So what I am going to suggest is an updated FAQ responding to some of my questions with the progress you have made since the ICO, some of the challenges you are still facing, as well as providing concrete answers to some of the questions that have been posed. You obviously don't have to do this. As you said, "we have no authority over you", but if you believe in this project as you claim you do and want it to be a success, then one part of that is providing answers to the people that
did believe in it and made it possible. As someone else suggested, even if this is a scam, most scam coins still list their coins on the marketplace. The fact that there appears to be so much resistance to this idea for fear of you either not being able to control your own in-game market, the price to fiat, or whatever else you have thought has an impact on it by putting it on an exchange, is highly suspect and isn't contributing any confidence to how the project is being handled. In fact, one could argue, this is the main primary reason that there is so much suspicion in the first place.
I think that you think that once your exchange is online, you intend to keep all transactions on it, and aren't that concerned about listing it on major exchanges. You seem to somehow believe that you will still have the volume and the interest by putting it on some obscure exchange that most people, including fans and future players of the game, will somehow find it through your twitter feed, a bitcointalk thread, or your own website. If you want this to be a success, you need market exposure. All cryptocurrencies that have been successful have done this to increase adoption. Putting this up on bittrex isn't too much to ask, and if there is some fee involved, you could easily recoup that fee with the price increase that would be sure to follow (after the obvious dip of early investors getting out because of the duration and burned good will). But I think the misguided illusion is that you think having this on your own exchange will somehow let you control the price, as initially putting it on a larger exchange may push it below that target. Trying to manipulate the price and not letting the market dictate will not lead to a lot of people playing this game. Someone will come along with a similar vision, while learning from your mistakes, and make it tie to much more viable marketplace and allow the market price to float, as it should...and they will "Apple-ize" your idea, i.e. making it better while essentially copying your vision. Maybe you care about this, maybe you don't. Either way, if and when this project does reach the street, word of mouth, on forums such as these, will go a long way in terms of adoption. You may want to think on that in terms of the longevity of your game, but maybe the short play was the vision all along.
Either way, a legitimate FAQ summarizing the answers would, I feel, go a long way if concrete answers are given. Obviously you don't have to do this, but if you claim to care then it would be a small gesture of good will. Failure to do something of this kind is likely to lead to increased suspicion and skepticism as it is beginning to look like you are really hiding something.