Topic: [ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure - page 424. (Read 1103311 times)
October 28, 2014, 05:34:20 PM
No option to buy using NHZ or XCASH on Bitcoin Gateway?
October 28, 2014, 05:34:09 PM
When can we buy tokens on Bittrex?
The Blocknet's ITO will begin on 5am EST Oct 29th and run until November 5th 23:59:00
October 28, 2014, 05:33:05 PM
When can we buy tokens on Bittrex?
October 28, 2014, 05:31:19 PM
Does Bittrex or any other exchange have a BLOCKNET wallet?
I can't see one on Trex or Polo.
I can't see one on Trex or Polo.
You will see them when time is right
October 28, 2014, 05:28:51 PM
Can we sell our tokens/ITO for BTC right after ITO-Phase has ended? Or do we have to hold our coins for weeks or months?
BLOCK/BTC pairs will be still tradeable after the ITO
October 28, 2014, 05:25:55 PM
Can we sell our tokens/ITO for BTC right after ITO-Phase has ended? Or do we have to hold our coins for weeks or months?
October 28, 2014, 05:19:58 PM
Does Bittrex or any other exchange have a BLOCKNET wallet?
I can't see one on Trex or Polo.
I can't see one on Trex or Polo.
October 28, 2014, 04:58:38 PM
(Also, we're not offering securities. We're offering digital tokens, which are the denomination in which service provider fees are paid.)
So you can confirm you weren't contacted by the SEC (or anyone else). I know that anyone copntacted has a gag order on them. It may be worthwhile posting a weekly confirmation that you have not been contacted. Or post a something on a website saying you have not been contacted. Then if it is removed we know you have been contacted. 
October 28, 2014, 04:54:01 PM
Great.
I see the ITO has its own tab now on coingateway.
I see the ITO has its own tab now on coingateway.
October 28, 2014, 04:47:34 PM
O.K. will go to bed now and get up early. How do I set up a wallet on BITREX to keep my tokens in?
When you buy BlockNet tokens you will just see them at once in your Wallets tab , if you want to send your BlockNet tokens from Coingateway just create deposit address for BLOCK on Bittrex when it is available
Perfect. That is what I wanted to know. Will the BLOCK addresses be available on BITTREX from 5.00 as well?
Yes
October 28, 2014, 04:45:34 PM
O.K. will go to bed now and get up early. How do I set up a wallet on BITREX to keep my tokens in?
When you buy BlockNet tokens you will just see them at once in your Wallets tab , if you want to send your BlockNet tokens from Coingateway just create deposit address for BLOCK on Bittrex when it is available
Perfect. That is what I wanted to know. Will the BLOCK addresses be available on BITTREX from 5.00 as well?
October 28, 2014, 04:42:29 PM
O.K. will go to bed now and get up early. How do I set up a wallet on BITREX to keep my tokens in?
When you buy BlockNet tokens you will just see them at once in your Wallets tab , if you want to send your BlockNet tokens from Coingateway just create deposit address for BLOCK on Bittrex when it is available
October 28, 2014, 04:37:02 PM
O.K. will go to bed now and get up early. How do I set up a wallet on BITREX to keep my tokens in?
October 28, 2014, 04:25:49 PM
Any sign of the wallet yet? Going to bed in about 30 mins.
Not yet , Dan said tonight and i think he meant EST time zone
October 28, 2014, 04:22:29 PM
Any sign of the wallet yet? Going to bed in about 30 mins.
October 28, 2014, 03:39:43 PM
How much fees BLOCK-holders do earn per token and when is this feature available?
Fees: service providers are free to set any fee they want for a service, and nodes that provide the service keep the fee.
In addition, service providers pay Blocknet fees, and it is this that is paid to shareholders.
This will be a microfee, but its value has not yet been set, due to the fact that we're not yet sure how many instances of Blocknet-fee-charging are likely to occur across a broad range of services. The idea is that a fee will be charged for a given function that the XBridge performs; certain services might require very small or very large numbers of functions, and we will first need to be able to model this before we can create fee structures that track both the cost to the Blocknet of delivering the service and the value of the service to clients.
Project schedule is included in latest update
October 28, 2014, 03:10:00 PM
According to ITO rules " Shares purchased using a participating coin will be sold at a 10% discount. "
How does this work?
How does this work?
You will be able to buy BlockNet tokens at a 10% discount with participating coins through Coingateway.net
For pricing, we'll pick prices of Blocknet tokens at the start time of the ICO based on a recent average (exact algorithm TBD). Then we'll deduct 10%, and put up a sell wall there.
Any discrepancies in price between coins will be arbitraged by traders, and so the market will converge on a 10% discount no matter what coin you use.
The value of participating currencies tracks the exchange rate of BLOCK. Any deviation up or down gives rise to arbitration opportunities between participating currencies, so their prices will all converge around their price relative to BLOCK.
Well i have BTC, LTC and Quark too bad they aren't part of the participating coins, i'll just buy some with BTC
Well , if you are interested in investing in BlockNet, i think you should research participating coins too, there is still time to get some
You will be able to earn additional revenues not only from fees/dividends from BlockNet shares but also from participating coins services on BlockNet
Sure, any other coins that are on the list to be added?
I would like definitely to see Xbridge implemented in BTC some day
How hard is it to implement other coin?
The XBridge will be open source tech. Anyone can add it to their code.
The plan is to create an internet of blockchains; therefore the architecture we create will be indefinitely extensible and not centrally controlled.
However, at least initially (and potentially for the indefinite future) we also require that coins be ratified by the Blocknet Foundation. This is in order to exclude "scamcoins" and to make it unviable for them to compete against Blocknet-enabled coins.
its a big difference... this for example essential means that btc will never join and therefor MANY coins cannot be exchanged.
Anyone could create a Blocknet-enabled BTC wallet.
October 28, 2014, 03:05:48 PM
thanks for your answer. one last question concerning the pricing using the NHZ example again:
what does prevent a NHZ whale from pumping the BTC/NHZ price and putting a decent buy wall a few hours before the ito starts increasing its recent average such that the token/NHZ price will be determined to his favour and then selling a lot of NHZ for an awesome price. i mean the buyers of the NHZ wont have any disadvantages as in that case the token/NHZ price is determined so that they can buy the blocknet token for the 10% discount, so that they actually wont care about the high BTC/NHZ price.
what does prevent a NHZ whale from pumping the BTC/NHZ price and putting a decent buy wall a few hours before the ito starts increasing its recent average such that the token/NHZ price will be determined to his favour and then selling a lot of NHZ for an awesome price. i mean the buyers of the NHZ wont have any disadvantages as in that case the token/NHZ price is determined so that they can buy the blocknet token for the 10% discount, so that they actually wont care about the high BTC/NHZ price.
What prevents whales pumping NHZ is that other whales could equally cause NHZ to dump, buy them cheap, and get more ITO tokens.
sorry, but it would not really make sense for a whale to dump NHZ with just the pure hope of panic sellers in order to get more NHZ to get more tokens. besides the fact that this is not even garuanteed to work out, simple considerations show that pumping would be a good option and dumping not really:
if a whale pumped the BTC/NHZ price then the NHZ/token price would decrease (as the BTC/token price is set to 2500 satoshi), which means the whale could buy much more token for his NHZ. whereas if a whale dumped the BTC/NHZ price (and bought back chepaer) he would not necesessarilly get more token because a lower BTC/NHZ price means a higher HHZ/token price.
October 28, 2014, 02:59:43 PM
According to ITO rules " Shares purchased using a participating coin will be sold at a 10% discount. "
How does this work?
How does this work?
You will be able to buy BlockNet tokens at a 10% discount with participating coins through Coingateway.net
For pricing, we'll pick prices of Blocknet tokens at the start time of the ICO based on a recent average (exact algorithm TBD). Then we'll deduct 10%, and put up a sell wall there.
Any discrepancies in price between coins will be arbitraged by traders, and so the market will converge on a 10% discount no matter what coin you use.
The value of participating currencies tracks the exchange rate of BLOCK. Any deviation up or down gives rise to arbitration opportunities between participating currencies, so their prices will all converge around their price relative to BLOCK.
Well i have BTC, LTC and Quark too bad they aren't part of the participating coins, i'll just buy some with BTC
Well , if you are interested in investing in BlockNet, i think you should research participating coins too, there is still time to get some
You will be able to earn additional revenues not only from fees/dividends from BlockNet shares but also from participating coins services on BlockNet
Sure, any other coins that are on the list to be added?
I would like definitely to see Xbridge implemented in BTC some day
How hard is it to implement other coin?
October 28, 2014, 02:47:13 PM
According to ITO rules " Shares purchased using a participating coin will be sold at a 10% discount. "
How does this work?
How does this work?
You will be able to buy BlockNet tokens at a 10% discount with participating coins through Coingateway.net
For pricing, we'll pick prices of Blocknet tokens at the start time of the ICO based on a recent average (exact algorithm TBD). Then we'll deduct 10%, and put up a sell wall there.
Any discrepancies in price between coins will be arbitraged by traders, and so the market will converge on a 10% discount no matter what coin you use.
The value of participating currencies tracks the exchange rate of BLOCK. Any deviation up or down gives rise to arbitration opportunities between participating currencies, so their prices will all converge around their price relative to BLOCK.
Well i have BTC, LTC and Quark too bad they aren't part of the participating coins, i'll just buy some with BTC
Well , if you are interested in investing in BlockNet, i think you should research participating coins too, there is still time to get some
You will be able to earn additional revenues not only from fees/dividends from BlockNet shares but also from participating coins services on BlockNet
Sure, any other coins that are on the list to be added?
I would like definitely to see Xbridge implemented in BTC some day
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