[ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure - page 425.

mxxxxxx

legendary

Activity: 2310

Merit: 1000

Quote from: dankkk on October 28, 2014, 03:22:12 PM

So,
- Only using coingateway we have 10% of discounts?? We need use xc or any blocknet coin?
- The price of the coins we use will be determined at the time of investment or when the ITO ends?

thanks

You can use any of the participating coins XC, FIBRE, XCASH, XST ,LXC, SWIFT, APEX, UTIL, SSD, NHZ

The price will be determined at the time of investment

BitcoiNaked

sr. member

Activity: 456

Merit: 250

Quote from: mxxxxxx on October 28, 2014, 03:26:31 PM

Quote from: BitcoiNaked on October 28, 2014, 03:15:56 PM

Quote from: mxxxxxx on October 28, 2014, 02:53:48 PM

Quote from: BitcoiNaked on October 28, 2014, 02:42:31 PM

According to ITO rules " Shares purchased using a participating coin will be sold at a 10% discount. "

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?

xizmax

hero member

Activity: 527

Merit: 500

Dont you sell out on me, I havent accumulated nearly enough participating coins to get as much BLOCK as Id like Cheesy

dan7777777

member

Activity: 84

Merit: 10

Quote from: mxxxxxx on October 28, 2014, 03:29:26 PM

Quote from: atcsecure on October 28, 2014, 03:24:23 PM

Quote from: ndrog on October 28, 2014, 03:18:02 PM

Quote from: mxxxxxx on October 28, 2014, 03:15:08 PM

Quote from: ndrog on October 28, 2014, 03:12:58 PM

All pumped up for tomorrow Grin

Is it a matter of hours for us to download the wallet?

The wallet will be released tomorrow morning when the ITO Launches at 5AM EST

Oh, I thought it would be available for download at some point today, to avoid tomorrow's download panic.
Will the wallet be available on the blocknet site only or will be uploaded at various 3rd party download sites?

Valid point, so I will make the wallet available tonight

Dan

Great , thanks Dan

Quote from: dan7777777 on October 28, 2014, 03:26:11 PM

I thought the wallet would be available beforehand too. I asked many times and never once was it mentioned that it would only be available at the same time as the IPO. I needed to know my wallet address before I went to work as the start time is 9.00am in the UK. I needed it tonight. Am still hoping for a PM from the team.

At what time can I create a wallet for the tokens on Bittrex and how do I do this?

Change of plans

the wallet will be available tonight

Cool! What time? Its already 7.30pm here in the UK. Cheers!

Lyricz

legendary

Activity: 1455

Merit: 1033

Quote from: atcsecure on October 28, 2014, 03:24:23 PM

Quote from: ndrog on October 28, 2014, 03:18:02 PM

Quote from: mxxxxxx on October 28, 2014, 03:15:08 PM

Quote from: ndrog on October 28, 2014, 03:12:58 PM

All pumped up for tomorrow Grin

Is it a matter of hours for us to download the wallet?

The wallet will be released tomorrow morning when the ITO Launches at 5AM EST

Oh, I thought it would be available for download at some point today, to avoid tomorrow's download panic.
Will the wallet be available on the blocknet site only or will be uploaded at various 3rd party download sites?

Valid point, so I will make the wallet available tonight

Dan

that sounds perfect, thanks

mxxxxxx

legendary

Activity: 2310

Merit: 1000

Quote from: atcsecure on October 28, 2014, 03:24:23 PM

Quote from: ndrog on October 28, 2014, 03:18:02 PM

Quote from: mxxxxxx on October 28, 2014, 03:15:08 PM

Quote from: ndrog on October 28, 2014, 03:12:58 PM

All pumped up for tomorrow Grin

Is it a matter of hours for us to download the wallet?

The wallet will be released tomorrow morning when the ITO Launches at 5AM EST

Oh, I thought it would be available for download at some point today, to avoid tomorrow's download panic.
Will the wallet be available on the blocknet site only or will be uploaded at various 3rd party download sites?

Valid point, so I will make the wallet available tonight

Dan

Great , thanks Dan

Quote from: dan7777777 on October 28, 2014, 03:26:11 PM

I thought the wallet would be available beforehand too. I asked many times and never once was it mentioned that it would only be available at the same time as the IPO. I needed to know my wallet address before I went to work as the start time is 9.00am in the UK. I needed it tonight. Am still hoping for a PM from the team.

At what time can I create a wallet for the tokens on Bittrex and how do I do this?

Change of plans

the wallet will be available tonight

mxxxxxx

legendary

Activity: 2310

Merit: 1000

Quote from: BitcoiNaked on October 28, 2014, 03:15:56 PM

Quote from: mxxxxxx on October 28, 2014, 02:53:48 PM

Quote from: BitcoiNaked on October 28, 2014, 02:42:31 PM

According to ITO rules " Shares purchased using a participating coin will be sold at a 10% discount. "

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

dan7777777

member

Activity: 84

Merit: 10

I thought the wallet would be available beforehand too. I asked many times and never once was it mentioned that it would only be available at the same time as the IPO. I needed to know my wallet address before I went to work as the start time is 9.00am in the UK. I needed it tonight. Am still hoping for a PM from the team.

At what time can I create a wallet for the tokens on Bittrex and how do I do this?

atcsecure

hero member

Activity: 756

Merit: 500

Quote from: dankkk on October 28, 2014, 03:22:12 PM

So,
- Only using coingateway we have 10% of discounts?? We need use xc or any blocknet coin?
- The price of the coins we use will be determined at the time of investment or when the ITO ends?

thanks

Any blocknet coin, and the price will be determined at the time of investment

atcsecure

hero member

Activity: 756

Merit: 500

Quote from: ndrog on October 28, 2014, 03:18:02 PM

Quote from: mxxxxxx on October 28, 2014, 03:15:08 PM

Quote from: ndrog on October 28, 2014, 03:12:58 PM

All pumped up for tomorrow Grin

Is it a matter of hours for us to download the wallet?

The wallet will be released tomorrow morning when the ITO Launches at 5AM EST

Oh, I thought it would be available for download at some point today, to avoid tomorrow's download panic.
Will the wallet be available on the blocknet site only or will be uploaded at various 3rd party download sites?

Valid point, so I will make the wallet available tonight

Dan

dankkk

sr. member

Activity: 308

Merit: 250

So,
- Only using coingateway we have 10% of discounts?? We need use xc or any blocknet coin?
- The price of the coins we use will be determined at the time of investment or when the ITO ends?

thanks

ndrog

full member

Activity: 211

Merit: 100

Quote from: mxxxxxx on October 28, 2014, 03:15:08 PM

Quote from: ndrog on October 28, 2014, 03:12:58 PM

All pumped up for tomorrow Grin

Is it a matter of hours for us to download the wallet?

The wallet will be released tomorrow morning when the ITO Launches at 5AM EST

Oh, I thought it would be available for download at some point today, to avoid tomorrow's download panic.
Will the wallet be available on the blocknet site only or will be uploaded at various 3rd party download sites?

BitcoiNaked

sr. member

Activity: 456

Merit: 250

Quote from: mxxxxxx on October 28, 2014, 02:53:48 PM

Quote from: BitcoiNaked on October 28, 2014, 02:42:31 PM

According to ITO rules " Shares purchased using a participating coin will be sold at a 10% discount. "

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

mxxxxxx

legendary

Activity: 2310

Merit: 1000

Quote from: ndrog on October 28, 2014, 03:12:58 PM

All pumped up for tomorrow Grin

Is it a matter of hours for us to download the wallet?

The wallet will be released tomorrow morning when the ITO Launches at 5AM EST

ndrog

full member

Activity: 211

Merit: 100

All pumped up for tomorrow Grin

Is it a matter of hours for us to download the wallet?

novirudarzg

member

Activity: 104

Merit: 10

i'll surely support this .. even after ito Grin

cant wait to see how it works.

mxxxxxx

legendary

Activity: 2310

Merit: 1000

Quote from: BitcoiNaked on October 28, 2014, 02:10:57 PM

Quote from: synechist on October 28, 2014, 01:38:07 PM

Quote from: crackfoo on October 28, 2014, 01:32:24 PM

Quote from: UnicornFarts on October 28, 2014, 01:30:44 PM

Quote from: itod on October 28, 2014, 01:29:35 PM

No matter how quickly the developers answer the surrounding questions about ITO, on crucial one is remaining: How many days before the ITO will all parts of the Blocknet software be opensourced?

It's not enough to announce some parts are/or will be available soon, The date for ITO is set and it is unacceptable without the complete set of software being inspected by the community.

On separate issue, it's a good idea to limit the ITO to Bittrex, it's more transparent that way and immune to arbitrage which will otherwise occur. There's no need to give incentive for trading the Blocknet before the ITO is over, price can only be lower, not higher, then the initial price while the supply of shares with initial price lasts.

XC still isn't open sourced. Why would they open source Blocknet?

good point to consider.

Read the OP unicornfarts. The Blocknet will be open source.

Itod, as stated all over the place, the ITO is, in part, to raise funds to write the code. At present only part of the XBridge code has been written. It has not been open sourced at this stage.

So after the ito how long will it take to write the code and when will blocknet be available for trading ?

You can see the project schedule in this PDF , BLOCK/BTC pairs will be still tradeable after the ITO

Quote from: synechist on October 28, 2014, 01:05:39 PM

The Blocknet: budget, development plans and accountability measures:

Download now!

mxxxxxx

legendary

Activity: 2310

Merit: 1000

Quote from: Nuttynut1987 on October 28, 2014, 02:31:34 PM

I've read somewhere that in the GMT+1 time zone ITO will start at 11.00am.
But is this confirmed? and where has this been confirmed that indeed their time zone corresponds with this given time

ITO launches at 5 AM EST , you can use this site to check the exact hour in your time zone http://www.worldtimebuddy.com/

mxxxxxx

legendary

Activity: 2310

Merit: 1000

Quote from: BitcoiNaked on October 28, 2014, 02:42:31 PM

According to ITO rules " Shares purchased using a participating coin will be sold at a 10% discount. "

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.

atcsecure

hero member

Activity: 756

Merit: 500

Quote from: BitcoiNaked on October 28, 2014, 02:42:31 PM

According to ITO rules " Shares purchased using a participating coin will be sold at a 10% discount. "

How does this work? So i get 10% more tokens if i pay with one of the coins that is added then if i would pay with btc?

Correct

Topic: [ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure - page 425. (Read 1103293 times)