Topic: [ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure - page 454. (Read 1103311 times)

You can buy Blocknet tokens using any participating coin.

At Bter and Bittrex there will probably only be a BTC:BLOCK pairing.

At Poloniex there will probably be a BTC:BLOCK and NHZ:BLOCK pairing.

At CoinGateway all the other coins will be paired to BLOCK.

After the ITO, only BTC:BLOCK pairings will be available (because it makes no sense for participating coins to trade against the Blocknet when they function to give value to the Blocknet).

Will I be able to buy using the coins listed or does it have to be Bitcoin?

I will take a look at it, seems so interesting

Don't think anything will change as long as the teams from the other coins stay silent. come on, let me meet there dev's & PR people.
The perception its an XC project is only enforced by the fact that i only see the XC team in here communicating

 

The Ger, I think your concerns have been entirely resolved by Driv3n's post below.

Also, $50,000 will get you virtually nothing. That's an unrealistically small amount in my opinion.

That may not be a bad idea, but they may not have considered it. Has any other coin done this?

We could remember that we are making this up as we go along and our crypto community can no doubt improve things as we go.

The ITO design appears solid to me. I far prefer a limited duration and a limited number of tokens. If they sell out, great, if not, extras destroyed. People can decide for themselves if they want to invest. A strategy recently has been to have these month long ITOs with unlimited BTC invested. Then by the time it finally is over, almost every possible person that would want to buy in, already has. Then it is a game of trying to sell each other the same tokens most have already bought.

As for coins being pumped, often whales and PnD crews look for news, quality, value, something to pump it on. If an older coin was never pumped at all, that is actually a bad sign. Bitcoin, Litecoin, nothing in cryptos is immune from that. I have actually been looking into the coins on the list and there are some interesting ones on there, imho. Never even noticed APEX before, but it is pretty cool, so I bought some.

Bittrex ICO doesn't allow dynamic ICO price, 2. cannot be achieved.

Question:

1. Where will the coins be stored after ICO?

2. Who is managing the funds after the ICO?

3. Has every Coin the same Voting Rights for Decisions?

Thanks.

4. Moreover it would be cool to have a list of Coin Representatives (Main Dev of the Coins) so everyone could see there is POD!  (I know it but other people don't maybe..)

even worse but yeah kind of, no pod so they can dissapear if needed.

counterparty has already a decentralized exchange and its free.. nxt too.

Yes the Blocknet will be a great advancement in the cryptocoin world. I hope it so much!

Actually about $2.28 million at current value but during the time of the Supernet ICO other assets like NXT and BTCD as well as Bitcoin itself was higher.  Total funds raised is probably much closer to $3 million USD at the time.  I'm not here to dispute the dollars though.  Some of the same accounts complaining about this ICO are ones that supported Supernet or had no negative things to say about the more than 200% increase of funds secured by Supernet.  I don't think that should go without putting things in perspective.  That's why I compared the funds raised.  Both projects are similar with some key differences.  Blocknet could be a better project with far less investments compared to Supernet.

I'm not a c++ coder and I'm no pro coin dev so I'd rather not venture to estimate the amount of time and funds required to develop this project but $50,000 isn't much.  I've been involved with company websites that cost more than that.  Monero (XMR) estimated at least 160k+ was needed for future funding of that coin alone.  This is just one I remembered off the top of my head.

The potential of Blocknet and the current terms of the ICO makes this ICO a reasonable offer.  If I truly didn't think that, I'd be here debating the situation,  I've been debating the BRO, Boom, and Cleverhash ICOs because I don't feel they offered the same fair/reasonable offer.  I bet most of you complaining about the price secretly think, "if I can get the price down I can control more of the coin"...  Heck, I'll support that.  Lower the price so I can hold more lol.

MemoryShock's post did a great job of providing more details about my last points.  Some of the initial coin choices are more about the devs and tech than who controls the minted coins or how many they control.  I would like to see if some of the larger volume coins would be interested in getting in on this.  I've seen several recommendations to contact Dogecoin.  While Doggie has a large MC, great volume and a large community, its still dogecoin.  It could bring some great attention to Blocknet though.



I hadn't seen anything official and I haven't seen a recommendation for this yet so I'll throw it out there. 

The Blocknet group should develop a type of business plan for this ICO.  Layout some specific goals and uses for the ICO funds to show investors how funds are going to be used.  Maybe outline several different potential roadmaps based on the amount of funds raised or issues/changes that could occur.  This can help end some of the useless speculations on how much some random account thinks you need to raise.  Will help to increase some investor confidence as well.

It's another supernet. No value!!!

this shit looks to me like a copy paste of supernet wanting to take advantage of supernet sucess.. go and improve bitcoin before creating more "crypto networks v 10.0"

so dev wants a million dollar to make a "network" of coins that have been only pumps and no real adoption.. nice try

No one is asking for a million dollars, if less BTC is donated there will be less shares, and everyone will have a bigger piece of the pie.  10 million shares is not set in stone and not a requirement, its just the maximum possible funding for this ITO.

With that being said, a staggered ITO is a solid option too.

Very nice!
This will open the doors of asia to blocknet and all coins involved.




+1000

I see a few posts that are harping on why certain coins were chosen to join Blocknet.  Some are citing small marketcap blah blah blah.

Atcsecure mentioned that the development of the technology was priority.  With this in mind, let us take a look at what each of the coins represented in the Blocknet Foundation have done…in no particular order.

SSD – First steganograpic anon transaction over mobile.  This means that you can embed a transfer of SSD into an image that you take from your mobile and not have it traced – the image doesn’t suggest that a transaction has occurred.  That is pretty freaking stout in my opinion.  Development ongoing.

XST – World’s First anonymous SMS transaction.  Again, a mobile transaction that is anonymous. Development ongoing (this is a theme with everyone here so I won't repeat it).

APEX – In wallet developments – everything from social networking to casinos.  Aggressive dev team with an eye towards enabling web merchant transactions within their wallet.

UTIL – Content filtering to protect exit nodes from malicious and illegal content.  A great business feature.

SWIFT – geoSwift, a way to GPS locate and connect sellers/buyers via mobile.  

LXC – Working on BlueTooth transactions…meaning mobile transactions without internet connection.  Sidechain research and implementation planned.

FIBRE – An Aggressive dev team that has already created their own OS and have integrated FibreLock (an android style password system that renders keyloggers obsolete) into a BTC Modded wallet in addition to their own.  

NHZ – Asset Exchange and further expansion of NXT code.

XC – Working on some cool stuff with a dev who has proven himself through a mountain of accusations.  Not sure I need to list the features and development here.

The best part of my summaries are this – it’s not comprehensive!!!  It’s a miniscule aspect of what each coin has to offer and not a complete picture of what each respective coins developers are capable of.  My point was to make an attempt to list a unique feature of each coin to demonstrate the very broad based level of expertise represented here.  There are many talented devs here with many ‘firsts’ represented.  All of them together can combine into a seamless user experience that can’t be claimed ANYWHERE.  All of these features together create a potential user experience that is unrivaled and will be for some time.

The marketcap of each coin, at this time, is irrelevant to me. That is not what defines their worth. The devs are pretty stout and it is the technology that is being developed that is the main issue and what will drive their relevance.

None of the posts that I see are even focusing on what the development teams are doing.  That needs to be corrected.

In fact, Blocknet has a group of talented people who will collaborate on making something that is something that Crypto has never seen before.  And I think that is something that isn't being done elsewhere.

Thank you.

 I fail to see a reason for arguing about how much funding is raised by the ito. If you don't like it don't fund it, it's pretty simple. It will receive as many btc as people see fit to invest.
 I agree with the earlier post about the ignorant arguments around here. Nobody is forcing anyone to buy anything. This is all just day trading on steroids and we all know it. The only difference I see is that in crypto if you lose money you have to make everyone listen to you cry about it for a while.

Just because some other group took in $2,000,000 doesn't make it fine to "only" ask for $1,000,000 for your own project and think you're giving away a deal.  Your view of reality is skewed brah...

This project will get a lot more support both financially and vocally if they tone down the cash cow and stagger their share offerings to source development funds in smaller allotments as I suggested earlier.

500,000 shares initially @ .00025 = 125 BTC

If they can't or won't kickstart this project with $50,000 worth of BTC then I have to question the legitimacy of the project.  Once we see significant progress for our funding then perhaps another share offering can be done to get to the next level.  

I strongly urge the Blocknet developers though, don't just ask for $1,000,000 because you think you can.  I think you can guess where that's going to lead with this community.  Be realistic.  In all honestly I believe anything more than approx. $500,000 for a working product is cheeky and you are going to have a lot of people looking the other way on this project if you try and pull that amount.

If you are dead set on offering 10,000,000 shares I'd to it in .00015 BTC values.

10,000,000 x .00015 = 1500 BTC x $400 = $600,000

MUCH more reasonable in my opinion.