Did I miss the ico? Don't want to be late on the mining phase.
ICO ends on August 14th - mining phase start the same day 1 hour after ICO end. Thanks! 
Topic: [ANN]~GenesysCoin~ 1st in Wallet Web Based Games [~MANDATORY UPDATE TO v1.5.1~] - page 70. (Read 131830 times)
August 07, 2015, 10:08:22 PM
August 07, 2015, 09:36:55 PM
Did I miss the ico? Don't want to be late on the mining phase.
August 07, 2015, 08:52:40 PM
ICO spreadsheet (useful to check ICO status, shares bought, coin cost, etc...)
https://docs.google.com/spreadsheets/d/1v6taUw5ZAT2BVhr0AxbN06QK0HFhCJiTsDlLFrsQQ28/edit?usp=sharing
Will try to update it at least once every 24h
Thanks Alex - Updated in OP. https://docs.google.com/spreadsheets/d/1v6taUw5ZAT2BVhr0AxbN06QK0HFhCJiTsDlLFrsQQ28/edit?usp=sharing
Will try to update it at least once every 24h
August 07, 2015, 08:38:03 PM
ICO spreadsheet (useful to check ICO status, shares bought, coin cost, etc...)
https://docs.google.com/spreadsheets/d/1v6taUw5ZAT2BVhr0AxbN06QK0HFhCJiTsDlLFrsQQ28/edit?usp=sharing
Will try to update it at least once every 24h
https://docs.google.com/spreadsheets/d/1v6taUw5ZAT2BVhr0AxbN06QK0HFhCJiTsDlLFrsQQ28/edit?usp=sharing
Will try to update it at least once every 24h
August 07, 2015, 08:13:06 PM
If anyone has Question or Confusion regarding the Escrow Service, please PM alexrossi directly
BCT Profile: https://bitcointalksearch.org/user/alexrossi-86549
Thank you!
BCT Profile: https://bitcointalksearch.org/user/alexrossi-86549
Thank you!
August 07, 2015, 08:10:29 PM
Thanks GSY team, that clears it up for me 
no problem and you very welcome. 
August 07, 2015, 07:23:54 PM
Thanks GSY team, that clears it up for me
August 07, 2015, 06:55:54 PM
Thanks @alexrossi.
However, as the successful ICO requires that a working wallet & source code are released (along with other items mentioned in your escrow for this ICO), I then conclude that the GSY team has the ability to forcefully back out, by not releasing the necessary elements, should they find that the funding was insufficient.
That said, @GSY team: what is your minimum ICO funding to proceed? This is obviously very important, since the share structure is such, that investors are rewarded with more GSY, if the ICO raises less BTC. The more BTC is raised, the more diluted are the GSY shares.
Personally, I don't like this model too much, as it puts the investors interest partly in conflict with that of the project. If a funding minimum is clearly stated, then at least we have a known critical funding target, at which the dev team understands/claims that the goals are attainable.
However, as the successful ICO requires that a working wallet & source code are released (along with other items mentioned in your escrow for this ICO), I then conclude that the GSY team has the ability to forcefully back out, by not releasing the necessary elements, should they find that the funding was insufficient.
That said, @GSY team: what is your minimum ICO funding to proceed? This is obviously very important, since the share structure is such, that investors are rewarded with more GSY, if the ICO raises less BTC. The more BTC is raised, the more diluted are the GSY shares.
Personally, I don't like this model too much, as it puts the investors interest partly in conflict with that of the project. If a funding minimum is clearly stated, then at least we have a known critical funding target, at which the dev team understands/claims that the goals are attainable.
No no, I can totally confirm we have most of the Features ready Please see Road map. Our main feature is already ready to go you can see that yourself in our demo Wallet.
Investors are still guarantee matter what the investment is because if people already like what they experienced in the demo wallet, they will have their mind blow when they see the rest of the features released Step by Step. We currently started working on a great idea where users can bet against each other in a Tournament Game - idea was suggested by some people in the community (ConFront feature will be updated soon with that idea).
Like alexrossi said, there is no minimum amount of btc to be raised but to make you feel better since you insist, minimum amount can be set from 10btc and going up -
and we are sure many people will see interest in the project in the coming days, weeks, and months - We are hard at work and will continue development following our Road map.
Thanks for your Support.
August 07, 2015, 06:27:53 PM
Thanks @alexrossi.
However, as the successful ICO requires that a working wallet & source code are released (along with other items mentioned in your escrow for this ICO), I then conclude that the GSY team has the ability to forcefully back out, by not releasing the necessary elements, should they find that the funding was insufficient.
That said, @GSY team: what is your minimum ICO funding to proceed? This is obviously very important, since the share structure is such, that investors are rewarded with more GSY, if the ICO raises less BTC. The more BTC is raised, the more diluted are the GSY shares.
Personally, I don't like this model too much, as it puts the investors interest partly in conflict with that of the project. If a funding minimum is clearly stated, then at least we have a known critical funding target, at which the dev team understands/claims that the goals are attainable.
However, as the successful ICO requires that a working wallet & source code are released (along with other items mentioned in your escrow for this ICO), I then conclude that the GSY team has the ability to forcefully back out, by not releasing the necessary elements, should they find that the funding was insufficient.
That said, @GSY team: what is your minimum ICO funding to proceed? This is obviously very important, since the share structure is such, that investors are rewarded with more GSY, if the ICO raises less BTC. The more BTC is raised, the more diluted are the GSY shares.
Personally, I don't like this model too much, as it puts the investors interest partly in conflict with that of the project. If a funding minimum is clearly stated, then at least we have a known critical funding target, at which the dev team understands/claims that the goals are attainable.
August 07, 2015, 05:58:49 PM
Is there a minimum amount of total BTC to be raised so that the ICO is considered successful vs canceled/refunded?
Cheers
Cheers
No, the ICO will be considered successful if the conditions in the agreement will be fullfilled (there isn't a minimum amount)
August 07, 2015, 03:11:38 PM
sorry i fail to understand
how much GSY do i get for 1 BTC?
how much GSY do i get for 1 BTC?
Quote
ICO share cost: 0.1 BTC
ICO supply: 1000000 Coins (GSY)
ICO user quantity: 1000000 * ( BTC SENT / TOTAL BTC INVESTED )
ICO supply: 1000000 Coins (GSY)
ICO user quantity: 1000000 * ( BTC SENT / TOTAL BTC INVESTED )
If I understood well it means we are buying shares at price 0.1 BTC, there are 1mil coins which will be divided with number of sold shares. So if you buy 10 shares and at the end 100BTC are collected you will get 10,000 GSY. If 50BTC are collected you will get 20,000 GSY.
Devs or escrow please confirm am I right.
August 07, 2015, 02:51:41 PM
sorry i fail to understand
how much GSY do i get for 1 BTC?
how much GSY do i get for 1 BTC?
August 07, 2015, 02:22:01 PM
Looks really great and a promising coin. Waiting for the ico start and i will watch the coin.
ICO has started few hours ago.
https://bitcointalksearch.org/topic/m.12079579
August 07, 2015, 02:10:15 PM
Looks really great and a promising coin. Waiting for the ico start and i will watch the coin.
August 07, 2015, 02:00:37 PM
I might go for a small stake in this ICO, seeing as it looks like a legitimate effort with some potential.
Is there a minimum amount of total BTC to be raised so that the ICO is considered successful vs canceled/refunded?
Cheers
Is there a minimum amount of total BTC to be raised so that the ICO is considered successful vs canceled/refunded?
Cheers
August 07, 2015, 01:53:44 PM
Im new here , can anyone explain me what is ico ?
August 07, 2015, 01:21:05 PM
GenesysCoin ICO is finally ! ! ! LIVE ! ! ! Thanks for all your patience!
August 07, 2015, 12:56:28 PM
This is the signed agreement of the GSY ICO, PM me for any question related to this escrow service (generally i don't watch very frequently the thread)
ICO address: 16ys4Z2oqnkiV6FjzfQmumaM4CD1AfEq7D
https://blockchain.info/address/16ys4Z2oqnkiV6FjzfQmumaM4CD1AfEq7D
ICO ends on the 14th of August at 10pm UTC
Wallet release is on the 14th of August at 11pm UTC
ICO share cost: 0.1 BTC
ICO supply: 1000000 Coins (GSY)
ICO user quantity: 1000000 * ( BTC SENT / TOTAL BTC INVESTED )
Funds released after:
Wallet client for windows + source code ok
Block explorer available ok
Pool available ok
Coin tradable in a major exchange (Considered Exchanges: Bittrex, C-Cex, Empoex, Yobit)
2% fixed fee taken by the escrow after the ending of the ICO, both in case of launch success of launch fail
Steps for investing:
1) Send 0.1 or a multiple of 0.1 BTC to 16ys4Z2oqnkiV6FjzfQmumaM4CD1AfEq7D
2) PM me with the TXID: https://bitcointalksearch.org/user/alexrossi-86549
3) After the wallet release (14th of August at 11pm UTC), PM me with your GSY address
4) Wait 48-72h (generally much less) for the coins release
Signed message:
ICO address: 16ys4Z2oqnkiV6FjzfQmumaM4CD1AfEq7D
https://blockchain.info/address/16ys4Z2oqnkiV6FjzfQmumaM4CD1AfEq7D
ICO ends on the 14th of August at 10pm UTC
Wallet release is on the 14th of August at 11pm UTC
ICO share cost: 0.1 BTC
ICO supply: 1000000 Coins (GSY)
ICO user quantity: 1000000 * ( BTC SENT / TOTAL BTC INVESTED )
Funds released after:
Wallet client for windows + source code ok
Block explorer available ok
Pool available ok
Coin tradable in a major exchange (Considered Exchanges: Bittrex, C-Cex, Empoex, Yobit)
2% fixed fee taken by the escrow after the ending of the ICO, both in case of launch success of launch fail
Steps for investing:
1) Send 0.1 or a multiple of 0.1 BTC to 16ys4Z2oqnkiV6FjzfQmumaM4CD1AfEq7D
2) PM me with the TXID: https://bitcointalksearch.org/user/alexrossi-86549
3) After the wallet release (14th of August at 11pm UTC), PM me with your GSY address
4) Wait 48-72h (generally much less) for the coins release
Signed message:
Code:
-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA256
ICO address: 16ys4Z2oqnkiV6FjzfQmumaM4CD1AfEq7D
https://blockchain.info/address/16ys4Z2oqnkiV6FjzfQmumaM4CD1AfEq7D
ICO ends on the 14th of August at 10pm UTC
Wallet release is on the 14th of August at 11pm UTC
ICO share cost: 0.1 BTC
ICO supply: 1000000 Coins (GSY)
ICO user quantity: 1000000 * ( BTC SENT / TOTAL BTC INVESTED )
Funds released after:
Wallet client for windows + source code ok
Block explorer available ok
Pool available ok
Coin tradable in a major exchange (Considered Exchanges: Bittrex, C-Cex, Empoex, Yobit)
2% fixed fee taken by the escrow after the ending of the ICO, both in case of launch success of launch fail
Steps for investing:
1) Send 0.1 or a multiple of 0.1 BTC to 16ys4Z2oqnkiV6FjzfQmumaM4CD1AfEq7D
2) PM me with the TXID: https://bitcointalksearch.org/user/alexrossi-86549
3) After the wallet release (14th of August at 11pm UTC), PM me with your GSY address
4) Wait 48-72h (generally much less) for the coins release
-----BEGIN PGP SIGNATURE-----
Version: GnuPG v2
iQEcBAEBCAAGBQJVxOygAAoJEI6tgbdOlXX+Jj4H/i4H4qa6cOVdGlnXKvi1fZEy
ck0xkrZbx8/EvW0rv4j+wDb0zBemWeSYRyJ2A4O30Mhjvm7a+oIV6cod7Jyd8axv
IyhVl0kMVjHaQQ9mnS/OkKAGfW5DLdlFo3U7eslaSMCRwLTbbZZqB2R4KDdHovm7
BB6kcdTpIlAv8ieHYlEuytXGdF+c7Eqa5kc1v0ypVwEAlaQjSQw2M//SBplsK8mZ
F/h3cg24Ki4i7M1WXJ1ZzzmodNfwYVA2hspuytpIMCv1I0kic+4o+MIUwhe+2ASB
Fz94EMbPvz3FuuJd8MNgNfTzQtsgB2coOtcExBOZVJbL4cAdGtSR5CGcCvWsBbM=
=7CQY
-----END PGP SIGNATURE-----
August 07, 2015, 08:19:34 AM
will be watching good luck!
August 07, 2015, 03:47:23 AM
Gsyteam has contacted me to escrow the ico part. The ico was supposed to start today, but because of a little misunderstanding with gsyteam that I have already resolved, will be delayed till tomorrow.
In which time ICO start?
Jump to: