Topic: [ANN][ICO] APIS - The First Masternode Mediation Platform(Pre-sale in Feb.20th) - page 10. (Read 15702 times)

APIS has written on top of the main reason for such major changes

Due to the fact that the price of gas has changed dramatically.

And why the problem arose just now and not at the beginning? It seems to me that at the beginning the biggest influx of clients?

Of course, you need to recalculate all investments, convert everything into a new crypto currency ...

Nobody is going to cancel anything, where did you get this from? Just changing the main currency is not a matter of one day

Yes, $ 20 million is quite difficult to give up, especially considering that there are enough people who want to. I think all the problems will be fixed very quickly.

Maybe it will be transferred for a couple of weeks ahead? It certainly will not be canceled, too much hope for it.

I think the crowd sale will be, it's the biggest stage.

Telegram says that QTUM is supported yet but the next period there will already be an Ethereum.

Is this a serious problem for you, or will you quickly fix all the problems?

it seems that has been suspended completely, until they solve the problem.

This is why when you log on to the site, you receive a warning about the termination of the sale of tokens

The website is still counting down. This can be confusing ...

I don't understand. There will be a public sale of tokens, or have you suspended the sale?

Please see below for the official message regarding the presale from our CEO:

Dear APIS supporters,
I am Ronny Yoo, CEO of APIS.

I would like to explain about the early termination of pre-sale which most of you are curious about. While we were preparing for the pre-sale, we spent a lot of time coming up with methods to provide all our investors with equal investment opportunities. Among some of the roadblocks that we confronted while seeking the optimal solution was  Qtum’s long block generation time.  This issue troubled us the most as we judged that if too many participants were to be concentrated in a single block, Qtum’s long blocktime may change participation priority depending on the gas price.

In order to prevent this unnecessary competition, we set a fixed value for the gas price and made everyone participate in the pre-sale under the same condition. However, when the pre-sale actually started, we recognized that there were a number of transactions that were not processed properly.

Our development team was monitoring all of the transactions real-time and found out that most of the transactions that failed had their gas price set at 69, not 70. The real problem occurred when we found out that the percentage of people who invested with gas price of 69 was excessively high(53% of the total transactions, to be exact). At this point, we came to the conclusion that the gas price could have been modified due to network or wallet error, and that ongoing smart contract needed to be stopped immediately for investor protection. Therefore, we stopped the original smart contract and came up with a new smart contract address urgently that had no gas price limit and were finally able to resume the pre-sale. But as the pre-sale went on with the new smart contract address, the morality of creating a new smart contract address was questioned  within our team. We subsequently came to a conclusion that the second smart contract could go against our original principle of fairness and that the contract must be closed. This is why we terminated our pre-sale earlier than scheduled.

We are still running internal tests to understand the exact cause of sudden gas price change. All relevant information regarding this incident had already been passed to the Qtum foundation, and we are looking into the issue together

I would like to express my sincere gratitude to those that participated in our pre-sale and also apologize to those who were unable to do so. We will keep you updated on this issue.

I will talk briefly about our future operation plan. Adhering to our core principle of enlarging the blockchain industry and protecting investors’ assets, we will never resell our remaining tokens from the pre-sale. All unsold tokens(254,584,967 tokens) will be promptly burnt after the termination of ICO with a prior announcement.

Thank you.

Best regards, Ronny Yoo

Dear APIS supporters,

First, my apologies for being so silent recently as I was dead busy and away from office. All relevant information regarding presale and the ICO has been posted on  our official telegram channel

now with the address of t.me/TheApisplatform



Yes, the base currency has been changed from QTUM to Ethereum.

Yes, the presale was conducted in QTUM only and ICO will be conducted QTUM and Ethereum.

We will execute conversion in the best manner possible in order to ensure optimal outcome for our contributors.

Thank you again for your interest in APIS project.

Looks like the last stage already in ETH should be. But now QTUM is possible yet

Which crypto-currency will be supported at crowd-sale stage? QTUM or ETH?

It seems that most people find it more convenient to work with the more familiar Ethereum.

Yes, they said that the pre-sale will be supported by QTUM, and then will be systematically replaced by the Ethereum.