[ANN][ICO] Natmin Pure Escrow - Escrow Services powered by Blockchain Technology - page 25.

natmin

copper member

Activity: 96

Merit: 0

Quote from: Cnote112 on October 03, 2018, 05:25:25 PM

What are the measures in place to ensure everything works perfectly on your platform

Testing, Testing, Testing, Testing, and more testing. We have at least 3 months of testing between each release. For example; there will be 3 months of testing between alpha and beta release. 6 months of testing between beta and production release. We will implement a bug bounty as well as security audits on the smart contracts.

natmin

copper member

Activity: 96

Merit: 0

Quote from: Cnote112 on October 03, 2018, 08:36:35 AM

Quote from: ning_aric on October 03, 2018, 05:33:00 AM

There marketing strategy adopted by Natmin looks great. Implementation of the currency conversion. Which would allow buyer to convert fiat to tokens and seller to convert tokens to fiat. Also there’s the token buy burn streak; where about 30% of tokens are burned, 15% once and the other 15% would be burned at 1% each month.

Why is the other 15% burnt in 1% tranches any particular reason to that, I mean they can just burn all at once.

From our whitepaper: 15% of the unsold tokens will be made available to be purchased on the platform itself. That available amount will be burned at a rate of 1% per month for 15 months or until that available amount reaches 0, whichever comes first. This is done to make the fiat implementation a smoother process for platform users who might not be familiar with crypto processes.

phantam

full member

Activity: 546

Merit: 106

Bountyhive.io

I think the idea to moving the dispute process to the chain as well is a really great idea that should allow the system to be completely decentralized as far as operations go or so it would seem

Cnote112

copper member

Activity: 224

Merit: 1

What are the measures in place to ensure everything works perfectly on your platform

Kinkadeinspired

copper member

Activity: 644

Merit: 1

Quote from: cryptossi on October 03, 2018, 01:44:46 PM

Quote from: natmin on October 02, 2018, 07:32:18 PM

Quote from: cryptossi on October 02, 2018, 05:46:25 PM

Does anyone know how long the dispute review time will take? Also, when will nodes be notified that their service is required to vote on a dispute? Will they receive an email or is it a notification that shows up on the platform only.. ?

The party who initiates the dispute process will be able to set the end time (24 hours minimum). This will give the other party enough time to provide their evidence. Once the evidence has been provided the voting process will start and should finish in a matter of a few hours. At the moment it is planned to have a vote sit not longer than 4 hours with a node. If the node does not vote or respond in 4 hours the vote will continue to the next available node. We can always adjust this time frame with the feedback from our community and nodes. Yes the nodes will receive a notification on the platform and an email.

It's an impressive system, disputes will be handled efficiently. I like that the vote will pass on to the next available node if the initial node doesn't respond in the 4-hour time frame. that was actually going to be my next question, but you have already answered it for me Cheesy

Exactly, that's a very impressive feature, passing the voting along to the next available node is an excellent idea. This will reduce every delay the unavailable node might cause to the system prompting speed in solving disputes.

Nathan01

member

Activity: 728

Merit: 11

DocTailor IEO on Zloadr

Quote from: nxnqauff on October 03, 2018, 03:15:46 PM

Quote from: ethtrader16 on October 03, 2018, 08:58:05 AM

Quote from: Cnote112 on October 03, 2018, 08:36:35 AM

Quote from: ning_aric on October 03, 2018, 05:33:00 AM

There marketing strategy adopted by Natmin looks great. Implementation of the currency conversion. Which would allow buyer to convert fiat to tokens and seller to convert tokens to fiat. Also there’s the token buy burn streak; where about 30% of tokens are burned, 15% once and the other 15% would be burned at 1% each month.

Why is the other 15% burnt in 1% tranches any particular reason to that, I mean they can just burn all at once.

Exactly, burning monthly 1% will take long time and who's know infuture what will happen with Crypto market or with this tokens.

I am still trying to understand how the whole token burning process works. How can you control that? Somebody please explain me.

Burning is essentially sending the token to an address whose private key can't be accessed for life, thereby destroying the ability of having that amount of token or the token out of circulation for life

Hope this helps?

cryptossi

full member

Activity: 504

Merit: 106

★Bitvest.io★ Play Plinko or Invest!

Quote from: Ace44 on October 03, 2018, 03:08:17 PM

Quote from: cryptossi on October 03, 2018, 01:44:46 PM

Quote from: natmin on October 02, 2018, 07:32:18 PM

Quote from: cryptossi on October 02, 2018, 05:46:25 PM

Does anyone know how long the dispute review time will take? Also, when will nodes be notified that their service is required to vote on a dispute? Will they receive an email or is it a notification that shows up on the platform only.. ?

The party who initiates the dispute process will be able to set the end time (24 hours minimum). This will give the other party enough time to provide their evidence. Once the evidence has been provided the voting process will start and should finish in a matter of a few hours. At the moment it is planned to have a vote sit not longer than 4 hours with a node. If the node does not vote or respond in 4 hours the vote will continue to the next available node. We can always adjust this time frame with the feedback from our community and nodes. Yes the nodes will receive a notification on the platform and an email.

It's an impressive system, disputes will be handled efficiently. I like that the vote will pass on to the next available node if the initial node doesn't respond in the 4-hour time frame. that was actually going to be my next question, but you have already answered it for me Cheesy

Creating that avenue for the community to be part of the project is indeed an awesome idea, this will help create an autonomous system, build up the value of the token because once there's a need for something, it becomes scarce, it takes a creative team to build a good brand that will stand the test of time and not phase out in a matter of months

Yes, I'm actually so impressed with the project, I might even become a node myself if I am eligible. It's a cool project to be a part of and I'm looking forward to watching their journey.

nxnqauff

member

Activity: 840

Merit: 17

PG-PAY Gold Backed Token

Quote from: ethtrader16 on October 03, 2018, 08:58:05 AM

Quote from: Cnote112 on October 03, 2018, 08:36:35 AM

Quote from: ning_aric on October 03, 2018, 05:33:00 AM

There marketing strategy adopted by Natmin looks great. Implementation of the currency conversion. Which would allow buyer to convert fiat to tokens and seller to convert tokens to fiat. Also there’s the token buy burn streak; where about 30% of tokens are burned, 15% once and the other 15% would be burned at 1% each month.

Why is the other 15% burnt in 1% tranches any particular reason to that, I mean they can just burn all at once.

Exactly, burning monthly 1% will take long time and who's know infuture what will happen with Crypto market or with this tokens.

I am still trying to understand how the whole token burning process works. How can you control that? Somebody please explain me.

ganeshramk

full member

Activity: 868

Merit: 104

Quote from: AngelJoshua on October 03, 2018, 08:02:30 AM

Quote from: ning_aric on October 03, 2018, 05:33:00 AM

There marketing strategy adopted by Natmin looks great. Implementation of the currency conversion. Which would allow buyer to convert fiat to tokens and seller to convert tokens to fiat. Also there’s the token buy burn streak; where about 30% of tokens are burned, 15% once and the other 15% would be burned at 1% each month.

Every users don't need to worry about the security because the transactions process are really good. They will get their product first before the Natmin send the payment to the seller.

This is much needed one especially in the crypto field. This will eventually reduce misusing the blockchain for their own sake.

Ace44

member

Activity: 672

Merit: 11

Quote from: cryptossi on October 03, 2018, 01:44:46 PM

Quote from: natmin on October 02, 2018, 07:32:18 PM

Quote from: cryptossi on October 02, 2018, 05:46:25 PM

Does anyone know how long the dispute review time will take? Also, when will nodes be notified that their service is required to vote on a dispute? Will they receive an email or is it a notification that shows up on the platform only.. ?

The party who initiates the dispute process will be able to set the end time (24 hours minimum). This will give the other party enough time to provide their evidence. Once the evidence has been provided the voting process will start and should finish in a matter of a few hours. At the moment it is planned to have a vote sit not longer than 4 hours with a node. If the node does not vote or respond in 4 hours the vote will continue to the next available node. We can always adjust this time frame with the feedback from our community and nodes. Yes the nodes will receive a notification on the platform and an email.

It's an impressive system, disputes will be handled efficiently. I like that the vote will pass on to the next available node if the initial node doesn't respond in the 4-hour time frame. that was actually going to be my next question, but you have already answered it for me Cheesy

Creating that avenue for the community to be part of the project is indeed an awesome idea, this will help create an autonomous system, build up the value of the token because once there's a need for something, it becomes scarce, it takes a creative team to build a good brand that will stand the test of time and not phase out in a matter of months

Nathan01

member

Activity: 728

Merit: 11

DocTailor IEO on Zloadr

Quote from: natmin on October 02, 2018, 07:32:18 PM

Quote from: cryptossi on October 02, 2018, 05:46:25 PM

Does anyone know how long the dispute review time will take? Also, when will nodes be notified that their service is required to vote on a dispute? Will they receive an email or is it a notification that shows up on the platform only.. ?

The party who initiates the dispute process will be able to set the end time (24 hours minimum). This will give the other party enough time to provide their evidence. Once the evidence has been provided the voting process will start and should finish in a matter of a few hours. At the moment it is planned to have a vote sit not longer than 4 hours with a node. If the node does not vote or respond in 4 hours the vote will continue to the next available node. We can always adjust this time frame with the feedback from our community and nodes. Yes the nodes will receive a notification on the platform and an email.

Brilliant and incredible approach you've got planned out. This will drive interest in to the platform, I actually want the process to be as transparent as best

faulerwilli

full member

Activity: 994

Merit: 140

Quote from: gee777 on October 03, 2018, 12:28:43 PM

Quote from: nesh1 on October 03, 2018, 11:41:12 AM

Quote from: RyCriptoC on October 03, 2018, 09:37:07 AM

Guys, I just observed one thing at Natmin site. They are offering 20000 Natmin tokens for 1 ETH. So I want to confirm if the token price is fixed in ETH or USD?

Price is fixed in ETH if you look in their Whitepaper at page 19 you can see that it says "the price is set to 1 ETH = 20,000 NAT" i think this is very profitable for early investors as ETH is very low right now.

Along side you will get a 10% bonus if you purchase the token now. That's like 2000 tokens untop the original 20000 token, making it 14000 tokens for 1 eth. Amazing isn't it.

I do not understand your bill. If I invest 1 ETH I get 20,000 tokens plus 10% bonus. that's 22,000 tokens
how do you get to 14,000 tokens?

cryptossi

full member

Activity: 504

Merit: 106

★Bitvest.io★ Play Plinko or Invest!

Quote from: natmin on October 02, 2018, 07:32:18 PM

Quote from: cryptossi on October 02, 2018, 05:46:25 PM

Does anyone know how long the dispute review time will take? Also, when will nodes be notified that their service is required to vote on a dispute? Will they receive an email or is it a notification that shows up on the platform only.. ?

The party who initiates the dispute process will be able to set the end time (24 hours minimum). This will give the other party enough time to provide their evidence. Once the evidence has been provided the voting process will start and should finish in a matter of a few hours. At the moment it is planned to have a vote sit not longer than 4 hours with a node. If the node does not vote or respond in 4 hours the vote will continue to the next available node. We can always adjust this time frame with the feedback from our community and nodes. Yes the nodes will receive a notification on the platform and an email.

It's an impressive system, disputes will be handled efficiently. I like that the vote will pass on to the next available node if the initial node doesn't respond in the 4-hour time frame. that was actually going to be my next question, but you have already answered it for me Cheesy

gee777

member

Activity: 728

Merit: 10

Quote from: nesh1 on October 03, 2018, 11:41:12 AM

Quote from: RyCriptoC on October 03, 2018, 09:37:07 AM

Guys, I just observed one thing at Natmin site. They are offering 20000 Natmin tokens for 1 ETH. So I want to confirm if the token price is fixed in ETH or USD?

Price is fixed in ETH if you look in their Whitepaper at page 19 you can see that it says "the price is set to 1 ETH = 20,000 NAT" i think this is very profitable for early investors as ETH is very low right now.

Along side you will get a 10% bonus if you purchase the token now. That's like 2000 tokens untop the original 20000 token, making it 14000 tokens for 1 eth. Amazing isn't it.

gee777

member

Activity: 728

Merit: 10

Quote from: nesh1 on October 03, 2018, 11:41:12 AM

Quote from: RyCriptoC on October 03, 2018, 09:37:07 AM

Guys, I just observed one thing at Natmin site. They are offering 20000 Natmin tokens for 1 ETH. So I want to confirm if the token price is fixed in ETH or USD?

Price is fixed in ETH if you look in their Whitepaper at page 19 you can see that it says "the price is set to 1 ETH = 20,000 NAT" i think this is very profitable for early investors as ETH is very low right now.

Along side you will get a 10% bonus if you purchase the token now. That's like 2000 tokens untop the original 20000 token, making it 14000 tokens for 1 eth. Amazing isn't it.

CrypticBabe

jr. member

Activity: 420

Merit: 2

Quote from: nesh1 on October 03, 2018, 11:41:12 AM

Quote from: RyCriptoC on October 03, 2018, 09:37:07 AM

Guys, I just observed one thing at Natmin site. They are offering 20000 Natmin tokens for 1 ETH. So I want to confirm if the token price is fixed in ETH or USD?

Price is fixed in ETH if you look in their Whitepaper at page 19 you can see that it says "the price is set to 1 ETH = 20,000 NAT" i think this is very profitable for early investors as ETH is very low right now.

thats a lovely information you shared there!
i would like to check that myself and get some for mine now!
whats the minimum investment!

nesh1

full member

Activity: 448

Merit: 110

Quote from: RyCriptoC on October 03, 2018, 09:37:07 AM

Guys, I just observed one thing at Natmin site. They are offering 20000 Natmin tokens for 1 ETH. So I want to confirm if the token price is fixed in ETH or USD?

Price is fixed in ETH if you look in their Whitepaper at page 19 you can see that it says "the price is set to 1 ETH = 20,000 NAT" i think this is very profitable for early investors as ETH is very low right now.

Kinkadeinspired

copper member

Activity: 644

Merit: 1

Quote from: natmin on October 02, 2018, 07:32:18 PM

Quote from: cryptossi on October 02, 2018, 05:46:25 PM

Does anyone know how long the dispute review time will take? Also, when will nodes be notified that their service is required to vote on a dispute? Will they receive an email or is it a notification that shows up on the platform only.. ?

The party who initiates the dispute process will be able to set the end time (24 hours minimum). This will give the other party enough time to provide their evidence. Once the evidence has been provided the voting process will start and should finish in a matter of a few hours. At the moment it is planned to have a vote sit not longer than 4 hours with a node. If the node does not vote or respond in 4 hours the vote will continue to the next available node. We can always adjust this time frame with the feedback from our community and nodes. Yes the nodes will receive a notification on the platform and an email.

I have always wondered how the nodes will be notified. This has totally answered every question I have about the nodes. Thanks

chan001

jr. member

Activity: 280

Merit: 1

Quote from: Darkoth89 on October 03, 2018, 09:23:44 AM

Quote from: CrypticBabe on October 03, 2018, 09:12:31 AM

Quote from: Cnote112 on October 03, 2018, 08:36:35 AM

Quote from: ning_aric on October 03, 2018, 05:33:00 AM

There marketing strategy adopted by Natmin looks great. Implementation of the currency conversion. Which would allow buyer to convert fiat to tokens and seller to convert tokens to fiat. Also there’s the token buy burn streak; where about 30% of tokens are burned, 15% once and the other 15% would be burned at 1% each month.

Why is the other 15% burnt in 1% tranches any particular reason to that, I mean they can just burn all at once.

i would like to know that myself!
is there any specific reason for that!
do they plan to release them in market then buy them back then burn?

From my understanding they're buying them back. So the 1% will be they'll be buying that amount back form the market each month?

We need some clarification from Natmin team about this token burning strategy. Let me check with them at telegram channel.

RyCriptoC

jr. member

Activity: 238

Merit: 1

Guys, I just observed one thing at Natmin site. They are offering 20000 Natmin tokens for 1 ETH. So I want to confirm if the token price is fixed in ETH or USD?

Topic: [ANN][ICO] Natmin Pure Escrow - Escrow Services powered by Blockchain Technology - page 25. (Read 24762 times)