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Topic: [ANN][ICO] Spectiv: DECENTRALIZED VIRTUAL REALITY (OLD THREAD) - page 17. (Read 87405 times)

full member
Activity: 326
Merit: 100
Hopefully this project is successful, by participating in the signature campaign to invite investors to participate in ICO later .....
hero member
Activity: 1113
Merit: 507
Don't Get Involved
As long as i follow the signature campaign, spectiv is the best in ico management, i am happy to support spectiv, i will also participate in ico, because i am sure spectiv project will give profit to all investor  Cool
sr. member
Activity: 490
Merit: 250
Good project. I will participate. Almost all another projects looks useless Smiley
sr. member
Activity: 1492
Merit: 269
Signature participants are many, this project is amazing, many users of this forum who want to support this project, 40 million dollars will be quickly fulfilled
sr. member
Activity: 546
Merit: 250
The project has interested many, there is no doubt that he will collect the entire amount
sr. member
Activity: 1015
Merit: 289
Can you add rewards to signature participants?
Because signatures are too risky, and we can not follow other campaigns, unlike translators, social media, blogpost, they can do it on any project, but we can not do it, and even if the project fails we get nothing, but others can get Gift from another project, I hope you consider this
agree, it seems  the ico has been delayed for too much time, and we get nothing in the sxtra time but have to do 12 posts a week

wow guys you ask much for doing almost nothing ...

What do you mean by doing almost nothing? We will keep making 12 posts very week for more than a month. BTW, I am not asking much more, I just hope this project can be  known by more and more people.

Seriously 12 posts a week is that hard? Most ppl do it even without sig campaigns by just participating in discussions.

BTW You can delete you sig if you already have made 50 posts and still be rewarded for your stakes. So if you are here only for reward, nothing stops you from changing signature to another project.

Not really, at least according to their rules, which are still standing on the front page:

"- Participants are not allowed to change their signature until the crowdsale officially closes."

See here:

Please take a minute to read the announcement posts in the OP, and read the past few pages of the thread. Basically we will be increasing the Bounty Token Supply though.

"Please note that we will also be increasing the Bounty token allocation significantly though. We plan to increase the % of tokens from either 2% to 3 or 4%. The delay is not 60 days by the way, it is only expected to be a 30 day delay. We do have 60 days worth of work to do, but that is starting now, so that will be finished in mi September. We think that by doubling our token allocation to 4% for the bounty, it is still worth it for you to maintain your signature. If you choose not to, then as long as you have 50 posts with the signature, you will still earn your stakes."

Ok, that sounds fine, but they should also update ASAP the information on their frontpage then.
As for me, I probably will stay in this campaign until the end. But in any case I'll throw in some Eths myself during the ICO since the project is so exciting.
sr. member
Activity: 658
Merit: 255
Really different project, rather than a investment I want to see this project being developed so hope it will raised needed amount of money.
anu
legendary
Activity: 1218
Merit: 1001
RepuX - Enterprise Blockchain Protocol
It is one of the rare projects that excite me. I store 10 ETHs for ICO. It's a figure for me. I have never invested so much for any other ico. I hope I'm not wrong.
member
Activity: 70
Merit: 10
All In One Social
This looks amazing

Thank you team spectiv
sud
sr. member
Activity: 826
Merit: 301
Increase of Signal Tokens value will be tied to platform growth (and whole VR industry).

This is why I asked the team to respond. Not a bounty hunter.

Why?

Why are they going to increase in value? Where is the revenue going to come from?

Adverts. That's it.

That's the answer the CEO gave in the YouTube interview I watched. (and linked to a couple of pages back)

And when the site launches, how many advertisers will it have? Zero. So, in effect, it will be worthless.

So, besides ignorant speculation (such as with Numeraire), where is value going to be added to the token without any money going into the business?

As I keep saying, I'm a VR enthusiast and early adopter. I actually WANT to like this project. But as a business venture, it leaves a lot to be desired.

The token itself has little to do with VR. And could be applied to other sites/ventures. (Again, straight from the CEO interview. His words, not mine.)

We have no problem answering all your questions, at least it shows that you are interested in knowing what this project has to offer. I am going to address your questions in sections because they see to be about two main points: Revenue and Token Value.

1. Revenue
As you have mentioned, the main source of revenue for this project will be advertising revenue, as is the case with almost all other streaming platforms. Achieving this revenue is very reliant on bringing advertisers to the platform, which in the initial stages of the company is very difficult. We are working to get started on this process though; we have a meeting on Tuesday with another VR start-up called Immersv. Immersv is a start-up that works to connect advertisers to virtual reality platforms and apps, and they have received significant financial backing to do this. We hope to work with Immersv as a partner who can help us drive advertising revenue and grow that revenue as the platform grows. As a note, when we mention $100K in the whitepaper, it is not because we expect to receive that much money, it is just a nice clean number to use in an example. Do not take these examples as literal projections.

With everything mentioned above, one point that needs to be addressed is in regards to what our initial focus is. As counter-intuitive as it sounds, not all business are focused on revenue and profit (initially at least - long-term it is the goal). Companies such as Youtube, Snapchat, Facebook, Twitch all focused on growing their user-base in the early stages, even though it meant operating at a loss. When it comes to a streaming platform, such as Spectiv, our initial focus is not necessarily on being profitable, but is instead on achieving mass user adoption. Although we won't be profitable, we will be growing the overall value of our company and our token (explained in the next section). As we grow our user base, we will be able to drive advertising revenue to our platform at an exponential growth rate.

2. Token Value
In regards to how we plan to grow the value of Signal Tokens, that is not based on whether or not Spectiv is profitable, but based on whether or not content curation is profitable. Consider this, as VR grows and the Spectiv platform grows, curators will be able to drive more traffic to the Spectiv platform. The more traffic that a curator drives, the more money that they earn for generating a signal.

For example, let's say that during year 1 of operation a good content curator is able to profit $1 for every $.50 that they spends on generating signals. During that first year, the curator triples his fan base and in return now makes $3 for every $.50 that he spends on generating signals. Now the cost of generating a signal is significantly lower than the potential revenue for doing it, so the potential value of a signal token is theoretically higher. The market will naturally adjust to this new defined value of a Signal Token and over time, a Signal Token will grow in value until the potential profit and the cost are in a reasonable equilibrium.

There are a couple other points that will factor into the value of Signal Tokens, such as the number of curators that are on the platform and the "minimum" threshold of followers a curator needs to have in order to profitably generate signals. I won't get into that right now because it is all theoretical at this point, but at the end of day, the value of Signal tokens will naturally adjust to be in line with the potential revenue of generating a signal.

3. Conclusion
  • Main source of revenue will be advertising, and we are working on setting up the initial infrastructure for that.
  • Our initial focus as a streaming platform is not profitability. Instead, it is exponentially expanding our user base.
  • If we are able to grow our user base in correlation with the growth of VR, then we will be able to start driving significant advertising revenue.
  • As a company, we will need significant early funding to provide us a 2-3 year runway of funds.
  • The value of Signal Tokens is not based on Spectiv profitability, but is based on signal generation profitability.
  • As the VR industry and the Spectiv platform grow, the value of generating a signal will grow at a similar rate.

If you have any further questions, feel free to post them in here or email us.  

Thanks for clearing this up, especially the revenue part. The most important goal in the initial stage of platform is getting userbase.
full member
Activity: 420
Merit: 105
Spectiv is a good project. I will invest in it.
sr. member
Activity: 462
Merit: 250
ı thing most of bounty hunters left Spectiv. I hope this delay will make every thing better. I belive this.
Agree, I also believe spective will be successful because the team really work hard so no one is disappointed with extending ico is the right step.
Where everything should be properly prepared and profitable for all parties.
copper member
Activity: 1358
Merit: 523
ı thing most of bounty hunters left Spectiv. I hope this delay will make every thing better. I belive this.
full member
Activity: 378
Merit: 100
ANNOUNCEMENT:

We have officially partnered with ICO Consulting firm Sutton Stone (https://suttonstone.com/)! Sutton Stone is a team of experts in the crypto industry who have a focus on the legal frameworks of crowdsales, marketing/promotion, and management of funds. We will be working with Sutton Stone to ensure the organization of our token sale and to ensure it is setup with proper legal structuring. To do this, we plan to setup an entity in the country of Mauritius, which is currently setting the legislation to become the 1st country to establish ICOs as legal. James Duchenne is spearheading this effort through direct work with the Mauritius government and Banks.

So what does this mean for Spectiv?

We are very excited to make this announcement because having Sutton Stone on board as our ICO Consultants will help ensure the success of our crowdsale. With this said, we will have to make some adjustments to our current timeline. We are currently expecting around 60 days of work with Sutton Stone to cover the following scope of work:

Deliverables:
Venture Assessment
Legal regulations: KYC, AML, securities, regulatory arbitrage, corporate setup, prospectives/disclaimers, outside legal counsel
Incentives: token model, token utility, implications
Security: governance
Operations: organizational model, non-profit structure, ICO processes

Schedule:
1 week for assessment
1 week for planning
2 weeks to address and adjust ICO model
1 month to execute the process
1 week for concluding work

With this new timeline, we will be delaying the launch of the crowdsale. We do not have an official date yet for the crowdsale, but we will make that announcement next week. We will also provide details on our new plans for a pre-sale which will likely launch in mid-late September. Everything we are doing is for the success of Spectiv, and to ensure that this crowdsale is setup properly.



In regards to our Bounty community, we will have a further announcement for you as well. Due to the new timeline, the bounty will go on for a longer period of time now. What we can say is that we will be increasing the allocation of the token supply to the bounty. Expect us to increase this allocation from 2% to either 3 or 4%, depending on when we schedule the crowdsale to launch.

Please read and understand.
hero member
Activity: 714
Merit: 500
It seems like a successful project, and a lot of people to pay attention, and I have to take part in this bounty program for the next few days and good luck.
Yes I am very sure this will be a very promising project as many of the investors are interested and everyone is sure many are expecting for his successful projects
sr. member
Activity: 365
Merit: 250
It seems like a successful project, and a lot of people to pay attention, and I have to take part in this bounty program for the next few days and good luck.
sr. member
Activity: 404
Merit: 250
We would like to introduce you to one of our early contributors who was vital in helping develop the Spectiv Token Model:

Joe Urgo - Co-Founder of District0x

Joe was one of the most important earlier contributors who assisted us in fleshing out the Spectiv Token Model. Joe was a key advisor in suggesting the idea of attention markets and the value that they could bring to the Spectiv platform. Based on the feedback that Joe provided us, we eventually came up with the idea for rewarding content curators and created Signal tokens to do this. Joe is not actively advising for Spectiv while he is currently hard at work with District0x. As we move forward though, we do expect to have further discussions with Joe and possibly bring him back on board as an advisor.


Thank you, Joe Urgo! rewarding content curator is very important since it a good method to encourage users to put more interesting content on this platform.
full member
Activity: 308
Merit: 134
Can you add rewards to signature participants?
Because signatures are too risky, and we can not follow other campaigns, unlike translators, social media, blogpost, they can do it on any project, but we can not do it, and even if the project fails we get nothing, but others can get Gift from another project, I hope you consider this
agree, it seems  the ico has been delayed for too much time, and we get nothing in the sxtra time but have to do 12 posts a week
sr. member
Activity: 826
Merit: 284
Joe Urgo, thank you for helping this project.
I believe in the success of the platform, because the virtual reality is the future.
sr. member
Activity: 560
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
Wow, it is the first time I see a good ICO for months Smiley Congratz, guys!
Come on to join this project!
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