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Topic: [ANN][ICO]CREDITS - New Blockchain for financial industry [HARDCAP REACHED!] - page 134. (Read 37746 times)

newbie
Activity: 81
Merit: 0
Admin I see in your web and see "Your whitelist status: Registered in the Whitelist" Do I need to send your KYC?
and see this text "Comment from CREDITS: Information required for ICO" what does it mean?
newbie
Activity: 207
Merit: 0
how sure are you guys that you will 100% fulfill what's stated in the whitepaper? Will there be more developers added to the team in the future?
member
Activity: 210
Merit: 10
the total supply is 1,000,000,000  out of which 60% is going to be distributed for pre-ICO and ICO. So together 600,000,000 CS,  at the hard cap of $20,000,000. Simple math tells me this results in about 0.033 cost per token, while  I would actually receive only 5000 CS tokens for 1ETH ..  (thats about $0.20 these days) .  So which part am I understanding wrong here?
600.000.000 tokens , but not all of them will be sold . When hard cap will be reached ICO will be stopped.All unsold tokens will be burnt
What is your estimation then what a supply will be with 20M usd cap reached?
Nearly 150-200 mln USD will be in circulation after ICO. You can calculate according to last ETH price
member
Activity: 294
Merit: 11
the total supply is 1,000,000,000  out of which 60% is going to be distributed for pre-ICO and ICO. So together 600,000,000 CS,  at the hard cap of $20,000,000. Simple math tells me this results in about 0.033 cost per token, while  I would actually receive only 5000 CS tokens for 1ETH ..  (thats about $0.20 these days) .  So which part am I understanding wrong here?
600.000.000 tokens , but not all of them will be sold . When hard cap will be reached ICO will be stopped.All unsold tokens will be burnt
What is your estimation then what a supply will be with 20M usd cap reached?
newbie
Activity: 266
Merit: 0
the total supply is 1,000,000,000  out of which 60% is going to be distributed for pre-ICO and ICO. So together 600,000,000 CS,  at the hard cap of $20,000,000. Simple math tells me this results in about 0.033 cost per token, while  I would actually receive only 5000 CS tokens for 1ETH ..  (thats about $0.20 these days) .  So which part am I understanding wrong here?
600.000.000 tokens , but not all of them will be sold . When hard cap will be reached ICO will be stopped.All unsold tokens will be burnt
member
Activity: 308
Merit: 10
the total supply is 1,000,000,000  out of which 60% is going to be distributed for pre-ICO and ICO. So together 600,000,000 CS,  at the hard cap of $20,000,000. Simple math tells me this results in about 0.033 cost per token, while  I would actually receive only 5000 CS tokens for 1ETH ..  (thats about $0.20 these days) .  So which part am I understanding wrong here?
member
Activity: 378
Merit: 11
We are happy to see our community growing! Thank you for your interest and support! Don’t forget to keep up with us everywhere for more news and updates!

https://www.linkedin.com/company/13370238/admin/updates/
https://twitter.com/creditscom
https://t.me/creditscom
https://www.youtube.com/c/CREDITSCOM

#CREDITS #blockchain #ICO #cryptocurrency

member
Activity: 210
Merit: 10
I think it is a good project, but the token economics really concerns me.
The presale has a huge bonus. It is probable that they will dump it when it is listed on exchanges.

70% is nothing when looking at 100X ripple killer. Dumpers will be FOMO buyers on next day. Grin
full member
Activity: 378
Merit: 100
I think this project is very important and different from others with new feature that the dev been apply, i think we should give them support to make this project be great project. Credits has unique blockchain technology offers paradigm-shifting capabilities to industries, applications, and users who require unmatched scalability. The addressable market for these services is estimated to be worth trillions of dollars
full member
Activity: 392
Merit: 152
I think it is a good project, but the token economics really concerns me.
The presale has a huge bonus. It is probable that they will dump it when it is listed on exchanges.
sr. member
Activity: 672
Merit: 250
Just got my email. I'm whitelisted now. Looking forward for upcoming ico.
sr. member
Activity: 644
Merit: 253
Change Your Worlds Build a New Era!
What time on 1 February does the public ICO open? The website doesn't say.
Probably at 00:00 but i don't think this is important, what difference does it make when it will start?

@credits team are you enforcing KYC to bounty participants too?
member
Activity: 574
Merit: 12
What time on 1 February does the public ICO open? The website doesn't say.

I think they will make announcement about their ICO later when the time is near, check website for regular update.
Or better join Telegram group for to learn about it one of the first
member
Activity: 378
Merit: 11
Don’t miss a chance to meet our Strategic Partner Arjan Eikelenboom on Crypto Economy World Tour in Amsterdam on January 29-30.

The Crypto Economy World Tour Conference will give the stage to some pioneering blockchain projects from all over the world. The common thread is that all the presenting companies and persons have decided to raise working capital by launching a token crowd sale (also known as an ICO or TGE). The aim of this session is to gain a deeper understanding of what type of applications are coming on the market, as well as give investors more information about crypto investment opportunities.


full member
Activity: 448
Merit: 100
What time on 1 February does the public ICO open? The website doesn't say.

I think they will make announcement about their ICO later when the time is near, check website for regular update.
member
Activity: 378
Merit: 11
Don’t miss a chance to meet our Strategic Partner Arjan Eikelenboom on Crypto Economy World Tour in Amsterdam on January 29-30.

The Crypto Economy World Tour Conference will give the stage to some pioneering blockchain projects from all over the world. The common thread is that all the presenting companies and persons have decided to raise working capital by launching a token crowd sale (also known as an ICO or TGE). The aim of this session is to gain a deeper understanding of what type of applications are coming on the market, as well as give investors more information about crypto investment opportunities.


member
Activity: 168
Merit: 10
What time on 1 February does the public ICO open? The website doesn't say.
member
Activity: 378
Merit: 11
Our new article on Medium is out! We are telling which business can work more efficiently with the CREDITS platform and why. CREDITS blockchain platform can be useful for different types of businesses all over the world because of its high speed, low price and full autonomous smart contract.

#Blockchain #Credits #cryptocurrency #ICO

More information https://credits.com/en/Home/NewsItem/2238

member
Activity: 378
Merit: 11
CREDITS Technical Advisor Christophe Ozcan will attend Crypto Economy World Tour in London on Jan 25-26.

The Crypto Economy World Tour Conference will give the stage to some pioneering blockchain projects from all over the world. The common thread is that all the presenting companies and persons have decided to raise working capital by launching a token crowd sale (also known as an ICO or TGE). The aim of this session is to gain a deeper understanding of what type of applications are coming on the market, as well as give investors more information about crypto investment opportunities.


member
Activity: 210
Merit: 10
PRE-ICO got a massive discount :

Credits contract --> https://etherscan.io/token/tokenholderchart/0x292317a267adfb97d1b4e3ffd04f9da399cf973b

You can see that the tokens already distributed are :
1000000000 CS - 934104993.719416 CS =
65895006.280584 CS ~ 65M CS

And they have collected according to the website 4029.12 ETH


65895006.280584 CS / 4029.12 ETH = 16354.689431 CS / ETH

So PRE-ICO boys got ~ 16355 CS / ETH


That is a 327% bonus  Grin

I pass on them guys, xDDDDDD

65mln-28 mln(this our venture investor, and these are the team tokens we will track, do not take them into account) + we pay in tokens to some resources and people for pr, marketing, publishing articles, conferences and etc. After ICO,  there will be a full report




Ok, so we have according to Credits contract --> https://etherscan.io/token/tokenholderchart/0x292317a267adfb97d1b4e3ffd04f9da399cf973b

Distributed tokens  --> 65895006.280584 CS ~ 65M CS
Venture investor --> 28410090 CS
Expenses after PRE-ICO for marketing, etc --> 1507778 CS

Tokens distributed in PRE-ICO --> 65895006.280584 CS - 28410090 CS - 1507778 CS = 35977138.280584 CS

35977138.280584 CS / 4029.12 ETH = 8929.27942 CS / ETH

So PRE-ICO boys got ~ 8929 CS / ETH


That is a 179% bonus   Grin

I continue passing on them guys, xDDDDDD



hm..can not completely understand this your calculations. Maybe you didn't count pre-sale tokens with 50% bonus and amount bonuses.
Honestly, i can't understand too. Are you sure that you are right? It's not simple to calculate it


What part you don't understand ?

Etherscan reveals the absolute truth without error. The admin said there are 28m CS that belong to a venture investor. All the tokens in etherscan after december 26 are tokens distributed for concept of marketing, etc as the admin has explained.

The final result without error is a 79% bonus over the price or a 179% of 5000 CS if you want to see it from another perspective.

Presale Bonus ~ 80%
It is actually much more than that if you see it from fiat perspective.
Don't forget, the ETH price has risen a lot since presale.

Who looks at fiat lol
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