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Topic: [ANN][ICO]CREDITS - New Blockchain for financial industry [HARDCAP REACHED!] - page 147. (Read 37729 times)

jr. member
Activity: 154
Merit: 1
I don’t really understand why didn’t you just unite all the nodes into one and use as a main one that node which has the most powerful hardware? In my opinion, it would reduce the load of system which is need for the choice of the main node and etc. significantly.
The system doesn’t come across any difficulties ‘cause it has to choose the main node constantly. That’s why division of nodes into types is convenient and even simplifies the work of Credits.
full member
Activity: 336
Merit: 100
I don’t really understand why didn’t you just unite all the nodes into one and use as a main one that node which has the most powerful hardware? In my opinion, it would reduce the load of system which is need for the choice of the main node and etc. significantly.
full member
Activity: 294
Merit: 100
Is it necessary to sign up for the whitelist in order to purchase the coins on the ICO?
No, but the users listed there will access the ICO first of all.
member
Activity: 406
Merit: 31
Is it necessary to sign up for the whitelist in order to purchase the coins on the ICO?
member
Activity: 134
Merit: 12
The Future Of Work
how many funds have been raised at a stage pre-iso
thanks!
hard cap 3 mln $ in ETH was raised



thanks buddy!
to pre-ico nearly 2 months lasted, and on pre-ico they have allocated only one month whether will manage to collect the necessary sum? on ico they plan to collect much


member
Activity: 574
Merit: 12
Awesome! Cheesy
And will be more awesome when the product will be completely finished ! be on touch  Smiley
member
Activity: 574
Merit: 12
how many funds have been raised at a stage pre-iso
thanks!
hard cap 3 mln $ in ETH was raised
member
Activity: 574
Merit: 12
Good day, readers of the forum! Does anyone know in what currency the platform will pay server hardware owners?
in internal cryptocurrency (CS)
member
Activity: 574
Merit: 12
How much of the money, collected on the ICO, will be frozen in Escrow?
30% will be frozen till the release of the alpha version. And other 20% will be frozen till the release of the full version.

Will escrow be used or will team have control over the funds?
it means that funds will be locked on escrows accounts and team will not have access to them
Here information from main site:
Escrow for ETH received in ICO
Escrow is a way of blocking funds allocated in ICO by third-party people until the occurrence of certain specific conditions. Independent escrow person block ETH (money raised in ICO) until compliance with the conditions (obligations) can be verified. The team will not be able to spend the ETH raised during the ICO until the obligations for the development of the alpha version and release a full release of the platform are fulfilled.

Some ETH received in ICO will be frozen by four signatories of famous and well known people from the blockchain industry

Escrow 1 - CRYPTO4ALL Paris (Escrow organiser)
Escrow 2
Escrow 3
Escrow 4
50% - (up to a maximum of 10 mln USD) will not be frozen and will be used for the development and promotion of the project
30% - frozen until the release of the Alpha version (requires Escrow board confirmation and approval for release)
20% - frozen until the first full release (requires Escrow board confirmation and approval for release)
member
Activity: 574
Merit: 12
Does the company plan to sell all issued coins during the ICO?
No, Credits have clear token allocation scheme. you can read about it here: https://credits.com/en/home/ico
member
Activity: 574
Merit: 12
How much of the money, collected on the ICO, will be frozen in Escrow?
only pre-ico period is ended, the hard cap was reached (3 mln $). The main ICO stage is coming, and will be from Feb 01 till Feb 28, so you have a chance to participate if you want. Just send a request to the whitelist through main site. And yes Credits have escrows, information about them you can find in main site too
newbie
Activity: 29
Merit: 0
How much of the money, collected on the ICO, will be frozen in Escrow?
30% will be frozen till the release of the alpha version. And other 20% will be frozen till the release of the full version.

Will escrow be used or will team have control over the funds?
member
Activity: 574
Merit: 12
It’s told in the definition of Credits that this is a method of group making decisions. Tell me please, what groups will make decisions?
all existing nodes will vote and choose the main node among themselves
member
Activity: 574
Merit: 12
What bonus is provided for investors on the ICO?
No bonuses more, they were on pre-sale and pre-ico stages
member
Activity: 574
Merit: 12
So there’s the main node which must be above all the others in system’s operation but, according to the platform’s technical documentation, all the types of nodes have the same priority. Why should the main one be selected in this case, if its functions can be executed by any other? In my opinion, it’s just extra load for servers.
according to the tech papers there are three types of nodes, and they have different priorities, read more careful
member
Activity: 134
Merit: 12
The Future Of Work
how many funds have been raised at a stage pre-iso
thanks!
member
Activity: 84
Merit: 10
Hello. Tell me, please, if I own the master crosspoint of the network, I can count on receiving any additional remuneration from Credits?
full member
Activity: 280
Merit: 100
Why did you decide to use the concept of the SHA-2 algorithm to calculate the hash-sum of the file? What benefits does the service get from its use?
member
Activity: 70
Merit: 10
Hello. I couldn’t find any information on what equipment. for service operation, the company would buy and how much money it would need for that? I'm interested in that, because I want to estimate now the speed with which Credits will work.
Hello! As far as I know, the company will not purchase server hardware for the service Third-party equipment owners, that will be Credits’ crosspoints at the same time, will be responsible for that.

This way, there is no guarantee, that the service’s equipment will always be in good condition?
There will be the guarantee due to the fact, that the company will financially encourage server owners to maintain their equipment in good condition. It also guarantees high bandwidth with minimal expenditures for equipment maintenance.
Can I ask, how much a server equipment owner will earn?
full member
Activity: 392
Merit: 100
Hello. I couldn’t find any information on what equipment. for service operation, the company would buy and how much money it would need for that? I'm interested in that, because I want to estimate now the speed with which Credits will work.
Hello! As far as I know, the company will not purchase server hardware for the service Third-party equipment owners, that will be Credits’ crosspoints at the same time, will be responsible for that.

This way, there is no guarantee, that the service’s equipment will always be in good condition?
There will be the guarantee due to the fact, that the company will financially encourage server owners to maintain their equipment in good condition. It also guarantees high bandwidth with minimal expenditures for equipment maintenance.
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