[ANN][OpenBeta] FirstBlood.io - Come Play!! 1ST Esports Competition Platform - page 60.

m1000

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Activity: 72

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Quote

Yes! FBT will be available to exchange for ETH and other digital currencies on both decentralized and centralized exchanges soon after launch in 2017. The price may fluctuate slightly because of changes in supply and demand/exchange fees but the final price will be more or less 1 ETH: 100 FBT.

Bingo! Your calculation is correct Cheesy

I have read these lines (above) 4 times but still I am not sure... My main concern is:
A) Will you keep this peg (1 ETH: 100 FBT) artificially? Artificially I mean anybody in 2018 who have 1 ETH
will be able (on your platform, smart contract etc.) to convert 1 ETH to 100 FBT automatically, guaranteed, no questions asked. Yes or no? or...
B) This peg (artificially fixed conversion rate) will NOT be available in 2018, 2019 and so on. If this is the case then nobody knows what the conversion rate will be in 2019, because everything will depend purely on exchange rates and free market. It could be 1:50 1:10 or 1:300 and so on.

m1000

member

Activity: 72

Merit: 10

As I understand Funding Team will not be able to sell their 7,5mln FBT for 12 month period starting from that date? Or I am wrong? How are you going to ensure this?

Will it be possible to see those addresses via block explorer where these 7,5mln FBT is (after crowdsale)?

m1000

member

Activity: 72

Merit: 10

Thank you!

How about covering back FBT to ETH?

1. Will it be possible to covering back using the same peg (100 FBT:1ETH:)?
or another peg e.g. (110 FBT:1ETH:)?

2. or...my only option will be to sell FBT on exchanges to whatever (BTC, ETC.. etc.)?

OmnesOmni

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Activity: 96

Merit: 10

Quote from: m1000 on August 23, 2016, 04:05:10 AM

"Tokens are pegged to ETH value (1 ETH: 100 FBT)"
Hmmm.

Will this peg (1 ETH: 100 FBT) be always available to exchange ETH to FBT? I mean after project lunches in 2017, 2018 and so on?
How about covering back FBT to ETH?

The whole amount of FBT tokens in circulation will be:

A+B+C

A) FBT converted from EHT during crowd sale
and
B) FBT 10mln
7,500,000 Funding team + 2,500,000 promotion fund=10mln
and
C) FBT converted from EHT after project lunches

Right?

Yes! FBT will be available to exchange for ETH and other digital currencies on both decentralized and centralized exchanges soon after launch in 2017. The price may fluctuate slightly because of changes in supply and demand/exchange fees but the final price will be more or less 1 ETH: 100 FBT.

Bingo! Your calculation is correct Cheesy

OmnesOmni

member

Activity: 96

Merit: 10

Quote from: m1000 on August 23, 2016, 03:49:20 AM

In FirstBlood White Paper.pdf
>
Disclaimer
>
Is section called:

"12) Risk of FBŦ Mining Attacks"
Hmmm if there is no mining - how this mining Attacks could occurre ? :-)

Haha there is no mining for FBT but there is mining for Ethereum. The overall system is susceptible to attack but the not very likely. Even Bitcoin has its weak points.

m1000

member

Activity: 72

Merit: 10

"Tokens are pegged to ETH value (1 ETH: 100 FBT)"
Hmmm.

Will this peg (1 ETH: 100 FBT) be always available to exchange ETH to FBT? I mean after project lunches in 2017, 2018 and so on?
How about covering back FBT to ETH?

The whole amount of FBT tokens in circulation will be:

A+B+C

A) FBT converted from EHT during crowd sale
and
B) FBT 10mln
7,500,000 Funding team + 2,500,000 promotion fund=10mln
and
C) FBT converted from EHT after project lunches

Right?

m1000

member

Activity: 72

Merit: 10

In FirstBlood White Paper.pdf
>
Disclaimer
>
Is section called:

"12) Risk of FBŦ Mining Attacks"
Hmmm if there is no mining - how this mining Attacks could occurre ? :-)

OmnesOmni

member

Activity: 96

Merit: 10

m1000, you can find more info about our project and pre-sale here

https://firstblood.io/faq/

OmnesOmni

member

Activity: 96

Merit: 10

1. Yes! FBT will be almost immediately on 3rd party centralized and decentralized exchanges.

More info here: https://firstblood.io/sale/

2. No, these tokens will be continuous issuance and will close once the pre-sale has completed. Tokens are pegged to ETH value (1 ETH: 100 FBT). Buy ins may resume once once the platform goes live next year.

3. No, at the moment there is no fixed supply.

4. Yes! Once the ecosystem gets going and new, bigger players utilize our platform there will be a higher demand FBT. We can expect to see more demand once we partner with other projects in the eSports ecosystem.

My pleasure m1000! Let us know if you have any more questions

m1000

member

Activity: 72

Merit: 10

Hello.

I have a few simple questions:

Will it be possible to trade FBT in exchanges after ICO but before public lunch?
Will these tokens FBT be mine able? Who determines the speed at which new FBT coins comes into existence?
FBT does not have a fixed number of max supply, or have it?
Can we predict the growth rate in circulation of FBT after Public Beta Release (~2017 May)?

Thank you!

OmnesOmni

member

Activity: 96

Merit: 10

Quote from: davidjcambra on August 15, 2016, 11:03:58 PM

Whats the present price??

Hi David!

The price at the start of the initial crowd sale will be 1ETH: 150 FBT for the first week of September 26th. The price will dilute until the last week to 1:100 and the sale will end on October 24th. We are thinking of some additional discount programs for members of our Slack (slack.firstblood.io) or large volume orders

More information can be found about our crowd sale on our white paper here: https://github.com/Firstbloodio/white-paper/blob/master/FirstBlood_White_Paper.pdf

Let us know what you think!

killerjoegreece

legendary

Activity: 1680

Merit: 1010

Professional Native Greek Translator (2000+ done)

Quote from: killerjoegreece on July 22, 2016, 03:27:01 AM

Quote from: firstblood.io on July 22, 2016, 02:32:13 AM

Quote from: killerjoegreece on July 21, 2016, 07:17:43 PM

the greek translation is complete here. https://bitcointalksearch.org/topic/m.15665586 enjoy guys.

Wonderful! Thank you man! Come to our slack and help us build the community! You will be the pioneer Tongue

I am coming. Can you disclose what the bounty amount would be and when we shall receive sir?

the Greek translation is not added to op. maybe i missed it tho Wink

firstblood.io

member

Activity: 85

Merit: 10

https://i.imgur.com/pqBLuhb.jpg

Thanks for doing the interview for us!

https://steemit.com/firstblood/@jasonmcz/firstblood-the-esports-rewards-platform-built-on-ethereum-gets-down-to-business-with-white-paper-release

ICOcountdown.com

hero member

Activity: 1008

Merit: 500

https://www.youtube.com/watch?v=IDxS8g_LOdA&feature=youtu.be interview with marco from https://firstblood.io/ Enjoy everyone

davidjcambra

full member

Activity: 134

Merit: 100

Whats the present price??

firstblood.io

member

Activity: 85

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https://i.imgur.com/pqBLuhb.jpg

Thank you! You rock!

ICOcountdown.com

hero member

Activity: 1008

Merit: 500

Congratulations you have been added to http://icocountdown.com

Never miss a crowdsale again!

OmnesOmni

member

Activity: 96

Merit: 10

The Portuguese will be need in due time, thank you again!

Slack has been very active and growing, this is amazing seeing as our whitepaper is in stealth mode lol. Speaking of which, we should be releasing v1 of our whitepaper next week. It goes into detail about our App Token Grin

ShooterXD

hero member

Activity: 924

Merit: 501

CryptoTalk.Org - Get Paid for every Post!

Csgo ever Win. Haha

Hey dev, dont forget about portuguese translation Wink

Cya

tuvok007

legendary

Activity: 1358

Merit: 1001

A cool name for esports platform,but it seem that there is not so much interest ...

Topic: [ANN][OpenBeta] FirstBlood.io - Come Play!! 1ST Esports Competition Platform - page 60. (Read 124280 times)