Topic: [ANNOUNCING] XAP coin - Open-Source the Internet - API Marketplace - page 2. (Read 22614 times)

If they send it back, you should be grateful that they don't give you back 0.45BTC to reflect how much you'd have left if they'd let you buy 

Thank you for your replay - My mistake.
so when are they going to send my 1 btc back?

This: 

hey,

I sent 1 btc to the crowd sell address, transaction ID: https://blockchain.info/tx/4f424d848fc0bf867f5f4558fc61369b5bab28a55238ea2b2789b53777f826cb

but I don't see I have XAP coins in that address when I open my Omniwallet.

please help!

This is the original XAP IPO plan

Sir, DEV are very busy on the development.

How's the current price compared to IPO ? is it low or high?

low market cap and the beautiful WEB. however, why the DEV focus on the BTT

Here you go - https://poloniex.com/exchange/btc_xap

WTB xap, pm me your price and the amount.TKS

I missed the presale but I want to buy some now, where can I do?

@DEV, it's better to spend some time to take care this ANN thread, it can spread awareness over this most important community in the crypto world.

Copied the below information from http://buyxap.com/

The API Network Crowdsale is now complete: Thank you everyone for participating.
 
XAP are being distributed, please check your Omni Wallet via the address you sent the BTC from in order to see your XAP tokens (use a Chrome browser).

Man, you can check your XAP in https://www.omniwallet.org

I have sent BTC from blockchain.info wallet that has a private key. Why I don't get my XAP.....I was so nervous

so given the were expecting x thousand BTC....will they have enough to dev this api coin?

The above is from https://github.com/APINetwork/FAQ

I find these explanations unconvincing.

Accepting bitcoin is conflated with fiat payment processing.  There is no explanation of why accepting this new cryptocurrency is different from accepting bitcoin.  The opening statement about payment processing overhead is spurious and nonsensical.

Discovery is a non-issue.  A directory website solves this.

Competition.  How does creating a new fiefdom where an immense amount of new currency units are controlled by a small group foster competition?  There is also another spurious assertion being made that somehow this platform will remove the possibility of an API changing over time or going offline.

Paying for API access with cryptocurrency sounds reasonable.  Doing so with microtransactions makes sense, and this is something to work towards.

I will track this project over time but I am not convinced of its promises or viability, especially considering the content of the above FAQ item.

There is this underlying thread of promotion as sort of a proof of API system that doesn't really make sense.  Different proof of resource schemes (proof of storage, proof of bandwith, torcoin, etc.) may very well have credible reasons for the creation of separate cryptocurrencies.  I don't see the same holding true for what is essentially an API directory.  Anyone with an API can already easily create an automated pay-to-use structure with bitcoin.  Your api key is the public address from which you sent payment.  Your service turns off when you run out of credits.

Buy XAP address:
https://blockchain.info/address/12Stz3hoF1sY9J12GyMhsAGBa16vWrmufG
73 transactions, 61 BTC
Yet their twitter feed states that $5M USD was raised last year:
https://twitter.com/dai_truong/status/404798495669764096

I'm sure that there's something I've misconstrued about these two events.  Does anyone have insight into what's going on there?

I would also be curious to hear from some investors in the coin IPO as to why you think that this might be a viable platform.

the concept has pormise, eg API calls have value.

However so far people are giving API's away for free in most cases as they want you to be able to use their software to monitize it down the track some where, eg the ultimate audience is paying it through buy advertised products

essentially info aggregator (face book) want you to come in and use.

financial servers charge eg Bloomberg....but what happens when BTC takes over there anyway?

however

they buying from self, well they are givign you a chance to ride with them, if it all pans out (big if)

what I want to know is what do they do with the XAP not sold in the initial tranch.

They should just split it all with those that send BTC to start with.....

This is not scam, though the coin is a bit expensive
@Dev, could you give the timeline of this coin.

It seems this is not a scam, just a sneaky, shady, unethical and manipulative business deal to extract profit from others. Oh wait, that IS a scam! It's all so clear now:


ok


right






What a coincidence!


You want $540,000USD + 2,000,000 XAP to buy software from yourself, that you've already created and already own?



A much clearer picture is coming to light here.
Did your company spend a lot of money building a product which it can't or is having a lot of trouble monetizing?
What better way to monetize it than to buy out its proprietary software and restructure the company into a more profitable business?

Don't even try to give me any bullshit along the lines of "I don't own engine.co!" yea, you don't but you are the CTO and Johnston is the CEO. I would say you fucking own it wouldn't you?

So you ALREADY OWN Engine.co and now you want $540,000USD to buy what you've already made from yourselves.

Doesn't sound so nice of a deal now does it? You are like a carpenter who shows up to a job with a box full of tools and says "ok to start work I need you to buy me tools", and the client says "but you already have tools, they are right there, I can see them", and you say "those are my tools! not yours!! I'm not gonna build this thing unless you buy the tools I already own! and you still have to pay my salary as well!"

Am I Paraphrasing correctly?

What now? You want a ridiculous amount of money which you can hardly justify. The 900 BTC is just the tip of the iceberg. You then want thousands more BTC to create something that you will keep a large % control of. It also comes to light that your partner is one of the BitAngels creators, so he should have access to large amounts of investment capital. Why are you trying to rip off the community for money when you've got Mr. Moneybags on your team?



This project actually has/had a lot of promise, why did you have to sleaze it up with your greed?