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Topic: [ANN]Pillar - The Personal Data Locker - 60hr Token sale begins July 15 - page 18. (Read 70645 times)

legendary
Activity: 1330
Merit: 1012
Token Sale Ends ...

01         00          23              30
Day     Hours     Minutes      seconds

Ether Goal         Transactions         Ether Received
264,000                11159                     106,607
hero member
Activity: 1148
Merit: 538
Why token is already being sold at the exchange?
newbie
Activity: 27
Merit: 0
Incase anyone is confused about the newbie account talking about the min cap.  The min cap was 8 million dollars.  It was reached within the first hour of the sale.
yes thats true, so dont be bother, pillar sale is on fire. it will be sold in few more hours just be patient. pillar is really good and and very nice ico for everyone so wait for further announcement regarding this.

Uh.. how is Pillar "really good?" They don't have a single line of code and their dev doesn't have any experience with large scale projects. All they have is an idea, a website and a hand open for free ICO money. How does anyone consider this a strong project?
hero member
Activity: 630
Merit: 500

That is good news right? 80 million tokens in the first few hours? I believe this project will still be successful, let's just wait until the end of ICO.
yes thats a very good new, i thought that sylon is really a good manager , because all of his campaign has been sold out in few more days or hours. we all hope for the successful of this campaign and also for the better bounty stakes also , we all want it definitely. lets wait for announcement tomorrow i think it will the end of sale by tomorrow.

That is true, Sylon do manage Encryptotel, Primal and now Pillar, all these campaign has been huge success. He is very efficient and effective at what he is doing
hero member
Activity: 888
Merit: 571
Payer sa baguette en BTC, c'est possible
The ICO will be success . Seen after 30 hours since ico started already generated almost half of the target.

This is already a success, over 106,000 Ether tokens has been raised, by this time tomorrow we should be talking of the ICO coming to an end. My only concern for the project is the dumping in price of Ethers

everything is going very well, we will make it before the end of the ICO, Pillar is a strong project, even in this bearish market it will complete its ICO
hero member
Activity: 854
Merit: 500

That is good news right? 80 million tokens in the first few hours? I believe this project will still be successful, let's just wait until the end of ICO.
yes thats a very good new, i thought that sylon is really a good manager , because all of his campaign has been sold out in few more days or hours. we all hope for the successful of this campaign and also for the better bounty stakes also , we all want it definitely. lets wait for announcement tomorrow i think it will the end of sale by tomorrow.
hero member
Activity: 1498
Merit: 586
Incase anyone is confused about the newbie account talking about the min cap.  The min cap was 8 million dollars.  It was reached within the first hour of the sale.
yes thats true, so dont be bother, pillar sale is on fire. it will be sold in few more hours just be patient. pillar is really good and and very nice ico for everyone so wait for further announcement regarding this.
hero member
Activity: 658
Merit: 500
The ICO will be success . Seen after 30 hours since ico started already generated almost half of the target.

This is already a success, over 106,000 Ether tokens has been raised, by this time tomorrow we should be talking of the ICO coming to an end. My only concern for the project is the dumping in price of Ethers
sr. member
Activity: 336
Merit: 250
In what markets will the tokens trade?
sr. member
Activity: 532
Merit: 327
Problem is like many ICOs they don't have ANY product at all. What you are part of is a crowdsale so they can make the product they dream will transform the world. The developer basically has interesting ideas about websites usage and has written some books on it but after listening to him talk he admits himself they have actually zero code done...zero. You are funding someone with an idea, a cool idea but just an idea.

It looks like Pillar won't hit their minimum cap. I assume they will not launch their project and issue refunds to all contributors?

How is the schedule for refunds looking? It is only right that you refund if you don't hit your min cap.

This will not hit its minimum cap. You should issue refunds to your investors.

Minimum funding was reached at first hours.

"Funding minimum: 80 million tokens"
https://pillarproject.io/purchase

That is good news right? 80 million tokens in the first few hours? I believe this project will still be successful, let's just wait until the end of ICO.

Of course it will be, they already collected a hella lot of money, we just have to wait until they start working on the wallet Smiley
full member
Activity: 168
Merit: 100
The ICO will be success . Seen after 30 hours since ico started already generated almost half of the target.
sr. member
Activity: 700
Merit: 250
Problem is like many ICOs they don't have ANY product at all. What you are part of is a crowdsale so they can make the product they dream will transform the world. The developer basically has interesting ideas about websites usage and has written some books on it but after listening to him talk he admits himself they have actually zero code done...zero. You are funding someone with an idea, a cool idea but just an idea.

It looks like Pillar won't hit their minimum cap. I assume they will not launch their project and issue refunds to all contributors?

How is the schedule for refunds looking? It is only right that you refund if you don't hit your min cap.

This will not hit its minimum cap. You should issue refunds to your investors.

Minimum funding was reached at first hours.

"Funding minimum: 80 million tokens"
https://pillarproject.io/purchase

That is good news right? 80 million tokens in the first few hours? I believe this project will still be successful, let's just wait until the end of ICO.
full member
Activity: 126
Merit: 100
Pillar isn't a security.  There is no reason why a person from the USA can not buy it.  I asked the team for a comment awhile back it is on this thread.

Is ICO time only 60 days?
Is not that a short time?
Why are you so sure of that short time?

Yes, the ICO will last 60 hours.

Is this an intention to fuel FOMO sentiment?

560,000,000 tokens available to the public, each cost $0.10 totaling $56 mil.
Do you really need that much money to build something that is not brick and mortar?

If I participate in your project, from where will I see the cash flow coming in (excluding token price appreciation listed in an exchange)?

I asked for the official word on this matter from the dev team.

"How will the profit sharing work?

This token, like almost every other blockchain-based token, has no profit sharing mechanism. It does not represent ownership or equity in the project, and the token is not a security. As with almost all other “Initial Coin Offering” tokens, there is inherent value in the tokens - they will be the unit of payment in the Pillar system. In many other cases, the value of the token has gone up in the months after the token sale. However, the token will be priced by the market, and it’s worth being aware that other tokens have not increased much in value and several have gone down. We have a long-term view. We believe our tokens will become valuable as our system becomes more real and gets traction with customers. As an open-source project, we believe people should have their own personal operating system, without any company owning it. If we work hard and get traction with users and OEM customers, we are sure the value of our token will rise.

We discourage investors who plan to sell for a quick profit. We are aiming to change the world. We are looking for supporters who believe in our vision."
newbie
Activity: 27
Merit: 0
Here is the part of that email:

After a rough start, where our servers were hit so hard we couldn’t change the web page, we finally got it going and took in $12 million in less than an hour. We are honored to have received purchases of Pillar tokens from over 7,000 people around the world. The average purchase is for 11 ether, making our token sale one of the largest grass-roots crowdfundings, ever!

Our Secret Weapon
Most token sales are open for 4 weeks. Ours is open for 60 hours. Why? Because we expected to run a “wholesale” campaign, where big buyers take most of our offering in minutes, like other recent big ICOs. Instead, it’s been the opposite - eager new and small “retail” investors piling into our project because they believe so much in our mission and want to support us. One guy even bought tokens for his young daughter to have when she grows up! In that context, it would be far better for us to run a 4-week campaign. But we don’t have 4 weeks, we have something better:

You.

We are asking our token holders to do everything they can over the next two days to at least double their own purchase by reaching out to people they know and telling them to buy pillars, because the more money we have the less risk for the project and the better for the ecosystem later. This is our only chance to raise money. We’ll never have another opportunity like we do right now.

Please, blog, call, talk, make videos, do whatever you can to get more people to buy Pillar tokens. If everyone reading this can get 30 more ether in sales, we will have enough to be a formidable, worldwide, open-source project. We’re counting on you to double our take in the next 24 hours.

We Changed Our Collective Mind
Well, David changed his mind - about blocking Americans from the web site. Americans can now see the regular site, read the terms of service, and purchase tokens on the Purchase page. Go try it!


Yeah they'll never have another opportunity because ICO regulations will happen. And allowing Americans in is an open invitation to the SEC!

Nail in the coffin for this project. Hope you didn't lose too much money!
newbie
Activity: 15
Merit: 0
Here is the part of that email:

After a rough start, where our servers were hit so hard we couldn’t change the web page, we finally got it going and took in $12 million in less than an hour. We are honored to have received purchases of Pillar tokens from over 7,000 people around the world. The average purchase is for 11 ether, making our token sale one of the largest grass-roots crowdfundings, ever!

Our Secret Weapon
Most token sales are open for 4 weeks. Ours is open for 60 hours. Why? Because we expected to run a “wholesale” campaign, where big buyers take most of our offering in minutes, like other recent big ICOs. Instead, it’s been the opposite - eager new and small “retail” investors piling into our project because they believe so much in our mission and want to support us. One guy even bought tokens for his young daughter to have when she grows up! In that context, it would be far better for us to run a 4-week campaign. But we don’t have 4 weeks, we have something better:

You.

We are asking our token holders to do everything they can over the next two days to at least double their own purchase by reaching out to people they know and telling them to buy pillars, because the more money we have the less risk for the project and the better for the ecosystem later. This is our only chance to raise money. We’ll never have another opportunity like we do right now.

Please, blog, call, talk, make videos, do whatever you can to get more people to buy Pillar tokens. If everyone reading this can get 30 more ether in sales, we will have enough to be a formidable, worldwide, open-source project. We’re counting on you to double our take in the next 24 hours.

We Changed Our Collective Mind
Well, David changed his mind - about blocking Americans from the web site. Americans can now see the regular site, read the terms of service, and purchase tokens on the Purchase page. Go try it!
newbie
Activity: 27
Merit: 0
I invested in the ICO because it seems like a good project but the email I got begging for more money is super amateur and is making me question this whole thing.  And now they opened it to the US as well half way through the ICO?  Very amateur.  

LOL that is precious... PLEASE paste the email here.
full member
Activity: 336
Merit: 102
I invested in the ICO because it seems like a good project but the email I got begging for more money is super amateur and is making me question this whole thing.  And now they opened it to the US as well half way through the ICO?  Very amateur. 
sr. member
Activity: 490
Merit: 250
Problem is like many ICOs they don't have ANY product at all. What you are part of is a crowdsale so they can make the product they dream will transform the world. The developer basically has interesting ideas about websites usage and has written some books on it but after listening to him talk he admits himself they have actually zero code done...zero. You are funding someone with an idea, a cool idea but just an idea.

It looks like Pillar won't hit their minimum cap. I assume they will not launch their project and issue refunds to all contributors?

How is the schedule for refunds looking? It is only right that you refund if you don't hit your min cap.

This will not hit its minimum cap. You should issue refunds to your investors.

Minimum funding was reached at first hours.

"Funding minimum: 80 million tokens"
https://pillarproject.io/purchase

amazing result only first hour can sell 80 million tokens
fantastic, i hope after listing in market exchanger fantastic too about volume transaction
full member
Activity: 168
Merit: 100
Bitcoin is the King
Problem is like many ICOs they don't have ANY product at all. What you are part of is a crowdsale so they can make the product they dream will transform the world. The developer basically has interesting ideas about websites usage and has written some books on it but after listening to him talk he admits himself they have actually zero code done...zero. You are funding someone with an idea, a cool idea but just an idea.

It looks like Pillar won't hit their minimum cap. I assume they will not launch their project and issue refunds to all contributors?

How is the schedule for refunds looking? It is only right that you refund if you don't hit your min cap.

This will not hit its minimum cap. You should issue refunds to your investors.

You don't know nothing you idiot. Learn to read before you open your mouth.
hero member
Activity: 868
Merit: 502
Problem is like many ICOs they don't have ANY product at all. What you are part of is a crowdsale so they can make the product they dream will transform the world. The developer basically has interesting ideas about websites usage and has written some books on it but after listening to him talk he admits himself they have actually zero code done...zero. You are funding someone with an idea, a cool idea but just an idea.

It looks like Pillar won't hit their minimum cap. I assume they will not launch their project and issue refunds to all contributors?

How is the schedule for refunds looking? It is only right that you refund if you don't hit your min cap.

This will not hit its minimum cap. You should issue refunds to your investors.

Minimum funding was reached at first hours.

"Funding minimum: 80 million tokens"
https://pillarproject.io/purchase
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