🌟🌟🚀[ANN][PRESALE] Snapup -Big announcement is Here 🌟 🚀 - page 65.

Marenos

full member

Activity: 312

Merit: 106

Quote from: lsgnaija on August 16, 2017, 03:23:41 AM

Quote from: robocop3 on August 15, 2017, 05:41:41 PM

Quote from: magisterr on August 15, 2017, 03:11:55 PM

Quote from: matjas on August 15, 2017, 02:18:25 PM

Quote from: iGoodw1n on August 15, 2017, 02:01:08 PM

What will you do with tokens that wont be bought? And if you are going to destroy it how it will correlate with bounty amount?

I hope they can make an arrangement with some of the exchanges where the unsold tokens from presale will be sold.

what? unsold tokens must be burn.. like in other good ICO project.

usually the unsold tokens be burn, also the dev can distribute the unsold tokens to the former investor!

The unsold token can be used for marketing and advertising, upgrading the snapup platform, developing new innovation.

Thats it! Why Burning them, when you are able to use them? Especially in the beginning, marketing is so important. Maybe its possible to hold them back, Like the reserved ones for dev team and so on. So that they do not influence the price in a bad way.

chichidori

legendary

Activity: 1694

Merit: 1003

How about any unsold token can be put up for bidding at the site but not frequently, what i mean is every now and then a special bidding took place and a portion of any unsold token will be up for grabs.

ubercool

hero member

Activity: 1078

Merit: 504

Quote from: trademaniac on August 16, 2017, 02:34:40 AM

how Apply for participation in Twitter Bounty stakes distribution
Just write in the topic, do I have to log somewhere?

After filling the application form, all you have to do is to share as much as possible and post all your work in the given format in the bounty campaign thread. Hope it helps you.

lsgnaija

full member

Activity: 434

Merit: 101

Quote from: robocop3 on August 15, 2017, 05:41:41 PM

Quote from: magisterr on August 15, 2017, 03:11:55 PM

Quote from: matjas on August 15, 2017, 02:18:25 PM

Quote from: iGoodw1n on August 15, 2017, 02:01:08 PM

What will you do with tokens that wont be bought? And if you are going to destroy it how it will correlate with bounty amount?

I hope they can make an arrangement with some of the exchanges where the unsold tokens from presale will be sold.

what? unsold tokens must be burn.. like in other good ICO project.

usually the unsold tokens be burn, also the dev can distribute the unsold tokens to the former investor!

The unsold token can be used for marketing and advertising, upgrading the snapup platform, developing new innovation.

Heimer

sr. member

Activity: 518

Merit: 250

Quote from: pynetx on August 15, 2017, 11:20:35 PM

Quote from: chichidori on August 13, 2017, 04:40:34 AM

Quote from: pynetx on August 12, 2017, 11:48:49 PM

I like the part where user don't necessarily have to know about cryptos. Because not everyone is aware about them.

This is the best way for them to be introduce into crypto and interact with it, bidding using crypto is like an introduction to trading as well.

Yeah, that way everyone can be part of the crypto revolution.

And that's the key for mass adoption. If something is simple and gives you fun, people won't be complaining about "crypto stuff"

lsgnaija

full member

Activity: 434

Merit: 101

Quote from: Trrrt on August 15, 2017, 04:43:26 PM

The demo is pretty good. They will launch the platform in Q1 2018, we have to wait a bit but it's not so far for that kind of project, and our patience will be rewarded.
They have a lot of things to offer even after the launch, like new algorithm, just take a look at the roadmap !

Good thing that have a solid foundation takes time. Patience is the key. For snapping to achieve their aim and objective they need to implement features that will make them standout.

lsgnaija

full member

Activity: 434

Merit: 101

Quote from: Bambulee on August 15, 2017, 04:24:16 PM

I see in the platform are tradable digital goods! Only a Demo at the moment?

It will be convenient for online shopper to trade easily without stress like the other marketplace that will put restrictions on the goods to buy. Snapup will change how online shopper transact online

trademaniac

full member

Activity: 518

Merit: 106

how Apply for participation in Twitter Bounty stakes distribution
Just write in the topic, do I have to log somewhere?

jonnytracker

sr. member

Activity: 672

Merit: 261

this is interesting .. i am from India and shop alot in flipkart.com and other similar sites.. would love to see snapup in amazon.in too.. good luck snapup

no-ice-please

hero member

Activity: 955

Merit: 500

Quote from: Rigorous on August 15, 2017, 07:38:25 PM

Quote from: no-ice-please on August 15, 2017, 06:55:21 PM

Quote from: Rigorous on August 15, 2017, 06:28:49 PM

Quote from: no-ice-please on August 15, 2017, 06:06:47 PM

Quote from: no-ice-please on August 13, 2017, 12:51:09 PM

Ok but mathematically you can't purchase products at a lower price in the long run. If you participate in thousands of events, at some point your losses should be averaged with your savings and overall result in paying the original price of the product. When you save, someone has to pay, and when you pay, someone can save.

Would anyone from the team mind commenting on this? It is not precisely true to say that you could shop premium products at lower prices. Someone has to pay for your benefit, and in the end the community in aggregate didn't save a penny. In the long run, even an individual shouldn't be able to save money. Correct me if I am wrong please.

You can see in the whitepaper that the revenue per product is higher than its cost, because of the participation fee and winner's contribution. Theoretically you would be correct, except there's a way to push luck in your favor through the karma system. Anyway, the main thing to remember is that is designed around the sensation of winning a super discount. That is something worth in itself. And that psychological effect makes it a perfect investment.

Well, the expected value for any single individual participating in events should approach zero with zero = original product of the price under the assumption of an individual's participation converging ∞. This is not a new economic model.

You have a chance to buy it cheaper just like you have a chance to win 1000 in a lottery. You may end up spending more or less than the original amount in participation fees before you win the prize.

Besides, "the product" is a malleable concept, it's the combination of the tangible and intangible. Why is a 120 g of peas in a cute tin can more expensive than a pound of peas in a bag? Why do people buy coconut water? Why do we happily keep paying the Apple premium?

The point I am making is that I can't seem to find a "new economic model". There is no new economic model. It's a lottery with some extra spice called "Karma". A lottery is not a new economic model, is it?

Bambulee

sr. member

Activity: 532

Merit: 297

The future roadmap looks realistic and not too much steps. European Silicon Valley in September sounds nice. Wish All the best with the project.

pynetx

sr. member

Activity: 798

Merit: 262

Quote from: chichidori on August 13, 2017, 04:40:34 AM

Quote from: pynetx on August 12, 2017, 11:48:49 PM

I like the part where user don't necessarily have to know about cryptos. Because not everyone is aware about them.

This is the best way for them to be introduce into crypto and interact with it, bidding using crypto is like an introduction to trading as well.

Yeah, that way everyone can be part of the crypto revolution.

pynetx

sr. member

Activity: 798

Merit: 262

Quote from: kraterion on August 13, 2017, 04:23:37 AM

Quote from: pynetx on August 12, 2017, 11:48:49 PM

I like the part where user don't necessarily have to know about cryptos. Because not everyone is aware about them.

You know what's the important thing? Projects like Snapup will open doors to mainstream and I don't think I have to explain what will happen when even "Joe the taxi driver" (I don't mean to offend taxi drivers all over the world sorry Grin

) will put moneys into cryptos

None taken Wink

. You are right it will make crypto mainstream.

sserugh

member

Activity: 98

Merit: 10

After some more reading I understand your economic model a bit better. But to those who pay without getting anything(correct me if I am wrong), how will you convince them to continue paying? I mean, some people will pay and pay and pay, and loose a lot compared to just buying the products that they want?

Bambulee

sr. member

Activity: 532

Merit: 297

Amazing concept can't wait for the launch. best of luck for all.

Trrrt

full member

Activity: 448

Merit: 107

The chance is an aspect of the concept too, they will balance it with a Karma system. I think with time they will improve the system. It need a new economic model that's hard to explain, its not just buying a product at low price.
It a concept, a fusion of chance, auction, low price product and community platform.

Rigorous

full member

Activity: 574

Merit: 115

Quote from: no-ice-please on August 15, 2017, 06:55:21 PM

Quote from: Rigorous on August 15, 2017, 06:28:49 PM

Quote from: no-ice-please on August 15, 2017, 06:06:47 PM

Quote from: no-ice-please on August 13, 2017, 12:51:09 PM

Ok but mathematically you can't purchase products at a lower price in the long run. If you participate in thousands of events, at some point your losses should be averaged with your savings and overall result in paying the original price of the product. When you save, someone has to pay, and when you pay, someone can save.

Would anyone from the team mind commenting on this? It is not precisely true to say that you could shop premium products at lower prices. Someone has to pay for your benefit, and in the end the community in aggregate didn't save a penny. In the long run, even an individual shouldn't be able to save money. Correct me if I am wrong please.

You can see in the whitepaper that the revenue per product is higher than its cost, because of the participation fee and winner's contribution. Theoretically you would be correct, except there's a way to push luck in your favor through the karma system. Anyway, the main thing to remember is that is designed around the sensation of winning a super discount. That is something worth in itself. And that psychological effect makes it a perfect investment.

Well, the expected value for any single individual participating in events should approach zero with zero = original product of the price under the assumption of an individual's participation converging ∞. This is not a new economic model.

You have a chance to buy it cheaper just like you have a chance to win 1000 in a lottery. You may end up spending more or less than the original amount in participation fees before you win the prize.

Besides, "the product" is a malleable concept, it's the combination of the tangible and intangible. Why is a 120 g of peas in a cute tin can more expensive than a pound of peas in a bag? Why do people buy coconut water? Why do we happily keep paying the Apple premium?

haxllega

full member

Activity: 392

Merit: 100

It's a problem that recently there are so many ICOs providing a shopping platform and only few will survive you really have to outperform a lot of competitors

Elkmar

full member

Activity: 294

Merit: 100

Quote from: Trrrt on August 15, 2017, 06:36:01 PM

Yes the concept is also based on the sensation to win something, its not just buying discount product, you participate to a countest and your bids is based on your will intention. That mean that if you want more you should put more snapcoin in the auction, but it's not really an auction. The Snapup team keep saying that is a new economic model and it's not totally like a countest or an auction, but a different concept based on will intention.

I think the true question that he asked is, everybody can win ?

Because normally, there is no possibility that everybody can win, if there is a winner, there is a loser.

If not, it's not economically viable.

Even with the karma system, it would mean that good participants have a chance to have a good discount but bad participants to balance this could finally pay way more than the original price of the product (Via participation cost + the percentage of the product paid) to have something in return.

no-ice-please

hero member

Activity: 955

Merit: 500

Quote from: Rigorous on August 15, 2017, 06:28:49 PM

Quote from: no-ice-please on August 15, 2017, 06:06:47 PM

Quote from: no-ice-please on August 13, 2017, 12:51:09 PM

Ok but mathematically you can't purchase products at a lower price in the long run. If you participate in thousands of events, at some point your losses should be averaged with your savings and overall result in paying the original price of the product. When you save, someone has to pay, and when you pay, someone can save.

Would anyone from the team mind commenting on this? It is not precisely true to say that you could shop premium products at lower prices. Someone has to pay for your benefit, and in the end the community in aggregate didn't save a penny. In the long run, even an individual shouldn't be able to save money. Correct me if I am wrong please.

You can see in the whitepaper that the revenue per product is higher than its cost, because of the participation fee and winner's contribution. Theoretically you would be correct, except there's a way to push luck in your favor through the karma system. Anyway, the main thing to remember is that is designed around the sensation of winning a super discount. That is something worth in itself. And that psychological effect makes it a perfect investment.

Well, the expected value for any single individual participating in events should approach zero with zero = original product of the price under the assumption of an individual's participation converging ∞. This is not a new economic model.

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