Topic: [ANN][RDD] Reddcoin The Social Currency [PoSV] Electrum Wallet 1.0.2 - page 233. (Read 688982 times)
January 27, 2014, 02:41:01 PM
OMG 250m RDD for one person, how is that fair. This is an IPO not a lottery and what stop the person that got the 250m not to dump the coins and again you already gave 0.1 BTC for 100 individuals as a giveaway who can sell the coins for less amount. Advise to potential investors, this is a fund raising for a project like on kickstarter not IPO. Lastly I want REFUND
January 27, 2014, 01:12:27 PM
There's no reason you can't have your cake and eat it. Early investors should be rewarded for investing early, but that does not mean you cannot use promotions or other incentives to attract further investment. It just has to be relative.
So 2nd stage investors get a bonus that won't be available to 3rd stage investors, however 2nd stage investors won't get more for their money than 1st stage investors. The reward shouldn't be vastly disproportionate either. Better to have many moderate winners than one or two massive ones.
So 2nd stage investors get a bonus that won't be available to 3rd stage investors, however 2nd stage investors won't get more for their money than 1st stage investors. The reward shouldn't be vastly disproportionate either. Better to have many moderate winners than one or two massive ones.
January 27, 2014, 01:07:35 PM
Ok let me think about this, maybe we can work something out.
Also, I would like to have more opinions on this, please reply.
Reddcoin
Also, I would like to have more opinions on this, please reply.
Reddcoin
January 27, 2014, 01:02:55 PM
Rewarding late investors over early investors just destroys your credibility as an IPO. You can do what you like, as it's your project, but I'm telling you, people aren't going to invest if they think the next person that comes along will get more coins than them at the whim of the developers.
Early investors take the largest risk, so they should be greater rewarded as they bare the greatest burden of risk. To undermine that destroys the very point of getting in early, and it will make people question investing in the future.
It's their money, and it is your project, but to undercut the early investors literally devalues their investment before your project even goes live. You know what? I'd be pretty livid too.
If person 1 pays 1btc for 1 million coins, and then person two comes along and pays 1btc for 2 million coins, you have basically halved the first person's investment. That's just an example, but you see the point.
Early investors take the largest risk, so they should be greater rewarded as they bare the greatest burden of risk. To undermine that destroys the very point of getting in early, and it will make people question investing in the future.
It's their money, and it is your project, but to undercut the early investors literally devalues their investment before your project even goes live. You know what? I'd be pretty livid too.
If person 1 pays 1btc for 1 million coins, and then person two comes along and pays 1btc for 2 million coins, you have basically halved the first person's investment. That's just an example, but you see the point.
January 27, 2014, 12:55:33 PM
The only rule i am trying to change is one..
Early adopters must get more than people who invest after the coin is released thats all i want to change after that i will try and invest more and help...
Otherwise i have just wasted my investment IMO
Early adopters must get more than people who invest after the coin is released thats all i want to change after that i will try and invest more and help...
Otherwise i have just wasted my investment IMO
I understand your point but unfortunately, it's impossible to please everyone. As I state in previous post, there was no incentive to 1st or 2nd week adopters, it's a 4 week plan for everyone. I decided to add the 250,000,000 coins giveaway to please some of the early investor and it's the best we are willing to do.
Hopefully, you understand our point. We really hope you are willing to help us in this project as we will need the help of every investor.
Reddcoin
January 27, 2014, 12:39:20 PM
Does this mean as i am an early investor i can get a refund of my investment after the coin has been released? because its cheaper to buy? And if we can get a refund will you put the ipo funds in an escrow account untill the 15th and people have decided?
Also how many people on the dev team?
Why is it slow getting answers from the dev team?
Why does the dev team not reply to emails and pms in a quick manner even when they are online
why is this thread so small and not a lot of promotion going on before the launch of this coin?
I am an investor i sent you my investor number so i think i deserve some answers thanks loz
As with any IPO, we don't do refund. As state before, rules we're clear from the start. Why are you trying to change them?
I'm currently working alone full time on this project. We are planning to hire staff once the IPO close. We don't need a dev team to clone Litecoin, they already have one. Our development will be done on our infrastructure to interact with social networks, after the IPO is close. Please see our business development page for more info.
http://www.reddcoin.com/business-development/
We are planning to hired support staff. I'm currently doing my best.
It's not a race, coin is not even release yet. This is not a pump and dump coin. There will be a lot more promotion in the coming weeks.
Reddcoin
January 27, 2014, 12:23:55 PM
To be quite honest the ipo should finish the moment the coin is released..
Why should late adopter get the same amount of coins that early adopters get thats crazy and totally unfair..
Its like going to the bank and asking for a loan and then saying wait 2 weeks i will see if the interest rate goes down it is not right.....
I have invested before you have released the coin.. So my risk is much, much, much greater than after the coin is released..
So i think the amount of coins you get for becoming an investor before release should be a lot more than after the release date! Invest after the release to check the investment potential should reduced the coins you get by 40% to make it fair to pre release investors...
250,000,000 for one person whats to stop you saying investor 106 got the coins and you not giving them out? or giving them to a person on the dev team...
thanks itsallpc
No it doesn't have to end before the coin is released. People usually invest in things that already exist and this is what we have decided to do. 2 weeks after coin release is still early investor. Rules were set and clear from the start, it would be unfair to change them.
We could livestream the result to prevent the possibility of cheating.
Reddcoin
January 27, 2014, 11:41:35 AM
Edit: We change our mind, we are not doing that. Keep reading...
Hi everyone,
We had an idea so we could reward early investors and keep our IPO the same.
On february 1st at 11h59 PM PST, we will reward one of the early investor with a sum of 250,000,000 Reddcoins. Those will be on top of what he will receive when IPO close on February 15th.
The winner will be randomly selected and your chance of winning are according to the amount of shares you own on february 1st at 11h59 PM PST.
This will bring down the amount of coin available at the end to 5.2 billion.
Let us know what you think.
Reddcoin
Hi everyone,
We had an idea so we could reward early investors and keep our IPO the same.
On february 1st at 11h59 PM PST, we will reward one of the early investor with a sum of 250,000,000 Reddcoins. Those will be on top of what he will receive when IPO close on February 15th.
The winner will be randomly selected and your chance of winning are according to the amount of shares you own on february 1st at 11h59 PM PST.
This will bring down the amount of coin available at the end to 5.2 billion.
Let us know what you think.
Reddcoin
January 27, 2014, 09:49:02 AM
The investor going in before mining starts are definitely taking more risk than those that wait to see how the launch goes. Maybe a higher cut for those in before Feb. 2 is a good idea.
January 27, 2014, 06:43:50 AM
I will give it a try
January 27, 2014, 05:12:01 AM
ummmm
January 27, 2014, 04:04:59 AM
i think 3% is enough.
For long-term development
For long-term development
January 27, 2014, 03:58:43 AM
good, I will have a try
January 27, 2014, 12:28:20 AM
I know REDDCoin is doing it with good intentions to convince people that its not a scam coin.
But from an investors point of view, this is bad.
For example, I invest x amount today.
If the coin generates good interest, more people will invest and I could see my investment value deteriorates over the two weeks period.
And if the coin doesnt generate any interest, then naturally I will lose my investment too.
So its a Fail/Fail for early investors with the current scheme.
But from an investors point of view, this is bad.
For example, I invest x amount today.
If the coin generates good interest, more people will invest and I could see my investment value deteriorates over the two weeks period.
And if the coin doesnt generate any interest, then naturally I will lose my investment too.
So its a Fail/Fail for early investors with the current scheme.
January 27, 2014, 12:21:40 AM
Or even close early. Close on Feb. 3rd so that people who are interested and are less risky taker than before launch could still get in instead of Feb. 15th...too long
January 27, 2014, 12:16:26 AM
Interested. But where's the reward for early investors?
May be you should consider two tier reward structure.
One which closes on launch date and the other one two weeks after the launch for less risky people
May be you should consider two tier reward structure.
One which closes on launch date and the other one two weeks after the launch for less risky people
Good idea but the RDD/BTC ratio is not set, all investors are sharing from the 5% premine so eventually the rewards will drop as more people invest in the IPO and this is not a second generation coin but a clone. It might be cheaper to buy after the launch from miners than falling for the dev get rich quick scam.
January 27, 2014, 12:15:55 AM
Good idea but the RDD/BTC ratio is not set, all investors are sharing from the 5% premine so eventually the rewards will drop as more people invest in the IPO and this is not a second generation coin but a clone. It might be cheaper to buy after the launch from miners than falling for the dev get rich quick scam.
Closing the IPO on february 15th will allow you to do that. If we close on february 2nd, you have no idea what the value could be. If you can buy Reddcoin cheaper after the launch, don't join the IPO.
Reddcoin
January 27, 2014, 12:12:43 AM
Early investor are the one taking part in the IPO. We only have 1 step of investor and registration close on february 15th.
Thank you for your interest.
Reddcoin
Thank you for your interest.
Reddcoin
Early investors are the ones who invest before the coin is released IMHO.
Once the coin is released, I could mine it, buy it from miners etc.
If the miners start selling coins, cheaper than your current list of investors, how would you justify their risk?
Its your coin and its your decision, but you are turning away some of the IPOs, because of this I believe.
Thats my 2 cents.
I am a risk taking person and if there is clear cut advantage for an early investor, I would try my luck.
But I dont see that in this one.
January 27, 2014, 12:01:45 AM
Interested. But where's the reward for early investors?
May be you should consider two tier reward structure.
One which closes on launch date and the other one two weeks after the launch for less risky people
May be you should consider two tier reward structure.
One which closes on launch date and the other one two weeks after the launch for less risky people
Good idea but the RDD/BTC ratio is not set, all investors are sharing from the 5% premine so eventually the rewards will drop as more people invest in the IPO and this is not a second generation coin but a clone. It might be cheaper to buy after the launch from miners than falling for the dev get rich quick scam.
January 27, 2014, 12:00:37 AM
Early investor are the one taking part in the IPO. We only have 1 step of investor and registration close on february 15th.
Thank you for your interest.
Reddcoin
Thank you for your interest.
Reddcoin
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