What % is pre-mined?? What does ITO stand for?thnx.
ITO=Initial Token Offering. Similiar to ICO just different wording. Let us know if you have any other questions!
Yes
Topic: [ANN][SMBR] Sembro Token ITO (Bittrex) - page 41. (Read 98212 times)
ITO=Initial Token Offering. Similiar to ICO just different wording. Let us know if you have any other questions!
Yes
What % is pre-mined?? What does ITO stand for?thnx.
ITO=Initial Token Offering. Similiar to ICO just different wording. Let us know if you have any other questions!
Thanks Sembro and good luck, g
Thanks! Going to be another fun week in Crypto!
Thanks Sembro and good luck, g
So, if I send in 50 BTC I own all the coins.
What would this entail ? Would I have majority
control of the co. ? Maybe own it in full ?
What would this entail ? Would I have majority
control of the co. ? Maybe own it in full ?
Hey, you would not own all of the coins based on that scenario but a vast majority. Your ownership based on how Bittrex distributes them would be 50btc/total btc from buyers. So at this time with approx. 1.5btc in buys received if you bought 50btc worth you would own 50/51.5 (97.1% which is equal to 2.427M). If someone else buys 20btc worth after you then your total would be (50/71.5)*Total Number of coins. The generic formula for this is: (Your Buy Amount(btc)/Total Buys (btc) received by Bittrex)*(Total Coins) where total coins equals 2,500,000. Hope this is detailed enough to answer your question. Please let us know if you need anything else answered
We hope that by using the % distribution option from Bittrex it avoids this from happening. For instance if we had a set price and a set max market cap of say 100btc. Someone with deep piockets may be able to purchase every coin very quickly before others have the opportunity to purchase as has occurred with other coins but we wish to maintain a neutral position and not get involved with talking about past examples. By choosing the method we did to complete this process we hope it creates an equal opportunity for everyone involved!
So, if I send in 50 BTC I own all the coins.
What would this entail ? Would I have majority
control of the co. ? Maybe own it in full ?
What would this entail ? Would I have majority
control of the co. ? Maybe own it in full ?
Hey, you would not own all of the coins based on that scenario but a vast majority. Your ownership based on how Bittrex distributes them would be 50btc/total btc from buyers. So at this time with approx. 1.5btc in buys received if you bought 50btc worth you would own 50/51.5 (97.1% which is equal to 2.427M). If someone else buys 20btc worth after you then your total would be (50/71.5)*Total Number of coins. The generic formula for this is: (Your Buy Amount(btc)/Total Buys (btc) received by Bittrex)*(Total Coins) where total coins equals 2,500,000. Hope this is detailed enough to answer your question. Please let us know if you need anything else answered
So, if I send in 50 BTC I own all the coins.
What would this entail ? Would I have majority
control of the co. ? Maybe own it in full ?
What would this entail ? Would I have majority
control of the co. ? Maybe own it in full ?
Github Source Code:https://github.com/FuelCoinDev/Sembro-Token ?
Why your github is under FUELCOIN dir?
Why your github is under FUELCOIN dir?
We will add the article clarifying the ITO process on this thread as well. It is under FuelCoin, because that is one of our products we have developed and it made it quicker to add the source to Github and get the link to Bittrex to get the process live!
Github Source Code:https://github.com/FuelCoinDev/Sembro-Token ?
Why your github is under FUELCOIN dir?
Why your github is under FUELCOIN dir?
Maybe I missed it.. But how do i buy in? I can't put buy orders on Bittrex.
DIsregard - I wasn't logged in:( lol
DIsregard - I wasn't logged in:( lol
Maybe add it to the OP as well 
The ITO is percentage based so do not be alarmed by the 1.00btc priced sell orders. If for instance the total ITO brings in 50btc and you send in 2btc you get 2/50 or 1/25 (4%) of the total coins (2,500,000*.04)=100,000. Any questions please ask!
Glad you clarified that
I was thinking it was a little high Confused us as well from the start lol
We'll post an article today explaining the process better to clarify for everyone The ITO is percentage based so do not be alarmed by the 1.00btc priced sell orders. If for instance the total ITO brings in 50btc and you send in 2btc you get 2/50 or 1/25 (4%) of the total coins (2,500,000*.04)=100,000. Any questions please ask!
Glad you clarified that
I was thinking it was a little high
The ITO is percentage based so do not be alarmed by the 1.00btc priced sell orders. If for instance the total ITO brings in 50btc and you send in 2btc you get 2/50 or 1/25 (4%) of the total coins (2,500,000*.04)=100,000. Any questions please ask!
ITO is now live on Bittrex Exchange: https://www.bittrex.com/Market/Index?MarketName=BTC-_SMBR
I'm starting to think Bittrex is the problem with all these IPO/ICO/ITO'S, you can literally trade to yourself and create volume & demand at the loss of transaction fees afterwards...
Bingo!
Yep, then you get FREE shares!
See - BitSwift and any other "ICO" garbage
However, I will be watching this as at least appears they are trying to be legit, thumbs up for that.
Has a time been established for the launch today?
can you brief this coin, what's the difference with other coins,
I wouldn't say coin.
I would rather say this is like a share of Sembro Development Company.
Am I right ?
Can't legally refer to it as that under SEC regulations and it is not equity in the company. I would say it is more like a corporate bond-like instrument. But really it is in its own asset class.
can you brief this coin, what's the difference with other coins,
I wouldn't say coin.
I would rather say this is like a share of Sembro Development Company.
Am I right ?
can you brief this coin, what's the difference with other coins,
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