Topic: DataBits - New in-game Token Sale on 30 Jan 2017! - page 3. (Read 15564 times)

I think it can best be compared with Spells of Genesis. This one is around 10 million market cap. But it will take time. The Augmentors Alpha release is planned for 2 months tho, i think.

Sounds interesting, I actually first seen it on Bittrex this morning and came here to look into it. Buying all I can under 20 cents (~0.0002) as I think it has the potential to at least hit $1.00 at some future point, if not more. With the new ~21 mil coin cap, that is only around a $21 mil market cap, which is not too hard for an alt to achieve these days.

Now I need to check out the game aspect and see what the real potential is.

the price is not high,i will buy some,and the pro is very intrsting

Bittrex with ticker DTB. It's one the front page. Price is 18k satoshi's.

Are you sure of Bittrex, I can't find it on Bittrex, even on coinmarketcap.com only TUXexchange was listed there. Please calrify this if the Bittrex news is true

I think it was not 500k. My mistake. I dunno how much they received.

http://www.itweb.co.za/index.php?option=com_content&view=article&id=159105:Vinny-Lingham-backed-AR-game-wows-with-Bitcoins&catid=250&utm_content=bufferd3841&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Total number of unburnt Databits will be 15 217 819 (from Backers) and 6 521 922 (from the Company) or 21,739,741.

So that means:

0.00021991 BTC  x   21,739,741    =   4.782 btc market cap.

Around 5 million market cap of which 30% is owned by the devs.

Additionally they have also received some amount of venture capital from Vinnie Lingham* I think.

https://blockscan.com/assetInfo/DATABITS


See the asset holding addresses in the counterparty blockexplorer. 80 per cent of the DATABITS tokens are held by the address  1Rjkk2nrfmFbYN3fvxkdsEQi6QtJPnWKS.

Dear developers .. Please explain this !!!

Dear all ICO backers and the wider Augmentors community,
 
You have made it possible for us to realise our dream of developing Augmentors, a ground-breaking AR game. Over the last few weeks, we’ve received a few requests from the community to re-evaluate the economies of Databits. Thank you for reaching out with all your comments and concerns; we’ve taken them all into consideration.
 
We said during the ICO, we would retain 30,000,000 Databits for use by the company during development of the game. After the ICO, and after the feedback received from our backers, we considered and debated whether the current agreement is in the the best interests of our most important stakeholder, our backers.
 
After  studying several options to determine the best way of adjusting the Databits allocation so as to  ensure that all stakeholders are correctly incentivised, this is our final decision on Databit allocation:
 
1.   As described during the ICO, we will burn all unsold Databits from the 70,000,000 allocated for the ICO. During the ICO, we sold 15,217,819 DTB and thus, the remaining 54 782 181 Databits will be burnt.1
2.   The company will reduce our Databit holding to 30% of total Databits in circulation and not the previously advertised 30,000,000 Databits. Thus, the company will retain 6,521,922 Databits.1
3.   This means that the total number of unburnt Databits will be 15 217 819 (from Backers) and 6 521 922 (from the Company) or 21,739,741 Databits and the total number of Databits to be burnt will be 78,260,259 Databits.1
 
We believe that this action will protect the interests of our community and that stakeholders’ interests are aligned. Backers will now control 70% of the market cap of Databits. Furthermore, as a company, we are confident that we can execute the development, marketing and launch of the game using the ICO funds and remaining 6,521,922 DTB.1
 
In terms of process, all outstanding Databits earned during the ICO will be distributed prior to the 1st of April, as indicated in the terms and conditions. The bounty campaign Databits will be distributed over a 3-month interval starting on the 1st of April. Lastly, once all Databits have been successfully distributed, the outstanding Databits will be burnt. An update with more details will be released closer to the time.
 
Thank you once again for all the support you have shown us. We look forward to sharing an update on the progress of Alpha’s development soon.

1These numbers are currently undergoing a final internal audit and may adjust slightly; however, the principle of burning the unsold Databits down to a 30% ratio will not change. A final update will be posted as soon as the numbers are verified.
 
Many thanks,
 
The Augmentors Team

So the marketcap at actual prices on bitrex (22k SAT) is at 22k BTCs or 24.2 million USD. Not bad lol

Is this that group of guys that were on shark tank?

"We have created 100 000 000 (one hundred million) Databits in total, allocating 70% of that towards a Token Sale (which forms part of a crowdfunding campaign). The remaining 30% will be split and used to create awareness, promotion and development for the game. The Databits will be locked, meaning no more Databits can ever be issued thereafter.
"

100 million is the supply with a 30% premine. I'll let you be the judge.

max supply?

Interesting, can't wait to try the game..

Interesting idea i would like to be part of this project and game. I can translate your ANN in tagalog to gain more members and investors.
I would like to reserve now, so i can start immediately.
Goodluck.

I am interested in adding this to http://icocountdown.com

Please contact me:

Email: [email protected]

Skype: icocountdown

Wow man I love Augmented games 
I'm watching this for sure

I tried quoting OP's announcement to check the graphics of the project but none of the images worked so please kindly checked the links again.

Is there escrow for the ICO? Also what are you gonna do with unsold tokens from the ICO - burn or keep them?

Who are the members of your team and where are you based?