Topic: Goodomy [GOOD] - Launching May 24, 2018 // From the creator of the first ICO - page 17. (Read 23139 times)

I agree. I hope this gets noticed.

Seems like good timing for the ICR: https://www.sec.gov/news/press-release/2017-131

The future of this coin is bright, hoping to fly to the moon

Thanks for the notice. Which, in your opinion, should be the 1-2 exchanges we should focus on at this stage, besides YoBit?

If you have any pull with YoBit, help would be appreciated

Agreed. Seems to be a target. Thanks!

Thanks!

Thanks. Unfortuntely, YoBit hasn't responded to my tickets. I've had 2 open tickets (both free and premium) for more than 3 weeks:
https://bitcointalksearch.org/topic/m.19928092

Right now it seems that Bittrex and another, smaller exchange (not decentralized!) may be listing GOOD sppn. I will keep you posted.

Amazing work Kosmost! exciting news.
Regarding another communication channel, Discord sounds great. Slack has been receiving lots of spams and hacks not my favorite at the moment.

Good work kosmost!

Always bet on GOOD thanks for joining us!

Effective this month, or next month at latest, Good Karma will be known as "Goodomy"

-Your tokens and the token contract will remain the same. No need to change anything there.

-The ticker symbol will remain the same ("GOOD")

-The GoodKarmaCoin website will point to Goodomy.com

-A new logo will be created.

The new name will align with the main services web and mobile app, Shopomy, for the mass market, to be announced in a few months.

Any questions, please feel free to ask! Thanks

In 2014 I introduced the ICO to the cryptocurrency space (for Karmacoin). Today, I bring you the ICR.

What is an Indefinite Coin Repurchase?

An Indefinite Coin Repurchase (ICR) is a strategic program that token enterprises can use to reward those who already own tokens. Whereas tokens are purchased directly from an enterprise at a fixed price in an initial coin offering (ICO) in hopes of future gains, in an ICR the enterprise uses its profits to buy tokens back from token holders, rewarding them in the present.

While profits from an enterprise cannot legally be distributed to token-holders in the form of dividends in the US, per securities regulations, those same profits can be used to benefit token holders in other ways. The way that most benefits token holders may be an ICR.

With an ICR, a significant portion of profits - or even all profits - from the business will be used to buy back tokens from token holders either from exchanges or by allowing holders to tender their tokens directly to the enterprise at a fixed price, a kind of reverse-ICO.

What are the Benefits?

An ICR would reduce the number of tokens in circulation, potentially elevating the market value of remaining tokens held by the public. It will also prevent the enterprise from hoarding cash and cryptocurrency, an ongoing problem with ICO companies.

Also, whereas an ICO can only be done once, there is no limit to the number of ICRs that can be done for a token.

Why is it "Indefinite"?

To help mitigate market manipulation, the number of tokens that will be bought back and the amount that will be spent to buy those tokens will only be announced after the fact. However, when an ICR is announced for a token the timeframe for the repurchase should be announced as well. To voluntarily comply with SEC guidelines regarding stock repurchases (if the same was applied to tokens), tokens would be purchased from a single exchange during a single day.

There are some potential legal issues with ICOs. Could there be issues with ICRs?

Companies that issue shares may already have ongoing share repurchase programs, which is perfectly legal. SEC rule 10b-18 provides guidelines for share repurchases so companies will not be deemed to have violated anti-fraud provisions of the Securities Exchange Act of 1934 if the repurchases fall within the four conditions of the rule (manner of purchase, timing, price, and volume considerations).

Just a note for those who are unfamiliar with EtherDelta and may (or may not) be testing out the platform with exceedingly small trades, please refer to this page: http://goodkarmacoin.com/how-to-get-good/

I know it's difficult to use, but for now it's our only exchange until some of the larger ones stop obsessing over iCOs and start adding regular coins and tokens at their usual pace (and responding to tickets).

Regarding the choice between Slack/Discord, etc., does anyone have a preference (and why)?

Personally, I prefer Discord because it's robust. Slack's interface is a bit inefficient in my opinion, though it seems quite popular. Discord is also free and has more options. Telegram is more of an app, which I would not personally use (as web interfaces allow me to get more things done, faster).

Any ideas?

Hopefully some of the Karmacoin bag holders were able to pick up some coins. The lack of a swap for 'new Karma' (due to the billions of missing and stolen exchange wallets) is the main reason I created Good Karma.

There wasn't much interest in the coin in the beginning, even from Karmacoin holders We'll see what the next few weeks hold.

When I start to show some tangibles, then I think it should be worth a bit more as a project.

This is not a strict timetable, so it may change somewhat. If you have any suggestions or ideas please let me know. Thanks!

Hello, will GOOD be added to other exchanges? When? Meybe this will help to increase daily market cap and number of transactions? Thanks.

I submitted GOOD to YoBit nearly three weeks ago, to no avail. (I used their 'priority' service for 0.1 BTC). Such is the nature of some exchanges, I guess. But I suppose I should have checked their bct thread first to see all of the posters with similar problems.

Thanks so much for your comments. Yes, user feedback is essential. Really it's all about what users like, not so much what the developers like personally. Personal preferences only get us started but after that the people that will actually use the product/service give us important clues as to how to evolve.

Once we have the alpha ready then we'll ask for testers from the community. I'm happy that you'd like to volunteer!

Marketing is also essential and more focus will be on this as we progress. Much of my background is marketing but at this point it may not make sense to have momentum build without something that can be used now (hype around ICOs notwithstanding). Hype certainly adds to the coin price, so I understand that aspect as well. However, once the services are in place any perceived 'losses' due to lack of hype at this time would be negligible. This also provides people ample opportunity to observe and consider.

For communication, I'll probably set up a Discord channel. However, I won't have much time to manage it so may wait a bit on this, unless someone would like to volunteer to moderate.

Note that this topic will continue to be locked until https://bitcointalksearch.org/topic/m.20263763 is resolved with the poster agreeing not to post (as I have asked, due to me having to delete 12+ "scam!" messages).

Alternatively, a Discord channel can be set up. That does take some time to manage of course (which is time I'd rather spend adding value) but I do want people to continue to ask questions and also get some feedback.

For now, you're welcome to send me a PM and I will post the reply here, or you can also send me a message on the Good Karma website. unlocked (and still unresolved).

Thanks