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Topic: [ICO] CombiCoin current investors up 75% in 1.5 month! Token sales reopened now! - page 32. (Read 29443 times)

hero member
Activity: 784
Merit: 1416
1.5 million dollars were collected. Only 500 thousand dollars left. I believe they will collect it if the markets improve
And I hope that by the time the ico end, the prices of crypto will be even more attractive than now. Cheesy

they will improve for sure, however we dont know when Smiley
full member
Activity: 364
Merit: 101
1.5 million dollars were collected. Only 500 thousand dollars left. I believe they will collect it if the markets improve
And I hope that by the time the ico end, the prices of crypto will be even more attractive than now. Cheesy
full member
Activity: 350
Merit: 171
1.5 million dollars were collected. Only 500 thousand dollars left. I believe they will collect it if the markets improve
newbie
Activity: 9
Merit: 0
Question 1:

If after launch 1 Combi coin equals a complete set (100%) of the investment into top 30 coins equally distributed with the weight of 1/30, then I have one question on that.

White paper:
"For 10 USD you will receive 1 CombiCoin
and 1 TRIA Token. Each CombiCoin, is 100% backed by the current top 30 of cryptocurrency."

For funding with 10 USD one gets 1 CombiCoin (and 1 TriaToken).

(BTC price, ETH price, ... Coin# 30 price) / 30 = 1 Combicoin (which is worth more than 10 USD at any current point).

How can someone get 1 CombiCoin for 10 USD, if that Coin's worth is way higher at the launch of this coin on major exchanges?

It would be as if free money is being given away, which does not circulate.
In theory if everyone would turn his CombiCoin into USD after launch for the price of 1 CombiCoin on exchanges, this would not work.

---

Question 2:

People have written that with the current low prices of most top coins CombiCoin would have a head start. Inthe white paper timeline is says for January 2018 "CombiCoin launched at major exchanges". Does that mean CombiCoin launches first time in 2018 on exchanges, or is this a general statement that CombiCoin launched at quite a few major exchanges "so far"?
full member
Activity: 239
Merit: 100
I joined this project through bounty twitter but I see this project at least late in developing maybe because enthusiasts from roject tida too much or the team of this project is very busy
full member
Activity: 167
Merit: 100
Co-founder Triaconta
I've invested €1500, here's why:

- With all recent China related FUD, I think a lot of demand has risen for more stable (and no less considerable) profit. The market consists of more than moonkids and speculators, also people simply looking for better returns than current savings rates;

- I find it hard to figure out which crypto's to hedge my bets on. There's a couple of relatively stable big ones, but with low profits, and a lot of promising newcomers, many of which turn out to be one day flies (a little too often for my taste). I do, however, have great faith in the rise of cryptocurrencies in general - in the crypto market as a whole. I firmly believe this market will grow substantially in 2018 (and the CombiCoins in proportion to it);

- Then there's the added revenue from the TRIA tokens. You get these basically as a bonus during the ICO, and there's no telling how much each token will generate over a lifetime;

- I'm very impressed with the team, not just their qualifications but also their transparency and professionalism. They answer all questions on this forum and in their telegram quickly and thoroughly. I've asked many questions myself, but haven't been able to find a single unconsidered circumstance or any fatal flaw. They seem to have thought of everything. The software they will implement has been tried and tested, and they know how to convey confidence in their product. Only thing is that, where other (less promising) coins like Paragon are all in your face, Triaconta keeps it pretty low key and rather focuses on quality. This means it's partly up to the community to get the word out, but personally I'm happy to contribute.

Hi Gambit, just wanted to thank you for your kind words. We'll try to keep up the good work and live up to what you are expecting from us.
full member
Activity: 770
Merit: 105
And where to find a subscription on the social networks? I watched in a branch and did not go there
hero member
Activity: 784
Merit: 1416
I also would add a bank for a saving account is giving much less in one year(in my case 1% interest rate Undecided) than what you will see in one month in this type of funds.
member
Activity: 89
Merit: 10
I've invested €1500, here's why:

- With all recent China related FUD, I think a lot of demand has risen for more stable (and no less considerable) profit. The market consists of more than moonkids and speculators, also people simply looking for better returns than current savings rates;

- I find it hard to figure out which crypto's to hedge my bets on. There's a couple of relatively stable big ones, but with low profits, and a lot of promising newcomers, many of which turn out to be one day flies (a little too often for my taste). I do, however, have great faith in the rise of cryptocurrencies in general - in the crypto market as a whole. I firmly believe this market will grow substantially in 2018 (and the CombiCoins in proportion to it);

- Then there's the added revenue from the TRIA tokens. You get these basically as a bonus during the ICO, and there's no telling how much each token will generate over a lifetime;

- I'm very impressed with the team, not just their qualifications but also their transparency and professionalism. They answer all questions on this forum and in their telegram quickly and thoroughly. I've asked many questions myself, but haven't been able to find a single unconsidered circumstance or any fatal flaw. They seem to have thought of everything. The software they will implement has been tried and tested, and they know how to convey confidence in their product. Only thing is that, where other (less promising) coins like Paragon are all in your face, Triaconta keeps it pretty low key and rather focuses on quality. This means it's partly up to the community to get the word out, but personally I'm happy to contribute.
sr. member
Activity: 336
Merit: 250
Combicoin is not an idea for future realisation, it's an asset. It's very good that the assets will be monitored to prevent dominance of a single coin. I think, it't useful project.
full member
Activity: 210
Merit: 101
Any store can buy, sell, and accept Crypto
Am I right in assuming that, if the markets continue to drop for the next two or so weeks, CombiCoin will be off to a lightning start?
Its not good but a GREAT start to buy at low and cheap BTC price! Your investments are directly converted to profit which can be sold off when market is bullish again to buy more investments. So its best time for Combicoin to start stashing top 30 Smiley
full member
Activity: 210
Merit: 101
Any store can buy, sell, and accept Crypto
Wait hold on... just a little longer... now just you bloody wait!!

You want us to give you a shit ton of money so you can invest with it, and then you pocket 50% of the profit?!

No thanks mate, please move on...
Please, get out of my way...
Really, get out of my face now.
Its very simple mate, they have demonstrated what they plan and wish to do. If you thing investing with them will be beneficial for you then you can do it. But if it makes you uncomfortable then don't disregard them, you can use your investment in some-other project to stash it Smiley
hero member
Activity: 784
Merit: 1416
Hi, is there any news about the exchanges the tokens will be tradable on?

They are communicating with big partners but there is no clear name yet. İconomi, a similar project, is traded on big exchanges like kraken, liqui. So that they are warm to such projects. Will enter shortly.
Now a days its not really easy to register on big exchanges and due to all the new rules and regulations, exchanges are taking longer to process the coins being listed. E.g. Bittrex only listed couple of coins post Aug-17 and there process can take atleast a month or two!

Yes, i think this is the reason why they are already in the process of being listed. Let's if we get some good news about it in the next days.
full member
Activity: 210
Merit: 101
Any store can buy, sell, and accept Crypto
Combicoin will be developing a semi-autonomous trading software which will need human intervention to confirm all transactions.
Considering major part i.e. 90%+ of all your ICO collection is going to Asset backing, what stopped you from developing a prototype to display the functionality of your trading software which I assume is used to make sure there is balance between Combicoin and Assets its based on?
Hello Combicoin team, I would like to know your reply on this point as well. It was one of my query posted earlier. Thank you.

91%+ will be used for the assets backing CombiCoin. If we did not do this then we would have an ICO for only the development of the software, which did not make sense to us.

We already developed similar software for the power exchanges epex spot and Nord Pool spot. This software is already making thousands of trades using the same mechanisms that will also be in our exchange software.

We launched our ICO to buy assets and Launch CombiCoin but also to raise funds to realize the automatic exchange software. We decided to use the ICO raise the funds for the development and in return share 50% of the profit with our ICO investors through the TRIA tokens. Development requires investment.
Okay, noted! This provides more information on your strategy and the need for ICO. Software development is equally important as the balance of assets and Combicoin will rely on it. TRIA as you mentioned before is just for profit sharing.
I agree development requires investment but purchasing of asset with 91%+ of ICO is just considered as stocking or stockpiling. Will there be any visibility of Assets bought and address on which it is stored? Any real-time balance monitoring which displays the amount of asset stored at different addresses?
How you will convince investors that the amount generated by ICO is safe and secured and not used for trading activities?
Bump! You missed my question again, never the less can you please clarify how the visibility part will be catered in buying of asset, their storage and monitoring as highlighted in my post above?

Also you highlighted buying/selling of 30 coins everytime Combicoin is created or destroyed, how will investors will be able to track this?

Are you planning to buy your pool of asset in bulk before hand in a Locked addresses can refer to them as VAULT and everytime combicoin in created or destroyed, you just deposit/withdraw the respective assets in/from VAULT?
As an investor, the most important aspect of your entire project is visibility of how you manage the investments and asset!

Missed that one indeed, sorry Shade!

Yes we will ensure that everything is transparant, so all wallets and such will be displayed. We will also create a near real time overview on www.combicoin.co (not live yet) of all assets and how that relates to the value of 1 COMBI.

Regarding the safekeeping of all assets, all wallets are owned by the CombiCoin & Triatoken foundation. Triaconta does not have unlimited acces to these funds. As mentioned in the whitepaper only 1% of the assets will be used for trading (also for creating/destroying). These assets will also be included in the total asset stockpile on www.combicoin.co. Your description of the VAULT and the deposit /withdraw is how we are going to do this.

The amount of CombiCoins will always be displayed on CombiCoin.co and when we create or destroy one this number will be adjusted.

Let me know if I missed anything

No problem at all Smiley .. In case if you miss something, I will ask back again. A near real time overview on www.combicoin.co (not live yet) of all assets and how that relates to the value of 1 COMBI would be really great to have. As this will let Investors or buyers judge as well, what they are getting for 1 Combicoin!
full member
Activity: 210
Merit: 101
Any store can buy, sell, and accept Crypto
Hi, is there any news about the exchanges the tokens will be tradable on?

They are communicating with big partners but there is no clear name yet. İconomi, a similar project, is traded on big exchanges like kraken, liqui. So that they are warm to such projects. Will enter shortly.
Now a days its not really easy to register on big exchanges and due to all the new rules and regulations, exchanges are taking longer to process the coins being listed. E.g. Bittrex only listed couple of coins post Aug-17 and their process can take atleast a month or two!
hero member
Activity: 784
Merit: 1416
Really interesting project, guys. I will probably invest some into this.

If you have any question feel free to ask here or on telegram
full member
Activity: 378
Merit: 104
Really interesting project, guys. I will probably invest some into this.
full member
Activity: 364
Merit: 101
My bad, I didn't read it as through fully as I should have before posting this, entirely makes sense to me. Keep up the good work!
Nothing wrong. The forum exists to ask questions and get answers. Smiley

Thanks! You beat me to the punch again  Smiley
Cheesy We try our best.

member
Activity: 119
Merit: 105
Semantically satiated.
you can find the exact procedure at page 9 and Appendix B of the whitepaper.

Anyway the idea is not to let any of the currency become dominant. So it could happen that a % of BAT is sold in the case you described.

Frequent change of the top-30 after fluctuations in the exchange rate is not the purpose of the CombiCoin.
Bi-monthly revision and rebalancing:

Quote
Together with Professor Dr Arie Buijs from the University of Utrecht we determined strict conditions how the initial top 30 is defined. There is a bi-monthly "Revision and rebalancing of the CombiCoin" during this procedure a check will be made to see if there is a need to include new cryptocurrencies in the top 30 and thus remove some other currencies from the top 30. After the selection has been made the rebalancing procedure will be initiated. Cryptocurrencies that need to be removed will be sold gradually and proceeds generated will be used for purchasing the new cryptocurrencies. After this, the new weight of all cryptocurrencies in the top 30 will be calculated in accordance with the “ideal” weight of 1/30. The cryptocurrencies that have been deemed to have too much weight in the CombiCoin will be partly sold. Again the proceeds generated by this procedure will be used to buy cryptocurrencies that have been deemed to not have enough weight in the CombiCoin. The costs of the rebalancing procedure will be minimal.



My bad, I didn't read it as through fully as I should have before posting this, entirely makes sense to me. Keep up the good work!
full member
Activity: 167
Merit: 100
Co-founder Triaconta
We are about to reach 1.5M with a little more than two weeks to go.
There is still time to get your question answered and get on board.

Already reached. Wink

Quote

1,501,734$
USD Raised



Thanks! You beat me to the punch again  Smiley
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