All I have found so far is the tangle whitepaper. Do you have an outline of the goal of the start-up and how exactly the coin ties into it?
Yes, it'll be made available in the coming week.
Topic: IOTA - page 752. (Read 1473405 times)
Hi, a couple of quick questions since the ICO seems to be the topic now:
How many % of the coins will the team keep?
Are you planning to prove somehow you're not "buying your own coins" from the ICO?
Is the ICO the only distribution method?
How many % of the coins will the team keep?
Are you planning to prove somehow you're not "buying your own coins" from the ICO?
Is the ICO the only distribution method?
0% of the coins go to the team. The team will be compensated via funds raised in the ICO, no pre-mine. We'll have to buy our tokens just like everyone else.
Yes
ICO is indeed the only distributon method for this project for a couple of reasons:
1) It's the only way we'll get compensated for our work and development, since we have zero premine
2) It's the only way to ensure that the tokens are actually valued, which is needed to kickstart the ecosystem that will form around them and be part of their function
Won't you be compensated by your start-up? ICO's are NOT a good way to establish value, much less the only way.
Start-ups in the hardware industry does not pay dividends for quite some time, especially when it's not just a shiny toy for Kickstarter.
But ICOs are indeed a good way to establish value, it automatically spawns a sizable community that has a direct incentive to keep a platform alive. This is the problem with all these 1000 plus random PoW coins, they have absolutely no incentive. ICOs are not perfect, but they are better than the alternatives for a project such as this.
All I have found so far is the tangle whitepaper. Do you have an outline of the goal of the start-up and how exactly the coin ties into it?
Hi, a couple of quick questions since the ICO seems to be the topic now:
How many % of the coins will the team keep?
Are you planning to prove somehow you're not "buying your own coins" from the ICO?
Is the ICO the only distribution method?
How many % of the coins will the team keep?
Are you planning to prove somehow you're not "buying your own coins" from the ICO?
Is the ICO the only distribution method?
0% of the coins go to the team. The team will be compensated via funds raised in the ICO, no pre-mine. We'll have to buy our tokens just like everyone else.
Yes
ICO is indeed the only distributon method for this project for a couple of reasons:
1) It's the only way we'll get compensated for our work and development, since we have zero premine
2) It's the only way to ensure that the tokens are actually valued, which is needed to kickstart the ecosystem that will form around them and be part of their function
Won't you be compensated by your start-up? ICO's are NOT a good way to establish value, much less the only way.
Start-ups in the hardware industry does not pay dividends for quite some time, especially when it's not just a shiny toy for Kickstarter.
But ICOs are indeed a good way to establish value, it automatically spawns a sizable community that has a direct incentive to keep a platform alive. This is the problem with all these 1000 plus random PoW coins, they have absolutely no incentive. ICOs are not perfect, but they are better than the alternatives for a project such as this.
Hi, a couple of quick questions since the ICO seems to be the topic now:
How many % of the coins will the team keep?
Are you planning to prove somehow you're not "buying your own coins" from the ICO?
Is the ICO the only distribution method?
How many % of the coins will the team keep?
Are you planning to prove somehow you're not "buying your own coins" from the ICO?
Is the ICO the only distribution method?
0% of the coins go to the team. The team will be compensated via funds raised in the ICO, no pre-mine. We'll have to buy our tokens just like everyone else.
Yes
ICO is indeed the only distributon method for this project for a couple of reasons:
1) It's the only way we'll get compensated for our work and development, since we have zero premine
2) It's the only way to ensure that the tokens are actually valued, which is needed to kickstart the ecosystem that will form around them and be part of their function
Won't you be compensated by your start-up? ICO's are NOT a good way to establish value, much less the only way.
Guys, if you don't stop trolling I'll start abusing moderating power without paying much attention who is right and who is wrong. It's my thread and I set the rule "no trolling allowed".
He's right, my cool watch"ing" picture post was deleted.
how is a 0% premine any more fair than you raising BTC and repaying yourself for the coins you "purchased"?
either way you are receiving BTC and you are using BTC to buy said coins. they're free coins for you and less BTC for development.
if you were investing personal funds, why not put that into the development and just take a premine?
either way you are receiving BTC and you are using BTC to buy said coins. they're free coins for you and less BTC for development.
if you were investing personal funds, why not put that into the development and just take a premine?
What is the difference?
0% of the coins go to the team. The team will be compensated via funds raised in the ICO, no pre-mine. We'll have to buy our tokens just like everyone else.
ie. we will have no reason to continue working on the coin as we will not be vested in it and have already received another currency we could cash out into FIAT
I have no problem understanding this concern, given the space that we're in (crypto is the wild wild wild west after all), but your assumption here is blatantly wrong. We chose 0% premine because that is what is the absolute most fair to every party involved. We are basing our entire start-up around IoT, which we've been working on in stealth for a year, as explained in OP this is what prompted us to develop IOTA. It is a necessary ingredient for the vision of IoT that our start-up is focused on. On top of this all of us will invest our personal funds into IOTA, so no we have a ton of incentive to make IOTA a success.
how is a 0% premine any more fair than you raising BTC and repaying yourself for the coins you "purchased"?
either way you are receiving BTC and you are using BTC to buy said coins. they're free coins for you and less BTC for development.
if you were investing personal funds, why not put that into the development and just take a premine?
It is more fair because it means it's entirely up for grabs to anyone. There is no coins arbitrarily set aside for the developers. If the community insist, please feel free to donate free iotas to us after the ico
0% of the coins go to the team. The team will be compensated via funds raised in the ICO, no pre-mine. We'll have to buy our tokens just like everyone else.
ie. we will have no reason to continue working on the coin as we will not be vested in it and have already received another currency we could cash out into FIAT
I have no problem understanding this concern, given the space that we're in (crypto is the wild wild wild west after all), but your assumption here is blatantly wrong. We chose 0% premine because that is what is the absolute most fair to every party involved. We are basing our entire start-up around IoT, which we've been working on in stealth for a year, as explained in OP this is what prompted us to develop IOTA. It is a necessary ingredient for the vision of IoT that our start-up is focused on. On top of this all of us will invest our personal funds into IOTA, so no we have a ton of incentive to make IOTA a success.
how is a 0% premine any more fair than you raising BTC and repaying yourself for the coins you "purchased"?
either way you are receiving BTC and you are using BTC to buy said coins. they're free coins for you and less BTC for development.
if you were investing personal funds, why not put that into the development and just take a premine?
0% of the coins go to the team. The team will be compensated via funds raised in the ICO, no pre-mine. We'll have to buy our tokens just like everyone else.
ie. we will have no reason to continue working on the coin as we will not be vested in it and have already received another currency we could cash out into FIAT
I have no problem understanding this concern, given the space that we're in (crypto is the wild wild wild west after all), but your assumption here is blatantly wrong. We chose 0% premine because that is what is the absolute most fair to every party involved. We are basing our entire start-up around IoT, which we've been working on in stealth for a year, as explained in OP this is what prompted us to develop IOTA. It is a necessary ingredient for the vision of IoT that our start-up is focused on. On top of this all of us will invest our personal funds into IOTA, so no we have a ton of incentive to make IOTA a success.
ie. we will have no reason to continue working on the coin as we will not be vested in it and have already received another currency we could cash out into FIAT
They will still have 90% of JINN.
0% of the coins go to the team. The team will be compensated via funds raised in the ICO, no pre-mine. We'll have to buy our tokens just like everyone else.
ie. we will have no reason to continue working on the coin as we will not be vested in it and have already received another currency we could cash out into FIAT
ICO is indeed the only distributon method for this project for a couple of reasons:
1) It's the only way we'll get compensated for our work and development, since we have zero premine
2) It's the only way to ensure that the tokens are actually valued, which is needed to kickstart the ecosystem that will form around them and be part of their function
1) It's the only way we'll get compensated for our work and development, since we have zero premine
2) It's the only way to ensure that the tokens are actually valued, which is needed to kickstart the ecosystem that will form around them and be part of their function
You forgot about technical impossibility to issue coins over time.
Hi, a couple of quick questions since the ICO seems to be the topic now:
How many % of the coins will the team keep?
Are you planning to prove somehow you're not "buying your own coins" from the ICO?
Is the ICO the only distribution method?
How many % of the coins will the team keep?
Are you planning to prove somehow you're not "buying your own coins" from the ICO?
Is the ICO the only distribution method?
0% of the coins go to the team. The team will be compensated via funds raised in the ICO, no pre-mine. We'll have to buy our tokens just like everyone else.
Yes
ICO is indeed the only distributon method for this project for a couple of reasons:
1) It's the only way we'll get compensated for our work and development, since we have zero premine
2) It's the only way to ensure that the tokens are actually valued, which is needed to kickstart the ecosystem that will form around them and be part of their function
Are you planning to prove somehow you're not "buying your own coins" from the ICO?
Not possible regardless of what they tell you. This is cryptocurrency, there is 0 validation of who is buying anything. You know better than that.
I don't know. A lot of things have been considered impossible before, like scalable trustless electronic cash.
Are you planning to prove somehow you're not "buying your own coins" from the ICO?
Not possible regardless of what they tell you. This is cryptocurrency, there is 0 validation of who is buying anything. You know better than that.
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