Topic: [PIO] Pioneershares - REBRANDED TO AMSTERDEX - page 55. (Read 82855 times)
how can i send my 1000 chips from yobit if the wallet still in maintenance? just wanna try the ico 2.
At what rate can I exchange my Chipcoin on PIO?
1chip=300sat
333333,33chip=1btc
at the end of ico will be the great maths to see the price.
At what rate can I exchange my Chipcoin on PIO?
That will be known after crowdund completion. 
At what rate can I exchange my Chipcoin on PIO?
And follow Banzai's advice, write to support, DONT WRITE IN THEIR TROLLBOX. They used to ban for posting in chat, you can ask, but after you withdraw your coins, otherwise you might be banned and unbanning could take longer than round 2 ending period.
Looking at BlockPioneers, 10% of chipcoins is already pledged. Banzai, does this include stucked yobit transactions or not? If so, how much is stucked for pledging?
Looking at BlockPioneers, 10% of chipcoins is already pledged. Banzai, does this include stucked yobit transactions or not? If so, how much is stucked for pledging?
I want to advise all of you who have a pending CHIP deposit/withdraw on yobit to write them a support message.. The issue is on their side..
I put in a support form myself too, and a few pms..
Edit: Moderator forwarded message to admins
I put in a support form myself too, and a few pms..
Edit: Moderator forwarded message to admins
@tomkat
thanks
thanks
PM sent to Blacksmith on Yobit
Support ticket send to Yobit
Funny how the chip wallet is out of sync all of a sudden..
Support ticket send to Yobit
Funny how the chip wallet is out of sync all of a sudden..
They wont fix it until you pay the extra fee..
If that is true, I'm shocked
It is the responibilty of an exchange to fix the wallet issue on their side if there is no overall network problem..
Paying for that would be rather silly..
PM sent to Blacksmith on Yobit
Support ticket send to Yobit
Funny how the chip wallet is out of sync all of a sudden..
Support ticket send to Yobit
Funny how the chip wallet is out of sync all of a sudden..
They wont fix it until you pay the extra fee..
@tomkat
http://blockpioneers.info/shares/project.php#pioneershares
and
What makes you believe to conclude that (average price) during this share offering means 300 base??? Please quote Banzai where het sets the base for chipcoin of 300.
http://blockpioneers.info/shares/project.php#pioneershares
Quote from: As far as I know, it is not fixed and this is what it says on blockpioneers
Distribution Model
Example - Round one raises 70 BTC in share offering. Distribution will be 70% PioneerShares for Bitcoin investors, and 30% PioneerShares for Chipcoin investors.
Example - Round one raises 70 BTC in share offering. Distribution will be 70% PioneerShares for Bitcoin investors, and 30% PioneerShares for Chipcoin investors.
and
Quote
Share Offering
A total of 190 000 shares will be held for public sale. 10 000 for promotion campaign. You can invest using Bitcoin in round one, and Chipcoin in round two. The Chipcoin marketcap is pegged at 30 BTC (average price) during this share offering.
A total of 190 000 shares will be held for public sale. 10 000 for promotion campaign. You can invest using Bitcoin in round one, and Chipcoin in round two. The Chipcoin marketcap is pegged at 30 BTC (average price) during this share offering.
What makes you believe to conclude that (average price) during this share offering means 300 base??? Please quote Banzai where het sets the base for chipcoin of 300.
See below
OK, but what if CHIP price will be changing significantly?
Don't you think the fixed CHIP/BTC ratio should be defined explicitly?
Don't you think the fixed CHIP/BTC ratio should be defined explicitly?
There had to be drawn a line at some height.. So I choose for the avarage trading price of 300 Satoshi..
If the price goes higher because of round two, I will not change the set price. That would be unfair for people in round one..
This is not a swap, but an investment opportunity for both rounds.. There is no telling at this point how many coins will be collected in round two.. or what will happen with the markets..
So, 300 sats is official fixed exchange ratio for CHIP/BTC in round 2, correct...?
100% Correct..
On another note, the holding in chipcoin is very strong.. and long term visioned for most of the people involved.. The ones who do invest, will probably continue that vision in PIO
PM sent to Blacksmith on Yobit
Support ticket send to Yobit
Funny how the chip wallet is out of sync all of a sudden..
Support ticket send to Yobit
Funny how the chip wallet is out of sync all of a sudden..
Its easy math guys.. dont make it harder as it is.. lol
Chipcoin is pegged at 30BTC marketcap.. Chipcoin has a spendable supply of ~10 million.. thus 300 satoshi each..
Chipcoin is pegged at 30BTC marketcap.. Chipcoin has a spendable supply of ~10 million.. thus 300 satoshi each..
Chip is your previous project, isn't it?
Yes and No
I acted as community take-over developer..
Please read the OP for more info
Its easy math guys.. dont make it harder as it is.. lol
Chipcoin is pegged at 30BTC marketcap.. Chipcoin has a spendable supply of ~10 million.. thus 300 satoshi each..
Chipcoin is pegged at 30BTC marketcap.. Chipcoin has a spendable supply of ~10 million.. thus 300 satoshi each..
Chip is your previous project, isn't it?
What amount of coins will be distributed, could't see this in the OP?
Total amount is 190 k PIO, but what's the amount of PIO that will be distributed in round one for BTC investors?
This all depends on the total outcome of round one and two together..
Example:
Round one raised 10 BTC
Round two raised 3.33 million Chipcoin = ~10 BTC
Chipcoin is pegged at 300 satoshi each, this is the average price of Chipcoin, and current market buy price.
Round one = 50% shares
Round two = 50% shares
Don't think Chipcoin holders are at an advantage here.. Every coin used in the crowdfund is bought once before on the free market.. This is the same for Bitcoin and Chipcoin.. Some bought cheap, some bought high..
The collected Chipcoin will be used for multiple new campaigns, and exchange promotions..
Thanks for clarification
As I've said before.. The figures in the OP are described as examples..
Using 70BTC as example for BTC, and the entire supply of Chipcoin
What amount of coins will be distributed, could't see this in the OP?
Total amount is 190 k PIO, but what's the amount of PIO that will be distributed in round one for BTC investors?
This all depends on the total outcome of round one and two together..
Example:
Round one raised 10 BTC
Round two raised 3.33 million Chipcoin = ~10 BTC
Chipcoin is pegged at 300 satoshi each, this is the average price of Chipcoin, and current market buy price.
Round one = 50% shares
Round two = 50% shares
Don't think Chipcoin holders are at an advantage here.. Every coin used in the crowdfund is bought once before on the free market.. This is the same for Bitcoin and Chipcoin.. Some bought cheap, some bought high..
The collected Chipcoin will be used for multiple new campaigns, and exchange promotions..
Thanks for clarification
Its easy math guys.. dont make it harder as it is.. lol
Chipcoin is pegged at 30BTC marketcap.. Chipcoin has a spendable supply of ~10 million.. thus 300 satoshi each..
Chipcoin is pegged at 30BTC marketcap.. Chipcoin has a spendable supply of ~10 million.. thus 300 satoshi each..
What amount of coins will be distributed, could't see this in the OP?
Total amount is 190 k PIO, but what's the amount of PIO that will be distributed in round one for BTC investors?
This all depends on the total outcome of round one and two together..
Example:
Round one raised 10 BTC
Round two raised 3.33 million Chipcoin = ~10 BTC
Chipcoin is pegged at 300 satoshi each, this is the average price of Chipcoin, and current market buy price.
Round one = 50% shares
Round two = 50% shares
Don't think Chipcoin holders are at an advantage here.. Every coin used in the crowdfund is bought once before on the free market.. This is the same for Bitcoin and Chipcoin.. Some bought cheap, some bought high..
The collected Chipcoin will be used for multiple new campaigns, and exchange promotions..
@tomkat
http://blockpioneers.info/shares/project.php#pioneershares
and
What makes you believe to conclude that (average price) during this share offering means 300 base??? Please quote Banzai where het sets the base for chipcoin of 300.
http://blockpioneers.info/shares/project.php#pioneershares
Quote from: As far as I know, it is not fixed and this is what it says on blockpioneers
Distribution Model
Example - Round one raises 70 BTC in share offering. Distribution will be 70% PioneerShares for Bitcoin investors, and 30% PioneerShares for Chipcoin investors.
Example - Round one raises 70 BTC in share offering. Distribution will be 70% PioneerShares for Bitcoin investors, and 30% PioneerShares for Chipcoin investors.
and
Quote
Share Offering
A total of 190 000 shares will be held for public sale. 10 000 for promotion campaign. You can invest using Bitcoin in round one, and Chipcoin in round two. The Chipcoin marketcap is pegged at 30 BTC (average price) during this share offering.
A total of 190 000 shares will be held for public sale. 10 000 for promotion campaign. You can invest using Bitcoin in round one, and Chipcoin in round two. The Chipcoin marketcap is pegged at 30 BTC (average price) during this share offering.
What makes you believe to conclude that (average price) during this share offering means 300 base??? Please quote Banzai where het sets the base for chipcoin of 300.
you cant even send chip from yobit how can we invest. thats not good..
NOOOOOOOOOO
Been having really bad luck, missing all these deadlines
I don't know how I feel about buying in with CHIP so someone can exit with a profit, only to risk it on an unknown ICO...the whole 'shares calculated at the end of funding' idea hasn't worked out in the past for me.
Can someone explain how this 'CHIP pegged @ 300 sat' works? What is this in regards to (seeing as the price on exchange can't be fixed)
Been having really bad luck, missing all these deadlines
I don't know how I feel about buying in with CHIP so someone can exit with a profit, only to risk it on an unknown ICO...the whole 'shares calculated at the end of funding' idea hasn't worked out in the past for me.
Can someone explain how this 'CHIP pegged @ 300 sat' works? What is this in regards to (seeing as the price on exchange can't be fixed)
Basically the crowdfunding price is 300 sats. If you buy below 300 on Yobit, then you have a discount, ex.: 1000 CHIP * 200 sats (bought on Yobit) = 0.002 BTC, but your stake on PIO ICO will be 1000 CHIP * 300 sats = 0.003 BTC
I would say it is wrong calculation at all. We have no base price, the first part was set in round 1, it will contain 70% of shares (btc part ) and 30% chipcoin part. This is very simple calculation:
19.86478692 btc = 70% of full amount of shares.
X amount of chipcoins = 30%
Example with 1.000.000 chipcoins
70% + 30% 100%
19.86478692+(19,86478692/70*30)=28.378267028571428571428571428571 btc
What is the max. purchase price for this example (unrealistic, more than 1 Mio. will be pledged, please make your own calculations)
(28.378267028571428571428571428571-19.86478692)/1000000=8.51348019e-6 => 0.00000851 btc/chip
This means that in theory if only 1 Mio. will be pledged, share worth of the chipcoin part would 851 satoshi, not 300.
@Banzai
I know it is staking coin and I supposed from beginn on that theree will be no stakes, I was not sure, but like you say, the amount of stakes is not significant to the amount.
You mentioned the problem and if everybody would stake until last second, this would be chaos, thats why I transfered from start on.
As Skembe mentioned it and I understand his frustration, I am ok with it if he receives my stakes because this could indeed make changes to decision if somebody assumed there will be no stakes.
Not sure what are you calculating above, and also not sure what's Banzai's methodology for the final calculation, but I think it should be like this:
PIO Price (BTC) = (Total amount in 1st round (BTC) + Total amount in 2nd round (Chipcoin expressed in BTC; 300 satoshi per CHIP) ) / 190000
example (for the current figures)
PIO price = (19.86478692 + 874445.37 * 0.00000300) / 190000 = (19.86478692 + 2.62333611) / 190000 = 22.48812303 / 190000 = 0.00011835 BTC
Thats why I say, everybody should make own calculations and not such simple one like we both calculated, because they can't tell us anything about real price.
In your calculation you set the price to 300 satoshi because during the start it was the price, I calculated the worth of chipcoins in btc for the whole amount btc+chipcoins where I set amount of chipcoins to X and assume there will be pledged max of 1. Mio. Knowing that shares will be spreaded 70/30, I know the value of 70 and of 30 because we know the value of 70. Where at the end you get how much worth is chipcoin in btc in form of an share. The more coins will be pledged, the less the will be. On btc value there will be no changes.
Look at bigger wallets and make your own assumptions of how much could be pledged, then you will know more. If you speak about base 300, you should have spoken about max 500, but you did not
This phrase is very wrong
you set the price to 300 satoshi because during the start it was the price
because 300 satoshi is fixed BTC/CHIP exchange rate set by Banzai. This price will be used when caculating BTC amount in round 2
[Edit] 70/30 distribution was just example for 70 BTC in round 1, and 30 BTC in CHIP equivalent (maximum allowed) in round 2
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