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Plutus, Bitcoin and Ethereum on r/Android
Topic: [PLU] PLUTON — (Spend PLU at 40 million merchants and online — DOWNLOAD APP) - page 80. (Read 97797 times)
June 21, 2016, 08:01:19 PM
June 21, 2016, 03:16:31 PM
Seems a bit fishy.
Escrow?
Escrow?
BTC raised will be stored in a multi-signature account provided by BitGo at the end of the crowdsale — only to be released according to guidelines set and milestones of Plutus development. ETH raised will be stored in a separate multi-signature smart contract — same rules will apply to this wallet.
Issuance for the remaining 95.75% of Plutons after the crowd sale distribution will be limited and locked in rebate smart contract pool and NOT owned by Plutus.it
More details on the crowd sale structuring can be found here
June 21, 2016, 03:12:26 PM
Only 5% of the tokens go to the crowdsale, and the rest for the rebate program. Where then, is the value for investors? Is this a donation to develop the platform?
Jake Brukhman wrote a detailed analysis which is worth checking out.
https://blog.coinfund.io/notes-on-the-economics-of-plutons-b80a49a660bb#.6zjbm77uu
Furthermore, there has been a lot of discussion on this topic on our Slack channel.
June 21, 2016, 03:01:02 PM
Seems a bit fishy.
Escrow?
Escrow?
June 21, 2016, 02:55:36 PM
I don't understand why we should invest what is supposed to give these rebate tokens value
I hate the name PLUTONs
I hate the name PLUTONs
June 21, 2016, 02:55:24 PM
What is the price per pluton ?
The initial value of a Pluton will be determined at the end of the crowdsale.
if you collect 1000 btc in the crowdsale than someone who invested 1 btc will receive 850 plutons? got it.
Correct. The amount of Plutons you receive will be proportional to the amount of bitcoin you contribute divided by the total funds raised.
This section is more detailed here.
June 21, 2016, 02:51:17 PM
Can you explain where the other plutons are going?
Only 850,000 Plutons (PLU) will be available for sale, which represents 4.25% of the total supply of 20,000,000. Issuance for the remaining 95.75% will be limited and locked in rebate smart contract pool and NOT owned by Plutus.it, which means there will be a very low circulation and inflation rate from the initial distribution and a total of 20 million Plutons ever created.
This only represents 4.25%?
Is there a business plan or development plan?
Only 850,000 Plutons (PLU) will be available for sale, which represents 4.25% of the total supply of 20,000,000. Issuance for the remaining 95.75% will be limited and locked in rebate smart contract pool and NOT owned by Plutus.it, which means there will be a very low circulation and inflation rate from the initial distribution and a total of 20 million Plutons ever created.
This only represents 4.25%?
Is there a business plan or development plan?
The 850,000 PLU which are issued after the crowd sale represents 4.25% of the total supply of 20,000,000 PLU, which are locked in the rebate contract.
The development plan is illustrated in the timeline which you can view here
June 21, 2016, 02:47:20 PM
Only 5% of the tokens go to the crowdsale, and the rest for the rebate program. Where then, is the value for investors? Is this a donation to develop the platform?
June 21, 2016, 02:46:29 PM
What is the price per pluton ?
The initial value of a Pluton will be determined at the end of the crowdsale.
If you collect 1000 btc in the crowdsale than someone who invested 1 btc will receive 850 plutons? got it.
June 21, 2016, 02:40:29 PM
What is the price per pluton ?
The initial value of a Pluton will be determined at the end of the crowdsale.
June 21, 2016, 02:40:08 PM
Can you explain where the other plutons are going?
Only 850,000 Plutons (PLU) will be available for sale, which represents 4.25% of the total supply of 20,000,000. Issuance for the remaining 95.75% will be limited and locked in rebate smart contract pool and NOT owned by Plutus.it, which means there will be a very low circulation and inflation rate from the initial distribution and a total of 20 million Plutons ever created.
This only represents 4.25%?
Is there a business plan or development plan?
How are you securing smart contacts?
Only 850,000 Plutons (PLU) will be available for sale, which represents 4.25% of the total supply of 20,000,000. Issuance for the remaining 95.75% will be limited and locked in rebate smart contract pool and NOT owned by Plutus.it, which means there will be a very low circulation and inflation rate from the initial distribution and a total of 20 million Plutons ever created.
This only represents 4.25%?
Is there a business plan or development plan?
How are you securing smart contacts?
June 21, 2016, 02:34:03 PM
What is the price per pluton ?
June 21, 2016, 02:08:04 PM
The anticipated Pluton Crowdsale has now begun! Thank you for the support!
https://getplutons.plutus.it/
https://getplutons.plutus.it/
June 21, 2016, 01:25:10 PM
Thanks for the update.
http://icocountdown.com has been updated with the correct time. I really like the project good luck with your crowdfunding endeavour.
June 21, 2016, 01:16:34 PM
Thanks for the update.
June 21, 2016, 01:14:42 PM
https://twitter.com/ICOcountdown/status/745318685460529152 Retweet everyone so we can make sure people are aware!
June 21, 2016, 01:04:26 PM
So these will only be tradeable on the Dex exchange - and that will go live when?
Plutons will be tradeable both internally on the DEX, and externally on other exchanges.
The DEX is planned to be live in Q3 2016.
June 21, 2016, 01:04:11 PM
I wish you guys would contact me so I can update my site for the announcements.
http://icocountdown.com
http://icocountdown.com
June 21, 2016, 12:56:39 PM
So these will only be tradeable on the Dex exchange - and that will go live when?
June 21, 2016, 12:46:04 PM
How can we monitor how many bitcoins/eth are collected during the crowdsale?
Hey, an address will be provided right before the sale starts so that it can be monitored by everyone.
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