[PRE-ANN] [GP] GREENPAY||100% POS||MULTIPOOL INTEGRATED WALLET||ESCROW ONLY IPO - page 8.

Snelling

member

Activity: 86

Merit: 10

Quote from: greenpay on April 22, 2014, 04:23:27 PM

Quote from: Snelling on April 22, 2014, 04:18:00 PM

I'd like to see more, but I'm definitely interested.

We have any idea what a 2 BTC investment will purchase?

Hi Snelling,

Thank you for your interest in investing in GreenPay. We have decided that the best way the price of a coin should be determined in IPO stage is to let the market determine it. Hence, suppose a given scenario where we raise 100 BTC for this IPO, a 2 BTC investment would give you 2% (2 divided by 100 * 100 ) of the total 8.5% of coins allocated for initial distribution.

8.5% of the total supply 96m is 8160000, and 2% of 8160000 is 163200, so an investment of 2 BTC and a given hypothetical that we raise 100 BTC total during IPO period would give you 163,200 GreenPay credits.

What are the details on the Escrow address/steps we need to take from here?

Pyramusx

sr. member

Activity: 379

Merit: 250

Following on Twitter @pyramusx

Quote from: escrow.ms on April 22, 2014, 02:15:41 PM

Quote from: djm34 on April 22, 2014, 01:49:12 PM

quite frankly I wouldn't go into this ipo before having tried a test version of the wallet... (very innovative... a bit too innovative...should be careful.... )

This is why I agreed to do escrow and IPO is escrow only (I will hold all funds).
Developer is not accepting direct payments.

Regardless (if the developers are reading), it wouldn't be a bad idea to give more substantial previews of the wallet (which looks great in those pictures). It might even spur more interest in the coin.

If aesthetics were important, and they certainly can be, then this coin could go places based on what we see already. But more "proof" is always the best way to go.

greenpay

newbie

Activity: 10

Merit: 0

Quote from: Snelling on April 22, 2014, 04:18:00 PM

I'd like to see more, but I'm definitely interested.

We have any idea what a 2 BTC investment will purchase?

Hi Snelling,

Thank you for your interest in investing in GreenPay. We have decided that the best way the price of a coin should be determined in IPO stage is to let the market determine it. Hence, suppose a given scenario where we raise 100 BTC for this IPO, a 2 BTC investment would give you 2% (2 divided by 100 * 100 ) of the total 8.5% of coins allocated for initial distribution.

8.5% of the total supply 96m is 8160000, and 2% of 8160000 is 163200, so an investment of 2 BTC and a given hypothetical that we raise 100 BTC total during IPO period would give you 163,200 GreenPay credits.

AltCurrency

member

Activity: 98

Merit: 10

Quote from: Snelling on April 22, 2014, 04:18:00 PM

I'd like to see more, but I'm definitely interested.

We have any idea what a 2 BTC investment will purchase?

I guess a piece of the first 8.5% of coins distributed and from my understands servers for multipool. I guess who idea is to make initial value for the coin since its pure pos and needs value?

Snelling

member

Activity: 86

Merit: 10

I'd like to see more, but I'm definitely interested.

We have any idea what a 2 BTC investment will purchase?

AltCurrency

member

Activity: 98

Merit: 10

Escrow send btc to address above correct

AltCurrency

member

Activity: 98

Merit: 10

Quote from: GBattaglia on April 22, 2014, 02:21:39 PM

Really attractive graphics, and the wallet looks great while still including some very nice features.
While I would be highly suspicious of this due to the IPO, and having completed a transaction where
escrow.ms acted as escrow, any suspicious is pretty much put to rest.

The idea of a POS only coin with a built-in multipool system is great and would help ensure value doesn't
hit a rockbottom.

1+

+1 here also

AltCurrency

member

Activity: 98

Merit: 10

Quote from: djm34 on April 22, 2014, 01:49:12 PM

quite frankly I wouldn't go into this ipo before having tried a test version of the wallet... (very innovative... a bit too innovative...should be careful.... )

Nothing to be careful about really is all in escrow so the dev dont get any access to funds so all should be well imo...

Also this is nice idea because since it pos only and multipool this would make sure the coin price doesnt hit rock bottom! Also with ipo you will have only a small number of coins on makret for first year which will keep price high imo and also the price will keep rising because of multipool. POS on steroids imo..

moko666

hero member

Activity: 635

Merit: 500

BlasterKVs the king of xbox modding

Quote from: AltCurrency on April 22, 2014, 02:07:39 PM

Quote from: signingoff on April 22, 2014, 01:45:40 PM

Source code on website is unavailable?
What about the rest of 90% coins?
Is there maximum btc to be funded for IPO?

From what Ive read its a pos so once the intial 9% of ipo is distributed then the rest will be generated through annual interest! Someone correct me if im mistaken?

Yeah, that's what I understand. The rest will be generated through pos.

GBattaglia

hero member

Activity: 735

Merit: 501

Really attractive graphics, and the wallet looks great while still including some very nice features.
While I would be highly suspicious of this due to the IPO, and having completed a transaction where
escrow.ms acted as escrow, any suspicious is pretty much put to rest.

The idea of a POS only coin with a built-in multipool system is great and would help ensure value doesn't
hit a rockbottom.

1+

escrow.ms

legendary

Activity: 1274

Merit: 1004

Quote from: djm34 on April 22, 2014, 01:49:12 PM

quite frankly I wouldn't go into this ipo before having tried a test version of the wallet... (very innovative... a bit too innovative...should be careful.... )

This is why I agreed to do escrow and IPO is escrow only (I will hold all funds).
Developer is not accepting direct payments.

AltCurrency

member

Activity: 98

Merit: 10

Quote from: signingoff on April 22, 2014, 01:45:40 PM

Source code on website is unavailable?
What about the rest of 90% coins?
Is there maximum btc to be funded for IPO?

From what Ive read its a pos so once the intial 9% of ipo is distributed then the rest will be generated through annual interest! Someone correct me if im mistaken?

AltCurrency

member

Activity: 98

Merit: 10

Quote from: djm34 on April 22, 2014, 01:49:12 PM

quite frankly I wouldn't go into this ipo before having tried a test version of the wallet... (very innovative... a bit too innovative...should be careful.... )

It will go well the dev behind it is pretty good!! count me in

djm34

legendary

Activity: 1400

Merit: 1050

quite frankly I wouldn't go into this ipo before having tried a test version of the wallet... (very innovative... a bit too innovative...should be careful.... )

signingoff

sr. member

Activity: 290

Merit: 250

Source code on website is unavailable?
What about the rest of 90% coins?
Is there maximum btc to be funded for IPO?

luguang

full member

Activity: 156

Merit: 100

B2B - Find, Connect, Trade

nice project and escrow.ms is a trusted escrow.
i'd like to invest some funds!

AltCurrency

member

Activity: 98

Merit: 10

sounds good im gonna get 2btc worth!!

steyast012

member

Activity: 90

Merit: 10

Free of charge? Count me in

Lpingui

full member

Activity: 147

Merit: 100

The initial supply of large less, only 9%.

Gotone

member

Activity: 83

Merit: 10

see good but ipo is small .If I were to promote, whether to get free coin

Topic: [PRE-ANN] [GP] GREENPAY||100% POS||MULTIPOOL INTEGRATED WALLET||ESCROW ONLY IPO - page 8. (Read 14000 times)