Until the escrows confirm no one should send any money to this ico.
I am sending dabs a message now to ask him if this is legit.
Topic: 🎥 PureVidz.net: Decentralized Streaming WebTorrents 🎥 VIDZ - Trading Now 🎥 - page 345. (Read 323701 times)
November 28, 2016, 08:40:14 PM
November 28, 2016, 08:37:00 PM
November 28, 2016, 08:28:29 PM
Russian Translation. https://bitcointalksearch.org/topic/vidz-purevidznet-1711514
Supply: 125,000,000 VIDZ
Block time: 1 minute
Block reward: 1 VIDZ
Algorithm: Proof Of Stake
GIT: https://github.com/purevidz/vidzcoin
Windows Wallet: http://purevidz.net/wallet/purevidz-qt.exe.zip
Mac Wallet: http://purevidz.net/wallet/purevidz-qt.dmg.zip
Development Fund: 25,000,000 VIDZ
Transparency:
200,000 VIDZ paid to Dabs - 20% of total escrow reward
200,000 VIDZ paid to SebastianJu - 20% of total escrow reward
300,000 VIDZ paid to Dabs - 30% of total escrow reward
300,000 VIDZ paid to SebastianJu - 30% of total escrow reward
75,000 VIDZ paid to Dynamic Index - web front end mock ups (first half upfront)
75,000 VIDZ paid to Dynamic Index - web front end mock ups (second half for completion)
850,000 VIDZ sent to Dabs to pay to Dynamic Index - web front end development
Quote
(Break down for the 850,000 VIDZ above)
30,000 VIDZ fee to Dabs
90,000 VIDZ upfront to Dynamic Index
290,000 VIDZ upon completion to Dynamic Index
440,000 VIDZ paid after we've completed integration of the new design or maximum 21 days, for maintenance/qa to Dynamic Index
333,333 VIDZ sent to Dabs usage in the signature campaign30,000 VIDZ fee to Dabs
90,000 VIDZ upfront to Dynamic Index
290,000 VIDZ upon completion to Dynamic Index
440,000 VIDZ paid after we've completed integration of the new design or maximum 21 days, for maintenance/qa to Dynamic Index
250,000 VIDZ paid to Dabs - 25% of total escrow reward
250,000 VIDZ paid to SebastianJu - 25% of total escrow reward
64,000 VIDZ sent to on site wallet for Twitter campaign payouts
Exchanges
http://coinmarketcap.com/currencies/purevidz/
Due to the fact that Pure Vidz heavily utilizes torrents to circumvent censorship and to promote decentralization it’s likely that with increased popularity Pure Vidz will be under siege the way that popular sites such as The Pirate Bay constantly are despite our model being entirely legal. To avoid this, we’re forced to remain anonymous.
We’re aware the anonymity is often a red-flag typically for developers in crypto, however since we are forced to do this to protect ourselves, we will do our best to maintain transparency through means such as escrow, multi-signature wallets and public addresses.
Our crowdfund will be escrowed using a 2-of-3 multi-signature address.
Please do not send funds directly to this address!
https://blockchain.info/address/351QpGDfzEW2H51tCCDn6qvUPfZZnTGuSg
The 3 key holders will be ourselves, Dabs a staff member of the forums and SebastianJu a well established escrow.
Both escrows will be receiving 1,000,000 VIDZ from the development fund released in batches matching how the funds raised from the crowdfund are released to us.
Verification Post for Dabs: https://bitcointalksearch.org/topic/m.17024312
Verification Post for SebastianJu: https://bitcointalksearch.org/topic/m.17052974
SebastianJu & Dabs received 1 BTC each for their escrow fee
We want to assure investors we are committed to working on this project through thick and thin. As such, we have set certain goals for which much be reached before the release of funding. We will not be receiving the entirety of funds from escrows at the end of the crowdfunding!
Release of funding will go as follows after the escrows are paid:
10% following the conclusion of the crowdfunding after all funds are accounted for
10% after the launch of our initial coin network
30% after the release of our website with core functionality
- Account Management
- Media / Video Management
- Searching by title, tags, genres
- Auto-populating metadata and tagging
- Video Suggestions (by similar tags)
- Playlist Management
- Subscriptions
This allows us to receive a fair amount early on and gives investors the security of knowing that the escrows are in possession of the funds until we have completed key components of our project. While we need to remain anonymous with our identities we can remain transparent with our work, development and finances.
November 2016
- Crowdfunding Starts
- Test / Demo Functionality Site
- ICO Ends - January 9th, 2017
- Launch of VIDZ Network
- Initial Site Launch
- VIDZ Integration
- Account Management
- Video Management
- First Major Update
- Auto metadata
- Video suggestions by tag similarity
- Playlist management
- User subscription model
- Roadmap update for next 3 months of development
- Public API Launch (allows automated uploading, 3rd party tools, etc)
- Begin Trakt Integration
- Premium services and revenue road map
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