Topic: [SNT] Official Status Network Speculation - page 85. (Read 157586 times)
Like all of the other recent ICO's, this one will prob sell out in several minutes.
Damn I wish we could participate here in the U.S.
Status looks interesting. I hope it's not a scam. I think I will partake in the ICO.
Can anyone confirm if this ICO is open to US citizens? Thanks.
it's not open to US citizens, read here:
https://blog.status.im/new-date-contribution-period-begins-tuesday-june-20th-at-2pm-gmt-e00c56c65ead
I guess you'll have to wait for when it'll hit exchanges
Another confusing ICO with newbies on here explaining then re explaining then re explaining
sorry guys, I miss a 0 earlier in the thread saying there will be only 50m coins.
About 12 M CHF = about 12 MUSD
1ETH = about 300 USD
12 000 000 / 300 = 40 000 ETH to be raised
1ETH = 10 000 SNT
40 000 * 10 000 = 400 M SNT
If price of ETH goes to 250 USD then 480 M SNT
If price of ETH goes to 350 USD then 340 M SNT
Hope this helps,
Victor
About 12 M CHF = about 12 MUSD
1ETH = about 300 USD
12 000 000 / 300 = 40 000 ETH to be raised
1ETH = 10 000 SNT
40 000 * 10 000 = 400 M SNT
If price of ETH goes to 250 USD then 480 M SNT
If price of ETH goes to 350 USD then 340 M SNT
Hope this helps,
Victor
Then you need to factor in the fact that the 12M CHF is just the first ceiling, followed by a hidden ceiling. Maybe that is 24M CHF. Also the coins being sold only represent 41%, so you then need to multiply by 2.5. If the hidden ceiling is 24M CHF (could be higher or lower), then at current ETH price of $374, the total number of coins is roughly 65000 ETH x 10000 SNT * 2.5 = 1.6 Billion coins. Market cap at launch $60 million.
Can anyone confirm if this ICO is open to US citizens? Thanks.
Hi,
"The Contribution Period will start on June 20th 2017 at 2pm GMT (UTC+0) (This was recently updated, learn more) and will end on 4th July 2017 at 2pm GMT (UTC+0), or within 24 hours after the First Ceiling has been reached."
So even if 12M CHF are reached in few minutes, investment can continue 24h, so there are no real limit ?
(The first ceilling are 12M CHF ? I don't found the link who mention that, if anyone have it... )
"The Contribution Period will start on June 20th 2017 at 2pm GMT (UTC+0) (This was recently updated, learn more) and will end on 4th July 2017 at 2pm GMT (UTC+0), or within 24 hours after the First Ceiling has been reached."
So even if 12M CHF are reached in few minutes, investment can continue 24h, so there are no real limit ?
(The first ceilling are 12M CHF ? I don't found the link who mention that, if anyone have it... )
I see the ico starts on a specific block no is there a way in myetherwsllet of setting it up in advance that the funds are sent on that specific block no?
If not myetherwsllet can another wallet do this?
If not myetherwsllet can another wallet do this?
Does anyone understand the dynamic ceiling they are implementing and care to elaborate how that translates into actual investment constraints? It's sounded like from what I read above they are aiming to make large investor do a series of transactions to increase there costs via fees. That doesn't sound like it would hinder them much. What is considered small vs large?
I understood it the same way you have. A series of ceilings means that to put a lot of money into the ICO you'd have to do multiple transactions. Also I think I read that transactions with gas prices higher than 50 gwei are automatically rejected, so this might stop the whale queue-jumping that happened with BAT.
Not sure if it will work or not, but at least they're trying.
so the total suply is 50M coins, this means 5000 ETH? In this case the ico will be sold in few minutes.
50 Millions, are you sure? We get 10000 SNT for 1 ETH, so the crowdsale is over after 5000 ETH?
if this gets widespread interest, then expect the same issue as Bancor ICO;
MEW nodes crashing, purchases hung pending, followed by cancelled tx and money returned a few hours after ICO closes, with loss of fee.
an ICO team get rich, while stating you lost out because their network suffered 'massive attacks'
and no one in the US is welcome to join it... because they might sue them.
Is this what happened to Bancor ICO? what a mess! they can't handle ICO properly.
So if everyone wants to buy, then the ones with faster internet get into ICO?
Does anyone understand the dynamic ceiling they are implementing and care to elaborate how that translates into actual investment constraints? It's sounded like from what I read above they are aiming to make large investor do a series of transactions to increase there costs via fees. That doesn't sound like it would hinder them much. What is considered small vs large?
Hey guys,
just a question, the exchange will be 1 ETH = 10000 SNT.
Does this mean the minimum buy in will be 1 ETH, or is it possible to change only 0.5 ETH in SNT?
Thank you
Lexycon
just a question, the exchange will be 1 ETH = 10000 SNT.
Does this mean the minimum buy in will be 1 ETH, or is it possible to change only 0.5 ETH in SNT?
Thank you
Lexycon
Not sure if I will be investing, I find it very hard to trust any team that doesn't have a bitcointalk ANN where they can be asked questions and defend their product.
Did anyone found sth about the founders Carl (Matthew Edgar) Bennetts and Jarrad Hope?
I only found twitter profiles and linkedin profiles. On the linkedin profiles I couldn't find any previous projects or anything. The thing I noticed though was that the experience confirmations of both Jarrad and Carl where all from the same group of people (in each profile, no cross-profile-relations), so there was very little distribution in them. I don't really use linkedin but that seemed weired to me.
On the plus the project is open source, but I didn't looked at the code so far, anyone else here?
The registered Company is the swiss 'Status Research & Development Gmbh' which has Patrick Karl Storchenegger, Carl Matthew Edgar Bennets and Jarrad Hope listed as managing directors. Storchenegger is working at a few other companies including law consultations and the swiss SPB TV SA which is a provider of "end-to-end OTT TV, IP TV and mobile TV solutions for video content delivery to multiscreen devices" (https://en.wikipedia.org/wiki/SPB_TV).
€dit:
One previous company of both Carl and Jarrad was CAJ Media (http://cajmedia.co.uk/ http:/nzlcompany.com/company/caj-media-limited-cr9Q http://www.nzcompanygo.com/Caj-Media-Limited-2463230/) which was registered from 14 May 2010 to 07 Jul 2011 in New Zealand and seems to be registered in London now.
I only found twitter profiles and linkedin profiles. On the linkedin profiles I couldn't find any previous projects or anything. The thing I noticed though was that the experience confirmations of both Jarrad and Carl where all from the same group of people (in each profile, no cross-profile-relations), so there was very little distribution in them. I don't really use linkedin but that seemed weired to me.
On the plus the project is open source, but I didn't looked at the code so far, anyone else here?
The registered Company is the swiss 'Status Research & Development Gmbh' which has Patrick Karl Storchenegger, Carl Matthew Edgar Bennets and Jarrad Hope listed as managing directors. Storchenegger is working at a few other companies including law consultations and the swiss SPB TV SA which is a provider of "end-to-end OTT TV, IP TV and mobile TV solutions for video content delivery to multiscreen devices" (https://en.wikipedia.org/wiki/SPB_TV).
€dit:
One previous company of both Carl and Jarrad was CAJ Media (http://cajmedia.co.uk/ http:/nzlcompany.com/company/caj-media-limited-cr9Q http://www.nzcompanygo.com/Caj-Media-Limited-2463230/) which was registered from 14 May 2010 to 07 Jul 2011 in New Zealand and seems to be registered in London now.
I really don't think this is a scam, look at their followers on twitter... Brian Armstrong (coinbase CEO) follows Carl Bennetts. Also, both have a lot of serious crypto projects as followers.
Their project is in yahoo, which is difficult for criptocurrencies: https://finance.yahoo.com/news/status-im-ethereum-mobile-client-010000903.html
Not sure if I will be investing, I find it very hard to trust any team that doesn't have a bitcointalk ANN where they can be asked questions and defend their product.
They already raised over 5 million CHF through bitcoinsuisse.
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