Topic: | STRATIS | The first blockchain developed for businesses |Full POS - page 1164. (Read 1891162 times)

an alternative solution could be DEVs take extra 5-10 million tokens for development if 1000 btc is not reached.

There will certainly not be another ICO.

This seems like a decent idea.  Running the ICO until tokens are sold out may not be in everyone's best interest though. Especially in a case where it may extend the ICO period significantly. From an investors perspective I would much rather Invest in an ICO with a concrete open and close date so I can feel a little more comfortable knowing I will have access to "My Investment" at a specific time.  Where as an ICO that runs until sell out can drag out for months and have investors BTC tied up for long periods of time and create cranky investors (Nobody likes those)

With a 5% bonus.

what other ICO?

Seems like if there was a fixed amount of BTC needed for a budget, it would have been better to sell the tokens at a fixed price, like 0.0000125 BTC each for a total of 1K BTC for 80,000,000 tokens sold, and just let the ICO run until they are sold out. A minimum of 1K BTC needing to be raised wasn't mentioned in the OP or ICO terms, guess I'd have to dig through a bunch of posts to see where it was first mentioned as a requirement to move the project forward.

There is not official minimum amount. However, no less than 1000 BTC would be required to develop this platform and to build our sales, business development and marketing team. This is the minimum amount required to have the capabilities required to make this project a success. In the unlikely scenario that we did not exceed this amount, we would refund all investors. I am confident that we will exceed this amount.

The end to end platform will be complete in November. Correct, Nicolas is ready to start working asap. I guess it would be easier if we was just cloning someone else's code.

We will release a beta wallet based on Bitcoin Core, within two weeks after the ICO closes. This will allow people to withdraw their Stratis tokens from the ICO platform and hold them in wallet, removing the need to trust anyone with your tokens. This wallet will not include our private chain tech, which will be available in our Full Node framework, when its released.

I dont see it as an option to utilize other developers to complete Nicolas's work, you only have to Google Nicolas to see that hes a top blockchain developer. I would not have the neccesary trust in anyone elses ability outside of Bitcoin Core development to complete this delivery. I dont think it has registered for some, but outside of Ethereum, I dont see any other projects with such talent on the team.

Seems like if there was a fixed amount of BTC needed for a budget, it would have been better to sell the tokens at a fixed price, like 0.0000125 BTC each for a total of 1K BTC for 80,000,000 tokens sold, and just let the ICO run until they are sold out. A minimum of 1K BTC needing to be raised wasn't mentioned in the OP or ICO terms, guess I'd have to dig through a bunch of posts to see where it was first mentioned as a requirement to move the project forward.

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Regards

Krushang

Where did the 1K BTC figure come from? I didn't see any mention of a minimum funding threshold mentioned in the ICO terms. The project looks like it has promise, and I put some BTC in, and was considering more, but changing terms after ICO has started is cause for concern.

I will decide to invest or not before ICO ending, I think your team has BTC core dev which is awesome and very attractive. There are 2 weeks ongoing, just wait.  

1K should be very reasonable if you have so many competent devs, compared to waves team. They got benefits during DAO crazy crowdfunding period. But you will have brighter future than waves.

Hi dev,

Where is the code of Project STRATIS?

Give me u code link!Github or blabla?

The situation will be much clearer when the ICO over. If the ICO is successful investors won't receive a refund. As I mentioned an option is to extend the ICO if the funds invested is not sufficient enough for the Stratis project. A trusted escrow service is in place to protect our investors. It's quite simple, why would we not provide a refund if the Stratis project won't be moving forward.