Any more info on this project?
Pros and cons of investing
Expected ROI?
Topic: SWARM project will be livestreaming its crowdsale launch! Monday 6/16 8pm Berlin - page 2. (Read 4465 times)
June 18, 2014, 07:56:12 AM
June 18, 2014, 07:08:38 AM
The 8% figure is only applicable if they raise 21500 Bitcoins realistically it's going to be a much higher %age depending on how much they raise.
June 18, 2014, 05:20:44 AM
Oh and there is also an 8% premine i.e. founders will own 8 million coins, while average BTC investor will own 4,250-5,250. So basically we give you our money and you get the money and the coins. Genius! It also means that every other coin / crowd funding project will have an 8% premine in addition to any premine the project decides to keep itself.
I see your point but this is a relative argument. In the business world e.g. Google, you have Angel investors getting in at pennies (like here) and then later when there is a public offering, your only chance is at a price that is magnitudes greater. So, the 8% here (which I agree with you on being high), relative to a typical start-up business, is probably miniscule.
If the model is truly broken here (and I'm not saying it isn't) then a competitor can easily come in with a more fair model and take the investors money. But, we don't see that happen.
Its about sharing
edit - They also might not get any where near there extended goal. So it will be interesting and for sure show how "investors" feel here.
June 17, 2014, 05:01:38 PM
Oh and there is also an 8% premine i.e. founders will own 8 million coins, while average BTC investor will own 4,250-5,250. So basically we give you our money and you get the money and the coins. Genius! It also means that every other coin / crowd funding project will have an 8% premine in addition to any premine the project decides to keep itself.
June 17, 2014, 04:53:57 PM
Prioritizing your own salaries. Where's the investment? I'm out.
June 17, 2014, 04:37:24 PM
Perhaps a separate topic in which you bundle all information is useful. Couldn't find much on the website :/
Good idea. I'll work on that this evening (still recovering from our launch party last night in Berlin).
last years rules mean you wouldn't even be able to talk in here at all..
now you can make up new names for IPO and harvest our idiots for money lol
they need to put the nooby jail back in..
hmm random anon noob forum user decides to IPO / Ponzi me ?
TAKE MY MONEY !
June 17, 2014, 12:59:21 PM
Perhaps a separate topic in which you bundle all information is useful. Couldn't find much on the website :/
Good idea. I'll work on that this evening (still recovering from our launch party last night in Berlin).
June 17, 2014, 05:48:29 AM
Perhaps a separate topic in which you bundle all information is useful. Couldn't find much on the website :/
I remember Oculus Rift and I see how Swarm could challenge the existing crowdfunding systems.
I also remember Ethereum's announcement and how they got slaughtered on these very forums.
I see a lot of "SCAM" being yelled at you already. So perhaps do a coordinated PR effort, before the trolls take over.
I remember Oculus Rift and I see how Swarm could challenge the existing crowdfunding systems.
I also remember Ethereum's announcement and how they got slaughtered on these very forums.
I see a lot of "SCAM" being yelled at you already. So perhaps do a coordinated PR effort, before the trolls take over.
June 17, 2014, 05:19:37 AM
The portion of salaries allocated is for developing the business and the development team.
More information here: https://docs.google.com/spreadsheets/d/1mqldBmLEVswmRb0Aje3A1myq4wKpaBc2-L_TtGNYTqA/edit#gid=1351254000
June 17, 2014, 02:44:27 AM
I think you guys need to do a better job in explaining your business idea to the crowd of your crowdfunding campaign (i.e. me) what this whole thing is about. I saw a presentation in Berlin about it and I didn't really get it.
June 17, 2014, 01:51:49 AM
From the Swarmcoin website:
So at todays rates you are basically planning to pay yourselves around $2,000,000 in salaries.
So Swarm is raising 21,500 BTC to develop a platform that allows the creation of new coins?
Am I missing something here?
Quote
We raise 10,000 BTC, 1/3 to salaries, 1/3 to SWARM coin launch funds, and the rest to Swarm Agents and miscellaneous.
So at todays rates you are basically planning to pay yourselves around $2,000,000 in salaries.
Quote
Swarm’s projected 18-month expenses include developing the core infrastructure and usability to allow for the creation of new coins. With a full raise of 21,500 BTC, Swarm will be a true incubator, helping get projects and new coins off the ground.
So Swarm is raising 21,500 BTC to develop a platform that allows the creation of new coins?
Am I missing something here?
No they're using the existing platform Counterparty to create the new coins, I think the 21500 BTC is being used to create a super shiny website to promote launches on
fortunately at least one member of the team is a web designer so they can do this for free! June 17, 2014, 01:01:03 AM
So basically this is a Meta IPO
We have seen individual coin IPOs and we know that mostly they end badly.
This is an IPO of future IPOs (IPO squared?)
There is NO prospectus and no concrete information I can find about this "investment"
Investor Beware!
We have seen individual coin IPOs and we know that mostly they end badly.
This is an IPO of future IPOs (IPO squared?)
There is NO prospectus and no concrete information I can find about this "investment"
Investor Beware!
naw just renaming it to scam morons..
June 17, 2014, 01:00:24 AM
i seen the coindesk story lol
nice attempt at renaming "IPO scams" lol
nice attempt at renaming "IPO scams" lol
June 17, 2014, 12:23:20 AM
So basically this is a Meta IPO
We have seen individual coin IPOs and we know that mostly they end badly.
This is an IPO of future IPOs (IPO squared?)
There is NO prospectus and no concrete information I can find about this "investment"
Investor Beware!
We have seen individual coin IPOs and we know that mostly they end badly.
This is an IPO of future IPOs (IPO squared?)
There is NO prospectus and no concrete information I can find about this "investment"
Investor Beware!
June 16, 2014, 08:04:02 PM
The portion of salaries allocated is for developing the business and the development team.
June 16, 2014, 07:25:13 PM
From the Swarmcoin website:
So at todays rates you are basically planning to pay yourselves around $2,000,000 in salaries.
So Swarm is raising 21,500 BTC to develop a platform that allows the creation of new coins?
Am I missing something here?
Quote
We raise 10,000 BTC, 1/3 to salaries, 1/3 to SWARM coin launch funds, and the rest to Swarm Agents and miscellaneous.
So at todays rates you are basically planning to pay yourselves around $2,000,000 in salaries.
Quote
Swarm’s projected 18-month expenses include developing the core infrastructure and usability to allow for the creation of new coins. With a full raise of 21,500 BTC, Swarm will be a true incubator, helping get projects and new coins off the ground.
So Swarm is raising 21,500 BTC to develop a platform that allows the creation of new coins?
Am I missing something here?
June 16, 2014, 07:15:48 PM
Invested 0.5 BTC.
// I sent it from Blockchain.info how do I get my SWARM coins?
// I sent it from Blockchain.info how do I get my SWARM coins?
Step 1: recover private key from blockchain.info
Step 2: make a counterwallet.co account
Step 3: "import funds" using the private key
The Swarm coins are created using CounterParty, and although it is recorded on the Bitcoin blockchain - to actually see the Swarm coins in your wallet, one must use the CounterParty wallet (I realize that this was not clear and I will include these details in the above announcement).
Once you import funds to the CounterParty wallet, this action will sweep the token balance effectively moving all Swarm coins from that address you sent BTC from into Counterparty
Please let us know if you experience any further issues
Thanks
Thanks for your help.
I'll import the private keys now. Will I see my SWARM coins anytime?
June 16, 2014, 06:54:25 PM
Invested 0.5 BTC.
// I sent it from Blockchain.info how do I get my SWARM coins?
// I sent it from Blockchain.info how do I get my SWARM coins?
Step 1: recover private key from blockchain.info
Step 2: make a counterwallet.co account
Step 3: "import funds" using the private key
The Swarm coins are created using CounterParty, and although it is recorded on the Bitcoin blockchain - to actually see the Swarm coins in your wallet, one must use the CounterParty wallet (I realize that this was not clear and I will include these details in the above announcement).
Once you import funds to the CounterParty wallet, this action will sweep the token balance effectively moving all Swarm coins from that address you sent BTC from into Counterparty
Please let us know if you experience any further issues
Thanks
June 16, 2014, 05:04:00 PM
Invested 0.5 BTC.
// I sent it from Blockchain.info how do I get my SWARM coins?
// I sent it from Blockchain.info how do I get my SWARM coins?
June 16, 2014, 05:01:18 PM
anyone else tuning in?
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