Below NectarCoin addresses the latest rounds of comments, criticisms, other feedback and suggestions. Please keep them coming.
We aim to address every batch of posts in a single response posted by the end of each weekday,
Monday to Saturday generally (we're out on Sundays).
All our previous posts: Link
i have been watching this myself and would like to make a few comments. i like the coin idea and the way the escrow will be setup to release only after certain milestones are reached, i also like the way you have answered alot of the questions here. but im my opinion the ico phases are terrible.
206,000 x 0.00008 btc per coin
206,000 x 0.00012 btc per coin
2 million coins x .000157 btc per coin
2 million coins x .000188 btc per coin
2 million coins x .000226 btc per coin
2 million coins x .000271 btc per coin
1.5877 million coins x .000300 btc per coin
this is not going to work well at all for anybody that doesnt get a chance to buy in on the first 2 phases someone or group with lots of btc will buy all or most of those coins and dump for good profit killing any chance of a good roi on anyone that buys after. so if left this way people might as well wait for the dumps rather than buy in at 2x 3x the first phase of ico. day traders will arbitrage for just a few hundred sat not mention this spread.
We hear you - we're actually not wedded to this price schedule - only to the fundraising target and the idea that there should be price staggering, of at least three or four steps, to award early buyers and give people an incentive to buy sooner rather than later to improve the odds the crowdfunding campaign hits its target within the fixed timeframe. We'll look into compressing the schedule and welcome any suggestions along those lines that meet the two conditions.
also on the coin blab thought i have used it thinking it would be nice to get away from the fud some here, but that place is even worse it takes things to the other extreme it removes any posts that even disagree with the op and are not fud but the truth, so i won't be going back there again it is for cheerleaders not for people with an opinion on things,
You know, that's exactly what we suspected might be going on over there, and if that's the case (we have no idea), we agree: we don't want that. An open forum with honest discourse, constructive criticism and mutual respect is all we ask for.
with that said i wish you luck with your project i have been here for awhile and have seen a serious decline in the alt coin projects and markets, and hope some people can bring some things that will make a positive change.
It's pretty depressing - even bitcoin is sickly these days - but we see a new generation of serious projects emerging, including the exciting blockchain 2.0 developments with Ethereum and CounterParty, and we hope to be part of that sea change.
At the risk of mixing metaphors, it's darkest before the dawn.
Nice project, im reading ALL op haha
Are there alpha version? or is onlye a prototype?
Thank you for your interest in the project. There's no alpha, just a raw prototype of the altmarket alert system component (which we previously posted a video of), conceptual designs of the key screens and a basic outline of how we'd build everything out - all put together during our spare time outside of our full-time work in the "real world".
We're seeking funding to be able to devote ourselves full time to building everything out, including an alpha, beta and final version. We need to be clear on this: this is a crowdfunding campaign to build out the software, support it and promote it. And we don't get a dime from it until we deliver on each of the major components.
Feel free to let us know if you have any other questions, and thank you again for your interest.