i think that the tentative buyers dilemma is unsolvable without causing damage to any group.
therefore i'll refund anyone who is not interested in locking.
lockers will get june's price, up to a total limit of 4.2m tokens. the rest will be refunded.
this can mean that each tentative buyer will get a refund of more than half the btc amount deposited. we'll know better once we finish refunding all nonlockers (or refund askers, though they all got refund promptly already). please let me know asap.
WOW this dude is only promising to refund half of whatever people bought, once again, makes new sh1t up, why didnt u say you will refund half during the sale, when someone says you get a refund it is automatically expected to be full unless specified,
what a scam artist, this guys word means nothing.
In case anyone has missed this, Iggy7en appears to be spamming. Contributors can still withdraw their full amount. Watch him post again with more disinformation to stay at the tip of the thread
its not full, you only get half refund, something he didnt say till now.
ok let's keep thinking and maybe revise the decision in 24 hours
c. in several hours from now, i'll send to the remaining tentative buyers the unlocked tokens according to 66c cents (and corresponding btc refunds).
Please allow more than a few hours for us to decide. This is a rather difficult decision, and you just now presented us with very different information (i.e. the price) than we had been led to believe prior. Please do not send any coins today.
I propose end of day July 3?
there's time to decide, nothing is irreversible upon agreement. we just have to finish this all not after 5th of july.
back to the above point,
can look at june's prices in cents.
can also look at them as %% of market price. and they were quite in the middle of the market price (~25c on market mostly, and unlocked price as high as 37c, or 19c after full wholesale discount). that's why we wanted to raise the
direct sale price x2 or x10 (not to pump the price on bittrex. which wicked mind would think i'll do such a thing? im not taking money from pumps or fancy-buzzwordy websites or any world-destroying activity, im not such a low life form).
so,
june's prices can be seen in terms relative to the market price. one might claim that this is an even more accurate way to look at the price. the number 19 or 66 are not typological numbers. people decide to buy or not according (but not only) to market price.
i hear you. and i heard also dozens of more opinions, and with all respect, you're the only one thinking so. i can reconsider everything but i need to see a wider consensus
as promised, following is the status, some discussion, and decisions:
1. ~$2m pending on the tentative sale address. add to that some more funds i got in alts, ~100btc worth.
2. 60% of all tokens were sold (initially we planned to sell no more than 50% before tau is ready), i.e. ~25m tokens out of 42m. that's aside the tentative sale. we decided to dedicate between 3m to 4.2m tokens to the tentatives.
3. june's price was around 16-37 cents, depends on amounts and lock/unlock.
4. curernt market price is ~70c.
5. for unlocked tokens, only, it seems reasonable to distribute 3m tokens for ~$2m, i.e. ~66c a token.
6. locked tokens should get much more discount, beyond the normal 15%, on this case. more towards june's prices.
7. therefore we suggest two rounds:
a. people who are interested in an immediate refund, can ask for it now.
b. people who are interested in locked tokens, let me know, or in the worst case, we'll lock your tokens afterwards.
c. in several hours from now, i'll send to the remaining tentative buyers the unlocked tokens according to 66c cents (and corresponding btc refunds).
d. after we know the amount of money interested in locked tokens, we can offer a price in june's range, with limited supply. the whole over-60% sale will not exceed 4.2m tokens whatsoever (namely a refund will take place accordingly).
im down 40%. Dont know wth to do honestly
You hold is what you do... if you missed riding the correction then just stay in the position you're in.
I admit I broke my own rule today, do decent research.
I woke up to all these tweets by that PND jerk winningtrades4u. he was spreading tons of hype about a 10x(!) increase based on end of todays closing price. I was like "that cant be correct you cant automatically increase the price of a coin." He links to the steemit/Reddit posts about this supposed 10x increase and i thought "okay, so it might be 10x the 30 cents, thats decent, buying at $1.50 seems reasonable for that."
Bought, and then tanked :p
Been doing research all day, regret this decision and now realize the twat did absolutely zero research. I messaged him about why hes claiming a 10x increase on end of day price and he said "I got in on the presale on bittrex last night. Tomorrow it is 10x!" I was like "presale isnt on bittrex, its straight from Dev, wtf are you talking about". He blocked me thereafter. Lesson learned. Do OWN research. As such, idk what to do here.
i didn't block anyone. i'm flooded with hundreds of messages and i cannot get back to everyone on time. in fact that's how it all began.. i posted at the end of may that the direct sale price will be increased x2 in 1st of july because i was indeed flooded by messages, and, the market price was above the direct sale price (at that period of time and still) so it made no sense.