Topic: Tau-Chain and Agoras Official Thread: Generalized P2P Network - page 47. (Read 309668 times)

it'll take faster if more people tell me their preference (lock/refund). in any case this whole thing cannot continue past 5th of july

Last question (I hope!). 

That sheet stops at 110k coins purchased.  I assume that if we are purchasing more than that at once, that all coins after 100k are priced at the same 50% price that the last 10k coins are priced at.  I know this may seem pretty obvious, but with this amount of funds at stake, I need to have complete clarity on this.

Thank you!

Thank you.  Please confirm that the discounts apply for larger purchases (given that you don't exceed the 4.2M coins you are willing to sell for this sale). 

june's prices are listed here https://docs.google.com/spreadsheets/d/1EjW1s66T75vnWh7WSzuP0vxcx1vdwlqCm2JOmlVlPOg/edit#gid=0

I'd like to be totally clear on this deal.

Could you name exactly what the June price is? And if it will be reduced for large purchases (as it was in June)?

So Tau must be ready for release before tokens are unlocked.  That is clear.  But will the token be available when Tau is ready, or only after Agora is ready (which will take more time)?

Is the +1 year estimate the estimate for when the tokens will be available?

Hello Ohad,

I would like to offer my services. Currently a lead front-end developer for a company, building a web application. Have experience with Javascript, HTML, AngularJS, ReactJS, NodeJS, Java, Postgresql, MySQL, PHP, Docker, Grunt, Gulp, etc.

you can check me out on GitHub and Stackoverflow under fayzaan.

I can help with building a new website and also help with programming. I can work for agoras tokens instead of cash. I have already invested 8500 tokens and bought at around .70/.90usd. I was really hoping it would go to $4/$5 so I could pay off some debts but oh well..

thanks

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

ok let's keep thinking and maybe revise the decision in 24 hours

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).

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.

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.

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.

burning instead of selling will cause loss of people. people can buy money, but money cannot buy people

june's price is one price, not several groups.
the lock is until the final agoras coins will be ready. the current tokens are just to mark holding on the final ones. this is after tau is ready, then the dev of agoras begins. can take +1y

You are correct however that locking these additional 4.2m tokens, will reduce short-term supply and push the price upwards. But, this all evens out. Since these tokens are only locked temporarily, they will push the price down when they are unlocked in the future.

It's a question of affecting the market now or later. But do you really want to be manipulating the market at all?

Suppose I purchased an option to buy 100 bitcoin at $1 years ago. If I exercise that option now, will it affect the price of bitcoin? Not at all. It will make me a lot of money (at the cost of the seller), but it will not increase the supply of bitcoin and therefore not affect the market.