Some things I did not understand:
1. Is there a minimum contribution?
2. What AGRS / BTC rate will you issue the tokens at?
3. How will you know where to send the tokens? If you just say don't worry we'll work it out that works for me!
Thanks for running this sale via forum it's very generous of you to spend the time facilitating it!
1. no
2. to be determined, until max few days after 1st of july. the price will not be forced on anyone. whoever wants a refund (from the "tentative sale" buyers) at any point of time can get it.
3. the tokens will be sent to the address that sent the btc. that's valid only for the tentative sale, to make things fast. and that's why i asked people to send the btc from an omni wallet.
Ohad--- On number 2: I dont get it. You guys published a table with prices through July 1 ranging from 0.18 to 0.235 if not mistaken based on the contribution level. why is the price now TBD? through July 1 you should stick to what you said and then change to 10x or whatever as you also said just a few days ago. the bitrex fomo should not affect this decision as it will likely die down as before. But you word is your asset here.
this is all relevant only for money that was deposited in june and after 60% were sold. in july there is no active sale until tau/alpha is ready. and we face two conflicting promises: to not sell too many coins, and to sell in june. the problem is too many buyers for too few tokens. these days we think about how is best to resolve it. im open for suggestions. anyone can get a full refund till then. and it cannot take beyond very few days into july (the decision, not the deposits).
suggestion 1: stop the sale today as promised, sell based on the pricing table as promised. Fill all orders even if 516BTC as now. IMHO The least problematic promise to break is not to pass the 60% now vs later. In any case you were to sell through 80% at some point (assuming some will be kept for marketing and devs). selling to them now is more beneficial to early supporters who are offering to back the project even before alpha/white paper/github. Later supporters can buy the remaining AGRS from you later at 10x or from exchanges.
suggestion 2: as above- but like CIVIC recently, just decide on a percentage of orders to be filled from this temp address (they did 66% from presale orders) and distribute evenly between all BTCs sent (even if passing the 60% threshold a little), based on the promised pricing. so if someone sent 50BTC worth $130k she could actually get 66% or $85800 (based on promised pricing through June) and the rest of her BTC back. whatever number of AGRS it comes to- so be it. good for the ecosystem no?
I am agree with you. But Ohad will make much more money by holding tokens, sell them later rather than do it now.
Both good suggestions. I am also very confused at this 60% limit, as I thought the goal was to sell as much AGRS as possible this month until July 1, then focus on development. The pump is a bit premature, although sure, as of tomorrow, the price should indeed go up and hold 10x + once the sale is over.
If I was Ohad, I would consider a decision and clear up the situation today (perhaps ending sale immediately and refunding all further BTC). But don't leave those of us who sent in the cold, as it may leave a bad taste for the project. I was planning on buying the last day, because I was using the funds elsewhere, so I didn't send funds earlier until I realized the flood of BTC flowing in, and I never clearly noticed a 60% limit for June. I don't remember seeing a plan to "hold" 40% until now for future funding, not that it is a bad idea.
Anyways, I sent btc, so perhaps I'm biased
I agree this pump has made things a bit perplexing.
