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Topic: [XCR] Crypti | Dapps | Sidechains | Dapp Store | OPEN SOURCE | 100% own code | DPoS - page 465. (Read 804700 times)

sr. member
Activity: 308
Merit: 250
The early sale was done, so we will just have to live with it. Breaking the rules of the IPO may not look so great, and for precisely the reason that BEECoinFan mentioned. Those over the cap and with a chance of still getting IPO coins then had no chance whatsoever.

As I just have PM'ed BEECoinFan, our main goal with this move was to protect the buyers, looking to swap their Bter accounts. We felt it's a reasonable compromise to slightly advance the trades (due to Bter being the major genesis block destination), especially after seeing the poll thread responses.  It also why we did our best to refund these who had their CRSALE pending ASAP, so they could get their BTC back for other opportunities.

I do agree that we could have communicated it better, and perhaps the outcome of the opinions would be different then.
We are learning from this experience, and will apply additional communication mediums next time to reach as many buyers as possible, when such important decision is needed.

Glad to see that those people who wanted instant profit took top priority in what your company wanted to protect.  (As you had to protect their BTER accounts) instead of sticking to the Terms and conditions laid out to the people who's bitcoin you held for over 2 weeks after issuing them CR TOKENS.

As other members have pointed out your poll
a) Allowed all bitcointalk members (including multiple accounts, and non investors to vote)
b) Assuming all 62 yes votes were legit you only had 13.4% of investors voting YES hardly a majority.

Still disgusted in the way you decided to Break one set of terms and conditions but not another (even though they could have been fixed without breaking the second set) I sincerely hope that your team does not continue to conduct business in this manner as I view it as unprofessional and was hoping that you would be a coin that could be considered new technology leader and not bending to a minority's Quick profit mentality.
sr. member
Activity: 294
Merit: 250
Sorry guys.. new to this.. where is the wallet?
Wallet will be released 10th august.
sr. member
Activity: 267
Merit: 250
Sorry guys.. new to this.. where is the wallet?
hero member
Activity: 700
Merit: 500
Member of the Crypti Foundation Board of Directors
With a price now of 1500 satoshi, XCR has a market cap of 1500BTC, making it #40.  The volume of 67 BTC, places XCR in the top 20.  

With additional trading today, XCR may make the top 10 or even #7 for past 24hrs


As far as I understood, pre-trading on BTER is only able for people who participated in the IPO. Is that true or is it possible also for people who didnt take part in IPO?


Well, you cant sell any XCR unless you own it first... so the selling is by the original investors.  Anyone can buy.

After you buy, then you can sell.
sr. member
Activity: 267
Merit: 250
Bought and hold!!!

I am supporting Crypti officially now!


Hellloo Crypti community!!!
sr. member
Activity: 378
Merit: 250
With a price now of 1500 satoshi, XCR has a market cap of 1500BTC, making it #40.  The volume of 67 BTC, places XCR in the top 20.  

With additional trading today, XCR may make the top 10 or even #7 for past 24hrs


As far as I understood, pre-trading on BTER is only able for people who participated in the IPO. Is that true or is it possible also for people who didnt take part in IPO?


I think you can buy now if you missed the IPO.
sr. member
Activity: 267
Merit: 250
What was the price of the IPO per Crypti?

someone please answer? I want to buy some and want to determine the buy in price for myself.


It was about 900sat or about 114k Crypti per BTC

Thank you.. I guess everyone made 50% now... ?  Nice! Congrads!

I will enter the market at 1500.. I think this can be another via. Smiley

When will wallet be available I don't trust exchange holding my coins.
hero member
Activity: 966
Merit: 501
IMHO, the best way to handle this IPO had been to allow free trade from the very beginning.
Dev just needed to set a sell order of 750CRYSALE at 1 CYRSALE/1 BTC, and a buy order of 750CRYSALE at 1CRYSALE/0.9999999BTC.
Then investors are free to trade whatever they what.
Than way, no over cap exists.

Now we goes a slight different way, and some small issues happened.
But still it is not that bad. People who missed IPO can still get crypti at a low price.
So stop crying and take your chance while you still can.

full member
Activity: 237
Merit: 100
With a price now of 1500 satoshi, XCR has a market cap of 1500BTC, making it #40.  The volume of 67 BTC, places XCR in the top 20.  

With additional trading today, XCR may make the top 10 or even #7 for past 24hrs


As far as I understood, pre-trading on BTER is only able for people who participated in the IPO. Is that true or is it possible also for people who didnt take part in IPO?
sr. member
Activity: 378
Merit: 250
What was the price of the IPO per Crypti?

someone please answer? I want to buy some and want to determine the buy in price for myself.


It was about 900sat or about 114k Crypti per BTC

I think this was the price with the full bonus for buying on the first day, wasn't it? If so some people paid more during the IPO.
full member
Activity: 237
Merit: 100
What was the price of the IPO per Crypti?

someone please answer? I want to buy some and want to determine the buy in price for myself.


It was about 900sat or about 114k Crypti per BTC
sr. member
Activity: 267
Merit: 250
What was the price of the IPO per Crypti?

someone please answer? I want to buy some and want to determine the buy in price for myself.
hero member
Activity: 756
Merit: 502
Better communication may have helped, but again, your main mistake was expecting the poll to really mean anything. You should have paid more attention to what people were saying in that actual thread, and I don't mean the one sentence replies asking repeatedly when the coin would go on sale ... like they were sitting at a vegas table. The reasons why people said this was a bad idea was all that mattered. There were ways around it, go over the cap, use your own coins to cover over the cap people, and so on ... but really if you wanted to break the rules to allow early trading, you should have also figured out a solution for all of those people hurt by that decision too.

Anyway, as you say, consider it a learning experience.

Thanks for the feedback, it certainly helps to hear a thoughtful criticism of how we could have handled it better.

We are very welcoming such kind of feedback, and will apply it as we move forward.
sr. member
Activity: 378
Merit: 250
With a price now of 1500 satoshi, XCR has a market cap of 1500BTC, making it #40.  The volume of 67 BTC, places XCR in the top 20.  

With additional trading today, XCR may make the top 10 or even #7 for past 24hrs

Looking at some of the coins in the top 40 for market cap, I think Crypti has plenty of space to grow from here.

Also really happy I managed to buy a bit more and am already in profit on that!
sr. member
Activity: 294
Merit: 250
★777Coin.com★ Fun BTC Casino!
sr. member
Activity: 267
Merit: 250
What was the price of the IPO per Crypti?
hero member
Activity: 1204
Merit: 509


I voted no for trading pre-launch but I don't see allowing trading is such a big deal. If the team has no obligation with those over the cap. They come late when the theater is full so what do they expect ? those people can only getting in if someone chooses to refund and it is very unlikely given how hot the IPO was.

Late comers can buy a pretty good deal now which is just 50% above IPO price. In other scenario, if there is no pre-launch trading, the fund would be held up until launch with a small possibility of getting IPO price. But if those late comer don't get IPO price because there is no refund, they likely won't be able to get in at this price currently. More likely 3 or 4 time more expensive. It is much better to be able to buy now for these later comer imho.



It's probably not that huge a deal. But I can understand if someone bought the coin, figured they owned it... logged in days later to see early trading started and they had no actual coin, how they could be annoyed. The key problem was how the IPO was set up. Typically IPOs don't allow purchases once they go over the cap to begin with.

I also am not so fond of IPOs breaking their own rules, as it sets up fodder for trolls to use later on. But I do agree with you that overall the end result for most people as far as getting coins or not probably would have been the same. It just looks sort of bad, and people could use the argument that although the team was under no obligation to those over the cap, perhaps they should have been after they changed the rules for early trading.
hero member
Activity: 700
Merit: 500
Member of the Crypti Foundation Board of Directors
With a price now of 1500 satoshi, XCR has a market cap of 1500BTC, making it #40.  The volume of 67 BTC, places XCR in the top 20.  

With additional trading today, XCR may make the top 10 or even #7 for past 24hrs
hero member
Activity: 1204
Merit: 509


As I just have PM'ed BEECoinFan, our main goal with this move was to protect the buyers, looking to swap their Bter accounts. We felt it's a reasonable compromise to slightly advance the trades, having Bter as the major genesis holder, especially after seeing the poll thread responses.  It also why we did our best to refund these who had their CRSALE pending ASAP, so they could get their BTC back for other opportunities.

I do agree that we could have communicated it better, and perhaps the outcome of the opinions would be different then.
We are learning from this experience, and will apply additional communication mediums next time, to reach as many buyers as possible.

Better communication may have helped, but again, your main mistake was expecting the poll to really mean anything. You should have paid more attention to what people were saying in that actual thread, and I don't mean the one sentence replies asking repeatedly when the coin would go on sale ... like they were sitting at a vegas table. The reasons why people said this was a bad idea was all that mattered. There were ways around it, go over the cap, use your own coins to cover over the cap people, and so on ... but really if you wanted to break the rules to allow early trading, you should have also figured out a solution for all of those people hurt by that decision too.

Anyway, as you say, consider it a learning experience.

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