[XCR] Crypti | Dapps | Sidechains | Dapp Store | OPEN SOURCE | 100% own code | DPoS - page 522.

SyRenity

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Quote from: dzarmush on July 15, 2014, 11:52:51 PM

I've got a suggestion. If other investors don't mind how about letting those people over 750 BTC keep their stakes? It's just 761 BTC instead of 750, so not a big difference for majority but we'll have more initial stakeholders and some of them might be helpful.

Although someone still could refund 11 BTC until August 10th and they'll got stakes automatically.

We have to stick to the original terms, however as you correctly said, in case someone refunds his stake, they will get the refunded amount together with the 24% bonus (prioritized by the time of their purchase).

SyRenity

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Quote from: cloudlover on July 16, 2014, 02:37:58 AM

no ,I do not point it .What I want to say is why do not close the ipo when reach the 750BTCs.

Due to:

1) Having raised it in the past, and having the community react negatively.
2) Having our escrow partners asking us to upkeep the 30 days term stated in original pre-sale terms.

Quote from: dzarmush on July 15, 2014, 11:32:17 PM

UPD: I personally have no problem with keeping the original period going and have an opportunity to refund at any moment. But I guess it'll better to listen what others think.

I agree, and if the community does agree now to close the pre-sale period, and ready to vote for it in a separate thread to indicate there is a majority beyond this decision, then we will be able to raise it to our escrow partners and discuss closing the pre-sale.

cloudlover

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Quote from: SyRenity on July 16, 2014, 02:26:14 AM

Quote from: cloudlover on July 16, 2014, 12:26:31 AM

Pardon me for speaking frankly，if the ipo reach your object for 750BTCs,what means do the ipo stand by the original terms? let guys buy and be refunded,it is good game? we all konw there is no change to join IPO,but still open the trading?why?

It only possible to refund CRSALE at the moment, otherwise trading on CRSALE purchase tokens themselves will be not possible.

no ,I do not point it .What I want to say is why do not close the ipo when reach the 750BTCs.

SyRenity

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Quote from: Eadeqa on July 16, 2014, 12:00:02 AM

Why did they sell more than 750 BTC if that was the limit? Looks to me they are the ones who screwed up, not the buyers who bought it legitimately. They should fix the problem

We apologize for this issue, as correctly mentioned before there is unfortunately no correlation between Bter and Maxmint channels, hence there was no way to know in advance which channel will reach the cap.

We are looking to receive Bter data soon and launch the ledger, to have the questions regarding the future distribution clarified.

SyRenity

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Quote from: samsmith16 on July 16, 2014, 12:03:27 AM

I guess the only sticky part is the 10 btc on the waiting list... they technically put their btc in now and would be entitled to a 24% bonus but there is no telling which day the return will happen that will let them come off the waiting list... So what % bonus do they get for having thier btc tied up for the next 3 weeks to potentially get them right back if no one returns...

Any purchase that was performed on Bter before the buy option was removed, is considered as finalized CRSALE purchase and will be eligible to the a 24% bonus, in case there are refunds.

SyRenity

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Quote from: cloudlover on July 16, 2014, 12:26:31 AM

Pardon me for speaking frankly，if the ipo reach your object for 750BTCs,what means do the ipo stand by the original terms? let guys buy and be refunded,it is good game? we all konw there is no change to join IPO,but still open the trading?why?

It only possible to refund CRSALE at the moment, otherwise trading on CRSALE purchase tokens themselves will be not possible.

SyRenity

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Activity: 756

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Quote from: xtester on July 16, 2014, 12:27:22 AM

Could you please elaborate on this? How will we proceed now that the cap is reached?

We (the Crypti team) will continue working hard both on Crypti technology and business development, posting here tangible results periodically.

Moreover, we will use this period to finalize the Foundation charter and establish the Foundation from Crypti launch team and community members, and finalize the remaining materials (white-paper, ledger, site, etc...).

Once the August the 10th arrives, we will officially launch Crypti mainnet, and start distributing the genesis block to buyers.

Relaxedsense

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Ok, thanks for your time again.

Cheers

SyRenity

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Quote from: Relaxedsense on July 16, 2014, 02:00:28 AM

So the market will open on 10th of August? Not somewhere this week?

As communicated before, Crypti will be distributed after the pre-sale period is over, and become trade-able on it's own ticker (rather then the current CRSALE used for purchase tokens now).

That said, we are using this period to close business partnerships, which will give additional value to Crypti from the start.

Relaxedsense

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Quote from: dzarmush on July 16, 2014, 01:06:38 AM

Quote from: xtester on July 16, 2014, 12:27:22 AM

Quote from: SyRenity on July 15, 2014, 11:35:48 PM

Quote from: dzarmush on July 15, 2014, 11:32:17 PM

Quote from: SyRenity on July 10, 2014, 04:54:29 PM

To be more clear, I've only mentioned it in the light of the repeating community requests for the max cap, as there won't be any sense to keep the pre-sale going if the said max cap is reached. That said, if we do set a max cap and reach it, and the community will prefer to keep the original period going, we will respect it.

Indeed, however the community reaction to this was quite negative at the time.
Moreover our escrow partners have additionally urged us to withstand with the originally announced terms, which we also respect.

Could you please elaborate on this? How will we proceed now that the cap is reached?

Just wait till August 10th and get your Crypti on your Bter account.

Bter left buy order opened, so if you want you can refund yourself by selling CRSALE.

So the market will open on 10th of August? Not somewhere this week?

dzarmush

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Quote from: xtester on July 16, 2014, 12:27:22 AM

Quote from: SyRenity on July 15, 2014, 11:35:48 PM

Quote from: dzarmush on July 15, 2014, 11:32:17 PM

Quote from: SyRenity on July 10, 2014, 04:54:29 PM

To be more clear, I've only mentioned it in the light of the repeating community requests for the max cap, as there won't be any sense to keep the pre-sale going if the said max cap is reached. That said, if we do set a max cap and reach it, and the community will prefer to keep the original period going, we will respect it.

Indeed, however the community reaction to this was quite negative at the time.
Moreover our escrow partners have additionally urged us to withstand with the originally announced terms, which we also respect.

Could you please elaborate on this? How will we proceed now that the cap is reached?

Just wait till August 10th and get your Crypti on your Bter account.

Bter left buy order opened, so if you want you can refund yourself by selling CRSALE.

mladen00

legendary

Activity: 2124

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K-ing®

Dev news are great!!!

Fast fast transactions...professional aplication

I think there will be great fight between NXT, NEM& CRIPTI for no.2 value
on the crypto marketcap

crypti

hero member

Activity: 511

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Boris, Crypti Lead Developer, Lisk Advisor

OP post updated

Dev news

P2P version (another blockchain, testnet, testing)

http://146.148.20.50:6040/
http://188.226.215.51:6040/

PoS will be available today(evening, night)-tomorrow(morning).

Fixes:

Refactoring in transactions.
Moved all passphrase operations to POST requests from GET. Thanks community for response.
Fixed some little issues in UI.

Reddit

Reddit added to OP post: http://www.reddit.com/r/Crypti

Issues

Post all issues to https://github.com/crypti/crypti-public/issues or to my PM.

Thank you!

xtester

hero member

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Risk taker & Black Swan farmer.

Quote from: SyRenity on July 15, 2014, 11:35:48 PM

Quote from: dzarmush on July 15, 2014, 11:32:17 PM

Quote from: SyRenity on July 10, 2014, 04:54:29 PM

To be more clear, I've only mentioned it in the light of the repeating community requests for the max cap, as there won't be any sense to keep the pre-sale going if the said max cap is reached. That said, if we do set a max cap and reach it, and the community will prefer to keep the original period going, we will respect it.

Indeed, however the community reaction to this was quite negative at the time.
Moreover our escrow partners have additionally urged us to withstand with the originally announced terms, which we also respect.

Could you please elaborate on this? How will we proceed now that the cap is reached?

cloudlover

member

Activity: 84

Merit: 10

Quote from: SyRenity on July 15, 2014, 11:20:50 PM

Quote from: dzarmush on July 15, 2014, 11:12:43 PM

Sounds like you're going to keep IPO open 25 more days.

The announced period of this pre-sale is 30 days (ending August 10th, 00:00 UTC), and while we are very happy that the cap was reached so soon, we still will stand by the original terms.

Pardon me for speaking frankly，if the ipo reach your object for 750BTCs,what means do the ipo stand by the original terms? let guys buy and be refunded,it is good game? we all konw there is no change to join IPO,but still open the trading?why?

Primitive

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Quote from: weedo84 on July 16, 2014, 12:15:17 AM

haha, Primitive, you're here angry at the trolls as well!? ; P

its not quite as bad over here as the VIA thread. i didnt have my second cup of coffee today and i've had a short fuse all day

Acidyo

hero member

Activity: 588

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Will Bitcoin Rise Again to $60,000?

Hello everyone!

Just want to remind you about our sub-reddit. Come on by and check it out, we will start using it a lot in the upcoming launch of the coin!

http://www.reddit.com/r/Crypti

Cheers!

weedo84

full member

Activity: 145

Merit: 100

Quote from: Primitive on July 15, 2014, 11:57:00 PM

Quote from: Eadeqa on July 15, 2014, 11:54:28 PM

Does everyone who owns CRSALE right now gets the stake before you set buy order to 0 regardless if it's over 750 BTC? I says yes, because it's clearly your mistake is you sold more than 750

its also very clearly explained in the OP and related document that there was a cap of 750. people need to take personal responsibility and stop blaming others.

i don't care what the devs do on this issue, but if they decide to not honor purchases that came after the cap is reached, then they would be well within their rights to do so.

haha, Primitive, you're here angry at the trolls as well!? ; P

dzarmush

legendary

Activity: 1806

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Quote from: Eadeqa on July 16, 2014, 12:00:02 AM

Why did they sell more than 750 BTC if that was the limit? Looks to me they are the ones who screwed up, not the buyers who bought it legitimately. They should fix the problem.

Nobody screwed anything. There were two investments options: Bter and Maxmint. They weren't synced so devs notified everybody several times that all investment over 750 BTC will be refunded. See no problem here. Those who were late won't lose anything, they'll get their money back. Or if someone decides to refund they'll get stakes.

samsmith16

sr. member

Activity: 490

Merit: 250

I guess the only sticky part is the 10 btc on the waiting list... they technically put their btc in now and would be entitled to a 24% bonus but there is no telling which day the return will happen that will let them come off the waiting list... So what % bonus do they get for having thier btc tied up for the next 3 weeks to potentially get them right back if no one returns...

edit: I invested days ago just trying to speak for everyone...

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