[XCR] Crypti | Dapps | Sidechains | Dapp Store | OPEN SOURCE | 100% own code | DPoS - page 523.

Eadeqa

hero member

Activity: 644

Merit: 500

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.

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

samsmith16

sr. member

Activity: 490

Merit: 250

Quote from: Eadeqa on July 15, 2014, 11:44:10 PM

Quote from: PilotofBTC on July 15, 2014, 11:38:28 PM

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.

I don't see the point, if the cap was reached. But, neither do I have a problem with it.

Some might want a refund. That will allows others who missed it to buy.

There are no sell orders now

https://bter.com/trade/crsale_btc

But 61 buy orders

Right so once 10.90668072 has been returned to the buy orders then any other returns will be added to the sell order... allowing some late comer to buy in...

I'm ok with you leaving this open stuff happens in life and ppl may need to pull out in an emergent need...

Primitive

hero member

Activity: 658

Merit: 500

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.

dzarmush

legendary

Activity: 1806

Merit: 1001

Quote from: Eadeqa on July 15, 2014, 11:49:21 PM

Though what does 61 buy orders mean?

It means that investors can sell their stakes and get their BTC back.

Eadeqa

hero member

Activity: 644

Merit: 500

Quote from: SyRenity on July 15, 2014, 11:51:01 PM

As the cap of 750 BTC was reached, we have set the current buy order on Bter to 0.

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 say yes, because it's clearly your mistake as you sold more than 750

dzarmush

legendary

Activity: 1806

Merit: 1001

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.

SyRenity

hero member

Activity: 756

Merit: 502

Important update

As the cap of 750 BTC was reached, we have set the current buy order on Bter to 0.
It will be possible in future to create buy orders, which will be processed in case of refunds (with the bonus applied at the moment of the actual buy).

Also we should finally get the actual buy/sell data from Bter soon, and will be able to launch the ledger with Crypti estimated allocations.

Eadeqa

hero member

Activity: 644

Merit: 500

Quote from: dzarmush on July 15, 2014, 11:46:23 PM

Now it's perfect. Everybody can be refunded but no confusion either IPO is still going on or not.

Though what does 61 buy orders mean? Everyone who bought it should have a stake. It's bter fault if they sold more than 750

dzarmush

legendary

Activity: 1806

Merit: 1001

Quote from: Eadeqa on July 15, 2014, 11:44:10 PM

Quote from: PilotofBTC on July 15, 2014, 11:38:28 PM

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.

I don't see the point, if the cap was reached. But, neither do I have a problem with it.

Some might want a refund. That will allows others who missed it to buy.

There are no sell orders now

https://bter.com/trade/crsale_btc

But 61 buy orders

Now it's perfect. Everybody can be refunded but no confusion either IPO is still going on or not.

Eadeqa

hero member

Activity: 644

Merit: 500

Quote from: PilotofBTC on July 15, 2014, 11:38:28 PM

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.

I don't see the point, if the cap was reached. But, neither do I have a problem with it.

Some might want a refund. That will allows others who missed it to buy.

There are no sell orders now

https://bter.com/trade/crsale_btc

But 61 buy orders

PilotofBTC

legendary

Activity: 1736

Merit: 1001

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.

I don't see the point, if the cap was reached. But, neither do I have a problem with it.

SyRenity

hero member

Activity: 756

Merit: 502

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.

dzarmush

legendary

Activity: 1806

Merit: 1001

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.

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.

SyRenity

hero member

Activity: 756

Merit: 502

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.

yzhi

full member

Activity: 121

Merit: 100

Nice on releasing the whitepaper, will take a read on it today.

dzarmush

legendary

Activity: 1806

Merit: 1001

Quote from: SyRenity on July 15, 2014, 10:58:24 PM

We are now discussing with Bter the best way to proceed for the remainder of the pre-sale period, allowing both additional purchasing and refunding.
At the end of the pre-sale period, we will process the funds raised both through Bter and Maxmint, to refund these over the 750 BTC cap.

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

dzarmush

legendary

Activity: 1806

Merit: 1001

Quote from: 775011934 on July 15, 2014, 10:55:26 PM

Seems you will change your signature soon.

Nope.

SyRenity

hero member

Activity: 756

Merit: 502

Raised funds update

Following my communication with Bter, they confirmed that 727.103605 were raised.
Together with Maxmint raised 33.80307572, it totals to 760.90668072!

We are now discussing with Bter the best way to proceed for the remainder of the pre-sale period, allowing both additional purchasing and refunding.
At the end of the pre-sale period, we will process the funds raised both through Bter and Maxmint, to refund these over the 750 BTC cap.

On that note, I'd like to thank again the crypto community. We are grateful that you have given us this chance, and commit to making Crypti the best and most commonly accepted eCommerce crypto possible.

775011934

sr. member

Activity: 268

Merit: 250

love is first

Quote from: dzarmush on July 15, 2014, 06:44:32 PM

Quote from: ARGpentem on July 15, 2014, 06:15:57 PM

Quote from: dzarmush on July 15, 2014, 06:08:13 PM

Quote from: ShawnLeary on July 15, 2014, 06:04:49 PM

Quote from: dzarmush on July 15, 2014, 10:51:21 AM

Quote from: PilotofBTC on July 15, 2014, 10:47:27 AM

Quote from: subSTRATA on July 15, 2014, 07:31:41 AM

The total amount of Crypti in existence will be 100 Million and 85% will be distributed to shareholders so where from 30% bonus comes from? It can only come from 15% coins
reserved for initial investor and developers. If not, buying on the last day when bonus will be 0% would mean not actualy getting (coins + 0% bonus) but (coins - 30% bonus).

Can someone from developers clarify the matter?

It's really simple math that was already explained.

The bonus will be added to your BTC amount before the shares are calculated.

Considering length of the IPO there won't be 25-30% bonuses, but 0-5%. In order to get 30% bonus IPO should last 30 days with 0% for the 30th day. But it lasted just 5 days. I expect the cap is reached today.

I was hoping they were going to just diminish the dev cut based on the early completion of the IPO?

15% is not much at all. Devs are working hard and giving us one hell of a coin. We can't ask them to shrink their cut. Especially considering the fact that they're not going to keep IPO money to themselves but put it back into the coin.

I agree. Demanding more is greedy not the other way around. btw it looks like the IPO is going to end soon if not already is over.

Yep. Every investor will have x10 before Autumn. Can't ask for more.

I feel like it's not impossible to have market cap close to Nxt. With all this foundation stuff and negotiations with merchants. The team is damn serious about this coin. And 50 000 BTC market cap means x66.6 ROI for us.

Seems you will change your signature soon.

dzarmush

legendary

Activity: 1806

Merit: 1001

Quote from: samsmith16 on July 15, 2014, 10:16:44 PM

So 5 days and 750 btc

I'm I the only one curious of what No cap and 30 days would have brought in hahaha

Interesting precedent was established with Fimk and Crypti when an exchange does escrow. Cryptoworld is developing and becoming more civilized.

Topic: [XCR] Crypti | Dapps | Sidechains | Dapp Store | OPEN SOURCE | 100% own code | DPoS - page 523. (Read 804701 times)