Topic: [XCR] Crypti | Dapps | Sidechains | Dapp Store | OPEN SOURCE | 100% own code | DPoS - page 549. (Read 804701 times)

I keep watching the IPO volume in bter and found the total volume is decreasing, the volume is 176.3 now but two hours ago it's 183 and it's 192 four hours ago,  I can't find any sell out information in trade history, can you explain this ?

Now:
176.3
Volume(BTC)

Why not page "Peers"?
How to understand that the system operates in the network?

Well, if you are in the BTER Escrow you have 20 days to decide if it goes to high and get out with zero loss.

I think I speak for a lot of investors here when I say I appreciate the effort.

If the cap is 2000btc or less, I will invest some btc(less than 0.5btc).

Yeah I realized that, I misread the OP the first time around so no worries there. Also I saw you posted about an official blog earlier and you were discussing which CMS to use. Choose either Ghost or Tumblr, Blogger isn't that grand and not that many use it. Ghost is pretty new but also a bit generic. Tumblr is already used by Crypty and Dogecoin for their blogs so I'd recommend them the most.

Some of these comments about the 15%-25% dev fund are misleading. Let me clarify this again as I don't think it is being understood the way it was intended.

The 10% of the 15%-25% that decreases as we raise more in the pre-sale is for the dev fund. That is why this number decreases as we make more BTC. If we have more BTC, we don't also need the 10% Crypti.

The 15% is to pay the development team that created Crypti for work already accomplished to get to this point. That includes 9 team members with a set percentage of that amount already being agreed to by each member prior to starting any work as the terms of their employment. That 15% will be managed in a vested strategy which will essentially unlock a portion every 3 months over the next 12 months when all funds will have been awarded. This is to encourage the development team to continue their work and to ensure they continue to increase the valuation of Crypti for investors because if they don't, then when their stakes unlock they will be worthless. It is also to ensure no development team members simply "dump" their Crypti and run off. This money however cannot be allocated to future development initiatives as it has already been designated as payment to the 9 members of the team who have been working for months to get Crypti to launch. It is simply being locked aside by the Foundation and Community to be released on a vested schedule.

So in essence, the 10% and the BTC earned are the development fund for bounties, new initiatives, to hire new developers, market, etc. If the BTC investments reach 500 BTC, the 10% will be re-allocated to the investors (increasing their total allocated funds to 85,000,000) and the development fund will consist of the final tally of invested BTC in the pre-sale (at this point at least 500 BTC).

So in essence, when we talk about the development fund, if we are setting a cap of 750 or 1000 BTC, that is already past the 500 BTC re-allocation phase, so the development fund would be whatever the cap is set to, if we were to earn that much.

Does that all make sense? (My daughter came in to ask me to fill her cup so I feel like I got distracted half way through).

When do Bitcoin-er learn that POS coin does not have "premine". Every POS look more like a start-up or a DAO than a currency.

If you read my post, then sorry my bad, I misread the OP

Details about the percentage distribution can be found here :

How are we OK with up to 25% of "premine" on this?

This was what I was thinking also, when I say at max 750 BTC. If you budgeted originally for 500 BTC, then set a cap of 500 BTC. I'm guessing this will be used to essentially bootstrap Crypti.

If Crypti becomes a success, which I'm sure it will, the 15-25% of the supply you've set aside for dev funds, would be worth a whole lot more than 500 BTC, those funds could be used for the long term growth of Crypti.

My bad misread first post. I'd be fine with anywhere up to 750 BTC as a cap.

one day 200btc is not a good news for investor.

I know it's a can of worms but we really do intend for this to be an open, community driven initiative and development process post launch, so I really do want to know what everyone thinks.

If you need 500 why not set limit as 500?

I think the cap should not be put in place to overly limit and prevent people to join but rather to have both an effective safety net for investors and an even greater incentive for people to invest as soon as possible since after a certain threshold the IPO would have reached its target and would close.

In my opinion the threshold where the IPO becomes problematic is around 1000 btc. Some cap along that sum would allow a great amount of people to join, the dev team would raise 2x the amount needed for development and investors would be covered against over dilution.

If there would be much more demand I think this would serve crypti very well and would only drive the price up once it has launched and is trading on bter.

im no expert but 750 sounds good...i will buy-in if this is the max

650-750 btc max, its a lot of cash and you wont me believe you need more from now to create a really nice base in this project.

750 BTC should be enough...

If it's 1000 BTC I personally have no doubts and will invest right away. 2000 BTC is questionable because there are some other opportunities with potencially higher ROI. But 1K BTC is totally cool.

Well I was thinking a max of 750 BTC, as you guys mentioned around 500 BTC was needed, therefore 750 BTC would be a surplus. Plus you'll have 15/25% of the Crypti supply for development funding. That's my only reason behind lowering your expected cap seeing as you'll still have 15% or 25% of the Crypti supply anyway for development funds.