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Topic: [XCR] Crypti | Dapps | Sidechains | Dapp Store | OPEN SOURCE | 100% own code | DPoS - page 565. (Read 804701 times)

hero member
Activity: 658
Merit: 500
can someone ELI5 how the early purchase bonus works?  is there some additional Crypti held back, that will then be awarded?  or is there some complicated weighting that will take place retroactively after the sale closes? 

i'd like to understand this better so i can evaluate if i want to invest early, or wait and see.

thanks
hero member
Activity: 700
Merit: 500
-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA512

I agreed to provide an escrow service for the initial coin distribution of the "Crypti" project. The main thread for this project is here: https://bitcointalksearch.org/topic/xcr-crypti-dapps-sidechains-dapp-store-open-source-100-own-code-dpos-654463

BE SURE TO FULLY READ AND UNDERSTAND ALL OF THIS BEFORE SENDING BITCOINS TO THE ESCROW ADDRESS.

* PREAMBLE

• By sending Bitcoins to the escrow address you agree to the terms of this escrow service as detailed below.

• I will not take any responsibility for Bitcoins you send to the escrow address. People who already have used my escrow service most probably know that I won't run away with your coins. I will of course do my best to keep them safe and I’ll try to make this a success for all parties concerned. But there are always uncontrollable circumstances and some things could potentially go wrong with a new project like this. So I can't take any responsibility for your Bitcoins or the Crypti coins you wish to receive.

• Should there be any dispute between investors and the Crypti team I will be the ultimate arbitrator to decide what's to happen with the Bitcoins sent to the escrow address.

• I do not personally know the developers of this project and I don't invest in this project myself. I'm not affiliated with any of the Crypti developers, I'm not endorsing this project and I don't give any recommendation to invest. I'm merely providing a neutral escrow service. Be sure to do your own research.

• I signed this message with my PGP key, you can find my public PGP key in my profile signature and on www.keybase.io/maxmint. I never send out escrow details or Bitcoin addresses without signing them.

• Don't trust quoted addresses as they may be tampered with. If in doubt, refer to my original posting and verify my signed message.

• Should the Bitcointalk forum go down you can reach me at [email protected]

• A copy of this posting is located at http://pastebin.com/LtJ218jC

* THE ESCROW ADDRESS

• I created a Bitcoin address, hereinafter referred to as the escrow address.
• The escrow address was created on an offline computer and is backed up securely.
• The escrow address is 1u2FuXyp9BSVKaNA1FidqzTvRsYiGVkn8
• Do NOT send Bitcoins from an address that you don't control the private key of. This is absolutely crucial as you will have to sign a message with your private key to claim your Crypti coins. If you don't know what a private key is then you should not proceed at all.
• Do NOT send Bitcoins from a hosted wallet like Coinbase as you won't be able to access your private key. Sending from a hosted wallet like Coinbase means that you won't be able to receive Crypti coins and that you won't be able to receive a refund of your Bitcoins.
• Please also note that a Bitcoin transaction can have multiple inputs. This means that your Bitcoin client probably sends from more than one address. Always send from only one single address, most modern Bitcoin clients allow you to choose your inputs. If your transaction has multiple inputs then the largest input will be considered as the relevant investment address.

* PHASE 1: PRE-SALE

• The investment phase for the Crypti project ("pre-sale") will run for 30 days. It starts on Fri, 11 July 2014 00:00:00 UTC (epoch timestamp: 1405036800) and runs until Sun, 10 August 2014 00:00:00 UTC (epoch timestamp: 1407628800).
• People who are interested in investing in the Crypti project can send their Bitcoins to the escrow address and will get a share of Crypti coins after the pre-sale has ended, see section "Crypti coin distribution".
• There will be a fee deducted from your investment, see section "escrow service fees".
• After the pre-sale has ended, you will have to sign a message with the private key of the investment address you sent the Bitcoins from. This message will include your Crypti account number and allows the Crypti team to securely link your investment to your Crypti account number.
• I will hold the Bitcoins on the escrow address until the Crypti development team has successfully distributed Crypti coins to all investors in the announced way.

* PHASE 2: CRYPTI COIN DISTRIBUTION

• Within 7 days after the pre-sale has ended (until Sun, 17 August 2014 00:00:00 UTC, epoch timestamp 1408233600), the Crypti team will send Crypti coins to each of the investors according to the allocation scheme described here: https://github.com/crypti/crypti-docs/blob/master/presale.md
• I have copied this document to pastebin for later reference: http://pastebin.com/DqCNWWug
• I also created a SHA256 hash of the raw pastebin document: 79bfb302c21cf075b668fcb5d428c574734519e9fe11bc8d8787a642adde2188
• There's a minimum investment amount of 0.01 BTC. Any transaction that sends less than 0.01 BTC will not be included in the Crypti coin distribution and will not be refunded.
• There's a cap of 2% (of total Bitcoins invested during the pre-sale, both via Bter and Maxmint) per transaction. Any transaction larger than 2% of the total amount of Bitcoins collected will receive a refund of the excess amount. So if you send 4 BTC and the total amount collected was 150 BTC you would receive a refund of 1 BTC.

* PHASE 3: WAITING PERIOD

• After the initial coin distribution, there will be a 7 day waiting period. During this time the Crypti coin distribution can be checked and possible complaints can be filed.
• I will NOT check each and every Crypti account to see whether this account received the correct amount of Crypti coins. Instead, I will use an automated tool provided by the Crypti team to get an overall look on the Crypti coin distribution. This tool is located here: http://crypti.me:11050/
• Should an investor feel that his account received the wrong amount of Crypti coins or no Crypti coins at all then he will need to contact the Crypti team as well as me.
• In case of disputes I will refer to the above distribution scheme.

* PHASE 4: RELEASE OF BITCOINS

• After the waiting period is over and in case of a successful Crypti coin distribution, I will send the Bitcoins on the escrow address to the Crypti team, minus a 1% success fee.
• Should the Crypti team not be able to distribute Crypti coins in the announced way, then I will send back investments to investors, minus a 3% service fee, see section "Refunds".

* ESCROW SERVICE FEES

• There are 2 fees for this escrow service, a 1% success fee and a 3% refund fee.
• In case of success, the 1% fee will be deducted from your investment. So if you send 1 BTC to the escrow address you will receive Crypti coins worth 0.99 BTC and the Crypti team will receive 0.99 BTC.
• In case of a refund, a 3% fee will be deducted from your refund. So if you send 1 BTC to the escrow address and I send back a refund, you will receive 0.97 BTC.

* REFUNDS

• A refund will only be sent if the Crypti team is not able to deliver Crypti coins in the announced way.
• You won’t be able to receive a refund during the pre-sale period.
• A refund will be sent back to your investment address. If a transaction has multiple inputs then I will send the refund to the input with the largest amount. Should there be 2 inputs with the exact same amount then I will choose randomly.
• There will be a 3% fee deducted from the refunded amount, see section "escrow service fees".
• The necessary mining fee for refunds will be deducted from each investment.

* DISPUTE HANDLING AND UNFORESEEN PROBLEMS

• It's quite obvious that there could be problems that are not foreseeable. Should an unforeseen problem occur, then I will talk back to the community as well as the Crypti team to find a solution. Should there be no solution that everybody agrees on then I will be the ultimate arbitrator to decide how to proceed.
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legendary
Activity: 1736
Merit: 1001
...and dgex. Thanks, I clarified my post.

Actually dgex has elected not to participate in the pre-sale for the moment, however we agreed together that they will be able to join any time they want, both to pre-sale and to post-sale trading.

That disappointing considering I already transferred BTC there in preparation of the pre-sale.
3% fee dude bter is 0%

well BTER is a last minute announcement. And it will cost me 1.4% to withdraw now. So, I guess I'll just buy Nxt with it.

Also, do you think the CRY will be free to withdraw from BTER? I expect they aren't doing this out of the goodness of their hearts.
hero member
Activity: 714
Merit: 500
...and dgex. Thanks, I clarified my post.

Actually dgex has elected not to participate in the pre-sale for the moment, however we agreed together that they will be able to join any time they want, both to pre-sale and to post-sale trading.

That disappointing considering I already transferred BTC there in preparation of the pre-sale.
3% fee dude bter is 0%
legendary
Activity: 1736
Merit: 1001
...and dgex. Thanks, I clarified my post.

Actually dgex has elected not to participate in the pre-sale for the moment, however we agreed together that they will be able to join any time they want, both to pre-sale and to post-sale trading.

That disappointing considering I already transferred BTC there in preparation of the pre-sale.
hero member
Activity: 756
Merit: 502
...and dgex. Thanks, I clarified my post.

Actually dgex has elected not to participate in the pre-sale for the moment, however we agreed together that they will be able to join any time they want, both to pre-sale and to post-sale trading.
hero member
Activity: 756
Merit: 502
Last pre-sale updates

  • Pre-sale start was schedulled to July 11th 00:00, to give an additional preparation time for the buyers
  • Cap per investor was set to 2% of total raised
  • Dgex has chosen not to participate at the pre-sale for the moment, however they may join later on

The ANN op will be updated with these details and pre-sale instructions soon.
We also now sending announcement emails to everyone who registered on the site.
legendary
Activity: 1736
Merit: 1001
They would put it into your CRYPTI balance on the exchange I assume.

So, they have the amount you spent on CRSALE and the date you made it. Crypti DEVS send 100% of the CRYPTI coin to BTER's wallet. BTER then distributes to your CRYTPI balance based on that information and the IPO info provided to them from the Crypti devs. Then you withdraw the money to your wallet.

Very true, the only remarks is that Crypti will divided between Bter and Maxmint, giving buyers both options to work with.

...and dgex. Thanks, I clarified my post.
hero member
Activity: 756
Merit: 502
They would put it into your CRYPTI balance on the exchange I assume.

So, they have the amount you spent on CRSALE and the date you made it. Crypti DEVS send 100% of the CRYPTI coin to BTER's wallet. BTER then distributes to your CRYTPI balance based on that information and the IPO info provided to them from the Crypti devs. Then you withdraw the money to your wallet.

Very true, the only remarks is that Crypti will divided between Bter and Maxmint, giving buyers both options to work with.
legendary
Activity: 1736
Merit: 1001
legendary
Activity: 2898
Merit: 1017
hero member
Activity: 714
Merit: 500
its on bter now CRSALE no market yet
legendary
Activity: 1736
Merit: 1001
legendary
Activity: 2898
Merit: 1017
legendary
Activity: 1736
Merit: 1001
legendary
Activity: 2898
Merit: 1017
legendary
Activity: 1736
Merit: 1001
I would verify that this is actually BTER. The NXT team got contacted by "mintpal" that said if they sent them "X" BTC that they would add it to the exchange. Turned out to be a scammer.

https://twitter.com/btercom/status/486884053623115777

https://bter.com/article/1752

As for the two factor auth... they only use the GOOGLE authenticator.  So you have to give GOOGLE all your personal information, and let them monitor you when you use the service.

I'm going to assume you have never used Google Authenticator. You need to give Zero information to google to use it. You can even use another app. For iOS there is HDE OTP which is said to be compatible. Windows Phones have their own app as well.

http://mclamp.github.io/JAuth

thanks! I didn't know about jauth.
sr. member
Activity: 1092
Merit: 254
I do hope you guys are keeping up to Grexx's standard (from Levelcoin's thread)
This forum just seems like it caters to empowering shady people. The lack of any form of standards or regulations on the posting, marketing, and fund-raising of these altcoins is kind of unbelievable.

Is there any type of launch platform with built in escrow that you can use to find legitimate and vetted new coins? One where for instance the moderators who run the site require driver's license, phone contact, and other forms of proof? The first time I tried to create a Mt. Gox account I got denied because I didn't provide the right kind of utility bill with my address, they need something with that level of scrutiny.

I think new coins, if implementing new ideas and conducting proper and legitimate launches are a great thing for the community, but now that I have started looking into how many of them are scams and just downright unprofessional it kind of makes me want to steer clear of here altogether.

Here's another for someone who wants to know where the devs are coming with their IPO figures

We have seen launches bring in anywhere from 23 BTC - 143 BTC for "PoS" type coins.

If we look at these numbers based on the BTC -> USD value on Coinbase as of today (roughly $606), that equates to anywhere from about $14,000 USD - $87,000 USD. To many, this might seem like a fortune, but to a business trying to get off of the ground with no future ability to make money (we aren't maintaining any rights or ability to sell our product later), this is a very small sum of money. Let's try to put this amount in perspective.
legendary
Activity: 1736
Merit: 1001
BTER is based in China.   Bitcoin is illegal in China.  You risk having your BTC locked out by the China Firewall or confiscated by the Chinese National Police.  

Nor do you have a recourse if your coins are stolen.

BTER has had many coins stolen.  they want you to use GOOGLE two factor authentication,which you will have to installon yor smartphone.  

And still the top exchange is China based...

Any evidence to Bter "stealing" any coins, before you throw these accusations?

Also, two factor authentication is actually a very good security measure, and practically a standard today.

I did not say they were "Stealing coins"  I said many coins have been stolen by hacks.  Check the other blogs, like FRESH coin

As for the two factor auth... they only use the GOOGLE authenticator.  So you have to give GOOGLE all your personal information, and let them monitor you when you use the service.  GOOGLE=NSA.

I'm going to assume you have never used Google Authenticator. You need to give Zero information to google to use it. You can even use another app. For iOS there is HDE OTP which is said to be compatible. Windows Phones have their own app as well.

Also, google has been taking serious steps to keep the NSA from being able to monitor stuff. Got any more FUD to spread?
legendary
Activity: 1736
Merit: 1001
Important update
We are very excited to announce, that Bter will join pre-sale as a 3rd escrow option!

Bter will offer the following competitive advantages:
  • 0% escrow fee
  • Trading start once the pre-sale is over (pending integration with Crypti API)
  • Refund option - every buyer will be able to get his BTC back within the first 20 days of the pre-sale.
    (Starting with the 21st day, 10% of the transaction will be automatically converted to Crypti each day, to prevent potential last moment gaming)

We believe that Bter addition will further ensure the initial distribution of Crypti, creating a significant customer base that will be very attractive for eCommerce and merchants, and assist in promoting Crypti to become their new favorite sales and payment channel.


Pre-sale start
We are aiming to start the pre-sale at 10/7, 00:00 UTC, final date will be published later both here and via email announcements (to these who have registered on Crypti site).


The ANN will be updated soon, and pre-sale instructions will be posted as well.

why not add Poloniex, Mintpal, btc38 ? if you will , i would like to pledge 0.001 BTC help your team to add these exchange


can you tell me the time you spend how to sell Crypti and the development ?






Only bter, dgex contacted us and want to make Pre-sale and trading after Pre-sale.

  you knew that there are so many Chinese people want to invest this coin from these post, so you team take the initiative contact the bter in order to attract more and more Chinese investor - to get more BTC .  Chinese man seems stupid.  Wink

  I really hate this motivation .  people will far away with your and your team.


  
  Last question , could tell us whether is your contact bter or bter contact your at first ? Please answear me .


I didn't send any requests to bter, maybe somebody from team, but i don't know. Bter contacted me first in PM.
And do you want to block all Chinese guys? It's very stupid, i can't do it. And this is racism.

I would verify that this is actually BTER. The NXT team got contacted by "mintpal" that said if they sent them "X" BTC that they would add it to the exchange. Turned out to be a scammer.
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