[XCR] Crypti | Dapps | Sidechains | Dapp Store | OPEN SOURCE | 100% own code | DPoS - page 571.

Secondleo

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Quote from: GreXX on July 07, 2014, 10:11:51 AM

Quote from: gvans on July 07, 2014, 04:46:53 AM

Quote from: Momimaus on July 07, 2014, 03:57:34 AM

Jesus 10% per user is a joke. One of them can dump the price to exactly 0.

10% seems really high. See, if around 2 or 3% is considered usually maximum healthy premine on altcoins, why should buy-inn be any bigger?

The 10% number came from our discussions with DGEX. 10% max investment is what they used for their previous managed pre-sale and what they suggested we implement. We decided that we would take their advice and go with the recommended number they chose from experience.

DGEX did it once and it didn't explode. Also, as I assume DGEX will get compensation based on the amount of invested BTC over DGEX, there is a collision of interests.

Should compensation be based on the amount of invested BTC, the 10% is more self interest than interest in the well being of the coin.

GreXX

hero member

Activity: 518

Merit: 500

Quote from: Litoshi on July 07, 2014, 09:55:55 AM

Quote from: Neo.op on July 07, 2014, 12:38:39 AM

I have been following this thread for long. By the first IPO, I was happy with the detailed explanation from Grexx and SyRenity about initial distribution. Why the 15% or the 10% was required etc made sense. The final outlay about dev fund reflecting the amount of btc raised seemed good too. But then there was this:

https://bitcointalksearch.org/topic/m.7602355

This was just before the initial distribution. While it was later corrected by SyRenity to reflect the OP; now we have ended up with the same distribution (up to 25% premine for the guys). Now, IMO this amounts to double speak and constant moving goalpost by the team. So I am outta here.

PS: for guys who actually want to invest, at BTC at 650, here's what the whole coin will be worth:
250 BTC = 812,500
300 BTC = 1.02 million
350 BTC = 1.26 million
400 BTC = 1.53 million
450 BTC = 1.83 million
500 BTC = 2.17 million

Now the question is - is the current beta worth that much money? Think and invest.

The unanswered question is how many coins are going to be sold in the IPO. The OP says 80% of the genesis block. It does not say how big this block will be. Total coins to be mined is listed at 100Million. If the genesis block is a huge 1 million coins, and they raise even 250 BTC for the IPO, that makes each CRYPTI coin worth......25,000 satoshis!!!

Thats quite a high price for a new coin.

SO, what is the size of the genesis block going to be??

Litoshi, the genesis block is listed as 100,000,000 in the whitepaper, it must not have been transferred to the OP correctly when it was re-written for the new updates? It will all be created in the Genesis block and distributed according to escrow. There is no mining and all currency will be created in the genesis block. Hope that clears up that point.

GreXX

hero member

Activity: 518

Merit: 500

Quote from: gvans on July 07, 2014, 04:46:53 AM

Quote from: Momimaus on July 07, 2014, 03:57:34 AM

Jesus 10% per user is a joke. One of them can dump the price to exactly 0.

10% seems really high. See, if around 2 or 3% is considered usually maximum healthy premine on altcoins, why should buy-inn be any bigger?

The 10% number came from our discussions with DGEX. 10% max investment is what they used for their previous managed pre-sale and what they suggested we implement. We decided that we would take their advice and go with the recommended number they chose from experience.

Litoshi

hero member

Activity: 700

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Member of the Crypti Foundation Board of Directors

FROM THE OP:
Because Crypti is a Proof-of-Stake crypto-currency we will rely on an pre-sale for initial distribution of the supply. The total amount of Crypti in existence will be 100 Million. One Crypti will have 8 digits after the decimal point.

Does this mean that the genesis block is ALL the CRYPTSI in existence? No mining?

Litoshi

hero member

Activity: 700

Merit: 500

Member of the Crypti Foundation Board of Directors

Quote from: crypti on July 07, 2014, 10:00:41 AM

Genesis block - 100 millions coins

100 million coins, 80 million coins then for the IPO investors.

At 250 BTC invested...... 320,000 satoshi per CRYPTI coin....
At 500 BTC invested...... 640,000 Satoshi per CRYPTI coin

crypti

hero member

Activity: 511

Merit: 500

Boris, Crypti Lead Developer, Lisk Advisor

Genesis block - 100 millions coins

Litoshi

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Activity: 700

Merit: 500

Member of the Crypti Foundation Board of Directors

Quote from: Neo.op on July 07, 2014, 12:38:39 AM

I have been following this thread for long. By the first IPO, I was happy with the detailed explanation from Grexx and SyRenity about initial distribution. Why the 15% or the 10% was required etc made sense. The final outlay about dev fund reflecting the amount of btc raised seemed good too. But then there was this:

https://bitcointalksearch.org/topic/m.7602355

This was just before the initial distribution. While it was later corrected by SyRenity to reflect the OP; now we have ended up with the same distribution (up to 25% premine for the guys). Now, IMO this amounts to double speak and constant moving goalpost by the team. So I am outta here.

PS: for guys who actually want to invest, at BTC at 650, here's what the whole coin will be worth:
250 BTC = 812,500
300 BTC = 1.02 million
350 BTC = 1.26 million
400 BTC = 1.53 million
450 BTC = 1.83 million
500 BTC = 2.17 million

Now the question is - is the current beta worth that much money? Think and invest.

The unanswered question is how many coins are going to be sold in the IPO. The OP says 80% of the genesis block. It does not say how big this block will be. Total coins to be mined is listed at 100Million. If the genesis block is a huge 1 million coins, and they raise even 250 BTC for the IPO, that makes each CRYPTI coin worth......25,000 satoshis!!!

Thats quite a high price for a new coin.

SO, what is the size of the genesis block going to be??

PeterLong

newbie

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When will the escrows post the details about the procedures and terms of the escrows?

huxdy

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I want to see the project to start as soon as possible Cool

tobeaj2mer01

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Angel investor.

Quote from: crypti on July 07, 2014, 06:20:40 AM

Quote from: YNWA2806 on July 07, 2014, 05:17:20 AM

As a "non-troll" I have to agree that 10% cap is worthless.......

2-4% would be much efficient and based on the interest here should still allow a BIG investment

Maybe it's real big, i will discuss with team. Numbers it's not my responsibility.

I think cap for per user is useless, if a guy want to invest more, he can use some sock poppet.

crypti

hero member

Activity: 511

Merit: 500

Boris, Crypti Lead Developer, Lisk Advisor

Please, vote for official ticker:
https://bitcointalksearch.org/topic/vote-official-ticker-of-crypti-679779

Now leader is CRYPTI.

Vote will be closed 9th July.

crypti

hero member

Activity: 511

Merit: 500

Boris, Crypti Lead Developer, Lisk Advisor

Quote from: YNWA2806 on July 07, 2014, 05:17:20 AM

As a "non-troll" I have to agree that 10% cap is worthless.......

2-4% would be much efficient and based on the interest here should still allow a BIG investment

Maybe it's real big, i will discuss with team. Numbers it's not my responsibility.

YNWA2806

sr. member

Activity: 398

Merit: 250

As a "non-troll" I have to agree that 10% cap is worthless.......

2-4% would be much efficient and based on the interest here should still allow a BIG investment

amanai99

newbie

Activity: 16

Merit: 0

Quote from: Momimaus on July 07, 2014, 03:57:34 AM

Quote from: crypti on July 07, 2014, 01:54:39 AM

Quote from: Momimaus on July 06, 2014, 04:57:31 PM

Quote from: crypti on July 06, 2014, 03:20:28 PM

Hi all,

News

OP post updated, a lot of news there. Vesting, news of IPO and Dgex.
For more info - read please.

Ticker vote

Vote of our ticker:
https://bitcointalksearch.org/topic/vote-official-ticker-of-crypti-679779

We need your help! Let's choose it together!

Wallet/Development

We fixed bugs in wallet, it's already deployed, thanks community for responses and found issues. We continue work.

On the end of this week we will launch PoS for invited people.
If you want to be invited, please, send me your test (TEST, not your real) secretphrase, we will install node for you. Limit for first time: 30 peoples, then we will invite more.

So there is no cap on maximum investment, and no max per user?

So we have the next Swarm and maidsafe. No ROI for early investors, only huge risks. But we can dump them for 50% after launch.
OMG the next hated project. How can you do that?

Cap per user added in OP post.

Jesus 10% per user is a joke. One of them can dump the price to exactly 0.

Oh God....Another "always unsatisfied" annoying troll.....How many of you guys are here? Or may be you are group of trolls who get paid by someone?

gvans

sr. member

Activity: 281

Merit: 250

Quote from: Momimaus on July 07, 2014, 03:57:34 AM

Jesus 10% per user is a joke. One of them can dump the price to exactly 0.

10% seems really high. See, if around 2 or 3% is considered usually maximum healthy premine on altcoins, why should buy-inn be any bigger?

crypti

hero member

Activity: 511

Merit: 500

Boris, Crypti Lead Developer, Lisk Advisor

Quote from: mobing on July 07, 2014, 04:21:18 AM

Dev, you should give inverstor the other way to join the pre-sale, especailly for the guys who have no dgex account..

We have way. Maximint is our escrow, we will provide btc address.

tobeaj2meraa

full member

Activity: 125

Merit: 100

Quote from: mobing on July 07, 2014, 04:21:18 AM

Dev, you should give inverstor the other way to join the pre-sale, especailly for the guys who have no dgex account..

Man, you should read this thread carefully, don't ask these stupid questions again and again, it waste the DEV's time.

mobing

member

Activity: 70

Merit: 10

Dev, you should give inverstor the other way to join the pre-sale, especailly for the guys who have no dgex account..

Momimaus

hero member

Activity: 767

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Never back down !!!

Quote from: crypti on July 07, 2014, 01:54:39 AM

Quote from: Momimaus on July 06, 2014, 04:57:31 PM

Quote from: crypti on July 06, 2014, 03:20:28 PM

Hi all,

News

OP post updated, a lot of news there. Vesting, news of IPO and Dgex.
For more info - read please.

Ticker vote

Vote of our ticker:
https://bitcointalksearch.org/topic/vote-official-ticker-of-crypti-679779

We need your help! Let's choose it together!

Wallet/Development

We fixed bugs in wallet, it's already deployed, thanks community for responses and found issues. We continue work.

On the end of this week we will launch PoS for invited people.
If you want to be invited, please, send me your test (TEST, not your real) secretphrase, we will install node for you. Limit for first time: 30 peoples, then we will invite more.

So there is no cap on maximum investment, and no max per user?

So we have the next Swarm and maidsafe. No ROI for early investors, only huge risks. But we can dump them for 50% after launch.
OMG the next hated project. How can you do that?

Cap per user added in OP post.

Jesus 10% per user is a joke. One of them can dump the price to exactly 0.

crypti

hero member

Activity: 511

Merit: 500

Boris, Crypti Lead Developer, Lisk Advisor

PoS tester group

If you want to be invited to PoS tester group, please, send me your test (not real) passphrase.

Topic: [XCR] Crypti | Dapps | Sidechains | Dapp Store | OPEN SOURCE | 100% own code | DPoS - page 571. (Read 804701 times)