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Topic: [XCR] Crypti | Dapps | Sidechains | Dapp Store | OPEN SOURCE | 100% own code | DPoS - page 575. (Read 804701 times)

hero member
Activity: 700
Merit: 500
Member of the Crypti Foundation Board of Directors

kind of missing all the trolls that were here.....seems like the Dev's shut them up...i'll bet Megaman and Lithoshi both will invest couple of BTC.
well done guys it's just looking better and better !! cant wait till the 7th!ßß

No, I wont invest.  Like I posted earlier, its like watching your neighbor return home from work early while the wife is banging the gardener.  You know what the ending will be, but you cant help watching.
So I guess you should leave this forum, and hurry up back to your wife....

Failed flame from someone that slept with his mother too long.
newbie
Activity: 16
Merit: 0

kind of missing all the trolls that were here.....seems like the Dev's shut them up...i'll bet Megaman and Lithoshi both will invest couple of BTC.
well done guys it's just looking better and better !! cant wait till the 7th!ßß

No, I wont invest.  Like I posted earlier, its like watching your neighbor return home from work early while the wife is banging the gardener.  You know what the ending will be, but you cant help watching.
So I guess you should leave this forum, and hurry up back to your wife....
hero member
Activity: 518
Merit: 500
When after the ipo, I think you should open your account, let us work together to supervise, each big spending should explain to the public, I think it's a good note
If they don't, how can we do?

Creating the charter and rules for how the Foundation will function, how it's board will be created, and what exactly will be required as far as votes go in order to release developer funds for a project is a very in depth, time consuming, and tricky policy to set. The details of the Foundation are continually being discussed and I assure you it will consist of both the development team of Crypti as well as community members. We want to ensure that the community is as much a part of deciding where development funds will be allocated as we are. The wallet addresses will all be open and no money will be dedicated to a project without community support and input.

There are several options we can use to determine how funds will be allocated. One such method is by community voting wherein we require a certain level of community support in order for a project to secure funding from the development team. So in essence, the community will be developing and presenting a project, we will post the project up for a vote (sort of like a kickstarter but instead of the community pledging funds they will pledge support) and then if a goal is met, we will provide a relevant amount of funding to help the project get off the ground. In essence a community driven bounty system. I am really pushing to develop a system like this and think that I have a solution that would be fairly easy to implement and wouldn't take too long to get off the ground after launch.

These are the types of ways in which the money raised in the pre-sale will be used for development. While some may be awarded to the development team based on the stretch goals set out to continue development of the wallet and features, etc (we need additional programmers or new skills). A large portion of the funds you will be investing in the pre-sale will go back into the hands of community projects. If the community believes a project is worthwhile and should be developed and we agree that it will help push Crypti forward, we will provide bounties to those projects. It's almost like a reverse bounty in essence. Instead of us saying we want this made, the community will propose projects and with enough support, secure funding for development. In this way, we aren't limiting the ideas or features to just what the development team can come up with, but rather opening it up to all ideas from anyone who knows about Crypti. I think this will help continue to innovate and push Crypti to the top. This is why we don't want to cap investments. NXT and Bitcoin are so successful because of all of the community support and development. We feel like if we have the funding, we can develop these things more quickly and efficiently than if it was just our team, and push Crypti to the head of the pack much faster.

I hope that makes sense?
full member
Activity: 125
Merit: 100
@DEV, no offensive, let me say it frankly, if every potential buyers join the IPO, there will be no buyers besides dumpers when it hits exchange, all coins will stay in investor's hand, but they lost money, so please consider your investors, if no one invest in this coin, this will be a useless coin, win-win is better for everyone.
full member
Activity: 125
Merit: 100
When after the ipo, I think you should open your account, let us work together to supervise, each big spending should explain to the public, I think it's a good note
If they don't, how can we do?
sr. member
Activity: 364
Merit: 250
When after the ipo, I think you should open your account, let us work together to supervise, each big spending should explain to the public, I think it's a good note
full member
Activity: 125
Merit: 100
Some exciting news and updates (the thread OP will be updated later):

Dgex will participate the pre-sale as an escrow platform, in addition to Maxmint! Buyers will be able to either use their BTC / NXT balances (converting to BTC), or deposit and buy from the platform (with experience similar to FIMK IPO).

With this addition we hope to cater both to BTC and to NXT owners, the two crypto projects that we highly respect.


Cap per buyer of 10% will be introduced! Following community calls to ensure fairer distribution, we have decided to introduce a maximum buyer cap of 10% total funded, refunding any extra BTC received in the end of the process. Dgex will assist in this with their platform, and we are discussing possible methods with Maxmint.


Vesting for 15% + 0-10% (pending raised amounts) details are nearly agreed, we will post the exact details later with thread OP update.


With these changes, we hope the community will be even more assured in the quality of the project and the launch team joint commitment to it's success.

So I know the Dev's logic, they just want to raise money as much as possible, they lack of money, if total IPO BTC exceeds 500BTC, there is so less profit for investor but take more risk, anyway, let's wait and see, for myself, I will invest 0.5BTC at most instead of 5BTC,it's too risky.
full member
Activity: 125
Merit: 100
This thread has been read 21452 times and IPO will last a month, so when IPO starts, there will be a lot of guys join in Grin, it is good for developer but not so good for our investors.
legendary
Activity: 1647
Merit: 1012
Practising Hebrew before visiting Israel
Little announce:

In the end of week we will post new version with bug fixes, some changes.
Fees will be changed, some bugs will be fixed that we got from community.

On next week we will post version with PoS for everybody and new nodes.
Thanks.

Still no answer to my question Cryptsi:


What avatars has CRYPTSI been using on bitcointalk.org forum prior to his NEWBY "Cryptsi" avatar, obviously invented for this coin?

Without full disclosure, you guys are just another Russian Gang out to fleece the world


actually a very good question. Only thing missing is an instant answer by cryptsi.  

As i said. My name is Boris Povod. I'm node.js developer from Russia. My odesk account - https://www.odesk.com/o/profiles/users/_~0117967abb1f5d0a53/ .  My ip address: 176.212.92.57. Is enough? You can google another devs and i think you will find something info of they.

Hi Boris,

Good to know that you're an oDesker like myself. Love what you did on https://parse.com/ and https://itunes.apple.com/ru/app/doopi/id729138395?mt=8

I guess being a Javascript and Mobile App Developer pays a lot better than a Wordpress/Html/CSS Developer.

Looking forward to your IPO.
hero member
Activity: 700
Merit: 500
Member of the Crypti Foundation Board of Directors

kind of missing all the trolls that were here.....seems like the Dev's shut them up...i'll bet Megaman and Lithoshi both will invest couple of BTC.
well done guys it's just looking better and better !! cant wait till the 7th!ßß

No, I wont invest.  Like I posted earlier, its like watching your neighbor return home from work early while the wife is banging the gardener.  You know what the ending will be, but you cant help watching.
hero member
Activity: 767
Merit: 500
Never back down !!!
So will people be able to buy crypti directly with Nxt? I hope there will be not price difference as done by maidsafe for mastercoin, since this could cause some real problems.

Regarding the cap, have you considered setting a max pre-market cap/valuation so as to avoid over dilution which will not be in the best interest of your investors? As user crypti pointed out, 300-500 btc cap would constitute a good entrance and opportunity for investors, but I don't think >1000 btc will be in their best interest or advantage. With the additional escrow option for Nxt users I think there is a scenario in which >500 btc could happen. Any thoughts on that?

All our issuance is based on BTC, so unfortunately NXT owners will have to convert to BTC first.


As per max market cap, we considered it as well, however eventually reached a conclusion it's best to let the market decide. Limiting to max market cap is not fair to any potential late buyers, and alternatively trying to re-balance and refund everyone with excess funds at the end of pre-sale will be quite a difficult task with a high margin of error.

That said, Dgex quite successfully prevented high-worth NXT individual from purchasing a non-proportionally large amount of FIMK stake, and we believe same safeguards will be the solution for Crypti pre-sale.

Right, wouldn't this be an even better option though: set an IPO time of 4 weeks OR a cap of 650 -750 btc which should be displayed and updated live? This way you have a margin of 150 - 250 btc more than your minimal target, you would also cover the interest of the investor by limiting the over dilution while minimizing the need to refund people, since everything would be displayed live.

That said, I think all the incentives would be in place for people to invest in a timely manner so the number of late investors would probably be negligible to none. Late investors would also be able to purchase more crypti once it has launched since you have already an exchange planned immediately after.

This option would allow the market to freely decide the price/dilution, but it would be good to set an upper limit to make sure the investors who trust you do not get burned in the process.


They don´t want to cap it. They were asked a couple of times before. They want as much money as possible. This is maidsafe 2.0. Investors will have to wait a long time to get even.
hero member
Activity: 840
Merit: 500
Risk taker & Black Swan farmer.
So will people be able to buy crypti directly with Nxt? I hope there will be not price difference as done by maidsafe for mastercoin, since this could cause some real problems.

Regarding the cap, have you considered setting a max pre-market cap/valuation so as to avoid over dilution which will not be in the best interest of your investors? As user crypti pointed out, 300-500 btc cap would constitute a good entrance and opportunity for investors, but I don't think >1000 btc will be in their best interest or advantage. With the additional escrow option for Nxt users I think there is a scenario in which >500 btc could happen. Any thoughts on that?

All our issuance is based on BTC, so unfortunately NXT owners will have to convert to BTC first.


As per max market cap, we considered it as well, however eventually reached a conclusion it's best to let the market decide. Limiting to max market cap is not fair to any potential late buyers, and alternatively trying to re-balance and refund everyone with excess funds at the end of pre-sale will be quite a difficult task with a high margin of error.

That said, Dgex quite successfully prevented high-worth NXT individual from purchasing a non-proportionally large amount of FIMK stake, and we believe same safeguards will be the solution for Crypti pre-sale.

Right, wouldn't this be an even better option though: set an IPO time of 4 weeks OR a cap of 650 -750 btc which should be displayed and updated live? This way you have a margin of 150 - 250 btc more than your minimal target, you would also cover the interest of the investor by limiting the over dilution while minimizing the need to refund people, since everything would be displayed live.

That said, I think all the incentives would be in place for people to invest in a timely manner so the number of late investors would probably be negligible to none. Late investors would also be able to purchase more crypti once it has launched since you have already an exchange planned immediately after.

This option would allow the market to freely decide the price/dilution, but it would be good to set an upper limit to make sure the investors who trust you do not get burned in the process.
^_^
newbie
Activity: 33
Merit: 0
Some exciting news and updates (the thread OP will be updated later):

Dgex will participate the pre-sale as an escrow platform, in addition to Maxmint! Buyers will be able to either use their BTC / NXT balances (converting to BTC), or deposit and buy from the platform (with experience similar to FIMK IPO).

With this addition we hope to cater both to BTC and to NXT owners, the two crypto projects that we highly respect.


Cap per buyer of 10% will be introduced! Following community calls to ensure fairer distribution, we have decided to introduce a maximum buyer cap of 10% total funded, refunding any extra BTC received in the end of the process. Dgex will assist in this with their platform, and we are discussing possible methods with Maxmint.


Vesting for 15% + 0-10% (pending raised amounts) details are nearly agreed, we will post the exact details later with thread OP update.


With these changes, we hope the community will be even more assured in the quality of the project and the launch team joint commitment to it's success.

ROI will be the lowest in the world!!! Cool
hero member
Activity: 511
Merit: 500
Boris, Crypti Lead Developer, Lisk Advisor
when will the ipo start?

Date will be announced soon. I can notify you via PM or email (just send me message via PM).
hero member
Activity: 511
Merit: 500
Boris, Crypti Lead Developer, Lisk Advisor


 Greedy indeed . They dont accept idea, but find a good way to collect IPO , like FIMK .

 I am a little suspect that this coin is wrote from srcach 100%,does it stolen some code from others ?

Code from scratch in Node.js. Only Node coin written in Node.js too, but code didn't published yet as i know.
Main thing - custom blockchains. Read timeline and white paper. And combination of PoS, merchant addresses...
sr. member
Activity: 308
Merit: 250


 Greedy indeed . They dont accept idea, but find a good way to collect IPO , like FIMK .

 I am a little suspect that this coin is wrote from srcach 100%,does it stolen some code from others ?
member
Activity: 61
Merit: 10
legendary
Activity: 2898
Merit: 1017
So I've tried to login to my old account @ https://dgex.com and it now says "Error 7: Unacceptable characters in 'In#&96R^A9' for password. Please try again."

No reset password option..

Nice work dgex.


Are you sure you want to do the escrow @ dgex ?
full member
Activity: 286
Merit: 100
May be worth spending IPO like nem?
Then there will be less short-term investors.
And developers will leave some share, which they will be able to cash out.
legendary
Activity: 952
Merit: 1000
Stagnation is Death
Some exciting news and updates (the thread OP will be updated later):

Dgex will participate the pre-sale as an escrow platform, in addition to Maxmint! Buyers will be able to either use their BTC / NXT balances (converting to BTC), or deposit and buy from the platform (with experience similar to FIMK IPO).

With this addition we hope to cater both to BTC and to NXT owners, the two crypto projects that we highly respect.


Cap per buyer of 10% will be introduced! Following community calls to ensure fairer distribution, we have decided to introduce a maximum buyer cap of 10% total funded, refunding any extra BTC received in the end of the process. Dgex will assist in this with their platform, and we are discussing possible methods with Maxmint.


Vesting for 15% + 0-10% (pending raised amounts) details are nearly agreed, we will post the exact details later with thread OP update.


With these changes, we hope the community will be even more assured in the quality of the project and the launch team joint commitment to it's success.

Looks like the IPO will be overbought and super diluted with dgex users throwing spare btc around

The team looks like they dont have a clear goal to how much investment they will be needing, why dont we have a maximum cap? Is it like send as much as you can?
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