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Topic: [XCR] Crypti | Dapps | Sidechains | Dapp Store | OPEN SOURCE | 100% own code | DPoS - page 578. (Read 804702 times)

full member
Activity: 196
Merit: 100
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


Really? What does it matter? I mean, it's nice of you to scare away competition. At least I hope that's your goal.
It would be pretty ridiculous if you're really that bad at recocnizing a legit Project.
hero member
Activity: 700
Merit: 500
Member of the Crypti Foundation Board of Directors
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
sr. member
Activity: 282
Merit: 250
Fear only from the fear itself

Any estimations regarding IPO launch?
hero member
Activity: 511
Merit: 500
Boris, Crypti Lead Developer, Lisk Advisor
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.
sr. member
Activity: 294
Merit: 250
Ok, you want raise 2000 BTC and get 15% of all coins.

We naturally want to raise as much as possible to ensure sufficient funding for Crypti, that said the free market will decide how much the Crypti potential worth.

As per 15%, I explained already several times why this needed (investor compensation and developers commitment).
It all comes to one fact - you can live with that and know that these 15% are used to ensure a solid future for Crypti, or you can't. As simple as that.
If 15% will be used to ensure a solid future, why you need a fund with 2000 btc. I think fund with raised IPO will be used to ensure a solid future.  Huh

The BTC raised from the pre-sale will go to the future development fund. The 15% will be the earnings of the development team and will be a stake in Crypti. If we use the vesting schedule we are discussing, that 15% will be released to the developers based on certain milestones. Therefore, we would have a vested interest in the features, popularity, and community of Crypti continuing to thrive. So in essence, both portions ensure a solid future. One gives us the funds to do bounties and fund development projects to increase Cryptis feature set and exposure, the other ensures the developers stick around and stay motivated to see these projects through as if they don't, their stake they eventually receive will be worthless.

I think that was kind of the line of thinking he was trying to portray.
Why do you choose exactly 15%? Why not 20% or 10%. Can you explain this number 15%?
full member
Activity: 217
Merit: 100
For some reason I do trust in this coin and I hope the devs won't just run away with investor money without having done a single thing with the coin.

I want to believe.

That's why there's a good and reliable escrower that won't allow it.

Regarding escrow: I just talked to SyRenity and there were a couple of unclear things. I'm pretty nitpicking when it comes to escrow terms and I won't start escrowing before every little detail is known and fixed.

So the devs decided to delay the start of the IPO – which is a good idea in my eyes, as it will make things safer and clearer for investors.

full member
Activity: 168
Merit: 100
For some reason I do trust in this coin and I hope the devs won't just run away with investor money without having done a single thing with the coin.

I want to believe.
legendary
Activity: 1736
Merit: 1001
FIMK is another new stock sinking below the IPO prices since IPO price is too expensive, hope this will not happen on Crypti

wth are you talking about?
hero member
Activity: 672
Merit: 500
http://fuk.io - check it out!
i like what im seeing.

What are you seeing? I'm not seeing anything I like so I'm truly asking.

i like the idea. where it goes? i dont know. may end dead or alive.
sr. member
Activity: 462
Merit: 250
I'm gonna clean up this town
i like what im seeing.

What are you seeing? I'm not seeing anything I like so I'm truly asking.
hero member
Activity: 672
Merit: 500
http://fuk.io - check it out!
full member
Activity: 125
Merit: 100
FIMK is another new stock sinking below the IPO prices since IPO price is too expensive, hope this will not happen on Crypti
full member
Activity: 125
Merit: 100
May be this is another CHA or Safecoin. let's wait and see.
newbie
Activity: 22
Merit: 0
SyRenity,You are the two gen 2.0 developers?
hero member
Activity: 518
Merit: 500
Ok, you want raise 2000 BTC and get 15% of all coins.

We naturally want to raise as much as possible to ensure sufficient funding for Crypti, that said the free market will decide how much the Crypti potential worth.

As per 15%, I explained already several times why this needed (investor compensation and developers commitment).
It all comes to one fact - you can live with that and know that these 15% are used to ensure a solid future for Crypti, or you can't. As simple as that.
If 15% will be used to ensure a solid future, why you need a fund with 2000 btc. I think fund with raised IPO will be used to ensure a solid future.  Huh

The BTC raised from the pre-sale will go to the future development fund. The 15% will be the earnings of the development team and will be a stake in Crypti. If we use the vesting schedule we are discussing, that 15% will be released to the developers based on certain milestones. Therefore, we would have a vested interest in the features, popularity, and community of Crypti continuing to thrive. So in essence, both portions ensure a solid future. One gives us the funds to do bounties and fund development projects to increase Cryptis feature set and exposure, the other ensures the developers stick around and stay motivated to see these projects through as if they don't, their stake they eventually receive will be worthless.

I think that was kind of the line of thinking he was trying to portray.
hero member
Activity: 518
Merit: 500
Ok, you want raise 2000 BTC and get 15% of all coins.

We naturally want to raise as much as possible to ensure sufficient funding for Crypti, that said the free market will decide how much the Crypti potential worth.

As per 15%, I explained already several times why this needed (investor compensation and developers commitment).
It all comes to one fact - you can live with that and know that these 15% are used to ensure a solid future for Crypti, or you can't. As simple as that.

Right - giving these guys 15% of the coins for free before they have proven a damn thing seems real smart. At least require proof these guys have the skills required to pull it off (which I assure you they don't). Easy out.

No BTC will be distributed by the Escrow agents until we have completed the beta phase and are launching the main net and we will not launch the main net until the community and our development team believe it is ready for prime time. So there is no free reward for us and we will have proven that we can develop the product that we say we can.

The beta phase is for the community to start testing the wallet, see where we are at and what progress we are making, and also to see if it is something they want to invest in. Once that phase is complete and everyone is happy with where we are at with the client and network, then we will launch the main net. At this point the Escrow will facilitate transfers.

On top of that, we are discussing the vesting process and tying the developer funds to either a timeline based release, or a specific development goal release schedule by the escrow agent so that the community will be ensured that the development we promise will be delivered on. This isn't 100% agreed to by all members yet but the 4 who have responded so far have all voted Yes to vesting to give you an idea of where we stand. I personally have voiced my agreement to allowing my entire stake in Crypti to be vested based on specific goals or timeline, whichever we may decide on if any.

We also have some more announcements hopefully to come on some decisions to some of these matters, escrow details, as well as my personal goal to hopefully release a rough draft of the charter and bylaws for the Foundation, how it will function, and how we will distribute bounties and development funds to community projects from the developer IPO fund. I think if you stick around you will see that we are not going anywhere and have long term goals for Crypti that everyone will be excited about.
hero member
Activity: 518
Merit: 500
Set max cap 500btc and set dev percent depends on IPO. 300 BTC 10% for dev, 400 BTC 9% for dev, 500 BTC 8% for dev. What do you think? For example if you will raise 300 BTC you will get 4% for fund and 10% for devs. If 500 BTC 8% for devs and zero for fund.

I frankly don't understand, why raised funds have to be capped, if they going to be managed by foundation?
Unfortunately we can't touch the 15%, due to them being distributed (and potentially vested) among the launch team (investor and developers).

Hence the additional 10% being distributed according to raised sum.
Ok, you want raise 2000 BTC and get 15% of all coins.

We never said 2000 BTC. The community has been throwing out numbers like that. I wouldn't complain obviously if we raised 2000 BTC as that would allow us to market on a level to compete with BTC. We already set it to where we would put the other 10% back to investors if we raise 500 BTC so I think we are setting minor caps internally. I think internally the most often discussed goal for us was the 250 BTC point. If we could hit 250 BTC, I think we could accomplish some really exciting long term goals.
legendary
Activity: 1540
Merit: 1016
Ok, you want raise 2000 BTC and get 15% of all coins.

We naturally want to raise as much as possible to ensure sufficient funding for Crypti, that said the free market will decide how much the Crypti potential worth.

As per 15%, I explained already several times why this needed (investor compensation and developers commitment).
It all comes to one fact - you can live with that and know that these 15% are used to ensure a solid future for Crypti, or you can't. As simple as that.
If 15% will be used to ensure a solid future, why you need a fund with 2000 btc. I think fund with raised IPO will be used to ensure a solid future.  Huh
same. i don't understand that too.
hero member
Activity: 700
Merit: 500
Member of the Crypti Foundation Board of Directors
I still have not gotten an answer to my question:

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.
legendary
Activity: 1146
Merit: 1000
Getting a foundation set up to manage funds is a step in the right direction.
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