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Topic: [XCR] Crypti | Dapps | Sidechains | Dapp Store | OPEN SOURCE | 100% own code | DPoS - page 594. (Read 804702 times)

hero member
Activity: 518
Merit: 500
from here https://bitcointalksearch.org/topic/m.7572817 , we can see that

0 BTC = 10%
50 BTC = 9%
100 BTC = 8%
150 BTC = 7%
200 BTC = 6%
250 BTC = 5%
300 BTC = 4%
350 BTC = 3%
400 BTC = 2%
450 BTC = 1%
500 BTC = 0%

guys, do you think this coin is value 500 BTC , or more.    If the final BTC is more than 500 BTC , how can you ensure the investor profit ?

each coin should limit the IPO amount .you just take care of you coin team , but careless the investor , we must be careful .

Its a only a software , but you want too much.


As with any Crypto Currency, no one can ensure investor profit. As with any company or start-up they could always be devalued and lose their worth. That is the nature of being an investor. You take the risk of funding a company that you believe in hoping that others will see what you see and buy the product, invest in the infrastructure, and support the company. You take a risk with possibly limitless potential for up-side. That is the nature of this business. We are not asking for 500 BTC. We simply made a scale that goes from what percentage we would need if we raised 0 BTC, to what percentage would go to the development team if we were to raise 500 BTC. I cannot predict the total investments we will receive. It could be 10 BTC, it could be 900 BTC. Only time will tell. The bottom line is, if you aren't sure or you are uncomfortable, I wouldn't want you to invest now. Wait until the coin launches and watch it for a while, test out the network, and then make your investment down the road from an exchange.

A pre-sale is for those who believe in the idea and want to support it in the early stages to allow us to take it farther. It's up to you whether or not you fall into that category. I am not going to discourage or encourage anyone, it is a decision each and every person has to make for themselves. I know a lot of people have been burned here and I get the hesitance to invest in "IPO" type launches. All we can do is build the best possible product, see our vision through, and hope that others see the worth in what we accomplish.
legendary
Activity: 1310
Merit: 1000
I don´t get it. Why do you need so much money? Look at NXT IPO how much BTC (120$ price!) there was.
sr. member
Activity: 308
Merit: 250
Its a only a software , but you want too much.

wow,500 BTC,great

Again, it's only a sliding scale to ensure the development team has enough funds (either in form of Crypti or in form of BTC, or both) to fulfill it's commitment to the buyers.

Moreover, you welcome to check the recent innovative crypto pre-sales (Qora and  FIMKrypto for example) and see how much they have raised.

QORA only about 140 BTC ,
FIMKrypto claim that they receiver +500 BTC, but it seems that they dont public their BTC address , so nobody know that

#edit, Lets see what will happen about FIMKrypto , will the investor get profit or loss their money. Wink


the toal of EXO about 270 BTC , because of their dev limit the total IPO amount and limit the each IPO investment, they even refuse some people investment.

as i know , there are more and more people want to take party in IPO . So every IPO coin can get more and more coin, but the investor's ROI became lower and lower.    So i dont think that later IPO could get a high ROI. People are greedy , includes dev team.

why dont you team have a fair distrubition and limit the each investment ?

500 BTC  = 500 * 600 $ = 300,000 $, oh, it cannot paid you team salary? Both of you team are full-time do this coin ?


#edit, receive too much BTC dose not mean that  investor will get profit, everyone should think about ChanceCoin before you do that.

sr. member
Activity: 370
Merit: 250
"100% POS" could mean two different things! Think about it.
hero member
Activity: 756
Merit: 502
Its a only a software , but you want too much.

wow,500 BTC,great

Again, it's only a sliding scale to ensure the development team has enough funds (either in form of Crypti or in form of BTC, or both) to fulfill it's commitment to the buyers.

Moreover, you welcome to check the recent innovative crypto pre-sales (Qora and  FIMKrypto for example) and see how much they have raised.
sr. member
Activity: 306
Merit: 250
from here https://bitcointalksearch.org/topic/m.7572817 , we can see that

0 BTC = 10%
50 BTC = 9%
100 BTC = 8%
150 BTC = 7%
200 BTC = 6%
250 BTC = 5%
300 BTC = 4%
350 BTC = 3%
400 BTC = 2%
450 BTC = 1%
500 BTC = 0%

guys, do you think this coin is value 500 BTC , or more.    If the final BTC is more than 500 BTC , how can you ensure the investor profit ?

each coin should limit the IPC amount .you just take care of you coin team , but careless the investor , we must be careful .

Its a only a software , but you want too much.

wow,500 BTC,great
sr. member
Activity: 308
Merit: 250
from here https://bitcointalksearch.org/topic/m.7572817 , we can see that

0 BTC = 10%
50 BTC = 9%
100 BTC = 8%
150 BTC = 7%
200 BTC = 6%
250 BTC = 5%
300 BTC = 4%
350 BTC = 3%
400 BTC = 2%
450 BTC = 1%
500 BTC = 0%

guys, do you think this coin is value 500 BTC , or more.    If the final BTC is more than 500 BTC , how can you ensure the investor profit ?

each coin should limit the IPO amount .you just take care of you coin team , but careless the investor , we must be careful .

Its a only a software , but you want too much.
hero member
Activity: 756
Merit: 502
What's the rush to launch? I'm sure everybody invested would rather know the codebase is secure and reviewed by multiple people before launch. Get it on testnet, have it reviewed, used, get the bugs out, and then launch.

This has to be decided by the investors community voting, due to the understandable wish to start trading Crypti soon.
hero member
Activity: 518
Merit: 500
The new distribution model is even more confusing. So while you are going to give incentive to people to buy in early for 30% more stake, you will release 1% with each target hit. This will dilute the incentive for people digging in first for the coin, wont it?

Relax, there is no dilution since the number of total coins will not change. It actually will benefit the investors and investors will get more coins.
Ok its a misnomer. What I wanted to ask is how the 30% incentive + 1% release will go hand in hand. Will the early investor get 30% + say 5% stake of the release coin? Or will the late adopters benefit from the stake release. Just trying to understand that.

Neo.op - Thanks for sticking around, I will try to explain it in more detail. All investments will be recorded by wallet and date/time. No crypti will be released until the main net is launched and the pre-sale is complete. Funds will reside with escrow until we launch a working main net. At that point we will know the total amount raised and know each persons contribution. At that time we will calculate each persons stake, taking into account bonus amount, based on the total crypti being released to investors. So for instance if we raise 250 BTC, 5% will be put into the investor funding making it 80% of the genesis block. All investor percentages and bonuses will be calculated from that 80%. So you are getting the same percentage of investment, but out of more coins.

Does that clear things up?
sr. member
Activity: 1092
Merit: 254
The new distribution model is even more confusing. So while you are going to give incentive to people to buy in early for 30% more stake, you will release 1% with each target hit. This will dilute the incentive for people digging in first for the coin, wont it?

Relax, there is no dilution since the number of total coins will not change. It actually will benefit the investors and investors will get more coins.
Ok its a misnomer. What I wanted to ask is how the 30% incentive + 1% release will go hand in hand. Will the early investor get 30% + say 5% stake of the release coin? Or will the late adopters benefit from the stake release. Just trying to understand that.
sr. member
Activity: 1092
Merit: 254
So even with all the talk about discussing the initial distribution nothing has changed. 4 days to go, we still are at the same distribution. I guess the signs of things to come (read the uni-direction of the coin to what devs decide). I am wondering even if the community vote will count.
Please see the update here:
https://bitcointalksearch.org/topic/m.7572817

Will be soon updated in thread Op and whitepaper.

The new distribution model is even more confusing. So while you are going to give incentive to people to buy in early for 30% more stake, you will release 1% with each target hit. This will dilute the incentive for people digging in first for the coin, wont it?

Poor dev team...  I can't believe they actually have the patience to even bother answering you people...  SERIOUSLY!   Huh
I dint see any dev reply till now, did you? Or did it get lost in expressing the outrage when using all caps and increased font size. Though really disappointed, only 11? should at least be 20, that could really sink in your "disappointment".
And frankly I dont see in anything wrong in asking for clarification, so yeah "seriously!??"
sr. member
Activity: 294
Merit: 250
Bitmark Developer
We are talking with several code auditors known to the community, and will announce once we have chosen one.

A slight correction to Gregxx post, while we striving to have the code reviewed during the pre-sale, due to rapid changes done to the code at the moment, we may start the auditing once the mainnet part finished and has been launched.

What's the rush to launch? I'm sure everybody invested would rather know the codebase is secure and reviewed by multiple people before launch. Get it on testnet, have it reviewed, used, get the bugs out, and then launch.

hero member
Activity: 763
Merit: 500
The new distribution model is even more confusing. So while you are going to give incentive to people to buy in early for 30% more stake, you will release 1% with each target hit. This will dilute the incentive for people digging in first for the coin, wont it?

Relax, there is no dilution since the number of total coins will not change. It actually will benefit the investors and investors will get more coins.
sr. member
Activity: 1092
Merit: 254
So even with all the talk about discussing the initial distribution nothing has changed. 4 days to go, we still are at the same distribution. I guess the signs of things to come (read the uni-direction of the coin to what devs decide). I am wondering even if the community vote will count.

Please see the update here:
https://bitcointalksearch.org/topic/m.7572817

Will be soon updated in thread Op and whitepaper.
The new distribution model is even more confusing. So while you are going to give incentive to people to buy in early for 30% more stake, you will release 1% with each target hit. This will dilute the incentive for people digging in first for the coin, wont it?
hero member
Activity: 840
Merit: 500
Risk taker & Black Swan farmer.

E.g. 30 June IPO & beta launch --->  30 July IPO end & Main Net launch ---> ?

Is the second step correct? Also, do you have any exchange, merchants or services planned for immediately after the launch of the main net?

We will do our best to reach this 2nd milestone, that said it pending testing.
In any case, the funds will be at Escrow hands until the mainnet is launched.

We are working to have an exchange ready close to mainnet launch, and also in contacts with potential merchants.

Thanks for the info and best of luck with the project.
hero member
Activity: 756
Merit: 502
I am still concerned that it could be a centralized client - server model as it is closed source. They need to do a third party audit of the code to gain my and other potential investors trust.

We are talking with several code auditors known to the community, and will announce once we have chosen one.

A slight correction to Gregxx post, while we striving to have the code reviewed during the pre-sale, due to rapid changes done to the code at the moment, we may start the auditing once the mainnet part finished and has been launched.
hero member
Activity: 756
Merit: 502
So even with all the talk about discussing the initial distribution nothing has changed. 4 days to go, we still are at the same distribution. I guess the signs of things to come (read the uni-direction of the coin to what devs decide). I am wondering even if the community vote will count.

Please see the update here:
https://bitcointalksearch.org/topic/m.7572817

Will be soon updated in thread Op and whitepaper.
hero member
Activity: 756
Merit: 502
i am suspicious because:

1) they ask for money way up front, prior to proven development

2) the dev, "crtpti", is a newby log on. Likely a new posting ID from someone who launched other schemes here.  See STACKcoin.  Also, see CryptoMeth, where the dev has been AWOL ever since a huge dump of coins immediately after listing on MintPal.

3) They profess to be able to get merchants to use their coin... but BTC already has that market in development.  The merchant market is still very small, and will be for at least 2 more years.  Merchants have no need to accept BTC, since credit cards, debit cards, Paypal and cash work so well.  Merchants dont have time to convert cryptocoins to cash.  Until it is as easy and idiotproof to transact in BTC as it is in Credit Cards, merchants will not use any cryptocoin.  

4) transactions have to be confirmed, by miners.   With half of the coins premined, there is little incentive for miners to mine.  Unless there are miners, there are no confirms and no transactions completed.  This is the problem with Quark.  All coins have been mined, so transactions have to be confirmed by those willing to use their rig for a few Quarktoshi per confirmation.

1) Beta will up together with the pre-sale start.

2) Most of the team members have revealed their details, feel free to Google for Boris Povod.

3) We aware of these challenges (some of team members have extensive merchant experience of multi-MM sales), and we plan to introduce attractive solutions to merchants, giving them incentive to try Crypti.

4) There will be 15% allocated to developers, plus 10% based on amount of received BTC, which is quite far from "half premined" Crypti.
hero member
Activity: 756
Merit: 502
i know maxmint and he is definitely reliable!!

then please cite three examples of coins that maxmint has served as escrow for?

MSC, NXT, PTS, mining equipment and the list goes on - just check his trust rating:
https://bitcointalksearch.org/user/maxmint-36677
sr. member
Activity: 249
Merit: 250
Grexx - thanks, yes It would be nice to know more details. I was just curious how "proof of transaction" scheme might work.  Transactions don't involve significant sacrifices so I wondered how you solved "nothing at stake" problem.  I like new ideas and innovative coins. I wish you success.
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