Topic: [XCR] Crypti | Dapps | Sidechains | Dapp Store | OPEN SOURCE | 100% own code | DPoS - page 603. (Read 804702 times)

Has been in the follow up, hope that the author try hard!

See PM.

Have you talked to Tomatocage ?

Unfortunately Anon only willing to do future escrows on top of the NXT Assets Exchange which, in our opinion, complicates matters for the casual buyer.
We want to give a simple BTC sending experience to an Escrow address, and have a ledger showing the estimated amount of Crypti that one will receive.

However we are in talks with several other Escrow providers, and looking to have one available towards the pre-sale start.

Corrected in white-paper.

Sorry I should have clarified better. When we dreamed it up in our hundreds of conversations, we meant for the fee to be charged to the merchant.

For whatever reason, when I ended up writing it up, I got it backwards and said the fee would be to the sender.

The fee should be to the merchant, not the sender. I will get let Stas know to fix it in the documentation.

Thanks for sticking around and talking all of this through with us guys, we really appreciate your comments and even criticism. It can only help us make Crypti better!

So, I'm still confused. The credit card fees are charged to the merchant not the sender.

Your white paper says 1% fee charged to the sender. Is that still the plan? What was written backwards?

NXT advertisement. Fool will go to NXT Asset Exchange.

The 1% Fee Issue

Several people have mentioned that they think the 1% transaction fee is too much.

Let me say that I think I got mixed up in writing this out. We initially intended the 1% fee to undercut paypal and credit card vendors (being the typical payment systems for e-commerce) who on average charge merchants anywhere from 2-8% fees depending on the payment method. In this scenario, we were factoring in the merchant paying the fees, but being rewarded half of it back for validating with the network and allowing the decentralized ratings and review system to apply to them.

I will take the hit on this one and say that I think I just simply wrote it up ass backwards from my head when I was writing everything up.

The transaction fee system was viewed as a means for the merchant to pay to use the Crypti network, which will be lower fees than paypal or credit card vendors, and will reward forgers for building out the network that they are using, and would reward those merchants who allow the community to rate and review them openly.

This fee is less than state taxes, federal taxes, paypal fees, ebay fees, or credit card fees and would have a large and well supported network due to the rewards for those who were running nodes. Not only that, but they could get back half of the fee, in essence only paying a 0.5% transaction fee.

The reason we chose a 1% transaction fee is because we wanted the forged block to feel like they had some weight to them. In many PoS systems, transaction fees are 1 or 2 of the currency. In those cases, whenever you manage to finally forge a block, you only receive 1 or 2 of that currency as a reward. We want the block rewards for Crypti to be more substantial. We want the currency to circulate, to put it back in the hands of the users, and continue to encourage the cycle. We see this as a huge benefit to how Crypti was designed.

Does this help make it easier for anyone? Does this make more sense? I would like to hear the thoughts of those who were commenting on this issue!!

You should offer this IPO through the NXT Asset Exchange...

It's indeed a UI prototyping in Photoshop, it is being sliced and coded into HTML/CSS these days.

It's actually a bit in reverse, the dev team will get 15% for continuation of the development.
The raised funds will be used by the foundation for additional bounties and activities.

Please see the opening post and the white-paper link in the bottom of it.

We are aware of this concern, and discussing it internally in the team to reach a solution.

Nice one much respect.
Question.. how will the ipo stakes be distributed. will it be based on investment value or will you use an investment ladder (set investment sizes) ?

Awesome news! I will ask him again.

I'd also be in if using anon as escrow. He has a reputable escrow service.

I hope do you decide to use anon as escrow. And i confirm he is offering his services again. I will be investing but only through a trustworthy escrow such as anon

It looks like Anon is restarting up his escrow service.

https://nxtforum.org/job-board/(escrow-service-offered)-anon136-escrow-back-in-business

https://nxtforum.org/general-discussion/price-speculation/msg48342/#msg48342