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Topic: [XCR] Crypti | Dapps | Sidechains | Dapp Store | OPEN SOURCE | 100% own code | DPoS - page 606. (Read 804704 times)

hero member
Activity: 588
Merit: 500
Will Bitcoin Rise Again to $60,000?
how to be a initial investor.

More detail will be published towards the pre-sale start.

Will you be emailing out information about this to the ones that signed up on the website? Wouldn't want to miss out on the pre-sale if I don't happen to read the altcoin section that day.
hero member
Activity: 756
Merit: 502
BTW the idea behind this coin looks really good. We'll see if it will be a real coin or just yet another vaporware with a huge pre-sale.

This is exactly why we will start pre-sale only after a beta is available, so the potential buyers could experience Crypti and see it's a real product.
hero member
Activity: 756
Merit: 502
how to be a initial investor.

More detail will be published towards the pre-sale start.
hero member
Activity: 756
Merit: 502
Will the IPO coins be sold in "Shares" or will it be first in best dressed with as much BTC as you want to invest ?

There won't be a limit on amount of BTC, the issued Crypti will be distributed according to the relative amount sent by each buyer.
hero member
Activity: 756
Merit: 502
looks very good, can i believe you? Roll Eyes

Check out the full team list in the OP, there are real-life details there, including of the project lead developer.
newbie
Activity: 58
Merit: 0
this looks interesting i might try to get in on the auction,
member
Activity: 84
Merit: 10
you might want to acquire a third party audit of the code from respected members
legendary
Activity: 1512
Merit: 1000
Then why are you taking 10% more as a development fund again?

From a real world perspective, an IPO means a way to raise funds. So in most cases it turns out the promoters take a percentage share - say 15% and the rest 85% is given out. The money raised is then further used to develop the company.

Now putting things into perspective here:
15% for devs --> Agreed! for their hard work
75% as an initial distribution to get people involved + develop the coin further --> Agreed! need to further the coin
10% as development fund ---> Why is this required??? This seems unnecessary. If development team is already being paid as 15% of the coin and 75% of the distribution money.

Well, 100% is better than 90%, right Smiley?

BTW the idea behind this coin looks really good. We'll see if it will be a real coin or just yet another vaporware with a huge pre-sale.
sr. member
Activity: 290
Merit: 250
I will take some time to read the whitepager.
sr. member
Activity: 1092
Merit: 254
75% pre sale : crypti to BTC ==> creators

Please see the OP again regarding how the received BTC will be used:

Quote
Pre-sale funds usage

The raised funds will be set aside for the post-launch development of Crypti. It will be kept in a public account so all transactions could be monitored. It will cover the following:

    Ongoing R&D of new capabilities and features
    Marketing / Exposure
    Refinement of the Wallet, Website, & Exchange
    Bounties & Gifts to support the community
    Other post-launch related expansion as necessary
Then why are you taking 10% more as a development fund again?

From a real world perspective, an IPO means a way to raise funds. So in most cases it turns out the promoters take a percentage share - say 15% and the rest 85% is given out. The money raised is then further used to develop the company.

Now putting things into perspective here:
15% for devs --> Agreed! for their hard work
75% as an initial distribution to get people involved + develop the coin further --> Agreed! need to further the coin
10% as development fund ---> Why is this required??? This seems unnecessary. If development team is already being paid as 15% of the coin and 75% of the distribution money.
full member
Activity: 518
Merit: 100
sr. member
Activity: 292
Merit: 250
sr. member
Activity: 398
Merit: 250

will there be a Cap on the possible investment ?
sr. member
Activity: 261
Merit: 250
sr. member
Activity: 308
Merit: 250
member
Activity: 74
Merit: 10
I'm part of the Crypti launch team, and confirm that this new crypto technology is real and will be launched soon.
looks very good, can i believe you? Roll Eyes
newbie
Activity: 22
Merit: 0
Will the IPO coins be sold in "Shares" or will it be first in best dressed with as much BTC as you want to invest ?
hero member
Activity: 1218
Merit: 500
BintexFutures
hero member
Activity: 756
Merit: 502
Would you summarize the main goal of the project as the creation of a decentralized ebay of sorts? Do you see the project mainly focusing on a decentralized market place of goods? Or is there also a desire to move to a decentralized exchange of financial assets as well?

Thanks for your time,

This is a great question - if a custom chain can be built, that will support escrows and handle possible disputes (milti-sigs with human arbitrators?), Crypti can indeed become a viable contender to the online marke-placet space.

I'd add your post to our ideas list - keep them coming!
hero member
Activity: 756
Merit: 502
SyRenity and Grexx you're doing a great job so far.

Indeed its nobody business telling you guys what to do with your 15%, however its a common practice in any other Start-Up foundation to put a temporary "Lock" on the initial founders share in order to prevent them from selling out too quickly and stop their efforts.

have you considered implementing any such thing? it may help you gain a lot more credibility and make those 15% much more bearable.

Thanks for the kind words.

You probably mean vesting and cliff strategy used with VC funds, that said I'm not sure how this approach can be enforceable in the crypto environment, especially with pre-sale factor.

Moreover, note that while many other IPO's end up with devs taking all the BTC funds for their own use (and often disappearing afterwards), here the raised funds will be actually managed by foundation, dedicated to continuous development and improvement of Crypti. This fact justifies giving a chunk of Crypti (like a stock?) to founders and investors who took the initial risk of building the new crypto-tech, moreover that the value of this chunk will be directly related to their efforts to Crypti success.

If you look at other recent high profile pre-sales (Maidsafe, Sia, Swarm that going on right now), the amount of % kept at the founders / investors hands is actually quite reasonable.


That said we are very welcome such suggestions, and will consider every rational idea raised.
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