Bitcoin Forum

Hi,

I'll be releasing a new Tron Dapp/ICO soon, but before I release it, i'm hoping to get some feedback. Here is the whitepaper https://docs.google.com/document/d/1YVgfA6u9WGS1UgsfIirIrwbsokkBGob4R1f6uu9tX2E/edit?usp=sharing (https://docs.google.com/document/d/1YVgfA6u9WGS1UgsfIirIrwbsokkBGob4R1f6uu9tX2E/edit?usp=sharing)
To get an idea of what the website will look like, please click here https://bankroll.network/daily.html?ref=TNcoTjShgGWVVxLdXG14xkCUcHWVEnn5Di (https://bankroll.network/daily.html?ref=TNcoTjShgGWVVxLdXG14xkCUcHWVEnn5Di) Note: this is a referral link. You don't have to invest in this.Thanks in advance!

Are you what for real? Are you not following what is going on in the crypto industry to see how investors are losing serious interest in ICO projects because of scam going on, and you call this a whitepaper that doesn’t carry much detail any investors can work with or use to research if your project is real of scam.

You have not even release your project, its already discouraging seeing your whitepaper, no team, no tangible breakdown of what project is all about and the real benefit of it to the community, I can see you are a newbie and it seems you still have to learn more on how things works in this industry, work better on your product please.

Interesting ... Yes, I am for real. I've been involved in crypto since 2013 so I am aware of the losing interest in ICOs. I can assure you this is not a scam. Had you thoroughly read the whitepaper, you would have noticed some details like:

1) All transactions will be made via TronLink smart contract, which means no human interactions.
2) The contract balance can be seen on the blockchain.
3) The value in purchasing the coins means that the investors will be able to stake the coins on the website immediately for a 1% daily return or trade them on an exchange after the ICO period.
4) The algorithm will invest the same amount that is credited to the investors, with the dividends from the algorithm's investment going back to the dividend pool.
5) The dividends will accumulate immediately, and will update every second and can be withdrawn as soon the accumulation of one.
6) The investor can withdraw the investment at any time.

Yes, this my first whitepaper. I contracted a Tron Dapp developer, CodeXpert, to build my Dapp, so I guess you could say that they are my team; other than that, it's just me. Once the Dapp is up and running, everything will be automated by the algorithm.

I too, have been the victim of many scams, so I wanted to create something that has all the qualities I was looking for. Before I release the final payment to the developer and launch the product, I want to get some feedback from the community.

Thank you for taking the time to read my whitepaper and for your feedback. It was very helpful.

There were thousands of similar projects and they all led to one thing - the last investors are losing their money. All this is the Ponzi Scheme. I am categorically against this kind of smart contracts and strongly disapprove of your project. People like you kill the trust of honest people in cryptocurrencies.

Thank you for your feedback. The one thing that will differentiate my project from all the others is that you'll be able to withdraw your investment at any time almost instantly with the smart contract. No other projects that I know of has this feature. And since anyone can see the amount of funds in the contract on the blockchain, the individual can choose whether to invest or not.

Icos are becoming dead wood no thanks to multiplicity of scam projects . Would mire icos do any good only time shall tell

Agreed

Hey man. I'm always up for anything - so I gave it a read and here's what I thought.

Explain it like I'm five years old: I'm neither a mathematician or a statistician. You need to fully explain what's happening with my funds, and provide me with a working in depth example - not the basic one you gave
You need to be unique: What differentiates you from the thousands of other projects that have tried the exact same thing and failed? If your answer begins with: "the only difference" then I'm out.
Whitepaper is far too short: What sort of poverty are you trying to alleviate? Anything in particular? The world is so full of nasty shit these days, just saying "poverty" isn't going to cut it
Why aren't you on Kickstarter? If you can adequately explain to your audience how you couldn't possibly copy this project and put it on kickstarter using real-world money then you're probably onto a winner. Why is crypto integral to this project?

I could think of a few more but I think these need addressing first!

Hope that helps :)

Great feedback! I'll try my best to clarify...

1) When you deposit your funds:

1% will go to the investor's dividend pool. If you deposit 100 coins, the dividend pool will receive 1 coin.
1% will to the one who referred you to the program.
1% will go to Marketing.
and 1% will go to the developer.
You, as the investor, will receive a credited balance of 96% of the deposit and will begin accumulating dividends. In 24 hours, the total amount of the accumulated dividends will be 1% of the credited balance; 0.96 coins. If you withdraw your credited balance, the dividends will stop accumulating.

2) What makes this project unique are 2 things:
    1- the algorithm will invest the same amount that is credited to the investor and the dividends from the algorithm's investment will go back to the dividend pool
    2- you can withdraw your credited balance anytime you wish

3) I understand that the word "poverty" is very broad. My intent and overall objective is to offer an investment opportunity to people with limited financial resources. For the "averge Joe," earning an additional $10.00 to $50.00 a day, or more, will make a huge impact & increase their capacity to provide for their families.

4) Going on Kickstarter never crossed my mind. I have never used them so I am not familiar with how they work.

I hope these additional details are helpful.

Hahaha, nice one, this is how many project team behave and I don't know why people still invest in their project, the best way to do this kind of thing is to get a professional to write the whitepaper if you are not good in English, because from the look of things, you don't have funds to pay a whitepaper writer to create a professional whitepaper for you, so am just wondering where you will be able to get developers who will work on the project for you for free, because I don't think you are also ready to hire a developer who is going to work on the project.

It seems like OP just wanted to take advantage of tron platform advantage because there is very less tron based project and he just try to take advantages . We have seen this kind of greedy scammers . Whrrr is your team , what solution you are trying to solve nothing is clear.

it's hard to call it a whitepapper. There are no details about the project. If you really wanna implement the project, I advise you to describe your project in more detail from the technical side.

My opinion is that icos are becoming outdated and uninterested primarily because of the multiplicity of scam projects which has led to unprecedented loss of investment on the part of the investing public. Nonetheless I wish you luck on the move you have decided to take

Hi,
If you click on the link in my first post and not the link from the quoted post, you will see that I have made some changes to the whitepaper in order to clarify things. I subcontracted a Tron Dapp developer, CodeXpert, to build my Dapp; so I guess you could call them my team. Thank you for your feedback.

Hi, Thank you for your feedback. What technical details would you like to know?

well to be frank with you, we seen a lot of your kind of business in the market lately who have nothing to offer and going by the doc you referred to as a white paper will not fetch you anything good. So if you want to run a project first try to have a good plan

Thank you for the feedback. I agree. I'm hoping to change that with this project.

Hi, thank you for your feedback. What would you suggest?

That is why their projects end up failing them, they might be lucky enough to get a weak investor that will buy into the idea and invest their money, after getting the money, because of the lack of team or technical know-how, they end up killing such project and calling it shitcoins.

The ones that even have well organized whitepaper, team and advisers still fails, talkless of someone who lacks all. People are already wise now and some of these projects are just dead on arrival, how can I take a project that I cannot communicate with the team or read about the success of the tem.

Im not so professional at this things but i can only say if you want to make a project be sure to continue the project even if you're project is completely destroyed.

it's good for all people who have interested in crypto. I hope  you have to be  launch a  good project. I wish your project will good get achievement in advance.

Are you kidding me all that you listed as part of your white paper are all ways and means for the found raising period of the ICO and your white paper have failed to point out a number of the important aspects of a good ICO, which are what is the project aiming to achieve on the long run and the ecosystem that will back the project up after the ICO and how the project will help in solving a problem in the entire cryptocurrency industry. And a one man team how can you be able to meet up with the demands of a good ICO project.

Like all the others if you want to gain the trust of investors, you should do away public funding, instead, opt for private funding, this is not the first time we have seen similar projects like yours and they too run away with investors funds, so if you want success, don't do ICO.

let the person choose the way they will collect money to implement their ideas by himself. they can start an ICO and partially find private investors

You have chosen a very slippery road. I think you should stop before it's too late. With this project you will fail.

I plan to

Thank you

I hope not. Only time will tell.

No one will be able to run away with the investor's funds because of the smart contract.

The problems when the person can't be trusted and that will become a serious problem. We must be selective by choosing the developers. All of developers are in competitions to collect money from investors but that's not so easy to make them all to believe us.

That's why my project will be a Dapp running on smart contracts. It will be de-centralized, automated, and trustless.

The dapp/ICO is live!

 
   The Universal Crypto Investment Fund is a cryptocurrency decentralized application (Dapp.)  It was designed to provide a universal, basic income opportunity via the Universal Crypto Investment Fund (UCIF coin) that does not require a large sum of money from investors, therefore, offering the "average" working person with an attainable method to increase their financial capacity.
   
   A person who wishes to participate, may do so by first navigating to the Dapp website while using the Chrome browser with the TronLink Chrome Extension running. Next, the individual may purchase the UCIF coins during the ICO with the Tron (TRX) token in their TronLink wallet at a price of 1 TRX per UCIF coin. Then, the individual may deposit the coins unto the platform in order to stake the coins and begin earning dividends. A commission is also generated for the individual who referred the participant. When the UCIF coins are staked, the individual will begin earning UCIF dividends at a rate of 1% every 24 hours. When a stake is made, the coins will be distributed as follows:

         1% will go to the Dividend Pool
         1% will go to the Referral
         1% will go to Marketing
         1% will go to Development
         96% will go to the staked coins

The staked UCIF coins can be withdrawn at any time and the dividends can be withdrawn as soon as the accumulation of 1 UCIF. All dividend payments will come from the Dividend Pool.
   
   There will be limit of 400,000,000 UCIF coins ever created. 200,000,000 will go to the Dividend Pool, 100,000,000 will be on sale for 1 TRX each during the ICO, and 100,000,000 will be held in reserves. The ICO period will run for 90 days or until all the UCIF coins are sold. All unsold coins will go to the Dividend Pool. Concluding the ICO, the coins can be traded on a decentralized exchange.
   
   This Smart HYIP ROI Dapp essentially allows the participants to stake TRX and earn dividends and generate referral commissions without having to trade or gamble.

Dapp: ucif.io

In fact, you will fail, as the people wrote above, firstly your idea is not something new, secondly, searching for investors with the help of ICO is no longer effective, people will not buy a token as now, at every step, cheaters , you should try to recycle white paper and generally change the approach to the project.

Seeking funding for this:



Tron Auction House (TAH Coin) ICO
For the Horde!

Misson:  To provide a zero fee, decentralized, "World of Warcraft" (WoW) like  cryptocurrency auction house where TRC Token holders can exchange their tokens with other token holders. This eliminates keeping your coins on an exchange.

How it Works:  The token holders will navigate to the Tron Auction House Dapp website on the Chrome browser with the TronLink Chrome Extension installed and running. In the Dapp, the TRC Token holders can trade with other holders in a WoW style auction house for zero fees.

Purpose of ICO:  To raise funds in order to build the Auction House. After purchasing the TAH coins, the token holders can stake the tokens and start earning dividends and commissions.

TAH Coin Staking:  The coins can be staked in order to earn dividends and generate commissions. When the coins are staked, the TAH coins will be distributed as follows:

   1% to the TAH Dividend Pool
   1% to the Referral
   1% to Marketing
   1% to Development
   96% of the deposit will get credited to the investor. The investor will then begin  earning dividends at rate of 0.000000115741 TAH every second (1% every 24 hours.)

TAH Coin ICO Details:  The ICO sale will run for 90 days or until all the tokens are sold; whichever comes first. The TAH Coins will be a Tron TRC 20 token. There will be limit of 400,000,000 ever created. 100,000,000 coins will be sold for 1 TRX each. 200,000,000 will go to the TAH Dividend Pool and 100,00,000,000 TAH coins will be held in reserves.  All funds raised in TRX will go to the TAH Buyback Pool.

TAH Coin Buyback Pool:  In addition to trading TAH tokens in the auction house, the token holders can resell their coins to the TAH Buyback Pool for also 1 TRX each.  When a Buyback is initiated, the TRX will be distributed as follows:

   1% to the Buyback Pool
   1% to the Referral
   1% to Marketing
   1% to Development
The investor will receive 96% of the buyback in TRX. 100% of the TAH from the buyback will go back to the TAH Dividend Pool.

Addendum 1: The TAH credited balance can be withdrawn at anytime and the TAH dividends can be withdrawn after the accumulation of 1 TAH.

Giving the Power Back to the Token Hodlers!

https://www.kickstarter.com/projects/abad812/trx-auction-house

LOL!
Where here does it say, "You will fail" or  This project is a scam/ponzi?" https://bitcointalk.org/index.php?topic=5165863.0

Opinions are like Assholes; everybody's got one.