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so, all 50% in current phase and next phase was calculated from 70% divided 2, is that you mean ?
then what for with the other 30% as you said its escorwed mr. Simon-er ?
by the way who are you mr. Simon-er ? you knew a lot about this project, did you a part from the team of this project ?
thanks

XSL Labs + Eyelights

XSL Labs is currently working with Eyelights on a technology that will integrate the SDI into its facial recognition & access control device, to ensure the protection of its users' identity data.

Stay tuned!

https://thermovsn.com/

https://twitter.com/XSL_Labs/status/1324777366296633347

The bounty program of XSL Labs is now launched ! :)
50 000 000 SYL tokens allocated to the bounty :


https://bitcointalk.org/index.php?topic=5286866.new#new

First of all why the Ann thread is self moderated? I take it you are not ready to entertain some criticism that will be coming your way regarding the xsl Labs project otherwise I don't see the point for self moderation since only questions will most likely be ask here,
And as for the concept, I do like the idea of have a decentralized project protecting the privacy of our date, although still trying to understand how this will work on a general basis or just limited to the xsl Labs ecosystem.

Don't worry, the self moderated option is only open in case of extreme trolling/ bad faith fud that can happen on forums as we all know.
 You can totally bring up a relevant and constructive criticism and be skeptic explaining why and we will provide you answers and clarity on any doubts you may have.
To understand more about the project, don't hesitate to watch the overview video in the first post and if you have any question, let me know, I will forward them to the team :)

Don't miss to join this project but I will try to find out the progress of this project or read the white paper.

I'm an investisor. The escrow account should be used to feed the SYL ecosystem. You can find all information’s in the white paper. The obligation to create a node to develop an application on the ecosystem imposes a natural decentralization that’s can’t found in other projects or similars projects. Today, investors are watching the Defi, but big data is another level. That's will be going to be the center of interest for the entire decade.

Good, it's important to do your own research, don't hesitate to check the main video in the first post, it does a good job at giving a simple explanation to introduce you to XSL Labs

I see that the bounty campaign will run for 6 months, will the distribution be done completely after the bounty is over? if that's true then of course it's a very long time, for the bounty location it looks quite big and fair it's just the duration that takes half a year

It will take 6 months and the distribution will be done after the end of the token sale

From what I gathered from your WP, you basically offered a platform where people can store their data, then use the platform to login, perform KYC/AML, and the likes of it?

We propose several distinct things that can be used synergistically.
 
An interoperable decentralized identifier that works within our ecosystem but that can be used on other systems because of its generic syntax (w3c standard). This DID can (not necessarily) be verified by KYC and thus ensure the authenticity of the users' identity if they wish to share information about themselves, this will be particularly useful in dating or social platforms and more...

A decentralized app platform automated by Smart Contract using our DID to ensure the protection of user data. This app store will bypass Google and Apple.

A modular decentralized app (ONE) on which any exterior actor will be able to build an extension of its current service while benefiting from our decentralized identifier.

The whole will work in synergy.

I'd like to highlight DID for KYC first. Is there any plan (and how will it be implemented) to integrate this feature with crypto projects in general? I'm talking about mandatory ICO, exchanges' withdrawal, and things alike. Can we integrate your platform to another platform although they have no record of partnership with you?

For instance, let's say I'm on ABC exchange and I'm required to do KYC. However, I'm reluctant to share my ID to ABC, given it is a new and questionable exchange. And it is known that ABC has no prior partnership with you. Is it possible that (perhaps in the future, with your platform so much advanced and developed) we just upload a certification from you on ABC's selfie or gov ID field to bypass the KYC? In other words, instead of giving our ID details to ABC, we just share a certification from you (or perhaps a link) and ABC will acknowledge it as a legal verification

The main objective is to have a DID that is interoperable with various systems even if they are not from our ecosystem directly.
If a service provider wishes to use our DID without having a dApp in our ecosystem, they will be able to do so, but they will simply not be referenced on our platform and will not benefit from our visibility and grants.
The platform will also be an automated hub allowing the creation of a multitude of services using the DID.  There will be collective participation in the development of various use cases and dApps.
Let's take the example of an exchange that doesn't want to make a KYC of their customer, this exchange could very well require a DID badged KYC to access there services, in which case you could (with your DID) have access to it.
One possibility would be (in case of massive use of our technology) that you don't need to pass a KYC on several platforms but only once at the moment of the creation of the DID, and then use it on various platforms. From a legal point of view, a lot of things still need to be put in place to make sure that this will work everywhere, but this is under discussion with several actors.

Concerning ONE, it will be a user-friendly tool allowing the « centralization » of the different services you use with your SDI (in case they have developed an extension). ONE will also allow you to set up your DID and manage who has the right or not to access your personal informations, this include entities which are not part of the SYL ecosystem.


For more informations, I advise you to read the comprehensive WP

Thank's, I have my own way of seeing that this project is worthy of being defended or fought for in the future. I hope this project is one of my hopes. ;)

Thank you for the kind words :)

many good projects but the planning of the team is wrong so many fail too hopefully we hope the team from XSL Labs does not take the wrong steps and becomes one of the projects that we all rely on

We are taking all the necessary time and cautious steps to make sure we are on the right track and do everything by the book :)

The KYC one-stop-platform kinda entice me, I personally think it'll be a huge help to support fintech, both the decentralized and centralized ones. With so many fintech platform requiring KYC, I myself felt overwhelmed and cautious on which platform I've given my ID to. If we can do the KYC in just one place and it works universally to other platforms... it can be huge

It's definitely better to have your ID papers on one platform instead of having it all over the internet, it makes your personal and sensitive infos more secure. This is the kind of thing people want nowadays. Plus it saves you a lot of time.

XSL Labs will change things in a way that will make every person more comfortable with the using their data online, which will also help to make all this crypto world more friendly for the beginners.

 This is the kind of key projects to achieve mass adoption.

The implementation of an encrypted and decentralized system for storing identity data, using blockchains in particular, must precede any implementation of facial recognition technologies.

 Learn more: https://xsl-labs.org/blog/facial-recognition-abuses/

https://i.imgur.com/agg5sQp.jpg

What was the price of the XSL lab token at the last time of sale? I assume that there will be several rounds. Since the bounty program will be running 6 months maximum, I hope the reward will be worth of it because it will be like long journey.

This is kinda interesting, I don't think there will be any other rounds. If you read and compare info on their ann and website, you'll learn that they'll only issue a maximum of 10,000,000,000 (ten billion) token, divided 30% for development and 70% available for distribution.

It means there will be 7,000,000,000 available at most to be owned. From this number, we know 3,000,000,000 were allocated for phase 1 at 0.0002 and 3,000,000,000 were for phase 2 at 0.0003. We also know 500,000,000 were allocated for bounty. That leaves us with another 500,000,000 unallocated.

Dev, were this amount spent on presale or they simply just for reservoir and were not meant to be used (thus, were not minted, given the 10billion max supply were the most will ever be minted, which imply there is a possible case that amount were never reached)?

I'm sorry, I think there is a slight error. When I see in their bounty thread the token allocation for bounty is only 50 000 000, not like you say. Did you mean phase 2 is at 0.0003 usd? then for 6 month campaign I think it's little small, yeah just my 2 cent.
https://i.postimg.cc/pdK9stWg/Untitledasg.jpg

My bad, I remembered the zeroes wrongly when I switched tab. Nonetheless, the question still remains. Dev, were the rest of tokens unsold (from both sale stages) as well as the other 1 billion minus bounty allocation simply will be not-minted or will it still be generated and allocated for other things?

And, Fujiati, no, stage 2 is at 0.003, my bad, another zero mistakes. God, something wrong happened with me this morning.

It is 50 000 000 allocated for the bounty indeed



There was a private sale (presale) to launch the project, to support the Cyber Security Team and for marketing purposes. The current phase is the first public sale phase and the token is $0.002, in the next phase it will be $0.003, and then it will be fover.



A maximum of 10 billion SYLs will be issued if the ICO is 100% complete. In this case, 30% of the offer (3 billion SYLs) will be sequestered and will be used to create the SDIs of the various users and to help the development of certain services (if they require SYL). This 30% will feed the ecosystem.
If the 10 billion is not sold then the 30% ratio remains but will apply to what will have been sold.
For example:
If 6 billion SYLs are sold then only 1.8 billion will be sequestered for the ecosystem.

I don't think I'm quite understand your tokenomic now. How much was the amount prepared and sold during presale?

And then for the 30% ratio issue, I thought there will be only 10B token ever created for this project? If you'll issue 30% token from the amount sold on ICO (I assume this means presale+phase1+phase2), and ICO has 10B allocation, doesn't that mean there will be 13B token? Unless the 30% were taken and cut directly from the amount bought by ICO participant

If there are less than 10 billion SYL sold before the end of the ICO then the remaining unsold SYL will not be issued. This means a maximum of 10 billion SYL.

And probably less than that depending on the ICO.

1 billion for the presale

3 billion current phase

3 billion next phase

the rest for the development

But the part for the development will be a ratio of 30% of the offer sold + the remaining during the ICO, so there will be a maximum of 3 billion SYLs for the development.

If during the ICO only 50% is sold then the development will have 50% of 3 billion SYL

Hold on a second, were you saying there will be a third phase? If your aim was to get 10b (where if there were less than 10b sold, then the unsold token will not be issued), and so far your sales were: 1b (presale) + 3b (1st ico) + 3b (2nd ico), so there'll be 3rd ico with 3b? What'll be the rate?

Edit: recalled there is a tokenomic detail on WO and found the explanation regarding this matter. Will explain on below post to avoid confusion

So, my confusion happened because BM said there will be 10b sold, while the stages shows only 7b sold. A simple misunderstanding from BM because there will be only 7b sold, divided into three token sale: presale with 1b, first phase ICO with 3b at 0.002, and second phase ICO with 3b at 0.003.

In total, there will be a maximum 7b sold (not 10b), which if all of them were fully sold, dev will generate 3b for development purpose, which will brings us to 10b maximum supply. We can say that if this project managed to sell their entire ICO allocation, DEV will generate small extra funds for development purpose. Otherwise, if the 7b is not sold (again, 7b, which the sum of pre+ico1+ico2, not 10b), they'll only generate 30% from the total amount sold.

If I may borrow CM's explanation, if 6 billion SYLs are sold then only 1.8 billion will be sequestered for the ecosystem.

https://i.ibb.co/yf2tNd0/IMG-20201120-124756.jpg (https://ibb.co/f1JfXqM)

Hello, to answer you myself, I think these infos are on the website. ( I forwarded you the team words for the rest so the infos come from the source)

Moving on from topic about token sale as it was cleared, now I'd like to know more about token allocation. Let's assume dev managed to sell all token during sale phases and got 3b development budget.

1. Just to be sure, bounty and other marketing activities will be paid from this allocation?

2. Dev said these funds will be escrowed. Do dev mean the fund were locked for certain duration and gradually released by the escrow, or was it simply means dev will put the funds on a third party wallet and they can ask for whatever amount they want, whenever they want?

Bounty is a fixed percentage on the total supply including in the marketing activities category. I think there is a detailed plan on how much is gonna be spent on the marketing on the website.

The purpose of an escrow is to make sure the deal is respected so they would only retrieve from the escrow vesting what they are allowed by the allocation plan made public.

To be sure, the amount is a gradual release, at specific number already allocated and made public? A good decision to use escrow, if I may share my opinion. It'll greatly boost confidence of the project against rugpull. I assume the escrow will use a dedicated wallet that the cash flow can also be monitored by public?

From the team :

All transactions that take place in the escrow account will be made public. There will be a monthly release as explained in the White Paper and a new escrow of the undistributed few days after the release. These SYLs will be largely used for the creation of "SDIs" of new users to reduce the costs associated with the execution of this process. To conclude, NO transactions will be made hidden from public view.

BTC just broke ATH !

Good things are coming for altcoins !

Articles and Youtube Campaign are now open to other languages than english !

i just saw this project and i am interested to learn it but what i confuse is, what if later i have questions to the team? because I see you don't have a group to start a conversation with investors. If you have a group to discuss please give me link

Hello, there is no telegram group but there is a discord group if you use discord

why only rely on discord? you know that the majority of people use telegram as the best way of communication, btw can you please give me the discord link channel because i have searched but couldn't find it

And i wonder why the discord channel link is not included in  the signature code for easy access, i still believe it would have been more convenient if there was an official telegram group chat for this project, really it will more confidence to investors to have an interaction to team members, project looks standard and a unique concept but there is very little hype surrounding it, if you intend to achieve your goal to raise funds it will be good to have a bit of hype to attract investors.

It doesn't sound like a transparent project to me, if only investors can join the circle of communication I don't think that's a good thing, blockchain is all about decentralisation and freedom,  anyways, people can make decision about their project and also their investment.

Where did you hear that from? I think if there is a discord, it will only be for team discussion and not for investors. If indeed it is for investors, there should be many who can join.

Only this time I heard something like that. It could be the fake XSL Labs group, just becareful, since I couldn't find this project discord channel or invitation. All social media they have is twitter, telegram and facebook. If there's a discord channel, I'm sure they will also post it on this thread and on the website.

scroll up and read this

They have discord channel but they don't want to publish, I don't know the reason why. while the OP also did not answer some questions about discord link

Scroll up and read my comment, there could be a discord group but it is just for team discussion not for investor therefore the group is closed

So why don't they give investors a discussion? as an investor of course also have the right to issue an opinion or ask something they want to ask, looks like very strange project ???

Have you never visited a website? They have provided Facebook, Twitter, and email to be contacted. If you think that's not enough, ask the OP for the team to add another, because only the OP can talk to the developer.

Yes I saw the social media that you mentioned on the website but if we contact through it it will be quite slow to get answers, most people want to get answers quickly, I think you too

It would have been nice to have that telegram or discord group link as a means of communication between investors, potential investors and management but in the absence of that, the OP has excellently answered many questions already. once he is capable of answering let us keep our questions coming here whiles we wait for a telegram or discord group link.

You're right we need a quick answer, but We can't do anything about it, because the developer doesn't intend to create a telegram discussion group

It's not me who can't access the group, but indeed there is no telegram discussion group, they only provide email for us to ask questions.

I found information on the official website of XSL Labs about some of the links you are looking for, the telegram group is only an announcement channel, not a discussion group, while Discord is only for XSL Labs members.

Here is the list of official XSL Labs accounts and information :

Website : https://www.xsl-labs.io
Communication site : https://www.xsl-labs.org
Support: contact@xsl-labs.io
Twitter: https://twitter.com/XSL_Labs
Discord: Access reserved only to XSL Labs members.
Facebook: https://www.facebook.com/XSL.Labs/
Telegram: https://t.me/xsl_labs_official

* https://www.xsl-labs.io/en/official-links

Good project will have telegram group after ICO now, its not like 2017-2018. Look at another project telegram. New bounty uunter askin on telegram channel. Yelling and screaming about airdrop while many people put moneybon project and stay quite.

Better to have telegram group after ICO done.

Look at MYID telegram group. There is bounty telegram group but many people still asking when airdrop and when bounty end. 2 telegram group does not eliminate those noobs asking about airdrop. Airdrop is good method to create comynity but its life two sided knife if you can not managed it.

As long as project legit i will support them.

Btw, how many people here knows that there is Grants program for this project ? Maybe less then 10 people. Because many people did not visit the website.

Now developer can submit their idea and apply for grants to this project.

Visit here :
https://www.xsl-labs.org/ecosystem/

It seems like you are believing in this project but is not it better if the developer can also interact with the members or people who interested to participate in the crowdsale? The communication is actually needed.

It's sad but true those noobs didn't know how to use the search toolbar on their telegram app.
The idea looks good but I wanna also able to communicate with the team to talk about their project.

Everyone and investors will 1000% agree with these words

Try to send them an email, such as a suggestion from one of the people, maybe the team will answer your question quickly, if they take too long to respond, it means they have no intention of seeking investors

https://t.me/xsl_labs_official. Here try to join on their telegram channel and communicate with the team and developers.

I don't think so. XSL team and devs has so much activities and events lined up for their project, maybe they are focusing more in other aspects of their project rather than accomodating some questions here in forum.

No way, they should have some times for handle some question, project development and event is indeed very useful to growth up the project, but how could a project ignore its supporters? Maybe not in this forum, but in the telegram group they should be reachable.

Let see if the devs and project team has some redemies with regards to this issue. The concept of the project will become useless if no one will support and invest to it.

This project team is not only one person, but consists of several people with their respective duties, they have a community manager who is responsible for responding to any questions from the community. If they don't respond to every question here, then why are they making an announcement here.

Hello, to clarify, the last word was that the team plans to make the discord public ( to other than investors) somewhere in January

Until then, you can talk about the project there. I will answer to any questions

This is good news, with the existence of a group that can increase the confidence of investors to invest in this project

Hmmm... For me, this is not good news.
This is something they should have done in the first place.
But I agree with you that having a Tele group or Discord can increase investor confidence in the team and project because Tele group or Discord is an effective medium to explain directly to the community about the benefits of their project.

The translation of XSL Labs announcement in Greek, is live in the link below

https://bitcointalk.org/index.php?topic=5310483

It's not ideal but you can always come discuss of the project here or on my telegral linked in the bounty thread. I'm in direct contact with the team to answer any questions and be their link to the community.



Thank you

DID : Your data and digital identities are finally secured !


1 - https://www.xsl-labs.org/blog/what-is-a-did/

2 - https://www.xsl-labs.org/blog/what-is-a-did-2/

3 - https://www.xsl-labs.org/blog/what-is-a-did-3/

Learn in this 3 sections article about the DID concept and how it's meant to become a vital need in the fight against data theft and mass surveillance

I am still waiting for this team plan, did they stop publishing discord? because until now I have not been able to find a link for it or you forget to publish it here

I think the team forgot about that promise, I hope they have a good reason for that. Don't worry, I see Aerys2 can make a direct contact with the team, he will convey this. I also don't think he will forget to post updates in this thread, whereas he does frequently to make this thread active.

Why do people always ask for discord / telegram groups, even though we can all ask questions here and there is a BM who actively answers. If you want to ask something that may not be answered by BM, we can send an email that the developer has provided on the web.

It is not available publicly at the moment, I will let you know when it does. They let me know they are gonna wait a bit more before making it public.

Meanwhile please speak about the project here, I will forward any question to the team :)

It's not a guarantee that if he creates a discord / telegram group it will get questions answered faster, because there are also many projects that have discussion groups but the content is just rubbish.

That's right, you can also see that the project's campaign manager is very active to answer all your questions if you feel there are any doubts. You can see the conversation above.

You are wrong bro, telegram and discord are the fastest ways to get answers directly from the team, those who have a lot of rubbish discussions because they don't separate the bounty hunter and the investor

You're wrong bro, discussion groups like that are usually run by paid community managers, not from the core team. The core team rarely responds to messages in discussion groups unless there are events such as AMA.

What is the status of the token sale?
Are there any tokens sold? Are almost all tokens sold?

This is not a good sign , this absolute silence and lack of communication.

[/size]

Wohooo...That will be very painful ;D

Looks like the team doesn't want to be out of trend, The project can move on the other blockchain along the way, So it is a short-term project :-X

That's true, most of the times the teams are working too hard and dont have the time to answer directly to every question to they delegate that to community managers who will centralize all the questions

Great update , hopefully we will see more information regarding the sale statistics how many of these coins were sold . A bit sad that we will have to wait at least one month till listing  and most importantly listing where - on which exchanges..

so how much was the fund raised during the last ICO. did they reach the target they wanted?
because there is no information on their site

I think that it's not even getting published. As far as i can see there's no way to communicate with the team. I have some questions that wanna be asked to the team but i don't have chance to talk with them.
The team was regularly updating the news on the official announcement but the result for the ico is not yet announced.
It looks like we should wait even longer.

I hope the team can provide more information because the public has high hopes for the acquisition and the results of the ongoing ICO

Any info about the team?

All the information you are looking for about this project can be found on their website, WP, Token, Tokenomic, and team.
Their web is functioning properly and can be accessed by the public
https://www.xsl-labs.io/en/team

For questions, you can always address them to us and we will forward them.
 
For the raised amount, we should get the infos soon the team told me. The first exchange, probit, has already been announced