To provide access to as many possible investors as we can.  The majority of coins will be processed through shapeshift and converted to BTC.

Hello,

You can see all that information on the use of proceeds page.  It goes over the funding tiers and what will be provided if we hit those goals.  We are not placing a hard limit on BPL because we want the market to decide what it feels is a fair price for the token.  With this method we can provide the best possible value for our investors.  Total BTC investor supplied/ total bitcoin raised = % of coins supply to be allocated after TEC ends.  So if we raise 500 BTC and an investor put in .25 BTC they would receive 0.05% of the 20,000,000 to be dolled out.  In this example the investor would receive 10,000 BPL.

Regards,
locohammerhead

We plan on being listed on the normal sites  Bittrex, Cryptopia, Bleutrade, yobit, c-cex etc but we also want to try for the larger exchanges like Kracken and Poloniex when we have our platform and smart contracts built.

There is no cap on possible funds raised.  We are using a price discovery system in which the market decides what it wants when it comes to our TEC.

Hi mandar,

Good questions.  

Our minimum amount is 100,000.  We do plan on refunding investors of the TEC if we don't reach the minimum goal.  The ARK Team is escrow so if we don't reach the minimum 100,000 the funds will be given back to the investors.  If we reach 350,000+ we have stretch goals set in place.  You can find our advanced funding tiers here: https://blockpool.io/docs/BP_PROCEEDS_A.pdf

Question 2
Part 1
The ARK team has done a great job of stripping out the LISK smart contract code and providing a clean platform to work from.  We have two options really.  Try to implement the new LISK 1.0.0 smart contracts, which I understand could potentially be a hassle due to how they are built.  Or two build them ourselves.  I'm personally not one to reinvent the wheel if something works but I also have no problems doing so if if it doesn't.  Our plan is to try to implement the new LISK 1.0.0 Smart Contracts and test them out on our system.  If we are not happy with how they function or if implementing them does turn out to be a major hassle we will create our own side chain system.

Part 2
Over the past year and half we have been working on developing partnerships and contracts with businesses and groups.  Kevin Bacon, our Chief Business Development Officer (https://en.wikipedia.org/wiki/Kevin_Bacon_(producer)) has great ties to businesses within different sectors.  One company we are working with is called BuzzBike.  They are a London based company offering Mini Cooper inspired bikes for free.  In return those bikes have advertisements on them.  
BuzzBike has asked us to come up with a proof of concept that would allow their biking participants to also receive payment for going above and beyond.  The proof of concept is coming along nicely.  Some details on it can be seen here: https://medium.com/blockpool/blockpool-brands-poc-8f699c627607  At first it will be using the AudioCoin blockchain.  It will then be switching to a Blockpool sidechain when Smart Contracts are functioning.  The owner of Buzz Bike, Tom Hares is an avid tech enthusiast and the European Managing Director of Media Arts Lab working exclusively on Apple product campaigns for many years and is one of the BlockPool team advisors.

Question 3

Please, don't fret about asking this question.  It's an important one to know.  AudioCoin has been around since 2014.  Through that time we have seen the community grow.  We wanted to provide long time supporters and new comers to audiocoin a chance to get in on the TEC with their existing coins or at a better rate then they might be able to get with Bitcoin.  

In order to help people feel confident we have enlisted ARK to provide escrow.  At the 15% funded mark $100,000 will be released by the ARK Team so we can expedite testnet development.  Only when we produce a stable mainnet (Smart Contract functionality will come after) does the full amount get released.  

If your interested you can read up more on the Blockpool team here: https://blockpool.io/team.html
Our business plan, which goes into far more detail for question 2 and 3 can be seen here: https://blockpool.io/docs/BLOCK_BP_A.pdf
Our Whitepaper which explains the BlockPool Blockchain and Data Agnostic Platform: https://blockpool.io/docs/BLOCK_WP_A.pdf
More detail about the use of proceeds: https://blockpool.io/docs/BP_PROCEEDS_A.pdf

Regards,
locohammerhead

Hey Chachaa,

You can get ADC at yobit, cryptopia and bleutrade currently and yes we will be accepting ADC at the price of 100 sat and adjusting from there depending on if the price goes above 100 sat.  Last I checked the price was at 50-59 sat depending on exchange.  So it is still a good time to get in.

Thank you!!

Hello!

The initial coin supply is 25,000,000.  It is inflationary with rewards decreasing 5% per year until it reaches 1%.

That is correct.  Our hope is by showing our confidence in ADC you will return the favor by showing confidence in BPL tokens. We wanted to give back to ADC holders who have been with us since 2014.

Hello,

The Token Exchange Campaign works a lot in the same way as an ICO.  Tokens will be released when the mainnet goes live around July of this year.

Regards,
locohammerhead

Glad to have you on board hypershire.  I replied to your question in the ADC thread FYI.

Hello,

You can view our partners website here: https://www.buzzbike.london/.  Read up on what BuzzBike is and you will see while there may be a few crossing lines but overall the services are totally different.  Mapcoin is supposed to pay people for going to specific locations.  That's not what the BuzzBike PoC is at all.  BuzzBike provides free mini cooper inspired bikes with advertisements on them.  People get to keep the bikes by riding them around london, a very congested city.  BuzzBike approached us looking for a way they could pay their riders on the go.  This is still in the very early stages of development and a lot isn't implemented yet. We plan on making this into a mobile app so the riders can see their earnings in real time.

Regards,
locohammerhead

You can find a list of peers at presstab.pw

We want to make this fair to everybody the best we can.  So we plan on setting top 201 wallets as delegates but since we need a stable network in order to make everything function properly we will be adding in some PC and Network speed requirements in order to qualify to be a node.

Most we plan on building ourselves.  We are already working on one use case for BuzzBike https://medium.com/blockpool/blockpool-brands-poc-8f699c627607
As of right now we don't have plans to build the youtube competitor (although I personally would like to do so, or at least see someone else do it using our platform and plugins).  However if we progress with development fast enough I wouldn't toss it out as a possibility since it does fall well within our realm.
If someone wanted to partner with us to get this built we would be more than happy to enter into talks about it and to lend support where we can.

Great question!  Our focus isn't solely around the Blockchain but how best to use it.  ARK Provides a perfect clean slate to work off of since they removed the LISK smart contracts which in their current iteration are a mess.  My understanding is the newest version of smart contracts from LISK are cleaner.  Our plan is to add them back in once LISK gets them ready.  Then the real fun begins. 

Most Blockchain startups focus just on the Blockchain.  They use it as a catch-all.  Years down the road, this is going to cause problems for chains and their adoption.  Our plan is to create a Data Agnostic Platform to do all the hard work routing data from one plugin to another.  Only inputting data into the chain when permanent data retention is an absolute requirement. 

Our platform will also facilitate connections between legacy systems and their respective databases.  In many cases companies are locked into legacy software for various different reasons and while Blockchains may help them, in many cases they don't solve the problem the companies face.  They don't replace software like SalesForce but they can play a major role in that replacement.

A few use cases we have come up with for our Blockchain and Platform.

A YouTube Competitor.  Using our Blockchain and platform, we can create a decentralized youtube, which allows fans to host video files for their favorite content creators and receive payment for it. 

Art Auctions.  As of right now Art is one of the hardest items to track.  It can pass from one person to another without word ever reaching the copyright holder.  We are working with a company to fix this utilizing our Blockchain and platform.  We would connect up their auction sites, utilizing smart contracts on the chain and our decentralized file hosting plugin, we would be able to link certificates of authenticity old and new to valid purchases.  This would play a huge role in decreasing blackmarket sales.

Music hosting and streaming services.  We plan on upgrading Aurovine and Audiocoin to utilize our new platform and chain.  We will be able to move away from centralized cloud hosting and rely on the vast swath of data space that fans usually have.  Fans would receive payment for hosting audio files and music videos purchased on the Aurovine site.

Those are just a few of the use cases that we have come up with.  I'm positive there are way more that we have yet to think of as well.

Regards,
locohammerhead

Ark was a perfect clean slate to start with.  They removed the smart contracts from the LISK chain which were a total mess.  We plan on building our own smart contract system on our fork of Ark or if LISK comes out with one that is acceptable then we can look at adopting their smart contract system on our blockchain.  Until then the plan is to build our own smart contracts.  We don't really need sidechains although it would be a nice feature to have for future projects.  Our platform would be able to provide communication between different chains if needed, it would just require plugins be built for it. As BLOCKPOOL grows and different organisations adopt our platform, I'm sure we will come across that scenario.

Hello!  You will be able to buy BPL with your ADC when the investment period starts in two weeks.

Now that is just funny, given we have partnered with the ARK developers and will be sharing features with each others chains in the future.

The more people supporting the project the better!