The requirements are around delivery mainly. Here is what is sent to any potential ICO participants:
1) We will code review before initially adding the wallet.
2) Then you will transfer the premine IPO coins to us. if there are premined coins that are not part of the ICO, this must be disclosed in your ANN
3) We run the ICO at whatever price you are looking for but we'd recommend a reasonable market cap.
4) After the ICO period ends, if there are remaining coins, we will destroy them and provide you an address to post
5) We will hold your BTC in escrow for 3 days.
a) Transfer coins to verify that the block chain functions properly.
b) You must have a block explorer available.
6) If that all works, we will give you access to the ICO account and the BTC. If any of the conditions fail, we will use the ICO funds to buy back and destroy all of the coins and you will forfeit the escrow fee.
Thanks,
Richie
Have you considered somewhat more stricter requirements? Such as requiring a form of identification? Or holding funds until they are used for what the dev claims they will be used for? With strict bookkeeping. No giant lumpsum payouts. You must realize that your more recent ICOs have gone rather horribly, and that people aren't as interested in them as they used to be. Better rules, and holding ICOs less frequently, should help. You may also want to be pickier as to the coins you accept for ICOs too, just choosing the cream of the crop. The developer claimed one of the requirements was to verify his/her identity. You did not list this. Was this a lie? |
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Hi everyone,
Just as a reminder, we are providing an escrow for this coin development team. While we are listing the ICO, we are not endorsing this coin or any others on our exchange. Please use your own judgement before trading.
The escrow terms are as follows:
At the end of the ICO, all of the unsold CLD coins get destroyed.
We will verify that coins transfer properly on the block chain using the public wallet source
A public block explorer is available to verify that all coins are accounted for as stated in the ANN
If that all works, we provide the developers access to the ICO account and the BTC after a 3 day escrow period. If any of the conditions fail, we use the ICO funds to buy back and destroy all of the coins.
Richie
There has been some mention of Bittrex using updated requirements in this thread. Is there any truth to that, and if so, what are those requirements? By a lack of mention just now by you, I will assume the ICO requirements are the same as always. I will also take this opportunity to ask why isn't Bittrex using rules similar to Poloniex, which includes requiring the devs to prove their identity, and no giant lumpsum payouts with strict bookkeeping? The last several ICOs on Bittrex haven't even gotten off the ground for a reason. I am certain this is why you do not see this coin on POLONIEX. Good on poloniex. |
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That's 81% of the total coins sold so far. Why would anyone buy and then sell at a loss? I hate making assumptions.......but the only incentive would be for the dev and friends to do this. They get the money back anyways for the coins at the end of the IPO, so free coins, and by and putting it a lower price than the ICO, they pretty much double up on on the BTC in the end.....and it looks like there is more interest in the coin than there actually is.
Can anyone give a better explanation? Like I said I hate making blind assumptions, but I really see no other reason for someone committing SO much money to this ICO and bailing at a loss less than 24 hours later......
Anyways, trade with caution.
There are always some sells below ICO prices for these sorts of things on Bittrex. They really should lock trading. Usually it's people who have a change of heart, and decide to take a minor loss on whatever they spent. But that 4+ btc order is bizarre, I agree. I'm not sure the devs would be benefiting, however. Devs could buy into their own ICO to sort of pretend there is interest in it, hence hopefully spurring on others to invest. In some cases, that is the only way for devs to get their own coin. But if they then put in an order below ICO prices, they are doing the opposite, as it shows there is little interest in the coin, and people are bailing. So I don't see how they would benefit by buying in, then selling below ICO prices, unless they figure people don't pay attention to order books at all. Think about it. If the dev buys 1 BTC worth of coins, the coins go into his wallet and at the end of the ICO he gets that 1 BTC back. So he gets the coins AND the 1 BTC in the end. By selling the coins a little lower than the IPO, he gets the original 1 BTC back and whatever he sells the coins for as well and in this case it's very close to the ICO price, so in the end he gets his 1 BTC back AND the ~.98 BTC by selling the coins into his wallet, so free BTC. This is why I hate ICO's on exchanges, the dev or dev team essentially could get their own coins for free if they felt so inclined. And the coin is purchasing the coin from... itself. So the developer is making money and losing NOTHING by selling to themselves. haha so even if they get half of what they want for the ICO that is still 150,000 USD!!!!!!!!! |
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This coin is all over the markets! |
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huh? I looked at the links and don't get it? lexicon: Management links: Utopianfuture 1+1=? so im UP? lol I wish nope, just meant that after he left there has appeared an empty space... ok lol Yeah, We need Pat to take that spot full time. Hopefully NEM can afford him. But I cant see why not. We have the funds and hes worth every penny Xtester too, we need to start using these promotional funds They are really are not available till launch, but that can be the plan They are good and we need to secure them, even if the fuckers didn't send me my token yet LMAO I want them, they are good. We have them, but they should be paid for what they do. The community can help for free. I will help for free. But if we want a quality team, we hire them, and fire them if they do bad, like anything else. Not that Id think theyd get fired lol. They are rock solid. The community needs to speak up if they agree with me. We need to be making moves as a community. That's what makes NEM different!!! The community make moves, takes action. And we should be rewarding those who do the real work. Those look like solid ones to me. Build a foundation!! People act like anything that resembles a real business is the "old way" that we want to get away from That's short sighted IMO Hire some leaders, seems like a no brainer to me THERE IS A DIFFERENCE BETWEEN DECENTRALIZED
AND NO SOLID MANAGEMENT STRUCTUREI think it says in the development contract that the community is NOT in control of these funds, but that doesn't mean we can't voice our opinion about what they should be spent on. And guys, we have a boatload of money. It's not like I'm talking about wasting it!! UI agree on all points except for boatload of money. We don;t have ANY money, as this coin isn't even released yet. Curious to see where things go from here. There are two things that would change my mind on NEM, who jumps on board, and if/when the coin gets released. |
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you got it right. I think we want to promote people to have their wallets full at POSV start
I keep mining and buying RDD and my wallet IS full at POSV start http://itsalmo.st/#PoSVPersonally donīt care if prize 37 or 32 or 39 or 29. I just looked into some coins and found a handfull of coins which i think are here to stay (good devs, strong community etc) and worth buying and keeping. (some years not some weeks) Just building my small little own ALT Coin portfolio with profits from btc mining and RDD is one of the coins i invest. And the first. Congrats! RDD is going to the moon. |
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Once the crypto world learns what is going on with the Nxt tech tree and what has already happened with the decentralized trading multigateway exchange and the asset exchange, its going to flip.
Congrats on all the hard work guys. These next 6 months are going to be amazing and the people that get on the bandwagon now are going to be very happy.
Yeah I can not believe this coin hasn;t already taken off. The AE is amazing as well. I unfortunately am broke and can;t invest much more, but NXT is really the only thing here innovative, active, and real. Aaazing AMAZING work to everyone involved. |
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Have you seen a reddcoin? I don;t see how it would even be possible to mold.
Obviously it would have to be round  Well, uh, it is round-ish... |
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Would there be interest in a physical Reddcoin?
Yes! Allow Redd and PayPal purchases! I don't want to spend my Redd! Do you think I should go for 1oz silver coins, or cheaper brass coins? 1oz silver could be sold at cryoto equivalent of $90, while brass could go for $60 (not including loaded coin value) I could arrange for a limited, numbered mintage of 100 to be sold (I could take reservations, could be out in maby 7 weeks) let me know below which (if either) you might be interested in. Have you seen a reddcoin? I don;t see how it would even be possible to mold. |
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Daily Interest Update:Only 1 more day till the first dividend will be paid! Day 1: $2.12 Day 2: $8.90 Day 3: $12.54 Day 4: $14.77 Day 5: $15.28 Day 6: $15.94 Accumulated: $69.55  Details can be found here: https://docs.google.com/spreadsheets/d/1bSej427-QIqm3ls-r3pIwV8XWWEm1aul9I2ToDIzHzA/pubhtmlProjected total payout on day 7/8: $85.61 Projected payout per USDbitfnx on day 7/8: 0.0068USDbitfnx/USD (6.8 USDbitfnx per 1000 USDbitfnx) The actual payout per 1000 USDbitfinx will eventually even out at around 0.8-1% (per week) Regards SO if I own an asset, you just pay the dividend to my NXT wallet address? |
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Please don't set the pre-sale price. You should leave it decided by market!
Are you trying to cheat the developer out of 300,000 USD??? |
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You might be the most silly dev in the world. If your coin is worth a shit then you should really be looking to pull it from ScamTrix and submit it to Polo for their verification and approval, then list it there. ScamTrix right now has a reputation somewhere between a pile of dog shit and a pedophile.
Do you not read the scam threads? No one in their right minds if going to give you 0.00000001 sats for your coin if ScamTrix is pushing it. They are still butthurt from the last 5 scam coins that underwent ScamTrix's 'critical review'.
Just pull it down and wait 3 or 4 months guy, seriously.
That's what I find odd. Up until recently, we were given the impression that the coin was submitted to Bittrex and Polo, for perhaps a simultaneous ICO. Then the word was Bittrex changed their ICO rules, with the assumption that they were more stringent -- yet no updated rules were ever announced or posted. So everyone will figure the ICO is the same as every other Bittrex ICO. If the dev is on the level and has a good coin, wouldn't there be much more to gain by waiting for Poloniex? If not, you also have Bter (they just pulled off a 750 btc ICO for Crypti), or worst case, just do it through regular escrow. Choosing Bittrex now for any ICO is probably the worst choice, as you'll get lumped in with a ton of bad coins just by association. Yeah, just a another one the last day or so. ScamTrix is poison right now. No way I would list my project there. And dev I did look at your beta, but I don't see what is here for 500 BTC that I can not already do for free elsewhere. No FUD, just truth. Perhaps you can explain what I am missing for $300,000 USD? all the funds raised will be spent on expanding the business and developing new technology in relation to cloud technology and crypto technology. the funds will be used for development costs and the expansion of server farms so we can get more space available for our users and create additional features constantly for the service. the reason for the ico in the first place is so we can overcome the barrier to entry to this sort of services industry expansion and rapid growth is the main focus of it. currently we are also looking into cloud mining platforms this is just one of the examples of the services we want to bring which will both help cloud technology development and cryptocurrency development. #300,000 USD and we are just supposed to hope you stick around? Do you have a public profile or do you wish to stay anonymous? Bittrex has personal information regarding us with the escrow agreement  Just like I am sure they had with all the scam coins they release  |
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Who thinks RDD will replace Dogecoin?
Wow such optimism. I don't, though. Dogecoin has left an impact on altcoin scene. Doubt it will get pushed off its throne that easily. Agreed, although I do think RDD will fill the gap that Doge was supposed to. |
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You might be the most silly dev in the world. If your coin is worth a shit then you should really be looking to pull it from ScamTrix and submit it to Polo for their verification and approval, then list it there. ScamTrix right now has a reputation somewhere between a pile of dog shit and a pedophile.
Do you not read the scam threads? No one in their right minds if going to give you 0.00000001 sats for your coin if ScamTrix is pushing it. They are still butthurt from the last 5 scam coins that underwent ScamTrix's 'critical review'.
Just pull it down and wait 3 or 4 months guy, seriously.
That's what I find odd. Up until recently, we were given the impression that the coin was submitted to Bittrex and Polo, for perhaps a simultaneous ICO. Then the word was Bittrex changed their ICO rules, with the assumption that they were more stringent -- yet no updated rules were ever announced or posted. So everyone will figure the ICO is the same as every other Bittrex ICO. If the dev is on the level and has a good coin, wouldn't there be much more to gain by waiting for Poloniex? If not, you also have Bter (they just pulled off a 750 btc ICO for Crypti), or worst case, just do it through regular escrow. Choosing Bittrex now for any ICO is probably the worst choice, as you'll get lumped in with a ton of bad coins just by association. Yeah, just a another one the last day or so. ScamTrix is poison right now. No way I would list my project there. And dev I did look at your beta, but I don't see what is here for 500 BTC that I can not already do for free elsewhere. No FUD, just truth. Perhaps you can explain what I am missing for $300,000 USD? all the funds raised will be spent on expanding the business and developing new technology in relation to cloud technology and crypto technology. the funds will be used for development costs and the expansion of server farms so we can get more space available for our users and create additional features constantly for the service. the reason for the ico in the first place is so we can overcome the barrier to entry to this sort of services industry expansion and rapid growth is the main focus of it. currently we are also looking into cloud mining platforms this is just one of the examples of the services we want to bring which will both help cloud technology development and cryptocurrency development. #300,000 USD and we are just supposed to hope you stick around? Do you have a public profile or do you wish to stay anonymous? |
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Looks like its out of a textbook. 4 peaks in a month, PoSV 5 days away, right on schedule to be around the next peak. I estimate it will top out at 70-110 Satoshi within 10 days (and of-course continue growth after that...)  Woah PoSV is only 5 days away?  That is insane! |
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The difficulty to obtain this coin is very high, I've been mining for 3h with 160mh/s and all I have is 0.4 BT.
Yeah, did you see the OP? |
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time to make some RDD gambling sites
Great Idea, but please don't make dice site, better try roullete or sports betting. I wish there was a poker site where people could play with rdd. Or any crypto. I would play! Yup Poker site also good option to gamble. Poker very popular too in our community. +1 For Poker! It's possibly the most SOCIAL of the gambling games too =) Makes sense to me. |
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It's how all IPO's go these days! The dev literally sets what he wants for each coin and then gets BTC up front before a wallet even comes out! It's insanity man. Why do people buy in? Your guess is as good as mine. They hate money, that's all I can figure.
It's because IPOs can make money for investors too. Look at NXT with their insane rate of return. Even for all the failed ICOs on Bittrex, most made money for investors if they sold early. XBC on polo was like a 40x return on investment at one point. Via, another recent one (non-exchange ICO), has gone up to 6x investment. Of course pump/dumps aren't healthy for crypto, and plenty of people have been burned on ICOs too. But that's why they are popular. But to work even short term, they probably need to sell out, and that is becoming less likely the more ICOs that Bittrex runs. The original IPO for NXT was 2 sats per NXT!!!!!!!!!!!! This developer is asking for 10,000 sats + per coin. You are comparing apples and oranges. This developer is going to be rich on day 1. The Total supply is 5,000,000 and there's no additional coins through mining to further dilute the value of the coin. It seems you suck at calulucaion or you just plain dumb right from the womb. How many Nxtcoin are in circulation?? I bet you wouldn't have invested in Nxt either! You mean "Calculation?"   |
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