ITO end at midnight, but in which city / time zone?
It'll end in about 6 hours No, it ends in 15 hours. 23:59:59 PDT 5 November 08:00 GMT 6 November No, the official released document said 23:59:00 EST on November 5th not PDT |
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ITO end at midnight, but in which city / time zone?
IDK anymore. The OP says it ends at 23:59:00 EST on November 5th, which is in about 12 hours and 4 minutes. But then the tweet from a page or so back says it ends at 7:59:59 GMT tomorrow which is 15 hours and 4 minutes from now. |
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Yep. I agree. If you traded blocks you take the risk of not getting square in the end. However, if you bought under 25, well done if you can sell off at 25 on the wall. Always in crypto ways to profit in trading, but someone always has to lose. Keep that in mind.
Since Poloniex have been actively trading Block and if the ITO fails to raise the minimum amount of BTC, could they be in a position to lose money? For example and purely theoretical; 1. Poloniex initially had 350 BTC of Block to sell. 2. They have been actively allowing trading of Block during the ITO. 3. Coingateway users have sent 25 BTC worth of Block to Poloniex to try and arbitrage their 10% discount. 4. All 25 BTC of Coingateway coins have been sold on Poloniex. 5. The refund on Bittrex causes the ITO not to meet the minimum requirements, the ITO is cancelled and all exchanges are refunded their initial amount of BTC. 6. But Poloniex is now sitting on 375 BTC worth of Block instead of their initial 350. 7. Is Poloniex stuck for the 25 BTC? a) If 25 BTC of Block have been sold that doesn't mean Poloniex holds 25 BTC of block. Poloniex collects trading fee. The Block belongs to whatever market participants bought them. b) Poloniex isn't stuck anything. Anything they hold which is extra, is profit they made from trading fees in the form of Block. c) They may have sold these collected fees off on their own market for BTC anyway. Ahhh, so Poloniex might not get stuck but the people who bought at the lower price may? |
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Yep. I agree. If you traded blocks you take the risk of not getting square in the end. However, if you bought under 25, well done if you can sell off at 25 on the wall. Always in crypto ways to profit in trading, but someone always has to lose. Keep that in mind.
Since Poloniex have been actively trading Block and if the ITO fails to raise the minimum amount of BTC, could they be in a position to lose money? For example and purely theoretical; 1. Poloniex initially had 350 BTC of Block to sell. 2. They have been actively allowing trading of Block during the ITO. 3. Coingateway users have sent 25 BTC worth of Block to Poloniex to try and arbitrage their 10% discount. 4. All 25 BTC of Coingateway coins have been sold on Poloniex. 5. The refund on Bittrex causes the ITO not to meet the minimum requirements, the ITO is cancelled and all exchanges are refunded their initial amount of BTC. 6. But Poloniex is now sitting on 375 BTC worth of Block instead of their initial 350. 7. Is Poloniex stuck for the 25 BTC? |
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what about just cancelling blocknet?
my xc's would like that
so that xc would be again 100% backed by dan ...only thing encouraging to hodl
XC is still 100% backed by Dan, with or without Bolcknet. |
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For anyone who's unaware: The refund offered by Bittrex is solely to do with other exchanges such as poloniex opening trading during the ITO. This was against the terms of Bittrex's rules so they want to be fair to investors who bought in on the basis that tokens wouldn't be open for trading during the ITO. The offer of refunds has absolutely nothing to do with the unfounded scam claims of the SDC trolls clique.
That's the way I understand it too. Poloniex definitely threw a wrench into the works by allowing trading during the ITO. Edit: Not to mention that there is some other exchange that is also actively trading Block. I can't remember their name, but iirc, they announced it here in this thread. |
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REFUNDS:
Thanks for asking questions about refunds folks.
There are a few ways in which we could issue them:
- Bittrex's 48hr buy wall will be in place for Bittrex customers.
- Following this, if the Blocknet does not achieve its minimum amount of funding, the remaining BLOCK on Bittrex will be refunded with BTC.
- All BLOCK bought on CoinGateway can then be refunded using their transaction history.
- Finally, the remaining BLOCK can be withdrawn to users' wallets. From there, it is easy to prove ownership of coins by signing a message:
- A message containing the user's BTC address can be signed by the private key holding the user's BLOCK, and sent (over, say, email) to us.
- The user then pays BLOCK to an address we provide
- Upon receipt of the BLOCK we match the message with the address the BLOCK was sent from, and return BTC to the address in the message.
If the latter suggestion is too time-consuming or complicated, we could just put up a buy wall on Polo and Bter for 48 hours.
I think if there is going to be a refund (due to the minimum not being met), then it would have to be through a buy wall. I bought my Block tokens through Coingateway (with XC) and had them in my wallet in a few minutes. Since Poloniex is actively trading Block, then I could have sent by Coingateway Block tokens to Poloni and sold them there. If you then refund based on Coingateway's transaction history, I would get my refunded XC even though I had already sold my Block on Poloniex. Is that possible? Or would Coingateway first verify that the original address that they sent the Block to still retained the initial amount before issuing a refund? Yeah, that is going to be a mess if you have traded a lot of block already. It is. I haven't sold any, but you know there are Coingateway tokens that have been sold on Poloniex so issuing a refund without verifying ownership of Block can't happen. I think Bittrex is taken care of. From what I understand trading will be frozen during the 48 hour refund window so people won't be able to deposit or withdraw. Is it the same with Bter? I think it is (i.e., deposit and withdraw are frozen). Poloniex is the only sticky point and really messed up by allowing trading. IMO. |
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REFUNDS:
Thanks for asking questions about refunds folks.
There are a few ways in which we could issue them:
- Bittrex's 48hr buy wall will be in place for Bittrex customers.
- Following this, if the Blocknet does not achieve its minimum amount of funding, the remaining BLOCK on Bittrex will be refunded with BTC.
- All BLOCK bought on CoinGateway can then be refunded using their transaction history.
- Finally, the remaining BLOCK can be withdrawn to users' wallets. From there, it is easy to prove ownership of coins by signing a message:
- A message containing the user's BTC address can be signed by the private key holding the user's BLOCK, and sent (over, say, email) to us.
- The user then pays BLOCK to an address we provide
- Upon receipt of the BLOCK we match the message with the address the BLOCK was sent from, and return BTC to the address in the message.
If the latter suggestion is too time-consuming or complicated, we could just put up a buy wall on Polo and Bter for 48 hours.
I think if there is going to be a refund (due to the minimum not being met), then it would have to be through a buy wall. I bought my Block tokens through Coingateway (with XC) and had them in my wallet in a few minutes. Since Poloniex is actively trading Block, then I could have sent by Coingateway Block tokens to Poloni and sold them there. If you then refund based on Coingateway's transaction history, I would get my refunded XC even though I had already sold my Block on Poloniex. Is that possible? Or would Coingateway first verify that the original address that they sent the Block to still retained the initial amount before issuing a refund? |
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...deleted disgusting comment....
You are not welcome to post in here you should be officially banned from posting in this thread.
GTFO
You should be banned. You obviously can not control yourself and have to have the official team members coddle you on IRC to make your paranoia from the smear campaign go away. Where were you during all the smear campaign Fartedo did you sell and now you come back to cry on my back again. I'm not going to give you my number you are a stalker What was I to add to the conversation? Call people names and act like a little crying bitch? That's not me. I sold 15% of my XC to buy Block. Other than that I have sold nothing. I didn't have to go around second guessing the XC team to make my decisions either. Good for you fartedo we know you are the perfection itself that never makes mistakes. I make mistakes all the time. I just try not to make the same ones twice. |
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...deleted disgusting comment....
You are not welcome to post in here you should be officially banned from posting in this thread.
GTFO
You should be banned. You obviously can not control yourself and have to have the official team members coddle you on IRC to make your paranoia from the smear campaign go away. Where were you during all the smear campaign Fartedo did you sell and now you come back to cry on my back again. I'm not going to give you my number you are a stalker What was I to add to the conversation? Call people names and act like a little crying bitch? That's not me. I sold 15% of my XC to buy Block. Other than that I have sold nothing. I didn't have to go around second guessing the XC team to make my decisions either. |
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...deleted disgusting comment....
You are not welcome to post in here you should be officially banned from posting in this thread.
GTFO
You should be banned. You obviously can not control yourself and have to have the official team members coddle you on IRC to make your paranoia from the smear campaign go away. Like I said before, you are not doing the communities you support any good. |
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Has anyone receive their 10% of blocknet coins from coingateway yet?
I think most people have. I did yesterday evening. |
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thats how an ito should originally work. You buy in, wait out the ITO period, and only then get your bought shares. wtf is the problem with you lot?
Devs could have been more clear on this also.
Why was I able to withdraw from Polo? a glitch from the start, but a minor one. Relax and wait a year
of course..they fucked up big time..and people lost money. I support the project, but I'm not going to hide the fact that people lost money, including me, because of their ill prepared launch...period. How have you lost money? No funds have been lost. Nothing's gone amiss. What are you talking about? Why do I have to repeat myself since its so obvious ? Its all over the forums. Is not just me. By the time I got to buy from coingateway, I had already amassed sums of participating coins, the ones I support and others, in order to get the 10% discount and I only managed to buy a tinny part of block, before it was sold out. A very tinny part of the block was allocated to coingate. The rest of the coins I had, dropped in value because of the same reason, people were dumping because they were not able to buy with them but only with btc. You should have warned us several times in BIG BOLD LETTERS that only 20% of block is available for sale at coingateway, and more over, ONLY a certain amount of block was assigned to each coin, depending on each coin market cap !!! Second, even if you destroy the equal amount of the staked coins, my loooot of coins are hostages at trex, meaning I don't get to stake at all which equals lost. I said people lost money in the process of buying block...not because they invested in block. IMO it would be patronising of us to think that investors wouldn't do due diligence and *read the OP* before buying. The information was supplied clearly, and in advance. First come first serve. Don't blame us for not having done your homework. I think I'm done discussing this now. +1 Exactly. |
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thats how an ito should originally work. You buy in, wait out the ITO period, and only then get your bought shares. wtf is the problem with you lot?
Devs could have been more clear on this also.
Why was I able to withdraw from Polo? a glitch from the start, but a minor one. Relax and wait a year
of course..they fucked up big time..and people lost money. I support the project, but I'm not going to hide the fact that people lost money, including me, because of their ill prepared launch...period. How have you lost money? No funds have been lost. Nothing's gone amiss. What are you talking about? Why do I have to repeat myself since its so obvious ? Its all over the forums. Is not just me. By the time I got to buy from coingateway, I had already amassed sums of participating coins, the ones I support and others, in order to get the 10% discount and I only managed to buy a tinny part of block, before it was sold out. A very tinny part of the block was allocated to coingate. The rest of the coins I had, dropped in value because of the same reason, people were dumping because they were not able to buy with them but only with btc. You should have warned us several times in BIG BOLD LETTERS that only 20% of block is available for sale at coingateway, and more over, ONLY a certain amount of block was assigned to each coin, depending on each coin market cap !!! Second, even if you destroy the equal amount of the staked coins, my loooot of coins are hostages at trex, meaning I don't get to stake at all which equals lost. I said people lost money in the process of buying block...not because they invested in block. You couldn't thoroughly read and understand the ITO rules that were published, how is that Blocknet's fault? I read it and understood the rules. Why the need for hand holding and multiple statements in big bold letters when everything was already there in black and white? |
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You know I never said this to anyone in here but now I will ...I'm one of the members that invested more in this thread and contributed the most with constructive criticism ...
Really? You need to get off your high horse. Yeah, yay, you have been around a while, big deal, so have I. To think you had something to do with getting the 10% back from coingateway for people is ludicrous. The things I remember most from you are you and your mascot goat buddy circle jerking each other in this thread acting like kids, you talking about "jizzing" yourself quite often, and you flying off the handle in the Blocknet thread. That's what I remember, the juvenile bullshit you have pulled. Not the positive contributions that you have made. Now you are starting BS in this thread. Go ahead, blame it on being half Sicilian, or whatever, but it is the kids acting like kids in this thread that have made me rethink my position in XC. You think you are doing great things for the XC community by acting the fool and flying off the handle, but from the outside looking in, you are hurting the community, not helping. Figure out away to get your point across with out sounding like a ranting critical douche bag. It will benefit everyone. |
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For those who bought BLOCK today on coingateway, but didn't get the initial 10% discount for using an associated Blocknet coin. I have just opened up my Blocknet qt wallet and have received the 10% in BLOCK credits. Great stuff!
Yup, just got my 10% too from Coingateway. Plus as an added bonus, I staked my first coins.  |
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Reese,
You could have bought blocknet with your Xc for a 10% discount. There was a limited number of blocknet tokens available for this offer. These sold out in a few hours.
I think that offer was shared with the other affiliate coins.
I think it's unfair that some folks couldn't use some of their XC to buy blocknet tokens. I didn't find out about this until after it was sold out. Many people understood the terms and process. If you were not one of them then perhaps you didn't choose to read up on the terms and understand the release. Nothing is unfair about you choosing to ignore the specifics. Ignoring or just don't have the time to read so much information. Choose your words carefully next time. A lot of people have have lives which are chaotic outside of this crypto world. Agreed, but still, imagine 2 years from now you are going to be transacting hundreds of XC or block or w/e and you will be considered a big fish, and people will be like "ur so lucky dude u got in so early", the fact that u missed the 10% today for w/e reason will be irrelevant. I have a friend who spotted BTC a couple of weeks after its launch. He said he was "bored and wouldn't waste time on it". Yeah, ouch. The sad part of the story is that I purchased bitcoins from a recommendation from a friend back when they were around .75 cents each (US Dollars). I purchased 1000 of them from my friend who had something like 10000 or more of them. I held onto them until they were worth $10 each, I quickly sold due to fear and made a nice profit. Had I held onto them, well that would of been a different story Well, that isn't fair. I don't know about bitcoin until they were $900 a piece. |
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Any place to get BLOCK with 10% discount more ?
No. |
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Anyone having problems exchanging XC to Blocknet shares?
I keep getting a blocknet address problem on Coingateway site.
I didn't have any issues. Check the blocknet thread, they have a solution if you are getting the "invalid address" error. |
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Coingateway works for me now. I used the same address that was generating errors before. Not sure what changed.
Worked for me too. Order placed 13 minutes ago and have the tokens in my wallet. Did you get the 10% bonus? |
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