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Here is a recent interview with our CEO, Wally Xie, conducted by NEM Tony. It features Wally's thoughts on pivoting Qchain towards focusing on native advertising for its direct buy application, cultural shifts in the advertising industry to mitigate ad fraud issues, and also dealing with blockchain scaling issues for ad tech: https://www.youtube.com/watch?v=RTkW7FySc8oThe interview is quite lengthy (18 minutes), but will give you some more insight about our company if you have the time. |
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- Donations will be sent to two multisignature wallet addresses, one for ETH donations and one for XEM donations.
- A hard cap maximum of 225,000,000 EQC and 225,000,000 XQC tokens will be sold for each crowdsale, representing 60% of the respective supply for each token. This equates to a hard cap of 56250 ETH for the ETH portion of the crowdsale and 56250000 for the XEM portion of the crowdsale.
- The amount of EQC or XQC tokens ultimately sold will represent 60% of the total respective EQC or XQC supply.
- There will be a 15% token bonus for participating within the first three days of the crowdsale. There will be a 7.5% token bonus for the following week (seven days). After the first 10 days of the crowdsale, there will be no more token bonuses.
- The crowdsale will last 30 whole days, or until the entire token supplies are exhausted, whichever occurs first.
- Tokens will be created prior to the commencement of the main crowdsale. Tokens will be transferred in real-time to contributor accounts after their contribution is received.
- Untransferred tokens from the initial supply not purchased during the crowdsale will be burned.
- The minimum threshold to be met for the ETH crowdsale will be 2000 ETH. The minimum threshold to be met for the XEM crowdsale will be 100,000 XEM. If these thresholds are not met, failure will be declared and existing donors will be refunded.
- The XQC to XEM exchange rate will be at 4 XQC per 1 XEM. The EQC to ETH exchange rate will be at 4000 EQC per 1 ETH.
- The code for the crowdsale will undergo testing and audit by the Ethereum smart contract development firm Zerion and core NEM developers before launch to ensure the security and integrity of the code.
- Resident from the US state of New York and countries sanctioned by the US Office of Foreign Assets Control (OFAC) will be blocked from participation in the crowdsale interface. The OFAC-sanctioned countries to be IP-banned are as follows: the disputed Crimean region, Cuba, North Korea, Sudan, and Syria.
Updated some details in the crowdsale information section. Apologies for the confusion. |
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You actually started first but someone else does it first. do you still launch as competition or quit give up and go back in the closet ?
Paraphrasing from other people, no ideas exist in an ether. If you've come up with it, someone else likely has already as well and is working on it. The planet is too large, $7 billion people. Even if original ideas are the same though, diversity comes in the execution. Always many niches to explore and occupy. Also, "does" is the key word. If "does" just means they put up a website and a white paper, maybe a demo, nope, not too late to jump in the scene. If is a dozen larger competitors that already have explored a space pretty thoroughly over the past two years? That's a case where maybe you go back into a closet and try to come up with another idea. |
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Looking NEM developer for blockchain project $$$
Always great to see another party developing on NEM. We at Qchain are developing a blockchain-powered ad tech and mar tech platform and are also building a NEM application alliance. Drop us a line at team at qchain.co if you would like to touch base. |
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We faced a problem with our Lordmancer II Slack channel. There were many scam messages every day: in private, in general channels, etc. We constantly banned those spammers, but they just registered once again (even the names were the same!). Also each day we saw new members with names like "CEO", "cofounder", etc. Finally we dicided to close the Slack channel. Now we use Telegram group https://t.me/lm2ico as a main communication channel. I strongly recommend not to use Slack for ICO campaigns! Good to see some negative sentiment building for the usage of Slack in the crypto world. Slack is great for some things, like Internal team communication of a larger company, but I don't know how it got so popular for cryptocurrency. Channels can become a nightmare to sort through, and the lack of tying things to a phone number makes mass creation of accounts even easier. Decided to not get a company Slack early on, because the moderation appeared like too much of a nightmare. |
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Nice websites are pointless without a lovely product.
Hence, why we will not launch a crowdsale before having a demo to show people. |
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i still could not figure out how it is built on both Ethereum and NEM blockchains
Pretty simple in concept, actually. We will have one common UI and front end that calls either an Ethereum or NEM back-end depending on the token the user decides to use. Users will select their token early upstream in the transaction process by clicking an NEM or Ethereum button, that then calls the separate back ends. Of course, this is easier said than done, but just to clarify, a user obviously will not be using the Ethereum and NEM blockchains simultaneously for a given transaction. Stay tuned for our official Bitcointalk ANN to come in the following weeks as we iron out details for our crowdsale. |
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