Why there is a very big gap between the soft cap and the hard cap?
Soft cap 5,000 ETH
Hard cap 153,000 ETH
More than 30x.
the soft cap needed to be reached in order to develop and advertise the coin a little more leading up to the ICO. The hard cap doesn't need to be reached, they're just aiming for that amount as a best case scenario. I know their meaning. But my question was if you can conduct your business with 5.000 eth, i can understand that you can do some additions with extra eth. But extra 148.000 eth? I wonder what will change with that 148.000eth ? |
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Level 1 managers are required to have at least 1 000 USD in GVT equivalent of their own funds on the platform and their maximum investment pool can be only 1 000 USD worth of GVT. it will hard for me to be a manager, but as investor is not bad to. better invest than nothing to do. Invest money and do nothing! And only to make a profit. The only thing that needs to be done is to choose the right managers, as I understand it. This amount is still pretty low compared to regular investment funds where they need much higher capital to get a license. But at least there are some limitations which will benefit te investors. I think 1000 USD is not so much to become a trust manager. It will still be a Level 1 but maybe after some months/year you will be at a higher rank. Really like that idea and I hope a trust manager can use there own name for the Token  , I would know  . Cant wait to see this Vision go live! I definitely won't be a trust manager. While I am making trades I am already too nervous. If i invest with mine and some others money, i can't sleep at night But I will definitely try on of their trust manager. |
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hi everyone, we released our new Alpha today, you will be able to request the iOS Alpha via our website ( https://soma.co/) . Existing users can just upgrade it directly in TestFlight. Thank you for your support! Is there any date set for android alpha? Or we will see when it is ready to go? You will make me buy an iphone |
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tomorrow is the presale and i am ready to invest into some paypies and get my share of the cake you guys should also follow me and do the same and get some pies 909 PPP/ETH right? Do you think it will be soldout pretty fast? I don't know if for that time (13:00 UTC) I'll be in front of my pc  Well it's hard to tell that. But with all the activity here in the forum, the huge community on Telegram and the seemingly very high number of people on the mailing list, there could be a huge demand and the ICO could be sould out quickly. But thats pure speculation. let's hope it will be sold out. high demand = high token price on the market. I hope everybody gets in. Some ICOs like Sonm, Bancor and Status , (all sold out) are trading under ICO price for quite some time now. Many people join on FOMO to dump their tokens when it will be added to exchanges = panic selling. However PayPie it's no like ICOs I mentioned, it solves an actual problem, we will see many hodlers ICOs that you mentioted raised hundreds millions dollars. They are very greedy and raised unnecessary money for development. Paypie have a good hard cap, and I hope it will brings us good profit Exactly, this is the reason. Companies get greedy and set enormous hard caps to fill their pockets most. Paypie doesn't do like that. They put a nice hard cap beside they are protecting their investors with all their decisions. |
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Why there is a very big gap between the soft cap and the hard cap?
Soft cap 5,000 ETH
Hard cap 153,000 ETH
More than 30x.
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I believe that if utrust gets mass adoption, it can bring more people to crypto world. With that effect, it can make a good bump for all cryptocurrencies.
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Imagine lots of shops issuing these tokens, the public will start using them because they get discounts and benefits for holding them
Maybe I am getting sidetracked, but could it happen that some less morally inclined personnel might embezzle a portion of those tokens that are as you say obviously valuable? I'm actually glad you brought this up the open nature of a blockchain based rewards system actually lowers the chance of an individual within a merchants company committing fraud, as every interaction is trackable and verifiable, unlike a traditional database system that is more easily manipulated. In my country when a merchant makes a good campaign, personnel embezzles all of them and you can't apply it. It is a disgrace. And reading that it can prevent with gatcoin is marvelous. I hope one day you will be in my country too. Thats a strange system you have. Usually employees cant take part in different campaigns and promotions. But since the goal of Gatcoin is also a diversity of merchant coins and their circulation, i think there wont be any problems like that. If they can't, they give it to friends and family. We are a corrupt country |
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We were thinking about soft cap, unsold tokens etc. And they stopped pre-order due excessive demand |
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I love Stéphane Ifrah's three reasoning about bots.
1) Bots don't act with their emotions.
2) Bots have the capacity to analyze larger information.
3) They do these very very quickly.
1. With your own emotions to act, you will lose judgment. 2. Ability to analyze large information, to be precise. 3. very fast to do this, do not miss every opportunity. Use intellectual programming to accurately grasp every opportunity to earn% revenue Well, I'm sure too that at some points the market will be totally dominated by AI. The only way to win would be to deceive the AIs. It will be a ai vs ai at some point. Good ones would make some profit, others will make some loss. |
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By the way, there is only one day left for pre-ico.
We are waiting that day for a long time. I hope it will be a great success, I also think that it will be a great success.
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First time in my life i envy ios. Unfortunately, android alpha not out yet, so we should hear from ios users.
Anybody tried it yet?
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I have joined their referral bounty some time ago and think now i should inspect datum closely. It is looking like nice i can say that and maybe invest some but first i should read more about it |
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Imagine lots of shops issuing these tokens, the public will start using them because they get discounts and benefits for holding them
Maybe I am getting sidetracked, but could it happen that some less morally inclined personnel might embezzle a portion of those tokens that are as you say obviously valuable? I'm actually glad you brought this up the open nature of a blockchain based rewards system actually lowers the chance of an individual within a merchants company committing fraud, as every interaction is trackable and verifiable, unlike a traditional database system that is more easily manipulated. In my country when a merchant makes a good campaign, personnel embezzles all of them and you can't apply it. It is a disgrace. And reading that it can prevent with gatcoin is marvelous. I hope one day you will be in my country too. |
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I saw that dev wrote that there is not a soft cap.
Did he mean, we hit hard cap or else we will cancel the project.
Or
We are going to make project real regardless of the funds.
The logical thinking is the second one is. But if it was the issue he should have said, we already hit the soft cap. Anybody have any ideas?
Yes, we don't have a soft cap. Even if we don't reach a hard cap we are not killing our project. The budget and components are planned, assuming that our fundraising efforts will reach the estimated maximum amount. Otherwise, a part of the components will have to be abandoned, and the budget will be reduced for the remaining features. Great, so no matter what , your project will keep going right? So there will be no concern for investors. Well that's good to hear. A lot of other ICOs haven't thought about what will happen if they will not raise a specific amount of money. Yes, It is good to hear. I don't participate to an ico for getting a refund at the end. But he said about some part will be abandoned. I always think about rainy days. If you come short on ico, is there a table about cutting parts. Like if we can't reach x k we won't implement this kind of things. Or you will figure out it, when it is final? |
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I love Stéphane Ifrah's three reasoning about bots.
1) Bots don't act with their emotions.
2) Bots have the capacity to analyze larger information.
3) They do these very very quickly.
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With that hype, it is a big possibility to sold out on 2nd of November.
If there is something wrong and they can't sell all the tokens, they will burn it. It is also a good news.
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Hello Everyone!
Here’s a fresh from the oven scoop for you – PayPie to Be Integrated into Jaxx multi-token wallet! PayPie and Decentral have just issued a joint press release officially announcing that Anthony Di Iorio has joined the PayPie team and that PayPie will be integrated into Jaxx! That’s thrilling news! Check it out:
"Anthony Di Iorio Joins PayPie Team; PayPie to Be Integrated into Jaxx
6th October 2017 – Decentral Community Space – TORONTO – Decentral Inc, home of the Jaxx Blockchain Interface and the Decentral Community announced today that Anthony Di Iorio, Founder of Decentral and CEO of Jaxx, and Co-Founder of the Ethereum platform, is joining PayPie as both an advisor and as a prominent supporter.
Anthony and the Decentral team are eager to support projects with experienced entrepreneurs delivering blockchain innovation, like PayPie. Anthony said that “by introducing the world’s first Ethereum-powered credit risk assessment based on decentralized accounting, PayPie hopes to bring ultimate trust and transparency to the financial market. I’m a believer in the power of decentralized technologies like PayPie to add huge value to existing auditing markets and practices. Supporting PayPie’s team in a key advisory role and by integrating the PayPie token into Jaxx are the ways I’m most eager to pitch in.”
The PayPie decentralized, blockchain-based platform was built to make the financial information on businesses more accurate and transparent, allowing a better picture of a company’s financial health for credit risk assessment. Anthony continued, “PayPie leverages blockchain to enable live financial audits, speed up credit approvals, and improve the overall credit scoring processes for businesses. It’s a huge improvement in efficiency for lenders, auditors, accountants, and other financial institutions.”
“Often a company’s financial situation is inaccurate, due to a lack of information and the fact that this information is usually outdated”, said PayPie CEO, serial entrepreneur, and member of the Forbes Technology Council, Nick Chandi. “By harnessing technology – blockchain in particular – we can avoid these issues and make the system fairer both for the businesses themselves, as well as those who wish to access the financial information. Anthony’s participation as a key strategic advisor and the integration of our token into the Jaxx platform are great accelerator to our future.”
Link to Decentral’s press release (also available on their homepage):
http://decentral.ca/anthony-di-iorio-joins-paypie-team-paypie-integrated-jaxx/
Link to PayPie’s press release:
http://blog.paypie.com/uncategorized/anthony-di-iorio-joins-paypie-team-paypie-to-be-integrated-into-jaxx/
That's some thrilling news!
Regarding the pre-sale, we're sharing further info today! Stay tuned!
Cheers,
Yohan Varella
CMO Actually first i didn't see plus side of jaxx deal. I am using myetherwallet and only heard once about jaxx. But now i checked it, it says "You're in control - The way it should be All keys are created on your local device and never sent to any servers. This means you have full control of your wallet and Jaxx neither holds nor has access to your funds." So it is more secure than myetherwallet but not compatible with all of the erc tokens like mew. I respect that deal, probably i won't use it. But it brings more security options to paypie holders. |
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I thinking... Whats reminds me Soma.. And understand now.. Its Pinterest! hm... Pinterest have a huge succes, as I understand Soma also make same sosial-network shop but for crypto only. May they will also have succes  Really some similarity they have. My wife likes to look in this Pinterest. Let's see how popular is SOMA. Wow I really don't understand the similarities there, could you develop ?  Thats a strange comparision. SOMA will be more like Facebook because there idea come from Facebook. Look at the Whitepaper: Soma ( https://soma.co/) began as a project since we wanted to create a unique and revolutionary platform for the secondhand commerce as a response to the market situation where the old platforms are leaking vast amount of users to localized Facebook Groups. The emergence of localized Facebook groups for trade is a global phenomenon and this trend seems to continue. The platform will be more like Facebook, liking, sharing, ... So it is clear that SOMA collects some of the properties of all the projects mentioned. But it is a unique project that combines some elements of social networks, stores. And now it adds the possibility of payments in the crypto currency, thanks to the partnership with UTRUST. Similarity does not mean cloning, but only identical ideas, which are not someone's property, but are generally known. Exactly, they are not inventing social media, they are trying to upgrade it. Facebook has some positives and negatives. They are combining positive parts of facebook with the marketplace. It's not done before. |
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I saw that dev wrote that there is not a soft cap.
Did he mean, we hit hard cap or else we will cancel the project.
Or
We are going to make project real regardless of the funds.
The logical thinking is the second one is. But if it was the issue he should have said, we already hit the soft cap. Anybody have any ideas?
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Like every good project, now we have fudsters.
I welcome them.
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