Hello. When will be the payment for participation in the bounty?
I spoke to a representative on the website yesterday and apparently it will be around 15/12 but that isn't set in stone. |
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Will there be a public ICO fund raiser counter?
I think it helps when it's transparent and you can see how much is raised throughout the ICO campaign.
I would also like a Raiser Counter. On the one hand, because I'm curious. On the other hand, it helps a little bit to decide if I should invest too I will raise this to the rest of the team, thank you for the suggestion. Awesome news I really hope this is implemented to the website soon, I've seen it used by a lot of different projects and it has a positive effect. I agree with jamz and fauler it would be nice to see how well the ICO is doing and it would be good to check how much ETH has been raised and how much CROM has been sold. It does offer a lot of transparency for investors and it helps potential investors to make a decision because they believe that CROM is very trustworthy and it will be a good project to invest in. |
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unfortunately I have not found a percentage in the whitepaper, which one would get for lending the tokens. This is a point that really interests me and I'm curious how the lending will be rewarded
Don't quote me on this, as I can right now not verify with the rest of team if this is still the long term goal, but the original idea on lending was to create an environment where the owners and users of token can set offers and asks in a market. Yeah I guess the interest or dividend percentage return varies on the demand for the tokens and how well CROM is performing in the markets. I do like this part of the project, I feel like it adds a lot more value to the coin and it will push up the demand. CROM need to capitalize on this and go into a bit more detail about explaining how it will work. However, I do understand if its a long-term goal, that the team might not be ready to comment on this because the foundations haven't been put in place yet. |
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Only 8 days left before Pre-Ico. I hope they tell us then how much they have taken in the Pre-Ico. And will there be a minimum stake again at the Public-Ico?
I agree. Its the best to tell the people how much they have taken in the pre ICO. In public ICO many new people will join i think. It would be better to do it now, because you get a bonus of 25%. For some people it is not possible to participate in the pre-sale ICO. You need to invest a minimum of 10 ETH, which has now roughly the value of 3.6k US dollars. I'm not comfortable trowing that kind of money around, it makes too much of an impact on my bankroll. i only invest what i am comfortable losing.. Yeah with ICO's I don't like to invest that much because they can be high risk, but I will definitely purchase some tokens when the minimum buy-in drops because I really like this project. Hopefully during the main sale there will be no minimum. It's a shame there isn't a first come - first served early bonus as soon as the main sale starts. For example the first 10,000 CROM tokens sold after main sale there is a 10% bonus. That sort of thing to reward early investors who are keen on the project but do not want to invest 10 ETH during pre-ICO. i used to see alot of those constructs, the downside of that is that those bonus coins mostly get dumped after listing. Thats not favorable for the coin. Also their ICO is only 14 days long, so you could say it is kinda first come first serve with a very limited amount of coins and time running ICO. As soon as it hits the exchanges it would go up, becaus without bonusses there would be not incentive to dump your coin immediatly. Yeah I guess, but it depends on how much demand there is for the tokens. I feel there needs to be some more promotion from the CROM team. I don't like that there still hasn't been any video promotions. For example a you tube channel with a video about the team and the project. As the project is based on digital advertising and the team have a lot of experience in marketing I'm surprised there have not been any videos, I also haven't really seen any adverts anywhere about the project. Maybe this is something the team will address before the main sale goes live! exactly, this is what concerns me too. I mean, even the most shitty coins have proper social media adverts. Maybe they don't want to do that on purpose, because alot of shitcoins do that and they don't want such an image. But those YouTube video's is a must, especially now we are closing in on the ICO which only has a duration of 14 days. Make the most of it CROM! The video will come. As for the concerns of a minimum in the regular ICO: The minimum to buy will be 1 CROM token as we don't plan on making the token splittable, so basically no minimum. Okay well that is good news, hopefully I can put a bit of ETH in and get some tokens, I take it from your response there will not be any additional discounts after pre-ICO (I know this has been answered before but I want to double check with a team member). Even a little 5 - 10% for the first initial investors on the main sale will get a few more people involved and generate a bit of extra hype around the token. Also, very glad to hear about the videos, it might seem like a small thing but in this day & age if you're trying to advertise something you need to use visuals! |
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Only 8 days left before Pre-Ico. I hope they tell us then how much they have taken in the Pre-Ico. And will there be a minimum stake again at the Public-Ico?
I agree. Its the best to tell the people how much they have taken in the pre ICO. In public ICO many new people will join i think. It would be better to do it now, because you get a bonus of 25%. For some people it is not possible to participate in the pre-sale ICO. You need to invest a minimum of 10 ETH, which has now roughly the value of 3.6k US dollars. I'm not comfortable trowing that kind of money around, it makes too much of an impact on my bankroll. i only invest what i am comfortable losing.. Yeah with ICO's I don't like to invest that much because they can be high risk, but I will definitely purchase some tokens when the minimum buy-in drops because I really like this project. Hopefully during the main sale there will be no minimum. It's a shame there isn't a first come - first served early bonus as soon as the main sale starts. For example the first 10,000 CROM tokens sold after main sale there is a 10% bonus. That sort of thing to reward early investors who are keen on the project but do not want to invest 10 ETH during pre-ICO. i used to see alot of those constructs, the downside of that is that those bonus coins mostly get dumped after listing. Thats not favorable for the coin. Also their ICO is only 14 days long, so you could say it is kinda first come first serve with a very limited amount of coins and time running ICO. As soon as it hits the exchanges it would go up, becaus without bonusses there would be not incentive to dump your coin immediatly. Yeah I guess, but it depends on how much demand there is for the tokens. I feel there needs to be some more promotion from the CROM team. I don't like that there still hasn't been any video promotions. For example a you tube channel with a video about the team and the project. As the project is based on digital advertising and the team have a lot of experience in marketing I'm surprised there have not been any videos, I also haven't really seen any adverts anywhere about the project. Maybe this is something the team will address before the main sale goes live! |
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I like the amount of posts and articles you guys write about the project. I also watched the Facebook Live video the other day which I was very impressed with. It is a brilliant way of interacting with investors and supporters and keeping people updated. Keep up the good work devs! I've seen your name "Cryptossi" in tracker sheet!! Let's go go go! Yeah man I really like this project so I'm trying to get involved as much as possible! Can't wait for the main token sale so I can buy some Medi! It would be better if you participate 2nd Presale with QTUM. There is 5% bonus for 2nd Presale. Will we be able to use btc or eth on the main sale? Yes!! Yeah thats why I'm going to wait for the main sale, because it adds extra cost to convert ETH to QTUM and then contribute to buy MED. MainSale is coming!! I'm getting ready to buy, buy, buy! BTC |
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Only 8 days left before Pre-Ico. I hope they tell us then how much they have taken in the Pre-Ico. And will there be a minimum stake again at the Public-Ico?
I agree. Its the best to tell the people how much they have taken in the pre ICO. In public ICO many new people will join i think. It would be better to do it now, because you get a bonus of 25%. For some people it is not possible to participate in the pre-sale ICO. You need to invest a minimum of 10 ETH, which has now roughly the value of 3.6k US dollars. I'm not comfortable trowing that kind of money around, it makes too much of an impact on my bankroll. i only invest what i am comfortable losing.. Yeah with ICO's I don't like to invest that much because they can be high risk, but I will definitely purchase some tokens when the minimum buy-in drops because I really like this project. Hopefully during the main sale there will be no minimum. It's a shame there isn't a first come - first served early bonus as soon as the main sale starts. For example the first 10,000 CROM tokens sold after main sale there is a 10% bonus. That sort of thing to reward early investors who are keen on the project but do not want to invest 10 ETH during pre-ICO. |
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I like the amount of posts and articles you guys write about the project. I also watched the Facebook Live video the other day which I was very impressed with. It is a brilliant way of interacting with investors and supporters and keeping people updated. Keep up the good work devs! I've seen your name "Cryptossi" in tracker sheet!! Let's go go go! Yeah man I really like this project so I'm trying to get involved as much as possible! Can't wait for the main token sale so I can buy some Medi! It would be better if you participate 2nd Presale with QTUM. There is 5% bonus for 2nd Presale. Will we be able to use btc or eth on the main sale? Yes!! Yeah thats why I'm going to wait for the main sale, because it adds extra cost to convert ETH to QTUM and then contribute to buy MED. |
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i like this point
3) The introduction of a lending platform will give non-industry holders of tokens a means to gain a financial advantage without using the platform for marketing campaigns. They can actively offer their tokens to market players with a shortage of tokens, earning a dividend from the fees saved. → increasing demand from “out of industry” investors → thereby increasing token price
I like to lend tokens and get a fee for that. Easy money:-)
Then maybe you need to open a credit organization  I think you'll be happy to receive dividends for loans issuing)) Yeah I like this idea a lot! Especially after we have received some tokens from the bounty and bought some during the pre-ICO. We will then be able to loan the tokens to new investors and get paid through dividends and interest. Also whilst we are loaning the tokens out we will be in effect HODLing at the same time so we can get paid and the price will increase too. Hopefully with the increased advertising and promotion we can get lots of new investors after release. Its a win-win scenario where we are generating profits and supporting the project at the same time. |
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Okay so this sounds like what I thought it would be. 'CROM tokens give users of the platform a rebate on fees (and a kickback/bonus payout for certain types of users) → financial advantage without being a security.' I also like this bit of the article where it explains the lending platform: 'They can actively offer their tokens to market players with a shortage of tokens, earning a dividend from the fees saved. → increasing demand from “out of industry” investors → thereby increasing token price' Another good point here: 'The tokens give diminishing returns, so the impact of the first token is higher than each following token.' So basically there is a discount for transactions and a lending platform with dividend payments. Can someone confirm that this is correct? |
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CROM token holders paying for transactions can diminish this fee substantially, thereby saving costs. Moreover, CROM token holders receiving transactions
can earn bonuses on transactions. Thus, all parties in the marketing ecosystem profit from holding token, this creates demand and a lasting speculative value for investors.''
What kind of profit do you get by holding the CROM token?
I second your question. I also dont get these sentences. CROM plans to have any HODLers reward? or are they going to buyback tokens from market and burn it in order to reduce the circulation volume? I have not seen such things anywhere. May be I missed those points. Somebody clarify this.. Yeah I really want to find out. If it's a POS coin then the project should use this as a Selling Point. Has anyone asked the team directly? I think the most likely answer will be if you hold a large amount you will have a higher discount on transactions whilst using CROM. |
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I like the amount of posts and articles you guys write about the project. I also watched the Facebook Live video the other day which I was very impressed with. It is a brilliant way of interacting with investors and supporters and keeping people updated. Keep up the good work devs! I've seen your name "Cryptossi" in tracker sheet!! Let's go go go! Yeah man I really like this project so I'm trying to get involved as much as possible! Can't wait for the main token sale so I can buy some Medi! It would be better if you participate 2nd Presale with QTUM. There is 5% bonus for 2nd Presale. Will we be able to use btc or eth on the main sale? |
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so is a 25% bonus for the first phase of the ICO now confirmed and how long will it be available?
Pre-Ico with 25% discount is still running 9 days. Then the Public Ico starts without Bonus. Here from the Ann thread: Distribution: 2.0m tokens during a pre-ICO to early investors with a 25% bonus. 4.0m tokens during the public ICO at nominal rate. ICO time and duration: The ICO will start Dec 01, 2017, 12:00 GMT and last for 14 days or until all CROM tokens are sold – whichever happens earlier. The pre-ICO will start Nov 17, 2017, 12:00 GMT and will last for 14 days. Too bad the ICO is right before Christmas, people usually spend all their money around this time of the year. Maybe they should give a Christmas bonus Christmas is a good time. What speaks against good coins as a Christmas present :-) Have already given away coins, but unfortunately no one has become rich with it :-) Great shout!!!! People have been asking me what do I want for xmas? CROM COINS!!! What a great present that would make  You say unfortunately no one has become rich with it...... the key part of this would be YET  Yeah, hopefully there will be another huge alt rally before the end of the year which will push up the prices of crypto coins. I know bitcoin has been rallying to all time highs for the last couple of months, but there has to be a day when good alt coins increase in value. If CROM is released during or just before the next alt rally that would be amazing, just imagine how much the tokens would be worth. But I guess we will have to wait and see how the markets perform. Fingers crossed something happens soon in the alt coin world. Thats it, all the new money in bitcoin comes from many new investors. It is just a matter of time when they see the chances of an altcoin investment, especially such new projects like crom with a big potencial to grow. Hopefully after the new investors in bitcoin have found out about Alt Coins we will see millions flood the markets. The markets aren't looking that great at the moment because I think people have sold their alt's down to btc so they can make gains and then buy back the alts at a lower price after btc has increased. Thats why I think CROM should be upping its advertising because this is a great opportunity and they need to make the most of it! |
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I like the amount of posts and articles you guys write about the project. I also watched the Facebook Live video the other day which I was very impressed with. It is a brilliant way of interacting with investors and supporters and keeping people updated. Keep up the good work devs! I've seen your name "Cryptossi" in tracker sheet!! Let's go go go! Yeah man I really like this project so I'm trying to get involved as much as possible! Can't wait for the main token sale so I can buy some Medi! |
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so is a 25% bonus for the first phase of the ICO now confirmed and how long will it be available?
Pre-Ico with 25% discount is still running 9 days. Then the Public Ico starts without Bonus. Here from the Ann thread: Distribution: 2.0m tokens during a pre-ICO to early investors with a 25% bonus. 4.0m tokens during the public ICO at nominal rate. ICO time and duration: The ICO will start Dec 01, 2017, 12:00 GMT and last for 14 days or until all CROM tokens are sold – whichever happens earlier. The pre-ICO will start Nov 17, 2017, 12:00 GMT and will last for 14 days. Too bad the ICO is right before Christmas, people usually spend all their money around this time of the year. Maybe they should give a Christmas bonus Christmas is a good time. What speaks against good coins as a Christmas present :-) Have already given away coins, but unfortunately no one has become rich with it :-) Great shout!!!! People have been asking me what do I want for xmas? CROM COINS!!! What a great present that would make You say unfortunately no one has become rich with it...... the key part of this would be YET Yeah, hopefully there will be another huge alt rally before the end of the year which will push up the prices of crypto coins. I know bitcoin has been rallying to all time highs for the last couple of months, but there has to be a day when good alt coins increase in value. If CROM is released during or just before the next alt rally that would be amazing, just imagine how much the tokens would be worth. But I guess we will have to wait and see how the markets perform. Fingers crossed something happens soon in the alt coin world. |
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I like the amount of posts and articles you guys write about the project. I also watched the Facebook Live video the other day which I was very impressed with. It is a brilliant way of interacting with investors and supporters and keeping people updated. Keep up the good work devs! |
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Another question;
''CROM token holders paying for transactions can diminish this fee substantially, thereby saving costs. Moreover, CROM token holders receiving transactions
can earn bonuses on transactions. Thus, all parties in the marketing ecosystem profit from holding token, this creates demand and a lasting speculative value for investors.''
What kind of profit do you get by holding the CROM token?
That's an interesting question. I would like to find out the answer to that too. If the devs/team could help out. One interpretation could be that CROM are referring to a POS or Masternode style coin where you can earn extra tokens for holding them in a CROM token wallet. Another interpretation is that the token earns a dividend or you get paid for holding coins and helping in a transaction. Or it could mean that you get discounted fees for transactions by holding more tokens. So if you're regularly using CROM tokens for paying out for digital advertising services then it works out better to hold a larger amount initially. It could mean something else entirely  |
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Will your token be a highly volatile currency?
Yep, just look at this project. Experienced team, great ICO company, advertisement giants have already revealed interest to CROM. If I understand correctly, the price will always rising! In general crypto currencies are highly volatile. Be it bitcoin, any other coins or any tokens. Some turns are 100+ % up or down in a single day. Given the ATTRACTIVE business and roadmap of CROM, the volatality should be less after initial days. also take into account the pricing of CROM, with 10m supply and 3,5 dollar value it makes the project have an value of around 35m. Still somewhat on the low side and thus huge potential to grow. Also the bonusses are more limited in the CROM sale which should limit the free coin dump at the start of listing Limited bonuses will have advantage as well as disadvantage. When ICO is successsful and CROM's strategy is implemented in a right way, then CROM will give huge profit to its investors. Given the experience team of the CROM and its nature of getting into lots of partnership contracts, any targets on their raodmap is achievable. Yeah the bonuses will have an advantage because you could argue that some people will only invest because of the 25% bonus, due to the nature of the ICO market. However, it can cause the coin to crash in price when it gets listed because people, will move their 'bonus' or 'bounty' tokens and dump them for a profit. I saw Vitalik Buterin (co-founder of Ethereum) put up a tweet the other day saying that he disagrees that projects should offer bonuses during their ICO's because they dont understand 'the egalitarian spirit of crypto'. Which to me is a load of crap, I think bonuses are a great way of attracting new investors especially when it's a legit project like CROMHub . once again i agree. Bonusses are a great way to attract investors. but the 25% is pretty modest compared to most ICO's where they offer 40% or even more, those bonus structures cause a big dip after listing. thats why im pretty optimistic about the 25% bonus. I'm not sure, I think the biggest bonus I've received from an ICO is 25% and that was from the Change Coin (CAG) main sale. At the time it seemed a bit too high to me, don't get me wrong it was great getting all the extra tokens for free, but I didn't really feel like I earned that bonus. They were also offering up to 35% for the pre-ICO and it did work incredibly well for them, they raised around $17.5M USD in total and they ran the token sale for about a month. It would be amazing if CROM could reach a similar level, I think with a bit more input from the marketing/advertising team with regard to facebook/twitter/youtube adverts and posts we could potentially reach it. I would like to see a counter on the home page showing how much has been invested, that would be great and makes the project very transparent to it's investors. |
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Will your token be a highly volatile currency?
Yep, just look at this project. Experienced team, great ICO company, advertisement giants have already revealed interest to CROM. If I understand correctly, the price will always rising! In general crypto currencies are highly volatile. Be it bitcoin, any other coins or any tokens. Some turns are 100+ % up or down in a single day. Given the ATTRACTIVE business and roadmap of CROM, the volatality should be less after initial days. also take into account the pricing of CROM, with 10m supply and 3,5 dollar value it makes the project have an value of around 35m. Still somewhat on the low side and thus huge potential to grow. Also the bonusses are more limited in the CROM sale which should limit the free coin dump at the start of listing Limited bonuses will have advantage as well as disadvantage. When ICO is successsful and CROM's strategy is implemented in a right way, then CROM will give huge profit to its investors. Given the experience team of the CROM and its nature of getting into lots of partnership contracts, any targets on their raodmap is achievable. Yeah the bonuses will have an advantage because you could argue that some people will only invest because of the 25% bonus, due to the nature of the ICO market. However, it can cause the coin to crash in price when it gets listed because people, will move their 'bonus' or 'bounty' tokens and dump them for a profit. I saw Vitalik Buterin (co-founder of Ethereum) put up a tweet the other day saying that he disagrees that projects should offer bonuses during their ICO's because they dont understand 'the egalitarian spirit of crypto'. Which to me is a load of crap, I think bonuses are a great way of attracting new investors especially when it's a legit project like CROMHub . |
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