does anyone know if wMGO can be converted in eMGO?
Nope. Some weeks off. Just curious - what's the current ratio of eMGO to wMGO? |
|
|
|
It would prevent a lot of assumptions, turmoil and negative rumors if continuous updates were given.  What you are looking for is on the Monaco Slack channel. Join us there! https://slack.mona.co/ |
|
|
|
great news: if you have the latest app version updated, you should NOW be able to order the new cards, just as promised! Try it out!  http://www.tenx.techIs there any limit for the countries? I want to know that will you provide your cards to all of the countries of the world or it is only for some countries which is supported for the cards. If there is a restrictions for the countries then please provide the list of the supported countries. I want to see that my country is supported or not. List of supported countries for TenX is here: https://www.tenx.tech/fees.htmlCOUNTRIES BANNED FROM RECEIVING / USING TENX CARDS: Afghanistan Algeria American Samoa Angola Antarctica Azerbaijan Bangladesh Belarus Benin Bolivia Bonaire, Sint Eustatius and Saba Botswana Bouvet Island British Indian Ocean Territory Burkina Faso Burundi Cambodia Cameroon Cape Verde Central African Republic Chad Christmas Island Cocos (Keeling) Islands Comoros Congo, Democratic Republic of the Congo, Republic of Cook Islands Cuba Djibouti East Timor Egypt Equatorial Guinea Eritrea Ethiopia Fiji French Polynesia French Southern Territories Gabon Gambia Ghana Guam Guinea Guinea-Bissau Haiti Heard Island And Mcdonald Islands Holy See (Vatican City State) Honduras India Iran Iraq Ivory Coast Kenya Kiribati Korea, Democratic People's Republic of KosovoAfghanistan Algeria American Samoa Angola Antarctica Azerbaijan Bangladesh Belarus Benin Bolivia Bonaire, Sint Eustatius and Saba Botswana Bouvet Island British Indian Ocean Territory Burkina Faso Burundi Cambodia Cameroon Cape Verde Central African Republic Chad Christmas Island Cocos (Keeling) Islands Comoros Congo, Democratic Republic of the Congo, Republic of Cook Islands Cuba Djibouti East Timor Egypt Equatorial Guinea Eritrea Ethiopia Fiji French Polynesia French Southern Territories Gabon Gambia Ghana Guam Guinea Guinea-Bissau Haiti Heard Island And Mcdonald Islands Holy See (Vatican City State) Honduras India Iran Iraq Ivory Coast Kenya Kiribati Korea, Democratic People's Republic of Kosovo Kyrgyzstan Laos Lebanon Lesotho Liberia Libya Macao Madagascar Malawi Mali Marshall Islands Mauritania Mayotte Micronesia, Federated States Of Montserrat Mozambique Myanmar Namibia Nauru Netherlands Antilles New Caledonia Niger Nigeria Niue Norfolk Island Northern Mariana Islands Pakistan Palau Palestine Pitcairn Puerto Rico Rwanda Saint Barthélemy Saint Helena, Ascension And Tristan Da Cunha Saint Pierre And Miquelon Samoa Sao Tome And Principe Senegal Sierra Leone Somalia South Georgia And The South Sandwich Islands South Sudan Sri Lanka Sudan Svalbard And Jan Mayen Swaziland Syria Tajikistan Tanzania Togo Tokelau Tonga Tunisia Turkmenistan Tuvalu Uganda United States United States Minor Outlying Islands Uzbekistan Vanuatu Venezuela Vietnam Virgin Islands, U.s. Wallis And Futuna Western Sahara Yemen Zambia Zimbabwe |
|
|
|
is the pre ico over?
Yes. Public ICO is scheduled for June 24. |
|
|
|
What mechanism will you use to place a value on contributed ERC20 tokens?
It is a live conversion I would appreciate more detail on this. In particular, I would like some way to estimate what value you are going to assign to a block of ERC20 tokens that are sent to your ICO address. For example, in the recent MobileGo ICO, six different coin types were accepted and all donations were timestamped with a value calculated using the BraveNewCoin API. https://bravenewcoin.com/api/digital-currency-tickers/TenX is a multicurrency crypto card. It is not too much to ask for a significant level of detail on how you are going to calculate the values of multiple currencies during the single day that you rake in (another!) $35 million dollars worth of capital. |
|
|
|
|
What mechanism will you use to place a value on contributed ERC20 tokens?
|
|
|
|
I also want clarification on ERC20 tokens.They are still in gray in op graphics. Have investment through them confirmed, can we directly send ERC20 token to ico address?
Actually, ERC20 tokens are not in grey on the OP graphic - only Dash and Ripple are in grey and so "under review". So the OP graphic is saying ERC20 tokens will definitely be accepted.
A specific announcement / discussion would be appreciated on the role in the ICO for ERC20 and ERC23 tokens (which are backward compatible with ERC20, but several prominent smart contracts have still handled them incorrectly in recent weeks). TenX is offering cross-chain compatibility as a major selling point in their product, so they should accept ERC20 and ERC23 in their ICO. |
|
|
|
ico price?
Around $0.75 per MGO. |
|
|
|
While the role of game credits is allowing people to buy games on mobilego market, what is the role of mobilego token? Can someone explain it
MGO will allow smart contract functionality (player to player challenge match gambling with winner take all entry fees, for example) that Gametokens cannot. |
|
|
|
What is the procedure for using ERC20 tokens on the day of crowdsale? You will get the ERC20 2-3 days later because TenX will verify everything first. Sorry, I did not make myself clear. Let me try again. In the last line of the white table in the TenX original post, " Accepted currencies for the ICO", it says that BTC, ETH, and ERC20 tokens will be accepted as payment during the late June public ICO. Are there limits on the kinds or amount of ERC20 tokens that can be donated in the TenX ICO? How will the value of donated ERC20 tokens be determined? Also, is the TenX ICO smart contract going to be set up to handle ECR23 tokens? For example, MobileGo is an ERC23 token, a version of ERC20 that is updated to solve some known issues with standard ERC20 tokens. ERC23 is a standard in ethereum tokens. However, Bittrex is currently having problems in beginning trading on MGO because their smart contracts need to be updated to handle ERC23. Very good question here, I will like to read the team's answers to this questions. i second that, lets see if they address the questions and how they go about their answers. Thanks for your interest in this topic. I have a lot of ERC23 tokens that I would be willing to commit to the public TenX ICO in late June, but only if I know beforehand that the TenX ICO smart contract can handle them. Saying "oops - sorry" ten minutes after the gates are opened on ICO Day is not acceptable. This issue needs to be addressed and totally resolved before the final TenX ICO.Here's some background: https://www.reddit.com/r/EthereumClassic/comments/5ydst4/explanation_of_the_difference_between_erc20_and/https://ethereum.stackexchange.com/questions/17054/erc20-vs-erc223-list-of-differences/17071https://medium.com/@dexaran820/response-to-vitaliks-speech-about-erc-23-ad240a27490fThis issue is especially critical since TenX is presenting themselves as being a universal cross-token solution. To have a ERC23 screw-up on ICO day would be a PR disaster for them. And a final question - will PAY be an ERC20 or an ERC23 token? |
|
|
|
What is the procedure for using ERC20 tokens on the day of crowdsale? You will get the ERC20 2-3 days later because TenX will verify everything first. Sorry, I did not make myself clear. Let me try again. In the last line of the white table in the TenX original post, " Accepted currencies for the ICO", it says that BTC, ETH, and ERC20 tokens will be accepted as payment during the late June public ICO. Are there limits on the kinds or amount of ERC20 tokens that can be donated in the TenX ICO? How will the value of donated ERC20 tokens be determined? Also, is the TenX ICO smart contract going to be set up to handle ECR23 tokens? For example, MobileGo is an ERC23 token, a version of ERC20 that is updated to solve some known issues with standard ERC20 tokens. ERC23 is a standard in ethereum tokens. However, Bittrex is currently having problems in beginning trading on MGO because their smart contracts need to be updated to handle ERC23. |
|
|
|
|
What is the procedure for using ERC20 tokens on the day of crowdsale?
How are you going to avoid accepting more than 100K ETH on the day of the crowdsale, to avoid the overrun that happened to Bancor?
|
|
|
|
Wow, MGO already in top 40 on coinmarketcap. Really exciting stuff  Over $850K day one volume so far JUST ON LIQUI. Under $50K on Waves..... I made the right choice on which single address I put down on my payout form... thats only if the price hits the number u plan on selling on. Is it still $3? I ain't sellin' below $3. |
|
|
|
Wow, MGO already in top 40 on coinmarketcap. Really exciting stuff Over $850K day one volume so far JUST ON LIQUI. Under $50K on Waves..... I made the right choice on which single address I put down on my payout form... |
|
|
|
Many people couldn't invest. I don't see this going down  I don't see it going down, either. I am analyzing this from the standpoint of investing after it hits the exchanges since I didn't have my capital lined up to donate in The Golden Hour. Could be a very good buy with a lot of future upside potential. |
|
|
|
So in summary:
• 20% of your investment went into capitalising the asset you now hold
• 80% of your investment went into capitalising a private company in which you didn't get any shares
Like I say, that's just my understanding of the current equity balance of the ICO. I'm happy to be corrected if wrong.
I think the 20/80 rules only apply to the last 147K ETH that poured into the ICO that was above their intended 250K ETH cap. So I think the correct way to look at it is that (250+0.2*147)/397 = 70% of your donation went into capitalizing an asset you now hold. The remaining 30% went to an unplanned, "ex post facto" fund whose assets you now have no claim over. For the next 2 years this new fund will purchase tokens (at a price that gives zero profit to the public sellers) and give those tokens back to the Bancor Network that issued them. Bancor blog clearly states that 20% of raised ETH goes into reserve, which is ~80K. They crowd sold only 50% of BNT (~40M), the other 40M they gave to themselves. In the end, 80M of BNT is backed by 80K of ETH. At a price of 100 BNT per 1 ETH this means 10% reserve ratio. People, at lest learn times table before you invest into something. OK, let me zero in a little more considering your logic. They intended to take in 250K ETH, they ended up with 397K ETH. As you say, 20% of all ETH goes into reserve so we've got three pots now. In rounded numbers, (a) 0.2 * 397 = 79K ETH for the reserve; (b) 0.8 * 250 = 200K that actually "paid for" 39M BNT distributed to the public; and (c) 0.8 * (397-250) = 118K ETH that goes into an unexpected "post ex facto" fund to buy back public tokens at ICO price and give them to Bancor Network. So the proportion of your donation that actually bought BNT tokens for your own wallet was 200 / 397 = 50.4%. The other 49.6% of your donation went to buy tokens for the Bancor Network - some now in the reserve pool, the rest over the next 2 years during buyback. Final approximate ICO cost for a single purchased BNT token assuming $400 per ETH is thus 200,000 *400 / 39,000,000 = $2.05 per BNT. Bancor's loss of control on how and when to stop the ICO resulted in the percent of your donation actually purchasing tokens FOR YOU slip from the promised 80% to an actual 50.4%. Not a very well run ICO. |
|
|
|
So in summary:
• 20% of your investment went into capitalising the asset you now hold
• 80% of your investment went into capitalising a private company in which you didn't get any shares
Like I say, that's just my understanding of the current equity balance of the ICO. I'm happy to be corrected if wrong.
I think the 20/80 rules only apply to the last 147K ETH that poured into the ICO that was above their intended 250K ETH cap. So I think the correct way to look at it is that (250+0.2*147)/397 = 70% of your donation went into capitalizing an asset you now hold. The remaining 30% went to an unplanned, "ex post facto" fund whose assets you now have no claim over. For the next 2 years this new fund will purchase tokens (at a price that gives zero profit to the public sellers) and give those tokens back to the Bancor Network that issued them. |
|
|
|
Crowdsale for bancor ,can someone reply with the website?
https://bancor.network/I am confused about what the hell just happened in this ICO / TGE. There was a hidden cap. They changed / raised the hidden cap DURING THE EXPECTED ONLY HOUR. People donated after the hidden cap was hit. What was the final hidden cap? How many total ETH were sent to the contract? The people who contributed after the hidden cap was hit, they didn't get tokens, right? But the eth they donated is still locked up in a 20% / 80% contract split for a year? ELI5, please. The cap was not changed/raised, or at least there is no discernible proof that it was as it was hidden until 80% was reached. The first hour was the minimum ICO period, not the expected ICO period. The minimum time for the ICO to run was increased by 2 hours to compensate for network issues during most of the first hour. A good move by Bancor who were having to make a quick decision. [Even if the cap were hit within the first hour, the ICO would have continued until that minimum period elapsed. The fact that they increased the minimum time seems to have displeased some people who have misunderstood * cough Crypt0dude cough*, but imagine the genuine displeasure (had the minimum time not been extended) by the masses who wanted to invest but couldn't due to the network overload.] Everybody who contributed Eth will have received BNT to their wallets. The cap was 250,000Eth and the results of the ICO can be seen on their website: https://bancor.network/fundraiserFriend, you and I have yet to converge on the same reality. https://www.ethnews.com/bancor-token-offering-breaks-140-million"On Bancor's end, via Twitter, the company reported that a massive attack coinciding with the token offering affected its website and application. As a result, the mechanism which the token offering was operating under, a hidden cap, became stuck with another transaction and failed to trigger. In light of the network difficulties, Bancor opted to extend the minimum time for the token offering by approximately three hours, or until the second hidden cap was met, whereupon the offering would end. When the second hidden cap was hit, Bancor had raised 396,720 Ether and sold 79.3 million BNTs, valued at the time of the offering at more than $142 million." Going through out whole things in telegram with devs yesterday, that not what happen. Idk how the author get info?self interpretation or an opinion? There are no second hidden cap. Devs told that the transaction get clogged - lot of ppl still pending the transaction. Ico hidden cap still not reach by 1 hour yet so they open it more for 3 hour. (its not even wrong because the minimum time is 1 hour till max 14days until cap reach) And they try to send the hidden cap stop transaction in the midst of the clogged transaction which result in that it didnt stop,exactly at 250k, and it end after 2.5 hour. Not exactly 3 hour. OK, I stand corrected. There was no "second" hidden cap. The Bancor twitter feed said " the second the hidden cap transaction hits, it will be executed and the token allocation event will end." The word "second" refers to time, not cap messages. So they tried to kill donations at 250K ETH = $100M, but their kill message couldn't get through, so darn, they were forced to accept an additional unwanted 146K ETH and made an extra unintentional $58 million. So in reality, they didn't "extend" the time at all in a "controlled manner" to benefit anybody. They just estimated the system would take a couple of hours to unclog itself before their kill message got through and was accepted by the smart contract. This constitutes a monumental unplanned failure. Everybody should have such problems. They have decided to allocate any proceeds collected in the minimum hour which exceed the hidden cap as follows: 20% will be allocated to the BNT Ether Reserve, to further improve the liquidity of BNT, which increases stability while reducing conversion costs (price slippage) for all. 80% will be locked for two years in a smart contract that will buy back BNT for 0.01 ETH (the initial price) whenever it is available, according to its calculated price. The purchased BNT will be added to the Foundation’s long-term budget, and after a 2-year period, any remaining ETH will be allocated pro-rata according to the “Use of Proceeds” chart in our Token Creation Terms. https://blog.bancor.network/the-community-of-the-currency-9770087fde17That means there will be like 120k eth buy back wall at ico price. Unsatissfy investor can just liquidate if they want
BOTTOM LINE:
Before this mess is over, the Bancor Network could end up holding 65% of the tokens they have just issued to go along with the $100M they had hoped to raise in the first place. |
|
|
|
Crowdsale for bancor ,can someone reply with the website?
https://bancor.network/I am confused about what the hell just happened in this ICO / TGE. There was a hidden cap. They changed / raised the hidden cap DURING THE EXPECTED ONLY HOUR. People donated after the hidden cap was hit. What was the final hidden cap? How many total ETH were sent to the contract? The people who contributed after the hidden cap was hit, they didn't get tokens, right? But the eth they donated is still locked up in a 20% / 80% contract split for a year? ELI5, please. The cap was not changed/raised, or at least there is no discernible proof that it was as it was hidden until 80% was reached. The first hour was the minimum ICO period, not the expected ICO period. The minimum time for the ICO to run was increased by 2 hours to compensate for network issues during most of the first hour. A good move by Bancor who were having to make a quick decision. [Even if the cap were hit within the first hour, the ICO would have continued until that minimum period elapsed. The fact that they increased the minimum time seems to have displeased some people who have misunderstood * cough Crypt0dude cough*, but imagine the genuine displeasure (had the minimum time not been extended) by the masses who wanted to invest but couldn't due to the network overload.] Everybody who contributed Eth will have received BNT to their wallets. The cap was 250,000Eth and the results of the ICO can be seen on their website: https://bancor.network/fundraiserFriend, you and I have yet to converge on the same reality. https://www.ethnews.com/bancor-token-offering-breaks-140-million"On Bancor's end, via Twitter, the company reported that a massive attack coinciding with the token offering affected its website and application. As a result, the mechanism which the token offering was operating under, a hidden cap, became stuck with another transaction and failed to trigger. In light of the network difficulties, Bancor opted to extend the minimum time for the token offering by approximately three hours, or until the second hidden cap was met, whereupon the offering would end. When the second hidden cap was hit, Bancor had raised 396,720 Ether and sold 79.3 million BNTs, valued at the time of the offering at more than $142 million." Going through out whole things in telegram with devs yesterday, that not what happen. Idk how the author get info?self interpretation or an opinion? There are no second hidden cap. Devs told that the transaction get clogged - lot of ppl still pending the transaction. Ico hidden cap still not reach by 1 hour yet so they open it more for 3 hour. (its not even wrong because the minimum time is 1 hour till max 14days until cap reach) And they try to send the hidden cap stop transaction in the midst of the clogged transaction which result in that it didnt stop,exactly at 250k, and it end after 2.5 hour. Not exactly 3 hour. OK, I stand corrected. There was no "second" hidden cap. The Bancor twitter feed said " the second the hidden cap transaction hits, it will be executed and the token allocation event will end." The word "second" refers to time, not cap messages. So they tried to kill donations at 250K ETH = $100M, but their kill message couldn't get through, so darn, they were forced to accept an additional unwanted 146K ETH and made an extra unintentional $58 million. So in reality, they didn't "extend" the time at all in a "controlled manner" to benefit anybody. They just estimated the system would take a couple of hours to unclog itself before their kill message got through and was accepted by the smart contract. This constitutes a monumental unplanned failure. Everybody should have such problems. |
|
|
|
|
Show Posts
