I have a proposal on how to greatly improve the ICO to the benefit of all sides.
As was pointed out before, there is an inconsistency between the funding and receiving side. Buyers are putting money in in order to buy the currency (ehrm I mean donate to foundation), while the receiving side of the money is a loosely connected company (the DLS) receiving an investment and its founders getting a cash reward. So, in fact, total misalignment.
There is a simple remedy I have not seen proposed anywhere yet.
Put a cap on the money, but not on the whole ICO. Cap the money the DLS and founders will get. The DLS should know quite well what investment they need to run the business and that should be the cap.
Any money raised above the cap would become backing assets of Tezos, like in a DAO, under control of the shareholders.
As a result: 1) DLS and founders will not be over-financed by some ridiculous amount of money, they will get some ideal amount of $. 2) The ICO money will go where it should go by the buyers intention - into the currency. 3) Being backed by solid assets, Tezos will start much stronger and will have a real value. 4) Tezos will have its own funds for development. It will not be solely dependant on a technically totally unrelated DLS. 5) Investors will be incomparably more confident to invest when good part of the invested money will stay stored in Tezos.
This structure of the ICO would benefit everybody over the current model. Except for the founders who are looking at their uncapped cash. But I believe they would, in the end, benefit too.
Thoughts? Tezos team - if you don't like this option, can you please explain why?
Just look at tho ICO of Lykke. They are the most fair to their investors. Lykke not only represents a currency that can be used on their platform, but also make you a shareholder in the business entity. The team has the right to select the way to ICO. But the investors have the right to put their money in or not. Tezos has a good concept. But the future of cryptocurrency doesn't belong to ONE coin. We have also other good candidates to invest. That's it.
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He will not show up here anymore A considerable amount of time has passed The project has ended uhmmm yeah.. look at that , more than 1 milion coins sold. actually it's not really ended,because he's still selling his coin that cheap. and look at this thread name --> 7 june - Join us for the Airdrop Now <-- what does that mean ? it mean,he'll sell all of his coin until 7 june. but who knows A lot of same scams happened around. If getting scammed, face it, learn a lesson from it, and let it go. Don't hold any expectation on it.
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The TOTAL PHASE 2 CONTRIBUTIONS stop at <11mil CHF, which is just over the half of the cap. It looks that aeternity is not so interesting for most people. As the just finished ICO of BAT, it is over within 5 minutes to get 36mil dollars.
Any plan?
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The pictures for team are damned good. I love them.
You got my trust.
Shut up! and take my money.
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SkoinCoin is a next generation cryptocurrency which aspires to compete with the likes of NXT and MasterCoin. How? With a copy cat of PoS coin? Coin Name: SKOIN, Coin Abbreviation: SKN Coin Type: Pure PoS Initial Coins: 1,000,000,000 Year POS Interest ; 5%
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Qtum has hitted $1000million today. So AE? Qtum has been listed on yunbi.com and bter.com Be cautious about bter.com. I lost several btc there. Me too. I never trust Qtum as the dev is a cheater and the exchange bter is also another cheater.
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Qtum has hitted $1000million today. So AE? Qtum has been listed on yunbi.com and bter.com Can Qtum dare to be listed on a non-Chinese exchange? 1bil dollars cap for Qtum. Chinese can "create" everything. Believers always believe. Good luck. Let's see in the end of this year.
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Leasing brings extra security: Waves can't can't be spent as long ad they are leased Who is everyone using to lease ? Who's the most profitable? I'm using : https://fountainperpetua.com/fpearnings.aspx3PFrn8EHRhjJGEQxYwWKdJcwcsW1XFRJbmz I went with them because they said they pretty much give everything back to leaser? I really don't know the in's and out of the whole leasing thing. I agree also we really need 2fa on the wallet ... WavesLPoS.com has been giving away extra Waves, MRT, and MER tokens on top of fees generated all through May!. Could you please announce each week incoming for each 1000 WAVES? I lease my WAVES to your node and get paid less and less. At first week, I have 0.1 per 1000 WAVES. At second week, it decreased to 0.03. And now it is 0.01.
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Update June 2 - Bittrex and Liqui exchanges initially confirmed listing of MobileGo Ethereum-based token good job!!!! Good. Bittrex and Liquid are both good beginning of MobileGO tokens. For peanuts you can buy some "FUCK YOU" tokens (Identifier: 6z7iU1SpdffzLf8FwAWq8wHYBvvBBosLxx1cNUsSkGfp) and send it back to the issuer of the MGO token (3PGAMEJNzegNApo441VQi3Q8rMP2b9hdKPE) . Good. F*ck all the scammers!
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welldone , feels a lot better now i can see the amount of coins on icosite
Any update where this token be traded aside from DEX? I found on DEX the "MGO | MobileGo". Is it legit? It looks like a scam, as the price is only 1-2satoshi.
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If you think you have a dashboard miscalculation, by all means message me your dashboard email and I will be more than happy to take a look.
Also, our total funds raised are based on timestamp blockchain values, I think people are getting a little confused on the math.
hello, before ddos i had 33800 tokens on my balance, now 32133 only what's wrong? as has been explained a 100 times the team have been carrying out an audit. Some accounts have prob been credited more and some decreased as it was made sure everyone will be paid the correct amount. I never care about the amount in my ico panel as the amount is tiny due to the huge investments. I am not sure how much will the few token worth after being on the exchange.
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Test email - ETT distribution [/b] This is a test email ahead of the distribution of the EncryptoTel Token over the coming week. We have discovered that some people are not receiving our emails, and will use this to check which investors are being omitted from our mailings. If you have received this email, you do not need to take any further action. Also confirm the test email in my inbox. Just sit and wait for the final distribution. Anyway, there are more than 4.4mil dollars if the dev team didn't sell the WAVES, ETH, BTC out after the ICO. DEV team is getting rich!
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Do we still have the free contests this weekend? Free coins time is over? or it is due to the end of season? What's the next?
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I believe, developer appear 6th June ... Wait little... He is ill ...
No hope. He is NOT ill, he is really dead. Say goodbye to him and forget this scam.
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Hey guys, couple brief news items: - A test email will be going out today to investors, so we can see who is still not receiving it.
- The Incent team audit is completed, the ETT team is now auditing. Later today, or early tomorrow, test tokens will be issued and blockswap platform will be thoroughly tested in preparation for distribution. This testing will be done internally. We should be ready to give you the next steps prior to distribution soon.
Thanks for the update. However, do you have an exact schedule for the last distribution? I appreciate all your effort for making all thing work well. But we are also looking forward to having tokens asap.
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Hi,
I think somebody has hacked your platform and turned Wayne Rooney into a 5* player. Please can you look into this urgently and get him back to his deserved 1* rating.
Where are you from? Germany? . 1* Rooney, a good joke.
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token distribution taking it's sweet time Audit team probably using abacus to help them in their computation LOL, this audit thing is looking un-normal, I don't think this should have taken longer like it is, I think this is percuiar to projects on Incent platform, the incent project, Tokes and now ETT took long time before the investors get their hands on their tokens. I think this should be looked into agreed. The long audit is weird. For other ETH tokens, we can get the tokens as soon as the ETH was sent to the contract address.
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This may have been asked but what are the plans of the team to make WAAH tokens vakue go up? I'm curious to know because I have some o these in my waves wallet. Its too good to be true to have large quantity but thanks.
Thank for what? Plan for what? Guys, if you read more than one page in this thread, you can find that this is a total scam like other rubbish WAVEs tokens.
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When STORJ token will be distributed to the investors? I find that there is a lack of communication between the dev team and community.
Is there a slack channel?
I'm not sure, they have answered all important question, and they probably don't have much time to elaborate in personal their project to each members here in this topic. Scroll back few pages, and you can find all answers. https://community.storj.io/homeOk, thanks. I will do my homework. I think anyway they may hire someone for the market and community as they ask for a lot of money from ICO.
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waves platfor should do somethıng about these fake coıns
At the moment Verified tokens have a green tick by them. Also every token has a unique ID which can be checked. WAVES allows tokens having the exactly same name. That sucks. For newbies, this same name can mess thing up. A lot of newbies have been scammed, a lot of them will be scammed.
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