All I asked was "has there ever been a single successful ipo coin to date" which I think is a perfectly relevant question and will determine whether I invest or not yet the OP feels threatened by it enough to delete it with out answering? Something doesn't feel right
NXT? |
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NXT was lightning in a bottle and it's value went up 46x the IPO price almost immediately after launch. Because each of the 21 investors maintained SO much of the currency at launch, their personal wealth at that point skyrocketed. Millionaires were supposedly made in the NXT launch so I don't think they can be used as an example for any other launch. Something like that is very unlikely to happen again.
There were actually 73 as far as I remember, that said a core group out of these IPO investors has left their day jobs and focused on making NXT one of the leading crypto's as it is now. We do not expect our pre-sale participants to do the same, hence the raised funds need to suffice for a full-time team dedicated to this cause. |
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Got confirmation page (not email), is this ok?
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As your NXT account holds the NEMStake asset you can either send it back to the issuer account at time of launch to claim your NEM OR trade it or part of it for NXT should you wish to do so. However holders of NXT AE NEMStake might be included in NEMESIS after all which means your account is fully vested from day one. After talking to gimre, it looks like NXT AE NEMstake will be in NEMESIS after all.
Just to clarify, if I want to ensure being in genesis block from the start, I should have it in NEMstake form on AE? |
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Quick question, if I have the original stake, is there any reason to convert it to NXT (if I'm not looking to trade at the moment), or I can just leave it for future NEM distribution?
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Its a only a software , but you want too much.
wow,500 BTC,great
Again, it's only a sliding scale to ensure the development team has enough funds (either in form of Crypti or in form of BTC, or both) to fulfill it's commitment to the buyers. Moreover, you welcome to check the recent innovative crypto pre-sales (Qora and FIMKrypto for example) and see how much they have raised. |
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What's the rush to launch? I'm sure everybody invested would rather know the codebase is secure and reviewed by multiple people before launch. Get it on testnet, have it reviewed, used, get the bugs out, and then launch.
This has to be decided by the investors community voting, due to the understandable wish to start trading Crypti soon. |
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I am still concerned that it could be a centralized client - server model as it is closed source. They need to do a third party audit of the code to gain my and other potential investors trust.
We are talking with several code auditors known to the community, and will announce once we have chosen one. A slight correction to Gregxx post, while we striving to have the code reviewed during the pre-sale, due to rapid changes done to the code at the moment, we may start the auditing once the mainnet part finished and has been launched. |
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So even with all the talk about discussing the initial distribution nothing has changed. 4 days to go, we still are at the same distribution. I guess the signs of things to come (read the uni-direction of the coin to what devs decide). I am wondering even if the community vote will count.
Please see the update here: https://bitcointalk.org/index.php?topic=654463.msg7572817#msg7572817Will be soon updated in thread Op and whitepaper. |
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i am suspicious because:
1) they ask for money way up front, prior to proven development
2) the dev, "crtpti", is a newby log on. Likely a new posting ID from someone who launched other schemes here. See STACKcoin. Also, see CryptoMeth, where the dev has been AWOL ever since a huge dump of coins immediately after listing on MintPal.
3) They profess to be able to get merchants to use their coin... but BTC already has that market in development. The merchant market is still very small, and will be for at least 2 more years. Merchants have no need to accept BTC, since credit cards, debit cards, Paypal and cash work so well. Merchants dont have time to convert cryptocoins to cash. Until it is as easy and idiotproof to transact in BTC as it is in Credit Cards, merchants will not use any cryptocoin.
4) transactions have to be confirmed, by miners. With half of the coins premined, there is little incentive for miners to mine. Unless there are miners, there are no confirms and no transactions completed. This is the problem with Quark. All coins have been mined, so transactions have to be confirmed by those willing to use their rig for a few Quarktoshi per confirmation.
1) Beta will up together with the pre-sale start. 2) Most of the team members have revealed their details, feel free to Google for Boris Povod. 3) We aware of these challenges (some of team members have extensive merchant experience of multi-MM sales), and we plan to introduce attractive solutions to merchants, giving them incentive to try Crypti. 4) There will be 15% allocated to developers, plus 10% based on amount of received BTC, which is quite far from "half premined" Crypti. |
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E.g. 30 June IPO & beta launch ---> 30 July IPO end & Main Net launch ---> ?
Is the second step correct? Also, do you have any exchange, merchants or services planned for immediately after the launch of the main net?
We will do our best to reach this 2nd milestone, that said it pending testing. In any case, the funds will be at Escrow hands until the mainnet is launched. We are working to have an exchange ready close to mainnet launch, and also in contacts with potential merchants. |
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When the pre-sale will begin?
00:00:00 June 30th UTC??
We will announce soon the exact date both here and via emails (to these who left their email addresses on crypti.me). |
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Crypti is a new crypto-currency designed from the ground up to solve the biggest problem with other currencies - lack of purchase motivation.
So, 'splain how you are going to encourage purchase motivation?
Please see the white-paper, where the reasons beyond that and suggested solution are explained: https://github.com/crypti/whitepaper |
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Any details about the escrow?
Maxmint will be providing the escrow for Crypti pre-sale. |
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These are big news indeed - on the same level as the btct.co shutdown started the distributed exchange (dex) race we seen now with all the 2nd gen crypto. Cha has a good chance here to be the lead in distributed betting (dbet?). |
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Why not set different percentage for devs that depends on amount of IPO. For example, if ipo collects 100 btc devs get 15%, if 200 10%, if 300 5%. And another question, I think would be better to give more earlier investor. Start with 60-90% and decrease 2-3% every day. That would be really great.  This is a good suggestion, and we are discussing it as well. |
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So not limit btc per investor?
Indeed. |
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