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1. deadline is fixed.
2. price is fixed in each stage.
Here assume to encourage early adoption, buy in early stage will get a lower price.
To be easy, 1M coins as a batch. every buyer must buy 1M *n coins, where n is a integer.
3. When coins are sold out OR deadline reached, presale is finished.
4. For the scenario that when deadline reached, there are still some coins left unsold, then they will be distributed evenly to every buyer.
1) The pre-sale end date is July 30th, 4 weeks after the start. 2) Price is fixed indeed, there is a linearly decreasing bonus to motivate early buyers. 3) and 4) Crypti's will be divided among all the buyers at the pre-sale end. To help buyers see how much Crypti they will hold, there will be a public anonymous ledger, showing Crypti addresses and their holdings. |
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Interested if Anon136 is the escrow
Anon no longer does escrows, we are talking with other known escrow providers. |
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Now putting things into perspective here:
15% for devs --> Agreed! for their hard work
75% as an initial distribution to get people involved + develop the coin further --> Agreed! need to further the coin
10% as development fund ---> Why is this required??? This seems unnecessary. If development team is already being paid as 15% of the coin and 75% of the distribution money.
Thanks for your suggestion, we are discussing this matter and will consider what you said as well. Please note that received funds will not go straight to the developers - they will be placed in a publicly viewable wallet, and will be controlled by Crypti foundation, which will also include members of the community. We will post a separate foundation document towards the pre-sale start. |
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Will you be emailing out information about this to the ones that signed up on the website? Wouldn't want to miss out on the pre-sale if I don't happen to read the altcoin section that day.
Yes, we will send invitations to everyone who have signed up. |
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BTW the idea behind this coin looks really good. We'll see if it will be a real coin or just yet another vaporware with a huge pre-sale.
This is exactly why we will start pre-sale only after a beta is available, so the potential buyers could experience Crypti and see it's a real product. |
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how to be a initial investor.
More detail will be published towards the pre-sale start. |
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Will the IPO coins be sold in "Shares" or will it be first in best dressed with as much BTC as you want to invest ?
There won't be a limit on amount of BTC, the issued Crypti will be distributed according to the relative amount sent by each buyer. |
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looks very good, can i believe you?  Check out the full team list in the OP, there are real-life details there, including of the project lead developer. |
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Would you summarize the main goal of the project as the creation of a decentralized ebay of sorts? Do you see the project mainly focusing on a decentralized market place of goods? Or is there also a desire to move to a decentralized exchange of financial assets as well?
Thanks for your time,
This is a great question - if a custom chain can be built, that will support escrows and handle possible disputes (milti-sigs with human arbitrators?), Crypti can indeed become a viable contender to the online marke-placet space. I'd add your post to our ideas list - keep them coming! |
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SyRenity and Grexx you're doing a great job so far.
Indeed its nobody business telling you guys what to do with your 15%, however its a common practice in any other Start-Up foundation to put a temporary "Lock" on the initial founders share in order to prevent them from selling out too quickly and stop their efforts.
have you considered implementing any such thing? it may help you gain a lot more credibility and make those 15% much more bearable.
Thanks for the kind words. You probably mean vesting and cliff strategy used with VC funds, that said I'm not sure how this approach can be enforceable in the crypto environment, especially with pre-sale factor. Moreover, note that while many other IPO's end up with devs taking all the BTC funds for their own use (and often disappearing afterwards), here the raised funds will be actually managed by foundation, dedicated to continuous development and improvement of Crypti. This fact justifies giving a chunk of Crypti (like a stock?) to founders and investors who took the initial risk of building the new crypto-tech, moreover that the value of this chunk will be directly related to their efforts to Crypti success. If you look at other recent high profile pre-sales (Maidsafe, Sia, Swarm that going on right now), the amount of % kept at the founders / investors hands is actually quite reasonable. That said we are very welcome such suggestions, and will consider every rational idea raised. |
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The founder must be identified on Crypti as the creator of the network. The identification block includes: Crypti Address of the custom network founder
Name of the custom network
Public key for the founding Crypti address
Transaction fee amount, ranging from 0 to 100%, at the discretion of the founder
The founder then signs the hash of this information with his private key. This completes the creation of a custom network. What the mean of identified, who to identified? Is it too centralized? The meaning is ownership - the process of creation of a custom blockchain, includes creation of ownership record of this new custom chain in Crypti main chain. This ownership naturally can be fully anonymous, as it just uses creator main chain address (quite similar to asset owner in NXT). We will clarify the white-paper a bit, thanks for the notice. |
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Goto Sham Shui Po MTR station and look for the Golden Computer Center got a good selection of various gadgets peripherals and pc stuff. Also you can try to barter with them since all shops have similar products. I dunno if they accept btc haven't been there for some time.
Thanks  . Also got recommendations from others to go there. |
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how to join the ipo ? We will post details in OP and on Crypti site ( http://crypti.me/) towards the pre-sale start. |
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SO, 2 weeks to wait for this new coin. As they say, "good things come to those who wait" . The future pre-sale date is because we want to give the community a working beta, so the community could actually experience Crypti before investing. |
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75% pre sale : crypti to BTC ==> creators
Please see the OP again regarding how the received BTC will be used: Pre-sale funds usage
The raised funds will be set aside for the post-launch development of Crypti. It will be kept in a public account so all transactions could be monitored. It will cover the following:
Ongoing R&D of new capabilities and features
Marketing / Exposure
Refinement of the Wallet, Website, & Exchange
Bounties & Gifts to support the community
Other post-launch related expansion as necessary |
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Also, this "whitepaper" is not really a white paper at all - the term is being thrown around alot in these forums these days. I see almost no way to evaluate the strength of this protocol on what is provided here.
The technical section is deliberately withheld at the moment, and will be added to the white-paper towards the pre-sale start. |
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Name a coin with 15% premine and succeeded? Even 2 or 3% is considered bad and you are setting aside 15%  +1 I dont understand. The team easy can use 5-15% of the IPO as payment for development/design. Thanks for your remarks, we will discuss them within the team. |
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Why did you close the original thread and opened now a self moderated one?
There was no trolling, nothing, no reason to do it.
We wanted to keep pre-ANN and ANN cleanly separated, that said you do have a point here and we will consider it next time. |
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Seems like you're off to a good start!  Thanks . |
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Sorry to write that, mate, but no source code on launch, self moferated topic and initial IPO with 100% premine is just something I would avoid.
* Source code will provided on quarterly fashion, this is done in order to give Crypti early-to-market advantage against copy/paste clones. NXT, Qora to name a few, are also doing this for exactly the same reasons. * Self-moderated is only to prevent excessive trolling attacks and keep the thread clean, we will use it only in rarest occasion. All non-moderated history can be always read here: https://bitcointa.lk/threads/ann-crypti-release-june-100-pos-new-source.329670/* The 100% "pre-mine" will be immediately distributed to the investors, following the pre-sale end, exactly as it was done on other PoS cryptos before. |
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