Glad I got outa this sinking ship, word of advise checkout bitswift for real currency innovation. Very impressive!

So are we voting in-thread here?

if so,

I vote for 1,000,000 coins going to Majika.

If that flops,

I vote for 600,000 (5%) coins going to Majika.

Any less I feel is a big mistake, and severely under funding the guy in charge of making our portfolio go up...

Development-Fund Voting

First of, this request was not made by Majika.
This was made by a community member, and alot of people supported it. (Link to request)

From the coinswap between Aero and AeroME, 100% of the total supply will orginally go to the holders.
However, it is suggested to give the developer a cut of those 12 million coins.

This is to give Majika (developer) more funds towards developing and also giving him a little more motivation after the big IPO mistake.

Please vote for the amount you wish Majika should receive. There is also an option for not giving this fund, if you dont wish to do so.

Developer Updates on ANN

ANN has been cleaned up a little, and links to the latest updates from Dev has been added at the bottom.
Easier to find for those who dont read this thread all the time.

Sidenote from me

I think we will come out stronger then ever from this.
People realize that it was just a badly timed move, and there was no attempt to get money in pocket.

Things are looking very positive from here. ATM deal still in the works, price moving upwards and AeroME in reach.

Yes,dev or escrow .4.4 mill for ATM-s

How about this.7,13mill for holders.500-600k for dev.Rest of coin-make sell wall at 10k and we have CFC all the time.

250k is fair premine of the 12mill

Or we will get SCAM coin post again.

Dear Aero Community

It pains me to see all the issues which i have caused, albeit for whatever perceived good intentions or reasons they were, its still pain which I have caused.
I have let you down. I have lost your confidence and i have lost your trust.
This is/has truly not been my intention. I would very much like to put this whole "mess" right. But in-order for me to be able to do this to the best of my
ability I need your help.

I apologize for the way this all turned out, and I admit that it was a badly decision by me.
Trust is the most important thing, and all I want right now is to restore your trust in me.

The crowdfunding campaign was created because a friend of mine owns 1,500 ATMs, and I had the opportunity to get Aero used on those with the proper funding.
after watching a new coin with similar white paper as aero get 2000btc with out single line of code..i got overly excited.
The huge detail I forgot was that the community had been waiting for a product almost 4 months.
When you are so close to things like I am, it's easy to get caught up in things and not see the reality of it all.

Therefore I am closing down the IPO.
The funding will not happen, and ATM's will not be a reality right now.
However, myself and the team are working on ways to get funding without asking the community.
Meetings with different investors has been set up, and we will try our best to make it a reality.

I need to know what you all think is the best way to proceed. I only want what is best for you all, I always have and I always will !

However, I have a problem which i hope you all take on-board and that is the new blockchain which was planned to take over the role from the
AERO block chain is superior in terms of its spec for the AeroME platform.
 
If this means doing a coin swap at a new ratio or whatever ratio you guys decide, its the new AeroME (AM) blockchain which will help me to continue
my work best.


Ideally this is what best should happen

Coinswap will happen on the 20th december, at bittrex.
All 12 million coins will go to the Aero holders. Meaning a ratio of 1:1.66 (1 Aero gets you 1.66 AM).
The coinswap has to be done due to some technical desisions which were briefly explained above. However, The updated AeroME coin (AM)
has been developed with some included "hooks" for my calls to the blockchain which AeroME platform will leverage. These API calls are needed
 for the platform to carry out blockchain operations from within the AeroME platform GUI. These has been a number of improvements in way
the nodes have been setup and have deployed DNS SEED techniques which have a much higher degree of reliability and flexibility than the
previous AERO daemon/network

However, If a consensus cannot be made on how best to proceed, I will do whatever it takes to make this right.

It was just me being overzealous and eager to get us something which was really special and above and beyond all our expectations.

This is still my goal "to give you something special" and if this means "we" have to revisit this ipo again at some other date I will ensure i am able to
include you all in the decision making process.

Please Always remember I have done what i done with only the best intentions. I truly did not mean to cause you harm and distress.

Finally, I have re-instigated a dialogue with the Bittrex team to see the options available regarding time frames for decisions on any corrections which
will be made. And to see what new terms (if any) will need to be agreed upon. 

The last thing I wanted was to be looked at like a scammer, and it makes me feel horrible that some people belive that.
I will do my best to restore your faith in me, and the first thing I am gonna do to accomplish that is releasing AeroME.
The coinswap needs to happen first, but after it I will publish an announcement on the release and KryptoLyding will start of a twitter campaign to create
awareness.

If you have any concerns or question, please join us in Slack.
You will find an Aero room there witch is where all the aeroteam members hang out on, and will be happy to help you out.

Finally,  I did not have anything to do with any price changes in the run up to this ipo announcement, this would have been counter intuitive in respect to the terms which myself and the bittrex team were negotiating at the time. Furthermore The Bittrex Team are very stringent on what i could and could not do. The guys over in Bittrex are all fair and also mindful about issues such as these. Please understand Bittrex team pointed out a number of issues which I was expected to face and they were right.



Hi thoridan
Yes, There will be a complete external and independent peer review corried out on said platform.
in regards to the possibilities of future IPO/funding scheme we will ALL need to discuss options and best methods to reach satisfactory outcome.




Respectfully,

Majika

Majika / Community,

I have a counter proposal..

(I have not spoken to Majika about this yet, though I talked it over in the slack group.)

I will post the convo below, but here it is in short.

Majika has worked very hard on this project for 5+ months. There have been LOTS of expenditures involved that remain invisible to most of you because Majika simply doesn't want to ask for funds from all of you ever time he has to pay for server costs.. components for AeroME.. FOOD.. etc.. As far as I know Majika is doing this full time for us. That tiny ass Aero pre-mine from 6 months ago? Yeah forget that, blown out of the water long time ago with expenses. He of course must hold some Aero still.. but it keeps shrinking with every expense. The CFC was one solution to this issue, but as we all immediately saw it wasn't a very good one. I personally feel it's very important for a developer to be heavily invested in his own project.. this keeps his desire for his work to move the price up strong, his spirits high, and his dedication steadfast.

Given this..

I move that we allow Majika to keep 1 MIL of the new coins for development funds, bills, food, motivation, keeping his spirits up, and quite frankly to show him that we give a shit about the 6 months of effort he's dedicated to this project for us. The rest of the coins would be distributed to the holders at whatever ratio that would be. While the CFC wasn't quite the right solution.. this solves the problem without us having to take a loss or pitch in more money into a CFC. And most importantly.. it reinforces the same burning desire we all have to see the price of aero blow a big hole through the moon!

Again.. Majika has yet to see this idea.. I'm sure he will when he logs in next.. I would personally really love to see this happen... I think it's a fair solution for all. thoughts?

----


sinking-boat [10:41 PM]
Kirk . . .

sinking-boat [10:42 PM]
Can we hire a much pro-designers for AEROME?

iam_crypto [10:44 PM]
With what funds? :disappointed: That leads me to something I was thinking about:

sinking-boat [10:44 PM]
Atleast bounty for best logo and OP

iam_crypto [10:44 PM]
Since we aren't doing CFC:

sinking-boat [10:45 PM]
Some total revamp's needed.

sinking-boat [10:46 PM]
Thats why i propose for a visual treat (edited)

iam_crypto [10:49 PM]
Majika has put a lot of hard work into this.. full time for like 5 months not getting paid.. not even focusing on his bills and food etc.. there are development costs.. and I'm pretty sure the 50,000 Aero premine has been used up a long time ago. IDK how much he even holds at this point with expenditures. Which means his primaary reason for doing this for us is because his name is on it right? Personally I prefer a coin where the dev is heavily invested, that way he has a reason to work hard trying to make the price go up, and has high spirits.. I was thinking maybe we should ask the community how they feel about a premine of the new coin for him instead of a CFC. like let him use 1 of the 12 mil towards server costs.. dev funds.. etc.. Puts his spirits way up after this.. shows him the community doesn't expect him to slave over this for nothing so they can get rich without ever helping, gets him really encouraged to do a damn good job.. etc..

iam_crypto [10:49 PM]
I'm sure he hold some aero ofc, just I think he's been forced to spend a lot of it..

iam_crypto [10:49 PM]
the CFC would have helped with that

iam_crypto [10:49 PM]
thoughts?

iam_crypto [10:50 PM]
i have not spoken to majikaa about this btw... (edited)

sinking-boat [10:50 PM]
This is a way better than IPO.

iam_crypto [10:50 PM]
It seems reasonable right?

sinking-boat [10:50 PM]
ofcourse

iam_crypto [10:50 PM]
and none of us have to pay.. situation solved on all fronts..

sinking-boat [10:50 PM]
How about 1 million premine

iam_crypto [10:50 PM]
that's exactly what I was thinking :simple_smile:

iam_crypto [10:51 PM]
ok..

iam_crypto [10:51 PM]
Majika doesn't know about this yet, but I'm thinking I will make a post about it in the thread

iam_crypto [10:51 PM]
See how people feel

iam_crypto [10:51 PM]
hopinf they agree

iam_crypto [10:51 PM]
we need a dev with the capabilities to do his work, and the high spirits to want to work hard..

sinking-boat [10:51 PM]
THis could bring a much more confidence among the investors, as its a win-win situation for both the dev and the community. (edited)

iam_crypto [10:52 PM]
it wont be enough for the ATM's.. but there are still lots of other funds involved..

iam_crypto [10:52 PM]
Glad you think so

iam_crypto [10:52 PM]
I think this is important.. was worried it'd get immediately shot down.

iam_crypto [10:52 PM]
ok, I'll make a post in the thread.

sinking-boat [10:52 PM]
Premine by a trusted dev is acceptable

ok guys make a simple.... this is SCAM or NOT  

With 76,09 percent less of the coin supply, guess what... 2 days ago price was over 4k sats, no great deal.

ATM's ?

Even Bitcoin ATM's are completely useless, gimmicks.

Aero community,

Several points need to be clarified, which will help explain why this crowdfunding is happening. Its not just AEROME which requires funding, it’s the services which the platform will integrate that requires it. Funding in the form of FIAT backing. This is where the cost lays. I completely understand your frustrations, dissatisfaction, skepticism, annoyance, delays, & anxiety about your own personal funds that have been put into a project and suddenly have the rules changed.

However, it's these rule changes which which MUST occur in order for the full AeroME vision to become a reality.

I have come to the realization that some things just cannot be kept in the dark for protection with all your feedback, and thus I have decided to share with all of you exactly why I have decided to take such an unexpected path.

What will this money be used for?

Firstly it will help finish the final portion of dev work for AeroME. There is not much work left to be done, however more hands will be needed as we embark upon the planned growth that the crowdfund is intended to drive. Dominantly its for services such as the great work BC has done with coinkite. But different. How much do you think it costs to get us on ATM networks? Yes, we will be tapping into the ATM market for real world usage application. I want to be clear that these funds are NOT going towards lining my pocket to finish 20% of AeroME. Nearly all are to be used as investment towards larger deals that I have been unable to speak of till now, that I feel will significantly increase the value of our Aero community. If there was another way to raise these funds I would have done it by now. Not to line my pockets, but to tap into massive markets, these are the kind of take up rates which are huge! To have a platform which works across multiple platforms, a single device to enabling communications in an encrypted and secure way. I was responsible for extremely similar platforms in my previous Real world career for a communications dept. I specialized in VoIP/SIP gateways. That's is what i used to do, I can make this a reality!

Mitch, I to am a man of my word. This is not for my personal wealth i will allocate a small living wage for my 6 months and continuing dedicated time and effort (a complete breakdown of suggested salaries will be made public). These IPO funds are for the progression of AeroME. I will need every single bit raised to get my plans finished and out the door. What i would like to see is when in AeroME is in continuous profit, that i can have a salary along side all of the early investors gaining their due profits. Also, I want to reinforce the fact that if this IPO is a success, your holdings will be set to 4k sats right out of the gate. It should be noted as well, if this IPO fails, AeroME will still be released as promised. However, we will be unable to afford the addition of tapping into additional markets. My goal is not to cut holders chance at profit for my own gain, simply put it's this. Would you rather have a large piece of a $1 pie, or a small piece of a bakery making the pies? Because this is how we build a pie bakery.

Then he owns 1.01 percent of coin supply instead of 1.40 percent.

Still less percent of the coin supply, less profit.

Don't forget your current percentage of coin supply will shrink by 76,9 percent

A holder who hold 100 k Aero now has now 1.40 percent of total coin circulation

After swap he has 40 k AeroMe with a total coin circulation of 12 million, he now holds 0.33 percent of coin circulation.

Less percent of coin supply = less profit.

 

On December 21st Bittrex will do a coinswap for AERO to AeroME at a 2.5:1 AERO:AeroME ratio (from the terms)