Right now we're witnessing a race to have Bitcoin replaced and a concerted effort to have a new standard established (2nd-gen coins race). and the coin that wins out will become the new designated reserve currency. Nxt (and even counterparty) is leading the pack at the moment since they've already have a built-in exchange. So simply put, by listing on a competitor's exchange, we're essentially telling people that the competitor (ie. NXT) should be the next reserve currency that will take on Bitcoin's current status and role. Is that a wise move in your opinion?
Keep in mind listing on another coin's exchange will only give our competitors more leverage and an edge over Qora, which does not have a built-in exchange at the moment. It will help promote the competitor's platform and not the other way around since Qora, being late to the game, is still in its infancy and is not necessarily features-rich at this stage. Bottom line is we should protect Qora and give it more time to become mature.
Sorry, but I don't agree with this zero-game thinking. There is enough space for multiple gen2 alts, which will slowly replace the current bunch of gen1's (or these will evolve into them, like peercoin for example). While NXT has indeed the first to market advantage, it focuses on providing a solution only to a specific set of problems, leaving rest to be handled by other competition. Focus, doing only several things well is the key to success of any new initiative, just ask any start-up or even look at Bitcoin for the matter. Back to our matter at hand, putting Qora on other gen2 exchanges will actually make it more visible to these gen2 holders, and allow them easily to divest their holdings to this exciting new crypto, increasing the trading volume and as a result, pushing the value and price. Also additional advantage is having Qora opened to new trading pairs (NXT, XCP, etc...), without waiting for the exchange to add them up. And the cherry on the cake - as this a distributed exchange, no one can run off with your precious qoras, as just happened with sharecoin. I've already in touch with XCP team which likes this idea, and hope there will be some good news for qora and xcp communities soon. |
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What really bothers me is that the dev used a real SLM address as the burn address. No one can be sure he does not hold the priv key for that address. He could have used a special address that can only be used to receive coins.
If it's a non-spendable address following the BTC rules, then it should be fine. For example, see the Counterparty proof of burn process: http://www.reddit.com/r/Bitcoin/comments/1wtz2b/2124_btc_destroyed_in_proofofburn/ |
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Sure why not. I'm a longtime NXTer so it was natural for me to issue an asset on Nxt AE but if anybody would like to do the same on XCP or Mastercoin it would be great.
Checking this with XCP, will post an update here. |
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At the time being, I would prefer to not use a competitors platform (NXT). But maybe that's just me.
To offer liquidity is beneficial to us and gives NXT people a chance to get to know Qora. BTW Counterparty is also looking for alt-coin assets. Considering QORA will have its own AE at some point you could also say that traditional exchanges are a competing platform  Why not launch on XCP as well then, letting people to decide which AE platform and exchange currency (NXT or BTC/XCP) they want to use? I personally would love to buy some Qora for XCP. |
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when is the release date ?
We will announce it in ANN, to be posted during this week. Feel free to follow our Twitter as well: https://twitter.com/CryptiCoin |
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Remember what happened in Edgecoin? The devs accepted Escrow in their IPO, and relied that not all use escrow.
USE ESCROW IN IPO
That way if the dev is scammer, all he gets is a moment of your time.
We will support the both options. Moreover in contrary to such IPO's, we plan to have the test version launched together with the Crypti IPO, so everyone could give Crypti a test drive and see the potential. |
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another new coin launching .New account,hope do not become another scam coin..  i am just tird of scammer try to aware of it ... i hope it will not be a scammer We all are, hence we doing our best to make the investing as safe and transparent, as possible. |
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Мне кто-нибудь из представителей компании ответит на вопросы по почте или в личку. Уже неделю как написал.
Пошлите пожалуйста опять, с копией на info@spondoolies-tech.com. У нас наплыв заказов (распродали весь запас SP10!) и немного не успеваем всем отвечать. |
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starting price should be 500 satoshi per simcoin. I will start selling @ 2500 satoshi  Well, I'll let you guys discover the market price, meanwhile some of us have their own IPO's to launch  . |
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P.S. Everybody wanted to invest more, so I guess nobody will sell for such a low price.  Guess we all have a stalemate here, then . Don't forget though, one of reasons for NXT success, was because it got spread nicely from the start. |
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Ah and (as usual) after waiting too much to increase my stake:
WTB, 0.5 - 1 BTC worth, 150% of the original IPO price.
You are optimistic – to buy a stake will cost you at list X10 the IPO price. One have to set a starting price . NxtChg, will you support trades done on a separate trading thread (ala qora), or best to wait for the exchange? |
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It looks like the IPO has closed itself, so let’s make it official:
THE IPO IS CLOSED
Great, and I already wanted to propose a bet when the IPO will close . Anyone wants another bet then - how soon the first person will appear, claiming the IPO was unfair, it was obscure and should have lasted much more and with larger distribution? Ah and (as usual) after waiting too much to increase my stake: WTB, 0.5 - 1 BTC worth, 150% of the original IPO price. |
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Hell, It's about time!Some more candidates: - Serial opener of scam IPO's - EDG/LVC/Numus/etc... - using same style
- ShareXcoin exchange operator
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What did you plan to do with ipo funds ?
We will provide the breakdown in the upcoming ANN. |
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Is a 2nd gen coin?
Yes, Crypti is a true 2nd gen coin, allowing to create new services and applications on top of it, while running on it's own high-performance blockchain. |
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Interesting...
Sorry if asked before:
Will there be a cap for ipo investments? If yes, are there countermeasures against sockpuppets?
Any other details on target distribution available yet?
As answered before, there will be no caps, as it quite hard to protect against manipulations. We will give enough time for the IPO, encouraging to invest soon (with early investors bonuses), and looking to reach a fair distribution similar to XCP - fairly small amount of whales, with most power held in majority of investments hands. Crypti will also include mechanisms that will encourage holding and merchant spending,and discourage pump and dump schemes. |
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What time do you start the IPO?
It will be started during this month, within 2-3 weeks. |
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Escrow will be available, who will be  Anon is unfortunately unavailable for future escrows, we will check with other trusted escrow providers. If you have any recommended ones, you are welcome to suggest them here. |
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You said Crypti is a POS coin in the title ( and repeated again in your post ), but still mentioned that "Forge new coins with Proof-of-Stake. Mining new coins with Proof-Of-Hold. " on the official website.
Can you explain more about this and show some related code?
The site is a bit outdated at the moment, will be updated later on. This thread will contain the most up-to-date information about Crypti. |
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Is it possible to get the details of who is on the full team for this project?
Given that there have been a number of IPOs recently that took the money and ran, it would certainly raise the credibility stakes if we could learn who the actual brains behind this new concept are.
The team members will introduce themselves in the coming ANN post. Just to remind about our efforts to boost investor confidence: - Beta will be provided towards the ANN
- Escrow will be an option
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