I'm impressed that ONLINE reached the softcap so quickly. It's a good project that hopefully takes off. is OIO still for sale? If so, how do I invest?
Yes! You can still participate in the token sale by heading to our website https://online.io/ |
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When can we expect some testing product,so we can finally check it out?
Please check https://demo.online.io for Human detection, Tracker detection and Guardian source code. The beta version of the platform will be released in August. You can find more details in our Roadmap on the website. More info: https://t.me/OnlineIO |
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Will there be a soak convention of some kind soon?
Please stay tuned for updates!  Don't worry, we will announce them accordingly here, if there's any. Now that you mentioned that,do you plan to atennd some crypto conventions or conferences in the near future? Please stay tuned for updates! We will announce them accordingly here, if there's any. You may want to visit our Telegram Announcement Channel on this link: https://t.me/cryptosoukhttps://t.me/cryptosouk |
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with the team involved I'm sure this project will be able to go according to plan and will be able to achieve success easily and maximally.
Thank you for those kind words! Feel Free to join yan In our telegram group https://t.me/OnlineIO |
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Description of the project and design of the site I really liked. But when I went to the GitHub, I did not find a single line of code there. I am disappointed.
I did not search GitHub for code. I know almost all projects upload the code there. Maybe the team will put it there - do they already have some version of the platform? We have a demo out! Please check https://demo.online.io for Human detection, Tracker detection and Guardian source code. The beta version of the platform will be released in August |
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Will there be a soak convention of some kind soon?
Please stay tuned for updates! Don't worry, we will announce them accordingly here, if there's any. |
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I see that presale goes live in less than 5 hours.Will you have live update with the amount raised?
There won't be live update but we will update on our website for sure. CryptoSouk Token Pre-sale delayed due to the sudden new requirement by Malta regulators. This week breaking news about Malta introducing Virtual Financial Assets Act, which is great and welcomed news and exactly why we have chosen Malta (VFA Act). However, the sudden change in the regulatory requirements in Malta has forced us to temporarily delay the launch of the public token pre-sale initially set for July 9th 2018. As a transitional period has been implemented to permit all entities get up to speed with the new laws which require all new companies such as Cryptosouk to provide a legal opinion with respect to the token utility and prove that it does not require any further regulatory approvals within the framework of financial regulated activities (i.e. security tokens). Our expectation of the new act coming in to force and we were initially advised that this legal opinion would not be required to incorporate the company at the outset, yet would be required by the last quarter of this year. However, as mentioned above, with the immediate requirement, we are now required to submit the legal opinion to complete the incorporation process at the outset, so in our quest to remain fully compliant with all jurisdictions we intend to operate in, we have a fiduciary duty to operate properly as to not put any of own clients and community at risk. We are now awaiting more accurate feedback from the company registry and our Maltese legal counsel E&S Group as to the best possible date to launch the pre-sale post full completion of the legal opinion and incorporation. We expect to be able to announce this very shortly as the document required is a mere formality. We are genuinely grateful for the overwhelming support our community has provided us within such a short period and commit to always being as diligent as possible from all fronts. The Maltese Legislators forward looking approach by introducing this, the new act is welcomed news and we feel a minor delay is worth it, to ensure we are structured correctly for the benefit of all concerned for get-go. While our lawyers are dealing with this matter, it will give us an opportunity to focus on the amazing response characterized by the several thousand users that signup up for our trading platform at www.cryptosouk.exchange! As part of our roadmap, we intend to fund all accounts with $1000 demo funds in order for our user base to test the majority of the platform features. The feedback from this exercise will be invaluable to us in addition to be hopeful that the community will share their experience throughout all available media channels. David Dubrulle CEO Yeah best is to take those things seriosuly,and do everything according to the law,only that will ensure future success of thew project.So best to take as much time as you need! Better to be safe the sorry and knowing the law should be safe. Indeed, it's always best to err on the side of caution. |
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So Malta is like a leader in crypto currencies world?
Well, it just so happen that we have chosen Malta for our [corporate parent] and to conduct our ICO due to that nation’s forward looking utility token regulation and membership in the European Union. We are also pursuing an exchange license in the Abu Dhabi Global Markets (ADGM) where, with an office in Kuwait as well, our operations generally occur. The current status of our licensing is pending a final release of the regulatory framework for ADGM to operate under the OCAB (Operating a Crypto Asset Business) and a final activation of the recent Virtual Financial Assets Act in Malta. We believe regulatory certainty will become a more important part of the decision about which exchange customers will entrust with their crypto assets. |
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What is the minimum needed to invest and is there a KYC?
The minimum investment is $50. Yes, we will be doing Know-Your-Customer(KYC) for our investors. Before withdrawing your OIO Tokens you will be required to have your account verified. More info: https://t.me/OnlineIOWill the verification be done by you or have you outsourced that? And how long will the verification process last? I heard in some cases it can take up to a couple of days. The verification takes a couple of days |
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What is the minimum needed to invest and is there a KYC?
The minimum investment is $50. Yes, we will be doing Know-Your-Customer(KYC) for our investors. Before withdrawing your OIO Tokens you will be required to have your account verified. More info: https://t.me/OnlineIOThanks for confirming some of the speculations. Withdrawing - you mean they will be charged? No they won’t be charged for KYC Don't forget to join our announcement channel on Telegram https://t.me/OnlineAnn |
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I see that presale goes live in less than 5 hours.Will you have live update with the amount raised?
There won't be live update but we will update on our website for sure. CryptoSouk Token Pre-sale delayed due to the sudden new requirement by Malta regulators. This week breaking news about Malta introducing Virtual Financial Assets Act, which is great and welcomed news and exactly why we have chosen Malta (VFA Act). However, the sudden change in the regulatory requirements in Malta has forced us to temporarily delay the launch of the public token pre-sale initially set for July 9th 2018. As a transitional period has been implemented to permit all entities get up to speed with the new laws which require all new companies such as Cryptosouk to provide a legal opinion with respect to the token utility and prove that it does not require any further regulatory approvals within the framework of financial regulated activities (i.e. security tokens). Our expectation of the new act coming in to force and we were initially advised that this legal opinion would not be required to incorporate the company at the outset, yet would be required by the last quarter of this year. However, as mentioned above, with the immediate requirement, we are now required to submit the legal opinion to complete the incorporation process at the outset, so in our quest to remain fully compliant with all jurisdictions we intend to operate in, we have a fiduciary duty to operate properly as to not put any of own clients and community at risk. We are now awaiting more accurate feedback from the company registry and our Maltese legal counsel E&S Group as to the best possible date to launch the pre-sale post full completion of the legal opinion and incorporation. We expect to be able to announce this very shortly as the document required is a mere formality. We are genuinely grateful for the overwhelming support our community has provided us within such a short period and commit to always being as diligent as possible from all fronts. The Maltese Legislators forward looking approach by introducing this, the new act is welcomed news and we feel a minor delay is worth it, to ensure we are structured correctly for the benefit of all concerned for get-go. While our lawyers are dealing with this matter, it will give us an opportunity to focus on the amazing response characterized by the several thousand users that signup up for our trading platform at www.cryptosouk.exchange! As part of our roadmap, we intend to fund all accounts with $1000 demo funds in order for our user base to test the majority of the platform features. The feedback from this exercise will be invaluable to us in addition to be hopeful that the community will share their experience throughout all available media channels. David Dubrulle CEO |
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This is exactly we have planned it.
As long as you follow through on your plans! We will follow our whitepaper religious and make it a grand success. Join our telegram channel https://t.me/cryptosouk_community_enRegards MaZeeCM |
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I see that presale goes live in less than 5 hours.Will you have live update with the amount raised?
There won't be live update but we will update on our website for sure. |
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What is the minimum needed to invest and is there a KYC?
The minimum investment is $50. Yes, we will be doing Know-Your-Customer(KYC) for our investors. Before withdrawing your OIO Tokens you will be required to have your account verified. More info: https://t.me/OnlineIO |
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How come you decided to issue your own token,couldnt all this be done with ETH?
Nice question! Let me explain why own tokens are necessary here: Online Ethereum token (OIO). OIO Tokens are the key element in the ecosystem. The web operators will be required to stake OIO Tokens in order to use our technology and mine ICE tokens. (through Proof-of-Stake and Proof-of-Online algorithms). ICE Ethereum token (ICE). The purpose of the ICE coin is to be used for micropayments and daily use. Trust token (TST). Exists only within the private Blockchain. It is used for stimulating users to rank websites and for ranking gamification. All of them has different significance More info: https://t.me/OnlineIO |
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Online.io solution will unlock an untamed potential of the revenue stream.
The website owners will have financial benefits even without embedding advertisements, by capitalizing on the time spent by the visitors on their web pages. Since the visitors will be able to rate the websites based on their experience, the ad-free, secure, private web pages will definitely enjoy a higher ranking, which in turn will attract more visitors and consequently more revenues for their owners generated as Online.io tokens.
it will be good to receving customer experience, but what is direct income for websites? Website operators will be rewarded based on the time users are spending on their websites. This is possible due to the proof of online alrogithm, that automates the process and simulates ad revenue. The form of reward will be the tokens mined through that algorithm. |
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This is exactly we have planned it.
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Online.io solution will unlock an untamed potential of the revenue stream.
The website owners will have financial benefits even without embedding advertisements, by capitalizing on the time spent by the visitors on their web pages. Since the visitors will be able to rate the websites based on their experience, the ad-free, secure, private web pages will definitely enjoy a higher ranking, which in turn will attract more visitors and consequently more revenues for their owners generated as Online.io tokens.
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