I think you missed the point.

The chart labeled "Percentile   XTZ", specific to the top 5% of contributions, is not quantitative... It says, right above the chart, "The fifth percentile (5%) indicates the smallest contribution in the top 5% of contributions". This means the smallest contributor in the top 5% of contributions will receive 44,035 XTZ. With this information alone, it is impossible to determine how much money the top 5% of contributors invested.

The web page also reveals that, "The average contribution will yield a recommended allocation of 20,035. The median contribution is smaller at 2,331". Using applied statistics... the further away the average is from the mean (median), the greater the presence of outliers (this is the equivalent of a whale). This is especially true when the data set contains a large number of records or entries.

I understand the zero sum nature of market based investing... I've been a trader for twenty eight years. I'm trying to understand if you are implying that you think XTZ will dump - or not. Your post is confusing.

I'm confused... if someone did think this, they likely did not invest. How is it you will have their money?

Assuming a BTC price of $2500, and assuming participation in the ICO during the 20% bonus phase - the cost per XTZ would be $.417. So if the price of the "IOU" XTZ/USD dips below 42 cents, one can effectively buy below the ICO price.

A few question(s):
1.) Does anyone here have any experience with HitBTC... do they indeed pay back their IOU's? even if at a later date, when the coins are distributed, they would need to pay more?
2.) I'm assuming there's no place to store the "IOU" XTZ, as it doesn't technically exist?
3.) Again, assuming No.2 above, is there any risk to getting hacked? (If so, please explain).

Thank you

Pardon me if this question seems ignorant, but I've never participated in an ICO before:

When money is sent from my wallet to the address specified by Tezos for the "Contribution", how is the contribution documented? Is there a registration process that will ensue with the Tezos Foundation?

Here's the problem I have with this...
They claim a 350% return in 300 hours (100% of principle investment returned +plus+ 250%)... Let's do some math:

Starting with $100 and rolling the profits back in, here's what happens:
100 = 350 @300 hours
350 = 1,225 @600 hours
1,225 = 4,288 @900 hours
4,288 = 15,006 @1200 hours
15,006 = 52,522 @1500 hours
52,522 = 183,827 @1800 hours
183,817 =643,393 @2100 hours
643,393 = 2,251,875 @2400 hours
2,251,875 = 7,881,564 @2700 hours
7,881,564 = 27,585,474 @3000 hours
27,585,474 = 96,549,157 @3300 hours
96,549,157 = 337,922,050 @3600 hours
337,922,050 = 1,182,727,178 @3900 hours (yes!, you've turned $100 into more than $1 Billion in 163 days)
1,182,727,178 = 4,139,545,122 @4200 hours
4,139,545,122 = 14,488,407,928 @4500 hours
14,488,407,928 = 50,709,427,748 @4800 hours
50,709,427,748 = 177,482,997,712 @ 5100 hours

Congratulations... In only 213 days, you were able to turn $100 into $177.5 BILLION... You now have more than twice the wealth of the worlds richest man (Bill Gates w/ $75B in 2016).

This is why NO ONE, who could actually make these returns would start a website and solicit money to trade for others.

So then it would seem... if/when a crypto currency begins trading with USD, this constitutes a positive growth step? I would think you might even say it more "legitimizes" the currency? 

I'm curious... wouldn't it be better to tie the NOTE to $USD (at PLNX it would be the $USDT)? Given the underlying goal of creating a stable currency, wouldn't that be a priority? If so, what's required to make that happen at the exchange level?

That's very helpful... thank you. A few questions if you don't mind:
1.) If you were to quantify it, how much risk - expressed as a percentage - is avoided by waiting for XTZ to hit the exchanges and buy it then, vs. investing in the ICO?
2.) My observation is that nearly all coins drop to about 50% of the price they opened on the exchange for within a very short period... would you agree?
3.) What would you guess is the likelihood that this happens with XTZ?

Again, thank you for your earlier response

1.) I own about $80,000 worth of ETH that I've been slowly buying with my CoinBase account, while getting familiarized with the industry.
2.) The $200k is a little less than 10% of my "Speculative" Funds. I may reduce the allocation down to $100k, depending on what I've determined to be the inherent risk. My questions pertain to that assessment... I'm here to learn from other crypto investors with more experience than myself.
3.) I now know, it's very difficult to get any real money into the exchanges quickly. For this reason, I'll probably be using Bitcoin Suisse AG to buy into the ICO.

The thing I've learned that concerns me the most, is that these ICO's can bust... my biggest questions:
1.) What is the likelihood of the XTZ coin never making it to the exchanges?
2.) What happens to the money invested if XTZ does not make it to the exchanges?
3.) Can anyone site examples of legitimate projects that went bust - and possibly explain why?


Thank you for any help you're willing to shell out.

I'm asking for help. It's cool if you don't want to answer my questions, but at the same time you know nothing about me. Probably better to say nothing at all.

I'm scrambling to get the USD ($200k) converted to bitcoin fast enough... it's not easy. Which brings me to another question... I see most coins open and then loose 50% of their value within a few months before stabilizing. How do we know what the opening price will be per Tezo on the exchange? For example, if I paid $3000 for BTC and one BTC does in fact buy 6000 Tezos, the opening price would need to be at least 50 cents, or I loose. Is there a way to estimate what the expectation is?

Hello everyone...

I recently contacted Tezos with the following question:
" Will I be able to participate in the ICO by purchasing Tezos with $USD, vs Bitcoin or Ethereum? "

Their response:
" First I must inform you it isn't an ICO or a purchase. It's a donation in a fundraiser for a Swiss foundation. The foundation will recommend an allotment of tokens for participants...
The Tezos Foundation will accept BTC and ETH through a special website which will open only when the fundraiser opens. Sign up for our mailing list here for updates. Alts will be accepted at the same website via ShapeShift. Contributions in fiat currencies are also possible through Bitcoin Suisse AG, though be advised to check their rates and the legal permissibility of that course of action within your jurisdiction. If you choose to contribute in ETH, the equivalent BTC amount will be estimated based upon the timestamp of the Ethereum block in which the transaction is included and the median of the the last trade price on Poloniex, Kraken, and GDAX. This is offered for the convenience of ETH holders and on a best-effort basis. If you want certainty contribute with BTC, otherwise you accept the risk that the exchange rate you'll get may not be exactly what you see on the screen at the moment of your contribution. "


So I'm rather new to this, but I've had great success in the stock market and want to diversify by purchasing some BTC, ETH, and of course Tezos. The Tezo's team response is confusing to me... They're basically soliciting for donations to a foundation, which will determine an allotment of tokens for participants. In other words, we have no idea how much we're paying for the Tezos until AFTER we've "donated" money to the foundation?

Is my interpretation of their response correct?


Thank you -