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Dear APIS Platform supporters, we would like to make an announcement regarding our token crowdsale that will start soon.The ICO(crowdsale) will take contributions in Ethereum and Qtum, and will be conducted with smart contract on both ends. How to participate: 1) ETH and Qtum smart contract addresses will be revealed on the crowdsale starting time on 17:00 (UTC+8) Mar 4 2018 through our official website http://apisplatform.io2) Send your ETH or Qtum to the revealed smart contract address 3) Claim your tokens. In order to claim your tokens from our website, you must go through our KYC process. *All relevant important information including news about listing our token on exchanges or KYC registration announcement will be sent to the email you registered on our website, so please be sure to register on our official website first!
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Quite an interesting solution, this will help minimize transaction costs? Yes, we think so on two accounts: 1. If you hold your APIS on your wallet, you will have low to near zero transactions fees; 2. If you hold AND transfer your APIS a lot from your personal wallet, you will have absolutely NO transaction fees. This would also provide incentive to people to move their APIS around, which is expected to increase the amount of activities from APIS users on and off the platform. |
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Thank you all for the positive comments. For real world application, we are already teamed up with Beluga Pay from Mexico to use the masking technology as part of Beluga Pay's innovative payment gateway. Is there any news about the change of the main currency?
Yes, the main currency has changed from QTUM to Ethereum. As such, we will accept both QTUM and Ethereum for our upcoming ICO. Please read this medium article on why we made a choice to change our main currency: https://medium.com/apisplatform/important-notice-from-apis-team-65a3c804ae7b |
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Tell me, is the principle of the action of your Masternode the same as I would have bought and used it?
No. The key differences are 1) there is no hardware/software overhead for setting up your own Masternode 2) You can invest a SHARE of a masternode 3) You can choose to withdraw your investment at any time. |
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Please see below for the official message regarding the presale from our CEO:
Dear APIS supporters,
I am Ronny Yoo, CEO of APIS.
I would like to explain about the early termination of pre-sale which most of you are curious about. While we were preparing for the pre-sale, we spent a lot of time coming up with methods to provide all our investors with equal investment opportunities. Among some of the roadblocks that we confronted while seeking the optimal solution was Qtum’s long block generation time. This issue troubled us the most as we judged that if too many participants were to be concentrated in a single block, Qtum’s long blocktime may change participation priority depending on the gas price.
In order to prevent this unnecessary competition, we set a fixed value for the gas price and made everyone participate in the pre-sale under the same condition. However, when the pre-sale actually started, we recognized that there were a number of transactions that were not processed properly.
Our development team was monitoring all of the transactions real-time and found out that most of the transactions that failed had their gas price set at 69, not 70. The real problem occurred when we found out that the percentage of people who invested with gas price of 69 was excessively high(53% of the total transactions, to be exact). At this point, we came to the conclusion that the gas price could have been modified due to network or wallet error, and that ongoing smart contract needed to be stopped immediately for investor protection. Therefore, we stopped the original smart contract and came up with a new smart contract address urgently that had no gas price limit and were finally able to resume the pre-sale. But as the pre-sale went on with the new smart contract address, the morality of creating a new smart contract address was questioned within our team. We subsequently came to a conclusion that the second smart contract could go against our original principle of fairness and that the contract must be closed. This is why we terminated our pre-sale earlier than scheduled.
We are still running internal tests to understand the exact cause of sudden gas price change. All relevant information regarding this incident had already been passed to the Qtum foundation, and we are looking into the issue together
I would like to express my sincere gratitude to those that participated in our pre-sale and also apologize to those who were unable to do so. We will keep you updated on this issue.
I will talk briefly about our future operation plan. Adhering to our core principle of enlarging the blockchain industry and protecting investors’ assets, we will never resell our remaining tokens from the pre-sale. All unsold tokens(254,584,967 tokens) will be promptly burnt after the termination of ICO with a prior announcement.
Thank you.
Best regards, Ronny Yoo
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Dear APIS supporters,
First, my apologies for being so silent recently as I was dead busy and away from office. All relevant information regarding presale and the ICO has been posted on our official telegram channel
now with the address of t.me/TheApisplatform
Yes, the base currency has been changed from QTUM to Ethereum.
Yes, the presale was conducted in QTUM only and ICO will be conducted QTUM and Ethereum.
We will execute conversion in the best manner possible in order to ensure optimal outcome for our contributors.
Thank you again for your interest in APIS project.
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Hello All: My apologies for the late reply, as we have been extremely busy. The meetup was VERY successful with many Korean investors joining us for the night. Currently we have the video uploaded without any subtitles, so while we had interpreter translate for some part, we didn't for some other parts. You can watch the entire intro sessions and the AMA on the following links: https://www.youtube.com/watch?v=vgQqhRbTRv8 The main session https://www.youtube.com/watch?v=WjWJRsBuswE AMA |
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An interesting project, does your system take investments in euros? Is there a credit card support?
After APIS goes mainnet, we will work to support paypal as a payment source for APIS tokens. how you will guarantee us that the assets we will invest will remain secure ?
I'm connecting to the issue of security. After all, at this stage you use only people's trust in you, because the further development of the project can be both successful and not very good. Therefore, the safety of funds must be at the proper level Good question- it will be much more secure than the current masternode pools run by individuals/organizations. APIS wallets will function as a completely decentralized, individual wallet. While I cannot go into detail, we are working as hard as we could to make every process of your investment into the APIS platform decentralized and trustless. APIS core will NOT handle or utilize your tokens without your consent, and will not have ownership of your tokens in the platform. If I understand correctly, I will have MY OWN wallet on YOUR platform, but no one else will have access to it, and all data will be directly poisoned to your platform? That is correct, although Im not quite sure what you mean by "all data will be directly poisoned to your platform?" I meant that all the data about my money is only available from you and all transfers and conclusions occur without the participation of third parties. Yes, that is correct. No third party will be involved(unless you want to purchase APIS tokens from a third party on entry) |
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An interesting project, does your system take investments in euros? Is there a credit card support?
After APIS goes mainnet, we will work to support paypal as a payment source for APIS tokens. how you will guarantee us that the assets we will invest will remain secure ?
I'm connecting to the issue of security. After all, at this stage you use only people's trust in you, because the further development of the project can be both successful and not very good. Therefore, the safety of funds must be at the proper level Good question- it will be much more secure than the current masternode pools run by individuals/organizations. APIS wallets will function as a completely decentralized, individual wallet. While I cannot go into detail, we are working as hard as we could to make every process of your investment into the APIS platform decentralized and trustless. APIS core will NOT handle or utilize your tokens without your consent, and will not have ownership of your tokens in the platform. If I understand correctly, I will have MY OWN wallet on YOUR platform, but no one else will have access to it, and all data will be directly poisoned to your platform? That is correct, although Im not quite sure what you mean by "all data will be directly poisoned to your platform?" |
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For those of you who are interested in joining us for the Seoul meet-up tomorrow we will have a surprise event:
We will hold a raffle to select nine lucky winners who will each get some tokens from one of the participating teams.
Our meetup partners Beluga Pay and fidenxiaX have also agreed to this event and $500 worth of tokens will be given our from each teams.
You will be eligible to win 100/150/250 dollars worth of tokens if you are lucky, so please come and stay with us to the end for a chance to win free tokens!
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An interesting project, does your system take investments in euros? Is there a credit card support?
After APIS goes mainnet, we will work to support paypal as a payment source for APIS tokens. how you will guarantee us that the assets we will invest will remain secure ?
I'm connecting to the issue of security. After all, at this stage you use only people's trust in you, because the further development of the project can be both successful and not very good. Therefore, the safety of funds must be at the proper level Good question- it will be much more secure than the current masternode pools run by individuals/organizations. APIS wallets will function as a completely decentralized, individual wallet. While I cannot go into detail, we are working as hard as we could to make every process of your investment into the APIS platform decentralized and trustless. APIS core will NOT handle or utilize your tokens without your consent, and will not have ownership of your tokens in the platform. |
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Interest Ask. Will APIS develop any mobile application for this service? Perhaps it would be convenient, be able to watch your funds in the masternode from the smartphone ...)
Of course, the platform includes botg mobile application and a website. and there will be no problems with ping, if the server is located in Hanoi? because even a small delay can lead to sad consequences ...
We will address this with multiple servers and IDCs to support the main server in Hanoi. |
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I would very much like to get to the meeting with APIS, but, unfortunately, I can't get to Korea  I'll wait for the link to the video, it will be interesting to see the interview with the developers and your partners  Thank you for your continued interest. We will make sure to keep you updated on the newest information regarding us. |
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