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thanks for opening this thread. Let's see where it goes. Mean while some of us are trying to put Zooz on Poloniex and on other exchanges. Any help in this direction will be appreciated (you know it's not easy to publish a new token on an exchange...)
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Cool idea but I'm on the fence. This may have already been covered but it's hard to find from my phone.
1) what is the converstin rate from road zooz to zooz 2) how many coins are there 3) I know this number can be hard to pin point but what does your team speculate the end value per zooz to be given it is successful.
1. Look at La'Zooz white paper to see the road zooz algorithm. Road zooz won't be trade-able but be used for in-app payment for services (paying for a ride). 2. Zooz tokens are not capped but will be continuously issued as the usage grow. Using a stabilizing mechanism to keep the zooz token volatility low as possible so users can actually use it for daily transportation needs. The team checks for the right mechanism for that- schellingcoin, Nubits and alike. 3. The current index price for Zooz token is 1z=0.01$ see more about it in the white paper (it's the global average price for 100m of driving a private car). You will get more tokens in your wallet as the project grows. La'Zooz white paper can be found here - https://drive.google.com/file/d/0B8DXTngEHOSmN2ZzTDJBTHppc1E/view More about stabilized coins by Vitalik Butterin can be found here https://blog.ethereum.org/2014/11/11/search-stable-cryptocurrency/
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Well, the destribution is over. Are we going to hit an exchange?
Yes! We are currently in touch with Masterxchange and Holytransaction. Hope to have several more soon. Hopefully by the end of July. If anyone here would like to make the connection with more exchanges that will be interested to trade Zooz tokens - please make an intro by email to info@lazooz.org. Thanks
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La'Zooz has just launched its website in Chinese http://lazooz.org/index_zh.htmlYou can find the project's white paper in there (still in English only). We are calling to all Chinese crypto enthusiasts that believe a change in transportation system can be achieved with blockchain technology to join in! There are 15 days left to La'Zooz token sale and you are all welcome to take part in it - http://lazooz.org/wp2/inter/lazooz1.4/zooz_sale_interface/index.html(we want to translate that into Chinese as well...). Please pay attention that the price function of the Zooz token increases very slow as it is depended on time and demand. Current price is 1Z=0.00745$ (opening rate was 0.007$ for 1Z - less then 6.5% out of potentially 30% if the sale takes off...). We are looking to promote La'Zooz on Baidu and on relevant bitcoin related sites in China and looking for people who wish to join the project and create the Chinese hub of La'Zooz. Community members that help in the creation of La'Zooz are rewarded in Zooz tokens. Please contact us on info@lazooz.orgHere are some links about La'Zooz:
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La'Zooz Community hangout is here!Tomorrow, Monday 15.6 7pm GMT. Your place to ask the core contributors to the project anything you have in mind regarding the project and the token sale. This is the link to La'Zooz youtube channel, where the hangout will take place. You can submit your questions in advance or during the hangout through the chat (if time permits). https://www.youtube.com/watch?v=sPnERbAMog4
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We are happy to announce that Vitalik Buterin, co-founder of Ethereum, will be acting as La'Zooz's road-map auditor, alongside with Craig Sellars from Omni Foundation. The road-map determines the milestones according to which funds, being raised during the token sale, will be released from the multi-sig vault into the Dev team account. The coinbase vault needs 3 out of 5 signatures to release funds - 2 keys are held by La'Zooz members, 2 keys by Omni leading members, and 1 by Ethereum member (not Vitalik). This way supporters of the project can be sure that their funds will be used according to a well kept auditing procedure. As the Zooz token price function was engineered to remain low as long as no big traction was achieved - the token's price is still very close to the initial rate it was sold at the opening of the sale - 10 days ago. That makes it still a good opportunity for the project's supporters to help make this vision come alive. http://cointelegraph.com/news/114525/vitalik-buterin-to-audit-lazooz-decentralized-ridesharing-projectMore news regarding the road-map to be published soon... Join the ride...
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Is it at all related to this? Quicksilver Community: Over the past month I have been in discussions with the team at La’Zooz regarding potential opportunities for collaboration between La’Zooz and Quicksilver. They share a common vision with us, on revolutionizing the transportation industry through the power of decentralization and the blockchain. We held a very productive conference call with their team earlier this week, and I am excited about what the future holds for Quicksilver, La’Zooz, and the very way in which society views transportation. The Quicksilver team will be working with La’Zooz in the coming weeks, as we collaborate to move all of us one step closer to achieving our common goal. This goal is a lofty one, and working alongside like-minded individuals and projects is an important step on the road to success. As both projects continue to move forward, please take this opportunity to learn more about our friends at La’Zooz, their innovative ideas about ride sharing, and their upcoming crowd sale. You can learn more about the La’Zooz project at Lazooz.org! Thank you for your support over these past months, and I look forward to your continued support as we create a new chapter for the smart transportation industry. There was a trial a few months back to join forces with the Quicksilver team, and though this door is still open on the La'Zooz community side, not much was done in this direction since then. I still hope that the team and supporters of Quicksilver will gather to transform transportation as we know it with the help of the blockchain...
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How many total coins are there?
From La'Zooz white paper draft to be published tomorrow: Since the La'Zooz community intends to create a token that will be used for transportation needs on a daily basis, our final aim is to create a token with minimal change in price so users will be using the token instead of holding to it. To do this, we will implement at a later stage a stabilizing mechanism using one of several options already being under development. Two options the La’Zooz community is exploring these days - In short, the future protocol aims to create a situation that the zooz token has a stable price while early contributors (such as the token sale purchasers, and early developers) are rewarded by the fact that the amount of zooz tokens in their wallet increases. Unlike other crypto tokens, the amount of Zooz tokens is not capped nor fixed and more tokens will be issued in later times upon demand of users, needing more tokens for their rides. At this stage the details of the future protocol are still a work in progress. Furthermore, we believe that the future protocol will be ideal to use when the community will grow significantly and reach closer to the critical mass of users needed for the service to run. At present time, as the community is still rather small, we use a transitional protocol which we believe is more suitable for this early stage in a way it is supporting the needs of development the community is facing at this stage. More info about this protocol will be published tomorrow...
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Zooz token sale first glimpse Sale will start in less than 48 hours (Monday, 1st of June 2015, 18:00 GMT) A glimpse into the Zooz token sale BTC web interface. Numbers are for demonstration purpose only. During the 30 day token sale, La’zooz community offers to sell zooz tokens at a discount from the reference price. Early purchasers will enjoy a larger discount. The price of the zooz tokens increases every 24 hours by one step (see Fig. 1 for the zooz price as a function of the number of steps taken). Furthermore, if at a certain day the amount of tokens that were purchased exceeded the amount of the previous day, the zooz price increases by one step. Hence, the zooz token price increases during the sale with time and with demand. Examples: - If during the sale not a single day exceeds the sales of the previous day - there will be only 30 steps, closing the sale with a rate of about 1z=0.008$.
- If the sale is very successful and on each day the sales exceeds those of the previous day, each day the price will rise in 2 steps, getting to the reference price on the 23rd day, leaving the sale on a stable price for the last 7 days.
Figure 1: The zooz price as a function of the number of steps taken. All bitcoins that will be used to purchase zooz tokens during the sale will go to a multi-sig coinbase vault where 2 out of 3 signers are needed in order to release funds. Auditors and multi-sig signers will be published shortly among other details... stay tuned!
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Dear La'Zooz community & friends,In the winter of 2013 the passion to create a Realtime Social Ride-sharing service caught fire in our hearts. Since then we have been working day and night to build the infrastructure and models that will enable La'Zooz to become a reality. With over 70 contributors to the La'Zooz project, and with nearly 2000 beta users already creating their own local transportation networks around the globe, we feel it is the right time to move onto the next step. We are excited to announce that the first La'Zooz token sale/crowd-funding round is launching in just 6 days (1st of June) and we ask you to take part and help spread the news.The core value and essence of La'Zooz is in the community and we have been doing all we can to grow our numbers, keeping the door open to whoever wishes to join in. We believe that now is the time to show that this community can make the difference between a good social campaign and a GREAT one before the sale starts. How can you help?With just three simple steps: - Enter our headtalker campaign page https://headtalker.com/campaigns/real-time-social-ridesharing/.
- Choose one or more social networks you wish to spread the news through (FB, Twitter, Tumbler) - better the one where you are most active.
- Share with your friends by email, FB, Twitter and Tumbler and ask them to support the La'Zooz Headtalker campaign also.
So What happens?Two days after the opening day of the crowd funding campaign the same post will be published simultaneously on the wall of all the campaign supporters letting everyone knows the sale has started. This will make a huge impact on the social networks algorithms and amplify the reach of the token sale campaign. What's Next?As La'Zooz targets mainstream users and backers the Zooz token sale will offer two gateways - - PayPal and Credit Cards gateway through our Indigogo campaign.
- BTC gateway through the La'Zooz unique bitcoin interface for you BTC lovers.
We will send more info regarding the crowd-funding and token sale itself in the coming days before the sale and we would love to get your help boosting it by being our first supporters In the mean while join the ride - spread the news!The La'Zooz Core Team lazooz.orgTwitter - @lazoozorg https://twitter.com/lazoozorgfacebook - https://www.facebook.com/lazooz.org
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Though we have kept quiet for the last 2 months or so, the La'Zooz team is still working on the launch of a great application to disrupt the transportation system as we know it, by unleashing human creativity with the help of blockchain technology. We are happy to update you all, that we have had some great meetings in the last weeks with the leading team members of Quicksilver (QSLV) and that we will be joining forces to make this collaborated wishful disruption a reality. You can read more about the Quicksilver project and thier latest announcement about this collaboration here https://bitcointalk.org/index.php?topic=842240.msg10762223#msg10762223. We will be releasing here more news and updates about La'Zooz, its current protocols and road map's milestones. Please share with us any feedback, and as always you are mostly welcome to join the dev fest through this thread or by emailing us to - info at lazooz dot org lazooz.org
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TotalPanda stay assured that we are aware that gps is easy to fake... And not building our protocols on that. In fact we are working on a scheme where faking your location wont give you any benefit in the system. More to come soon. Stay tuned.
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10 BTC is pretty high. looks like they confident enough to put up that high bar.
I do agree a 1000$ would be more appropriate.
Hi Guys. We meant for this very short Pre-Sale to help us get to the formal opening day of our crowd sale as ready as possible. We had some connections with potential "heavy" buyers and wanted to make this sale with as less friction as possible, handling as few purchases as we can due to technical issues. Hence the high bar. Came out not as we expected due to several reasons (one of them of course is the high bar itself  )... We will go out soon with full disclosure about all zooz tokens that were distributed up till now (for contribution etc) so future purchasers will know where they stand. Still, we keep learning and taking whatever happens for the best. The preparations for the crowd sale opening day are at their pick and we will announce the date very soon. Stay tuned.
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Any news/updates/progress regarding the project?
Though time flies, we are still working towards La'Zooz crowd sale, finalizing several issues on the protocols and our vending machine, while taking care of other open issues on our website, debugging La'Zooz mining app etc. Hope to publish the sale opening date very soon. Stay tuned... and of course mostly welcome to join the team and spread the rumor around... http://lazooz.org/portfolio/spontaneous-contributions-are-welcomed/
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