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Hi channel,
Smith + Crown is doing a research project on past ICOs. Can anyone answer the following and possibly provide a link?
1. How many tokens were given to actual investors (not including bounties etc.)
2. How many tokens were allocated to the development team?
3. How many exact tokens are held in reserve for future sales?
Thanks!
Matt
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My second impression: Price/Earning Ratios are almost impossible to estimate for Chronobank. We can't predict the TIME token price after the ICO so we are not able to estimate the Chronobank capitalization even one month after the ICO. We can try to estimate the total funds raised in ICO but it won't actually be the Chronobank capitalization. It will depend on the TIME token market price. Good comments SpacemanOne. We ended up using a PE Ratio for a couple reasons. First, so we (and readers) could get access to benchmarks and comparisons in the broader market. Second, just modeling the stream of potential payments didn't seem sufficient, because it seemed to imply that it was only worth it if the stream of payments summed up to the initial investment. We had a similar approach with ICONOMI that was helpful as a framework. CoinFund had an excellent analysis of REP tokens that valued them as an annuity, but the majority of feedback was that they should have used P/E ratios. You're right that we can't predict the TIME trade value at a future point in time. Since we can't predict the future price and since ChronoBank isn't giving out earnings now, we decided to use the price at the crowdsale and the potential earnings to capture a similar idea: how much am I willing to pay for the opportunity to get a payment in the future. The two values aren't exactly the same, and thanks to your comment, we added some language to that effect. If there's anything you'd suggest adding to further clarify, let me know. (also, you're right that the value shouldn't have been $8.25 - we lowered it to $6.82 under the assumption that the average bonus for crowdsale participants would be 10%) You made a good point earlier about whether correlating the amount raised and the amount of LHT issued was necessary. It also seemed like raising more funds would make the project more likely to succeed in securing users and issuing more LHT. We definitely discussed having 9 scenarios but that seemed like overkill. If you want to take on the task though, we could include your work. |
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Smith+Crown summary of Incent. Innovative project, totally new paradigm of customer loyalty, limited supply should put upward pressure on the price if the network grows, the team will face some challenges. ( http://www.smithandcrown.com/what-is-incent-loyalty/) Comments welcome! If you spot inaccuracies, plz PM me and we'll update it. |
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There is no specific end date. The crowd sale will end once the necessary development has been completed. Thanks very much! |
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Hi All, Smith + Crown added this to our icos list awhile ago and wrote up a pithy summary of all information we could find across different channels. http://www.smithandcrown.com/event/blockpay-ico/. We've found Chris of Blockpay to be very responsive. Thanks, Smith + Crown |
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https://steemit.com/@steemit/transfershttps://steemit.com/@ned/transfershttps://steemit.com/@dantheman/transfersThose are steem founders's wallets, they own a shit loads of steem yes i know. They own about 80% of steem . You know what's funny is that they tell you to power up but they are powering down all 3 accounts and cashing out $2 Millions every week. And fools on poloniex are buying up all the steems hahah and best of all the founders's money is growing extremely fast so they have essentially set up a system where they could cash out $2M every week for life until the ponzi come crashing down of course but these devs are fucking geniuses. It doesn't end there though, they have designed a system where they have so much voting power compared to everyone else that they decide where the pool's money is being allocated, so if they want to pay themselves and their buddies they can do it just by a mouse click. They can also create sockpuppets account and vote for themselves.It's like a fucking cartel, they are the first crypto mafia. They also get to decide what goes on the front page so obviously they chose to upvote boobs and steem praise, there is nothing better than vagina to prop up a massive bubble. In 3 years all the new steem power that was created out of thin air to enrich the devs will be detroyed at a ratio of 10 to 1. So if you have 10 SP they will burn 9 from you and everyone else including themselves, But they don't care becasue in 3 years the devs will be in their private yacht sipping mojito with lots of bitches while you will be powering down but it's gonna be too late my friend. And you know what they say when you ask but why are you destroying 90% of my wealth in 3 year? They say don't worry hopefully the price will increase to make up for it rofl It will not because they would have crashed it to pay for the yatch lol RIP steem power holders. http://thestringpuller.com/2016/07/a-steeming-bubble/ How can you tell they are powering down? Is there something in the interface that alerts that or are you tracking the growth of their SP? click the links above, you will see it says "The next power down is scheduled to happen 2 days from now." If they didn't power down nothing would be shown there Ah, but it doesn't show how much they're powering down. That would be difficult to estimate, since they are also constantly getting SP due to the inflation rules. It'd be great if we could see how much they are powering down or how much SP total is currently being powered down. When you said $2 million, you meant as if they were actively powering all of it down? Thanks for the reply, it's such a complex system. |
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https://steemit.com/@steemit/transfershttps://steemit.com/@ned/transfershttps://steemit.com/@dantheman/transfersThose are steem founders's wallets, they own a shit loads of steem yes i know. They own about 80% of steem . You know what's funny is that they tell you to power up but they are powering down all 3 accounts and cashing out $2 Millions every week. And fools on poloniex are buying up all the steems hahah and best of all the founders's money is growing extremely fast so they have essentially set up a system where they could cash out $2M every week for life until the ponzi come crashing down of course but these devs are fucking geniuses. It doesn't end there though, they have designed a system where they have so much voting power compared to everyone else that they decide where the pool's money is being allocated, so if they want to pay themselves and their buddies they can do it just by a mouse click. They can also create sockpuppets account and vote for themselves.It's like a fucking cartel, they are the first crypto mafia. They also get to decide what goes on the front page so obviously they chose to upvote boobs and steem praise, there is nothing better than vagina to prop up a massive bubble. In 3 years all the new steem power that was created out of thin air to enrich the devs will be detroyed at a ratio of 10 to 1. So if you have 10 SP they will burn 9 from you and everyone else including themselves, But they don't care becasue in 3 years the devs will be in their private yacht sipping mojito with lots of bitches while you will be powering down but it's gonna be too late my friend. And you know what they say when you ask but why are you destroying 90% of my wealth in 3 year? They say don't worry hopefully the price will increase to make up for it rofl It will not because they would have crashed it to pay for the yatch lol RIP steem power holders. http://thestringpuller.com/2016/07/a-steeming-bubble/ How can you tell they are powering down? Is there something in the interface that alerts that or are you tracking the growth of their SP? |
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lol, so many ICOs, same style, ... easy money now with ICO and some nice graphics, lol
Why invest? Stratis tokens will fuel the Stratis blockchain and also the private chains (side chains) that will be part of the Stratis network. Stratis tokens can be used as a payment method for the decentralised app hosting functionality built into Stratis and the fuel for the Blockchain-as-a-Service platform. We will be developing and engineering many platforms and services on the Stratis blockchain that will help to build a healthy eco system around the Stratis Blockchain. Consequently, adoption of Stratis and its private chains will entail increased demand of the finite supply of StratisCoins. convinced? We'd like to clarify the role the StratisCoins play in the Stratis system. Can someone confirm (with a source or from the Stratis team) that the tokens will be the only way to pay for official services on the Stratis network? [making them like the digital points used to buy things on gaming platforms] Or if they aren't the only way, that they will offer advantages over other methods? Also, if that's the case and the StratisCoins will go to Stratis as payment, how will they get redistributed throughout the system? For example, will StratisCoin just resell them? And/or will StratisCoin function like ether/gas in that they are needed to power the applications themselves? Also, if the private blockchains deploy their own tokens, will they use StratisCoins or can they create their own? Thanks for the help! Our (Smith + Crown's) writeup is on the icos section of our website. If you spot errors, PM me. " Why invest?
Stratis tokens will fuel the Stratis blockchain and also the private chains (side chains) that will be part of the Stratis network. Stratis tokens can be used as a payment method for the decentralised app hosting functionality built into Stratis and the fuel for the Blockchain-as-a-Service platform. We will be developing and engineering many platforms and services on the Stratis blockchain that will help to build a healthy eco system around the Stratis Blockchain.
Consequently, adoption of Stratis and its private chains will entail increased demand of the finite supply of StratisCoins. "
Does this work like Ethereum gas? The more and popular the services, the more fuel needed? Let me apologize ahead of time, I'm doing my best to wrap my head arouns the tech as well as understanding the roi.
Hi TravelsAsia, Its no problem at all, your probably helping answer other people questions. That correct, Stratis tokens will power many aspects of the Stratis Platform. I cannot share to many details regarding the low level architecture at this time, but I can tell you that the standard private chains will require Stratis tokens to be 'locked' as part of the 2 way peg to private chains. Stratis tokens will also be the currency utilized to pay transaction fees to miners. When we migrate to POS Stratis tokens will be used to secure the Stratis chain and the private chains. The Blockchain-as-a-Service platform will be also be fueled by Stratis tokens, users will be able to deposit digital currencies or pay via paypal and Fiat to 'credit' their account with Stratis tokens to fuel their node. Our fiat gateway technology will also charge a fee in Stratis, but note there will most likely be a fee on the fiat side also. This will be one of the centralized components of the Stratis Platform, but its the only way to have Fiat gateways and be compliant with the various regulations involved. Let me know if you require any further information. Whats your website address? Very helpful, thank you. I had missed that second post as well. It sounds like Stratis tokens will function like Ether, but there are more moving pieces on Stratis than we currently see for Ethereum (private side chains, APIs, services), so it has more uses. Also, you make reference to miners and POS. Does this mean the Stratis blockchain will start out PWW and transition to POS? If so, will new tokens be created through the mining/minting process? I echo TravelsAsia's gratitude. We're trying to wrap our heads around this too and represent it accurately. Site is smithandcrown.com. /icos is where we post ICOs, crowdsales, presales, etc. |
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lol, so many ICOs, same style, ... easy money now with ICO and some nice graphics, lol
Why invest? Stratis tokens will fuel the Stratis blockchain and also the private chains (side chains) that will be part of the Stratis network. Stratis tokens can be used as a payment method for the decentralised app hosting functionality built into Stratis and the fuel for the Blockchain-as-a-Service platform. We will be developing and engineering many platforms and services on the Stratis blockchain that will help to build a healthy eco system around the Stratis Blockchain. Consequently, adoption of Stratis and its private chains will entail increased demand of the finite supply of StratisCoins. convinced? We'd like to clarify the role the StratisCoins play in the Stratis system. Can someone confirm (with a source or from the Stratis team) that the tokens will be the only way to pay for official services on the Stratis network? [making them like the digital points used to buy things on gaming platforms] Or if they aren't the only way, that they will offer advantages over other methods? Also, if that's the case and the StratisCoins will go to Stratis as payment, how will they get redistributed throughout the system? For example, will StratisCoin just resell them? And/or will StratisCoin function like ether/gas in that they are needed to power the applications themselves? Also, if the private blockchains deploy their own tokens, will they use StratisCoins or can they create their own? Thanks for the help! Our (Smith + Crown's) writeup is on the icos section of our website. If you spot errors, PM me. |
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Its a token sale it's 0.80 btc because of 25% bonus.
The price of the coin is dependent on how much is invested , so 1 token is represented , then totals will be given out after final amount has been raised, in relation to how much people invested
To me, this does not make any sense. It makes sense mathematically so i don't know what else to say, fundraisers/ipos determine the value of a coin with free market economics. The amount of money that goes in determines the price at which the coins are valued and bought at. Each 1 coin is representative of 1 btc , so the coins that are being sold will be distributed like any other coins , in relation to how much you invested , the coins will be shared out. because for the first hour the price is at a 25% bonus , 0.8 is the price per 1 coin , this allows people to buy at a price that is a 25% bonus It's the labeling. The announcement says a price floor of 4500 BRK/BTC, while the ICO site basically says 1.25 BRK/BTC. The confusion is understandable. What you're saying also makes sense: the ICO is selling 'share tokens' called BRK which will be redeemable for the BRK operational tokens. These will be distributed according to the final sale, and with a price floor of 4500 BRK/BTC, then 4500 per BTC invested would be the maximum amount of final BRK you get per 1 BRK pre-sale token. Thanks for clearing that up though Jibble. It would be helpful to get confirmation from the devs that your characterization is accurate. They should have had different labels for the BRK 'share tokens' being sold on Bittrex and the final BRK that will be distributed according to those shares. |
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AA / If someone want to buy a house he can buy it with cadastral? Is it compulsory or people will still be able to buy with FIAT / normal bank account and be registered on bitland as well?
BB / "1 Million To Establish Basket of Currency Reserve during ICO Period" : What will you do with the sell of other 20 millions of cadastral? You will also convert it into various currency right? So what is the difference between the basket of currency and the money you will get from the sell of 20 millions cadastral?
CC/ About direct deposit in bitcoin, as you use CCDEK as escrow, I don't understand why we cannot buy directly cadastral on CCDEK by creating an account and sending BTC?
Thanks for your good communication Chris, I did not invest yet but still very interested.
AA/ Yes, that is the plan. However, we are going to put safeguards in place so foreign investors can't "buy up" houses. This is why the system has to be set up in a double-blind investment system for foreigners and the government. In order to prevent mass displacement of locals, you can't really allow anyone external to Ghana to "buy" land. If that were allowed, the government would forcibly remove citizens, then sell the land to the foreigners. This is also why the government isn't the entity who decides WHERE the development capital is going. The government is made aware of the investment, but doesn't directly handle it. This prevents corrupt government officials from directing funds towards their friends and family, and also prevents government from just taking the money. As far as different currencies, Bitland is going to hold currency of whatever country it resides in, and will keep a multi-currency reserve so that it is NOT compulsory to only use Cadastrals to enter the system. Main thing being, the system has to be able to prevent charge-backs on debit cards, so it just has to come later down the line. We partnered with Openledger specifically because they can already handle Fiat deposits. BB/ The year 1 project plan has already allocated where funds will be spent from the ICO. It will all go towards building a physical infrastructure to support the Bitland Network. As was mentioned previously, in developing countries, you cannot rely on the local infrastructure, and thus blockchain solutions are not practical. We are building a solar-powered wireless network that is dedicated to the Bitland Project. The Basket reserve is coming from 1 million. That has nothing to do with the 20 million being sold to build the infrastructure. The 20 million will only be converted to Bitcoin, USD, or Ghanaian Cedi whenever necessary to cover a development cost. CC/ There has been some confusion about this. You absolutely CAN make an account on Openledger, deposit BTC, and send directly to Escrow account. The only reason we added the direct send to address method is because people wanted that option, so we gave it to them. Cheers! Chris Great questions Marechoux and great response Chris. Thank you. Elliot was kind enough to reach out to us and we will hopefully be able to publish a write-up soon. |
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Hi Bitland team. We're trying to collect and distill information about ICOs. We've done a preliminary post about Bitland here ( http://www.smithandcrown.com/event/bitland-ico/). Comments or corrections welcome. There are two questions we couldn't answer. 1. How exactly will Cadastrals be used in the final system? Who would buy them and who would sell them? We assume the supply is fixed - no new minting, no destruction of Cadastrals in transactions. 2. The Whitepaper gives some details about how the 30 million will get distributed that generally match the announcement thread, but we wanted to make sure that both are accurate. The White paper says: "20 million will be sold in the ICO, 3 million in block rewards, 2 million for bitlands employees and contractors, 1 million through direct sales establish a multi-currency reserve, and 4 million to sell directly to governments to issue initial contracts" while the announcement says "21 million Cadastrals will be sold during the ICO hosted by Crypto Currency Exchange Denmark(CCEDK). The remaining 9 million is allotted for distribution over 99 years for various purposes." Could you clarify? Finally, out of curiosity, why not partner with Factom on this? Thanks! |
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