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How will Bookie verify the results?
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2nd round of funding can't really be called ICO I guess. what did synereo call their second funding round when they decided to offer 50k AMPs at the price that 5 AMPs just happened to sell for on Bittrex (possibly same buyer and seller) when STEEM was "coincidently" at it's ATH?
We need to come up with a new name for these 2nd funding rounds, preferably a 3 letter acronym.
SPO (second public offering)
SCO (second coin offering)
Yeah I agree, I think it makes it confusing, but technically this is still the ICO. They launch the platform on May 30th and are still seeking funding for it's development. It makes sense to ask for the initial funding in several rounds, as the project matures. A true second offering would be adding more coins than originally planned after a project was already running. Peerplays is offering the same ratio of coins before the project launchs on May 30th. |
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https://steemit.com/check/@texasvsjohnson/peerplays-imo-is-ripping-of-the-2nd-crowdfundThe president of peerplays confirmed this was true in the link above they believe there new ico is worth 50 million market cap. That the 2nd crowd is not getting 10x coins but everyone else is. So your paying 10x more then everyone else. Your paying more then what the market price was before it went down. I believe it was around 40 a coin. So if they 10x everyone else but not the new crowd fund investors they don't get 10x and are actuallying 10x the 5.00 so 50 dollars a share... They think its fair but I sure don't. But it does sound like a great idea what they are doing. I just find it shady instead of charging 50( which probably nobody would pay they give 10x coins to the past investors) So invest at your own risk doesn't mean it wont be great project and doesn't mean it wont take off when it releases. Its just my personal opinion its over priced. What they have done is no more than a "stock split". It is very standard practice in the stock market and does not amount to inflation or favoritism of any kind. It is purely mathematical and psychological. They are not favoring the early investors, the market favored them when it decided to pay $40 for their tokens. Having one token of $40 or ten tokens of $4 makes no material difference, other than your perception. They are pricing the token higher than the ending market price, but they have also announced more info that change the viability of the project. Like getting a $4 Million injection of funds to continue employing 20 some odd developers. Where is the issue? |
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So the value of this coin increases as more ppl use the browser and more advertisers pay for this?
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I think that idea of merchants using this altcoin in a physical store setting is way out there, stores have still not even adopted the most known the the crypto's (bitcoin, ETH) why would they just jump onboard with this random new coin , if somehow it did end up being accepted in stores then there is the issue of liquidity; stores can not buy anything with blockpay so this coin would need to get onto a big exchange for all these merchants to convert to cash and with that added inconvience and cost again I doubt stores will accept this coin; Just my humble opinion let me know what you think
Nobody is advocating blockpay as a currency. Blockpay is a Point Of Sales system through which both purchasers and merchants can easily use a host of crypto-currencies. Buyers choose the currency to buy in and merchants choose the currency to receive. The token is an IPO token to rise the capital needed to launch the product on the scale needed. https://blockpay.ch/It is a fantastic project from what I can tell, they just need some more investor relations and explicit commitments. |
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For the tokenholders to get a return on investment of 3% the company has to realize a transaction volume of 1.000.000.000 (1 billion) euro's per year.
(1.000.000.000 x 0,5% commission x 15% payout tokenholders = 750.000 euro)
1,000,000,000 x 0.05 x .15 = 7,500,000 euro not 750,000. @ 1 billion euro transaction volume per year and 15% on a .05% fee, the project would be an outstanding success for all involved. But, they have not committed to this. |
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The company suggested that the tokenholders would get up to 15% of the commission of 0,5% that is charged to consumers for every transaction.
My knowledge is that the 15% is only for Ambassadors whom actively sign merchants with blockpay. It comes from the small fee of only those people whom use the blockpay app at that specific location that the ambassador signed up, not the total set of transaction fees and not to coin holders. There is an undefined, unenforceable promise to profit share with blockpay token holders. Also, blockpay is not the only project this team is up to. The funds raised here will go to fund other projects as well. as I understand it. Any other project could add value which would alter the value of the coins should the team share this value as promised. https://blockpay.ch/community/blockpay-ambassador/ |
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Phase1: 600,000 tokens @ 1:1.20 OPENPOS tokens/each Special Buyback
Phase2: 1,400,000 tokens @ 0.000288 BTC = 403.2 BTC
Phase3: 3,000,000 tokens @ 0.000360 BTC = 1,080 BTC
Phase4: 95,000,000 tokens (in 2017) @ 0.000500 BTC = 47500 BTC
Total of 48,983 BTC (not including Phase 1) = $28,116,242
So, yes they are asking for well over the $20 Million dollars, my concerns are justified, rational and realistic. It is silly to tell me to buy T-notes ...
This is exactly why I told OP that posting/projecting such specifics about a Phase 4 is absurd. It results in this pointless, and circuitous logic that because Phase 4 is impossibly large we have no business conducting a Phase 2 & 3. Phase 4 doesn't exist ... it is like you are protesting Santa Clause' skid marks. Quite pointless. Here is the inside scoop guys. Blockpay++ will never get to a Phase 4. If things go well enough they will be acquired by a POS software vendor which can almost instantaneously deploy the software across millions of terminals and simultaneously coordinate an education campaign directed at its merchants. The acquirer will have no choice, and will gladly buyout token holders at a very handsome multiple of our original cost. If it is an "inside scoop" then please provide documentation, otherwise let's stick to what we know. At the very least they have already stated their intention not to sell out. Words only I know, but it is their public statement. I do not want to undermine this project by letting rumor get the best of us, I do want answers to questions that seem to be ignored. |
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How soon will the tokens be on an exchange?
As soon a phase 3 is complete. I guess it concludes when the token they set aside for it are all sold. |
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I see your point, I should not expect too much given the extreme unknowns. Yet, they are asking for ALOT of faith that they will honor those who funded their hard work. With stocks you know the game and there are established rules. There are certain legal measures share holders can take if the management is not acting within the share holder interest. What I love about these is that I don't have to have millions just to participate in an ICO, but I also need to know where I stand when and IF this project makes it barely or makes it big. As of now they have no plan that they have made public other then vague "profit sharing" promises. That worries me. I am not one to call them scamers, I want to believe in them and help them, I just need to know what the plan is. If they are ready to ask for $20 million+ they should be ready to explain how they might distribute profit in an equitable manner should that ever arise.
You are being unrealistic. They are raising less than US$1.0-mil right now. At least they have a product, and a business plan. I'm grateful and excited for that. There are 'stocks' or shell companies that raise many times more on the sole prospect of buying out another company, i.e. they have neither a product nor a business plan. Like I said before, if you are uncomfortable with this level of risk, there are always T-notes. As an investor I don't want them babysitting or holding anybody's hand at this point. They've released a good deal of information, and need to be focused on building the business ... Phase1: 600,000 tokens @ 1:1.20 OPENPOS tokens/each Special Buyback Phase2: 1,400,000 tokens @ 0.000288 BTC = 403.2 BTC Phase3: 3,000,000 tokens @ 0.000360 BTC = 1,080 BTC Phase4: 95,000,000 tokens (in 2017) @ 0.000500 BTC = 47500 BTC Total of 48,983 BTC (not including Phase 1) = $28,116,242 So, yes they are asking for well over the $20 Million dollars, my concerns are justified, rational and realistic. It is silly to tell me to buy T-notes or that I want my hand held, this is serious business. I expect serious answers. Why are people "buy in" with no agreement as to benefits or any legal action I can see to obtain benefits? Is this all hype? |
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There needs to be some better discussion about investor benefits down the road. I agree with previous sentiment about lack of communication on this topic. If I buy this token, when and what % of returns can I expect proportional to my stake? I realize the investment may not pan out, that nobody can predict returns, yet if there are profits in the future when can we expect profit sharing and how much?
Serious answer here: I think this venture is so speculative, it is all but impossible for the founding team to be laying that out at this stage. We just have to accept that it is an extremely speculative investment, with no promises attached. Do they even have any revenues at this point? Any clear expectation of what revenues expectations are realistic? I don't see how they could ... That aside, even Warren Buffett bet on penny stocks, even loaded up at times, when he was working with a very small bankroll. If you look at this as an extremely speculative penny stock, and then invest in a select basket of them, I'd think you would do fairly well. Too much digging into funnymentals could just get in the way of a sound investment strategy. I see your point, I should not expect too much given the extreme unknowns. Yet, they are asking for ALOT of faith that they will honor those who funded their hard work. With stocks you know the game and there are established rules. There are certain legal measures share holders can take if the management is not acting within the share holder interest. What I love about these is that I don't have to have millions just to participate in an ICO, but I also need to know where I stand when and IF this project makes it barely or makes it big. As of now they have no plan that they have made public other then vague "profit sharing" promises. That worries me. I am not one to call them scamers, I want to believe in them and help them, I just need to know what the plan is. If they are ready to ask for $20 million+ they should be ready to explain how they might distribute profit in an equitable manner should that ever arise. |
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There needs to be some better discussion about investor benefits down the road. I agree with previous sentiment about lack of communication on this topic. If I buy this token, when and what % of returns can I expect proportional to my stake? I realize the investment may not pan out, that nobody can predict returns, yet if there are profits in the future when can we expect profit sharing and how much?
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Just wanted to get this thread going so I can benefit from the knowledge people have regarding bitteaser. I have been a fan of the project since reading about it, but recently it has been sliding in price. Anybody have updates on this project and speculation as to where its price might be headed? What is might take to make this project soar? Thanks in advance  |
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