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Hi guys, nice project! Nice code, nice website, nice idea.. I'd have a native English speaker for the video voice over though..
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Wanted to sign up to the mailing list, do you guys even have a mailing list?
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The following message was send to the owner of this blog: Hello, I noticed that you wrote a post about DCORP, thanks for looking into our project! I like the post! https://urbancrypto.com/dcorp-drp-derivatives-exchange-profile/The post does not leave any room for us to reply, we'd like to clarify any things that need clarifying. Everyone in the team is as transparent as possible, as are the roles described in the whitepaper. 1) Who has the real power, is it the Board of Directors or the Shareholder? The shareholders, it is mentioned multiple times in the whitepaper "ultimately the power lays with the shareholders" and "the B of D has limited powers". The shareholders decide what happens, the B of D decides on the execution as a safety mechanism to prevent DAO like abuse. 2) The Founder, as mentioned above, has the voting rights of two board members. In the event that one of the board members is not available to cast their vote in the time necessary, the Founder acquires the weight of that vote. This is not the case, the voting weight is only forwarded to me when a member of the B of D is in the non-active state, also a safety mechanism. 3) DCORP lists their team on their site, mentioning how many years of experience they have in the technology industy. It seems a bit vague to me as to what their actual accompllishments are, so I suggest digging deeper if you are interested in this opportunity. Digging deeper is always good  All our social profiles are listed and there was some extensive research done by Reddit users. 4) The main question is the people behind the project and the true power that the non-elected FOUNDER has. Please note that I've setup the token and crowdsale in a way that it is autonomous (I don't have control), there is no unsold amount of DRP, not a single DRP token has been given away for free, no bills are paid in DRP, no hotshot marketing guy was promised DRP for exposure, we funded the whole campaign fair and square. Besides that, the transfer of token ownership (which also releases 51% of the ETH raised to DCORP and initiates the incentive for the dev team which is distributed over a 4 year period in order to ensure continues development) from the crowdsale to DCORP is subjected to a shareholders vote. This should indicate that my angle is not having true power, the reason for this construction is to be able to have some influence in case something goes wrong, without having absolute power. It's a trade-off between a fully democratic process and security. This strategy allows the token holders to have a say in the actual deployment, there are not many devs doing that. Please understand that DCORP is my baby and I intend to take care of it Kind regards, Frank Bonnet |
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Could you please elaborate on the 10% fee on trades? 10% of what? 10% of the price of an option? 10% of the fee an exchange pays dcorp for using their platform? One last question for Hansco, your bio mentions: "and soon found himself successfully speculating by trading options and futures on the trading floor in Amsterdam. " I really would like to know in what period where you in the crowd at the exchange, working for which company and trading in what stocks? I did some research and so far nobody from the crowd remembers or knows you. For other people reading this: don't take this as a negative please since there can be a lot of reasons for this (different period, different stock, it was a big crowd). Congratulations on the succesful ICO! I hope you guys can pull this off 10% of each paid premium is collected and send to DCORP, the percentage is adjustable through a shareholders vote (it's described in detail in the whitepaper). The fee is high, and market forces will have to determine the actual fee once the platform is live. |
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Why is the amount less  2167071 11:40 am 2155462 0:10 PM AMOUNT OF USD RAISED It fluctuates The USD amount displayed on the website is a real-time conversion from ETH to USD. Since we're raising ETH and converting to USD on the website, the USD amount can fluctuate. I'm sorry but i did not get the fundamental purpose of the Project. anybody to tell me very quick and neat?
Good luck with finding real answers. All I hear is Derivates for Cryptocurrency. DCORP has been highly impressive since it take-off on June 1 and people had been supportive of this highly recommended project where users are allow to summit ideas and proposal which is approved by a teams of highly experienced directors.
Yes the comunity and investors are growing too, i saw on social media about it they are very active to explain about the DCORP on Twitter, the investors will add more because of social media, Twitter, Facebook that is good place to promote the DCORP. Yes and google, youtube, news sites, everyone is interested to write about Dcorp, the moment is here. We are so excited!!!! Really where? All I see are links from your sites to press releases (which you may have paid for). Show me some real coverage! You have been advertising DCORP for almost 2 weeks if not more. So the ads are plain visible. Where is the real news? This is what worries me as well. It's not really clear what they are selling. The core business is "funding and managing the development of other Ethereum projects and operating them autonomously" and one of their "seed projects" is the derivatives exchange which has very little explanation, but seems to be the main selling point in most of their marketing material? This worries me a bit plus not really any of the team members seems to have much real experience in financial markets /derivatives (looking at their LinkedIn pages). So who exactly is working on this derivatives exchange and who is working on the company's core business? The main white paper says that the derivatives exchange white paper will be published on DCORP's forum.... I cannot find it, does anyone have a link? Hi BWH1984, welcome to bitcointalk! We're not trying to sell you anything, and anybody should decide for themselves if they believe in DCORP and its derivatives exchange. If you don't, please don't acquire DRP. We're trying to build a community of people who believe in it and work towards a common goal. I'm sorry if our message is not clear, I'll try to explain it with a bit of background info. Most of us have been trading for a long time, on the stock market and later on the cryptocurrency market, with success. Hansco Leek actually worked as a day trader for many years, trading stocks and derivatives on the floor in Amsterdam (please see his profile), he was successful too! After that he and his brother, Corben Leek started an internet business that is thriving now. Except for Hansco Leek and Corben Leek we are all connected professionally. We've anticipated a future where stocks can be traded on the blockchain. Where we'd never have to stop trading, near instant transactions, no need for third parties, no downtime, no DDOS, no need to login or identify. That would be great! Now, we believe that in order for that to happen, we need decentralized derivatives. The decentralized stock market (or any market) on the blockchain should not offer it's participants less, but more options and securities in order to become mainstream. Also, our derivatives can contribute to a less volatile market, which is a good thing for everyone involved. So, the idea of decentralized derivatives was out there. DCORP is there to give structure to and arrange ownership of the derivatives exchange (and other projects but I'll get to that soon). Much like the relationship between Alphabet and Google. DRP is the token, you can compare it to a share in DCORP, that acts as proof of ownership and entitles to voting right and possibly dividend. DRP and DCORP also ensure that there is a user base of involved people, everyone has DRP believes in the project and converted ETH to get it! That's great because now we can involve our community in the development process of the exchange, we end up building an exchange that people want, instead of what we thing that people want. The other projects part is there to leave some room for growth, we have ideas that we want to propose to our community, but others (who possibly have a better idea) should be given the chance to do so as well. We believe that this way we can find and retain talent and make sure that the best ideas (that can extend the derivatives exchange) are developed. Besides that, the prospect of growth (like the prospect of dividend) can have a positive effect on the DRP price, which is good news for DRP owners! About the whitepaper, we tried to keep it simple and mention the differences between the on-blockchain and off-blockchain versions. Since, in our opinion at least, derivatives are pretty straight forward. Also, there is a ton of information out there about derivatives if you'd like to learn about derivatives in general. We thought of this pre-whitepaper as an easy-to-read changelog to traditional derivatives, assuming that the reader had an understanding about derivatives. Who is making the exchange? I am! Among others, I'll be responsible for the Solidity development. Like we did when developing the crowdsale and token contracts, we use external security experts to review the code. After that, the community gets a chance to review the code. Also, the source is made public on etherscan.io. The workings of the derivatives contracts, the design, additionally is reviewed by professionals (from our network), but any other external review would be more than welcome as we aim to deliver an excellent project! I hope this answers your questions, if not let me know! |
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Even if the project was much bigger than it is, and the fail factor greatly reduced, it is about derivatives. Of all things wrong with fiat, wrong with the world, wrong with trading in general... derivatives are the worst. It makes cancer seem like a tummy ache from eating a bit too much candy. Please keep derivatives away from cryptocurrency, don't poison the wells that much.
Actually it's about the people using derivatives, don't blame the hammer. Derivatives can reduce volatility or at least protect against it and create opportunities for more people and businesses to use the crypto currencies. I'm just wondering, what is stopping this guy from taking the Eth and running off? Do people not remember that not everything is legit?
Thanks for your concern. This question has been asked a couple of times before and is already answered in this thread. Besides that I'd like to refer to the background research that was done to our team here : https://www.reddit.com/r/dcorp/comments/6dcsnj/due_diligence_questions_disclaimerwhitepaper/Pretty excited to join this ICO as it was my first one. I have a couple questions.
I was able to see the DRP as a custom token in my Mist wallet. I'd like to transfer to a hardware wallet like a Nano S. Is that currently possible?
Regarding transfers, once the token is transferred (either sold or just transferred into cold storage), how is ownership tracked, particularly as a shareholder? Thank you for your time.
Ownership of the tokens is linked to your Ether address and thus to your private key, as long as you are the only one who has access to your private key you can transfer the tokens (starting from October this this). Do not forget that you have more than 1000 people !
1385 as of today! I responded to a comment on Reddit. To echo my comments on Reddit - While any ICO comes with risks, I am impressed with the way DCORP has set up their incentive structure with the goal of preserving token value, as well as the structure that allows token holders to have votes in business decisions. As per the whitepaper, the team members have a lock-up period on the tokens they receive, which are distributed (created) in 3 phases starting 1 year after deployment through the 4th year. I emailed the founder with a couple of questions and received a response in a timely manner. As per the founder's comments regarding the team incentive structure: "This is all done to ensure token holders that we will do everything within our power to increase the value of DRP and prevent dumping. Please also note that not a single DRP token was given away for free, we’ve chosen to pay for all bounties and marketing by investing our own ETH and BTC." Wow, thanks for sharing! Hi I used jaxx wallet to send Eth. Is that still ok? Little bit concerned because someone in this thread wrote it must be sent by myst or my ether wallet but on the website it says it recommends these wallets?
I can just enter my private key into a wallet that supports erc20 tokens and it shoukd be fine?
Yeah, you should be fine! Have a look at the article about Jaxx https://www.dcorp.it/crowdsale#walletsEven if the project was much bigger than it is, and the fail factor greatly reduced, it is about derivatives. Of all things wrong with fiat, wrong with the world, wrong with trading in general... derivatives are the worst. It makes cancer seem like a tummy ache from eating a bit too much candy. Please keep derivatives away from cryptocurrency, don't poison the wells that much.
One of the uses of derivatives is as a tool to divert risk. wiki : Derivatives are used by portfolio investment / management managers, corporations and financial institutions and individual investors to manage their positions against risks from stock and commodity price movements, interest rates, foreign exchange rates without affecting the physical position of the underlying product.fyi Dcorp is not the first and the only platform that adopted derivatives. So please explain your words specifically about why derivatives should not apply in cryptocurrencies. Derivatives themselves are not bad, technically you are insuring and counter insuring and bundling up RISK. What made us fail in 2008 is a bunch of thieves and liars in Wall St banks that bundled up high risk mortgages and other loans, passed them off as CLASS A risk, but they were like D Class and then took out insurances to hedge against their own derivative packages, then kept passing them off, like pass the parcel, to anyone the could sell them too, until the last peeps, like the Greek Govt, who were left holding the bag lost, as the value of the derivatives crashed and everyone started defaulting on their loans. That's why everything went pear shaped. To top it up, after all the thieving Bankstas stole all the money and buggered off and nearly crashed the Financial System, governments bowed down to them and told the rest of us, 'WE GONNA PRINT MORE MONEY, DEVALUE OUR CURRENCIES, ASK YOU TO PAY TAXES TO BAIL OUT THE BANKS AND GIVE TECHNICALLY ALL THE PHAT CAT BANKSTAS A BIGGER BONUS FOR STUFFING UP! YAYAYAYAYA '. On the other hand doing Derivatives on the blockchain will make it all VERY TRANSPARENT and in comes DCORP!  We all get a chance to own a part of the derivatives pie in a much safer environment. Also congratulations to the DCORP TEAM for rasing over 1.5 mil so far. You got it right! Thanks for posting! |
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Wow, 800k plus already funded in this week. DCORP will be next to bitcoin in the future because of that crowdsale. And I think next week the current fund now will be doubled in next week.
Next bitcoin might be pushing it, but it could be close to it or be at par with the current well traded coins like ETH, LTC and XMR. It is promising, that is why people are really investing money into the project and the devs are very active with the community. I guess, after launch we could expect a sudden rise in price, so buying now would be the best choice. Their are so many coins which went good in ICO but as soon as it gets launch in exchange their rates go down and it is natural because in the starting their will be dump through lot of options, like bounty coins, weak hands who seeing small profit are just selling it seeing small dump in price. So i will wait till launch and then i will buy it and keep for long term. DCORP bounties were paid in eth and/or btc. No one got DRP for free. This token can not be mined. You either buy it form the ICO or you hope one of us takes a loss on the exchange..... If you are hoping for it to be sold cheaper on an exchange at a loss....good luck. I agree we need to really help them in their marketing campaign...I dont think many crypto investors understand the importance of options of the coins...It is a trillion dollar market for stocks, it can be a billion dollar market for cryptos for start... - Options allow you to invest smaller amounts of cash it takes to purchase 1 coin and basically profit from it's movement as if you own it
Say 1 BTC is $2500...you purchase 10 call options betting it will go up for $150 per call option.. 1 month later 1 btc is $3200....Your $1500 investment is now worth $5500. And you did not have to spend $25000 to make it but only $1500..So leverage is huge!!! - Trillions of dollars worth of options are traded on the stock market each year and crypto has none yet
If DCORP can pull this off with just 1.8 million shares you can expect them to be worth hundreds to thousand per piece.. - Stock options traders will start trading options on cryptos
Billions more will enter crypto market. - Crypto owners can sell call options to make extra money while holding
- Crypto owners can protect themselves against price drops by purchasing put options
- Crypto traders can bet on price drops with put options
This is far better than the average fund my project ico, this contributes to the crypto market like all the top ones do. Wow! Someone who really gets it! Wow, 800k plus already funded in this week. DCORP will be next to bitcoin in the future because of that crowdsale. And I think next week the current fund now will be doubled in next week.
Next bitcoin might be pushing it, but it could be close to it or be at par with the current well traded coins like ETH, LTC and XMR. It is promising, that is why people are really investing money into the project and the devs are very active with the community. I guess, after launch we could expect a sudden rise in price, so buying now would be the best choice. Their are so many coins which went good in ICO but as soon as it gets launch in exchange their rates go down and it is natural because in the starting their will be dump through lot of options, like bounty coins, weak hands who seeing small profit are just selling it seeing small dump in price. So i will wait till launch and then i will buy it and keep for long term. I find myself using the same strategy lately for several reasons. In most cases, you can obtain the coin/token/asset when it becomes available for sale on an exchange right after the ICO, usually for a better price than participating in the ICO (due to the eager dummies who want to make a quick penny & sell them much too low, and/or those who received free tokens via a bounty and/or signature campaign and just don't care what they sell for). Secondly, with so many ICO's these days, it becomes a pain to keep track of the ones you have participated in, & then afterwards have to jump through a ton of hoops to convert your ICO tokens. Lately it just seems much easier (and often cheaper) to wait until after the ICO & purchase right after they are available on an exchange. Lastly, waiting helps prevent bad investments at times. There have been a few ICO's I had planned on participating in, ended up not participating in for one reason or another, and watched the coin/token/asset plummet for a number of different reasons. I realize startup capital is often the only way to start a new project, but have seen many succeed without an ICO (or very little capital) at the same time. Initial distribution in the form of an ICO is becoming a "thing of the past" in my opinion, & as I've seen others become very successful with no ICO's, I know alternative methods are possible (and equally effective)! Hi there, we're aware of dumping habits and took the measures we could to prevent dumping. As noted before: DCORP bounties were paid in eth and/or btc. No one got DRP for free. This token can not be mined. You either buy it form the ICO or you hope one of us takes a loss on the exchange..... If you are hoping for it to be sold cheaper on an exchange at a loss....good luck. In my opinion an ICO also serves the purpose of building a user base and involving those users in the development of the project, someone who has a stake in the project benefits from participating and can provide valuable feedback / insights. If not through the ICO, I'm happy to welcome you when trading starts! Looks promising, maybe you get bigger investors on board. When exactly will the ICO end? Exact day? And do you plan on launching it on the big exchanges or liqui?
DRP implements the ERC20 interface, it should be really easy for all exchanges to implement. The ICO ends June 30 12:00PM CET Their are so many coins which went good in ICO but as soon as it gets launch in exchange their rates go down and it is natural because in the starting their will be dump through lot of options, like bounty coins, weak hands who seeing small profit are just selling it seeing small dump in price. So i will wait till launch and then i will buy it and keep for long term.
That wont be the case with every ICO,there are other successful projects where the price tripled more than the ICO valuation,since this ICO does not have any bounty in the form of DCORP token ,there wont be any dumpsters as they have taken a wise decision to pay in bitcoin rather than their token. It's not with the bountry but with the investors. Tokens came from joining the crowdfund and not thru bounty so still it's vulnerable to dumping scene like always in every project once it was established in an exchange. What is the connection if they pay in bitcoin and because of that they will not be proned to dumpsters? Every token is paid for, none are given away for free as bounties, there is no unsold amount of DRP. Can someone help me clarify that I've done everything okay - I sent 1ETH from MyEtherWallet to the DCorp Crowdsale address, via my Ledger Nano S, and when I check how much I've received it does show 550 DRP. So everything looks fine I guess, but since I sent from my Ledger Nano S will that make it difficult receiving my tokens once it's released? I'm new to the crypto-world Welcome! No difference at all, you only have to go to MyEtherWallet (MEW) to interact with the DRP tokens. Wow! Thanks! |
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Does the DCORP team have a lock-up period on any tokens they receive?
October 2018 Is 82310 gas guaranteed to execute the contract? I am new to ETH but I've been reading some horror stories that many miners reject any gas at all.
82310 gas is needed to execute the transaction at this stage, if you provide extra gas it will be converted to ether and is refunded to you. Miners can reject if the gas price (wei per gas) is too low. Can anyone who understands the whitepaper better than me or DCORP dev answer my question? This project seems really intriguing but what separates it from other ICO's like NVO and openANX that are claiming decentralized exchanges? I know first mover advantage is a big thing in the crypto world is this really the first project aiming to build a crypto derivative platform from the ground up? Will DCORP tokens be tied to the inherent value of the derivatives market or by having a share in the company with DCORP token we can vote on future projects? I'm trying to figure out if the derivatives market is the main focus of the DCORP team or just the first step in a larger movement? Thanks for your time guys I admit I'm not very smart when it comes to these things but I get the sense if this becomes the DE FACTO derivative platform for crypto its gonna be a fairly huge deal.  Good question and thanks for posting! DCORP is bringing derivatives to the blockchain, it's a first step in a larger movement. Eventually we hope to see the 'stock market on the blockchain' where exposure to traditional stocks and derivatives which derive their value from those stock tokens are exchanged on the blockchain. DCORP is owned by the DRP token holders. DCORP uses the ETH it holds to fund various projects, such as the derivatives exchange. The profits of those projects, a fee collected from premiums in the derivatives exchange’s case, flows back to DCORP directly. The profit (ETH) is at the disposal of the token holder's (relationship between DRP and ETH), so they can vote to pay out dividends or fund other projects. DRP is considered a share in a company while ETH is more like the currency of Ethereum. A preview from a video we're developing: We've anticipated a future where traditional stocks, indexes, and currencies (and other cryptocurrencies such as Bitcoin) are all represented by tokens on the Ethereum blockchain. All while being backed by a traditional asset hold on a third party account, such as a law firm. These tokens (exposure to the asset) will be traded and will be used as the underlying assets of which the derivative contract derives it’s value, creating an on-blockchain economy over time. Be part of the future, be part of the now. |
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I am getting failed attempts using the default gas limit 21000 when trying to buy DRP using ETH from myetherwallet.com "Warning! Error encountered during contract execution [Out of gas] "there is no mention of gas limit required on the site. anyone else had this problem and sorted it? EDIT: I found this article, and did not know we need to set gas limit higher than default 21000 for ICO's https://www.easyeth.com/participating-in-ico-with-myetherwallet.htmlanyway can a dev please advise what gas limit we should be setting to buy DRP, every time I try it is costing me the tx fee if it fails, so would prefer a response before trying again, thanks. Thanks for participating! Creating DRP (or any other token) costs a bit more gas due to more code being executed. The execution costs 82310 gas, also see https://etherscan.io/address/0xD42433A8a0A1CEB73c8ff4e432463e2ee109039d |
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Why not focus on Derivatives???...there are already too many venture capitalism coins...Crypto markets have no options like the stock market does...You could be the only coin that gives people ability to trade options on their currency....for example... focus on the top 5.....imagine...with DCORP someone can sell someone else the right to buy there BTC 3 months out for $2500 at a premium of $150...So the BTC holder will make $2650 no matter what...the buyer of the option would profit anything above $2650. So if he buy (10 options) and BTC goes to $2900 3 months out his profit is 10 x $250 = $2500. You could also help top 5 crypto currency holders to buy puts or the right to sell there BTC 3 months out for $2500 for $150 if the price drops below $2500, its a win win situation for everyone and DCORP might even surpass BTC. People would be able to make so much money with DCORP. You could have developers create a system to accomplish this but you need a trusted escrow service. This would be the best coin ever if you did.
Hi there! That's exactly what we're doing! The decentralized corporation (DCORP) is there to give structure to the organization and arrange ownership of the derivatives exchange and other future projects. A decentralized platform deserves a decentralized management structure we believe.
Or with a metaphor:
if (DCORP == Alphabet) {
DerivativesExchange = Google;
}
The crypto world needs derivatives, decentralized futures, and options enabling you to hedge your risks or speculate on-blockchain. Bringing more people, investors, and speculators to the blockchain. Taking the decentralized financial word to unknown heights. We've anticipated a future where traditional stocks, indexes, and currencies (and other cryptocurrencies such as Bitcoin) are all represented by tokens on the Ethereum blockchain. All while being backed by a traditional asset hold on a third party account, such as a law firm. These tokens (exposure to the asset) will be traded and will be used as the underlying assets of which the derivative contract derives it’s value, creating an on-blockchain economy over time. Be part of the future, be part of the now. We're in the process of developing a video about this! Stay tuned! |
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Could you post a link to the roadmap etc., please?
Didn't find it via google.
https://www.dcorp.it/crowdsale#roadmap It's also in the whitepaper Sorry to ask but why let you decide the shareholders to vote about the submitted proposal. Is it the only requirement to see the projects
accepted ? Because even if 100% of shareholders are agree and for vote it, it doesn't mean it is a do-able and viable project.
Or i misunderstand something ?
For sure the shareholders will have a valid reason to base their decision. And maybe the options for the projects will be based still from the developers so shareholders will still be deciding within the bounds of the whole thing, thus just choosing a better path for everybody. But let's see what the devs have to say about this. Still trying to understand. I have finished to read from page 14 to 25. It's possible I missed an explanation, but not easy with those useless posts like "follow Dcorp on twitter" "check out my video" Now I am going to read from page 1 to 14, in case it has already been explained  That's true, but that is also democracy. It's the shareholders ETH that the same shareholders are voting about. Good idea, still have no clue what a decentralized corporation really means in this context here.. Sorry to ask but why let you decide the shareholders to vote about the submitted proposal. Is it the only requirement to see the projects
accepted ? Because even if 100% of shareholders are agree and for vote it, it doesn't mean it is a do-able and viable project.
Or i misunderstand something ?
For sure the shareholders will have a valid reason to base their decision. And maybe the options for the projects will be based still from the developers so shareholders will still be deciding within the bounds of the whole thing, thus just choosing a better path for everybody. But let's see what the devs have to say about this. Still trying to understand. I have finished to read from page 14 to 25. It's possible I missed an explanation, but not easy with those useless posts like "follow Dcorp on twitter" "check out my video" Now I am going to read from page 1 to 14, in case it has already been explained The decentralized corporation (DCORP) is there to give structure to the organization and arrange ownership of the derivatives exchange and other future projects. A decentralized platform deserves a decentralized management structure we believe. Or with a metaphor: if (DCORP == Alphabet) { DerivativesExchange = Google; } We update the webpage with a list of wallets which can be used to join Dcorp. Url: https://www.dcorp.it/crowdsale#walletsRecommended: - Mist (official)
MetaMask (Chrome)
MyEtherWallet (MEW)
Confirmed: - Ledger Nano S wallet (article)
Trezor wallet (article)
Wallet missing? Let us know! Jaxx is one wallet to consider, maybe Jaxx doesn't offer generic support for ERC 20 tokens yet. You could use Jaxx but in order to interact with your DRP tokens you'd have to export your private key and import it into MEW for example. Your DRP tokens would not be gone though! Hi, I tried sending an ETH from my Ledger wallet to DCORP and the transaction on etherscan says "error - out of gas".
The gas amount from my Ledger wallet showed 21000.
I am not familiar with the 'gas' thing. Can anyone tell me what I need to do when I resend to make sure it goes through next time?
Thanks.
Gas is fuel for the Ethereum network, transaction fees for the miners. Because creating tokens involves more computing than a simple transfer it costs a bit more gas. On the page below you can see all transactions to the crowdsale that went through, if you click on them you see the amount of gas they used. You can match that amount of gas and try again, it should be adjustable in your wallet. https://etherscan.io/address/0xD42433A8a0A1CEB73c8ff4e432463e2ee109039d |
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I decided to invest a certain amount of ETH into some ICOs over the next two months. I don't know why but I can't justify putting much into this (I did get something on Angel day). For some reason to me it seems like a high risk project. I think it will either blow up or fizzle out completely, it probably depends on the projects that are chosen (at least we get a vote on that)
Hi Gantzer, thanks for joining! You have to believe in the derivatives exchange, that's the project that we're building. Personally I believe it will be a game changes! Some advantages as I see it: - Decentralized options and futures exchange
- Revolutionary decentralized leverage and hedging solutions
- Brings more people to cryptocurrency trading and investing by providing the tools they know and trust
- Creates the opportunity to safely mange risks in a fluctuating market
- Creates the opportunity to speculate in a trustless way
- In the traditional world derivatives are among the most common financial tools used today (why are they not on the blockchain yet?)
- Enter into derivatives contracts trustless and anonymously or trade an existing derivatives contract by just sending ETH to it
escrow?
slack?
i dont understand the system, the investors can vote on projects, what can the 7 directors do? and how a 7 directos democrazy?
answer pls Yes the investors can vote on the project The boardmembers has elimited power and are elected by the token holders. Please read the whitepaper about all the details. Board of Directors The elected Board of Directors (B of D) is able to make most governance decisions on behalf of the shareholders. Board members are compensated for the tasks they perform and are rewarded when their decisions lead to profit. Democratic Ultimately, the power lies with the shareholders: through voting on proposals and the votes of elected board members. strange system, and how do shareholders get rewarded? By having the ability to vote lol voting is not a reward, its an effort, i ment do they get any revenue or stakes? The token is like a share in a company, DCORP in this case. It allows to vote, entitles to dividends and can be traded through exchanges or by sending it to another ETH address directly. The derivatives exchange is owned by DCORP, any fees it collects from paid premiums are transferred to DCORP automatically. The profits along with the remaining 51% of the raised Eth which remains in the contract can be used to fund future projects, we aim to enter into joint ventures with other developers / entrepreneurs, providing technical, legal and marketing experience. We believe that the prospects of growth and dividend can boost the DRP token. A more detailed description is in the whitepaper are the dividends and the dev share in the smart contract concluded? Yes, all recorded in the smart-contract and voted on by DRP token holders time to buy some dcorp , so the price will rice after ico when it's added to exchange ? Can't look into the future but everything is being done to ensure it's value (no unsold amount, started out with 0, all on the blockchain, no DRP given away for free) I have invested in this.
Can i ask the dcorp team to post a video of themselves promoting this? I would like to see them in action
That's a good idea, for now we're working around the clock! We're looking into that! Here the new updating about DCORP. The First Milestone has been reached! And still 4 weeks of crowdsale to go. Yesterday was Angel Day - the start of the DCORP Crowdsale. Already after the first day, we have reached the first funding milestone! Thanks for your contributions - both in ETH as well as in words! We have lift-off... Onwards! We hope you have all succeeded to join the crowdsale, or are still planning to do so. We have received a lot of positive reactions from everyone, which confirms our belief that we are really on to something here that has great potential for all of us (yes, this means you as a DCORP shareholder). The first project: building a decentralized derivatives exchange on blockchain Now it is key to keep on pushing forward, and spread the news about the success of DCORP. We aim to raise additional funding to also directly be able to launch the seed project, building the world's first decentralized derivatives exchange on blockchain. As a reminder, more information about the derivatives exchange can be found here: https://www.dcorp.it/#derivatives-exchangenice, yes we need a blockchain tech for derivatives-exchange, i also an option trader, i begin my trade in 2007, i support your project, will go a little investment here, as for risk management i must split my investment.. Thanks for your trust! And yes, spreading is the only risk management strategy you can apply now, hence why we need derivatives Arliw Neatprom has been introduced as Software Engineer, but her profile at Linkedin mentions that she is a web designer. You should use correct titles for your team, otherwise it will raise questions on minds of your investors. Thanks for pointing it out! She is a software engineer with experience in ORC and machine learning but she's fulfilling the role of web designer here. Edited on the website! I have invested in this.
Can i ask the dcorp team to post a video of themselves promoting this? I would like to see them in action
Repeating myself, to make sure we have a real team pushing this. I want to see evidence that this team is who they say they are. The project deserves funding, but people dobot like the risk of scam. So, Hanso, what do you say? Hi there, we've had many interviews on Skype and there where background checks done too. Feel free to video call us on Skype and please see this thread on Reddit: https://www.reddit.com/r/dcorp/comments/6dcsnj/due_diligence_questions_disclaimerwhitepaper/ |
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Hello guys, Pardon me for my late reply, my focus was on the crowdsale. We've helped a lot of people with their transactions and the whole thing went smooth. We've had 641 participants until now, thanks for your participation and trust! Kind regards, Frank Bonnet escrow?
slack?
i dont understand the system, the investors can vote on projects, what can the 7 directors do? and how a 7 directos democrazy?
answer pls Yes the investors can vote on the project The boardmembers has elimited power and are elected by the token holders. Please read the whitepaper about all the details. Board of Directors The elected Board of Directors (B of D) is able to make most governance decisions on behalf of the shareholders. Board members are compensated for the tasks they perform and are rewarded when their decisions lead to profit. Democratic Ultimately, the power lies with the shareholders: through voting on proposals and the votes of elected board members. strange system, and how do shareholders get rewarded? By having the ability to vote lol voting is not a reward, its an effort, i ment do they get any revenue or stakes? And with the payout of dividend if proposed and voted in favor (by the token holders). The B of D is there so that the token holders (you) does not have to vote about each and every minor decision, just like in the real world. Why would we change proven concepts, right? Except for making it fair and transparent through the blockchain. Besides this, we hope that the prospect of growth and dividends will make it more and more interesting to hold on to DRP as it can increase it's value. Get Ready for the crowdsale Today, is Angel Day - the start of the DCORP Crowdsale. Almost there... Are you ready? Today at 12:00 CET, the DCORP crowdsale will start. Dear future shareholder of DCORP (so we hope), We hope you're all set to join the crowdsale. At 12:00 CET the adress to participate will be published here: https://www.dcorp.it/crowdsale#countdownGo there, don't be late ;-) You can only send ETH from a real Ether wallet - don’t send it directly from an exchange! Also, it is only possible to buy DRP (our token) with ETH, no other coins. I got in 70eth... to bad I couldnt do more. I think this is going to be a big winner. Thanks for joining DCORP! Great to have you on board! As I am opening https://www.dcorp.it/, it keeps on loading. Maybe because of the traffic from many participants joining the ICO. Anyways, is there an appropriate browser for this site? I am using google chrome and it's really hard for me to enter. You can join by just sending ETH to the crowdsale address, the whole crowdsale is a smart-contract. PM me if the website still is not working for you. I have also joined. How can I see the token in Myetherwallet, what are the settings for "Custom Token"?
@DCORP Team, can you provide these informations so that we can see DCORP on Myetherwallet? Needed for Custom Token: Address Token Symbol Decimals Thanks! Sure! https://www.youtube.com/watch?v=fERhlyUhllIGood project.
I saw weird comparison to exscudo on earlier pages. To me, exscudo is a real scam. Dcorp is legit
I am in, price a bit steep for waiting1 year to really shine. But great idea and good team; I am not doibtibg success
Thanks for the kind words! And welcome to the family! Question:
If less is invested than max, does this mean i am relatively speaking a bigger shareholder? (Assuming minimum fund is reached)
Correct! It's all relative Doing good doing good for a 💩 project
Thanks I guess I have also joined. How can I see the token in Myetherwallet, what are the settings for "Custom Token"?
@DCORP Team, can you provide these informations so that we can see DCORP on Myetherwallet? Needed for Custom Token: Address Token Symbol Decimals Thanks! Yes! I am also looking for the same info for MyEtherWallet! (Still downloading Ethereum wallet for days...) Contract Address: 0x621d78f2ef2fd937bfca696cabaf9a779f59b3ed Token symbol: DRP Decimals: 2 So I'm seeing DRPCrowdsale w/ the address listed on DCORP's website. https://etherscan.io/contractsVerifiedWhy is the one you provided different? Thx Try this: https://www.youtube.com/watch?v=fERhlyUhllII have also joined. How can I see the token in Myetherwallet, what are the settings for "Custom Token"?
@DCORP Team, can you provide these informations so that we can see DCORP on Myetherwallet? Needed for Custom Token: Address Token Symbol Decimals Thanks! Yes! I am also looking for the same info for MyEtherWallet! (Still downloading Ethereum wallet for days...) Contract Address: 0x621d78f2ef2fd937bfca696cabaf9a779f59b3ed Token symbol: DRP Decimals: 2 Hello dev, is this the real custom token for Dcorp token? As I know the tokens distribution is not yet ready, how can is this man found this. Am I miss some post here or what? Hi there! Thanks for participating! The crowdsale is a smart-contact managing the token (also on the blockchain), the whole process is on the blockchain, fair and square. Your tokens are created by the crowdsale smart-contract and they are locked until the first stage of the project is developed, shareholders (you guys) get to vote on that. So to answer your question, yes: Your tokens are already on the blockchain save and sound. I was reading this thread as a guest. A few observations:
Hancoleek has avoided answering a few specific questions.
KnightElite and DevilSlayer keep posting very close to each other. Their accounts were created in the month of May and have posts in similar boards.
If an investment of 0.75M euros is needed, how does 0.5M euros make it a successful 2 days of the crowdsale? Couple of ICOs were sold out within 1 day.
Where is any existing tool prepared by the developers? A demo of the voting site for the shareholders could be easily showcased.
Welcome to the forum and to our thread! Hanscoleek is not a dev, Corben and me are. I'd normally reply sooner but I've been crazy busy with the crowdsale. I'm happy to answer any questions you have! I don't know about KnightElite and DevilSlayer, they might just believe in the project and possibly have some Eth at stake now. Crowdsale runs for 29 days, we didn't advertise the crowdsale big time before Angel Day. There are 641 involved participants that collectively raised 500k in a day, I think that's a great start! In my opinion, much better than having some whales move in at the first day. Tools: Decentralized crowdsale: https://etherscan.io/address/0xD42433A8a0A1CEB73c8ff4e432463e2ee109039dToken: https://etherscan.io/address/0x621d78f2ef2fd937bfca696cabaf9a779f59b3edThe website offers services to read from the contacts, there are video's that explain the process. |
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Why do you dare to ask for 9 million?This is like Aragon?
That's the max cap of which more than half (51%) remains in the contracts under the full control of the token holders. DCORP is indeed a decentralized organization, we use that organization to give structure to the projects we develop, the first being the derivatives exchange. We like to see DCORP (the decentralized organization part) as a means to an end, regulating decision making and profit distribution in a democratic way, regarding the exchange and any future projects. It also attracts new talent and leaves room for growth. Why 9.5 MM? Because we will use almost half (49%) of this amount to develop, test, review, market, comply with regulation, and test (again and again) DCORP and the derivatives exchange platform, which is a huge undertaking and requires serious security solutions and reviews. It's fintech and we need to make sure that we can trust it with our money, I hope you can appreciate that. Why do you dare to ask for 9 million?This is like Aragon?
I don't even think this project has any development done. Even then they need to vote to create applications. First development time then more development time...... At least 1 year if it is successful for investor to just see their investment back. Hello AmarO, the derivatives exchange platform and DCORP itself are not developed yet (if we'd developed the platforms already, why would we need funding? That should raise some questions.. ). There is a roadmap in the whitepaper, under the section 'Roadmap' and the same roadmap is on the crowdsale page on https://www.dcorp.it/crowdsale (you have to scroll down a bit). The roadmap is a prediction (we can't look into the future), but our developers have 25 years of combined experience developing fintech. Why do you dare to ask for 9 million?This is like Aragon?
I don't even think this project has any development done. Even then they need to vote to create applications. First development time then more development time...... At least 1 year if it is successful for investor to just see their investment back. It all depends upon how successful the crowd sale is going to be,each and every initial company in the crypto currency has a project in mind and to make that project a reality they have to source the funds and then start on the project,i think it will be a successful campaign like the rest and reach the target pretty soon. It truly depends on what is the outcome of their sales but as I've see they've go a solid project and as I read their white paper quitely they are good in some aspects and I can say Im impressed and will contribute good to this project in future. I will list this coin on my Ledger and wait for further development. And i think its not good to just compare projects to other projects. Crowd funding hasnt started yet and i don't think the team will not invest in a project if they cant seem to have seen all the aspects and perspective to run project. I agree that we just have to wait it's success. Just so you know, you'll have to wait years maybe because none of the project development has started. They have to make the exchange first then everyone has to propose ideas and then they have to develop one. They're basically asking for you to pay them first before any work then they'll create the exchange and you guys can vote on future projects which will take lots of time to create again. Also others will grab the idea and create it before them. So derivatives exchange can be created by someone else faster and better. That's why it is better to develop first then announce ICO. Prepare to wait a long time to make a return on this, the Crypto landscape is always changing so who knows. Great idea but I don't know if investors will make their money back. Hello again AmarO If you have a look at the roadmap you'll see that the total development will take 13 months, not years. This could even be faster in the case of a very successful crowdsale as we would be able to hire more manpower. About the funding and voting on other projects; We have ideas to extend on the derivatives exchange in the future, to add tokens to it that represent a share in a traditional company for example. We like the idea to develop this with the community instead of for the community, we like the idea of giving a vote to the eventual user. Besides that, it will allow others with great ideas to join us, leaving room for growth. In fact, we're already talking to developers about this, you could have a look at our slack channel for example and see the conversation about the topic. I disagree with your statement that it's better to develop first and then announce the ICO. We need the raised Eth to develop DCORP and the derivatives exchange, suppose we'd funded the development our self, what would we need the crowdsale for? Besides for funding, we think it's great that people get involved in the development process this way. We end up developing a product that the people want, and not only what we think the people want. |
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Almost 50% of funding will literally go to these guys, only 50% will be for the shareholders. So you guys are basically losing 50% of your investment like that. Why are they asking for this much? Also there is no maximum limit in their ICO that will last weeks, this is crazy. They literally set no max but they set a minimum. Development People 22%, General & Adminstrative People 6%, Marketing guy 4%, Lawyer guy 3%, IT Security guy 2%.
37%!?!?!
What type of shit is this?
Look in the WhitePaper they even put all their ETH addresses, what a bunch of shills. Let's all just make a Telegram chat and choose which projects to invest our money in, everyone can invest their money 100%. This is unbelievable, they want you to pay them 50% of the funds and then you guys all come together to decide which projects to invest in with the 50% leftover, hahaha! Let's just make a telegram chat and everyone can keep their money.
Unlimited funding ICO with no max and whitepaper includes all of their ETH addresses, haha! Whoever falls for this, smh!
Sometimes you have to dig deep to uncover the truth guys even if it looks good on the outside. This ICO is a big Red Flag.
Hello AmarO, though I realize that you've posted here just to troll and that you didn't read the whitepaper, I'm answering in the hopes it might benefit someone who is serious about securities. Besides being very rude there is not one part of your post that is based on truth. There is a max cap and the percentages are simply wrong, anyone can verify this by reading the whitepaper. The Ether accounts are in the whitepaper to link them to the members of the B of D who are operating in an anonymous environment (for transparency purposes). Off course a part of the raised Ether is used to fund the development of DCORP and the derivatives exchange, no secret there either.. I would like to invite anyone who is interested in a serious review to read the post on Reddit ( https://www.reddit.com/r/dcorp/comments/6dcsnj/due_diligence_questions_disclaimerwhitepaper/), look at the results of the code review, do a code review yourself or do a background check on any of my team members, as was done several times before. Those percentages are from the Whitepaper.. Look 50% of shareholders funds are spent on blah blah, then 50% left to invest where ideas will be voted on. So 50% gone and 50% left to invest. If there is an idea I don't like but majority vote for it then too bad for me. Why is it not better for me to just invest in ICOs I trust? Why should I join your organization where I must lose 50% of my investment then vote on proposal investments with the 50% left? Also when you cash out of those projects you dump the coins on the market? Hello AmarO, thanks for being less rude, we can have a normal conversation about it My name is Frank Bonnet, I'm one of the Solidity developers working on the project. First of all, nobody is forcing you to be part of this ICO. In fact, personally I prefer that the people who join DCORP (through the ICO) believe in the project as much as we do. 49% of the investment is not lost, it is used to develop DCORP and to develop a complete decentralized derivatives exchange (a unique on-blockchain platform to trade decentralized option and future contracts). Derivatives play a huge role in the traditional world and will enable users of cryptocurrencies to hedge their risks and allow leverage trading, all trustless and on the Ethereum network. Derivatives can even bring a much larger audience to the blockchain. The derivatives exchange is owned by DCORP (and thus by its shareholders) and generates Ether for them through collecting fees from premiums. Building such a platform in a new environment with limited resources is a huge undertaking and comes with huge responsibilities you can imagine. Now, the remaining 51% of the Ether allows the token holders to decide which projects we should develop next or it allows new talent to join the organization. Voting on the development of the derivatives exchange is unnecessary, because during the ICO you can already decide if you join or not. It also serves the purpose of backing the value of DRP, the remaining Ether and the prospect of dividend and growth. I don't see how I (we) could dump coins on the market after cashing out those projects. Can you explain please? I hope I've answered the rest of your questions. |
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Almost 50% of funding will literally go to these guys, only 50% will be for the shareholders. So you guys are basically losing 50% of your investment like that. Why are they asking for this much? Also there is no maximum limit in their ICO that will last weeks, this is crazy. They literally set no max but they set a minimum. Development People 22%, General & Adminstrative People 6%, Marketing guy 4%, Lawyer guy 3%, IT Security guy 2%.
37%!?!?!
What type of shit is this?
Look in the WhitePaper they even put all their ETH addresses, what a bunch of shills. Let's all just make a Telegram chat and choose which projects to invest our money in, everyone can invest their money 100%. This is unbelievable, they want you to pay them 50% of the funds and then you guys all come together to decide which projects to invest in with the 50% leftover, hahaha! Let's just make a telegram chat and everyone can keep their money.
Unlimited funding ICO with no max and whitepaper includes all of their ETH addresses, haha! Whoever falls for this, smh!
Sometimes you have to dig deep to uncover the truth guys even if it looks good on the outside. This ICO is a big Red Flag.
Hello AmarO, though I realize that you've posted here just to troll and that you didn't read the whitepaper, I'm answering in the hopes it might benefit someone who is serious about securities. Besides being very rude there is not one part of your post that is based on truth. There is a max cap and the percentages are simply wrong, anyone can verify this by reading the whitepaper. The Ether accounts are in the whitepaper to link them to the members of the B of D who are operating in an anonymous environment (for transparency purposes). Off course a part of the raised Ether is used to fund the development of DCORP and the derivatives exchange, no secret there either.. I would like to invite anyone who is interested in a serious review to read the post on Reddit ( https://www.reddit.com/r/dcorp/comments/6dcsnj/due_diligence_questions_disclaimerwhitepaper/), look at the results of the code review, do a code review yourself or do a background check on any of my team members, as was done several times before. |
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For Derivative, If Person A and person B agree they will trade 1 ETH for $200 in 7 days, what happens if Person B goes bankrupt?
We've introduced ' futures with ascending stakes' to solve that problem, it's described in the whitepaper under section FUTURES WITH ASCENDING STAKES. The whole derivatives exchange allows for trustless leverage trading and hedging. For what happening right now, its a battle of ico's. Many investors will keep an eye on this coin. Will try all the possibility to have this coin on the day of crowdsale.
This crowdsale just ended for a token that seems very similar. Veritaseum https://bitcointalk.org/index.php?topic=1887061.0Nice music and charismatic guy! I don't see the 'very similar' since we're building a decentralized derivatives exchange featuring options and futures to hedge risks and allow trustless leverage trading between cryptocurrencies on the Ethereum network. Our whitepaper includes a detailed description on how we will bring derivatives to the Ethereum network. Additionally I'd like to know how one could extract the assets (Apple for example) from the Ethereum blockchain without relying on (trusting) a centralized entity. |
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