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1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][IND][Closed] Indicium - Index Funds on a Blockchain Agnostic Protocol on: June 06, 2017, 12:17:36 AM
Indicium has concluded the collection of Series A funding with a maximum of $250,000. This is a great success! We will move forward with the creation of a minimum viable product and establishment of the distributed autonomous company. While it is not possible to be certain about the individuality of the Series A participants, we believe that over 30 unique IND token holders were created in this Series A round of funding.
2  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][IND][Closes Soon] Indicium - Index Funds on a Blockchain Agnostic Protocol on: May 25, 2017, 10:55:31 PM
Thank you for your offer, but we are not looking for translators at this time.
3  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][IND][Closes Soon] Indicium - Index Funds on a Blockchain Agnostic Protocol on: May 25, 2017, 03:05:52 AM
Series A has now closed. Prices were chosen using a 24-hour moving average on btc-e.com at 00:00 UTC on May 25th, 2017.

Bitcoin Price: $2341
Peercoin Price: $2.110

Using these prices, Indicium has been pledged over the $250,000 funding limit. As such, we are currently processing the wait list up to Position 10. All participants in Series A should have received a private message from the Indicium account.

Total Pledged Funds: $279,449

If bidders wish to calculate their approximate IND owed, please us the following formula, where I is the number of IND owed, P is the number of Peercoin that was bid, and B is the number of Bitcoin that was bid:
I = ( 2.110 P + 2341 B ) / 5

Thank you to everyone that participated, and to the Peercoin and cryptocurrency community as a whole. We are excited to build this project with you all!
4  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][IND][Closes Soon] Indicium - Index Funds on a Blockchain Agnostic Protocol on: May 22, 2017, 04:41:14 PM
There are ~2 days left in Series A funding. At current cryptocurrency prices we are still under our $250,000 funding limit, including the wait listed pledges. If you do not have a wait list position number, you are not on the wait list. Please feel free to continue pledging via private message up until Series A closes on May 24 at 23:59 UTC. Pledgers will be given one week to fulfill their bid on the relevant block chain after Series A closes. This will be made clear in individual private messages to the relevant parties.
5  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][IND] Indicium - Index Funds on a Blockchain Agnostic Protocol on: May 14, 2017, 09:12:29 PM
At current cryptocurrency rates, Indicium has received pledges and bids amounting to $205,000 (including wait listed pledges) with a wait list of 11 pledges so far. With 10 days to go before Series A closes, it is likely that we will be able to fill all requests, so please feel free to continue pledging.

To submit a pledge and be placed on the waitlist, send a private message to the Indicium account containing a cryptocurrency amount to be pledged (minimum 0.4 BTC and/or 500 PPC), and a Peercoin address that you own the private key to.
6  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][IND] Indicium - Index Funds on a Blockchain Agnostic Protocol on: May 04, 2017, 02:04:06 PM
We are pleased to announce that Indicium has received over $150,000 at current rates.  We have begun the process of waitlisting pledges and will continue to do so until pledging closes on Wed, May 24th at 23:59 UTC.  As a reminder, prices will be chosen using financial instruments such that direct price manipulation will be avoided as much as possible.  As such, the final price may deviate from naive 'last price' mechanisms.  If the final price is such that the current bids exceed $250,000, the multisig will return the funds of the most recent blockchain transactions first.  If the final price is such that current bids fall short of $250,000, we will prompt the waitlisted users to send their funds such that we attain funding as close to our limit as possible.  These users will have one week to send funds and secure their bid.

Please DO NOT send additional funds to our multisig addresses until prompted after Series A closes.
7  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][IND] Indicium - Index Funds on a Blockchain Agnostic Protocol on: April 27, 2017, 07:24:30 PM
With Peercoin's latest bull run to over $1/coin, it is good to review the reasons why the Peercoin blockchain is the best fit for Indicium.  Here, you can read about the history of Peercoin and how the community moved towards the concept of 'good money' that we are attempting to build with Indicium.  Advantages of using Peercoin as the host chain include a static fee of 0.01 PPC/KB, a blockchain smaller than 1 GB, responsive governance where burnt fees means minters are concerned with ppc use cases, and superior decentralization and security with minters located all over the world.  With Peerchemist as both an Indicium advisor and the new Project Leader for Peercoin, as well as several other intersections between the Peercoin and Indicium teams, the PeerAssets protocol is sure to grow and co-develop alongside the core Peercoin protocol.  With a blockchain agnostic protocol, Indicium is not fundamentally dependent on Peercoin, but rather uses the blockchain like a service.  We believe both organizations will benefit greatly from this decentralized and agnostic partnership.
8  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][IND] Indicium - Index Funds on a Blockchain Agnostic Protocol on: April 25, 2017, 05:29:39 PM
You can talk to the Indicium team directly at https://peercoin.chat/channel/indicium.  Make a free account (you can also use github to access) and have an informal discussion with us at any time.  You can also follow us on twitter @IndiciumETF to receive and retweet announcements about Indicium.
9  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][IND] Indicium - Index Funds on a Blockchain Agnostic Protocol on: April 23, 2017, 08:14:44 PM
The above account "mhps" is the account of another Indicium founder.

We are pleased to report that funding has reached well over $80k at current cryptocurrency prices, as shown at the BTC and PPC multisig addresses.  Short of a vast devaluing of Bitcoin and Peercoin in the next month, we will be moving forward with this project and produce a minimum viable product for Indicium.
10  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][IND] Indicium - Index Funds on a Blockchain Agnostic Protocol on: April 21, 2017, 09:24:40 PM
We do not have plans to provide liquidity for any pegging operation.  We intend on holding 100% reserves using multisig addresses and automated trading bots.  Customers will be able to buy or sell their index token for an equivalent amount of Bitcoin from Indicium directly (more similar to Tether than Bitshares or Nu).  This is not to be confused with IND as offered in the original post, which represent ownership in the DAC and have no guarantee of value.

The total initial distribution will be 100k IND tokens.  We have no current plans to further dilute after Series B, and will perform a token-holder vote before doing so.
11  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][IND] Indicium - Index Funds on a Blockchain Agnostic Protocol on: April 21, 2017, 09:02:11 PM
The above account "Nagalim" is the account of an Indicium founder.

Bidding opened on Friday the 14th, as evidenced here.  We reached our minimum funding goal on the 18th, announced here.  None of our funding has come with any 'strings attached' or private contract.  All series A IND will be given at the same USD price, as described in the original post.
12  Alternate cryptocurrencies / Announcements (Altcoins) / [ANN][IND][Closed] Indicium - Index Funds on a Blockchain Agnostic Protocol on: April 21, 2017, 06:35:48 PM
Indicium is a financially driven token-issuance DAC built using PeerAssets, hosted on the Peercoin blockchain.  It will form algorithmically chosen indices and baskets of cryptocurrencies and issue assets corresponding to the value of these baskets.  Peercoin dividends and voting rights will be given to Indicium (IND) holders as a representation of ownership in the DAC.  A federated approach will be taken, where a group of founders or a board of directors will perform managerial duties to facilitate operation.

A full business outline can be downloaded here.

Series A Investment Details
                                         Start date: Fri, 14.04.2017  00:01 UTC  Posted on the Peercoin forum
End date: Wed, 24.05.2017  23:59 UTC

Funds will be held in multisig reserve until all three founders (Fractals, Nagalim, and Mhps) come to consensus on how funds are to be spent.  All of these funds are to be used for realization of the Indicium business proposal and at the discretion of the token holders.

Accepted currencies: PPC and BTC
3-of-5 Multisig Participants: Nagalim, Mhps, Peerchemist, Saeveritt, Backpacker

Minimum Series A Funding Goal:  $50,000  Achieved!
Maximum Series A Funding Limit:  $250,000  Acheived!

The Indicium price will be formed after the conclusion of series A funding based on the submitted bids.  All series A tokens will be awarded at the same concluding price.  Upon reaching $150,000 of funding, or depending on the current market sentiments, Indicium will stop asking for funds to be sent directly to the above addresses, and will instead begin the process of making a "wait list".  At this point, all those who have pledged but not fulfilled their bid will be added to the beginning of the wait list.  When Series A concludes, bids on the wait list will be totaled and those exceeding $250,000 will not be invited to send funds unless an earlier spot is opened on the list.  We will provide pledgers with 7 days (one week) to respond to our requests for the pledged funds to be sent before we open the spot for the next person on the wait list.  In this way, we hope to reach precisely $250,000 of funding on a first come, first serve basis.

Total Initial Indicium Distribution: 100k
Series A: 50k
Series B: 40k
Founding: 7.5k
PA advisors: 1.5k
Organizer: 0.5k
Reserved: 0.5k

To place a bid in Series A funding please message the @Indicium account here or on the Peercoin forum (https://talk.peercoin.net) with a cryptocurrency amount to be sent (minimum 0.4 BTC and/or 500 PPC), and a Peercoin address that you own to award the IND to.  The Bitcoin/Peercoin price will be chosen on May 24th at 23:59 UTC 2017 no matter what pledges or bids we receive.  This will be done by looking at the order books, last prices, and  24-hour averages on btc-e.com, as we feel it is most relevant to our project, but also heavily relying on other price feeds and/or analysis mechanisms.  Ultimately, the final prices will be chosen by consensus amongst the Founders, who are not exempt from participation in Series A funding.  Please wait for confirmation for your bid from the @Indicium account via private message before sending anything to an Indicium address.  The current state of funding can be seen at the following addresses:

In the extreme event where Bitcoin and/or Peercoin either gain or lose a vast amount of value by May 24th, Indicium will return funds to their sender or the address in the first input to the transaction in question if a sender cannot be identified.  As always, we reserve the right to reject any pledge or bid for any reason and return the funds sent to us.

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