How much is the 500000 BTW worth in USD? I can calculate with the current market prices in that exchange, but I'm asking about the ICO prices. I mean, is it equivalent to having bought how many USD work of tokens?
ICO price was $0.12 so if you intend purchasing 500,000 BTW that should be $60,000. I don't know the current market price as they recently got listed on Coss, however i expect the price to be higher than ICO price hopefully given their proposed features and recent partnerships. Wow that's a substantial giveaway.. Have they said what the rules are yet? IE is it the top 10 traders or something? Yeah its massive on the blog post it says normal COSS promo rules apply, I had a look into it and found this article from COSS director Rune Evensven: https://medium.com/@runeevensen/coss-io-update-february-22nd-2018-1aaab141bb2fRewards are split between the 50 top volume traders of BWT tokens on the COSS exchange. I also found out the listing price is $20,000 for direct listing of ERC20 token and $30,000 for a Separate chain token, which is very interesting! That's not too bad considering some of them charge upto $1million now.. I'm going to assume that because of the link between Coss and Bittwatt, they didn't have to pay that fee though haha One would think so.. or hosting the token sale might have been an additional cost for BittWatt. This isn't a normal procedure so I couldn't find any guidelines on prices for this service. They charge $5,000 in fees for the trading competition, and Bittwatt needs to donate the tokens for the prize. |
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have you already seen who is in the Superbloom team as an advisor? Guy & Galia Benartzi, co-founders of Bancor
So much better advisors you can not choose :-)
Wow, I am glad to hear that. I know that Bancor. It's very successful project. And now those people are working here as a adviser. Thats a good one. When did this get announced? Or is it old news? I remember it seeing this news already as well as new information. Nevertheless, Superbloom is definitely glowing a lot. They already updated on their web-page. Two members are from bancor and one more member you forgotten to mention. Jed McCaleb Founder and CTO of Stellar; previously co-founded and served as CTO of Ripple. https://www.superbloom.com/teamThat is a real boost for Superbloom. Does this mean that given Bancor they will be listing on there? I think the addition is amazing being able to get those on-board. No way to know I’d imagine it’s a better shot having people who know the exchange, but I imagine superbloom will still need to meet whatever requirements bancor has on new listings but I wouldn’t be surprise if it’s one of the exchanges they target early on Having someone on the inside will help Superbloom potentially get listed on Bancor, and they might be able to do it for a discounted rate, which would be fantastic for the team and for investors. |
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Yeah Bitfence's hard cap in USD is $50,000,000 this is a very high figure and it is a lot higher than the soft cap of $3,000,000.
It's nice to have big goals but I think the team needs to be realistic, I would revise the hard cap total and maybe lower it to a more achievable figure.
If they said goal is 2000 ETH then how they will calculate this softcap amount. Because of ETH price is not a stable. Today it is hit low 575. Then how they will decide it their 3,000,000 amount USD? I agree with you, i think they should just stick to the hardcap based on ethet or rather use a fixed eth value to calculate the hardcap. I think they must have made their estimates based on a lower ETH price so that even the fluctuations in price will not affect them. Just my thought though. I Mean some other projects do similar statement of hardcap on ETH and they survive. So there must be a way round it. Agree. But how estimated price. I mean if $ 3,000,000 they need for soft cap as we know ETH continuously falling then how they will reach their target? I mean if ETH hit again 500$ then how they will calculate amount with 2000 ETH goals? I found the Bitfence USD Hard cap on here: https://foundico.com/ico/bitfence.htmlMost soft caps/hard caps are set in dollars, this is because it makes it easier for investors to interpret. Thanks for sharing the link. I was also confused about the softcap amount as I was thinking its only mentioned in ETH and not in USD. That's why I like to make sure I do my research, maybe foundICO just calculated the hard cap figure themselves when they first posted about Bitfence. |
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From my understanding the process for miners to earn HNY token involves being able to capture hackers trying to hack Bitfence network and then share this threat with Bitfence, once Bitfence validates the threat with Bitfence risk scoring mechanism you get rewarded. The whole process looks like fun i'll be sure to partake in this.
I generally do not mine nor am I comfortable with it though but owing the way the mining operation of Bitfence has been structured and with the fact that energy consumption will be minimal, this is where I do love to start mining BitFence mining system is totally different from the once I've encountered. It basically doesn't need much from you, all you've got to do is to join Bitfence network with your honeypot in place and once a hacker comes knocking you share this threat and you're done. Yeah, I feel like the word 'mining' might have been an oversight from the marketing/dev team, it seems to be causing alot of confusion. Perhaps something like 'staking' or 'forging' would have been a better choice, as essentially the StingMiner functions much like a Masternode. It sits in your network and you get paid for uptime, and fingerprints of hackers successfully reported back to the network, there is no block solving going on, so it is the typical mining everyone expects. I think so too or it could have been a strategic decision, as soon as people see they can buy a RPI for $35 and 'mine' $HNY tokens then it will attract a lot of attention. Could you call it Proof of Hack/PoH? That would of been quite a good slogan to use for marketing/promo 'first project using PoH algo'. |
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With this the demand of those tokens will rise very high and a lot of people would like to buy it which will also increase the price per token.
No doubt seed tokens will be one of the most sought after token once superbloom platform fully launches. I myself can't wait for that period. The fantastic thing is that you are considered a 'member' if you hold even only 1 token. The higher tiers just provide larger rewards, so it's accessible to everyone. That is awesome, it means Superbloom is inclusive for all levels of investors, and if they make enough money for you, you can upgrade your membership by holding more SEED tokens and therefore have access to better benefits. Yeah, that was my plan, use my ICO rewards to get myself into the 10k+ SEED bracket for the 0% trading fees Yeah me too, 0% trading fees is a massive benefit of holding SEED tokens, I hope they list some interesting projects, is there any news about which ICO's they will start off with? |
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As you said earlier, that participant will be asked to fill KYC, for verification.
Is that also applied for any bounty campaign participant? since many people think that KYC isn't needed for bounty campaign participant.
If you do not plan to invest in a project, but only interested in bounty, you do not need to go through KYC. If you invest, you should understand that we plan to use your funds for the legal development of the project, and any bank will ask us for confirmation of the source of funds. In this way, KYC's request only further protects your investment and speaks of our serious approach to project implementation. I was about to say KYC for bounty participants might be a bit over the top, I'm glad the CryptOcean team do not require this information, KYC is only required for investors. Oh nice they've said that already? Seems to be a horrible trend lately of ICO's announcing KYC after the campaign finishes, knowing they won't have to pay a large percentage of people who don't want to do KYC. Yeah if you log in to the CryptoOcean ICO platform they are asking for KYC documents already, which is great. I do not understand why so many projects wait until after the ICO has ended to carry out their due diligence, because in effect they are allowing some people that might not have the proper documents to invest when in the end they just get refunded or potentially lose out. |
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Not that I’m aware of but could be wrong I know they have a really strong social team with a lot of updates so might be part of the reason constantly updating teams have more chance of a big following
Social media is a huge thing for these kind of new projects that need to do the correct marketing and advertising in order to get the funds required for a successful project Yes, when you want to make successfull crowdsale to need to be in constant contact with people. Social activity is the most important criterion for such kind of pojects. It's a pity that not every one understand this properly. Yeah that's true and Vanig have a really good online/social media presence. They post a lot of content and their team members, developers and VP's are very active online including their telegram channel. True, i can attest to this. Their social media outlets are always buzzing with activities, whenever i come across a project their social media presence is among the factors i consider before investing. I'm impressed with Vanig team and i feel comfortable investing in this project. On the subject of Buzzing, I cannot wait to see the MVP, it should be either this week or next from what i've heard.. If it looks as good as the screenshot they posted on Medium, it's going to be a fantastic platform. Me too after speaking to Brett on the Vanig telegram channel I can't wait to see all the special features that will be released. Development team are working extremely hard to get a public version ready as soon as possible without missing out on quality. |
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How much is the 500000 BTW worth in USD? I can calculate with the current market prices in that exchange, but I'm asking about the ICO prices. I mean, is it equivalent to having bought how many USD work of tokens?
ICO price was $0.12 so if you intend purchasing 500,000 BTW that should be $60,000. I don't know the current market price as they recently got listed on Coss, however i expect the price to be higher than ICO price hopefully given their proposed features and recent partnerships. Wow that's a substantial giveaway.. Have they said what the rules are yet? IE is it the top 10 traders or something? Yeah its massive on the blog post it says normal COSS promo rules apply, I had a look into it and found this article from COSS director Rune Evensven: https://medium.com/@runeevensen/coss-io-update-february-22nd-2018-1aaab141bb2fRewards are split between the 50 top volume traders of BWT tokens on the COSS exchange. I also found out the listing price is $20,000 for direct listing of ERC20 token and $30,000 for a Separate chain token, which is very interesting! |
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Yeah Bitfence's hard cap in USD is $50,000,000 this is a very high figure and it is a lot higher than the soft cap of $3,000,000.
It's nice to have big goals but I think the team needs to be realistic, I would revise the hard cap total and maybe lower it to a more achievable figure.
If they said goal is 2000 ETH then how they will calculate this softcap amount. Because of ETH price is not a stable. Today it is hit low 575. Then how they will decide it their 3,000,000 amount USD? I agree with you, i think they should just stick to the hardcap based on ethet or rather use a fixed eth value to calculate the hardcap. I think they must have made their estimates based on a lower ETH price so that even the fluctuations in price will not affect them. Just my thought though. I Mean some other projects do similar statement of hardcap on ETH and they survive. So there must be a way round it. Agree. But how estimated price. I mean if $ 3,000,000 they need for soft cap as we know ETH continuously falling then how they will reach their target? I mean if ETH hit again 500$ then how they will calculate amount with 2000 ETH goals? I found the Bitfence USD Hard cap on here: https://foundico.com/ico/bitfence.htmlMost soft caps/hard caps are set in dollars, this is because it makes it easier for investors to interpret. |
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With this the demand of those tokens will rise very high and a lot of people would like to buy it which will also increase the price per token.
No doubt seed tokens will be one of the most sought after token once superbloom platform fully launches. I myself can't wait for that period. The fantastic thing is that you are considered a 'member' if you hold even only 1 token. The higher tiers just provide larger rewards, so it's accessible to everyone. That is awesome, it means Superbloom is inclusive for all levels of investors, and if they make enough money for you, you can upgrade your membership by holding more SEED tokens and therefore have access to better benefits. |
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As you said earlier, that participant will be asked to fill KYC, for verification.
Is that also applied for any bounty campaign participant? since many people think that KYC isn't needed for bounty campaign participant.
If you do not plan to invest in a project, but only interested in bounty, you do not need to go through KYC. If you invest, you should understand that we plan to use your funds for the legal development of the project, and any bank will ask us for confirmation of the source of funds. In this way, KYC's request only further protects your investment and speaks of our serious approach to project implementation. I was about to say KYC for bounty participants might be a bit over the top, I'm glad the CryptOcean team do not require this information, KYC is only required for investors. |
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Not that I’m aware of but could be wrong I know they have a really strong social team with a lot of updates so might be part of the reason constantly updating teams have more chance of a big following
Social media is a huge thing for these kind of new projects that need to do the correct marketing and advertising in order to get the funds required for a successful project Yes, when you want to make successfull crowdsale to need to be in constant contact with people. Social activity is the most important criterion for such kind of pojects. It's a pity that not every one understand this properly. Yeah that's true and Vanig have a really good online/social media presence. They post a lot of content and their team members, developers and VP's are very active online including their telegram channel. |
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Good promo on Coss, even though they are a small exchange they are very supportive of the projects when they are listed, makes it worthwhile. Does anyone know if Bittwatt paid Coss for listing or if the exchange approached them with an offer? |
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Entering month of April, we are seeing the gradual increment on bitcoin's value. This leads to me this question, How stable is bitcoin? What are the factors indicating its constant movement aside from the fact that compared from the last years its value was unfathomable in a financial sense but sudden drops oppressing lots of investors. What sort of deem of hope to investors not to become disoriented and eventually selling there btc shares as its value decrease. What do you think guys?
It is not stable mate, not at all. Also, even though it's funny, I think the world "stable" is one such words that would not be related to this market in the long run. I say that because one of the key features of this market is how volatile assets can be, and so, it may drop down at any time, but it may also fall at any time. Just like the saying, "The only constant thing is change." I feel that that saying is the best words to describe this market, because the only stable thing to expect is how the assets will continuously move and change. Bitcoin and stability are not synonymous. I really agree with you, the only stable thing about bitcoin is that it's price will always be volatile, however bitcoin's unpredictability and it's unexpected climbs and falls are what makes it so interesting and exciting. |
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If we are not participated in ICO but joined airdrop. And if we are holding SEED tokens on their platform, so in that case they will consider us as a SEED members?
Yes... It's stated on the whitepaper that for one to become a member, you must hold seed token on the superbloom platform. And u can't get airdrop if you are not a member of superbloom platform. It creates an incentive for people to actually buy the SEED tokens and help support the project by making a want. I hope the marketing of the Superbloom project has stretched far and wide because this is a great project and it deserves large investment. |
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