There is actually 10% max cap per buyer, although the OP misses this section for some reason.
I asked Crypti to update it.

Just a slight correction, SWARM is crowd-funding for a new crypto-based incubator which hasn't offered anything substantial yet (beyond nice web-site and copyrighting), while Crypti is a real new product that already released public version, and is continuously being worked on.

My thoughts on possibly post-sale dumping are aligned with Grexx, and I fully agree that what counts is the team execution, rather then short-term speculations.

All our issuance is based on BTC, so unfortunately NXT owners will have to convert to BTC first.


As per max market cap, we considered it as well, however eventually reached a conclusion it's best to let the market decide. Limiting to max market cap is not fair to any potential late buyers, and alternatively trying to re-balance and refund everyone with excess funds at the end of pre-sale will be quite a difficult task with a high margin of error.

That said, Dgex quite successfully prevented high-worth NXT individual from purchasing a non-proportionally large amount of FIMK stake, and we believe same safeguards will be the solution for Crypti pre-sale.

Yep, I know, however is there a way to import portion of the asset?

As I have the golden tickets in a blockchain account, any way to import the priv key to counterwallet (rather then sweeping the funds)?

Some exciting news and updates (the thread OP will be updated later):

Dgex will participate the pre-sale as an escrow platform, in addition to Maxmint! Buyers will be able to either use their BTC / NXT balances (converting to BTC), or deposit and buy from the platform (with experience similar to FIMK IPO).

With this addition we hope to cater both to BTC and to NXT owners, the two crypto projects that we highly respect.


Cap per buyer of 10% will be introduced! Following community calls to ensure fairer distribution, we have decided to introduce a maximum buyer cap of 10% total funded, refunding any extra BTC received in the end of the process. Dgex will assist in this with their platform, and we are discussing possible methods with Maxmint.


Vesting for 15% + 0-10% (pending raised amounts) details are nearly agreed, we will post the exact details later with thread OP update.


With these changes, we hope the community will be even more assured in the quality of the project and the launch team joint commitment to it's success.

Just remembered that I've actually did buy a small stake directly, and got into the wallet on:
https://wallet.fimk.fi:7886/

The balance pops the following message:

I've already set up a nickname to account to enable the public key (for 0.1 FIM), any idea what else is missing?

Also, is it really safe to send the password seed to this hosted server for forging?

Please email support@spondoolies-tech.com, and include screenshots of just before clicking save, and afterwards.

Thanks.

Why about either Google Compute Cloud / AWS, or (if you look for the extra SSD speed) Digital Ocean / Linode?

We naturally want to raise as much as possible to ensure sufficient funding for Crypti, that said the free market will decide how much the Crypti potential worth.

As per 15%, I explained already several times why this needed (investor compensation and developers commitment).
It all comes to one fact - you can live with that and know that these 15% are used to ensure a solid future for Crypti, or you can't. As simple as that.

Unfortunately too well known human nature flaw, we are discussing some transparent mechanisms that will allow avoid or minimize it.

To be more exact:
* Raised funds are for purpose for further development, with monthly reporting
* 15% are being discussed (with vesting options - Sy).
* 10% are gradually lowered according to the raised sum. See OP for more details.

I frankly don't understand, why raised funds have to be capped, if they going to be managed by foundation?
Unfortunately we can't touch the 15%, due to them being distributed (and potentially vested) among the launch team (investor and developers).

Hence the additional 10% being distributed according to raised sum.

Again - the suggested solutions are:

* Vesting on the developers (to prevent P&D)
* Foundation that will control the raised BTC expenses, with monthly reports on their usage

I believe this solves your concerns?

You meant taking Crypti existing code and simply cloning it after tuning couple of parameters? It's indeed doable within even a day, though I wouldn't really call it development...

As per 15%, a hefty part of it going to investor who was willing to fund Crypti development up to this point. You believe he does not deserve it either, and should fund the development without compensation?

Regarding the remaining portion of 15% that goes to developers, vesting is exactly the mechanism that will ensure the developers fulfill the planned features.

While I agree with you that every new start is risky (Bitcoin and NXT anyone?), I do personally believe there are developers who do things for sake of advancing the crypto field (counterparty, ethereum, sia to name a few). We want to do the same with Crypti, hence we plan the budget so carefully so the team won't run of funds in the middle.

And as per 1 and 3, you will be happy to know these are under active discussions, and actually one of the reasons that we decided to postpone the pre-sale start.

I presume you can code Crypti clone in 2-3 days with all the described and planned features?
If yes, please let me know once you launch it, I will be the first to invest knowing there is such a rock-star developer beyond it.

Otherwise, I'd suggest you to hold on with these speculations until Crypti becomes available for download, so you could see the amount of (obfuscated for now) code there.

So, let me try and summarize what would be the terms ensuring the lowest risk, from your point of view:

* Vested developers Crypti, that will be released to developers as the time passes
* Capped sum per buyer, allowing to prevent "whailing" from heavy buyers
* Voted management of raised BTC funds, to ensure they are spent only for the benefit of Crypti progress

Am I correct?

Have you tried the beta (which Edge never had)?

Indeed, we seen that we are not ensuring a proper distribution in time and decided to push, rather then rush and have possible complications later on.