|
1061
|
Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source | IPO Started
|
on: July 16, 2014, 08:37:02 PM
|
We could be a little more precise and figure:
First 2 days with 30% bonus, 400 BTC invested............. 400X1.3= 512 parts
Second official day with 29% bonus, 200 BTC................ 200X1.29= 258 parts
Third official day with 28% bonus, 150 BTC.................. 150X1.28= 192 parts
total BTC, 750. Total parts .................................................... 962 parts
...
I got in 14th July and I can see my CRSALE in Bter balances. So I hope there was some stakes left that 5th day too? Or was that calculation of yours just an example, or do you read from somewhere that it was all sold by 13th June (28%)? I believe there were only 4 days where the sale will be accepted within the 750 BTC cap. There was the BTER pre-pre-sale, the first day of the pre-sale, the second day, and then the third day, where they went over the cap. If there are 27% buyers, it wont change the figures by more than a few hundred Cryptoshi for the 27% shares |
|
|
|
|
1062
|
Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source | IPO Started
|
on: July 16, 2014, 07:56:45 PM
|
Regarding extra cap BTC invested, I think we have these possible outcomes:
1) Developers agree to accept the invested BTC and max cap is raised a little bit. This isn't too good because shows lack of transparency of commitment. But extra btc investors would be happy and they could be useful to us
2) Developers don't accept the extra btc and not enough is refunded. Sucks to the people who invested and are forced to be out, but at least commitment is kept
3) Developers don't accept the extra btc and enough is refunded for the extra btc people join. That's good and a win/win situation but seems hardly someone would sell their stake now at 1:1
4) Developers sell their own stake to make it up for these extra btc. This would be the best possibility because it shows commitment, transparency and also that developers is altruist and cares about investors. Nobody gets dilluted and developers just lose a little bit of money, but still will hold a lot of it. Nobody loses and developers would win a lot of reputation in exchange of a few btc.
#4 was exactly what I suggested on the previous page. If you are going to rephrase my idea, at least give me credit. diba |
|
|
|
|
1063
|
Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source | IPO Started
|
on: July 16, 2014, 07:54:03 PM
|
Do we know how many coins will be distributed for a btc to the first day buyers?
About 113,000 without taking bonuses into account. less than that. We could be a little more precise and figure: First 2 days with 30% bonus, 400 BTC invested............. 400X1.3= 512 parts Second official day with 29% bonus, 200 BTC................ 200X1.29= 258 parts Third official day with 28% bonus, 150 BTC.................. 150X1.28= 192 parts total BTC, 750. Total parts .................................................... 962 parts Each part then is worth 88357 coins. Multiply parts by bonus to get: Share with 30% bonus.......... 114864 coins Share with 29% bonus.......... 113981 coins Share with 28% bonus.......... 113097 coins math check: 400 shares with 114864 coins each........... ~45.9million 200 shares with 113981 coins each.......... ~22.4million 150 shares with 113097 coins each.......... ~16.9million total.....................................................~85 million |
|
|
|
|
1064
|
Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source | IPO Started
|
on: July 16, 2014, 04:29:44 PM
|
|
The solution to the over investment in the presale is simple:
1) divide the 85 million CRYPTI coins among the 750 shares as agreed in the OP. This will then result in approx 113,000 coins per share.
2) the extra 10 shares purchased over the 750 cap, and not resold or a refund requested before the launch by the investor will be purchased at the price of 113,000 coins per share by the remaining 15 million coins held by the devs.
......................WIN/WIN................
|
|
|
|
|
1068
|
Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source | IPO Started
|
on: July 12, 2014, 06:05:49 PM
|
 there is nothing to prevent them from walking away from the coin later. except for having 15'000'000 coins which will cost 750 BTC if Crypti market cap is 5000 BTC and no reason to abandon launched and working coin This coin will probably be divided into 900 shares (750 BTC plus bonus). Each share will then be around 111,111.11 coins. Each coin will then have cost 900 satoshis. Do you feel that this coin can sell for more than 900 satoshi? If not: why are you investing If so: why do the devs need your money if they could sell this themselves on an exchange for 5000 satoshi? (think Ripple) |
|
|
|
|
1069
|
Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source | IPO Started
|
on: July 12, 2014, 05:48:22 PM
|
I'm offering a bet of any amount up to 1000 XCP to any participants that Crypti does not have a working reference client and is Vaporware. Stas Oskin: "The source code of the complete project and following updates will be provided in quarterly releases. This will protect buyers against early clones."
Method of Proof: A hash of the current Working Private Code is embedded into the Blockchain with Multisig or OP Return. A Counterparty Binary Bet is made on a Broadcast of a trusted-third-party with a deadline three Months from now when their code goes public the trusted-third-party broadcasts the outcome. Bitcoiner from Xbet.io has agreed to facilitate this Broadcast (though I am open to other trusted-third-parties) - with the following match conditions: bitcoiner (xbet.io): if what we need to do to decide the bet is check that hash, this is something that is possible. we cannot however check the insides of the code and assess their difference from nxt
bitcoiner (xbet.io): i think we can do something like this - we will download the code, run it, if we are able to perform a send from one client to another, and the source is in node.js like stas said, we will decide that stas wins. if we cant run it or we cant send from one client to the other or if the code is the same language as nxt (what is that btw?) you win There's a BETA client available.... test. Then don't go spamming your Vaporware outside of the forum thread, and I won't be here. Also if you actually do have a product thats up to 4.5 free BTC for you at 0 cost, so feel free to step up. Don't spam your vaporware outside of your forum thread and I wouldn't be on here. And if you actually do have a product that bet is up to 4BTC at 0 cost for any of you. So feel free to step up. I don't see any BETA client, I see a closed Source Wallet which might be running on an SQL server or directly on NXT testnet for all I know. Ok, it's vaporware. Now go I wouldn't be here if you weren't spamming your Vaporware outside your thread. Also if you really do have a product, that's up to 1000 Free XCP on the table, so feel free to step up. P.S. I'm not a troll, I'm the http://xcpfeeds.info developer. One of the persons involved in the development of Cryptsi Pump and Dump project was advertising it in Counterparty Chat. I responded by asking him to advertise his Vaporware somewhere else, and he insisted it is not Vaporware - Hence I'm offering Public Terms for someone to prove me wrong. BTW Counterparty was an original protocol with the code Open Source on Day #1. If you read the other 70 pages here, you will see that I am one of the biggest critics of this coin, and I have not been shy about posting my comments, but........... 1) I dont see this as vaporware. It is obvious that the devs ARE trying to launch a coin 2) they are developing a unique algo using java nodes, mainly because the dev is a java programer 3) they are really really trying to get this going However: 4) they are attempting to get their money upfront, rather than waiting to see if the coin is a success, thus transferring the risk of failure from the devs to the investors 5) they offer a coin into a very crowded market, without a marketable niche feature 6) their coin cannot be mined, only purchased in the pre-sale or exchange 7) all 100 million coins will be available on the first day of the launch, with maybe 40-60million hitting the exchange first day there is nothing to prevent them from walking away from the coin later. |
|
|
|
|
1071
|
Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source | IPO Started
|
on: July 12, 2014, 02:35:42 PM
|
Ok so if I buy for 1 BTC with BTER ESCROW, I also take the bonus right? and I get around 110k CRYPTI?
The total number of shares is unknown until the last day. The bonus goes down 1% every day. I used an average of 20% for the bonus, today the bonus is 28%. last day it is 1%. I am assuming that most of the money will come in the first week and the last two days. There are about 300 BTC invested so far, with a bonus of 30%. Thats already 390 shares. |
|
|
|
|
1073
|
Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source | IPO Started
|
on: July 12, 2014, 02:25:37 AM
|
please ELI5 - if Crypti raises a sh*t-ton of BTC, does that make it harder for IPO investors to get a return on their investment? Does it mean that a much higher market cap is required? (or do the Devs just make more money, and it does not effect ROI or market cap?)
thanks!
Of course. If the devs raise 500 BTC for this sale (including bonus), and then distribute 100 million coins, you will have to sell each coin for 500 satoshi to break even. If they raise 1000 BTC, then the 100million coins must be sold for 1000 satoshi each. The amount of coins is fixed at 100 Million. The amount of BTC to invest is not limited. So, the more invested, the harder it is to regain your investment. Also, all 100 million coins can hit the market on the first day. YIPPEE!!!! |
|
|
|
|
Show Posts
