From your crowdfunding information and rules it says:
"2.1 Purchase. You agree to purchase and we agree to sell, on the terms set forth herein, your Resulting Distribution. Your purchase is final. We will not provide any refund of the purchase price under any circumstances."
What about the refund if it is not a success?
The terms and conditions are there to protect me against the worst case scenarios. If someone is going to try to wrongfully harass me for a refund then they just can't do it in a legal way. But I'm still level-headed and aware what makes a good distribution. If it looks too weird or unfair, there is no point to go on, or to try and create a fake economical environment. It will be just better to stop the project and return the investors' funds. |
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Thanks for explaining. I just retweeted you. I hope it becomes a reality too. Count me in.
No worries, I'm happy to clear doubts! Nice to have you in! Anybody else having questions feel free to come forward! |
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Getting added by an exchange doesn't mean the launch is successful, actually in this specific case it raises a lot of questions.
Hey Shapetwist, Actually being listed on coinmarketcap would give much more visibility. Distribution may raises questions. But it seemed obvious for us that we won't commit suicide by mass selling the premine. Even if we wished to do so, there is no actual buy force able to buy 550 000 FRN at any decent price. This simply don't make sense. We built a full project, including a full information website with 200+ articles, got three different trademarks for names and logos. Hours and hours of work. None of the people here seems to realize what quality actually costs. Anyway we got it and we'll find a way to relax things. I'll follow up later. Well, I know what quality costs. At the current mining cost your quality is over top notch, which is to say: way overvalued. I hope you do the right thing and listen to the community. Good luck. |
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Yes, I understand now. It just seemed a bit weird to me that the founder wouldn't hold a stake in coins. Hopefully he buys it on the market like he said.
@shapetwist What is the minimum amount of BTC you need for crowdfunding to be successful?
I think it would be weird and unfair to hold both investors' BTC and free WARP. Off the market is the way to go. That's a very hard question, but I somehow answered it before in this thread. At this moment, the funding would be considered a failure and I would return everyone's coins. It's all about looking it with a realistic approach. If my expectations are not met, I will come in public and say what can be done and what not. Then I will let investors decide. But damn, I am really confident that it will be a reality! |
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But can't you follow the same crowdfunding rules, generate a btc address and send some btc to lock in your own stake. So the way your saying it, it sounds like you will buy WARP on the market after crowdfunding is over??? OR you don't want to hold any WARP yourself?
Is there a % of inflation to get to the golden ratio of total amount of coins? What is the staking rewards? To generate those new coins.
Thanks for your quick answers, but still looking for more info.
Yes I can buy WARP of my own, with my own BTC, but I'm not going to that with my own sale. You do realize that I wouldn't be spending anything since the BTC would end up in my pocket anyway? That's not a fair position to take. I would love to buy WARP off the market as a personal interest, and since I believe in the project so much, that is something I will surely do! The stake percentage is a basic 1% yearly. I wanted to keep distractions to a minimum and as simple as possible. Too many terms and specs and unfamiliar conditions are hurtful of larger adoption. The point is to be quick and easy and useful. |
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Looks interesting. I have some questions though.
Since you invested your own funds to help develop this initially (I understand your not a coder but hired coders?)
You seem to me like the project manager is that correct?
Are you putting your own btc into the crowdfunding too so that you get a stake of WARP?
It doesn't make sense to me that you will give away all the coins and not save any for yourself?
I noticed for "WarpGO" it says "multi-platform instant p2p transactions app with virtually no fees"?
Won't fees be required to support the network?
What are the staking rewards for this coin? If I invest, I want to be able to earn staking rewards?
Look forward to your reply
Hey! Sure I'll be happy to answer! Yes, I'm not a coder. You can say I'm the project manager, or the founder with the concept and vision. I hire coders for specific tasks, but most of the work so far was done by myself. There is no one else behind it, so it's not like I am managing a project only. I've mentioned in this thread before that I can't buy into WARP right now, for giveaways or any other reason. That wouldn't be buying, it would be getting coins for free. I guess there is no way to prove it besides analyzing the blockchain, all transactions can be checked. But why would I be here preaching about fairness if I was to follow any wrongdoing? Yes, fees are required to support the network. Virtually no fees kind of means that the fees are so small that are almost nonexistent. But regarding the "instant", I'm actually looking into other coins' development that I find interesting and essential to add to a coin that values usability. So zero-time transactions are being studied. |
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The FUDer contacted Yobit telling them not to add the coin. I've been dealing with that mad kid in MP for quite some time. He's mad and needs to bitch against me and the project. He's making it a purely personal affair.
Anyway we'll come up with a solution tonight. But it won't be integrated before this week-end.
Why do you need an exchange add right now if there is no fair distribution? Besides yours, there are a few coins out there. What's your interest making a market out of that? A market can't be made just because. Getting added by an exchange doesn't mean the launch is successful, actually in this specific case it raises a lot of questions. I didn't mine, but I followed with interest. At this point I feel it's a quite unfair direction you are taking, so I won't be buying coins off a freshly listed exchange.. |
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1.739 BTC has been raised so far, so the price per coin is now 0.00000159 BTC
Sale ends in 5 days!
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Made a little intro animation. The plan is to work more with video too since it's a hot medium that reaches more general audiences.  |
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WARP has been added to www.shapeshift.io discovery list, meaning they will review it for a possible addition. Any proof? There is a link to discovery list? I have tried for a long time to get on Shapeshift with BITZ and they told me in July we were on the "Discovery" list but I don't think the list is available. What Shapeshift said in the e-mail to me was this: "we normally do not add coins that are just released to the market. We have to see them get picked up on multiple exchanges as well as make sure the volume of the coin seems to be continually increasing and that there is a strong market demand. We have a larger list of qualifications we look at that we do not provide publicly, but those are the basics." So being on the "discovery" list doesn't mean much, they judge it by volume and demand. But I hope you get this off the ground... Yeah, at this point it doesn't mean much. I'm trying to bring awareness by contacting services that can accept WARP in the near future. CoinWallet.co is another one that will add WARP to their wallet services. who are the developers of this project?
how can you (the developers) show your commitment not just to the delivery of the project, but to the ongoing upgrades, innovation, and improvements you will bring to the team/product at WARP?
Hi, I'm the developer of the project. Single other developers and coders are hired per different tasks. Not necessarily out of the forum. At the moment this is my way to go, in the future I'm open to get a permanent developer on the team. I think my commitment can be seen! Fortunately I have time that I can afford to spend on this, like I have been doing for the past 5 months. |
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Well, I'd love to get this project off the ground, and if you need any help from a C programmer, I'm here.
Drop me a line, shapetwist@warpcoin.comYou never know. |
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Anyway.. I've been trying some promotion to bring more awareness. It would be good if everyone in the crypto world knows about the coin before the sale ends.
Things are going well so far in my opinion. We've raised 1.565 BTC. It's not much but it's deeply appreciated. Nice to see that the investors can still identify who to trust.
The last two days I've been busy trying to get WARP a voice, and it's not easy. Every coin seems just like another coin, it's hard to stand out.
However, I believe that people reading this thread have good reasons to follow it to say the least. This is a hard project that goes a bit against the system/norm that we've seen lately. Making the foundations of WARP has been a pleasure, and despite having difficult - yet doable - goals to achieve, I'm sure it's really worth.
I'm eagerly waiting for the day the project succeeds and everyone will finally see it as I see it.
Until then, feel free to engage and ask questions.
I'm on slack, skype, bitmessage, email, you call it.
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Not really offering any services but just a suggestion.Since this is the best bitcoin community around,why not start promoting and marketing here ? You could either start a avatar campaign or a regular signature campaign or maybe some promos following your coin.This should fit in your budget as well.
If you check the thread, the signatures are available. But I honestly don't know enough about buying signature space. So that's also why I'm here. But thanks! |
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Hey all, I'm looking for people that can help with promoting an altcoin. I have quite a hard time contacting press and using twitter and all that, since I'm focused on actual development. If you know how to help effectively I'd be glad to hear from you. Some tips would be great too. Would be a shame if this project doesn't succeed. There is a budget that comes out of my own pocket. It's not huge but I hope we can talk. If you are going to present prices, please provide examples of your work. Here is the coin in need of exposure: https://bitcointalk.org/index.php?topic=1329494.0 |
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Nice job!  Again, thanks |
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Here are some forum signatures to help promote WARP in the future. Shame I can't wear one yet!  Sr. Member:
Hero/Legendary:
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WARP has been added to www.shapeshift.io discovery list, meaning they will review it for a possible addition. I have also contacted Poloniex, being one of the main trusted exchange services out there. An addition by Bittrex would also be supported. Other exchanges are not endorsed or officially supported at the moment, please contact me at shapetwist@warpcoin.com if you're interested to add WARP. |
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