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Author Topic: [ANN] [R3D] NEW UPDATES COMING SOON  (Read 65049 times)
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SecretsOfCrypto
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September 01, 2015, 05:55:00 PM
 #601

what happens to the unsold coins? are they burned?

Yes. The only R3D that will ever be in circulation will be what is sold during the CFC (assuming we reach our minimum of 800,000,000 R3D sold). No new R3D will ever be created.

Thanks, for me it is way overpriced. I'll get in later if things look good.

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September 01, 2015, 06:17:34 PM
 #602

personally what I think you guys should do if the CFC is not reached is take the 800BTC worth of R3D and then burn the rest. Have bittrex lock the rest of the R3D until a few months down the line when a second round CFC is held for the remaining coins left from the 800BTC.  Hopefully that second round CFC will work and if more time is needed you can keep going down the line. 

This way you can reach the minimum goal of 800BTC but stretch it out a bit longer and give time to those that might not have had time to hear about this project to get more information and knowledge from future demos.

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September 01, 2015, 06:53:59 PM
 #603

Thanks, for me it is way overpriced.

0.00000100btc = $0.0002281usd

yes, you read that right people... not 1/5th of a cent 1/50th of a cent.

lol!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


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September 01, 2015, 06:54:27 PM
 #604

personally what I think you guys should do if the CFC is not reached is take the 800BTC worth of R3D and then burn the rest. Have bittrex lock the rest of the R3D until a few months down the line when a second round CFC is held for the remaining coins left from the 800BTC.  Hopefully that second round CFC will work and if more time is needed you can keep going down the line. 

This way you can reach the minimum goal of 800BTC but stretch it out a bit longer and give time to those that might not have had time to hear about this project to get more information and knowledge from future demos.

that is againt what was promised to the first hand Investors.

                                 
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September 01, 2015, 06:56:11 PM
 #605

personally what I think you guys should do if the CFC is not reached is take the 800BTC worth of R3D and then burn the rest. Have bittrex lock the rest of the R3D until a few months down the line when a second round CFC is held for the remaining coins left from the 800BTC.  Hopefully that second round CFC will work and if more time is needed you can keep going down the line. 

This way you can reach the minimum goal of 800BTC but stretch it out a bit longer and give time to those that might not have had time to hear about this project to get more information and knowledge from future demos.

they can't change their contract with bittrex while it is active, that wouldn't be fair to anyone.

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September 01, 2015, 06:59:10 PM
 #606

I DON.T THINK I WILL BE MAKING MUCH DO YOU Cheesy Cheesy Cheesy Cheesy

yes, i believe that is the purpose of having it cost (microcents), to cut down on crap and to encourage useful communication rather than useless noise/spam.

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September 01, 2015, 07:02:21 PM
 #607

I understand, it would take a group consensus but how hard could it be?  There's like what 25 people invested right now?  Just saying.

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September 01, 2015, 07:05:54 PM
 #608

I understand, it would take a group consensus but how hard could it be?  There's like what 25 people invested right now?  Just saying.

i don't think that bittrex has the infrastructure to do it tbh, it seems that these cfc/ico's are basically an afterthought to them (it doesn't even show the closing date/time as someone else pointed out), i think they would be better off seeing what happens, then pivoting from there.. if they decide to allow public investing again however they decide to do it, the people who are interested would be able to do it at that time, perhaps they will be interested in talking about terms and stuff at that point or what their plans are

don't get me wrong... im all for group consensus, i just don't think that is how it can work on bittrex

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September 01, 2015, 07:11:28 PM
 #609

I understand, it would take a group consensus but how hard could it be?  There's like what 25 people invested right now?  Just saying.

i don't think that bittrex has the infrastructure to do it tbh, it seems that these cfc/ico's are basically an afterthought to them (it doesn't even show the closing date/time as someone else pointed out), i think they would be better off seeing what happens, then pivoting from there.. if they decide to allow public investing again however they decide to do it, the people who are interested would be able to do it at that time, perhaps they will be interested in talking about terms and stuff at that point or what their plans are

don't get me wrong... im all for group consensus, i just don't think that is how it can work on bittrex


Yeah, I'm sure you're right.   May get lucky and see a large investor take a bite.

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September 01, 2015, 07:45:46 PM
 #610

Thanks, for me it is way overpriced.

0.00000100btc = $0.0002281usd

yes, you read that right people... not 1/5th of a cent 1/50th of a cent.

lol!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!



Yeah, even when rest of the coins are burned, there are minimum of somewhat 800bct -> 800,000,000.00000000 coins around minus bittrex fees. So it needs a pretty high marcet cap to keep the price up there. Hopefully it does have what it takes.


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September 02, 2015, 12:48:49 AM
 #611

i was telling crew there should be also off-bittrex way to buy the coins for those who ie dont use this exchange Wink

anyways R3D is a decent project, it deserves to be live

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September 02, 2015, 02:24:00 AM
 #612

Only ~ 35BTC is sold now.
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September 02, 2015, 02:29:32 AM
 #613

My coin MAPC passed ICO, we burned nonsold coins and raised money to investors this way. I suggest you the same.
Instead of 800BTC you will have like 1200BTC in coins after burning and raising price.

If you keep it smart and not lie to investors - everybody profits.

Think about burning.

i can rent this1
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September 02, 2015, 04:30:24 AM
 #614


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September 02, 2015, 06:35:35 AM
 #615

what happens to the unsold coins? are they burned?

Yes. The only R3D that will ever be in circulation will be what is sold during the CFC (assuming we reach our minimum of 800,000,000 R3D sold). No new R3D will ever be created.



I am confused. So if the CFC doesn't sell out... all the BTC gets returned and the project never happens?



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September 02, 2015, 06:37:35 AM
 #616

what happens to the unsold coins? are they burned?

Yes. The only R3D that will ever be in circulation will be what is sold during the CFC (assuming we reach our minimum of 800,000,000 R3D sold). No new R3D will ever be created.



I am confused. So if the CFC doesn't sell out... all the BTC gets returned and the project never happens?




yup, if it does not hit 800BTC, all the BTC is refunded.

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September 02, 2015, 06:39:26 AM
 #617

what happens to the unsold coins? are they burned?

Yes. The only R3D that will ever be in circulation will be what is sold during the CFC (assuming we reach our minimum of 800,000,000 R3D sold). No new R3D will ever be created.



I am confused. So if the CFC doesn't sell out... all the BTC gets returned and the project never happens?




The project will happen, that's for certain.  We're working too hard, and believe too strongly in what we're doing.  If we don't meet the minimum for the CFC at Bittrex, we have an alternative solution which will go into effect directly following it most likely.  We're just working the details out.

     Best regards,

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September 02, 2015, 06:51:14 AM
 #618

what happens to the unsold coins? are they burned?

Yes. The only R3D that will ever be in circulation will be what is sold during the CFC (assuming we reach our minimum of 800,000,000 R3D sold). No new R3D will ever be created.



I am confused. So if the CFC doesn't sell out... all the BTC gets returned and the project never happens?




yup, if it does not hit 800BTC, all the BTC is refunded.



Every single crypto CFC/ICO that has raised over 800BTC has performed either the marketing scam or the bubble scam. They basically give away coins to news outlets, give coins to conference managers so they can speak at conferences, sell coins for cheap to insiders and/or take out loans with high interest.

If you look at every single big CFC you will notice a substantial premine that isn't part of the CFC.

Ethereum 12%
Factom 50%
Augur 18%
GEMZ 20%




I commend syntax for not going the route described above. It's too bad that the top news magazines refuse to support good projects like this just because they won't pay for articles.

Stay strong. The good honest people will win in the end.



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September 02, 2015, 01:25:25 PM
 #619


Every single crypto CFC/ICO that has raised over 800BTC has performed either the marketing scam or the bubble scam. They basically give away coins to news outlets, give coins to conference managers so they can speak at conferences, sell coins for cheap to insiders and/or take out loans with high interest.

If you look at every single big CFC you will notice a substantial premine that isn't part of the CFC.

Ethereum 12%
Factom 50%
Augur 18%
GEMZ 20%




I commend syntax for not going the route described above. It's too bad that the top news magazines refuse to support good projects like this just because they won't pay for articles.

Stay strong. The good honest people will win in the end.

yes.. it also lets them have some of their own coins (a significant amount of them) without costing them anything, and if the 'value' goes up they can sell them easily as well...

you are right about the """""""""""""""""""""""""news""""""""""""""""""""""""" sites tho, crypto """""""""""""""""""""""""news""""""""""""""""""""""""" is a huge joke, tho news shoudn't even be the word for any of what trash they publish, since its nearly always under researched (or better yet not researched at all) or op ed under the guise of a news story, and usually for money (i'm sure everyone remembers the whole gaw bullshit)

https://twitter.com/Steven_McKie/status/638798546481868800 for a good example Tongue

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September 02, 2015, 02:49:13 PM
 #620



journalism standards and ethics at their very best

just wanted to keep that for posterity sake.

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