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vytasz7
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November 25, 2015, 02:37:59 PM |
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999 999 999 iotas is up for sale
and how many total of iotas?
you should show all detail info . how many iotas that dev team hold it , what about the development fund ?
It is a total amount i think |
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iotatoken (OP)
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November 25, 2015, 02:38:04 PM |
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999 999 999 iotas is up for sale
and how many total of iotas?
you should show all detail info . how many iotas that dev team hold it , what about the development fund ?
I thought I had written it as clear possible, but I'll reiterate: THERE IS NO PREMINE. 999 999 999 is the total amount of iotas that will ever exist. ALL of them are up for sale. The development fund comes from the Bitcoins that we raise. |
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LiQio
Legendary
 Offline
Activity: 1181
Merit: 1002
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November 25, 2015, 02:54:43 PM |
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People should keep in mind that ICOs are mostly scams.
Thank you, advice from a newbie account is especially valuable. I'm just curious if you think that BTT users are that stupid that they need advice like yours or you just want to buy most of the tokens but keep the others away of it? You could be part of the team, shilling this shitcoin. Oh, really? What a discovery - just read first (also follow the links), then write  |
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herzogzwei
Sr. Member
Offline
Activity: 243
Merit: 250
reality overcomes
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November 25, 2015, 02:55:08 PM |
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Why don't you sell at exchanges? Do you have working prototype?
smells very fishy to me.
SCAM maybe?
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Come-from-Beyond
Legendary
Offline
Activity: 2142
Merit: 1009
Newbie
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November 25, 2015, 03:07:34 PM |
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Why don't you sell at exchanges? Do you have working prototype?
smells very fishy to me.
Fishy because it's not at exchanges or because the prototype wasn't shown? |
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Hollowman338
Legendary
Offline
Activity: 1246
Merit: 1000
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November 25, 2015, 03:08:47 PM |
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Why don't you sell at exchanges? Do you have working prototype?
smells very fishy to me.
SCAM maybe?
Scam? not so much. Risky investment with indeterminate pay-off? Definitely. I might throw a little BTC at it. |
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iotatoken (OP)
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November 25, 2015, 03:11:06 PM |
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Why don't you sell at exchanges? Do you have working prototype?
smells very fishy to me.
SCAM maybe?
Scam? not so much. Risky investment with indeterminate pay-off? Definitely. I might throw a little BTC at it. Every single serious crypto project is the same, I have no idea why anyone would call it a scam. This is the story of all crowdsales of new technology. |
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Abraxas147
Newbie
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Activity: 30
Merit: 0
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November 25, 2015, 03:12:04 PM |
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After the sale ends you can collect your iotas from collect.iotatoken.com (goes live on 22nd of December) Will there be a wallet at this time for depositing the iotas or do we have to make an account @ collect.iotatoken.com to control the tokens? |
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Come-from-Beyond
Legendary
Offline
Activity: 2142
Merit: 1009
Newbie
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November 25, 2015, 03:13:32 PM |
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Will there be a wallet at this time for depositing the iotas or do we have to make an account @ collect.iotatoken.com to control the tokens?
The former. |
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Tobo
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November 25, 2015, 03:21:40 PM |
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what is the receiving Jinn token address for people to trade in their Jinn tokens?
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Tobo
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November 25, 2015, 03:31:34 PM |
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greentea
Legendary
Offline
Activity: 1418
Merit: 1002
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November 25, 2015, 03:36:00 PM |
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Step 2: After the sale ends you can collect your iotas from collect.iotatoken.com (goes live on 22nd of December)
Step 3. This site will instruct you to send a very tiny, but specific BTC sum, for example 0.000xyz BTC from the very same bitcoin address that you deposited your purchase sum from. This is to prove your ownership so that we can ensure that the rightful buyers gets their iotas.
This means that you can not purchase via depositing directly from an account at an exchange or equivalent which often change the sender address repeatedly.
Re-read these steps carefully before purchasing! If you are unable to prove that you own the bitcoin address that the bitcoins were sent from, the iotas will be forfeited.[/size]
Can blockchain.info control which address BTC is sent from, is this suggested? Also is there a minimum $$ amount that needs to be raised to continue this project? From the Risk Paper: As the IOTA team plans to spend the proceeds of the IOTA crowdsale on development of
IOTA, Jinn (IOTA hardware support), marketing and community growth, a negative
fluctuation in the fiat value of Bitcoin could leave the project without sufficient funding to
complete all the milestones and goals. What are these milestones & goals? |
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_mr_e
Legendary
Offline
Activity: 817
Merit: 1000
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November 25, 2015, 03:37:18 PM |
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So most wallets now do not re-use addresses or even let you specify the specific address you are sending from. This seems like a very unnecessary complication.
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martismartis
Legendary
Offline
Activity: 1162
Merit: 1005
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November 25, 2015, 03:46:07 PM |
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As as said in your announcement thread, let's see how it goes. Lot of people from NXT scene out there  People from NXT know what is good  |
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iotatoken (OP)
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November 25, 2015, 03:46:41 PM |
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Can blockchain.info control which address BTC is sent from, is this suggested?
Yes, this is so that we can confirm afterwards that you are indeed the rightful owner of the iotas.
Also is there a minimum $$ amount that needs to be raised to continue this project?
There is no exact number precisely because it's new technology, there are way too many variables. We're quite confident that we'll have IOTA done for testing by Christmas. From the Risk Paper: As the IOTA team plans to spend the proceeds of the IOTA crowdsale on development of
IOTA, Jinn (IOTA hardware support), marketing and community growth, a negative
fluctuation in the fiat value of Bitcoin could leave the project without sufficient funding to
complete all the milestones and goals. What are these milestones & goals? 1. IOTA Software 2. JINN Hardware support for IOTA 3. Building a healthy ecosystem for IOTA |
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fczuardi
Newbie
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Activity: 34
Merit: 0
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November 25, 2015, 04:34:01 PM |
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So most wallets now do not re-use addresses or even let you specify the specific address you are sending from. This seems like a very unnecessary complication.
I agree, step 3 will make people lose money. |
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Seccour
Legendary
Offline
Activity: 1619
Merit: 1004
Bitcoiner, Crypto-anarchist and Cypherpunk.
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November 25, 2015, 04:53:23 PM |
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So most wallets now do not re-use addresses or even let you specify the specific address you are sending from. This seems like a very unnecessary complication.
I agree, step 3 will make people lose money. Invest only if you know how to redeem your IOTA. You can use Bitcoin Core ( control features ) or blockchain.info to reuse address so i don't see any problem here with step 3. It's not an unnecessary complication. |
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willowfoot
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November 25, 2015, 05:17:23 PM |
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999 999 999 iotas is up for sale
and how many total of iotas?
you should show all detail info . how many iotas that dev team hold it , what about the development fund ?
I thought I had written it as clear possible, but I'll reiterate: THERE IS NO PREMINE. 999 999 999 is the total amount of iotas that will ever exist. ALL of them are up for sale. The development fund comes from the Bitcoins that we raise. Their premine is how many tokens they buy themselves with their own BTC. Since the BTC goes to themselves there is no cost, adjusting for whatever % they want ... |
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