IOTA Crowdsale

[iotatoken]

Sooooo..... when can we start playing with our new toy?

I'm going to give a couple of days to verify the genesis. Then we'll do some testing.

Front-end is under development and we need to verify genesis + deal with unclaimed iota collectors at the moment, but rest assured: very soon

Also I highly suggest people join our Ryver to engage in stimulating and productive discussion rather than only post on forum, so send me a PM and I'll invite you.

[runall]

CfB, I have a question. It was total 930.96250857 BTC and 58'703 Jinn crowdsaled.

1 Jinn is equivalent 0.0063 BTC, so it made 58'703 Jinn * 0.0063 BTC = 369.8289 BTC

930.96250857 BTC + 369.8289 BTC = 1300.79140857 BTC

Here you calculate 1337 BTC. Could you please explain that to me?

[runall]

I have another question. There are total 999'999'999 Iota. The 5% from it are 49'999'999,95 Iota.

In the Terms of crowdsale is written: "if your purchase sum make up 5% of the total sum of all purchases, you will get 5% of all the iotas for sale. (obviously including early bird schedule)"

How is it possible, that the adres

Code:

SWTOZTEADUONKZOMXZTNMYXDTSCFRPY9DGEGWJFEEKNIVBOEIXUMDIAVOKBSNBQEKMSAIWRINELXJFTYC

get 54'175'037 Iota. It is more than 5%.

[runall]

CfB, I have a question. It was total 930.96250857 BTC and 58'703 Jinn crowdsaled.

1 Jinn is equivalent 0.0063 BTC, so it made 58'703 Jinn * 0.0063 BTC = 369.8289 BTC

930.96250857 BTC + 369.8289 BTC = 1300.79140857 BTC

Here you calculate 1337 BTC. Could you please explain that to me?

https://www.tangle.ninja/iota/crowdsale  

You are right. There are even fewer Jinn



Correction:

It was total 930.96250857 BTC and 41'297 Jinn crowdsaled.

1 Jinn is equivalent 0.0063 BTC, so it made 41'297 Jinn * 0.0063 BTC = 260.1711 BTC

930.96250857 BTC + 260.1711 BTC = 1191.13360857 BTC

Here you calculate 1337 BTC. Could you please explain that to me?

[Bitsharesuser1234]

Code:

[quote author=Come-from-Beyond link=topic=1262688.msg13628833#msg13628833 date=1453383869]
[b]Check the genesis, please:[/b]

Unclaimed Iotas Fund (50+ entities)	101 193 117.999999999

[/quote]

What will be done with/of the unclaimed IOTAS?

[yassin54]

CfB, I have a question. It was total 930.96250857 BTC and 58'703 Jinn crowdsaled.

1 Jinn is equivalent 0.0063 BTC, so it made 58'703 Jinn * 0.0063 BTC = 369.8289 BTC

930.96250857 BTC + 369.8289 BTC = 1300.79140857 BTC

Here you calculate 1337 BTC. Could you please explain that to me?

https://www.tangle.ninja/iota/crowdsale 

You are right. There are even fewer Jinn

i am happy for you 
Sorry i have deleted my post for not spam 

[runall]

@yassin54
sorry, I was still writting my message.

[yassin54]

@yassin54
sorry, I was still writting my message.

All is good, dont worrie!! 

[Come-from-Beyond]

It was total 930.96250857 BTC and 41'297 Jinn crowdsaled.

1 Jinn is equivalent 0.0063 BTC, so it made 41'297 Jinn * 0.0063 BTC = 260.1711 BTC

930.96250857 BTC + 260.1711 BTC = 1191.13360857 BTC

Here you calculate 1337 BTC. Could you please explain that to me?

There was bonus of 0%-15%.

[iotatoken]

Code:

[quote author=Come-from-Beyond link=topic=1262688.msg13628833#msg13628833 date=1453383869]
[b]Check the genesis, please:[/b]

Unclaimed Iotas Fund (50+ entities)	101 193 117.999999999

What will be done with/of the unclaimed IOTAS?

Hopefully they will be returned to their rightful owners as IOTA now will get more exposure again through launch, media and events. But if some of them end up not collected within the next 60 days, they will be used to boost IOTA. We'll decide in conjunction with the IOTA community on how to best spend them, whether through bounties, faucet or whatever.

[runall]

It was total 930.96250857 BTC and 41'297 Jinn crowdsaled.

1 Jinn is equivalent 0.0063 BTC, so it made 41'297 Jinn * 0.0063 BTC = 260.1711 BTC

930.96250857 BTC + 260.1711 BTC = 1191.13360857 BTC

Here you calculate 1337 BTC. Could you please explain that to me?

There was bonus of 0%-15%.

OK, I got it, thank you!

[Come-from-Beyond]

I have another question. There are total 999'999'999 Iota. The 5% from it are 49'999'999,95 Iota.

In the Terms of crowdsale is written: "if your purchase sum make up 5% of the total sum of all purchases, you will get 5% of all the iotas for sale. (obviously including early bird schedule)"

How is it possible, that the adres

Code:

SWTOZTEADUONKZOMXZTNMYXDTSCFRPY9DGEGWJFEEKNIVBOEIXUMDIAVOKBSNBQEKMSAIWRINELXJFTYC

get 54'175'037 Iota. It is more than 5%.

Good catch, I need to redo the whole genesis. Hold on.

[lordoliver]

It was total 930.96250857 BTC and 41'297 Jinn crowdsaled.

1 Jinn is equivalent 0.0063 BTC, so it made 41'297 Jinn * 0.0063 BTC = 260.1711 BTC

930.96250857 BTC + 260.1711 BTC = 1191.13360857 BTC

Here you calculate 1337 BTC. Could you please explain that to me?

There was bonus of 0%-15%.

It was total 930.96250857 BTC and 41'297 Jinn crowdsaled.

1 Jinn is equivalent 0.0063 BTC, so it made 41'297 Jinn * 0.0063 BTC = 260.1711 BTC

930.96250857 BTC + 260.1711 BTC = 1191.13360857 BTC

Here you calculate 1337 BTC. Could you please explain that to me?

There was bonus of 0%-15%.

OK, I got it, thank you!

1337 BTC final funding. Funny

[Hachoir]

Code:

[quote author=Come-from-Beyond link=topic=1262688.msg13628833#msg13628833 date=1453383869]
[b]Check the genesis, please:[/b]

Unclaimed Iotas Fund (50+ entities)	101 193 117.999999999

What will be done with/of the unclaimed IOTAS?

Hopefully they will be returned to their rightful owners as IOTA now will get more exposure again through launch, media and events. But if some of them end up not collected within the next 60 days, they will be used to boost IOTA. We'll decide in conjunction with the IOTA community on how to best spend them, whether through bounties, faucet or whatever.

Make a new crowdsale to sell them again with the same rate

[drays]

CfB, I have a question. It was total 930.96250857 BTC and 58'703 Jinn crowdsaled.

1 Jinn is equivalent 0.0063 BTC, so it made 58'703 Jinn * 0.0063 BTC = 369.8289 BTC

930.96250857 BTC + 369.8289 BTC = 1300.79140857 BTC

Here you calculate 1337 BTC. Could you please explain that to me?

https://www.tangle.ninja/iota/crowdsale  

You are right. There are even fewer Jinn



Correction:

It was total 930.96250857 BTC and 41'297 Jinn crowdsaled.

1 Jinn is equivalent 0.0063 BTC, so it made 41'297 Jinn * 0.0063 BTC = 260.1711 BTC

930.96250857 BTC + 260.1711 BTC = 1191.13360857 BTC

Here you calculate 1337 BTC. Could you please explain that to me?

You forgot to factor the 930.96250857 BTC with early bird schedule. Take into account the 15% and 7.5% bonuses, and you will probably get that 1337

EDIT: looks like this was answered already while I was writing my message.. Need to type faster  

[Come-from-Beyond]

I have another question. There are total 999'999'999 Iota. The 5% from it are 49'999'999,95 Iota.

In the Terms of crowdsale is written: "if your purchase sum make up 5% of the total sum of all purchases, you will get 5% of all the iotas for sale. (obviously including early bird schedule)"

How is it possible, that the adres

Code:

SWTOZTEADUONKZOMXZTNMYXDTSCFRPY9DGEGWJFEEKNIVBOEIXUMDIAVOKBSNBQEKMSAIWRINELXJFTYC

get 54'175'037 Iota. It is more than 5%.

Good catch, I need to redo the whole genesis. Hold on.

Hm, wait. It's just an example, not the limit. No need to redo the genesis.

Edit: Anyone speaking native English here to review?

[iotatoken]

I have another question. There are total 999'999'999 Iota. The 5% from it are 49'999'999,95 Iota.

In the Terms of crowdsale is written: "if your purchase sum make up 5% of the total sum of all purchases, you will get 5% of all the iotas for sale. (obviously including early bird schedule)"

How is it possible, that the adres

Code:

SWTOZTEADUONKZOMXZTNMYXDTSCFRPY9DGEGWJFEEKNIVBOEIXUMDIAVOKBSNBQEKMSAIWRINELXJFTYC

get 54'175'037 Iota. It is more than 5%.

Good catch, I need to redo the whole genesis. Hold on.

Hm, wait. It's just an example, not the limit. No need to redo the genesis.

Edit: Anyone speaking native English here to review?

I can confirm that it is indeed just confusion. The 5% example is just that, an example. There was no arbitrary 5% limit on how much you could purchase. If a persons purchasing sum (when calculating in the earlybird period) exceeds 5% like in this instance, he will still get the proportionate amount.

[msin]

Hm, wait. It's just an example, not the limit. No need to redo the genesis.

Edit: Anyone speaking native English here to review?

Yes, the 5% was just an example stating what you would get for your participation in crowdsale.  It's not a limit and there was no limit on how much someone could send during the crowdsale.  

Edit: what David just posted above 

[Bitsharesuser1234]

Code:

[quote author=Come-from-Beyond link=topic=1262688.msg13628833#msg13628833 date=1453383869]
[b]Check the genesis, please:[/b]

Unclaimed Iotas Fund (50+ entities)	101 193 117.999999999

What will be done with/of the unclaimed IOTAS?

Hopefully they will be returned to their rightful owners as IOTA now will get more exposure again through launch, media and events. But if some of them end up not collected within the next 60 days, they will be used to boost IOTA. We'll decide in conjunction with the IOTA community on how to best spend them, whether through bounties, faucet or whatever.

Make a new crowdsale to sell them again with the same rate

Very interesting indeed, thanks for your answer

[Bitsharesuser1234]

NXT related question for my knowledge: Anyone can be so kind and could tell me what was the top peak ROI of NXT?