[MOJO] MOJOv3 has been taken over by new devs

[marcous]

the new concept of mojo relaunch is much more better, will follow this thread for new update.. 
thanks for pm.

[1714877293]

1714877293

[1714877293]

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[1714877293]

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[tazmantasik]

i like your new logo & concept . i will watching with interest

thank you for pm

[hotzenplö]

I will watch this thread and maybe invest a small amount.

[Richard1972x]

Sounds interesting. So still 13 days time to invest I have to think about it.
Would like more features.
At the moment Lisk seems to be the more interesting IPO.

[davien]

how much is the ico price? i can't see in the topic.

[Richard1972x]

how much is the ico price? i can't see in the topic.

There is now sum yet. the 70 mio coins are going to the people that invest.
If you invest 1 Bitcoin and the overall investment is 70 Bitcoin, you would get 1 million coins.
If you invest 1 Bitcoin and the overall investment is 280 Bitcoin, you would get 250'000 coins.
So you know your IPO price at the very end.

[mirador17]

PM received and adresses for swap sent.

[davien]

how much is the ico price? i can't see in the topic.

There is now sum yet. the 70 mio coins are going to the people that invest.
If you invest 1 Bitcoin and the overall investment is 70 Bitcoin, you would get 1 million coins.
If you invest 1 Bitcoin and the overall investment is 280 Bitcoin, you would get 250'000 coins.
So you know your IPO price at the very end.

Oh i understand now. Thanks for the help

[RhodaGila]

Good work dev. previously, I had thought that Mojo Coin dev  is a cheater. But after seeing the development of this coin turns out he was responsible for what he had made and it has really worked to develop this coin and I think the dev is very trustworthy.

[davien]

Good work dev. previously, I had thought that Mojo Coin dev  is a cheater. But after seeing the development of this coin turns out he was responsible for what he had made and it has really worked to develop this coin and I think the dev is very trustworthy.

Why should be scam? it was freely distributed

[lovewiki]

PM sent.

May I know when will I receive my swapped coins? Next month?

I just want to see if I can start staking soon.

[EBK1000]

Updated ICO "rules" also updated in the OP

We have decided to distribute Mojocoin through an Initial Coin Offering (ICO) where you will receive a relative share of the total coins depending on your investment. This means that you as a potential investor can obtain a relatively large share of Mojocoin for a minimal investment of 0.01 BTC or even less, which is 4 USD right now. The ideal is to distribute 70,000,000 MOJO in the first phase of the ICO and to get a minimum of 500 investors. This would allow for a relatively wide distribution which would benefit the investors and the future of the Mojocoin community.

We have thought long and hard with regards to what may be considered a successful ICO and we have reached the following conclusions that I will illustrate with a couple of theoretical examples.

(1) The initial focus is on distribution so the number of investors outweigh the total amount of Bitcoin raised as a primary goal. So, if you imagine 500 investors all in for 0.01 BTC for a total of 5 BTC that would certainly be considered a success in terms of the number of investors. From the investor point of view that would mean a share of 140,000 MOJO per investor (70,000,000 between 500 investors). A conservative estimate for a market cap for MOJO on launch on various exchanges would be 100 BTC or 0.00000100 BTC (100 Sats) per MOJO. This is probably low for 100 mill. coin with proper long term support. So, an initial investment of 0.01 BTC would bring in 0.14 BTC if the share of 140,000 MOJO was sold on the day of launch on various exchanges. That is a ROI of 14 times the value invested. Altough in this case, the ICO would bring in a low BTC value it would mean more trade once MOJO is listed.

(2) The minimum amount of BTC raised for the ICO to be considered a success regardless of the number of investors would have to be 20 BTC. This would allow us some flexibility to stabilize the price once MOJO hit exchanges.

Both these numbers can not be absolutely fixed. I.e. if it reaches 490 investors or 19 BTC this would have to be considered.

We have decided that if the ICO does not approach any of the targets we will consider reverting to exchanging the received BTC investment for the theoretical ICO price which is then set at 20 BTC / 70,000,000 MOJO which is 0.00000029 BTC (29 Sats). So an initial investment of 0.1 BTC would result in a share of 344,827.586 MOJO in the case of a failed ICO. This will amply compensate the investors who will hold a larger share and will be able to reach a ROI fast once MOJO hits the exchanges.

We believe that this scheme will protect the investors and benefit early adopters and produce value for any number of investors in Mojocoin. We believe that there is no way that you will not reach a ROI reasonable fast after the ICO. We have to set some boundaries on the ICO as it would be extremely detrimental if, say 2-3 investors walked away with 70,000,000 MOJO between them.

I hope that makes sense. Please feel free to discuss as we are open minded and flexible but we have the future of Mojocoin to consider and we also want to bring value to our investors.

We are considering the length of the ICO at the moment.

[EBK1000]

Updated ICO "rules" also updated in the OP

We have decided to distribute Mojocoin through an Initial Coin Offering (ICO) where you will receive a relative share of the total coins depending on your investment. This means that you as a potential investor can obtain a relatively large share of Mojocoin for a minimal investment of 0.01 BTC or even less, which is 4 USD right now. The ideal is to distribute 70,000,000 MOJO in the first phase of the ICO and to get a minimum of 500 investors. This would allow for a relatively wide distribution which would benefit the investors and the future of the Mojocoin community.

We have thought long and hard with regards to what may be considered a successful ICO and we have reached the following conclusions that I will illustrate with a couple of theoretical examples.

(1) The initial focus is on distribution so the number of investors outweigh the total amount of Bitcoin raised as a primary goal. So, if you imagine 500 investors all in for 0.01 BTC for a total of 5 BTC that would certainly be considered a success in terms of the number of investors. From the investor point of view that would mean a share of 140,000 MOJO per investor (70,000,000 between 500 investors). A conservative estimate for a market cap for MOJO on launch on various exchanges would be 100 BTC or 0.00000100 BTC (100 Sats) per MOJO. This is probably low for 100 mill. coin with proper long term support. So, an initial investment of 0.01 BTC would bring in 0.14 BTC if the share of 140,000 MOJO was sold on the day of launch on various exchanges. That is a ROI of 14 times the value invested. Altough in this case, the ICO would bring in a low BTC value it would mean more trade once MOJO is listed.

(2) The minimum amount of BTC raised for the ICO to be considered a success regardless of the number of investors would have to be 20 BTC. This would allow us some flexibility to stabilize the price once MOJO hit exchanges.

Both these numbers can not be absolutely fixed. I.e. if it reaches 490 investors or 19 BTC this would have to be considered.

We have decided that if the ICO does not approach any of the targets we will consider reverting to exchanging the received BTC investment for the theoretical ICO price which is then set at 20 BTC / 70,000,000 MOJO which is 0.00000029 BTC (29 Sats). So an initial investment of 0.1 BTC would result in a share of 344,827.586 MOJO in the case of a failed ICO. This will amply compensate the investors who will hold a larger share and will be able to reach a ROI fast once MOJO hits the exchanges.

We believe that this scheme will protect the investors and benefit early adopters and produce value for any number of investors in Mojocoin. We believe that there is no way that you will not reach a ROI reasonable fast after the ICO. We have to set some boundaries on the ICO as it would be extremely detrimental if, say 2-3 investors walked away with 70,000,000 MOJO between them.

I hope that makes sense. Please feel free to discuss as we are open minded and flexible but we have the future of Mojocoin to consider and we also want to bring value to our investors.

We are considering the length of the ICO at the moment.

1 and 2 sound good.
Question about 3 : Do you burn the remaining Mojos ?

That is still under consideration. I would like to keep the supply high as we aim for a wide distro. and may consider a secondary ICO of some description that will not impact negatively on first round investors. We will think and take into consideration any suggestions. The main point is spread so we are looking for ways that could be achieved whilst keeping / increasing value of Mojocoin.

If we burn Mojocoin we would need to have a minimum number of investors / takers again to consider that. I think it would be counter-productive to burn a large amount.

[Richard1972x]

Thanks for the Update.
But I think 500 for an ICO is a high number. Imagine: Nxt got 70 and IOTA just 299.

[EBK1000]

Thanks for the Update.
But I think 500 for an ICO is a high number. Imagine: Nxt got 70 and IOTA just 299.

You might be right that 500 is aiming too high, I have now set a cut off date of 31/03/2016 so the ICO will run for around 1 month so that there is fair penetration on Twitter and here and then we will see how many. I guess that I imagined that people could invest a small amount like 0.001 or 0.01 BTC and get a fair share and therefore get more investors but it seems that many people may not understand the way the ICO works and are just used to a set price.

So, if people are reading this, an investment of 0.01 BTC or less will most likely translate into a high amount of MOJO.

Let's run for another week and see. I am now running a 7 day Facebook ad campaign and a 5 day Twitter ad campaign and I want to see if that translate into followers or investment.

[EBK1000]

Bounties

We will start rewarding bounties for work completed in support of Mojocoin. We have set a conservative estimate of a MOJO value of 100 sats upon listing on exchanges and therefore the bounties have been set at 30,000 MOJO which should equate to at least 0.03 BTC (£10,- or 13USD) at the moment and probably more later on. We now need the following done to spread the word:

Russian translation of OP
Chinese translation of OP
Spanish translation of OP

We are also looking for a Spanish speaker to make regular posts on http://www.taringa.net/ to promote Mojocoin for a regular fee per post.

If you are in a position to offer this then PM us.

As an extra incentive to support Mojocoin and also to properly test the network we will pay out bounties once the work has been completed and before the end of the ICO.

[Godson_Mansa]

hey how do i swap my Mojo ?

[EBK1000]

hey how do i swap my Mojo ?

I sent everyone who was part of the old Mojo project a PM with details. PM me your Mojocoin address and your old Nxt address and you will get the same amount which is 5000 MOJO when the ICO has been completed.

[EBK1000]

Spanish translation accepted by lolgato1 

[andulolika]

Spanish translation accepted by lolgato1 

Damn just had sent you a msg, if he defaults ill get in.



I never liked icos, never done an ico, ill try so i can generate more buy support for dc lol.