Mycelium new wallet and crowdsale

[Rassah]

We at Mycelium are officially announcing our new wallet, along with all the features that, until now, we have been keeping secret. The new wallet will also be simply called Mycelium, since it will no longer be just a typical wallet. Here are some of the features to look forward to:

• A plug in API that will allow anyone to integrate their own services and features directly into the wallet. Mycelium Wallet already supports multiple features - like Locks, Cashila, Trezor, Ledger, and soon Glidera - and we constantly get requests from companies asking us to add their services to our app. But every time that procedure involves our developers sitting down and coding the features themselves, for weeks at a time. This severely limits the number of third party support we can implement, and distracts us from adding new innovations happening with Bitcoin itself. As you know, Bitcoin has new things invented and added constantly, so just keeping up with that is a full time job. With the new API, businesses and developers will be able to add their own plug-ins quickly and easily, without bothering to beg us every time. This also allows businesses to focus on their core business strengths. For example, an exchange's main job is to create and manage trades. Making a custom wallet specifically for their exchange is a distraction and an unnecessary cost. With our wallet, they can let us focus on the front-end, UI, and trade functions, while they focus on just making sure all their users' money is handled securely and trades are settled correctly. Eventually we plan to have Mycelium be your one-stop app for all your crypto and finance needs, storing, trading, and managing all your cryptocurrencies, digital assets, and even fiat accounts.
• Support for multiple currencies and digital assets. The new Mycelium app will support many more digital assets besides just Bitcoin. With the help of the plugin API architecture, anyone would be able to add support for any type of currency or asset, be it Litecoin, Doge, ColoredCoin, Ether, Factom, or personally issued assets like stocks, tickets, or hotel keys. We are uniquely positioned to have an advantage in this, because Mycelium already runs a set of highly optimized backend servers that handle and transfer digital assets. We plan to extend this backend architecture to support many more such assets.
• Mycelium is becoming a full financial management suite. We will no longer be developing just another wallet, but something that will be similar to applications like Quickbooks and Mint. The new app, besides helping you manage various assets, will let you perform a large number of financial management functions, from creating, tracking, and paying invoices, to tracking budgets, revenues and expenses, profits and losses, inventory, and customer and contact lists. There will also be social media integration, and encrypted communication built right into the app. The goal is to allow anyone, from someone managing their personal finances to someone running their large business, manage all their finances right from our app, whether it is sending money to family and friends, or tracking business expenses and making sure their customers and vendors are taken care of.
• Support for multiple platforms. Mycelium is switching to the ReactNative platform, and going fully open source. The new platform will allow us to run mostly the same code on Android and iOS (with Windows Phone and eventually PC in the near future, too). All users will have the same user experience, and have access to largely the same functions (except for some hardware limitations).

We have been working on this new wallet in secret for over six months, and have decided to allow our most loyal users and supporters to share in our future growth. We are positioning ourselves to be the one wallet for all your needs, with the largest number of customer use due to widest third party support, and largest third party development due to the largest number of users. Our future revenue will come from licensing and revenue sharing from third party plugins, as well as from services we at Mycelium will develop ourselves (Gear, Swish, Card, etc.). Effectively, we plan to be like a Google Play or Apple Appstore of all things related to crypto finance. To let our users participate in the growth and help us along with development, we will be having a crowdsale, selling a 5% non-dilutable stake in Mycelium (SAR) directly on the blockchain. To find out more, please check out https://wallet.mycelium.com

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[zimmah]

would it be theoretically possible for me to use the API of mycelium and the API of for example telegram (an app like whatsapp) and allow users of telegram to send bitcoin to each other easily?

or am i understanding it incorrectly?

(i never made any apps or worked with APIs, but i could probably figure it out if it's possible).

[Decoded]

would it be theoretically possible for me to use the API of mycelium and the API of for example telegram (an app like whatsapp) and allow users of telegram to send bitcoin to each other easily?

or am i understanding it incorrectly?

(i never made any apps or worked with APIs, but i could probably figure it out if it's possible).

I'm guessing something like the blockchain.info api, where you can make calls to create addresses, send and recieve payments. But if they are also a full financial site, they could have API calls/commands for things like paying your bills and tracking your credit score.

Have I got this right? I'm going to participate in the crowdsale!

[Chris!]

Great! I already use Mycelium as my main wallet so this is just beefing it up even more. I love that it's now open sourced and that you'll be able to hold some alts. Who knows when you might want some doge? Lol.

The payment/budget tracking sounds great. This can actually be a professional tool now instead of just a Bitcoin wallet on your phone.

Wow! I'm impressed!

This is an update to the current mycelium wallet right? Or will we need a fresh install? Also when will this be rolling out?

[Rassah]

would it be theoretically possible for me to use the API of mycelium and the API of for example telegram (an app like whatsapp) and allow users of telegram to send bitcoin to each other easily?

or am i understanding it incorrectly?

(i never made any apps or worked with APIs, but i could probably figure it out if it's possible).

Probably. Depends on what Telegram allows. It would all be within the wallet though.

This is an update to the current mycelium wallet right? Or will we need a fresh install? Also when will this be rolling out?

The new wallet is being written completely from scratcn, and is based on ReactNative with Bitcore as the initial bitcoin plugin. We may write an "update" that converts your data to the new wallet, but it would obviously be easier to just have users transfer money from old one to the new one.

We're hoping by end of the year. No idea.

[iambitcoin5]

How many tokens will be sold exactly and how does crowdsale work?

[charles007]

How many tokens will be sold exactly and how does crowdsale work?

You can find out about the crowdsale here:

https://wallet.mycelium.com/elements/licenses.html

My question to the Mycelium team is why have a crowdsale? what are you raising the funds for and how will they be used?

Cheers.

[Rassah]

How many tokens will be sold exactly and how does crowdsale work?

Tokens are values at 1 BTC, so the number sold will be however many BTC we raise is how many will be sold. And the number raised / 5% is the total number of shares we will have.

My question to the Mycelium team is why have a crowdsale? what are you raising the funds for and how will they be used?

Cheers.

We need to raise money, we want users to be able to buy a stake in the wallet, and the money will be used to pay developer salaries and for advertising. Mostly salaries I think.

[_Victory_]

I already use Mycelium. I am quite interested in this ICO, I will keep an eye on this one.

[Evildrum]

Nice. I like using this product a lot more than blockchain and look forward to future developments, the invoicing is a interesting feature.

[calkob]

Sounds great i will def be checking out the crowd sale on this one, well done guys great effort.

[crazywack]

I like the idea of owning part of this project and see it being huge, as well as being in a ton of money from the crowdsale.

My issue and question is why such a small share? I can see you guys easily raising $1 mil for this project being your a leading hardware wallet company and have been established in the community and trusted, bringing many new and useful ideas.

If you raise $1mil the wallet gets a $20 mil evaluation.

Is there going to be a private sale to larger investors for % stake in the project?

[lite]

Wish the share/token price were lower to something like .5 btc, i don't have 1 btc for investment.

[dothebeats]

Been using wallets from Schildbach and Mycellium for years now, and no problems have I encountered in using the two. I'd gladly chuck in any amount I can spare. Only one question: would it be possible to lower the amount of tokens or reconsider on giving some perks to those who contributed <1 btc? That would be great in case reconsidered!

[Winoc]

I will try this wallet. Thankyou mycelium team.

[Rassah]

My issue and question is why such a small share? I can see you guys easily raising $1 mil for this project being your a leading hardware wallet company and have been established in the community and trusted, bringing many new and useful ideas.

If you raise $1mil the wallet gets a $20 mil evaluation.

Is there going to be a private sale to larger investors for % stake in the project?

No private sales, but small so that we can sell larger ones later, and give our first supporters room to grow.

Wish the share/token price were lower to something like .5 btc, i don't have 1 btc for investment.

You don't have to buy a whole token they are just an arbitrary number to get the total valuation from. Just as you can own a fraction of a stock, you can open a fraction of a token (divisible to 8 decimal places). We already have pledges for small amounts too.

[tk88one]

looking forward to this, wondering if its a good investment for longterm. would be an honor to help the best wallet for btc!

[crazywack]

Will you be capping invetments?

[danielj314]

Not too much information to be found here. But it still looks interesting. I will have to look around and do more research.

[Rassah]

Will you be capping invetments?

Yes

Not too much information to be found here. But it still looks interesting. I will have to look around and do more research.

Check the Reddit posts. Lots of info and Q&A there.

[weaknesswaran]

Will you be capping invetments?

Yes

Not too much information to be found here. But it still looks interesting. I will have to look around and do more research.

Check the Reddit posts. Lots of info and Q&A there.

https://www.reddit.com/r/btc/comments/4gkwov/mycelium_new_wallet_and_crowdsale/

...less than one day till start.

[crazywack]

Will you be capping invetments?

Yes

Not too much information to be found here. But it still looks interesting. I will have to look around and do more research.

Check the Reddit posts. Lots of info and Q&A there.

What is the funding capped at?

[Rassah]

What is the funding capped at?

Less than $100 mil for total valuation. We have a number (which I'm still hoping we can lower), but we won't mention it unless we hit it, and after the sale closes.

[Chris!]

What is the funding capped at?

Less than $100 mil for total valuation. We have a number (which I'm still hoping we can lower), but we won't mention it unless we hit it, and after the sale closes.

Why is Mycelium worth $100million? Do you own property, patents etc.?

What is the current annual revenue of the business and will this investment increase revenues?

[crazywack]

While I love your products, and I'm sure you will easily hit your funding goal, I can't see a way this is a good investment for people. the valuation is to high to attracted new investment,VC's or a buyout.

[Rassah]

Why is Mycelium worth $100million?

It's not. It's currently worth 33,703.504 BTC, which at $450/BTC is $15million, not $100.

What is the current annual revenue of the business and will this investment increase revenues?

The business is in initial startup stages, so no revenues. Yes, we believe this investment will increase revenues.

[sinner]

if we miss the crowdsale, will the tokens still be available to trade on poloniex or other exchanges?

[Rassah]

if we miss the crowdsale, will the tokens still be available to trade on poloniex or other exchanges?

Eventually yes.

[Rassah]

https://bitcoinmagazine.com/articles/mycelium-bitcoin-wallet-crowdsale-closes-in-on-million-fundraise-integrates-glidera-1463584565

[Decoded]

if we miss the crowdsale, will the tokens still be available to trade on poloniex or other exchanges?

Eventually yes.

Let me get this straight -

So a token is basically a stake/share in your company that can be traded on cryptocurrency exchanges?

[Rassah]

if we miss the crowdsale, will the tokens still be available to trade on poloniex or other exchanges?

Eventually yes.

Let me get this straight -

So a token is basically a stake/share in your company that can be traded on cryptocurrency exchanges?

It's technically a colored coin. I don't know what kind of exchanges specifically will add it.

[GordoZ]

Hi! I setted up a sell order in Bitsquare of 0.22 MT for 0.22 BTC.
Just for today. See you there!

[serfsup]

if we miss the crowdsale, will the tokens still be available to trade on poloniex or other exchanges?

Eventually yes.

Here we are more than a year after the crowdsale and there is no active market for these tokens.

[serfsup]

https://twitter.com/Rassah/status/890069656391823362

"I'm stepping away from @MyceliumCom. Seems like a good time to part ways. More info to come later."