PT92
Member
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Activity: 107
Merit: 10
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July 19, 2016, 01:29:08 PM |
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~3 days left for round one people! Don't be late I will wait with my investment until the last day, have to create some funds by selling others. What is your goal? (Of course the more the better) But this project will continue regardless of the ICO-amount right? How will we get people to join the exchange besides the marketing? (Lower fees?) What coins will be on the exchange at the start, what will be the requirements on introducing new coins?
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BanzaiBTC (OP)
Legendary
Offline
Activity: 1526
Merit: 1002
Chipcoin Developer
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July 19, 2016, 02:33:57 PM |
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~3 days left for round one people! Don't be late I will wait with my investment until the last day, have to create some funds by selling others. What is your goal? (Of course the more the better) But this project will continue regardless of the ICO-amount right? How will we get people to join the exchange besides the marketing? (Lower fees?) What coins will be on the exchange at the start, what will be the requirements on introducing new coins? Yes, whatever happens, the project will continue.. I'm not starting something if I'm dependent on crowdfundings only What will make us different from other exchanges is, Fast and professional support Customer friendly interface Profit Shares Mining pools Integrated trading bot with auto-buy/sell E-commerce payment plugins Strict listing criteria such as, Minimum chain age of 2-3 months Big premine coins are avoided No walletbuilder coins No paid listings Voting, but no paid voting (that is a paid listing lol) No coins with 1 commit on git (lol) Simple "proof of developer" test Detailed source review Basiscly a lot to protect our userbase from getting scammed, which is the responsibility of a quality exchange imho..
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Jaerky
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July 19, 2016, 02:39:32 PM |
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I like this idea and Banzai is a quality developer. Will be helping to seed this.
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ErikW79
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July 19, 2016, 03:05:46 PM |
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~3 days left for round one people! Don't be late I will wait with my investment until the last day, have to create some funds by selling others. What is your goal? (Of course the more the better) But this project will continue regardless of the ICO-amount right? How will we get people to join the exchange besides the marketing? (Lower fees?) What coins will be on the exchange at the start, what will be the requirements on introducing new coins? Yes, whatever happens, the project will continue.. I'm not starting something if I'm dependent on crowdfundings only What will make us different from other exchanges is, Fast and professional support Customer friendly interface Profit Shares Mining pools Integrated trading bot with auto-buy/sell E-commerce payment plugins Strict listing criteria such as, Minimum chain age of 2-3 months Big premine coins are avoided No walletbuilder coins No paid listings Voting, but no paid voting (that is a paid listing lol) No coins with 1 commit on git (lol) Simple "proof of developer" test Detailed source review Basiscly a lot to protect our userbase from getting scammed, which is the responsibility of a quality exchange imho.. I have also to wait some time to get some funding sources together. Sad I invested in something that has I think no bigger future. Had to safe to coins.
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PT92
Member
Offline
Activity: 107
Merit: 10
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July 19, 2016, 05:20:03 PM |
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Thank you. Looking forward to the progress of the project, will definitely put some coins in!
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Shkembe
Legendary
Offline
Activity: 1559
Merit: 1001
Epic Private Internet Cash
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July 19, 2016, 05:59:01 PM |
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What amount of coins will be distributed, could't see this in the OP?
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tomkat
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July 19, 2016, 07:31:34 PM |
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What amount of coins will be distributed, could't see this in the OP?
Total amount is 190 k PIO, but what's the amount of PIO that will be distributed in round one for BTC investors?
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gabmen
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July 19, 2016, 07:35:51 PM |
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What amount of coins will be distributed, could't see this in the OP?
Total amount is 190 k PIO, but what's the amount of PIO that will be distributed in round one for BTC investors? 190 k divided by the number of those btc prticipants and that we can see how much this coin will worth right mate? i hope many support will join us here as the dev is really working hard for this to fullfill. good luck dev.
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Report to moderator . ██████████. .████████████████. .██████████████████████. -█████████████████████████████ .██████████████████████████████████. -█████████████████████████████████████████ -███████████████████████████████████████████████ .-█████████████████████████████████████████████████████. .████████████████████████████████████████████████████████████ .██████████████████████████████████████████████████████████████. .██████████████████████████████████████████████████████████████. ..███████████████████████████████
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tomkat
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July 19, 2016, 07:41:58 PM |
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What amount of coins will be distributed, could't see this in the OP?
Total amount is 190 k PIO, but what's the amount of PIO that will be distributed in round one for BTC investors? 190 k divided by the number of those btc prticipants and that we can see how much this coin will worth right mate? i hope many support will join us here as the dev is really working hard for this to fullfill. good luck dev. I think the distribution will be divided unequally between BTC and CHIP investors but not sure what will be proportions. We only know that CHIP part is capped to 30 BTC but don't know the amout of PIO allocated to BTC round. [Edit] And how is CHIP cap calculated? Is there a fixed price?
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Shkembe
Legendary
Offline
Activity: 1559
Merit: 1001
Epic Private Internet Cash
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July 19, 2016, 07:47:02 PM |
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I think we have to get clear answer from the dev - how much PIO will be distrubited in first stage of ICO?
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BanzaiBTC (OP)
Legendary
Offline
Activity: 1526
Merit: 1002
Chipcoin Developer
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July 19, 2016, 07:47:54 PM |
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What amount of coins will be distributed, could't see this in the OP?
Total amount is 190 k PIO, but what's the amount of PIO that will be distributed in round one for BTC investors? This all depends on the total outcome of round one and two together.. Example: Round one raised 10 BTC Round two raised 3.33 million Chipcoin = ~10 BTC Chipcoin is pegged at 300 satoshi each, this is the average price of Chipcoin, and current market buy price. Round one = 50% shares Round two = 50% shares Don't think Chipcoin holders are at an advantage here.. Every coin used in the crowdfund is bought once before on the free market.. This is the same for Bitcoin and Chipcoin.. Some bought cheap, some bought high.. The collected Chipcoin will be used for multiple new campaigns, and exchange promotions..
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tomkat
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July 19, 2016, 07:54:29 PM |
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What amount of coins will be distributed, could't see this in the OP?
Total amount is 190 k PIO, but what's the amount of PIO that will be distributed in round one for BTC investors? This all depends on the total outcome of round one and two together.. Example: Round one raised 10 BTC Round two raised 3.33 million Chipcoin = ~10 BTC Chipcoin is pegged at 300 satoshi each, this is the average price of Chipcoin, and current market buy price. Round one = 50% shares Round two = 50% shares Don't think Chipcoin holders are at an advantage here.. Every coin used in the crowdfund is bought once before on the free market.. This is the same for Bitcoin and Chipcoin.. Some bought cheap, some bought high.. The collected Chipcoin will be used for multiple new campaigns, and exchange promotions.. OK, but what if CHIP price will be changing significantly? Don't you think the fixed CHIP/BTC ratio should be defined explicitly? [Edit] You don't know the price people paid for CHIP so you can't actually calculate BTC amount for CHIP. So, how exactly are you going to perform final calculations?
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BanzaiBTC (OP)
Legendary
Offline
Activity: 1526
Merit: 1002
Chipcoin Developer
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July 19, 2016, 08:03:36 PM |
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OK, but what if CHIP price will be changing significantly? Don't you think the fixed CHIP/BTC ratio should be defined explicitly?
There had to be drawn a line at some height.. So I choose for the avarage trading price of 300 Satoshi.. If the price goes higher because of round two, I will not change the set price. That would be unfair for people in round one.. This is not a swap, but an investment opportunity for both rounds.. There is no telling at this point how many coins will be collected in round two.. or what will happen with the markets..
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tomkat
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July 19, 2016, 08:06:03 PM |
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OK, but what if CHIP price will be changing significantly? Don't you think the fixed CHIP/BTC ratio should be defined explicitly?
There had to be drawn a line at some height.. So I choose for the avarage trading price of 300 Satoshi.. If the price goes higher because of round two, I will not change the set price. That would be unfair for people in round one.. This is not a swap, but an investment opportunity for both rounds.. There is no telling at this point how many coins will be collected in round two.. or what will happen with the markets.. So, 300 sats is official fixed exchange ratio for CHIP/BTC in round 2, correct...?
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BanzaiBTC (OP)
Legendary
Offline
Activity: 1526
Merit: 1002
Chipcoin Developer
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July 19, 2016, 08:10:35 PM |
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OK, but what if CHIP price will be changing significantly? Don't you think the fixed CHIP/BTC ratio should be defined explicitly?
There had to be drawn a line at some height.. So I choose for the avarage trading price of 300 Satoshi.. If the price goes higher because of round two, I will not change the set price. That would be unfair for people in round one.. This is not a swap, but an investment opportunity for both rounds.. There is no telling at this point how many coins will be collected in round two.. or what will happen with the markets.. So, 300 sats is official fixed exchange ratio for CHIP/BTC in round 2, correct...? 100% Correct.. On another note, the holding in chipcoin is very strong.. and long term visioned for most of the people involved.. The ones who do invest, will probably continue that vision in PIO
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BlockPioneers
Newbie
Offline
Activity: 13
Merit: 0
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July 20, 2016, 05:58:02 PM |
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The twitter campaign was a complete succes! All 200 slots are taken before the end date
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BanzaiBTC (OP)
Legendary
Offline
Activity: 1526
Merit: 1002
Chipcoin Developer
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July 21, 2016, 01:02:40 AM |
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Less then 2 days left for round one!
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freakying99
Sr. Member
Offline
Activity: 429
Merit: 250
Pythagoras and Plato are my brothers.
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July 21, 2016, 07:34:16 AM |
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is 7 btc enough for the development ?
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ErikW79
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July 21, 2016, 07:44:25 AM |
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is 7 btc enough for the development ?
The more the better. But as Banzai already wrote, he is continuing at any amount. But better to fund it little bit..
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yweetot
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July 21, 2016, 07:58:52 AM |
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I want to know what trading platform can be.
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