BanzaiBTC (OP)
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Activity: 1526
Merit: 1002
Chipcoin Developer
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July 24, 2016, 03:04:34 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? 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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BanzaiBTC (OP)
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Activity: 1526
Merit: 1002
Chipcoin Developer
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July 24, 2016, 03:05:39 PM |
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Its easy math guys.. dont make it harder as it is.. lol
Chipcoin is pegged at 30BTC marketcap.. Chipcoin has a spendable supply of ~10 million.. thus 300 satoshi each..
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boki15
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July 24, 2016, 03:05:54 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.. Thanks for clarification |
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BanzaiBTC (OP)
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Activity: 1526
Merit: 1002
Chipcoin Developer
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July 24, 2016, 03:08:00 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.. Thanks for clarification As I've said before.. The figures in the OP are described as examples.. Using 70BTC as example for BTC, and the entire supply of Chipcoin  |
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Shkembe
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Activity: 1559
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Epic Private Internet Cash
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July 24, 2016, 03:10:19 PM |
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Its easy math guys.. dont make it harder as it is.. lol
Chipcoin is pegged at 30BTC marketcap.. Chipcoin has a spendable supply of ~10 million.. thus 300 satoshi each..
Chip is your previous project, isn't it? |
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BanzaiBTC (OP)
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Activity: 1526
Merit: 1002
Chipcoin Developer
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July 24, 2016, 03:14:26 PM |
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Its easy math guys.. dont make it harder as it is.. lol
Chipcoin is pegged at 30BTC marketcap.. Chipcoin has a spendable supply of ~10 million.. thus 300 satoshi each..
Chip is your previous project, isn't it? Yes and No I acted as community take-over developer.. Please read the OP for more info |
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BanzaiBTC (OP)
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Activity: 1526
Merit: 1002
Chipcoin Developer
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July 24, 2016, 03:16:08 PM |
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PM sent to Blacksmith on Yobit Support ticket send to Yobit Funny how the chip wallet is out of sync all of a sudden..  |
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tomkat
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July 24, 2016, 03:17:11 PM |
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@tomkat http://blockpioneers.info/shares/project.php#pioneersharesDistribution Model
Example - Round one raises 70 BTC in share offering. Distribution will be 70% PioneerShares for Bitcoin investors, and 30% PioneerShares for Chipcoin investors.
and Share Offering
A total of 190 000 shares will be held for public sale. 10 000 for promotion campaign. You can invest using Bitcoin in round one, and Chipcoin in round two. The Chipcoin marketcap is pegged at 30 BTC (average price) during this share offering.
What makes you believe to conclude that (average price) during this share offering means 300 base??? Please quote Banzai where het sets the base for chipcoin of 300. 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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kellendil
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July 24, 2016, 03:17:25 PM |
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PM sent to Blacksmith on Yobit Support ticket send to Yobit Funny how the chip wallet is out of sync all of a sudden.. They wont fix it until you pay the extra fee.. |
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BanzaiBTC (OP)
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Activity: 1526
Merit: 1002
Chipcoin Developer
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July 24, 2016, 03:19:35 PM
Last edit: July 24, 2016, 04:00:36 PM by BanzaiBTC |
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PM sent to Blacksmith on Yobit Support ticket send to Yobit Funny how the chip wallet is out of sync all of a sudden.. They wont fix it until you pay the extra fee.. If that is true, I'm shocked It is the responibilty of an exchange to fix the wallet issue on their side if there is no overall network problem.. Paying for that would be rather silly.. |
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boki15
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July 24, 2016, 03:38:25 PM |
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@tomkat
thanks
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BanzaiBTC (OP)
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Activity: 1526
Merit: 1002
Chipcoin Developer
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July 24, 2016, 05:34:07 PM
Last edit: July 24, 2016, 05:56:41 PM by BanzaiBTC |
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I want to advise all of you who have a pending CHIP deposit/withdraw on yobit to write them a support message.. The issue is on their side..
I put in a support form myself too, and a few pms..
Edit: Moderator forwarded message to admins
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boki15
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July 25, 2016, 12:17:51 AM |
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And follow Banzai's advice, write to support, DONT WRITE IN THEIR TROLLBOX. They used to ban for posting in chat, you can ask, but after you withdraw your coins, otherwise you might be banned and unbanning could take longer than round 2 ending period.
Looking at BlockPioneers, 10% of chipcoins is already pledged. Banzai, does this include stucked yobit transactions or not? If so, how much is stucked for pledging?
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Trial
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July 25, 2016, 12:30:18 PM |
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At what rate can I exchange my Chipcoin on PIO?
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ErikW79
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July 25, 2016, 12:44:39 PM |
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At what rate can I exchange my Chipcoin on PIO?
That will be known after crowdund completion. |
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raetsch
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Activity: 957
Merit: 1006
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July 25, 2016, 12:46:44 PM |
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At what rate can I exchange my Chipcoin on PIO?
1chip=300sat 333333,33chip=1btc at the end of ico will be the great maths to see the price. |
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Golftech
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July 25, 2016, 12:48:56 PM |
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how can i send my 1000 chips from yobit if the wallet still in maintenance? just wanna try the ico 2.
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ErikW79
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July 25, 2016, 01:20:36 PM |
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how can i send my 1000 chips from yobit if the wallet still in maintenance? just wanna try the ico 2.
No one is able to send chip from yobit to wallet. I think it will take some time. |
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bhokor
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Activity: 966
Merit: 1000
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July 25, 2016, 01:46:54 PM |
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how can i send my 1000 chips from yobit if the wallet still in maintenance? just wanna try the ico 2.
No one is able to send chip from yobit to wallet. I think it will take some time. What will happen if ICo ends and Chipcoin wallet is still under maintenance in the exchange dev? there are some alternative plan for this? |
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Kisleav
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July 25, 2016, 01:56:12 PM |
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how can i send my 1000 chips from yobit if the wallet still in maintenance? just wanna try the ico 2.
No one is able to send chip from yobit to wallet. I think it will take some time. Yobit is problematic, it can take up to a month, wmc has been under maintenance for over two months now Regardless of how may tickets we submitted to the support, but I hope this will be solved soon. |
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