animalroam
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Activity: 1073
Merit: 1000
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July 02, 2016, 05:34:21 PM |
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Correct me if I'm wrong, but isn't this assuming that an equal amount or more people will invest during Phase 2?
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zaph3t (OP)
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July 02, 2016, 05:46:11 PM |
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Correct me if I'm wrong, but isn't this assuming that an equal amount or more people will invest during Phase 2?
true and either way, Investors from Phase I will gain more and their Investment will be secure with the 10% Bonus and if they also Invest a little little tiny bit of btc in Phase II, they Gain way more than other Investors that only invested in Phase II only.Phase II is a Open price to the Community a Freedom to everyone to invest what they want but their Amount of Coins Received will keep decreasing if more people are investing until the end of ICO in general. Thank you. EDIT: We have more than 5 days until the end of ICO Phase I so everything is Fair at the Moment.
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Patriarch
Sr. Member
Offline
Activity: 347
Merit: 258
Founder of PROCOMMERCE.IO
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July 02, 2016, 06:03:08 PM |
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ICO TERMS TO BE UPDATED FOR PHASE II
Seeing how the ICO is going, we are going to Update the Terms for PHASE II to give more Freedom and Benefit to everyone. We think it will be better that all 20M reserved for ICO be distributed so we dont have to put ourselves in a Situation to burn any Coins. All Current ICO PHASE I Investors will have a BONUS of 10% added to their Investment to make it fair if they decide to not Participate in PHASE II.
In ICO PHASE II, the Number of Coins SOLD in (PHASE I) [plus] the 10% Bonus that will be applied to each PHASE I Investor [minus] the 20M Coins will be The TOTAL COINS OF PHASE II and the Distribution will be PROPORTIONAL to each Investor based on his/her amount of BTC invested. That means there will be NO FIXED ICO PRICE in PHASE II.
EX: If only 1M Coins are sold in ICO PHASE I, we will have [1M + 10% Bonus of each PHASE I Investor] - [20M Coins]
So: TOTAL COINS OF ICO PHASE II = [NUMBER OF COINS SOLD IN PHASE I + 10% BONUS OF EACH PHASE I INVESTOR] - [20M COINS]
HOW ICO PHASE II DISTRIBUTION COINS WILL WORK?
EX1: If 15M Coins are the TOTAL COINS LEFT FOR ICO PHASE II, we will have 15M * (MY AMOUNT OF BTC SENT / TOTAL BTC INVESTED)
EX2: IN ICO PHASE II (ex: TOTAL Coins left for sell is 15M), if I Invest 0.5 BTC and there is already a Total of 10 BTC Invested, we will have: 15000000 * (0.5 BTC / 10 BTC) = 750000 COINS - so the 750000 Coins will be your TOTAL COINS at the time that you Invested BUT that amount will keep decreasing as MANY PEOPLE INVEST until the END OF ICO PHASE II.
CALCULATION AGAIN: ICO PHASE II (Proportional Distribution)
MY PHASE II ICO COINS = [TOTAL NUMBER OF COINS LEFT FOR ICO PHASE II] * (MY AMOUNT OF BTC SENT / TOTAL BTC INVESTED)
NOTE: All PHASE I and PHASE II Spreadsheets will be made PUBLIC for everyone to check on their Investment.
EDIT: There is no Bonus in Phase II
If you have any Question, please ask.
regards,
Zaphet
Nice Changes, Im glad that I already invested some few btc in phase1. and will invest more before end of course. Make sure you sent it to the right address. You can always see the transaction on blockchain.info
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menace.bit
Sr. Member
Offline
Activity: 457
Merit: 250
Generation Blockchain.
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July 02, 2016, 06:07:50 PM |
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Correct me if I'm wrong, but isn't this assuming that an equal amount or more people will invest during Phase 2?
true and either way, Investors from Phase I will gain more and their Investment will be secure with the 10% Bonus and if they also Invest a little little tiny bit of btc in Phase II, they Gain way more than other Investors that only invested in Phase II only.Phase II is a Open price to the Community a Freedom to everyone to invest what they want but their Amount of Coins Received will keep decreasing if more people are investing until the end of ICO in general. Thank you. EDIT: We have more than 5 days until the end of ICO Phase I so everything is Fair at the Moment. Hmmm.. To me it looks like phase 2 is more beneficial than those who invested in phase 1. So far 0.6 BTC + 10% @15 sats will yield about 4.4 million tokens. 20 million - 4.4 million will leave 15.6 million for phase 2. Of course if more will be invested in phase 2 then that will dillute the pot. So it all depends at the end.
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zaph3t (OP)
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July 02, 2016, 06:26:35 PM |
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Correct me if I'm wrong, but isn't this assuming that an equal amount or more people will invest during Phase 2?
true and either way, Investors from Phase I will gain more and their Investment will be secure with the 10% Bonus and if they also Invest a little little tiny bit of btc in Phase II, they Gain way more than other Investors that only invested in Phase II only.Phase II is a Open price to the Community a Freedom to everyone to invest what they want but their Amount of Coins Received will keep decreasing if more people are investing until the end of ICO in general. Thank you. EDIT: We have more than 5 days until the end of ICO Phase I so everything is Fair at the Moment. Hmmm.. To me it looks like phase 2 is more beneficial than those who invested in phase 1. So far 0.6 BTC + 10% @15 sats will yield about 4.4 million tokens. 20 million - 4.4 million will leave 15.6 million for phase 2. Of course if more will be invested in phase 2 then that will dillute the pot. So it all depends at the end. It all do depends at the end but like I said, Investors from Phase I have more advantage with the 10% Bonus and if they even decide to put a little btc in Phase II, they will gain way more than those invested in Phase II only. btw your calculation is kind of wrong is it 0.000015 and not 0.00000015. Each person makes his/her own choice. The result will be known on July 15th (End of the ICO in General). Thank you.
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menace.bit
Sr. Member
Offline
Activity: 457
Merit: 250
Generation Blockchain.
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July 02, 2016, 06:32:00 PM |
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Correct me if I'm wrong, but isn't this assuming that an equal amount or more people will invest during Phase 2?
true and either way, Investors from Phase I will gain more and their Investment will be secure with the 10% Bonus and if they also Invest a little little tiny bit of btc in Phase II, they Gain way more than other Investors that only invested in Phase II only.Phase II is a Open price to the Community a Freedom to everyone to invest what they want but their Amount of Coins Received will keep decreasing if more people are investing until the end of ICO in general. Thank you. EDIT: We have more than 5 days until the end of ICO Phase I so everything is Fair at the Moment. Hmmm.. To me it looks like phase 2 is more beneficial than those who invested in phase 1. So far 0.6 BTC + 10% @15 sats will yield about 4.4 million tokens. 20 million - 4.4 million will leave 15.6 million for phase 2. Of course if more will be invested in phase 2 then that will dillute the pot. So it all depends at the end. It all do depends at the end but like I said, Investors from Phase I have more advantage with the 10% Bonus and if they even decide to put a little btc in Phase II, they will gain way more than those invested in Phase II only. btw your calculation is kind of wrong is it 0.000015 and not 0.00000015. Each person makes his/her own choice. The result will be known on July 15th (End of the ICO in General). Thank you. Ok then at 150 sats then there's less coins for those that have invested 0.6 BTC up to now. If I am to invest, i'll just wait for Phase 2 to start. But then that's for me.
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zaph3t (OP)
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July 02, 2016, 06:46:51 PM |
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Ok then at 150 sats then there's less coins for those that have invested 0.6 BTC up to now. If I am to invest, i'll just wait for Phase 2 to start. But then that's for me. True and it is your choice thanks for your interest.
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zaph3t (OP)
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July 02, 2016, 07:32:36 PM |
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BITSYNQ.COM updated with FAQs information and the Changes made for Phase II ICO Terms.
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mekar sari
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July 02, 2016, 09:11:28 PM |
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only 10 people receive?
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zaph3t (OP)
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July 02, 2016, 09:34:05 PM |
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only 10 people receive? Sorry for the confusion, nobody received anything. I was just VALIDATING each Bounty Entry and stopped at only few people for now. Everyone Entry will be checked by July 16th the date that the Wallets will be released so no worry. Then coin hasn't been launched yet. Thanks.
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Hoganye
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July 03, 2016, 03:17:57 AM |
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darkhorse!
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siameze
Legendary
Offline
Activity: 1064
Merit: 1000
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July 03, 2016, 03:42:21 AM |
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I dont like all this changing of the bonus rules. Even if phase one people are taken care of to add a new bonus now sucks for people who already invested and are looking forward to coins being burnt. This is fucked up. I cant believe I invested n this shit.
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Kisleav
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July 03, 2016, 11:06:49 AM |
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I dont like all this changing of the bonus rules. Even if phase one people are taken care of to add a new bonus now sucks for people who already invested and are looking forward to coins being burnt. This is fucked up. I cant believe I invested n this shit. It could be a win win situation at the end of it all.
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sesiah
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July 03, 2016, 11:14:16 AM |
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ICO TERMS TO BE UPDATED FOR PHASE II
Seeing how the ICO is going, we are going to Update the Terms for PHASE II to give more Freedom and Benefit to everyone. We think it will be better that all 20M reserved for ICO be distributed so we dont have to put ourselves in a Situation to burn any Coins. All Current ICO PHASE I Investors will have a BONUS of 10% added to their Investment to make it fair if they decide to not Participate in PHASE II.
In ICO PHASE II, the Number of Coins SOLD in (PHASE I) [plus] the 10% Bonus that will be applied to each PHASE I Investor [minus] the 20M Coins will be The TOTAL COINS OF PHASE II and the Distribution will be PROPORTIONAL to each Investor based on his/her amount of BTC invested. That means there will be NO FIXED ICO PRICE in PHASE II.
EX: If only 1M Coins are sold in ICO PHASE I, we will have [1M + 10% Bonus of each PHASE I Investor] - [20M Coins]
So: TOTAL COINS OF ICO PHASE II = [NUMBER OF COINS SOLD IN PHASE I + 10% BONUS OF EACH PHASE I INVESTOR] - [20M COINS]
HOW ICO PHASE II DISTRIBUTION COINS WILL WORK?
EX1: If 15M Coins are the TOTAL COINS LEFT FOR ICO PHASE II, we will have 15M * (MY AMOUNT OF BTC SENT / TOTAL BTC INVESTED)
EX2: IN ICO PHASE II (ex: TOTAL Coins left for sell is 15M), if I Invest 0.5 BTC and there is already a Total of 10 BTC Invested, we will have: 15000000 * (0.5 BTC / 10 BTC) = 750000 COINS - so the 750000 Coins will be your TOTAL COINS at the time that you Invested BUT that amount will keep decreasing as MANY PEOPLE INVEST until the END OF ICO PHASE II.
CALCULATION AGAIN: ICO PHASE II (Proportional Distribution)
MY PHASE II ICO COINS = [TOTAL NUMBER OF COINS LEFT FOR ICO PHASE II] * (MY AMOUNT OF BTC SENT / TOTAL BTC INVESTED)
NOTE: All PHASE I and PHASE II Spreadsheets will be made PUBLIC for everyone to check on their Investment.
EDIT: There is no Bonus in Phase II
If you have any Question, please ask.
regards,
Zaphet
This is a very reasonable change and I will be watching this for the future. Looks like a lot of work has gone into this coin/token and project. I will invest more on the second phase,; it could be very much interesting.
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L3gionario
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July 03, 2016, 12:33:29 PM |
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Twitter, SIG & AVATAR campaign joined too!!
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CowboyKiller
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July 03, 2016, 12:40:24 PM |
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I dont like all this changing of the bonus rules. Even if phase one people are taken care of to add a new bonus now sucks for people who already invested and are looking forward to coins being burnt. This is fucked up. I cant believe I invested n this shit. I cant believe how negative you been whole time and now play investor act. I have invested half a btc what you invest? I like the changes and will invest more.
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Kisleav
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July 03, 2016, 02:06:54 PM |
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I dont like all this changing of the bonus rules. Even if phase one people are taken care of to add a new bonus now sucks for people who already invested and are looking forward to coins being burnt. This is fucked up. I cant believe I invested n this shit. I cant believe how negative you been whole time and now play investor act. I have invested half a btc what you invest? I like the changes and will invest more. Changes are good to those of us who are will to invest, I love the idea.
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kellendil
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July 03, 2016, 06:09:58 PM |
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so 1 btc raised so far ?
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neiq
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July 03, 2016, 10:08:15 PM |
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Interesting, but what will happen if only 10btc worth of coins is sold?
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placebo
Legendary
Offline
Activity: 1120
Merit: 1000
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July 03, 2016, 10:31:55 PM |
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I like the changes in ICO terms. A lot more interesting for investors. Can be a 10 bagger here.
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