[BitSynq]~P2P In Wallet Applications~ Modern Wallet Update to v1.1.6|Synq.tech

[placebo]

Almost 13 BTC in ICO funds. Solid amount of BTCs. Keep up the good work.

[1715588536]

1715588536

[cryptolord]

IMPORTANT: We are going to Bring all PHASE 1 Investors to PHASE II ICO since phase1 did not go well as we planned. So for FAIRNESS,
everyone who already Invested will have the 20M Coins Distributed Proportionally to the Amount of BTC they Sent.

Instead of: [19580940] * (MY AMOUNT OF BTC SENT / TOTAL BTC INVESTED), it will now be [20000000] * (MY AMOUNT OF BTC SENT / TOTAL BTC INVESTED)

As a phase I investor this is much better.

Do Phase I Investors still get the 10% bonus then?

If yes, how the calculation will be?

[zaph3t]

IMPORTANT: We are going to Bring all PHASE 1 Investors to PHASE II ICO since phase1 did not go well as we planned. So for FAIRNESS,
everyone who already Invested will have the 20M Coins Distributed Proportionally to the Amount of BTC they Sent.

Instead of: [19580940] * (MY AMOUNT OF BTC SENT / TOTAL BTC INVESTED), it will now be [20000000] * (MY AMOUNT OF BTC SENT / TOTAL BTC INVESTED)

As a phase I investor this is much better.

Do Phase I Investors still get the 10% bonus then?

That will be totally unfair and unacceptable. There is no BONUS in Phase2 ICO structure (it is posted in the ICO terms section).

Thank you.

[MartiniBlanco]

IMPORTANT: We are going to Bring all PHASE 1 Investors to PHASE II ICO since phase1 did not go well as we planned. So for FAIRNESS,
everyone who already Invested will have the 20M Coins Distributed Proportionally to the Amount of BTC they Sent.

Instead of: [19580940] * (MY AMOUNT OF BTC SENT / TOTAL BTC INVESTED), it will now be [20000000] * (MY AMOUNT OF BTC SENT / TOTAL BTC INVESTED)

As a phase I investor this is much better.

Do Phase I Investors still get the 10% bonus then?

That will be totally unfair and unacceptable. There is no BONUS in Phase2 ICO structure (it is posted in the ICO terms section).

Thank you.

Why is that unfair? I invested in Phase I to get an 10% Bonus. Now you changed ICO rules and I get only a proportion as anyone else and no bonus for early investors. The early investor is the one that gave trust to the project, spreading the word and giving a signal to others that came later that this project is legit.

Calculation:
The amount invested in Phase1 gets a proportionally amount as everyone else after ICO ends after 15th of July.
All Phase I investors will get their deserved 10% bonus additionally to the proportionally amount. This will subsequently lower the amount of Phase II Investors.
I guess Lisk did it the same way. No Unfairness with that imo.
Cutting early Investors off now is unfair.

Thank you.

Edit: There is no NO BONUS in Phase1 ICO structure (it is posted in the ICO term section). Quote: Plus you will Get an Additional 10% BONUS applied on your Investment.

Edit2: To be clear: I invested in Phase1 not Phase2. So, I am eligible for that Bonus. You can not just cut Investors off only because you decided to put every Investor in Phase2 now!
not acceptable and unfair!

[Kisleav]

I love the change in the terms of the ICO, thanks to the dev.

[cryptolord]

If we still want to give the 10% bonus to phase one investors as a token of appreciation to their early support, is it possible to do the callculation like this:

Calculate the btc brought forward from phase one to phase 2 with a 10% markup. For example, If an investor contributed 1 btc in phase one, for the purpose of determining how much bitsynq he will get, base the calculation as though he contributed 1.1 btc in phase 2.

Does it make sense?

[bspus]

If we still want to give the 10% bonus to phase one investors as a token of appreciation to their early support, is it possible to do the callculation like this:

Calculate the btc brought forward from phase one to phase 2 with a 10% markup. For example, If an investor contributed 1 btc in phase one, for the purpose of determining how much bitsynq he will get, base the calculation as though he contributed 1.1 btc in phase 2.

Does it make sense?

Phase 1 was unfair even with bonus. Merging the 2 phases is just about fair.

Don't push it too far or the phase 2 people will have the right to complain.

[stupidboy123]

Thanks dev for making the ICO a more fair prospect....i am much happier with this arrangement...although the loss of 10% bonus for being an early believer in this project sucks a little, but i'd rather not be greedy and upset phase 2 investors...although appreciation for early investment where it is due would be nice :-)

[cryptolord]

Thanks dev for making the ICO a more fair prospect....i am much happier with this arrangement...although the loss of 10% bonus for being an early believer in this project sucks a little, but i'd rather not be greedy and upset phase 2 investors...although appreciation for early investment where it is due would be nice :-)

Very diplomatic

[killerjoegreece]

UPDATED GREEK TRANSLATION WITH NEW ICO TERMS

https://bitcointalk.org/index.php?topic=1517750.msg15275291#msg15275291

[BoldNinja]

Phase 1 investors should be happy by this decision and not ask for 10% bonus since you will get more than you would if current structure would be at the end.

[zaph3t]

To everyone to understand why Phase1 had a BONUS it is because of the FIXED Price of 0.000015 BTC / Coin.
Does Phase2 have a FIXED Price? NO. And I did not decide anything only Community brought the Suggestion so If some people
are not in favor to be brought from Phase1 to Phase2 ICO because of the loss of the BONUS, please tell me and I will Reverse the
Process right away (we still have time before ICO ends). I cannot give any BONUS while you are on the same level as Phase2
Investors unless you go BACK to the Fixed Price of 0.000015 BTC / Coin. Give me a final decision here.

thank you.

[Axente]

Phase 1 investors should be happy by this decision and not ask for 10% bonus since you will get more than you would if current structure would be at the end.

Some people never get enough and you are totally right. I think its really nice of them to change it to this.

[ROBERTO]

sometimes i don't understand people, ask yourself what is the best choice! Lose your 10% and receive lot more coin, or keep your 10% and keep paying 0.000015 btc per coin

For me choice is easy if i invested in phase 1!

[cohnhead]

while it would be really nice for phase 1 investors to somehow get the 10% bonus for being early adopters and taking the initial risk  ( a good portion of phase 2 investors are phase 1 investors so I doubt many would complain)...I don't think its necessary.

The change to roll all funds together proportionally seems very fair , given the fact that its obvious that like myself most phase 1 investors just assumed investing early would reap greater rewards in terms of token count.

we didn't read and comprehend that in order for that fixed price plus bonus to work, ico would have to raise around 300 btc or so...so really our bad. kind of like dao. no muss no fuss...we just hard forked ico. see how easy vb




 

[Perryl]

I'm totally fine. I was going to invest in both phases, but I won't if they're merged. I only invested in phase 1 for the 10% bonus because I knew phase 2 was getting the better end of the deal.

I don't know how many phase 1 investors there were in total, but I'm fine with the change. So that's one.

[Kisleav]

To everyone to understand why Phase1 had a BONUS it is because of the FIXED Price of 0.000015 BTC / Coin.
Does Phase2 have a FIXED Price? NO. And I did not decide anything only Community brought the Suggestion so If some people
are not in favor to be brought from Phase1 to Phase2 ICO because of the loss of the BONUS, please tell me and I will Reverse the
Process right away (we still have time before ICO ends). I cannot give any BONUS while you are on the same level as Phase2
Investors unless you go BACK to the Fixed Price of 0.000015 BTC / Coin. Give me a final decision here.

thank you.

Am in for the new change, no bonus but merged phases.

[bison]

Any news , for claim bounty  ?..

[HashStatz]

I think the dev made the right choice merging both phases of the ICO.  Dont worry about the 10% bonus

[zaph3t]

PHASE II ICO Spreadsheet Updated with the Latest TXids and the Merge with Phase1 Investors.

OFFICIAL SPREADSHEET OF ICO PHASE II PLEASE NOTE THAT UPDATES WILL BE MADE EVERY 24HR:

   ICO PHASE II   OFFICIAL SPREADSHEET