[ANN][OpenBeta] FirstBlood.io - Come Play!! 1ST Esports Competition Platform

[davidjcambra]

Whats the present price??

[ICOcountdown.com]

https://www.youtube.com/watch?v=IDxS8g_LOdA&feature=youtu.be interview with marco from https://firstblood.io/ Enjoy everyone

[firstblood.io]

Thanks for doing the interview for us!

https://steemit.com/firstblood/@jasonmcz/firstblood-the-esports-rewards-platform-built-on-ethereum-gets-down-to-business-with-white-paper-release

[killerjoegreece]

the greek translation is complete here. https://bitcointalk.org/index.php?topic=1560669.msg15665586#msg15665586 enjoy guys.

Wonderful! Thank you man! Come to our slack and help us build the community! You will be the pioneer  

I am coming. Can you disclose what the bounty amount would be and when we shall receive sir?

the Greek translation is not added to op. maybe i missed it tho

[OmnesOmni]

Whats the present price??

Hi David!

The price at the start of the initial crowd sale will be 1ETH: 150 FBT for the first week of September 26th. The price will dilute until the last week to 1:100 and the sale will end on October 24th. We are thinking of some additional discount programs for members of our Slack (slack.firstblood.io) or large volume orders

More information can be found about our crowd sale on our white paper here: https://github.com/Firstbloodio/white-paper/blob/master/FirstBlood_White_Paper.pdf

Let us know what you think!

[m1000]

Hello.

I have a few simple questions:

Will it be possible to trade  FBT in exchanges after ICO but before public lunch?
Will these tokens  FBT be mine able? Who determines the speed at which new FBT coins comes into existence?
FBT does not have a fixed number of max supply, or have it?
Can we predict the growth rate in circulation of FBT after Public Beta Release (~2017 May)?

Thank you!

[OmnesOmni]

1. Yes! FBT will be almost immediately on 3rd party centralized and decentralized exchanges.

More info here: https://firstblood.io/sale/

2. No, these tokens will be continuous issuance and will close once the pre-sale has completed. Tokens are pegged to ETH value (1 ETH: 100 FBT). Buy ins may resume once once the platform goes live next year.

3. No, at the moment there is no fixed supply.

4. Yes! Once the ecosystem gets going and new, bigger players utilize our platform there will be a higher demand FBT. We can expect to see more demand once we partner with other projects in the eSports ecosystem.

My pleasure m1000! Let us know if you have any more questions

[OmnesOmni]

m1000, you can find more info about our project and pre-sale here

https://firstblood.io/faq/

[m1000]

In FirstBlood White Paper.pdf
>
Disclaimer
>
Is section called:

"12) Risk of FBŦ Mining Attacks"
Hmmm if there is no mining - how this mining Attacks could occurre ? :-)

[m1000]

"Tokens are pegged to ETH value (1 ETH: 100 FBT)"
Hmmm.

Will this peg (1 ETH: 100 FBT) be always available to exchange ETH to FBT? I mean after project lunches in 2017, 2018 and so on?
How about covering back FBT to ETH?

The whole amount of  FBT tokens in circulation will be:

A+B+C

A) FBT converted from EHT during crowd sale
and
B) FBT 10mln
7,500,000 Funding team + 2,500,000 promotion fund=10mln
and
C) FBT  converted from EHT after project lunches

Right?

[OmnesOmni]

In FirstBlood White Paper.pdf
>
Disclaimer
>
Is section called:

"12) Risk of FBŦ Mining Attacks"
Hmmm if there is no mining - how this mining Attacks could occurre ? :-)

Haha there is no mining for FBT but there is mining for Ethereum. The overall system is susceptible to attack but the not very likely. Even Bitcoin has its weak points.

[OmnesOmni]

"Tokens are pegged to ETH value (1 ETH: 100 FBT)"
Hmmm.

Will this peg (1 ETH: 100 FBT) be always available to exchange ETH to FBT? I mean after project lunches in 2017, 2018 and so on?
How about covering back FBT to ETH?

The whole amount of  FBT tokens in circulation will be:

A+B+C

A) FBT converted from EHT during crowd sale
and
B) FBT 10mln
7,500,000 Funding team + 2,500,000 promotion fund=10mln
and
C) FBT  converted from EHT after project lunches

Right?

Yes! FBT will be available to exchange for ETH and other digital currencies on both decentralized and centralized exchanges soon after launch in 2017. The price may fluctuate slightly because of changes in supply and demand/exchange fees but the final price will be more or less 1 ETH: 100 FBT.

Bingo! Your calculation is correct 

[m1000]

Thank you!

How about covering back FBT to ETH?

1. Will it be possible to covering back using the same peg  (100 FBT:1ETH:)?
or another peg e.g. (110 FBT:1ETH:)?

2. or...my only option will be to sell FBT on exchanges to whatever (BTC, ETC.. etc.)?

[m1000]

As I understand Funding Team will not be able to sell their 7,5mln FBT for 12 month period starting from that date? Or I am wrong? How are you going to ensure this? 

Will it be possible to see those addresses via block explorer where these 7,5mln FBT is (after crowdsale)?

[m1000]

Yes! FBT will be available to exchange for ETH and other digital currencies on both decentralized and centralized exchanges soon after launch in 2017. The price may fluctuate slightly because of changes in supply and demand/exchange fees but the final price will be more or less 1 ETH: 100 FBT.

Bingo! Your calculation is correct  

I have read these lines (above) 4 times but still I am not sure... My main concern is:
A) Will you keep this peg (1 ETH: 100 FBT) artificially? Artificially I mean anybody in 2018 who have 1 ETH
will be able (on your platform, smart contract etc.) to convert 1 ETH  to 100 FBT automatically, guaranteed, no questions asked. Yes or no? or...
B) This peg (artificially fixed conversion rate) will NOT be available in 2018, 2019 and so on. If this is the case then nobody knows what the conversion rate will be in 2019, because everything will depend purely on exchange rates and free market. It could be 1:50  1:10 or 1:300 and so on.

[m4nki]

Following this thread.

[firstblood.io]

In FirstBlood White Paper.pdf
>
Disclaimer
>
Is section called:

"12) Risk of FBŦ Mining Attacks"
Hmmm if there is no mining - how this mining Attacks could occurre ? :-)

FBT is built on top of ethereum thus it could be subjected to mining attack inherited from the 'mother' chain.

[firstblood.io]

As I understand Funding Team will not be able to sell their 7,5mln FBT for 12 month period starting from that date? Or I am wrong? How are you going to ensure this? 

Will it be possible to see those addresses via block explorer where these 7,5mln FBT is (after crowdsale)?

It's secured by the smart contract and code is viewable under our github.

https://github.com/firstbloodio

[firstblood.io]

To answer question B -- that applies to all crypto currencies.

Each FBT being held by the user, witness or jury have the ability to collect reward by 1) actively voting and using the platform 2) or running a witness node which could be very much reason the price being traded at premium after the crowdsale. T

Yes! FBT will be available to exchange for ETH and other digital currencies on both decentralized and centralized exchanges soon after launch in 2017. The price may fluctuate slightly because of changes in supply and demand/exchange fees but the final price will be more or less 1 ETH: 100 FBT.

Bingo! Your calculation is correct  

I have read these lines (above) 4 times but still I am not sure... My main concern is:
A) Will you keep this peg (1 ETH: 100 FBT) artificially? Artificially I mean anybody in 2018 who have 1 ETH
will be able (on your platform, smart contract etc.) to convert 1 ETH  to 100 FBT automatically, guaranteed, no questions asked. Yes or no? or...
B) This peg (artificially fixed conversion rate) will NOT be available in 2018, 2019 and so on. If this is the case then nobody knows what the conversion rate will be in 2019, because everything will depend purely on exchange rates and free market. It could be 1:50  1:10 or 1:300 and so on.

[firstblood.io]

To answer question B -- that applies to all crypto currencies.

Each FBT being held by the user, witness or jury have the ability to collect future cashflow ("FCF") by 1) actively voting and using the platform 2) or running a witness node which could be very much reason the price being traded at premium after the crowdsale. The value of FBT will likely to depend on the level of participation, whether you're running a node and growth of the network.

Yes! FBT will be available to exchange for ETH and other digital currencies on both decentralized and centralized exchanges soon after launch in 2017. The price may fluctuate slightly because of changes in supply and demand/exchange fees but the final price will be more or less 1 ETH: 100 FBT.

Bingo! Your calculation is correct  

I have read these lines (above) 4 times but still I am not sure... My main concern is:
A) Will you keep this peg (1 ETH: 100 FBT) artificially? Artificially I mean anybody in 2018 who have 1 ETH
will be able (on your platform, smart contract etc.) to convert 1 ETH  to 100 FBT automatically, guaranteed, no questions asked. Yes or no? or...
B) This peg (artificially fixed conversion rate) will NOT be available in 2018, 2019 and so on. If this is the case then nobody knows what the conversion rate will be in 2019, because everything will depend purely on exchange rates and free market. It could be 1:50  1:10 or 1:300 and so on.