open82buy
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September 10, 2016, 02:29:30 AM |
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Will be reading the White Paper.
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OmnesOmni
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September 10, 2016, 07:27:19 PM |
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Will be reading the White Paper.
Let us know if you have any questions!
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fible1
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September 10, 2016, 08:00:40 PM |
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Correct me if I am wrong, but the First Blood token will need to either be pegged in value to USD or be inflated as new users join the system for it to be at all useful for game play. Also the token DOES NOT represent an ownership stake in the platform. So beyond helping you bootstrap the platform, what is the incentive of an investor (not a gamer) in buying the token?
Thank you, Pablo.
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Fantastic FREE BOOKS: "Crypto Success": bit.ly/Crypto-Success; "Principles for Crypto Investment": bit.ly/Crypto-Principles; "Crypto Survival": bit.ly/Crypto-Survival'; PGP Key(s): Pablo@Pablo-Lema.com: http://pastebin.com/V8Z4WxUE
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Bannedseller
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September 11, 2016, 03:25:13 AM |
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How Do you compare to PeerPlays?
Hi Bannedseller! There are many differences but on the whole they are creating a platform for developers to make gaming and gambling applications on. Our project is focusing on eSports with our blockchain based rewards platform built on ethereum. We differentiate ourselves from the competition by only allowing skill based wagering on yourself, as opposed to wagering on others or betting on games of chance (i.e. gambling on casino style games). FirstBlood's function is not considered gambling in the United States and in many other jurisdictions throughout the world. We also have our cross-title eSports Integrity System that includes Witness nodes to verify game data and our distributed Jury Voting Pool to deal with alleged cases of hacking, cheating, or toxic behavior. This is something that no other similar project has attempted to do (on or off the Blockchain). Unlike other projects, we've also gone the extra mile by making sure we are complying with existing laws to ensure that the project can thrive. Other projects are violating gambling laws, issuing securities, or have no sort of legal counsel at all. These actions not only have the potential to kill the project, but may put the funders, users, and the founders at risk for criminal prosecution. This field has come under a lot of scrutiny in the last few months and we'd rather not get caught up in that mess, for the sake of the project and our users. Lastly, we strive to be as transparent as possible with all of our operations. We have a majority of our team is on our Slack ( http://slack.firstblood.io/) 24/7 to answer questions and connect with our fans. Here are the links to all of our LinkedIn profiles if you'd like to check us out! Core TeamJoe, Project Lead: https://www.linkedin.com/in/joeczhouZack, Smart Contract Architect: https://www.linkedin.com/in/zack-coburn-7237b32Marco, Business Development: https://www.linkedin.com/in/marco-cuesta-11841b50Anik, Developer: https://www.linkedin.com/in/anik-dang-85793b50Legal CounselDan, Attorney: https://www.linkedin.com/in/daniel-temkin-99b39663AdvisorsJoey Krug (Augur), Technical Advisor https://www.linkedin.com/in/joeykrugGeorge Popescu, Finance and Operations: https://www.linkedin.com/in/gapopescuMikko Ohtamaa (LocalBitcoins, CryptoSecuritiesExchange), Technical Advisor https://www.linkedin.com/in/ohtisThanks for the reply. I like this project. I Will be investing
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OmnesOmni
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September 12, 2016, 03:46:49 AM Last edit: September 12, 2016, 03:59:41 AM by OmnesOmni |
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Correct me if I am wrong, but the First Blood token will need to either be pegged in value to USD or be inflated as new users join the system for it to be at all useful for game play. Also the token DOES NOT represent an ownership stake in the platform. So beyond helping you bootstrap the platform, what is the incentive of an investor (not a gamer) in buying the token?
Thank you, Pablo.
Hi Pablo! Close, the token does not necessarily need to be pegged to a fiat value. The tokens will be issued with the base price of 1ETH: 100 (1ST). Their amount will also be permanently capped after the crowdsale and no more than $5.5mm worth of ETH will be accepted for token creation. Several 3rd party exchanges (centralized and decentralized) will allow for exchanging to take place, so gaining new tokens should not be a problem. In our early stages FirstBlood Tokens will be the only way to interact with the platform. However, in later versions users will also have the ability to challenge others with Ether and other tokens, including stablecoins. That is correct, this token does not represent ownership, as that would constitute it as a security under existing laws. The primary purpose of 1ST is to enable us to reward people for referrals, running witness nodes (similar to BTC mining), and being an active jury voting pool member (similar to moderation). The incentives to participate in this crowdsale are nearly identical to the incentives of Augur's successful REP crowdsale. 1ST has similar functionalities to REP (verification and consensus mechanisms) with the added benefit of referral rewards. No gaming required, but you will always have the ability to use 1ST as a stake for challenging others. P.S. @MemoryShock our lead Dev is an ACAMS Certified Anti-Money Specialist. Guess we broke the internet XD
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OmnesOmni
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September 12, 2016, 03:50:51 AM |
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How Do you compare to PeerPlays?
Hi Bannedseller! There are many differences but on the whole they are creating a platform for developers to make gaming and gambling applications on. Our project is focusing on eSports with our blockchain based rewards platform built on ethereum. We differentiate ourselves from the competition by only allowing skill based wagering on yourself, as opposed to wagering on others or betting on games of chance (i.e. gambling on casino style games). FirstBlood's function is not considered gambling in the United States and in many other jurisdictions throughout the world. We also have our cross-title eSports Integrity System that includes Witness nodes to verify game data and our distributed Jury Voting Pool to deal with alleged cases of hacking, cheating, or toxic behavior. This is something that no other similar project has attempted to do (on or off the Blockchain). Unlike other projects, we've also gone the extra mile by making sure we are complying with existing laws to ensure that the project can thrive. Other projects are violating gambling laws, issuing securities, or have no sort of legal counsel at all. These actions not only have the potential to kill the project, but may put the funders, users, and the founders at risk for criminal prosecution. This field has come under a lot of scrutiny in the last few months and we'd rather not get caught up in that mess, for the sake of the project and our users. Lastly, we strive to be as transparent as possible with all of our operations. We have a majority of our team is on our Slack ( http://slack.firstblood.io/) 24/7 to answer questions and connect with our fans. Here are the links to all of our LinkedIn profiles if you'd like to check us out! Core TeamJoe, Project Lead: https://www.linkedin.com/in/joeczhouZack, Smart Contract Architect: https://www.linkedin.com/in/zack-coburn-7237b32Marco, Business Development: https://www.linkedin.com/in/marco-cuesta-11841b50Anik, Developer: https://www.linkedin.com/in/anik-dang-85793b50Legal CounselDan, Attorney: https://www.linkedin.com/in/daniel-temkin-99b39663AdvisorsJoey Krug (Augur), Technical Advisor https://www.linkedin.com/in/joeykrugGeorge Popescu, Finance and Operations: https://www.linkedin.com/in/gapopescuMikko Ohtamaa (LocalBitcoins, CryptoSecuritiesExchange), Technical Advisor https://www.linkedin.com/in/ohtisThanks for the reply. I like this project. I Will be investing Thank you for the support Bannedseller, great to have you onboard! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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fible1
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September 12, 2016, 06:24:58 PM |
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Correct me if I am wrong, but the First Blood token will need to either be pegged in value to USD or be inflated as new users join the system for it to be at all useful for game play. Also the token DOES NOT represent an ownership stake in the platform. So beyond helping you bootstrap the platform, what is the incentive of an investor (not a gamer) in buying the token?
Thank you, Pablo.
Hi Pablo! Close, the token does not necessarily need to be pegged to a fiat value. The tokens will be issued with the base price of 1ETH: 100 (1ST). Their amount will also be permanently capped after the crowdsale and no more than $5.5mm worth of ETH will be accepted for token creation. Several 3rd party exchanges (centralized and decentralized) will allow for exchanging to take place, so gaining new tokens should not be a problem. In our early stages FirstBlood Tokens will be the only way to interact with the platform. However, in later versions users will also have the ability to challenge others with Ether and other tokens, including stablecoins. That is correct, this token does not represent ownership, as that would constitute it as a security under existing laws. The primary purpose of 1ST is to enable us to reward people for referrals, running witness nodes (similar to BTC mining), and being an active jury voting pool member (similar to moderation). The incentives to participate in this crowdsale are nearly identical to the incentives of Augur's successful REP crowdsale. 1ST has similar functionalities to REP (verification and consensus mechanisms) with the added benefit of referral rewards. No gaming required, but you will always have the ability to use 1ST as a stake for challenging others. P.S. @MemoryShock our lead Dev is an ACAMS Certified Anti-Money Specialist. Guess we broke the internet XD Thank you for your detailed response, much appreciated! Pablo.
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Fantastic FREE BOOKS: "Crypto Success": bit.ly/Crypto-Success; "Principles for Crypto Investment": bit.ly/Crypto-Principles; "Crypto Survival": bit.ly/Crypto-Survival'; PGP Key(s): Pablo@Pablo-Lema.com: http://pastebin.com/V8Z4WxUE
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placebo
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September 12, 2016, 06:26:26 PM |
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Where is the escrow?
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shapeshiftscam
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September 12, 2016, 06:27:26 PM |
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More details about the total amount of coins? Op doesn't display this data at all. And more bounty campaigns?
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houseo
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September 12, 2016, 06:51:02 PM |
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So there is always a continuing issuance of 1SŦ at 100 tokens per 1 eth? Are these bought straight from a smart contract with funds going to the founders?
Let's assume ETH is $12 and $5.5M is reached during the 150 to 1 period.
That means a total of 458,333.33 ETH invested, for a total of 68,750,000 1SŦ tokens.
Let's assume I invested 100 ETH. I have 15,000 tokens out of a total 68,750,000.
After release, my % of tokens will continue to dilute as more people buy more. And what is to stop the founding team from continually investing and re-investing their funds to dilute everyone else's holdings?
If this is the token structure, it is not workable.
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OmnesOmni
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September 12, 2016, 06:58:30 PM |
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Where is the escrow?
A unique escrow is automatically created by our smart contract each time a match is generated.
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OmnesOmni
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September 12, 2016, 07:03:46 PM |
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More details about the total amount of coins? Op doesn't display this data at all. And more bounty campaigns?
Hey Shapeshiftscam! All of the information is in our whitepaper but we also made this graphic we are uploading to the OP. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FmQFxnAD.png&t=665&c=tHQuute-fUf6rA) Crowdsale will be capped at $5.5mm worth of ETH and the fund allocations will be based off the amount we raise with the exception of the fixed bounty fund. No more tokens will be created after the sale has concluded! Yes we do have more bounty for PR!
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houseo
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September 12, 2016, 07:09:34 PM |
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Crowdsale will be capped at $5.5mm worth of ETH and the fund allocations will be based off the amount we raise with the exception of the fixed bounty fund. No more tokens will be created after the sale has concluded!
Yes we do have more bounty for PR!
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.
These two posts from you differ from each other.
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OmnesOmni
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September 12, 2016, 07:13:11 PM |
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So there is always a continuing issuance of 1SŦ at 100 tokens per 1 eth? Are these bought straight from a smart contract with funds going to the founders?
Let's assume ETH is $12 and $5.5M is reached during the 150 to 1 period.
That means a total of 458,333.33 ETH invested, for a total of 68,750,000 1SŦ tokens.
Let's assume I invested 100 ETH. I have 15,000 tokens out of a total 68,750,000.
After release, my % of tokens will continue to dilute as more people buy more. And what is to stop the founding team from continually investing and re-investing their funds to dilute everyone else's holdings?
If this is the token structure, it is not workable.
Close! Please refer to the graphic in the above post. 1ST is bought by sending ETH to our smart contract and then goes to our FirstBlood multisig wallet. If we hit the $5.5mm worth of ETH in the crowdfund, the token issuance will stop permanently. No more tokens will be created!
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OmnesOmni
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September 12, 2016, 07:15:29 PM |
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Crowdsale will be capped at $5.5mm worth of ETH and the fund allocations will be based off the amount we raise with the exception of the fixed bounty fund. No more tokens will be created after the sale has concluded!
Yes we do have more bounty for PR!
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.
These two posts from you differ from each other. Indeed they do. We consulted with our Slack community about this a few days after that first post and decided to change the model permanently. This new model has been locked in and will not change. Thank you for looking closely!
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houseo
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September 12, 2016, 07:25:54 PM |
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Ok, please correct me if I'm wrong on total tokens.
We will assume $5.5 million in ETH creates 68,750,000 1SŦ tokens.
Founders get 10%, so another 6,875,000 tokens
eSports ecosystem gets 5%, so 3,437,500 tokens
Bounty fund is 2,500,000
For a total of: 68,750,000 + 6,875,000 + 3,437,500 + 2,500,000 = 81,562,500 tokens and no more will ever be created.
Is that right if we make the assumption 5.5M eth = 68,750,000 tokens?
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OmnesOmni
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September 12, 2016, 07:44:17 PM |
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Ok, please correct me if I'm wrong on total tokens.
We will assume $5.5 million in ETH creates 68,750,000 1SŦ tokens.
Founders get 10%, so another 6,875,000 tokens
eSports ecosystem gets 5%, so 3,437,500 tokens
Bounty fund is 2,500,000
For a total of: 68,750,000 + 6,875,000 + 3,437,500 + 2,500,000 = 81,562,500 tokens and no more will ever be created.
Is that right if we make the assumption 5.5M eth = 68,750,000 tokens?
No corrections, you hit the nail on the head. It seems like a fair assumption if our crowdsale maxes out within the first week. Many other scenarios can happen though.
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standalone13
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September 12, 2016, 07:45:56 PM |
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The name tells everything. There will be a scam-massacre. ![Cry](https://bitcointalk.org/Smileys/default/cry.gif)
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jacaf01
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September 12, 2016, 08:20:46 PM |
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The name tells everything. There will be a scam-massacre. ![Cry](https://bitcointalk.org/Smileys/default/cry.gif) Please, I tired of people calling out someone else's vision a scam without any proof to back the statement, I think there should be a penalty for any BCT user that call out any project scam without any proof to back it up.
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houseo
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September 12, 2016, 08:41:49 PM |
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September 26 12:00am UTC = midnight between sep 25/26 or midnight between sep 26/27?
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