[ANN] HEAT: 3.0 crypto*multisig fiat*a2a hft*1000tps*DSA*PoS+PoP*e2ee chat*

[tobsnn]

bought my §heat on ccex, so I will keep waiting and hodl long term. looking at waves it seems like DEX are gaining up traction for the next alt decade coming.

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[farl4web]

I am pissed. I tried to claim my ICO Heat via the website. I paid with Ethereum and did everything accordingly, still it does not confirm. I even saw the 0.0005Eth transferred on etherscan and yes it had >12 condirmations. I also tried to contact the support. Nothing. What is going on? Who screwd up?

Patience.. i think eliphaz will give u and all others in the next days infos about that.
im pretty sure he is very busy at the moment.

kalipo

Yeah I really hate these phrases like "I am pretty sure.." and "I think..." everybody is pretty much left in the dark. There is no clear info about anything from the devs. I also subscribed to the newsletter and received nothing concerning the cashback offer or anything. I have no clue where to get info or where to turn to for any updates. VERY BAD!

Much hate...

[johny08]

anyone knows how well funded this project is?

what is the burn rate?

how long can they continue developing?

-----
when will be the release of the token on exchanges with volume trading?

[bcmine]

anyone knows how well funded this project is?

what is the burn rate?

how long can they continue developing?

-----
when will be the release of the token on exchanges with volume trading?

Will I be able to trade the tokens on Bittrex or Poloniex after the tokens got issued?

[Eliphaz Fimk]

anyone knows how well funded this project is?

Amply funded, approx. 1000 BTC in liquid funds at current rates.

We however still carry high crypto exchange rate risks.

what is the burn rate?
how long can they continue developing?

Burn rate is adjusted per budget, ie. depends much on the 2nd funding round November - February in which we seek up to 1.5 Million EUR additional capital. Barring unexpected circumstances we can continue operating even with current funds for years.

when will be the release of the token on exchanges with volume trading?

On established, popular exchanges? Uncertain.

Will I be able to trade the tokens on Bittrex or Poloniex after the tokens got issued?

Maybe, but not immediately.

[windjc]

anyone knows how well funded this project is?

Amply funded, approx. 1000 BTC in liquid funds at current rates.

We however still carry high crypto exchange rate risks.

what is the burn rate?
how long can they continue developing?

Burn rate is adjusted per budget, ie. depends much on the 2nd funding round November - February in which we seek up to 1.5 Million EUR additional capital. Barring unexpected circumstances we can continue operating even with current funds for years.

when will be the release of the token on exchanges with volume trading?

On established, popular exchanges? Uncertain.

Will I be able to trade the tokens on Bittrex or Poloniex after the tokens got issued?

Maybe, but not immediately.

Had an issue with verification because blockchain.info now changes the sending address every transaction.

Sent email with all details but have not heard back. Please advise.

[Eliphaz Fimk]

Had an issue with verification because blockchain.info now changes the sending address every transaction.

We have a lot of tickets and emails around, some may be lost - please contact support at heatledger dot com with details so it ends up into our ticketing system, thank you.

[tobsnn]

how are arrangements going for IPO so far? some news on that?

[Eliphaz Fimk]

how are arrangements going for IPO so far? some news on that?

Progressing nicely. Material is getting prepared and we're having discussions with various partners who'd be supplying the share emission service in addition to us doing that on the HEAT platform.

Because of the ties with the traditional investment brokers, we're inclining towards first arranging the share release for the folks with the options (from HEAT tokens, facilities TBA) and then to the general public who don't have options.

Every 400 HEAT held can receive one option for purchasing a Heat Ledger Ltd company share for 12.50 EUR each, instead of the 25 EUR price for those without options.

During the emission period (starting in November, supposedly) the options can be traded on the decentralized HEAT exchange accessible directly from the HEAT wallet.

Before all that, we of course need the ICO claim process completed and HEAT mainnet launched.

[spendawgs]

how are arrangements going for IPO so far? some news on that?

Progressing nicely. Material is getting prepared and we're having discussions with various partners who'd be supplying the share emission service in addition to us doing that on the HEAT platform.

Because of the ties with the traditional investment brokers, we're inclining towards first arranging the share release for the folks with the options (from HEAT tokens, facilities TBA) and then to the general public who don't have options.

Every 400 HEAT held can receive one option for purchasing a Heat Ledger Ltd company share for 12.50 EUR each, instead of the 25 EUR price for those without options.

During the emission period (starting in November, supposedly) the options can be traded on the decentralized HEAT exchange accessible directly from the HEAT wallet.

Before all that, we of course need the ICO claim process completed and HEAT mainnet launched.

Eliphaz, Please ellaborate on second funding. what is this for? is there any documentation i can look at?
regards,
Spendawgs

[LiskEnterprise]

Correct me if i am wrong but why would you run an IPO directly after an ICO?

Should you not release the HEAT and get a customer loyalty property first.

The ICO under performed and so why do you think 1.5 Million is now interested in Joining in?

Kim Dot Com only got a Million and he is a big name with past tech success behind him.

I do not see why you would do another funding round after you just exhausted the last one.

Unless you release the platform and it is super impressive way over and above the latest ICO

Zcash, Komodo and others...

Why not decrease your Cypto exchange rate risk and hire some devs?

Delays are never acceptable as they break trust of the issued schedule.

I think there is now selling pressure build up not intent to buy in more.

Why not release the tech, get the relations formed and allow the FIM guys or recent investors who want out do so.

Get on Poloniex and allow market forces to do its thing. If we drop 50% then i will invest more again.

After 6 months or so when it is a cleaned out market and tech is running then the IPO.

Where will the IPO money come from if it was not interested in the ICO?

The guys in the ICO will invest again or lessen leverage as the FIM guys now have their change to take good profit.

Is Dennis still the only Dev on the team?

Look what is happening to Nxt and Ador due to few devs and stagnant news.

[DaddyH]

Correct me if i am wrong but why would you run an IPO directly after an ICO?

Should you not release the HEAT and get a customer loyalty property first.

The ICO under performed and so why do you think 1.5 Million is now interested in Joining in?

Kim Dot Com only got a Million and he is a big name with past tech success behind him.

I do not see why you would do another funding round after you just exhausted the last one.

Unless you release the platform and it is super impressive way over and above the latest ICO

Zcash, Komodo and others...

Why not decrease your Cypto exchange rate risk and hire some devs?

Delays are never acceptable as they break trust of the issued schedule.

I think there is now selling pressure build up not intent to buy in more.

Why not release the tech, get the relations formed and allow the FIM guys or recent investors who want out do so.

Get on Poloniex and allow market forces to do its thing. If we drop 50% then i will invest more again.

After 6 months or so when it is a cleaned out market and tech is running then the IPO.

Where will the IPO money come from if it was not interested in the ICO?

The guys in the ICO will invest again or lessen leverage as the FIM guys now have their change to take good profit.

Is Dennis still the only Dev on the team?

Look what is happening to Nxt and Ador due to few devs and stagnant news.

I agree with all this. Momentum has been lost in this project and confidence dented.

[Thefrolly]

Well, the ipo was announced before the ico started, i wonder why you didn't say anything before the ico than if you think it's a bad idea

[Loco Motive]

The IPO idea is not bad per se since they will be actually selling equity but i think it's imperative we see a good chunk of the promised tech before that.
I mean, the opening post is full of wonderfull stuff but... is one month really enough?

[JUSTDLISK]

the 2nd funding round November - February in which we seek up to 1.5 Million EUR additional capital.

Interesting news.

Seriously........

how about you get the tech out, prove it works flawlessly and gain a userbase THEN raise the funds.

Synereo raised $130,000 in their first ICO. They went away, developed some tech, raised some awareness and a year later raised 5 million dollars.

You have enough at the moment to get this project up to certain milestones & see the landscape at that point.

I suggest you do that first instead of immediately doing another cash grab.

[retardsystem]

Yup, dev, please listen to the community, it's very precious to have the community on your side. Currently it seems you are being consumed by greed and/or lack of serious planning.

1. Finish the tech.
2. Get agreements with Bittrex (once again, I have given you step by step instruction how to get listed)
3. Release the main net and get listed on Bittrex on the same day.
4. Spend some ICO money on PR. Get the momentum you need.
5. THEN start second round of funding.

Don't let the mistakes destroy the project that has such promising tech!

You still trust them? I give it up, my fimk never listed on decent exchanges, after they get the money, they ignored us, pathetic.

[Eliphaz Fimk]

There seems to be a misunderstanding regarding the company plans, which have been open all the way since the announcement of the ICO.

Correct me if i am wrong but why would you run an IPO directly after an ICO?

Yes you're wrong. ICO was finished in early August, tech is released next, then after that we run 2nd funding round primarily for non-crypto capital as planned and divulged since the beginning.

Should you not release the HEAT and get a customer loyalty property first.

That's exactly what we're doing.

The ICO under performed and so why do you think 1.5 Million is now interested in Joining in?

ICO performed according to our expectation and target, signing up 66% of the reserved maximum. Maximum is not the same as target.

1.5 Million is the maximum reserver for share emission. It won't be fulfilled to the max, because a significant part will utilize their options to purchase shares at half price. The main share emission is directed to completely different audience, except for the part which HEAT option holders (received for free from owning HEAT tokens) who can purchase for half price.

I do not see why you would do another funding round after you just exhausted the last one.

2nd funding round is happening approx. 6 months after the first one, after tech is out, and directed to a different audience (traditional investors in black suits).

Also we've promised that HEAT crypto investors will receive options for Heat Ledger Ltd shares, which we're delivering and making applicable for the 2nd funding round.

The options will be available for trading on the decentralized HEAT exchange, like will the company shares. This is an essential part of deployment and marketing of the HEAT platform itself.

Where will the IPO money come from if it was not interested in the ICO?

From all the investors who don't know what an ICO means. 99.99% of world's investment capital is there.

Everything is going according to plan:

1. ICO
2. ICO tokens redemption (ongoing now)
3. Mainnet & Platform release
4. Options claiming process through HEAT token ownership
5. Options trading
6. Options redemption for company shares
7. Second funding round for non-crypto audience (around Feb 2017)

[Eliphaz Fimk]

Bittrex and Poloniex were discussed earlier in this thread. They declined from listing HEAT tokens when contacted prior to finalization to the ICO, which is understandable. It's not a question of listing fee.

Exchanges will be contacted again when the HEAT mainnet is released.

Unlike most coins, the HEAT public blockchain is just one part of Heat Ledger Ltd's business. We concentrate in steering the business in whole, not just a limited part which in the crypto audience's eyes often is focused on listing on crypto exchanges. We have several partnership projects going, for which our company is the window and gateway to the whole crypto world, to which we are the channel bringing exposure to primarily through the HEAT token. This is a different mode of operation as compared to the usual stuff seen in the altcoin scene.

Failed expectations after the first round is issue.

Which expectations have been failed in your opinion?

ICO funds from 1st round are being used to hire key personnel right now, and other marketing when relevant.

[Eliphaz Fimk]

Two new events have been booked to the HEAT representation calendar

Fintech Finland Meetup seminar Oct 25
https://www.eventbrite.com/e/finlandfintech-meetup-2510-taltio-tickets-28305887672
I'm giving a speech about USE OF BLOCKCHAIN TECHNOLOGY IN CULTURE AND FINANCE SECTOR

Future Digital Finance Forum Oct 28th
http://www.hub13.fi/project/future-digital-finance-forum/
HEAT participates in Startup Club, which is presenting the most interesting startups and confluence them with seminar guests.

[Loco Motive]

Will it be possible to buy options with BTC?
Will HEAT pay dividends to the share holders?