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boomboom
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August 26, 2016, 03:50:21 AM |
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Will all BTC / Waves invested in the crowdsale remained locked until the crowdsale is complete?
In other words, what is the potential for the devs to simply buy in themselves with the bitcoin/waves they receive as part of the crowdsale to artificially inflate the invested amount and to dilute the tokens given to proper investors.
No, we will begin using crowdsale funds for development purposes. We are currently working on adding NFL. You can't wait until September 15th to start using the funds? Here's the concern: 200,000 MVP tokens to be distributed. Let's assume there is 100 btc deposited. I decide to deposit 100 btc as well. No one else deposits. So at the end of crowdsale I would get 100/200 or 50% of the distributed MVP tokens. However, on the last day of the crowdsale, you take the 200 btc that is already deposited, and deposit it again. So now it looks like 400 btc is deposited, even though really you only raised 200. So now instead of getting 50% of the MVP tokens I am diluted down to 25%. That is my problem and why crowdsale tokens should be locked up until the end of the crowdsale. There's still the potential of you self-investing with your own btc/waves but there isn't anything to really prevent or verify that doesn't happen. I agreed with this post. anyway to proof that these fund will not be re-invest in again ?? afaik there's no way to stop this happening, all the shenanigans can happen off-chain if ICO devs borrow bitcoins knowing the amount they've already collected, so seeing all the ico funds in an address doesn't prove anything. at the end of the day you trust the devs either don't do it, or only do it a 'little' bit, and they're still focused on making the most $$ from a legit project |
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MoveCrypto
Sr. Member
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Activity: 364
Merit: 250
move that crypto
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August 26, 2016, 11:39:29 AM |
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very cool concept, surprised no one has done this yet
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PondSea
Legendary
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Activity: 1428
Merit: 1000
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August 26, 2016, 12:25:00 PM |
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Let's get this thing funded!!
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roncar
Sr. Member
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Activity: 434
Merit: 250
ALAX Pilipinas - Community Manager / PH Translator
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August 26, 2016, 01:02:03 PM |
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Hello dev.. if ever you need Filipino translation after ICO pls reserve.. thanks
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houseo
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August 26, 2016, 03:27:05 PM |
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Yes, the MVP Tokens will entitle holders to dividends from MVPLINEUP profit, and the tokens issued represent 20%. Additionally, MVP TOKENS will be tradeable on MVPLINEUP and on the WAVES platform when it is ready.
will they be tradable on other exchanges like poloniex? |
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Azeh
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August 26, 2016, 03:49:18 PM |
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Yes, the MVP Tokens will entitle holders to dividends from MVPLINEUP profit, and the tokens issued represent 20%. Additionally, MVP TOKENS will be tradeable on MVPLINEUP and on the WAVES platform when it is ready.
will they be tradable on other exchanges like poloniex? Good question. This is something I can't guarantee as it would depend on the MVP Waves asset being listed on Poloniex. That being said, NXT assets are on Polo (MMNXT and UNITY) and my understanding as that the Waves asset exchange will be similar. So in short, I don't know for certain, but it is likely a possibility. |
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Mallyx
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August 27, 2016, 08:45:10 AM |
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Total supplies: 200,000
Dev(s) dedicated premine: none (the dev. team won't keep any coins) Since 20% profits going to token holders, doesn't that mean devs essentially keeping 80%? Yes, it's profit sharing. but that's profit from mvplineup.com site correct? Yes, the MVP Tokens will entitle holders to dividends from MVPLINEUP profit, and the tokens issued represent 20%. Additionally, MVP TOKENS will be tradeable on MVPLINEUP and on the WAVES platform when it is ready. So the final amount of token is 200k, right ? Can you confirm please |
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allwelder
Legendary
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Activity: 1512
Merit: 1004
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August 27, 2016, 10:50:39 AM |
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Interesting project.  Crypto with Fancy sports. |
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mmm01
Legendary
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Activity: 973
Merit: 1053
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August 27, 2016, 01:11:13 PM |
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will keep an eye on this
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BTC Community
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August 27, 2016, 01:41:05 PM |
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does there any relastionship with this project. |
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roncar
Sr. Member
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Activity: 434
Merit: 250
ALAX Pilipinas - Community Manager / PH Translator
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August 27, 2016, 02:09:08 PM |
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Hello dev.. if ever you need Filipino translation after ICO pls reserve.. thanks
Hi Roncar, yes that is a good possibility. The Philippines has a strong NBA following for what I've looked into. NBA daily Fantasy maybe large to get into there as well. Thanks for posting. Yes that is true, anyway is the OP already complete? pls pm me when could I start translation.. thanks  |
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sweet bird
Newbie
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Activity: 28
Merit: 0
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August 27, 2016, 02:52:21 PM |
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good luck team.. but there are some problem for further developement, see on that point
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Karbovme
Newbie
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August 28, 2016, 02:03:44 PM |
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Wasda
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August 28, 2016, 03:34:32 PM |
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code looks fine, as long as the file live in that source directory |
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PM.coins
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August 28, 2016, 03:39:45 PM |
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code looks fine, as long as the file live in that source directory Are you sure, i am testing on Blogspot banner code not working  |
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Azeh
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August 28, 2016, 04:16:20 PM |
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code looks fine, as long as the file live in that source directory Are you sure, i am testing on Blogspot banner code not working @PM.coins:Thanks for letting us know. m19, our front end dev is on holiday until Sept 1st, but I'll let him know and he'll look into when it gets a chance |
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PondSea
Legendary
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Activity: 1428
Merit: 1000
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August 30, 2016, 08:17:26 AM |
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Lets get this thing funded!!
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