frozenking
Sr. Member
 Offline
Activity: 686
Merit: 250
The first solution in the World for cardiovascular
|
 |
December 13, 2016, 06:39:57 AM |
|
im too supporting ark, of course my investments wasnt so big to make a difference, but anyway, waiting for some good news about development and exchanges. merry christmas  |
|
|
|
|
|
|
|
|
|
|
The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
|
BitBanksy
|
|
December 13, 2016, 06:41:20 AM |
|
don't fucking kid yourself. We can see right through you and your crappy FUD. You should hurry back to Max so you can get some brownie points. Bye.
All the best to you too & good bye! |
|
|
|
|
|
cannabanana
|
|
December 13, 2016, 07:02:43 AM |
|
Update on the refund option and Ark distribution
There will be a one week period after TEC is closed during which TEC participants may choose whether to receive a refund or leave the funds on deposit in the TEC to receive a distribution of Ark tokens. This period will start immediately after the modifications are made to the TEC site which will include the refund option. The refunds will be issued at the end of the refund period and the final distribution of Ark is determined with the bonuses applied, based on the minimum target of 2K BTC being met exactly. The difference between the 2K target and the actual amount raised after refunds are complete will be treated as a deposit of that amount of BTC with no bonus applied, and its resulting distribution held by Ark for future crowdfunds, development and participation in the ARK project, and possibly employee compensation at an exchange rate no lower than the highest exchange rate made by anyone during the TEC. At mainnet launch, the distribution of Ark tokens will be made as originally planned, no later than 1 February 2017. Bounties will also be distributed after mainnet launches. Further instructions and details will be posted when the TEC site is ready.
now back to important and relevant news. |
|
|
|
|
|
cannabanana
|
|
December 13, 2016, 07:06:03 AM |
|
when is main net will be out ?
Our official date is 1 February, but this is a conservative date and things are looking good for an earlier release possibly in January. |
|
|
|
|
|
skrtel37
|
|
December 13, 2016, 07:25:36 AM |
|
Update on the refund option and Ark distribution
There will be a one week period after TEC is closed during which TEC participants may choose whether to receive a refund or leave the funds on deposit in the TEC to receive a distribution of Ark tokens. This period will start immediately after the modifications are made to the TEC site which will include the refund option. The refunds will be issued at the end of the refund period and the final distribution of Ark is determined with the bonuses applied, based on the minimum target of 2K BTC being met exactly. The difference between the 2K target and the actual amount raised after refunds are complete will be treated as a deposit of that amount of BTC with no bonus applied, and its resulting distribution held by Ark for future crowdfunds, development and participation in the ARK project, and possibly employee compensation at an exchange rate no lower than the highest exchange rate made by anyone during the TEC. At mainnet launch, the distribution of Ark tokens will be made as originally planned, no later than 1 February 2017. Bounties will also be distributed after mainnet launches. Further instructions and details will be posted when the TEC site is ready.
now back to important and relevant news. That's the way to handle the situation, well done |
|
|
|
|
|
skrtel37
|
|
December 13, 2016, 07:29:17 AM |
|
Is the Signature bounty campaign over? Can people now changed their signatures?
|
|
|
|
|
|
doktor1897
|
|
December 13, 2016, 07:40:50 AM |
|
will continue to follow this project to the end
|
|
|
|
|
Ris88
|
|
December 13, 2016, 08:07:28 AM |
|
When is the exact time will be given a bounty to all who had participated in the bounty ark ??
|
|
|
|
|
|
BoldNinja
|
|
December 13, 2016, 08:09:11 AM |
|
When is the exact time will be given a bounty to all who had participated in the bounty ark ??
And here we go P.S. for all of those asking when you will get your bounties (cause I have been asked for many times and probably will be many times more ) - bounties cannot be paid before main net launch so you will get them the same time as main net launches as all other will get their tokens at that time. |
|
|
|
|
bitseedmike
|
|
December 13, 2016, 08:15:46 AM |
|
will continue to follow this project to the end
Good thing radical life extension technology is pretty close at hand, since Ark is a never-ending story... |
|
|
|
|
bittraffic
|
|
December 13, 2016, 08:17:29 AM |
|
When is the exact time will be given a bounty to all who had participated in the bounty ark ??
And here we go P.S. for all of those asking when you will get your bounties (cause I have been asked for many times and probably will be many times more ) - bounties cannot be paid before main net launch so you will get them the same time as main net launches as all other will get their tokens at that time. Maybe the team has to give aparticular date for the release. I know there are a lot of people will be asking even before you told us it will be distributed after the mainnet, its th exact date that they may be wanting to learn. |
|
|
|
|
cannabanana
|
|
December 13, 2016, 08:50:32 AM |
|
When is the exact time will be given a bounty to all who had participated in the bounty ark ??
And here we go P.S. for all of those asking when you will get your bounties (cause I have been asked for many times and probably will be many times more ) - bounties cannot be paid before main net launch so you will get them the same time as main net launches as all other will get their tokens at that time. Maybe the team has to give aparticular date for the release. I know there are a lot of people will be asking even before you told us it will be distributed after the mainnet, its th exact date that they may be wanting to learn. there is no exact date dude. we can't give it out until there is a coin to give out and we're not Wizards, we can't just predict the future. If you need a date, 1 February. But can be any day before that also. |
|
|
|
|
|
Jerry S
|
|
December 13, 2016, 08:53:46 AM |
|
waiting for the announcement of the video winners, why is the rest of ARK not distributed to TEC participants? it would give an extra reason for them not to ask a refund IMO, just my opinion though
congrats for the team
|
|
|
|
|
|
Vega
|
|
December 13, 2016, 09:07:57 AM |
|
waiting for the announcement of the video winners, why is the rest of ARK not distributed to TEC participants? it would give an extra reason for them not to ask a refund IMO, just my opinion though
congrats for the team
Because distribution requires a main net. However it's not responsible behavior to launch the main net without making sure that the code is ready and stable, the ARK network is functional and usable. We are well on the way. Main net is coming, and while we can't (won't) give exact date for it, it may very well be much sooner than feburary. But this is a decision based on development progress, not PR. |
|
|
|
|
|
cannabanana
|
|
December 13, 2016, 09:09:13 AM |
|
waiting for the announcement of the video winners, why is the rest of ARK not distributed to TEC participants? it would give an extra reason for them not to ask a refund IMO, just my opinion though
congrats for the team
what would you rather have, a few extra coins or the ability for the team to actually get enough funding to do the things that will make the coin go up in value? If we did give everyone a couple extra coins (of which the whale would end up getting the most of anyways), and let's say a year down the road don't have any more funding, are you ok with holding worthless coins when there's no more money to pay the developers that we hire? Or do you want at that time, we hold a second fundraising event that gives us the ability to develop for a few more years? I'd choose #2. |
|
|
|
|
Number 1
Newbie
Offline
Activity: 52
Merit: 0
|
|
December 13, 2016, 10:50:40 AM |
|
waiting for the announcement of the video winners, why is the rest of ARK not distributed to TEC participants? it would give an extra reason for them not to ask a refund IMO, just my opinion though
congrats for the team
what would you rather have, a few extra coins or the ability for the team to actually get enough funding to do the things that will make the coin go up in value? If we did give everyone a couple extra coins (of which the whale would end up getting the most of anyways), and let's say a year down the road don't have any more funding, are you ok with holding worthless coins when there's no more money to pay the developers that we hire? Or do you want at that time, we hold a second fundraising event that gives us the ability to develop for a few more years? I'd choose #2. The team not having enough funding from the ICO is exactly what I'm worried about. At the moment there is no real incentive for existing investors not to take a refund as the plan is for the refunded tokens to go back to the developers. What if a few whales leave, does the house of cards collapse? Is there any way to see the investments to date.... I mean are most of the transfers large ones or have we safety in numbers with a high number of distributed transfers and early adopters? |
|
|
|
|
juanp11
Newbie
Offline
Activity: 48
Merit: 0
|
|
December 13, 2016, 11:24:51 AM |
|
Will you all run a delegate for lisk forging, to help support this project? If so, when will it be up and running, so I can vote for it...?
|
|
|
|
|
|
Vega
|
|
December 13, 2016, 11:42:43 AM |
|
The team not having enough funding from the ICO is exactly what I'm worried about. At the moment there is no real incentive for existing investors not to take a refund as the plan is for the refunded tokens to go back to the developers. What if a few whales leave, does the house of cards collapse? Is there any way to see the investments to date.... I mean are most of the transfers large ones or have we safety in numbers with a high number of distributed transfers and early adopters?
I disagree there are many incentives to stay in. For one Lisk refunds really don't make sense. The avarage median price of the TECs duration is above 0.00022, that is much better than the current lisk price, and that's beside the additional Lisk bonuses. Simply put the ARK most people will get for their Lisk in ARK worth much more than the same amount of lisk currently does on the open market. Even besides that there are other reasons to stay in. It's up to individuals to assess the risk/reward ratio, but this may very well be the cheapest opportunity to buy ARK. I know everyone always says that, but in this case it's more probable than in most others. It's always possible to the price to crash after ARK gets to exchanges, but as it will have a low initial market cap it is much less likely than with other overbought projects. Every project that's price crashed hard after launch had either been a very big ICO success or other reasons contributed, like huge bounties. We were very carful to assign reasonable bonuties, so there will probably be much less effect from the bounty dumping crowed than with other projects. Simply put, a large part of a team is experienced crpyto people with years in the sence and seen and participated in many ICOs, so we made our best effort to don't make mistakes seen in the past. Of course there are always new mistakes to be made, so nothing is guranteed. Again, it will be up to individuals to decide to ask for refund or not. If there are too much refund requests then we must have done something seriously wrong. Because if nothing else from an traders point of view it's worth the moderate risk of leaving funds where they are just so the project can have a succesful start and by that giving them the opportunity to see a new coin hit the exchanges. There are many people and many motivations in crpyto scene, we'll see how things develop. |
|
|
|
|
|
Vega
|
|
December 13, 2016, 11:52:15 AM |
|
Will you all run a delegate for lisk forging, to help support this project? If so, when will it be up and running, so I can vote for it...?
No we are not planning on it. ARK as a project has no intentions of getting involve with Lisk affairs (other then normal partnership between similar projects), and while the ARK team members as individuals are part of the lisk community and many of them delegates, we are not planning to use those funds for ARK. |
|
|
|
|
|
tinaken_v
|
|
December 13, 2016, 12:05:26 PM |
|
So, is it safe to assume that if a lot of people pull out funds, the rest of us will get a higher portion of ARK tokens?
no, all refunds go back to the ARK Crew to be used for additional fund raising in the future. So maybe a increase in signature bounty  for the people that supported this project from week 1? |
|
|
|
|
