techbytes (OP)
Legendary
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Activity: 1694
Merit: 1054
Point. Click. Blockchain
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November 15, 2016, 03:01:26 PM |
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Just as predicted...the hefty LSK bonus made more damage than good after post day 1 merely 150 BTC worth of funds were raised....why would anyone participate now knowing others have bought so cheaply?
Well... I could participate even with that small LSK bonus at the moment, but my LSK are locked at poloniex and bittrex. Their wallets just don't work. This has been a chronic problem for transactions sent from an exchange where they have been frequently delayed for days at a time. The best practice for sending Lisk is to buy well in advance of the bonus deadline, download the desktop wallet from http://desktop.lisk-wallet.com/ , create a Lisk account, withdraw the Lisk from the exchange to the account in the wallet, and then send the Lisk directly to the address given by the Ark TEC site. Since this wallet was created by the lead developer on Ark and funded by the GDT group from Lisk, from which the Ark Crew came from, this wallet is also an opportunity to see a preview of what you can expect from what you are buying - it is an example of fine craftsmanship, and why I felt confident in joining this project. This method has worked flawlessly 100% of the time.In general, this is the best practice to use in any token sale, even for Bitcoin purchases - both to be sure to meet deadlines and to facilitate resolution of any problems which might come up with a transaction. Ark has recommended this prior to and during the campaign. Exchanges see very high volumes during token sales and their performance can be unpredictable. It can be even easier than that...just use the Web wallet to create your wallet in advance at : https://lisk.io/It might be easier for participating in ARK-TEC but remember that ARK will not have an official web wallet so it is a good idea to get a feel for using the desktop client. We don't want to experience the same nightmare Lisk did on main net launch. -tb-
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"Bitcoin: mining our own business since 2009" -- Pieter Wuille
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bitseedmike
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November 15, 2016, 03:03:16 PM |
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Just as predicted...the hefty LSK bonus made more damage than good after post day 1 merely 150 BTC worth of funds were raised....why would anyone participate now knowing others have bought so cheaply?
The problem with you reasoning (while holds some truth) is that you assume that our highest aim is 2000 BTC while it is not, it's the lowest. So if we get 20% more funds then that is true, those who sent in the last 20% will get much less. But the thing is, as events progress, interviews and promotions line up, last minute investors get ready, much more funds should be incoming, and the early bonuses will be just that early bird rewards, meaning little overall. They haven't read our profile at the prestigious Smith and Crown read or heard other interviews, AMAs and other info to come. They haven't seen the source code released, the testnet launched, the beginnings of a community form around a more fair DPoS delegate system. This TEC is far from over, thinks always go slow after the initial rush, and you are right, our heavy early bonus structure enlarged that effect. It's all about risk tolerance as Mike said. Those who take more risk, having their money tied up longer, will get more as they should. Many view these bonus structures as a marketing tool to build hype, but they are actually a way to reward those who take a higher risk with a higher distribution.
Those who exchange early are taking on higher risk from reasons like ale has mentioned. The early adopters face the most uncertainty regarding if the project will launch, how much value the token they exchanged might lose over a longer period of time, and how much of the distribution they will receive.
Those who prefer less risk by waiting until the end of the exchange benefit from much better knowledge of these factors, and receive a correspondingly reduced reward.
Also, the volatility of Lisk is much higher than that of Bitcoin, presenting even a higher degree of risk. This significantly higher risk for those exchanging Lisk for Ark is reflected in the higher bonus it receives, and the steeper curve by which the bonus is reduced.
Overall, the bonus structure is designed to accommodate a full spectrum of risk tolerance.
As an initial investor myself I hope your'e right altohough I am doubtful Campaigns typically have either a bathtub curve or a hockey stick if they are lucky, with smaller spikes at the end of each bonus period. A good rule of thumb for the minimum amount raised is twice what is raised during the first week of a month long campaign. We are in that middle period after the initial burst from the higher risk group - those who really believe in the project from the start along with those joining for the bonus - and at the end, when the lowest risk group has gained as much information as is available about the project, the likely distribution, and the public's reaction to it, and then joins. There is also the group which makes an initial exchange to collect the bonus and have a stake, then adds an additional amount at the end based on their evaluation of the probability of the project's success and maybe to meet a target for a percentage of the total distribution. Our job as a team is to continue to work during this critical intermediate period with reduced visible results to show the community that this project is worth their continued attention and time, and that this project and its community is attractive to that last group of financially savvy individuals.
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JuruMD
Newbie
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Activity: 26
Merit: 0
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November 15, 2016, 05:03:45 PM |
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Anyone think this will match up with Stratis? This project is definitely going to be hot IMO
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JuruMD
Newbie
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Activity: 26
Merit: 0
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November 15, 2016, 07:29:43 PM |
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Joining the Ark sig campaign.
Im a newbie can I still joint the sig campaign?
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Capoboss
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November 15, 2016, 08:26:59 PM |
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Stratis is one of the few, hope ark will be as succesfull as them.
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malekbaba
Legendary
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Activity: 1526
Merit: 1026
SellDefi.com | Earn by selling files
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November 15, 2016, 08:41:31 PM |
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can any body tell me what %% of total BTC / USD will be used as sig campaign ? ARK will accumulate fund from ICO and after that a certain percentage will be paid as sig campaign, am I right ?
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cannabanana
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November 15, 2016, 08:43:08 PM |
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can any body tell me what %% of total BTC / USD will be used as sig campaign ? ARK will accumulate fund from ICO and after that a certain percentage will be paid as sig campaign, am I right ?
No, you only receive ARK four bounty not Bitcoin. Joining the Ark sig campaign.
Im a newbie can I still joint the sig campaign? Sorry buddy, you have to get your account upgraded to member activity first.
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neolinkhati
Legendary
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Activity: 980
Merit: 1000
Premium
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November 15, 2016, 09:04:39 PM |
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ok.
Let's bet. Interesting project.
Bonus on Lisk is still valid right? Thanks!
Signature added.
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cannabanana
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November 15, 2016, 09:05:17 PM |
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ok.
Let's bet. Interesting project.
Bonus on Lisk is still valid right? Thanks!
Signature added.
yes still valid at 40%
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neolinkhati
Legendary
Offline
Activity: 980
Merit: 1000
Premium
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November 15, 2016, 09:07:03 PM |
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ok.
Let's bet. Interesting project.
Bonus on Lisk is still valid right? Thanks!
Signature added.
yes still valid at 40% Thank you cannabanana
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techbytes (OP)
Legendary
Offline
Activity: 1694
Merit: 1054
Point. Click. Blockchain
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November 15, 2016, 09:10:26 PM |
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ok.
Let's bet. Interesting project.
Bonus on Lisk is still valid right? Thanks!
Signature added.
If you are sending Lisk to ARK-TEC, best to do it from web wallet ( https://login.lisk.io) or desktop wallet ( http://desktop.lisk-wallet.com). Lisk Desktop wallet was developed by ARK lead dev. -tb-
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sxafir
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November 15, 2016, 09:13:20 PM |
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What is percentage to signature bounty?
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Jerry S
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November 15, 2016, 09:42:07 PM |
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joining the blog bounty to spread the news please upvote goo.gl/8Trt69 the btt username insertion to the spreadsheet is manual? or am i doing it wrong?
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Nik4691
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November 15, 2016, 10:15:12 PM |
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Good news... Poloniex withdrawals working now. I sent 1 LSK to a random (legal) address and it went through after some time. Then i sent an amount to the ARK TOKEN EXCHANGE site and went through almost instantly.
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ParmaBTC
Legendary
Offline
Activity: 1218
Merit: 1002
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November 15, 2016, 11:33:39 PM |
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Less then 2,5h before the 70% btc bonus ends
Im curious to see what will happen to LISK price. 1st day of ICO was 32/33K sat, this week was 26/27K sat. I expect to see it at the price of a week ago 22k sat I think lisk Just get dumped cause btc get pumped. It seems i guess the prevision Lisk price is going down, actually 24k sat. What if price go under 10k ? supposing average price will be 14k sat, that means 120% bonus will be less than 30% btc bonus?
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cannabanana
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November 15, 2016, 11:36:54 PM |
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Less then 2,5h before the 70% btc bonus ends
Im curious to see what will happen to LISK price. 1st day of ICO was 32/33K sat, this week was 26/27K sat. I expect to see it at the price of a week ago 22k sat I think lisk Just get dumped cause btc get pumped. It seems i guess the prevision Lisk price is going down, actually 24k sat. What if price go under 10k ? supposing average price will be 14k sat, that means 120% bonus will be less than 30% btc bonus? Basically if Lisk price drops to 10k and we can't raise enough bitcoin to get to 2000k BTC then we'll refund all participants as we'll only be at the 1000 BTC mark with the current amount of exchanges. If early participants actually want to have a good bonus, they will also need to help us gain more participants in the upcoming weeks.
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ttookk
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November 15, 2016, 11:55:39 PM |
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Maybe someone will pump Lisk just before the ICO ends to get the funds collected over the 2000 mark and prevent a dump. If the amount collected stays where it is now, 33k would suffice
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