[ANN] EQUIBIT (EQB) 📈 A P2P Decentralized Securities Platform 📈

[adhitthana]

Based on the performance of other recent blockchain project launches EDC management has estimated the
total market capitalization of the Equibit Platform could reach into the hundreds of millions of US Dollars within the first
year of operations.

It's very unprofessional and irresponsible to make this sort of statement.
How precisely did you make this estimation?
 It seems way too optimistic.

Accordingly, EQB shall be sold during the pre-sale at the following price points:

Tranche	EQB Offered	Cumulative EQB	Price (USD)
1	100,000	100,000	$2.00
2	100,000	200,000	$2.50
3	100,000	300,000	$3.13
4	100,000	400,000	$3.91
5	100,000	500,000	$4.89
6	100,000	600,000	$6.11
7	100,000	700,000	$7.64
8	100,000	800,000	$9.55
9	100,000	900,000	$11.94
10	100,000	1,000,000	$14.93

So if they are right and there is 3.6 M coins (after one year), it will have to have a market cap of $7.2M just to break even if one buys in the forst tranche.

If you buy in the last tranche it will have to have a market cap over $50M just to break even.

After one year there would be approximately 3,628,000 EQB in existence

What people need to know is the total number of coins absolutely, not just after one year.

[adhitthana]

Saw this thread in the Iconomi thread  Same as Iconomi?

No, it does not look like it. This appears to be an attempt to have a share settlement and registration system.
Securities exchanges are more likely to explore this on their own as the ASX is doing IMHO.

http://www.smh.com.au/business/markets/asx-working-on-industrial-strength-blockchain-platform-20160927-grp9gu.html

[Jorgeminator]

Based on the performance of other recent blockchain project launches EDC management has estimated the
total market capitalization of the Equibit Platform could reach into the hundreds of millions of US Dollars within the first
year of operations.

It's very unprofessional and irresponsible to make this sort of statement.
How precisely did you make this estimation?
 It seems way too optimistic.

Accordingly, EQB shall be sold during the pre-sale at the following price points:

Tranche	EQB Offered	Cumulative EQB	Price (USD)
1	100,000	100,000	$2.00
2	100,000	200,000	$2.50
3	100,000	300,000	$3.13
4	100,000	400,000	$3.91
5	100,000	500,000	$4.89
6	100,000	600,000	$6.11
7	100,000	700,000	$7.64
8	100,000	800,000	$9.55
9	100,000	900,000	$11.94
10	100,000	1,000,000	$14.93

So if they are right and there is 3.6 M coins (after one year), it will have to have a market cap of $7.2M just to break even if one buys in the forst tranche.

If you buy in the last tranche it will have to have a market cap over $50M just to break even.

After one year there would be approximately 3,628,000 EQB in existence

What people need to know is the total number of coins absolutely, not just after one year.

If Litecoin has a market cap of $180 million, with no real advantages compared to Bitcoin, who are you to say that Equibit won't reach a market cap of hundreds of millions with its unique use-case?
The total number of tokens when they have all been mined will be 22,000,000 (22 million), 1 million tokens created for the ICO and 21 million tokens mined. If you had read the ICO's Terms and Conditions properly you would have seen this:

The mining process will create fifty
(50) EQB per block with the amount halving every 210,000 blocks. The initial sale is directly related only to the first
process. Any unsold EQB from the initial block shall remain in the control of EDC and to be used at the discretion of
EDC management.

Does that look familiar to you, eh? Same reward halving scheme as Bitcoin.

[vivinamie]

I saw the first round of public offering in 2015, nearly 2 years of time what the team doing? Why is there not have any  code on GitHub? How to protect investors to prove that this project is not a scam?

[houseo]

Are people able to place limit orders for the ICO?

eg. only purchase if it is Tranche 1?

It would be rather unfortunate to send a transaction immediately after launch only to find out that 300,000 already sold and now it's Tranche 4 and you are buying at 2 times the price you thought you were getting.

[DimiZb]

Higher tier price is too expensive, I doubt some people will buy those more expensive tokens, IMO people will give up buying expensive prices, unless they buy the cheapest ones.

[houseo]

Higher tier price is too expensive, I doubt some people will buy those more expensive tokens, IMO people will give up buying expensive prices, unless they buy the cheapest ones.

My fear is they won't know. Ie. they will send 1 bitcoin on crowdsale launch expecting to be getting in at the $2 price, only to find out 7 tranches have been bought in 1 big order and now they are paying $9.55 per EQB instead of $2.

[houseo]

Higher tier price is too expensive, I doubt some people will buy those more expensive tokens, IMO people will give up buying expensive prices, unless they buy the cheapest ones.

If all tranches are bought, total price paid = $6,660,000

Price for tranches 1-7 = $3,018,000
Price for tranches 8-10 = $3,642,000

I think a lot of funny stuff can happen if buyers are unable to make tranche limit orders.

[Boobies00]

Saw this thread in the Iconomi thread  Same as Iconomi?

No, it does not look like it. This appears to be an attempt to have a share settlement and registration system.
Securities exchanges are more likely to explore this on their own as the ASX is doing IMHO.

http://www.smh.com.au/business/markets/asx-working-on-industrial-strength-blockchain-platform-20160927-grp9gu.html

That was my first thought as well. Why would they use a 3rd party system they have no control over.

I'm out of this one. But I will probably buy when it hits exchanges.

[Jorgeminator]

Higher tier price is too expensive, I doubt some people will buy those more expensive tokens, IMO people will give up buying expensive prices, unless they buy the cheapest ones.

My fear is they won't know. Ie. they will send 1 bitcoin on crowdsale launch expecting to be getting in at the $2 price, only to find out 7 tranches have been bought in 1 big order and now they are paying $9.55 per EQB instead of $2.

I wonder why so many people worry about the ICO. Remember that you are dealing with highly educated and seasoned individuals. These guys are not the average 15-year-old altcoin kids that struggle with remembering the difference between bits and bytes. You will likely not be able to send BTC without knowing what you are paying for.

[Equibit]

Are people able to place limit orders for the ICO?

eg. only purchase if it is Tranche 1?

It would be rather unfortunate to send a transaction immediately after launch only to find out that 300,000 already sold and now it's Tranche 4 and you are buying at 2 times the price you thought you were getting.

My fear is they won't know. Ie. they will send 1 bitcoin on crowdsale launch expecting to be getting in at the $2 price, only to find out 7 tranches have been bought in 1 big order and now they are paying $9.55 per EQB instead of $2.

If all tranches are bought, total price paid = $6,660,000

Price for tranches 1-7 = $3,018,000
Price for tranches 8-10 = $3,642,000

I think a lot of funny stuff can happen if buyers are unable to make tranche limit orders.

The way it'll work is:

1 - Users enter the # of EQB they want to buy and hit 'Buy'

2 - Our ICO site calculates the final price for orders when users confirm their order.

3 - If there's enough EQB left then the system will hold that amount of EQB for 2 minutes while a user pays.

4 - If they don't pay in the allotted time, they lose their position.

What happens if competing orders come in at roughly the same time that takes from the top tranche?

It's first come first served, whoever gets their order in first has the opportunity to buy, unless they time out. When the server gives the final price, the order is reserved.
Also if users time out too many times the system will ban them from placing any more orders.

So lets say that only part of an order can be filled at the cheaper tranche will they get only that amount or have to re order the whole order?

The server will price across tranches. For example:

Let's say a user orders 1,000 EQB, but only 200 are left in the current tranche, they will pay the lower price for 200, and the higher price for the remaining 800.
And the site calculates the final price when the user confirms their order so he/she is aware. If the user isn’t happy, don’t pay for the order until it expires.

[Equibit]

Saw this thread in the Iconomi thread  Same as Iconomi?

No, it does not look like it. This appears to be an attempt to have a share settlement and registration system.
Securities exchanges are more likely to explore this on their own as the ASX is doing IMHO.

http://www.smh.com.au/business/markets/asx-working-on-industrial-strength-blockchain-platform-20160927-grp9gu.html

That was my first thought as well. Why would they use a 3rd party system they have no control over.

I'm out of this one. But I will probably buy when it hits exchanges.

We have no relation with ASX, we are not using third parties.

[sanchicharro]

It seems that my question gets lost so I'll try for a third time: what is the roadmap of the project? when will be the coins distributed so they can be traded at exchanges?

[adhitthana]

If Litecoin has a market cap of $180 million, with no real advantages compared to Bitcoin, who are you to say that Equibit won't reach a market cap of hundreds of millions with its unique use-case?
The total number of tokens when they have all been mined will be 22,000,000 (22 million), 1 million tokens created for the ICO and 21 million tokens mined. If you had read the ICO's Terms and Conditions properly you would have seen this:

The mining process will create fifty
(50) EQB per block with the amount halving every 210,000 blocks. The initial sale is directly related only to the first
process. Any unsold EQB from the initial block shall remain in the control of EDC and to be used at the discretion of
EDC management.

Does that look familiar to you, eh? Same reward halving scheme as Bitcoin.

Yes..it doesn't sound very good. They should be putting that sort of information out clearly in the OP.

Wehave seen what happens recently when promoters of a new coin adopt bitcoins emission curve and don't make it clear. This happened with Zcash and Zcoin.
Both of which fell dramatically.

If they made this clear they people would not be keen at all. It's way way way too expensive

[adhitthana]

Saw this thread in the Iconomi thread   Same as Iconomi?

No, it does not look like it. This appears to be an attempt to have a share settlement and registration system.
Securities exchanges are more likely to explore this on their own as the ASX is doing IMHO.

http://www.smh.com.au/business/markets/asx-working-on-industrial-strength-blockchain-platform-20160927-grp9gu.html

That was my first thought as well. Why would they use a 3rd party system they have no control over.

I'm out of this one. But I will probably buy when it hits exchanges.

We have no relation with ASX, we are not using third parties.

No you would be a third party.

The point was ...who would use your system??

[powerfull]

Saw this thread in the Iconomi thread   Same as Iconomi?

No, it does not look like it. This appears to be an attempt to have a share settlement and registration system.
Securities exchanges are more likely to explore this on their own as the ASX is doing IMHO.

http://www.smh.com.au/business/markets/asx-working-on-industrial-strength-blockchain-platform-20160927-grp9gu.html

That was my first thought as well. Why would they use a 3rd party system they have no control over.

I'm out of this one. But I will probably buy when it hits exchanges.

We have no relation with ASX, we are not using third parties.

No you would be a third party.

The point was ...who would use your system??

actually the point is who trust this project , team should discuss the technology but not money  money money ..

[Equibit]

We will be hosting a Reddit AMA on January 25th at 10AM PST / 1PM EST: link to AMA: https://www.reddit.com/r/AMA/comments/5q4hl0/were_equibit_and_weve_built_a_blockchain_to/

Please join us with your questions, we look to address many of the points brought up here.
Reddit link will be posted here as well as on our Facebook and Twitter 10 minutes before the AMA start

[cointrader83]

Will be here any bounties ?

[szafa]

What is your opinion about this coin in world crypto?

[Equibit]

Saw this thread in the Iconomi thread   Same as Iconomi?

No, it does not look like it. This appears to be an attempt to have a share settlement and registration system.
Securities exchanges are more likely to explore this on their own as the ASX is doing IMHO.

http://www.smh.com.au/business/markets/asx-working-on-industrial-strength-blockchain-platform-20160927-grp9gu.html

That was my first thought as well. Why would they use a 3rd party system they have no control over.

I'm out of this one. But I will probably buy when it hits exchanges.

We have no relation with ASX, we are not using third parties.

No you would be a third party.

The point was ...who would use your system??

actually the point is who trust this project , team should discuss the technology but not money  money money ..

Companies would issue their own stock over the Equibit blockchain and would have control over the structure and dividend schedule of their own stock.

We would not be a third party as we are NOT between transactions. Moreover we do not hold signed EQB for any issuing companies unlike clearing agents or depository trusts.

We simply make it possible for companies who wish to release their equity on a decentralized blockchain to be able to do so.

As we have already received an initial investment, we've put a lot of emphasis on our development roadmap and making sure we achieve these milestones.