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

[Equibit]

Our Token Sale is chugging along. We just moved to tranche #3!

[open82buy]

Our Token Sale is chugging along. We just moved to tranche #3!

Congrats! ICO is moving, slowly but surely.

Also I hope there will be some videos with Chris at Anarchapulco! 

Tranche 3       I agree a presentation video with Chris will do wonders for marketing. 

[johncassa]

Our Token Sale is chugging along. We just moved to tranche #3!

Good job. Keep it up.

[easycoins]

Nice project, very interested in the mining aspect and I see in the roadmap you guys will be developing your own ASICs.
That means first that it doesn't use Bitcoin's algo and that you expect mining to start slowly seen ASICs will be ready next year sometime.
I wonder if this will be initially mineable with CPUs or does it need GPUs straight from the start?
Also congrats with the sale so far, price looks steep however I did contribute a little bit... Very little bit. 

[Equibit]

Thank you for the support! Every little helps!

We have released our roadmap and will share more details about all the various aspects of our project, including the mining, in due course.
We can confirm the mining algorithm is different from bitcoin. More details will come before the network launches.

In the meantime feel free to join our Slack, the team is around for any query you may have.

https://equibit.herokuapp.com

[Equibit]

Check out this Steemit post on Equibit.

https://steemit.com/blockchain/@hilarski/have-you-checked-out-the-equibit-ico

Have You Checked Out the Equibit ICO?

[5thangel]

Saw on Slack the ICO page has been updated, it now shows the total raised, well done it makes it much clearer (nearly 600K USD).

Looks better  Still lots of people holding their btc waiting for ATH     maybe later we get some more REAL investors 

[Equibit]

We are featured on Forbes today, with a great read you can check to learn more about Equibit 

https://www.forbes.com/sites/rogeraitken/2017/02/25/canadian-edcs-blockchain-crowdfund-scores-0-5m-in-equibits-cryptocurrency-sales/#2d1b2fb05afd

Canadian EDC's Blockchain Crowdfund Scores $0.5m In Equibits Cryptocurrency Sales

[johncassa]

We are featured on Forbes today, with a great read you can check to learn more about Equibit 

https://www.forbes.com/sites/rogeraitken/2017/02/25/canadian-edcs-blockchain-crowdfund-scores-0-5m-in-equibits-cryptocurrency-sales/#2d1b2fb05afd

Canadian EDC's Blockchain Crowdfund Scores $0.5m In Equibits Cryptocurrency Sales

EQUIBIT is becoming a very attractive investment. Congratulations.

[Equibit]

And we made it on Bankless Times too!

Equibit Development Corporation coin offering tops $500,000

http://www.banklesstimes.com/2017/02/25/equibit-development-corporation-coin-offering-tops-500000

[Equibit]

EDC Sells Over $500K of Equibits

TORONTO, Ontario — Equibit Development Corporation, creator of the Equibit blockchain and blockchain applications for the global securities industry, is pleased to announce the sale of more than $500,000 of equibits since the Feb. 1 launch of the coin offering.

"We continue to see steady interest in equibits, with many repeat buyers,” said Chris Horlacher, EDC’s chief executive officer. “The results have been very encouraging and we've received many positive emails about EDC and our products."

EDC has sold a total of 201,075 equibits. The company has offered to sell one million equibits, which is a new digital asset, out of a total of 22 million equibits potentially available. The sale runs to March 31 and is being held on a special sale page at EDC’s website.

Purchased equibits will be delivered to user accounts at EDC’s web-wallet service. EDC will retain any unsold equibits, as according to the sale’s terms and conditions.

The offering started with an initial batch of 100,000 equibits priced at $2 per coin. The crowdsale will adhere to a predetermined schedule, with the price for equibits to increase with each subsequent batch.

All equibits sold in the coin offering will be created in the EDC platform’s genesis block, constituting the inception of the system’s operation.

Proceeds from the crowdsale will be used to expand EDC’s team of developers, accelerate product development, support and expand the network of equibit supporters, install enterprise infrastructure such as supernodes, and market Equibit blockchain applications.

For information on participation in the sale, please see the EDC website at equibit.org.

About Equibit Development Corporation
Equibit is the world's first peer-to-peer equity marketplace and a complete platform for issuers to manage their investor relations without need of depositories and transfer agents. Founded by a former securities industry chief financial officer and a team of blockchain development experts, EDC was established with the aim of revolutionizing the securities industry.

[VintageBazaar]

The only thing i see as a problem


"EDC will retain any unsold equibits, as according to the sale’s terms and conditions."

Lets say only 400k sold

That means 600k free for the foundation.

Eg. 60℅ pre mine.

Or am i wrong, becuase the way the ico prices steep up high each level, it is like they wanted to sell as little as possible.

[Wilhelmer]

Hi everyone! Not sure if you heard about it yet but the Equibit team will be having an AMA session at Cryptocopia.

Wednesday, 1st March, 9am PST ( It's starting in 20minutes time!)

Here's the invite link to Cryptocopia slack: https://cryptocopia.herokuapp.com/   
Once you are there, look out for the #ama channel. Be sure to get your questions ready and we'll see you guys there!

[johncassa]

The only thing i see as a problem


"EDC will retain any unsold equibits, as according to the sale’s terms and conditions."

Lets say only 400k sold

That means 600k free for the foundation.

Eg. 60℅ pre mine.

Or am i wrong, becuase the way the ico prices steep up high each level, it is like they wanted to sell as little as possible.

A hypothetical 60% pre mines is very high. Usually the pre mines is at most 10%.
I think for this hypothetical problem the Dev must find a solution.

[johncassa]

The only thing i see as a problem


"EDC will retain any unsold equibits, as according to the sale’s terms and conditions."

Lets say only 400k sold

That means 600k free for the foundation.

Eg. 60℅ pre mine.

Or am i wrong, becuase the way the ico prices steep up high each level, it is like they wanted to sell as little as possible.

A hypothetical 60% pre mines is very high. Usually the pre mines is at most 10%.
I think for this hypothetical problem the Dev must find a solution.

Not a 60% premine if you consider all the coins that will ever exist: 22 million, it's more around 10% if 600k EQB is what they keep.
And yet it is a "maybe" as the sale is not finished, a month to go still.

I believe that many projects do keep some coins for themselves for marketing, development, legal expenses, etc.
So not such a big deal in my view.

The total coins for ICO is 1 million and 600K is 60% of total ICO

This means to be able to manipulate the market

[Equibit]

Webinar on Blockchain Technology: From Hype to Reality Slot II

With Chris Horlacher of Equibit by Let's Talk Payments.

https://youtu.be/FvVmOyKXOJ8

[DonApp]

The only thing i see as a problem


"EDC will retain any unsold equibits, as according to the sale’s terms and conditions."

Lets say only 400k sold

That means 600k free for the foundation.

Eg. 60℅ pre mine.

Or am i wrong, becuase the way the ico prices steep up high each level, it is like they wanted to sell as little as possible.

A hypothetical 60% pre mines is very high. Usually the pre mines is at most 10%.
I think for this hypothetical problem the Dev must find a solution.

If you are worried about the 600k premine; what about the other 21 milion coins that will be produced during mining? I am still wondering what the inflation rate will be. Look at Zcash and how that masssively declined in price due to inflation... Cant find any detailed info on the mining specs of equibits, so definately a no-go for me atm

[Equibit]

The only thing i see as a problem


"EDC will retain any unsold equibits, as according to the sale’s terms and conditions."

Lets say only 400k sold

That means 600k free for the foundation.

Eg. 60℅ pre mine.

Or am i wrong, becuase the way the ico prices steep up high each level, it is like they wanted to sell as little as possible.

A hypothetical 60% pre mines is very high. Usually the pre mines is at most 10%.
I think for this hypothetical problem the Dev must find a solution.

If you are worried about the 600k premine; what about the other 21 milion coins that will be produced during mining? I am still wondering what the inflation rate will be. Look at Zcash and how that masssively declined in price due to inflation... Cant find any detailed info on the mining specs of equibits, so definately a no-go for me atm

The mining schedule is the same as Bitcoin, the mining algorithm is not the same, we will release more details as we get closer to launching the network.
We also expect to develop dedicated ASIC miners as per our roadmap, we want to release accurate info only at the right time.
  
Zcash has a different use case than Equibit, we decided to use a number that worked for EQBs in the long term for the specific use they have as a blank security
form that is also used for fees and access to the network. They can be blank, registered, as well as be returned to blank once registered.

We understand you guys are curious about our network and we appreciate the interest very much.
We also appreciate the support received so far, we are happy on how things are going, work on our end is progressing.

Our CEO, Chris Hoarlacher, returned from the Anarchapulco conference which was a very good event for Equibit in terms of synergies and exposure.

Our token sale is ongoing and the team is hard at work on the development and business side, getting the right parties interested in Equibit.
Stay tuned for more.

[DonApp]

The only thing i see as a problem


"EDC will retain any unsold equibits, as according to the sale’s terms and conditions."

Lets say only 400k sold

That means 600k free for the foundation.

Eg. 60℅ pre mine.

Or am i wrong, becuase the way the ico prices steep up high each level, it is like they wanted to sell as little as possible.

A hypothetical 60% pre mines is very high. Usually the pre mines is at most 10%.
I think for this hypothetical problem the Dev must find a solution.

If you are worried about the 600k premine; what about the other 21 milion coins that will be produced during mining? I am still wondering what the inflation rate will be. Look at Zcash and how that masssively declined in price due to inflation... Cant find any detailed info on the mining specs of equibits, so definately a no-go for me atm

The mining schedule is the same as Bitcoin, the mining algorithm is not the same, we will release more details as we get closer to launching the network.
We also expect to develop dedicated ASIC miners as per our roadmap, we want to release accurate info only at the right time.
  
Zcash has a different use case than Equibit, we decided to use a number that worked for EQBs in the long term for the specific use they have as a blank security
form that is also used for fees and access to the network. They can be blank, registered, as well as be returned to blank once registered.

We understand you guys are curious about our network and we appreciate the interest very much.
We also appreciate the support received so far, we are happy on how things are going, work on our end is progressing.

Our CEO, Chris Hoarlacher, returned from the Anarchapulco conference which was a very good event for Equibit in terms of synergies and exposure.

Our token sale is ongoing and the team is hard at work on the development and business side, getting the right parties interested in Equibit.
Stay tuned for more.

So to be clear; first years the total amount of coins mined will be 2.6 million per year like for bitcoin? Let me calculate; say 400k will be sold, this gives 3 million coins after the first year. Thats an inflation rate of 750 %, ugh... Price will decline quickly then. I'll skip this one...

[johncassa]

The only thing i see as a problem


"EDC will retain any unsold equibits, as according to the sale’s terms and conditions."

Lets say only 400k sold

That means 600k free for the foundation.

Eg. 60℅ pre mine.

Or am i wrong, becuase the way the ico prices steep up high each level, it is like they wanted to sell as little as possible.

A hypothetical 60% pre mines is very high. Usually the pre mines is at most 10%.
I think for this hypothetical problem the Dev must find a solution.

If you are worried about the 600k premine; what about the other 21 milion coins that will be produced during mining? I am still wondering what the inflation rate will be. Look at Zcash and how that masssively declined in price due to inflation... Cant find any detailed info on the mining specs of equibits, so definately a no-go for me atm

The mining schedule is the same as Bitcoin, the mining algorithm is not the same, we will release more details as we get closer to launching the network.
We also expect to develop dedicated ASIC miners as per our roadmap, we want to release accurate info only at the right time.
  
Zcash has a different use case than Equibit, we decided to use a number that worked for EQBs in the long term for the specific use they have as a blank security
form that is also used for fees and access to the network. They can be blank, registered, as well as be returned to blank once registered.

We understand you guys are curious about our network and we appreciate the interest very much.
We also appreciate the support received so far, we are happy on how things are going, work on our end is progressing.

Our CEO, Chris Hoarlacher, returned from the Anarchapulco conference which was a very good event for Equibit in terms of synergies and exposure.

Our token sale is ongoing and the team is hard at work on the development and business side, getting the right parties interested in Equibit.
Stay tuned for more.

So to be clear; first years the total amount of coins mined will be 2.6 million per year like for bitcoin? Let me calculate; say 400k will be sold, this gives 3 million coins after the first year. Thats an inflation rate of 750 %, ugh... Price will decline quickly then. I'll skip this one...

Yes, I think the Dev should intervene and change something otherwise the ICO purchases stop.
I think this is the reason why the ICO sales go up very slowly.