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Author Topic: [ANN][BOS] 🔹🔹 BOScoin 🔹🔹 Self-Evolving Cryptocurrency Platform🔹🔹  (Read 227543 times)
mynhpark
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May 02, 2017, 03:19:25 AM
 #761

Decrease sig bounty during the campaign? You fucking shady Koreans!

How? I remember it was $6,110 total since start. Where did you see decrease?

BitcoinTalk Signature & Avatar Campaign (Bounty Pool = 200,000BOS, i.e. approx US$6,110)

Sorry for the confusion,
As we had fewer applicants than expected.

Which is why we decreased the overall bounty cap,
and increased the bounty allocation per participant.

So you'll actually be getting more BOScoin
for the same amount of work.


=====

A more detailed explanation is below:

[INITIAL SIGNATURE/AVATAR BOUNTY CAMPAIGN]

Initial signature/avatar campaign was targeted at 600 applicants.
 - 100 Hero/Legendary;
 - 250 Senior/Full;
 - 150 Member;
 - 100 Jr Members.

Stakes were being allocated with the split:
 - 10 Hero/Legendary;
 - 7.5 Senior/Full;
 - 5 Member;
 - 2.5 Jr Members.

In accordance a uniform allocation, the following of the total bounty would be allocated:
 - 40% Hero/Legendary;
 - 30% Senior/Full;
 - 20% Member;
 - 10% Jr Members.

Following this, the below BOS would be received per applicant for the total duration of the ICO (at the time of bounty advertisement):
 - 2064.516BOS (≈US$53.36) Hero/Legendary;
 - 1548.387 (≈US$40.02) Senior/Full;
 - 1032.258 (≈US$26.68) Member;
 - 516.129(≈US$13.34) Jr Members.

=====

[UPDATE 01 SIGNATURE/AVATAR BOUNTY CAMPAIGN]
Allocation update:
 - Reduced applicant target by 33.33%:
   - 33.33 Hero/Legendary;
   - 83.33 Senior/Full;
   - 50 Member;
   - 33.33 Jr. Member.

Allocation by a weekly BOS token offering (independent of applicants):
   - 400BOS (≈US$12.22/wk) Hero/Legendary;
   - 350BOS (≈US$10.69/wk)Senior/Full;
   - 250BOS (≈US$7.64/wk)Member;
   - 150BOS Jr. Member.

Following this, the below BOS would be received per applicant for the total duration of the ICO (at the time of bounty advertisement):
 - 4800BOS (≈US$146.64) Hero/Legendary;
 - 4200 (≈US$128.31) Senior/Full;
 - 3000 (≈US$91.65) Member;
 - 2400 (≈US$73.32) Jr Members.

Summary
Applicants are modelled to receive more BOS.

=====

[UPDATE 02 SIGNATURE/AVATAR BOUNTY CAMPAIGN]
Only change to Bounty Campaign Cap only (reduction to 25%) - but applicants receive the same amount of BOS.

Summary
 - Reduced cap for ICO Dashboard Subscription campaign;
 - Current applicants unaffected;
 - Only affects a cap on future applicants, however bounty is still available for current applicant growth rate;
 - Availability to allocate more bounty to reward additional applicants, but would need further analysis.

=====

[UPDATE LOG]
- Initial signature campaign was targeted at 600 applicants; the current signature campaign is targeted at 200 application.
 - Update 01 reduced the target and changes the bounty allocation method, but applicants would receive more BOS (if the model was still met)
- Update 02 (latest update and current campaign) only reduced the total cap, but not the bounty on offer per applicant. This only affects the number of future applications, but we may be able to allocate more bounty to reward additional applicants.



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1714032271
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Reply with quote  #2

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amintek15
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May 02, 2017, 05:23:06 AM
 #762

Hmm nice hype on this project I will look at it. I hope I will be able to dump some other coins to invest here
thepo1m
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May 02, 2017, 05:30:55 AM
 #763

Decrease sig bounty during the campaign? You fucking shady Koreans!

How? I remember it was $6,110 total since start. Where did you see decrease?

BitcoinTalk Signature & Avatar Campaign (Bounty Pool = 200,000BOS, i.e. approx US$6,110)

Sorry for the confusion,
As we had fewer applicants than expected.

Which is why we decreased the overall bounty cap,
and increased the bounty allocation per participant.

So you'll actually be getting more BOScoin
for the same amount of work.


=====

A more detailed explanation is below:

[INITIAL SIGNATURE/AVATAR BOUNTY CAMPAIGN]

Initial signature/avatar campaign was targeted at 600 applicants.
 - 100 Hero/Legendary;
 - 250 Senior/Full;
 - 150 Member;
 - 100 Jr Members.

Stakes were being allocated with the split:
 - 10 Hero/Legendary;
 - 7.5 Senior/Full;
 - 5 Member;
 - 2.5 Jr Members.

In accordance a uniform allocation, the following of the total bounty would be allocated:
 - 40% Hero/Legendary;
 - 30% Senior/Full;
 - 20% Member;
 - 10% Jr Members.

Following this, the below BOS would be received per applicant for the total duration of the ICO (at the time of bounty advertisement):
 - 2064.516BOS (≈US$53.36) Hero/Legendary;
 - 1548.387 (≈US$40.02) Senior/Full;
 - 1032.258 (≈US$26.68) Member;
 - 516.129(≈US$13.34) Jr Members.

=====

[UPDATE 01 SIGNATURE/AVATAR BOUNTY CAMPAIGN]
Allocation update:
 - Reduced applicant target by 33.33%:
   - 33.33 Hero/Legendary;
   - 83.33 Senior/Full;
   - 50 Member;
   - 33.33 Jr. Member.

Allocation by a weekly BOS token offering (independent of applicants):
   - 400BOS (≈US$12.22/wk) Hero/Legendary;
   - 350BOS (≈US$10.69/wk)Senior/Full;
   - 250BOS (≈US$7.64/wk)Member;
   - 150BOS Jr. Member.

Following this, the below BOS would be received per applicant for the total duration of the ICO (at the time of bounty advertisement):
 - 4800BOS (≈US$146.64) Hero/Legendary;
 - 4200 (≈US$128.31) Senior/Full;
 - 3000 (≈US$91.65) Member;
 - 2400 (≈US$73.32) Jr Members.

Summary
Applicants are modelled to receive more BOS.

=====

[UPDATE 02 SIGNATURE/AVATAR BOUNTY CAMPAIGN]
Only change to Bounty Campaign Cap only (reduction to 25%) - but applicants receive the same amount of BOS.

Summary
 - Reduced cap for ICO Dashboard Subscription campaign;
 - Current applicants unaffected;
 - Only affects a cap on future applicants, however bounty is still available for current applicant growth rate;
 - Availability to allocate more bounty to reward additional applicants, but would need further analysis.

=====

[UPDATE LOG]
- Initial signature campaign was targeted at 600 applicants; the current signature campaign is targeted at 200 application.
 - Update 01 reduced the target and changes the bounty allocation method, but applicants would receive more BOS (if the model was still met)
- Update 02 (latest update and current campaign) only reduced the total cap, but not the bounty on offer per applicant. This only affects the number of future applications, but we may be able to allocate more bounty to reward additional applicants.


Why is BOScoin team changing the goal post when it suit them, I don't even understand the bounty program initially that's why I decided not to join initially and even the social bounties
BlockchainOS (OP)
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May 02, 2017, 06:15:26 AM
 #764

If you have any more questions
Feel free to ask us any questions on the Slack room
https://slack-boscoin.herokuapp.com

▂▃▅▆█   BOScoin.io   █▆▅▃▂

● Self-Evolving Cryptocurrency Platform                 ● JOIN ICO NOW !
BlockchainOS (OP)
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May 02, 2017, 06:44:33 AM
 #765

BOScoin Demo Day - LIVE
https://www.youtube.com/watch?v=8HbAvuaAcBs

▂▃▅▆█   BOScoin.io   █▆▅▃▂

● Self-Evolving Cryptocurrency Platform                 ● JOIN ICO NOW !
Dean_Jue
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May 02, 2017, 09:21:35 AM
 #766

Does BOS already pre-ico?


During the Pre-Sale ICO BOScoin was exchanged for 1 BTC = 47,000 BOS

But the BOS team said they never do pre-ico before.
Now i'm confused.

Please only refer to official BOScoin Slack rooms
https://slack-boscoin.herokuapp.com

OK, already join the slack room.
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May 02, 2017, 11:28:01 AM
 #767

OK, already join the slack room.

LOL, good luck with that. You are lucky if they answer you. They only reply to some mysterious participants, they ignore most of the crowd. I don't think this project can have a successful ICO when they clearly don't give a damn about their potential investors. I stopped waching this project.

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May 02, 2017, 12:28:03 PM
 #768

I'm out too - I believe in Boscoin but the ICO doesn't make financial sense especially since it is getting more expensive by the day.

If you want a successful ICO I would strongly recommend reducing the price since the Boscoin price is fixed and BTC keeps going up.
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May 02, 2017, 12:59:17 PM
 #769

I'm out too - I believe in Boscoin but the ICO doesn't make financial sense especially since it is getting more expensive by the day.

If you want a successful ICO I would strongly recommend reducing the price since the Boscoin price is fixed and BTC keeps going up.

Following Boscoin. Sounds very interesting and joined bounty campaigns.

I think price should be reconsidered as BTC price is going crazy right now.

However, if my maths is correct... website says a total of 276,093,688.786 coins will be distributed....

276,093,688.786 / 40,000 = 6902.34221965 BTC

6902.34221965 x $1,500 (rough btc price) = 10353513.329475

So a $10.3 mil valuation? Doesn't sound too crazy for an ICO project like this.
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May 02, 2017, 11:54:42 PM
 #770

Made a calculation of approximate market share on $1000 USD investment, considering 500 million circulating coins (which will happen fairly quickly after the ICO) and the present BTC price. The market share gained from this investment is less than 0.0002%. A horrendous figure by all standards. I generally refuse to participate in ICO's that will not give me a 0.001% market share or better on an ICO.

I believe in the project, but it's so overpriced it's incredible. I will not invest in this ICO unless I'd get approximately 150000 boscoin for a $1000. I will rather wait for it's release on an exchange and then get my acceptable entry price. Because I'm sure that will happen. It will dump first thing.
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May 03, 2017, 01:01:27 AM
 #771

Made a calculation of approximate market share on $1000 USD investment, considering 500 million circulating coins (which will happen fairly quickly after the ICO) and the present BTC price. The market share gained from this investment is less than 0.0002%. A horrendous figure by all standards. I generally refuse to participate in ICO's that will not give me a 0.001% market share or better on an ICO.

I believe in the project, but it's so overpriced it's incredible. I will not invest in this ICO unless I'd get approximately 150000 boscoin for a $1000. I will rather wait for it's release on an exchange and then get my acceptable entry price. Because I'm sure that will happen. It will dump first thing.

If we follow your calculation, we can't make development budget. It means that even if you participate this project, your 150000 boscoin for a $1000 would be zero in the end. This is not good for all.

▂▃▅▆█   BOScoin.io   █▆▅▃▂

● Self-Evolving Cryptocurrency Platform                 ● JOIN ICO NOW !
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May 03, 2017, 01:11:40 AM
 #772

I'm out too - I believe in Boscoin but the ICO doesn't make financial sense especially since it is getting more expensive by the day.

If you want a successful ICO I would strongly recommend reducing the price since the Boscoin price is fixed and BTC keeps going up.

I agree that, but we don't know what will happen tomorrow. There was a huge fight of Segwit and BU only a month ago.
If we change the ratio with the Bitcoin fructuation, we can down the ratio 40,000: 1 to 30,000 :1 for example, if Bitcoin price is down ?
I think we can't. So is the opposite.



▂▃▅▆█   BOScoin.io   █▆▅▃▂

● Self-Evolving Cryptocurrency Platform                 ● JOIN ICO NOW !
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May 03, 2017, 01:15:41 AM
 #773

i apply for the signature before a week .but i can not find in the sheet.

 
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May 03, 2017, 01:17:40 AM
 #774

OK, already join the slack room.

LOL, good luck with that. You are lucky if they answer you. They only reply to some mysterious participants, they ignore most of the crowd. I don't think this project can have a successful ICO when they clearly don't give a damn about their potential investors. I stopped waching this project.

Sorry, we are trying to answer for every post but sometimes we missed when we are too busy. Sorry again.

▂▃▅▆█   BOScoin.io   █▆▅▃▂

● Self-Evolving Cryptocurrency Platform                 ● JOIN ICO NOW !
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May 03, 2017, 01:18:30 AM
 #775

i apply for the signature before a week .but i can not find in the sheet.

Signature is updated every Friday. Wait moment please.

▂▃▅▆█   BOScoin.io   █▆▅▃▂

● Self-Evolving Cryptocurrency Platform                 ● JOIN ICO NOW !
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May 03, 2017, 01:26:29 AM
 #776

I'm out too - I believe in Boscoin but the ICO doesn't make financial sense especially since it is getting more expensive by the day.

If you want a successful ICO I would strongly recommend reducing the price since the Boscoin price is fixed and BTC keeps going up.

We also reviewed the issue but there is no other way. Because there are many people who participated pre-ICO with fixed ration, first 50,000:1, second 45000:1 total. This ICO we decided 40:000:1 and announced that already several months before. If we change the ratio now, there will be another dispute. I think this is the problem that every ICO projects are in trouble with this issue. 

We think we can't change the ratio now. Sorry.

▂▃▅▆█   BOScoin.io   █▆▅▃▂

● Self-Evolving Cryptocurrency Platform                 ● JOIN ICO NOW !
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May 03, 2017, 01:36:13 AM
 #777

I'm out too - I believe in Boscoin but the ICO doesn't make financial sense especially since it is getting more expensive by the day.

If you want a successful ICO I would strongly recommend reducing the price since the Boscoin price is fixed and BTC keeps going up.

We also reviewed the issue but there is no other way. Because there are many people who participated pre-ICO with fixed ration, first 50,000:1, second 45000:1 total. This ICO we decided 40:000:1 and announced that already several months before. If we change the ratio now, there will be another dispute. I think this is the problem that every ICO projects are in trouble with this issue. 

We think we can't change the ratio now. Sorry.

A lot of projects pin their price to USD and it removes the issue to a great extent.
torjusg
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May 03, 2017, 01:39:00 AM
 #778

Made a calculation of approximate market share on $1000 USD investment, considering 500 million circulating coins (which will happen fairly quickly after the ICO) and the present BTC price. The market share gained from this investment is less than 0.0002%. A horrendous figure by all standards. I generally refuse to participate in ICO's that will not give me a 0.001% market share or better on an ICO.

I believe in the project, but it's so overpriced it's incredible. I will not invest in this ICO unless I'd get approximately 150000 boscoin for a $1000. I will rather wait for it's release on an exchange and then get my acceptable entry price. Because I'm sure that will happen. It will dump first thing.

If we follow your calculation, we can't make development budget. It means that even if you participate this project, your 150000 boscoin for a $1000 would be zero in the end. This is not good for all.

I see what you mean, but your development budget does not dictate what the market is willing to pay for. If you provide too expensive coins during the ICO, you may not get enough investors to raise the kind of capital you want to. A low ICO price is supposed to be a reward for being early into something. A reward for that they show you the trust during a risky startup.
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May 03, 2017, 01:43:19 AM
 #779

I'm out too - I believe in Boscoin but the ICO doesn't make financial sense especially since it is getting more expensive by the day.

If you want a successful ICO I would strongly recommend reducing the price since the Boscoin price is fixed and BTC keeps going up.

Sorry. If we first decided to peg boscoin to USD we can, but we announced the ration based on BTC at first.

It is not easy for us to change the first announced policy.

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May 03, 2017, 01:51:14 AM
 #780

I'm out too - I believe in Boscoin but the ICO doesn't make financial sense especially since it is getting more expensive by the day.

If you want a successful ICO I would strongly recommend reducing the price since the Boscoin price is fixed and BTC keeps going up.

Sorry. If we first decided to peg boscoin to USD we can, but we announced the ration based on BTC at first.

It is not easy for us to change the first announced policy.

It is relatively easy. What you can do is to look back at what the bitcoin price was during the pre-ICO, then calculate the number of coins issued based on USD and then make a calculation so the ICO provides 10% less coins now per USD.
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