Ris88
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April 29, 2017, 06:46:01 PM |
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There's been a tally on the exscudo account and it looks good on this day ...
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geocurt
Newbie
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Activity: 55
Merit: 0
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April 29, 2017, 08:44:21 PM |
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For all of you cheerleading, stop and think for a minute and do a little math. If you like the project fine, if you think the ICO is going well, you are objectively wrong. - If ALL tokens do not sell, then it means each and everyone of us overpaid and could have bought the tokens for less on the open market
- In four days they have not yet sold 1000 BTC - that's less than 250 BTC a day, and you can expect interest to drop as the ICO goes on
- They were looking for approximately 30k BTC - at the current pace they will sell approximately 10k BTC worth of tokens
- This means, factually, objectively we paid too much for our share of the tokens
- The market cap of the project with 10k BTC sold is about $21,500,000 (Crowdsale = 62.8% of total shares, BTC is worth about $1350 - $1350 * 10k BTC = $13,500,000 which is $62% of $21,500,000
- 240 million tokens worth a total of $21,500,000 or 10k BTC puts each token at a number too low for my calculator to work with: 4.166666666666667e-5 otherwise known as .0000416 or 20% of what we are paying for a token
- But wait! I got a share of the unpurchased tokens! Yes - interestingly you get a 50% share of the unsold tokens EVEN THOUGH YOU ALREADY ONLY CAN PURCHASE 62% IN THE CROWD SALE. So you are getting 50% of 62%. If I'm correct and they sell 10k BTC worth that means we 'get to have' 50% of the remaining 20k BTC worth of tokens, or 10k BTC. If you contributed 1 BTC you'll get another 1 BTC worth of tokens. Now your tokens are worth 40% of what you paid for them.
If you like the project, fine. If you think it will be a big success, fine. If you believe the ICO is going well and you were smart to contribute, YOU ARE OBJECTIVELY WRONG. The demand does NOT meet the supply, and that's basic economics. So please, put a lid on the ICO cheerleading. Sell crazy someplace else - we're all stocked up here.
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Taylorw
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April 30, 2017, 12:26:03 AM |
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Get my stakes for twitter, Thanks
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animalroam
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Activity: 1073
Merit: 1000
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April 30, 2017, 02:09:11 AM |
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What if the 30k BTC target is not reached (high likelihood)? Are there alternative plans for Exscudo if only 2k BTC is raised by the time the ICO ends?
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ruletheworld
Legendary
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Activity: 1386
Merit: 1045
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April 30, 2017, 03:32:52 AM |
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What if the 30k BTC target is not reached (high likelihood)? Are there alternative plans for Exscudo if only 2k BTC is raised by the time the ICO ends?
Would be nice to get an official answer on this. The person a few posts above raised concerns around this as well. It's always a risk when projects price their tokens in fixed rate, without a burn plan in place.
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rkp13
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April 30, 2017, 04:58:24 AM |
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What if the 30k BTC target is not reached (high likelihood)? Are there alternative plans for Exscudo if only 2k BTC is raised by the time the ICO ends?
With current Pace its hard to believe the project will even get 10K BTC. Investors are less likely to buy later because there is incentive to buy it earlier.
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geocurt
Newbie
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Activity: 55
Merit: 0
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April 30, 2017, 05:02:07 AM |
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What if the 30k BTC target is not reached (high likelihood)? Are there alternative plans for Exscudo if only 2k BTC is raised by the time the ICO ends?
Would be nice to get an official answer on this. The person a few posts above raised concerns around this as well. It's always a risk when projects price their tokens in fixed rate, without a burn plan in place. Read the prospectus. Or my post above. The remaining share are split in half with half going to people who bought in the ICO and the other half going to a charity or something.
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moonchaser
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April 30, 2017, 06:31:13 AM |
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Guys...no ofence...but do you read the documentation, the prospectus before asking a question? It is al written in there. What if the 30k BTC target is not reached (high likelihood)? Are there alternative plans for Exscudo if only 2k BTC is raised by the time the ICO ends?
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moonchaser
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April 30, 2017, 06:36:46 AM Last edit: April 30, 2017, 06:50:22 AM by moonchaser |
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In the event that not all of the coins allocated for Crowdsale are sold during the Campaign, 50% of the remaining unsold EON will be distributed among the Crowdsale participants, in shares equal to possession of the tokens at the time of the Crowdsale's end. The shares of the Exscudo team, the supervisory board, the share of technical tokens fund, the Bounty campaign reward, and the reward of advisors and testers will not participate in the distribution of the unsold portion of the EON. 50% of unsold EON will form a non-profit organisation Exscudo Foundation.[/size] What if the 30k BTC target is not reached (high likelihood)? Are there alternative plans for Exscudo if only 2k BTC is raised by the time the ICO ends?
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moonchaser
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April 30, 2017, 06:41:57 AM |
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3. EON FOR CROWDSALE (i) The total number of the EON is two hundred forty million (240,000,000) in total, (ii) The number of the EON for Crowdsale is one hundred fifty million seven hundred twenty thousand (150,720,000) in total, which represents the maximum number of EON available for crowdsale during the Campaign. (iii) Each Purchaser shall be entitled to purchase any number of EON out of the EON for Crowdsale (rounded to the eighth decimal place), subject to the remaining number of the EON for Crowdsale that has not been sold by then. (iv) The EON for Crowdsale will be offered for sale at static price set forth in Section 4 below and will be delivered in accordance with Chapter III. (v) The Exscudo OU is not obliged or committed to sell all of the EON for Crowdsale during the Campaign. The remaining EON for Crowdsale that are not yet purchased by the close of the Payment Window, if any, 50% of the remaining unsold EON will be distributed among the Crowdsale participants (Purchasers), in shares equal to possession of the tokens at the time of the close of the Payment Window. The shares of the Exscudo team, the supervisory board, the share of technical tokens fund, the Bounty campaign reward, and the reward of advisors and testers will not participate in the distribution of the unsold portion of the EON. The remaining 50% of unsold EON will be retained by the Exscudo OU for forming a non-profit organisation Exscudo Foundation.[/size]
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kamiyama
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April 30, 2017, 06:45:25 AM |
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Uppercase letters are hard to read I am happy that it is an ordinary size
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moonchaser
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April 30, 2017, 06:48:51 AM |
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And this clarifies how the non profit organisation works 50% of unsold EON will form a non-profit organisation Exscudo Foundation. 6. USE OF EON OF THE EXSCUDO FOUNDATION The EON allocated to the non-profit organisation Exscudo Foundation, will be primarily used for: (i) scientific research and development of the EON Blockchain Platform; (ii) scientific research and development of the Exscudo security systems. (iii) legal, compliance expenses that may be incurred from time to time to keep the Exscudo and EON running in a lawful and commercially sound manner; (iv) academic researches, educational and training materials for developers and contributions and bounties to the open-source community of the Exscudo. 7. CONTROL OF THE EXSCUDO FOUNDATION Management of the Exscudo Foundation will be carried out by the supervisory board formed from well-known representatives of the industry and head of management of Exscudo.
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moonchaser
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April 30, 2017, 06:50:59 AM |
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Ok. It s fixed. Uppercase letters are hard to read I am happy that it is an ordinary size
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moonchaser
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April 30, 2017, 07:32:47 AM |
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And the way it is spread: Percentage & Quantity Uses 62,8% (i.e., one hundred fifty million seven hundred twenty thousand (150,720,000) EON) (the “EON for Crowdsale”) To be sold during the Campaign 1% (i.e., two million four hundred thousand (2,400,000) EON) Bounty reward during the Campaign 1% (i.e., two million four hundred thousand (2,400,000) EON) Advisers and Ambassadors reward 0,2% (i.e., four hundred eighty thousand (480,000) EON) Bug-bounty and testing reward for Community 20% (i.e., forty eight million (48,000,000) EON) Technical tokens fund uses: 1. For testing and implementing of colored coins and cross-blockchain integration; 2. For the stabilization of the network; 3. For the launch of new products and services within the EON blockchain. 12% (i.e., twenty eight million eight hundred thousand (28,800,000) EON) To be distributed to the founders and development team of the Exscudo as their rewards 3% (i.e., seven million two hundred thousand (7,200,000) EON) Supervisory board reward
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addicto
Legendary
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Activity: 1526
Merit: 1012
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April 30, 2017, 07:43:29 AM |
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They raised over 1 million $ in pre-sale round at fixed rate of 20k satoshi plus bonus to give early birds some incentive. The trend shows that when the crowdsale will be kicked off it will achieve its all targets. That total number is not very high to think they can create some trouble.
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coinmenace
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April 30, 2017, 07:45:55 AM |
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In the event that not all of the coins allocated for Crowdsale are sold during the Campaign, 50% of the remaining unsold EON will be distributed among the Crowdsale participants, in shares equal to possession of the tokens at the time of the Crowdsale's end. The shares of the Exscudo team, the supervisory board, the share of technical tokens fund, the Bounty campaign reward, and the reward of advisors and testers will not participate in the distribution of the unsold portion of the EON. 50% of unsold EON will form a non-profit organisation Exscudo Foundation.[/size] What if the 30k BTC target is not reached (high likelihood)? Are there alternative plans for Exscudo if only 2k BTC is raised by the time the ICO ends?
They'd be lucky if they raise 3K worth BTC. 30K is too much of a goal. No offense but it is overvalued at that.
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moonchaser
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April 30, 2017, 08:53:48 AM |
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I agree. Then...50% from the unsold coins will go back to the investors. I think their minimum target was 1 Mil $. In the event that not all of the coins allocated for Crowdsale are sold during the Campaign, 50% of the remaining unsold EON will be distributed among the Crowdsale participants, in shares equal to possession of the tokens at the time of the Crowdsale's end. The shares of the Exscudo team, the supervisory board, the share of technical tokens fund, the Bounty campaign reward, and the reward of advisors and testers will not participate in the distribution of the unsold portion of the EON. 50% of unsold EON will form a non-profit organisation Exscudo Foundation.[/size] What if the 30k BTC target is not reached (high likelihood)? Are there alternative plans for Exscudo if only 2k BTC is raised by the time the ICO ends?
They'd be lucky if they raise 3K worth BTC. 30K is too much of a goal. No offense but it is overvalued at that.
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moonchaser
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April 30, 2017, 09:08:32 AM |
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My concern is, and I m addressing this to the Dev. If only 2k worth of btc will be sold, then only about 70-80 Mil Eons will be in the hands of the crowds. And that includes the spread among investors of the 50% from the unsold coins. That s 3 times less than the total number of Eons which is 240 mil.
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