[ANN] [EON] EXSCUDO - ICO successfully finished!

[Ris88]

There's been a tally on the exscudo account and it looks good on this day ...

[geocurt]

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.

[Taylorw]

Get my stakes for twitter, Thanks

[elegant_joylin]

Join Twitter and FB.

[animalroam]

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?

[ruletheworld]

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.

[rkp13]

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.

[geocurt]

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.

[moonchaser]

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?

[moonchaser]

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?

[moonchaser]

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]

[kamiyama]

Uppercase letters are hard to read
I am happy that it is an ordinary size

[moonchaser]

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.

[moonchaser]

Ok. It s fixed.

Uppercase letters are hard to read
I am happy that it is an ordinary size

[moonchaser]

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

[addicto]

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.

[coinmenace]

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.

[moonchaser]

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.

[hannusolo]

Guys, here is the devopment plan from exscudo.com main page. You could have easily looked for the goals of ICO:

https://exscudo.com/Development_Plan.pdf

1000 BTC is minumum, 30144 is maximum.

[moonchaser]

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.