[OLD ANN] [DRAC] - Drac, a safe coin for a daily use

[kaduwall2]

We are proud to announce a new partnership between the Renos and Drac development teams.

Renos will be offering 1,000,000 DRAC via thier telegram crowdfunding tool with the following agreed terms:

- For every 4 RNS sent, 1 DRAC will be given.

- Any RNS raised by the crowdfund will enter escrow in which the DRAC team can request withdrawals for development. Withdrawal requests have to be publically announced 24 hours prior to the withdrawal either by DRAC team or Escrow.  This is to inform the community of development actions and prevent potential misuse as the escrow reserves the right to  postphone the withdrawal if there is a strong community backlash against it.

- Renos team will receive 250,000 DRAC to enter the same escrow rules as above. In return they will provide support setting up an ICO for the remaining supply at a later date, Promotion, Announcement page & website.

- If the ICO for the remaining supply occurs in the month (30 days) after the starting date of the Renos crowdfunding campaign, the price must be above the 1:4 swap ratio to ensure that the renos coins sell out first.

- Both teams are encouraged to arrange development expenses in either the Renos or Drac recieved rather than liquidating for bitcoin or other currencies on the market although it is ackonowledged that sometimes this wont be possible. It will be specified in the withdrawal request wether the expense will remain in Renos or Drac or be sold on the market.

Official launch date and instructions on how to take part will follow shortly.

DRAC Bitcointalk page: https://bitcointalk.org/index.php?topic=1806593.0
Renos Bitcointalk page: https://bitcointalk.org/index.php?topic=1809933.0

I think this is bad news
why do Swap with Renoscoin ? The first time you promise coin prices have more than 10k
and is now selling the count like that 
example

4RNS = 1XDRAC ===> 4RNS x 50satoshi = 200satoshi so price 1XDRAC= 200satoshi lol 

Not exactly because there are 30M RNS in circulation and if I'm getting this right, it would only be possible to send 4M to get Drac. Other RNS coins/users would be left out.

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[ivaxmm]

We are proud to announce a new partnership between the Renos and Drac development teams.

Renos will be offering 1,000,000 DRAC via thier telegram crowdfunding tool with the following agreed terms:

- For every 4 RNS sent, 1 DRAC will be given.

- Any RNS raised by the crowdfund will enter escrow in which the DRAC team can request withdrawals for development. Withdrawal requests have to be publically announced 24 hours prior to the withdrawal either by DRAC team or Escrow.  This is to inform the community of development actions and prevent potential misuse as the escrow reserves the right to  postphone the withdrawal if there is a strong community backlash against it.

- Renos team will receive 250,000 DRAC to enter the same escrow rules as above. In return they will provide support setting up an ICO for the remaining supply at a later date, Promotion, Announcement page & website.

- If the ICO for the remaining supply occurs in the month (30 days) after the starting date of the Renos crowdfunding campaign, the price must be above the 1:4 swap ratio to ensure that the renos coins sell out first.

- Both teams are encouraged to arrange development expenses in either the Renos or Drac recieved rather than liquidating for bitcoin or other currencies on the market although it is ackonowledged that sometimes this wont be possible. It will be specified in the withdrawal request wether the expense will remain in Renos or Drac or be sold on the market.

Official launch date and instructions on how to take part will follow shortly.

DRAC Bitcointalk page: https://bitcointalk.org/index.php?topic=1806593.0
Renos Bitcointalk page: https://bitcointalk.org/index.php?topic=1809933.0

I think this is bad news
why do Swap with Renoscoin ? The first time you promise coin prices have more than 10k
and is now selling the count like that 
example

4RNS = 1XDRAC ===> 4RNS x 50satoshi = 200satoshi so price 1XDRAC= 200satoshi lol 

Hey, this is not how it works... xd you can say only that minimum xdrac price will be 200 satoshis or 400 satoshis, as renos price changes from 50 to 100 satshis everyday... but trust me, xdrac price won't be less than 1k satoshis. However, after receiving free xdrac, i think it is not fair to complain about the price xd... you didn't pay anything for them

[andrew2k]

We are proud to announce a new partnership between the Renos and Drac development teams.

Renos will be offering 1,000,000 DRAC via thier telegram crowdfunding tool with the following agreed terms:

- For every 4 RNS sent, 1 DRAC will be given.

- Any RNS raised by the crowdfund will enter escrow in which the DRAC team can request withdrawals for development. Withdrawal requests have to be publically announced 24 hours prior to the withdrawal either by DRAC team or Escrow.  This is to inform the community of development actions and prevent potential misuse as the escrow reserves the right to  postphone the withdrawal if there is a strong community backlash against it.

- Renos team will receive 250,000 DRAC to enter the same escrow rules as above. In return they will provide support setting up an ICO for the remaining supply at a later date, Promotion, Announcement page & website.

- If the ICO for the remaining supply occurs in the month (30 days) after the starting date of the Renos crowdfunding campaign, the price must be above the 1:4 swap ratio to ensure that the renos coins sell out first.

- Both teams are encouraged to arrange development expenses in either the Renos or Drac recieved rather than liquidating for bitcoin or other currencies on the market although it is ackonowledged that sometimes this wont be possible. It will be specified in the withdrawal request wether the expense will remain in Renos or Drac or be sold on the market.

Official launch date and instructions on how to take part will follow shortly.

DRAC Bitcointalk page: https://bitcointalk.org/index.php?topic=1806593.0
Renos Bitcointalk page: https://bitcointalk.org/index.php?topic=1809933.0

I think this is bad news
why do Swap with Renoscoin ? The first time you promise coin prices have more than 10k
and is now selling the count like that 
example

4RNS = 1XDRAC ===> 4RNS x 50satoshi = 200satoshi so price 1XDRAC= 200satoshi lol 

RNS has been fluctuating between 50 and 250 Satoshi so 1XDRAC would be between 200 and 1000 Satoshi at the current market prices. This is a long term thing, don't think about value as of now. For example if RNS would go up to 1000 Satoshi, the Drac team could get a lot of funding this way overtime.

[ivaxmm]

We are proud to announce a new partnership between the Renos and Drac development teams.

Renos will be offering 1,000,000 DRAC via thier telegram crowdfunding tool with the following agreed terms:

- For every 4 RNS sent, 1 DRAC will be given.

- Any RNS raised by the crowdfund will enter escrow in which the DRAC team can request withdrawals for development. Withdrawal requests have to be publically announced 24 hours prior to the withdrawal either by DRAC team or Escrow.  This is to inform the community of development actions and prevent potential misuse as the escrow reserves the right to  postphone the withdrawal if there is a strong community backlash against it.

- Renos team will receive 250,000 DRAC to enter the same escrow rules as above. In return they will provide support setting up an ICO for the remaining supply at a later date, Promotion, Announcement page & website.

- If the ICO for the remaining supply occurs in the month (30 days) after the starting date of the Renos crowdfunding campaign, the price must be above the 1:4 swap ratio to ensure that the renos coins sell out first.

- Both teams are encouraged to arrange development expenses in either the Renos or Drac recieved rather than liquidating for bitcoin or other currencies on the market although it is ackonowledged that sometimes this wont be possible. It will be specified in the withdrawal request wether the expense will remain in Renos or Drac or be sold on the market.

Official launch date and instructions on how to take part will follow shortly.

DRAC Bitcointalk page: https://bitcointalk.org/index.php?topic=1806593.0
Renos Bitcointalk page: https://bitcointalk.org/index.php?topic=1809933.0

I think this is bad news
why do Swap with Renoscoin ? The first time you promise coin prices have more than 10k
and is now selling the count like that 
example

4RNS = 1XDRAC ===> 4RNS x 50satoshi = 200satoshi so price 1XDRAC= 200satoshi lol 

RNS has been fluctuating between 50 and 250 Satoshi so 1XDRAC would be between 200 and 1000 Satoshi at the current market prices. This is a long term thing, don't think about value as of now. For example if RNS would go up to 1000 Satoshi, the Drac team could get a lot of funding this way overtime.

perfect explanation

can't say a value yet, but at least there is a base to start

[care2yak]

We are proud to announce a new partnership between the Renos and Drac development teams.

Renos will be offering 1,000,000 DRAC via thier telegram crowdfunding tool with the following agreed terms:

- For every 4 RNS sent, 1 DRAC will be given.

- Any RNS raised by the crowdfund will enter escrow in which the DRAC team can request withdrawals for development. Withdrawal requests have to be publically announced 24 hours prior to the withdrawal either by DRAC team or Escrow.  This is to inform the community of development actions and prevent potential misuse as the escrow reserves the right to  postphone the withdrawal if there is a strong community backlash against it.

- Renos team will receive 250,000 DRAC to enter the same escrow rules as above. In return they will provide support setting up an ICO for the remaining supply at a later date, Promotion, Announcement page & website.

- If the ICO for the remaining supply occurs in the month (30 days) after the starting date of the Renos crowdfunding campaign, the price must be above the 1:4 swap ratio to ensure that the renos coins sell out first.

- Both teams are encouraged to arrange development expenses in either the Renos or Drac recieved rather than liquidating for bitcoin or other currencies on the market although it is ackonowledged that sometimes this wont be possible. It will be specified in the withdrawal request wether the expense will remain in Renos or Drac or be sold on the market.

Official launch date and instructions on how to take part will follow shortly.

DRAC Bitcointalk page: https://bitcointalk.org/index.php?topic=1806593.0
Renos Bitcointalk page: https://bitcointalk.org/index.php?topic=1809933.0

I think this is bad news
why do Swap with Renoscoin ? The first time you promise coin prices have more than 10k
and is now selling the count like that 
example

4RNS = 1XDRAC ===> 4RNS x 50satoshi = 200satoshi so price 1XDRAC= 200satoshi lol 

RNS has been fluctuating between 50 and 250 Satoshi so 1XDRAC would be between 200 and 1000 Satoshi at the current market prices. This is a long term thing, don't think about value as of now. For example if RNS would go up to 1000 Satoshi, the Drac team could get a lot of funding this way overtime.

perfect explanation

can't say a value yet, but at least there is a base to start

Perhaps value will increase when more uses for the token are introduced. Break a leg XDRAC Team!

[ivaxmm]

We are proud to announce a new partnership between the Renos and Drac development teams.

Renos will be offering 1,000,000 DRAC via thier telegram crowdfunding tool with the following agreed terms:

- For every 4 RNS sent, 1 DRAC will be given.

- Any RNS raised by the crowdfund will enter escrow in which the DRAC team can request withdrawals for development. Withdrawal requests have to be publically announced 24 hours prior to the withdrawal either by DRAC team or Escrow.  This is to inform the community of development actions and prevent potential misuse as the escrow reserves the right to  postphone the withdrawal if there is a strong community backlash against it.

- Renos team will receive 250,000 DRAC to enter the same escrow rules as above. In return they will provide support setting up an ICO for the remaining supply at a later date, Promotion, Announcement page & website.

- If the ICO for the remaining supply occurs in the month (30 days) after the starting date of the Renos crowdfunding campaign, the price must be above the 1:4 swap ratio to ensure that the renos coins sell out first.

- Both teams are encouraged to arrange development expenses in either the Renos or Drac recieved rather than liquidating for bitcoin or other currencies on the market although it is ackonowledged that sometimes this wont be possible. It will be specified in the withdrawal request wether the expense will remain in Renos or Drac or be sold on the market.

Official launch date and instructions on how to take part will follow shortly.

DRAC Bitcointalk page: https://bitcointalk.org/index.php?topic=1806593.0
Renos Bitcointalk page: https://bitcointalk.org/index.php?topic=1809933.0

I think this is bad news
why do Swap with Renoscoin ? The first time you promise coin prices have more than 10k
and is now selling the count like that 
example

4RNS = 1XDRAC ===> 4RNS x 50satoshi = 200satoshi so price 1XDRAC= 200satoshi lol 

RNS has been fluctuating between 50 and 250 Satoshi so 1XDRAC would be between 200 and 1000 Satoshi at the current market prices. This is a long term thing, don't think about value as of now. For example if RNS would go up to 1000 Satoshi, the Drac team could get a lot of funding this way overtime.

perfect explanation

can't say a value yet, but at least there is a base to start

Perhaps value will increase when more uses for the token are introduced. Break a leg XDRAC Team!

working on it!!

[RenosCoin]

How to buy DRAC via Renos Telegram Crowdfunding tool

Crowdfunding begins 24/3/2017 @ 12:00GMT


1. Setting up ETH wallet to accept DRAC

If you have a functioning ETH wallet

click contracts tab at the top
click "watch token"
Enter the following details:

address: 0x44FB2663d37e36e4a2B4b865D9ec832e5Da6A016
symbol = XDRAC
decimals = 6

Using MyEtherWallet

Click generate wallet and follow instructions to create an ethereum wallet

Click "Send Ether & Tokens" tab at the top of the page and access your wallet

Click "Add custom token" and entere following details:

address: 0x44FB2663d37e36e4a2B4b865D9ec832e5Da6A016
symbol = XDRAC
decimals = 6

Take note of your ethereum address as you will need this later on


2. Depositing Renos to RenosBot

Add @renosbot on telegram

Message "/help" for information on all actions possible

To deposit you will need to message the following commands in seperate messages:
/register
/deposit
Send renos to the address provided
/balance to check when the deposit has been credited


3. Buying DRAC

Join the crowdfunding chat:
https://t.me/joinchat/AAAAAAs6QWAIyXxQo2Mb8A

Please do not message extra messages in this chat aside those needed to purchase DRAC.
Use the Renos Community telegram for any questions or comments: https://telegram.me/renoscoin

Use this command to send Renos to the crowdfund campaign:
/tip #DRAC (Amount)

Then in a seperate message send your ethereum address.

Please note: Any payments sent before 12:00 GMT on 24/3/2017 will be rejected and returned at the end of the crowdfunding campaign

For every 4 RNS sent, 1 DRAC will be recieved

If you want to see how much has been raised type "/funds" in the Renos Community telegram or PM with the Renosbot

When the Crowdfund is complete, distribution will begin and RNS raised will be sent into escrow.

[muleroaa]

so you will only be sold on the exchange and after that go to bring BTC without redemption, so?

well, as I just said, we will get our %, but dracshares holders too.

at the begining it will be like this:

94% to exchanges
6% team + users

profits from this 94% will be distributed like this:

6% will represent now the 100%= 600.000 (as all the dracshare holders will have tokens from this 6%), so:

If you have 1 dracshare, it will be 0.00016% of the profits from the 94% sold.

Example:

94% you sold for 100BTC
100 BTC we divide into 600 000 XDRAC
1 XDRAC=0.00016%=0.00016 btc
Holder 1 xdrac will receive 0.00016 BTC. I correctly understanding?

correct

big deal I think

But the people that get their XDRAC through the RNS swap, won't be part of this? Because 1 million XDRAC being swapped, it can't be part of these 6% / 600k coins, but is part of the 94% / 9.4m coins?

[nyteo]

buy renos at bargain prices right now and replace it with drac I think is very appropriate action.

[Keyboard PC]

buy renos at bargain prices right now and replace it with drac I think is very appropriate action.

I bought  #DRAC with 83k  #RNS  150 sat per RNS so 1 DRAC 600 sat 

[zx9r]

So, let me expose if I understood it well:

- you hold 6% of premined coins by the face
- no ICO but you sell the other 94% of the coins in an exchange and the profit are distributed to that 6% (LOL, can you explain what is the difference with an ICO ?)


PD: Como se nota que sois catalanes.

Are you just against them because they are catalan? Are you a Spanish fascist?

Of course not. Don't believe all you read.

[muleroaa]

So the people who swap RNS for DRAC will also be getting dividends for the rest that is sold on exchanges?

[scambust]

I'm beginning to think Renoscoin and Drac is one giant convoluted con.

Where's the value? The use case?

[nyteo]

buy renos at bargain prices right now and replace it with drac I think is very appropriate action.

I bought  #DRAC with 83k  #RNS  150 sat per RNS so 1 DRAC 600 sat 

price drac remained at 1000 satoshi, you're just lucky to buy renos at a bargain price and exchange it with drac, you've made a profit of 40%.

[wnj4]

So the people who swap RNS for DRAC will also be getting dividends for the rest that is sold on exchanges?

Is XDRAC in ICO phase at this time? when ICO ended!

I'm beginning to think Renoscoin and Drac is one giant convoluted con.

Where's the value? The use case?

I wonder too, Where's the value, The use case? what this will affect XDRAC and RNS future!!

[ivaxmm]

So the people who swap RNS for DRAC will also be getting dividends for the rest that is sold on exchanges?

ofc, they will, as every person to hold at least 1xdrac will receive dividends, however, things may change in a future asking for a higher  minimum of xdrac to receive dividends, but it is only an idea right now.

[ivaxmm]

so you will only be sold on the exchange and after that go to bring BTC without redemption, so?

well, as I just said, we will get our %, but dracshares holders too.

at the begining it will be like this:

94% to exchanges
6% team + users

profits from this 94% will be distributed like this:

6% will represent now the 100%= 600.000 (as all the dracshare holders will have tokens from this 6%), so:

If you have 1 dracshare, it will be 0.00016% of the profits from the 94% sold.

Example:

94% you sold for 100BTC
100 BTC we divide into 600 000 XDRAC
1 XDRAC=0.00016%=0.00016 btc
Holder 1 xdrac will receive 0.00016 BTC. I correctly understanding?

correct

big deal I think

But the people that get their XDRAC through the RNS swap, won't be part of this? Because 1 million XDRAC being swapped, it can't be part of these 6% / 600k coins, but is part of the 94% / 9.4m coins?

yes, people to hold xdrac will be part of this and receive didividends. A future ico will be done with 7,4M xdrac, right now renos team is offering an other 10% of total xdrac. so a total of 84% will be offered to users. Join our slack and ask for the xdrac analytics  pdf where is all explained

[ivaxmm]

I'm sure it will be useful:


   







Xavi Molina - CMO
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Eduard Pina - CEO
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Sergio Calzón - Algorithm developer
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Sergio Andrés - CTO
Linkedin 

Carla Martín - PR
Linkedin
   

[amy1284455127]

What is the relationship between rns and xdrac? Now how to get xdra?

[ivaxmm]

What is the relationship between rns and xdrac? Now how to get xdra?

both teams made a colaboration deal.

Now you can get xdrac buying renos and exchanging them for xdrac at the renos crowdfunding here: https://bitcointalk.org/index.php?topic=1809933.msg18303034#msg18303034