[ANN] The Scarab Experiment (Official)

[btclobese]

where is the whitepaper translation bounty ?

[Marvintymo]

where is the whitepaper translation bounty ?

Same submission process and bounty as Announcement Translations. Go to http://thescarabexperiment.org/bounty

[Luzina90]

Why dont have Ru translation in bounty? or it done allreadY?

[miramare]

dev,we need more details on the coin itself.

[Marvintymo]

Why dont have Ru translation in bounty? or it done allreadY?

The translations listed are only the ones already reserved. Submit an email to anyone@thescarabexperiment.org to reserve or post on this thread. Once you do you'll be added to the list.

[Marvintymo]

dev,we need more details on the coin itself.

What details would you like? Be specific for better answer.

[Andeze17]

What will be the difference between Scarab and other artist based coins?

[VapeOil]

This con is Jacek approved! We speak the same language... 

[cengsuwuei]

when scarab open ico selling
and how much price ico selling
how much total suply scarab coin ? , i think if good total suply not over 50 million coin, because xcp counter party asset fee sending is high, if total suply big, scarab coin low price muhc people not interst use scarab coin

[Cryptorials]

It will be an interesting experiment at least. Are there any artists lined up who plan to submit work?

[Marvintymo]

It will be an interesting experiment at least. Are there any artists lined up who plan to submit work?

Yes, there are many artists waiting to begin submitting work.

[Cryptorials]

It will be an interesting experiment at least. Are there any artists lined up who plan to submit work?

Yes, there are many artists waiting to begin submitting work.

Oh good. Can you give any teasers about who they are or even what kind of art they will submit?

The value of the token will be largely dependent on both the quality and quantity of art submitted.

when scarab open ico selling
and how much price ico selling
how much total suply scarab coin ? , i think if good total suply not over 50 million coin, because xcp counter party asset fee sending is high, if total suply big, scarab coin low price muhc people not interst use scarab coin

1.First Token Selling now @ http://coinvend.io/scarab This Token will set the price for each Token.

2.ICO of the rest of the Tokens for sale after first Token sells.

3.Total Supply is 100,000 Tokens, 50,000 reserved for artists whose work is chosen by community, 10,000 reserved for Bounty, Exhibits, Marketing, Etc.

Unusual approach to an ICO, but forcing everyone to pay the price set by the most bullish buyer may limit sales. What happens if you don't sell all the tokens?

[Kryptowerk]

I'd like to reserve the German translation.
As an artist myself I like the basic idea, hope to see something great for real content/art creators in blockchain space soon. Do you have experience with implementing this in a good way?

[NeuroticFish]

We have reserved Romanian translation for you. To see whats been reserved see list @ http://thescarabexperiment.org/bounty.html

Thank you. I will try to finish it and post it before Monday.

[Marvintymo]

I'd like to reserve the German translation.
As an artist myself I like the basic idea, hope to see something great for real content/art creators in blockchain space soon. Do you have experience with implementing this in a good way?

We have reserved the German Announcement page and whitepaper translation for you, good luck! Our Core team is from the Art World, tech development, coding and business management sectors. They all have various projects behind them and the system for Scarab is ready to launch, our focus now is acquiring participants. 

[Cryptorials]

So the artist gets 10% of any sale. Is the rest split between token holders and Scarab team and if so what proportions?

[Cryptorials]

Thanks for the answer.

Since there is no escrow for the money raised and you have not shared your real world identity, how can you reassure us that this isn't just a scam for you to take the money and run?

[Marvintymo]

Thanks for the answer.

Since there is no escrow for the money raised and you have not shared your real world identity, how can you reassure us that this isn't just a scam for you to take the money and run?

We have not hidden our identities and in some venues they have been shared, but for the most part the Core members would like to remain away from the spotlight to put the focus on the artist, Scarab. We have been working on this since 2014 and we have no intention of leaving this project or running away with any funds.

Each Scarab Token represents membership into the community for participation in voting and creating art. The cost of one token is still yet to be determined but it currently will be less than .009 BTC approx 11 EUR or 10 USD. We decided against an escrow because our best outcome is if each Token is owned individually, which limits the amount of risk one would assume by purchasing. If you wish to purchase many Scarab Tokens for potential profit gain that's an assumed risk that you have to take with virtually every cryptocurrency regardless of who they have as escrow or identify as their team members.

[Cryptorials]

Thanks for the answer.

Since there is no escrow for the money raised and you have not shared your real world identity, how can you reassure us that this isn't just a scam for you to take the money and run?

We decided against an escrow because our best outcome is if each Token is owned individually, which limits the amount of risk one would assume by purchasing.

I don't understand this, or perhaps its that you don't seem to understand what escrow is. An escrow agent holds the bitcoin raised, not the tokens, so they would still each be owned individually. Not having an escrow does not in any way limit the amount of risk one assumes by purchasing, its whole purpose is to reduce that risk.

But if that is the route you are going then its up to you. As you say there is still risk even with these things in place, its just that there are a lot of ICO scams so people have to try to be safe.

Its an interesting idea and I would like to publish an article on my site if its legit, but I'm not sure if I will yet because I don't want to promote something that may end up being a scam.

[gembitz]

Thanks for the answer.

Since there is no escrow for the money raised and you have not shared your real world identity, how can you reassure us that this isn't just a scam for you to take the money and run?

We have not hidden our identities and in some venues they have been shared, but for the most part the Core members would like to remain away from the spotlight to put the focus on the artist, Scarab. We have been working on this since 2014 and we have no intention of leaving this project or running away with any funds.

Each Scarab Token represents membership into the community for participation in voting and creating art. The cost of one token is still yet to be determined but it currently will be less than .009 BTC approx 11 EUR or 10 USD. We decided against an escrow because our best outcome is if each Token is owned individually, which limits the amount of risk one would assume by purchasing. If you wish to purchase many Scarab Tokens for potential profit gain that's an assumed risk that you have to take with virtually every cryptocurrency regardless of who they have as escrow or identify as their team members.

^let's see some of this artists' work "Scarab" is a masonic symbol ~ :-D

*why one token = 1btc im not seeing people buying this...zzz