[ANN] Ethbits Crowdsale (ICO) MORE THAN 13644 ETH RAISED !

[coinmenace]

The required minimum will be achieved without any trouble in a day or two. The limited supply and 80% profit sharing will make this exchange successful and the very valuable to the token of course in the same time. If I say it one of the important projects will not be over talking about it.

It is not 80% profit - it is "up to 80%" depending on the raised amount. if they only raised the minimum of 7500 ETH - then the profit share is only 10%. So be aware of it.

From the contribution terms and conditions:

Appendix A - Profit sharing

Amount raised VS Profit Share

The amount of gross profit ETHbits will share is dependent on how much is raised during the Crowdsale. For every 1000 ETHER raised over minimum funding goal 10000 ETH Ethbits will share 1% of the gross profit.

Raised 10000 ETH or less - Profit (GROSS) share 10%
Raised 20000 ETH or less - Profit (GROSS) share 20%
Raised 30000 ETH or less - Profit (GROSS) share 30%
Raised 40000 ETH or less - Profit (GROSS) share 40%

[xdookiex]

I was expecting more ETH to be raised, but I assume, by restricting Americans, probably hurt their fund raising substantially.

5,687 ETH raised, in about 24 hours.

about $280k raised, just a little over a quarter of the goal to hit 1 million USD cap to get to the 40% profit sharing threshold.

Will need to raise close to 21k ETH to hit the 40% sharing threshold.

Hopefully some whales see some opportunity here and dump some more $$$.

[MoveCrypto]

Why are you doing dividends instead of buyback & burn?

Buyback & burn is more attractive and easier when dealing with exchanges, imo

[minime0105]

I was expecting more ETH to be raised, but I assume, by restricting Americans, probably hurt their fund raising substantially.

5,687 ETH raised, in about 24 hours.

about $280k raised, just a little over a quarter of the goal to hit 1 million USD cap to get to the 40% profit sharing threshold.

Will need to raise close to 21k ETH to hit the 40% sharing threshold.

Hopefully some whales see some opportunity here and dump some more $$$.

it still a good opening day for the ICO, just imagine if Americans are not restricted, It is Huge for sure, maybe ICO will be finished in less than a week.

[cabron]

I was expecting more ETH to be raised, but I assume, by restricting Americans, probably hurt their fund raising substantially.

5,687 ETH raised, in about 24 hours.

about $280k raised, just a little over a quarter of the goal to hit 1 million USD cap to get to the 40% profit sharing threshold.

Will need to raise close to 21k ETH to hit the 40% sharing threshold.

Hopefully some whales see some opportunity here and dump some more $$$.

The ICO will run for weeks and It just started so there are lots of people who will be investing to this ICO later. Give it some time and they will see this collecting more than a million. Some of the crypt even started with no funds but are gradually growing so will soon see ETHbits sharing profits to its investors.

[unsoindovo]

The required minimum will be achieved without any trouble in a day or two. The limited supply and 80% profit sharing will make this exchange successful and the very valuable to the token of course in the same time. If I say it one of the important projects will not be over talking about it.

It is not 80% profit - it is "up to 80%" depending on the raised amount. if they only raised the minimum of 7500 ETH - then the profit share is only 10%. So be aware of it.

From the contribution terms and conditions:

Appendix A - Profit sharing

Amount raised VS Profit Share

The amount of gross profit ETHbits will share is dependent on how much is raised during the Crowdsale. For every 1000 ETHER raised over minimum funding goal 10000 ETH Ethbits will share 1% of the gross profit.

Raised 10000 ETH or less - Profit (GROSS) share 10%
Raised 20000 ETH or less - Profit (GROSS) share 20%
Raised 30000 ETH or less - Profit (GROSS) share 30%
Raised 40000 ETH or less - Profit (GROSS) share 40%

plz can you explain better?
i'm really interested because i don't understand...
our profit is linke to the ICO ETH gathered?
7.50 eth limit is near, but are joined jus 198 users..
not so much

[xdookiex]

I think someone mentioned how they are 26 days still left.
I can see this hitting a million.

[DonApp]

I decided not to participate in this ICO, since the roadmap shows quite long times before developments will be finished. Moreover, limited ICO funds might slow down the process. I hope you will have a good ICO and will succeed with reaching enough funding!

[ethbits]

The required minimum will be achieved without any trouble in a day or two. The limited supply and 80% profit sharing will make this exchange successful and the very valuable to the token of course in the same time. If I say it one of the important projects will not be over talking about it.

It is not 80% profit - it is "up to 80%" depending on the raised amount. if they only raised the minimum of 7500 ETH - then the profit share is only 10%. So be aware of it.

From the contribution terms and conditions:

Appendix A - Profit sharing

Amount raised VS Profit Share

The amount of gross profit ETHbits will share is dependent on how much is raised during the Crowdsale. For every 1000 ETHER raised over minimum funding goal 10000 ETH Ethbits will share 1% of the gross profit.

Raised 10000 ETH or less - Profit (GROSS) share 10%
Raised 20000 ETH or less - Profit (GROSS) share 20%
Raised 30000 ETH or less - Profit (GROSS) share 30%
Raised 40000 ETH or less - Profit (GROSS) share 40%

plz can you explain better?
i'm really interested because i don't understand...
our profit is linke to the ICO ETH gathered?
7.50 eth limit is near, but are joined jus 198 users..
not so much

Hi there we made the profit share proportional to the amount of ETHER raised in order to encourage investors to share Ethbits to their friends. Basically for every 1000 ETH we raise that is a 1% more profit share. So if we raise 10k ETH the site profit share will be a base rate of 10% but there will only be just over 1 Mill Ethbit tokens to share the profit amongst.  If we sell 4 Million tokens then we will distribute 40% of the site profit among 4 mill tokens. So the actual amount of dividends you receive should be the same regardless of 10% with 1 mill tokens or 40% with 4 Mill tokens.
I hope I made that clear? If not then please say and I can try break it down some more for you in another way.

I decided not to participate in this ICO, since the roadmap shows quite long times before developments will be finished. Moreover, limited ICO funds might slow down the process. I hope you will have a good ICO and will succeed with reaching enough funding!

Thank you for considering. We have set a minimum which will ensure our development will not be slowed down and remember we have Ethbits Local ready to launch next month that will start generating revenue. If we only sell 1 Mill tokens then that will potentially better better for the investors due to the reduced supply by burning unsold tokens. We will be sharing profits from the start and people need to buy them to pay site fees. That will be interesting indeed. All opinions are welcome though and actually appreciated because at this early stage we can easily tweek a few things if the opinions are good. For example we totally  restructured our ICO sale price and token issuance after listening to what the investors wanted. Good luck with your future investments and thanks for checking us out.

[DomainMagnate]

Where can I buy ether to participate in ICO.If I buy from exchange.do I need to first send it to myetherwallet before sending to ico address?

[ethbits]

Where can I buy ether to participate in ICO.If I buy from exchange.do I need to first send it to myetherwallet before sending to ico address?

You can buy Ether from www.coinbase.com www.kraken.com and www.poloniex.com.

When you buy never send your ETH from exchange to the ico.ethbits.com you send to www.myetherwallet.com (makesure you have your private key very very safe).


Then after the crowdsale the ETHBIT Tokens will come back to the private key you  have which can be opened using myetherwallet or imported into an ETH wallet like Mist etc.

If you go to ico.ethbits.com we have live chat all the time there.

[Mrbates]

I was expecting more ETH to be raised, but I assume, by restricting Americans, probably hurt their fund raising substantially.

5,687 ETH raised, in about 24 hours.

about $280k raised, just a little over a quarter of the goal to hit 1 million USD cap to get to the 40% profit sharing threshold.

Will need to raise close to 21k ETH to hit the 40% sharing threshold.

Hopefully some whales see some opportunity here and dump some more $$$.

it still a good opening day for the ICO, just imagine if Americans are not restricted, It is Huge for sure, maybe ICO will be finished in less than a week.

I had 500 eth for it but yeah restriction meant I go elsewhere, alot of coins offer dividends so I'm not sure why we were restricted since we don't technically own a part of their company so the SEC wouldn't bitch.

[LLec]

So good to see things are going according to plan.
Thank goodness you are looking to get it listed on reputable exchanges and not these smaller ones where it will not get customer recognition using them.

Way to go Ethbits!

[Kazadar]

I had 500 eth for it but yeah restriction meant I go elsewhere, alot of coins offer dividends so I'm not sure why we were restricted since we don't technically own a part of their company so the SEC wouldn't bitch.

Most of the coins that offer dividends would likely also be considered illegal in the US.
There were lots of discussions on the topic last year after with the DAO, and many (but not all) did consider the offering illegal, as it offered a share in the profits. Also voting rights is many equal to ownership.

While there may be ways around the legislation, its often a easier to restrict US access rather than spending years on a court case.

[LivingDeath]

Good luck to you guys. I invested a little bit in this hoping you will do your best. 

[bifabu.com]

Listed.
https://www.ico-list.com/index.php?m=Index&a=detail&id=136

[Jenny Moll]

The required minimum will be achieved without any trouble in a day or two. The limited supply and 80% profit sharing will make this exchange successful and the very valuable to the token of course in the same time. If I say it one of the important projects will not be over talking about it.

It is not 80% profit - it is "up to 80%" depending on the raised amount. if they only raised the minimum of 7500 ETH - then the profit share is only 10%. So be aware of it.

From the contribution terms and conditions:

Appendix A - Profit sharing

Amount raised VS Profit Share

The amount of gross profit ETHbits will share is dependent on how much is raised during the Crowdsale. For every 1000 ETHER raised over minimum funding goal 10000 ETH Ethbits will share 1% of the gross profit.

Raised 10000 ETH or less - Profit (GROSS) share 10%
Raised 20000 ETH or less - Profit (GROSS) share 20%
Raised 30000 ETH or less - Profit (GROSS) share 30%
Raised 40000 ETH or less - Profit (GROSS) share 40%

plz can you explain better?
i'm really interested because i don't understand...
our profit is linke to the ICO ETH gathered?
7.50 eth limit is near, but are joined jus 198 users..
not so much

Efforts to expand the impact of ETHbits. Let ETHbits ICO raise more money.

[Litemit]

I just fcked up after trying several time.Why don't you accept bitcoin? ETH gas issue sucks !!

[dotcoin.info]

localbitcoins trading volume spikes recently. no doubt ethbits will get much attention from community.

Chinese trading platform is closed scrutinized by government right now, and ppl flood to OTC platform.

i do think ethbits has great potential.

[dotcoin.info]

how much raised so far? i was banned from visiting the ethbits.com