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

[longestline]

Does anybody know what this message is about "Currently the crowdfund is paused. We are migrating our token contract to a new version. The crowdfund will continue in few hours." Was there a problem with the old contract or was this planned all along?

Just wondering really.

[1715614733]

1715614733

[minime0105]

When we can see working exchange?

the project will have its own exchange platforms so don't worry about exchange. and I think other exchange will also list ethbits once the ICO finish.
first let the ICO end. the other things are come accordingly.

I meant when we will be able to use and promote ethbitc local exchange. Because I'm interested in trading only using exchange which I invested into.

on which exchanges you invested? I personally think ethbits could get listed in liqui easily. livecoin can also list ethbits, and it is also possible that bittrex may list this.
they've raised a pretty cool amount in ICO and still growing. it will surely get attraction of some big exchanges.

They are aiming for bittrex and 2 chinese exchanges. When its done, for sure there will be a good 24 hr volume of ethbits. you can join the telegram group, there is also a poll there.

[eastwind_ja]

how can i  join in slack,  could somebody  give me a invitation  link ?   seems this is a good  project , wish to join in the ICO  , get some tokens .  thanks in advance

[ethbits]

how can i  join in slack,  could somebody  give me a invitation  link ?   seems this is a good  project , wish to join in the ICO  , get some tokens .  thanks in advance

hi ,

sure ! just PM me your email address please ? i will send you an invitation.

Regards

[eastwind_ja]

how can i  join in slack,  could somebody  give me a invitation  link ?   seems this is a good  project , wish to join in the ICO  , get some tokens .  thanks in advance

hi ,

sure ! just PM me your email address please ? i will send you an invitation.

Regards

thank you very much , I have sent you a meassage , but don't know why  don''t  make slack invitation publicly ?  this will  let more ppl  get in the community

[jamesqy]

interesting project, added to my watchlist

[topesis]

Do anyone understand what this statement mean

Currently the crowdfund is paused. We are migrating our token contract to a new version. The crowdfund will continue in few hours.

I thought the ICO code is a smart contract, I will wait for the ICO to resume

[enhu]

When we can see working exchange?

2017
• Winter ➔ Token Crowdsale, Launch of ETHBITS in Europe
• Spring ➔ launch of ETHBITS in India, USA and Australia
• Summer ➔ Closed pool BETA testing and token issuance
• Fall ➔ Open BETA testing and integration with Mycelium Card
2018
• Winter ➔ Open BETA of ETHBITS token with Mycelium Card
• Spring ➔ Open BETA
• Summer ➔ Full Launch of ETHBITS
• Fall ➔ Launch of ETHBITS Investment Fund

This roadmap is sooooo far away. I'm surprised your core product, the social trading platform, will not be built until mid next year. That's ridiculous. Do you even have a whitepaper for it, or done some planning for the platform that you can share with us?

Is that plan from the team of ETHbits? Why is this going to take too long, are their github empty yet? What are they going to do after the ICO take a vacation?

If you will have to analyze it, why would someone invest to this when there are already exchanges that are working to which an investor can already profit. Take time to consider to make the project quicker because the rest of the DEX are already up there. Investors will prefer to invest to a working project.

[Coinonomous]

When we can see working exchange?

2017
• Winter ➔ Token Crowdsale, Launch of ETHBITS in Europe
• Spring ➔ launch of ETHBITS in India, USA and Australia
• Summer ➔ Closed pool BETA testing and token issuance
• Fall ➔ Open BETA testing and integration with Mycelium Card
2018
• Winter ➔ Open BETA of ETHBITS token with Mycelium Card
• Spring ➔ Open BETA
• Summer ➔ Full Launch of ETHBITS
• Fall ➔ Launch of ETHBITS Investment Fund

This roadmap is sooooo far away. I'm surprised your core product, the social trading platform, will not be built until mid next year. That's ridiculous. Do you even have a whitepaper for it, or done some planning for the platform that you can share with us?

Is that plan from the team of ETHbits? Why is this going to take too long, are their github empty yet? What are they going to do after the ICO take a vacation?

If you will have to analyze it, why would someone invest to this when there are already exchanges that are working to which an investor can already profit. Take time to consider to make the project quicker because the rest of the DEX are already up there. Investors will prefer to invest to a working project.

This is why I call it a scam. Stupid, no timeline, no plans, op has neg trust, devs seem phony... Good luck you all.

[DomainMagnate]

If we buy Ethbits from exchange,will we get paid dividend?Can we move back coins from exchange to ethbits website?

[xdookiex]

When we can see working exchange?

2017
• Winter ➔ Token Crowdsale, Launch of ETHBITS in Europe
• Spring ➔ launch of ETHBITS in India, USA and Australia
• Summer ➔ Closed pool BETA testing and token issuance
• Fall ➔ Open BETA testing and integration with Mycelium Card
2018
• Winter ➔ Open BETA of ETHBITS token with Mycelium Card
• Spring ➔ Open BETA
• Summer ➔ Full Launch of ETHBITS
• Fall ➔ Launch of ETHBITS Investment Fund

This roadmap is sooooo far away. I'm surprised your core product, the social trading platform, will not be built until mid next year. That's ridiculous. Do you even have a whitepaper for it, or done some planning for the platform that you can share with us?

Is that plan from the team of ETHbits? Why is this going to take too long, are their github empty yet? What are they going to do after the ICO take a vacation?

If you will have to analyze it, why would someone invest to this when there are already exchanges that are working to which an investor can already profit. Take time to consider to make the project quicker because the rest of the DEX are already up there. Investors will prefer to invest to a working project.

This is why I call it a scam. Stupid, no timeline, no plans, op has neg trust, devs seem phony... Good luck you all.

Just because you don't like the project, and its not feeding you the typical sheeple crap you are use to, doesn't mean its a scam. Please stop spreading FUD. Ethbits won't be the last exchange to be created either. IDK, why you guys decide to come here and point that out? If your not impressed, move on out, we don't want to hear from you.

[Kazadar]

So with 11k ETH raised... future profit sharing is currently at 11% not 40%? Just need to clarify.

Yes and no. As all unsold tokens will be burned so your share of the profit should be the same

Lets say that you own 1000 tokens out of 10000 tokens with 40% profit share, that would make your share 4%
Now if you own 1000 tokens out of 2500 tokens with 10% profit share, that would also make your share 4%

That is true to an extent. Yes your share of the profit being shared will be the same... But the profit being shared will not be 40% it will be 11%

So say your due 1% of the profit share... you are now due 1% of 11%... instead of 1% of 40%

So for example... Say total profit was $100,000 you will currently receive 1% of $11,000 rather then 1% of $40,000  

No you are forgetting to take the amount of tokens into account.

1% of 1,100,000 is 11000 tokens you need to own
1% of 4,000,000 is 40000 tokens you need to own to get the 1%

Using my example again

1,000 tokens out of 10,000 tokens with 40% profit share, that would make your share 4%, add a $100,000 revenue and you would be getting $4,000 in dividends
Now if you own 1000 tokens out of 2500 tokens with 10% profit share, that would also make your share 4% add a $100,000 revenue and you would be getting $4,000 in dividends.

This is due to the fact that with a lower percentage of the profits, there will also be a lower amount of tokens, increasing your relative share of the tokens.
With 1,000 tokens out of 10,000 you own 10% of the tokens, with 1000 tokens out of 2500 you own 40% of the tokens and thus will get a 4 times larger share.

[minime0105]

So with 11k ETH raised... future profit sharing is currently at 11% not 40%? Just need to clarify.

Yes and no. As all unsold tokens will be burned so your share of the profit should be the same

Lets say that you own 1000 tokens out of 10000 tokens with 40% profit share, that would make your share 4%
Now if you own 1000 tokens out of 2500 tokens with 10% profit share, that would also make your share 4%

That is true to an extent. Yes your share of the profit being shared will be the same... But the profit being shared will not be 40% it will be 11%

So say your due 1% of the profit share... you are now due 1% of 11%... instead of 1% of 40%

So for example... Say total profit was $100,000 you will currently receive 1% of $11,000 rather then 1% of $40,000  

No you are forgetting to take the amount of tokens into account.

1% of 1,100,000 is 11000 tokens you need to own
1% of 4,000,000 is 40000 tokens you need to own to get the 1%

Using my example again

1,000 tokens out of 10,000 tokens with 40% profit share, that would make your share 4%, add a $100,000 revenue and you would be getting $4,000 in dividends
Now if you own 1000 tokens out of 2500 tokens with 10% profit share, that would also make your share 4% add a $100,000 revenue and you would be getting $4,000 in dividends.

This is due to the fact that with a lower percentage of the profits, there will also be a lower amount of tokens, increasing your relative share of the tokens.
With 1,000 tokens out of 10,000 you own 10% of the tokens, with 1000 tokens out of 2500 you own 40% of the tokens and thus will get a 4 times larger share.

nice explanation my friend, this is what ethbits PR is explaining since the early days.

@Ethbits has been list on ICOmulu - ICO评级目录

https://icomulu.com/project/Ethbits.html

and the Discussion Forum URL is https://forum.icomulu.com/t/Ethbits

COmulu.com is an ICO directory and rating system for Chinese investors which is the largest ICO investment market, there are so many ICO fans visit us. We need to pay our time and work on it.

CEO and Co-Funders of ICOMULU.com are very powerful on China crypto community, and be partnership with btc123.com / sosobtc.com already, and it has influence in China.  ICOMULU is the only one ICO rating system in China, and there are more than 3k Chinese people (Chinese IP) and so many other countries people (most in Japan, Korea) visit it.

https://ICOmulu.com

Nice news that ethbits is getting started and noticed already by the chinese community.

[daylox]

Although so many people are not satisfied with ETHBITS, i still think this will be the next big ICO, because they will create a perfect exchange.

[tehMoonwalker]

When we can see working exchange?

2017
• Winter ➔ Token Crowdsale, Launch of ETHBITS in Europe
• Spring ➔ launch of ETHBITS in India, USA and Australia
• Summer ➔ Closed pool BETA testing and token issuance
• Fall ➔ Open BETA testing and integration with Mycelium Card
2018
• Winter ➔ Open BETA of ETHBITS token with Mycelium Card
• Spring ➔ Open BETA
• Summer ➔ Full Launch of ETHBITS
• Fall ➔ Launch of ETHBITS Investment Fund

Im glad i left this out this roadmap is a joke

[DomainMagnate]

Although so many people are not satisfied with ETHBITS, i still think this will be the next big ICO, because they will create a perfect exchange.

Agreed.In crypto patience is the key.People want to make money quickly.They expect price to go to moon as soon as ICO ends and everything start functioning within a month or two.
Ethereum and bitcoin didn't reach the position where they are today in a month or two.

[serje]

Why did they paid 22 hours ago?

I saw an address that received ETB from the contract address

Can someone look into it?

[Kazadar]

Why did they paid 22 hours ago?

I saw an address that received ETB from the contract address

Can someone look into it?

You get your Ethbits when you deposit, so everyone gets them straight away. But I think I remember them being locked, so you cant transfer them from your account yet.

You can see all the Ethbits being paid out here https://etherscan.io/token/0xc2921ea1c150405ef952f73952f37fa2746168d8?a=0x0000000000000000000000000000000000000000

[megashira1]

Wouldn't the ability to track top traders on the platform allow for large manipulation? If a top trader has a huge following he can safely take a position on a coin with the insurance that there will be others following suit and he can make some easy low risk profit. Subsequently his top trader status increases. Rinse and repeat mirroring effect. Seems ripe for pump groups to take advantage of this platform.

[ethbits]

Wouldn't the ability to track top traders on the platform allow for large manipulation? If a top trader has a huge following he can safely take a position on a coin with the insurance that there will be others following suit and he can make some easy low risk profit. Subsequently his top trader status increases. Rinse and repeat mirroring effect. Seems ripe for pump groups to take advantage of this platform.

Lots of people think that it can be used for price manipulation but you cant. To gain a good enough rep to gain a huge following you will have to make consecutive good trades. So to do this for months and make a fortune why would you ruin it all to make a small fraction of what you have already gained by doing one bad trade. Its a good point though and the price manipulation has come up a lot but it is not an issue.

We just broke 1 Mill. things are going well and still lots of tokens to be burned.