[ANN] [CVC] CIVIC Tokensale Successfully Completed

[kmb448]

I may have spoken too soon. I too was able to successfully get in after receiving an updated contract. There was just a delay as they seem to have been rather busy. Good luck to all and hope the project succeeds.

[CCCOOO]

Interesting, Bancor & IOTA works with Civic!

"IOTA’s membership with other giants such as Civic and IBM, David and the IOTA team are signaling to be key players in the advancement and adoption of distributed ledger technology worldwide."

https://www.cryptocoinsnews.com/unlimited-size-zero-fees-developer-aims-solve-blockchain-bottleneck/amp/

[HodlFroever]

Thanks for update, joined telegram. That's a very fair way of running a token sale, vs BAT and just total, Bancor (increasing their "minimum uncapped time" to 3 hours arbitrarily).

[GGALINff]

bought in,  using BTC

anyone buy in using ETH?  what was the contact price ETH/USD ?  Curious because ETH has been on a tear

How long from the signed contract time that they send you the unique BTC address?

about 1/2 day

[brian_nguyen]

bought in,  using BTC

anyone buy in using ETH?  what was the contact price ETH/USD ?  Curious because ETH has been on a tear

How long from the signed contract time that they send you the unique BTC address?

about 1/2 day

Thanks, can't wait to see what's in the oven for us 

[2970566]

I will invest. A different and beautiful project. I can't find bounty page ?

this project is so powerful that they even don't need open bounty campaign to extension

[dreamhouse]

I am not sure this project makes sense. In fact there are several coins that support the identity verification. It is not a complicated task, and we don't need so many coins to do so. Although this is a good domain to be, I don't see this coin have many novelty worth investing.

[mela65]

According to my explore, lots of investor are waiting for this project. Crowdsale will be finish early that June 28. And technical partners are very important for this project.

[Scor Pio]

this is great, congrats for CIVIC team
just read this 
pre-sale already sold $33m in Civic tokens (CVC)
http://www.coindesk.com/civics-ico-pre-sale-sells-out-but-crowd-to-get-second-chance/

[The Goat Master]

this is great, congrats for CIVIC team
just read this 
pre-sale already sold $33m in Civic tokens (CVC)
http://www.coindesk.com/civics-ico-pre-sale-sells-out-but-crowd-to-get-second-chance/

So we deserve second chance? 

[animosity2k1]

Does anyone know what hour the ICO launches on the 21st and if it's in EST?

[axiline]

I congratulate the team on the successful passage of the first stage. I hope CVC has a great future.

[burner2015]

Following

[mitchr4]

http://www.coindesk.com/civics-ico-pre-sale-sells-out-but-crowd-to-get-second-chance/

I read this article and it makes no sense for the civic team... So with the price dropping CIVIC may actually give back some of btc and eth from the presale,  but they may take a huge loss if they hit a low point in the btc price fluctuation for returning btc to the presale buyers... That's kind of fucked up, and messy, why not just bump the coin count by the 33% so everything stays clean, and they dont risk a loss?

[mitchr4]

presale ended around 2800 price is now 2400 that a 14% loss on the 33% of refunded coins, because they now have to return 14% more coins to the presale buyers at 2800... thats a pretty chunky loss if btc doesn't rebound before the crowdsale

[brian_nguyen]

presale ended around 2800 price is now 2400 that a 14% loss on the 33% of refunded coins, because they now have to return 14% more coins to the presale buyers at 2800... thats a pretty chunky if btc doesn't rebound before the crowdsale

They probably just return 33% of the coins received.

[Herdirfauzi]

Still can't find any information regarding the bounty in first post.
Can anyone help me with the info about it?
Thank you.

No bounty, may crowdsale not success
Lol

Bounty will help introduce the project quickly, and the people who follow will be excited if the reward is high Lol

[mitchr4]

presale ended around 2800 price is now 2400 that a 14% loss on the 33% of refunded coins, because they now have to return 14% more coins to the presale buyers at 2800... thats a pretty chunky if btc doesn't rebound before the crowdsale

They probably just return 33% of the coins received.

right, but if those people paid for civic at the price of 2800... you think the team is going to fuck those people and return the coins as if the price is still 2800 even though its dropped to 2400? That would be pretty fucked up.

[Marina_T]

presale ended around 2800 price is now 2400 that a 14% loss on the 33% of refunded coins, because they now have to return 14% more coins to the presale buyers at 2800... thats a pretty chunky if btc doesn't rebound before the crowdsale

They probably just return 33% of the coins received.

right, but if those people paid for civic at the price of 2800... you think the team is going to fuck those people and return the coins as if the price is still 2800 even though its dropped to 2400? That would be pretty fucked up.

Refund is the same currency that pre-sale purchasers paid, e.g. BTC or ETH. We got no pushback on this so seems like most users are ok with the exposure to the same currency they paid with.

[stefanoste]

So is the team prepared for this scenario...

1) Pre sale sells out ($50k minimum donation) = Whales have entered Civic
2) ICO sells out ($25k max contribution), making countless transactions from different addresses at the $25k max = Whales solidify their position
3) ICO sells out in a few minutes
4) Us small investors again have to bend over and take one for the team (which we are not in btw)
5) Token price and to some degree the success of the project is now centralised. 

What steps are you taking to ensure this will be a fair distribution?

Wagerr and Status are making great inroads in ensuring some degree of fairness. Vinny.. Your thoughts?

reply would be nice on this question