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Author Topic: [ANN][ICO] Spectiv: DECENTRALIZED VIRTUAL REALITY (OLD THREAD)  (Read 82912 times)
sud
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Spectiv VR Crowdsale: 12/08/17


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July 25, 2017, 06:39:13 AM
 #1001

Can you add rewards to signature participants?
Because signatures are too risky, and we can not follow other campaigns, unlike translators, social media, blogpost, they can do it on any project, but we can not do it, and even if the project fails we get nothing, but others can get Gift from another project, I hope you consider this
agree, it seems  the ico has been delayed for too much time, and we get nothing in the sxtra time but have to do 12 posts a week

wow guys you ask much for doing almost nothing ...

What do you mean by doing almost nothing? We will keep making 12 posts very week for more than a month. BTW, I am not asking much more, I just hope this project can be  known by more and more people.

Seriously 12 posts a week is that hard? Most ppl do it even without sig campaigns by just participating in discussions.

BTW You can delete you sig if you already have made 50 posts and still be rewarded for your stakes. So if you are here only for reward, nothing stops you from changing signature to another project.

Not really, at least according to their rules, which are still standing on the front page:

"- Participants are not allowed to change their signature until the crowdsale officially closes."

See here:

Please take a minute to read the announcement posts in the OP, and read the past few pages of the thread. Basically we will be increasing the Bounty Token Supply though.

"Please note that we will also be increasing the Bounty token allocation significantly though. We plan to increase the % of tokens from either 2% to 3 or 4%. The delay is not 60 days by the way, it is only expected to be a 30 day delay. We do have 60 days worth of work to do, but that is starting now, so that will be finished in mi September. We think that by doubling our token allocation to 4% for the bounty, it is still worth it for you to maintain your signature. If you choose not to, then as long as you have 50 posts with the signature, you will still earn your stakes."


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CryptoRobert
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July 25, 2017, 09:15:41 AM
 #1002

Can you add rewards to signature participants?
Because signatures are too risky, and we can not follow other campaigns, unlike translators, social media, blogpost, they can do it on any project, but we can not do it, and even if the project fails we get nothing, but others can get Gift from another project, I hope you consider this
agree, it seems  the ico has been delayed for too much time, and we get nothing in the sxtra time but have to do 12 posts a week

wow guys you ask much for doing almost nothing ...

What do you mean by doing almost nothing? We will keep making 12 posts very week for more than a month. BTW, I am not asking much more, I just hope this project can be  known by more and more people.

Seriously 12 posts a week is that hard? Most ppl do it even without sig campaigns by just participating in discussions.

BTW You can delete you sig if you already have made 50 posts and still be rewarded for your stakes. So if you are here only for reward, nothing stops you from changing signature to another project.

Not really, at least according to their rules, which are still standing on the front page:

"- Participants are not allowed to change their signature until the crowdsale officially closes."

See here:

Please take a minute to read the announcement posts in the OP, and read the past few pages of the thread. Basically we will be increasing the Bounty Token Supply though.

"Please note that we will also be increasing the Bounty token allocation significantly though. We plan to increase the % of tokens from either 2% to 3 or 4%. The delay is not 60 days by the way, it is only expected to be a 30 day delay. We do have 60 days worth of work to do, but that is starting now, so that will be finished in mi September. We think that by doubling our token allocation to 4% for the bounty, it is still worth it for you to maintain your signature. If you choose not to, then as long as you have 50 posts with the signature, you will still earn your stakes."

Ok, that sounds fine, but they should also update ASAP the information on their frontpage then.
As for me, I probably will stay in this campaign until the end. But in any case I'll throw in some Eths myself during the ICO since the project is so exciting.

               SpectivVR                                                           Crowdsale: 12/08 - 12/29
VR Streaming Platform & Attention Markets                    [ Website ]
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July 25, 2017, 09:16:33 AM
 #1003

I waited until the interview to decide and decided now that I won't be participating in the ICO.

Here are the problems I have:

-Users are going to have to buy VR headgear to use your software.  I personally would not go out to buy VR gear just to use this platform even if the VR gear only cost $20.  This also creates another barrier for someone to use your website.

-You talked too much about youtube/twitch.. and the way you answered questions sounded like it is a dream than you actually having an actionable plan.

-Your token and coin point system is too confusing and seems unnecessary.

-I don't believe you are going to be able to draw viewers to your website.  People also are not going to magically start using your website even if your successfully pull everything off.  You cannot suddenly steal viewers from twitch and youtube and I think your USP is too weak to succeed.

-This one was the deal breaker for me. Your max cap is way too high.  Sure there have been ICOs before you with nothing built and getting a lot of funding, but things are changing and asking for $40m with just a mockup on your website is just insane.  To me it sounds like you are asking for $40m to start a fun school project of yours.

Lastly, VR is always going to be interesting, but from keeping up with the thread and also watching the interview.. I just don't believe you are going to be able to execute.

Also you should have practiced not saying 'like' 'like' before the interview.



I think this is a very subjective opinion. I think if you read the whitepaper all at once will clear up
alexcbobr
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July 25, 2017, 10:27:36 AM
 #1004

The project has interested many, there is no doubt that he will collect the entire amount

               SpectivVR                                                           Crowdsale: 8/14 - 9/4
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marketone
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July 25, 2017, 10:51:26 AM
 #1005

If you guys have postponed the ICO launch date, maybe you can update the start date in the signature code.

I Think they mentioned before only, this week they are going to update will the required information about the ICO or Pre-sale.
May be they are very busy in partnership with the legalizing company which runs ICO without any damage.
It takes hard work and maturity in acting, this project is making a decision to be more perfect

Without transparency, we cannot move forward in this industry. The more transparency from the admin will leads to get some good community support to spectiv. Already there are many people supporting this spectiv and i think it is going to be exicitng days for spectiv and to the community.


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SpectivVR
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Spectiv Crowdsale: December 8th


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July 25, 2017, 02:25:44 PM
 #1006

If you guys have postponed the ICO launch date, maybe you can update the start date in the signature code.

I Think they mentioned before only, this week they are going to update will the required information about the ICO or Pre-sale.
May be they are very busy in partnership with the legalizing company which runs ICO without any damage.
It takes hard work and maturity in acting, this project is making a decision to be more perfect

Without transparency, we cannot move forward in this industry. The more transparency from the admin will leads to get some good community support to spectiv. Already there are many people supporting this spectiv and i think it is going to be exicitng days for spectiv and to the community.
+1

As we mentioned, we will update the dates and everything at the end of this week. We are working on the legal structuring of this crowdsale, and cannot guarantee a date just yet. This is why we don't want to announce it just yet. Once we have the dates finalized, we will update the posts and website. Trust us for now though. We will reward our community and our bounty participants.

               SpectivVR                                                           Crowdsale: 12/08 - 12/29
VR Streaming Platform & Attention Markets                    [ Website ]
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ben_btctalk
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July 25, 2017, 02:34:13 PM
 #1007

If you guys have postponed the ICO launch date, maybe you can update the start date in the signature code.

I Think they mentioned before only, this week they are going to update will the required information about the ICO or Pre-sale.
May be they are very busy in partnership with the legalizing company which runs ICO without any damage.
It takes hard work and maturity in acting, this project is making a decision to be more perfect

Without transparency, we cannot move forward in this industry. The more transparency from the admin will leads to get some good community support to spectiv. Already there are many people supporting this spectiv and i think it is going to be exicitng days for spectiv and to the community.
+1

As we mentioned, we will update the dates and everything at the end of this week. We are working on the legal structuring of this crowdsale, and cannot guarantee a date just yet. This is why we don't want to announce it just yet. Once we have the dates finalized, we will update the posts and website. Trust us for now though. We will reward our community and our bounty participants.

The ico postponed because of legal issues or is there other concerns too?

xcajun21
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Proof-of-Asset Protocol


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July 25, 2017, 02:58:02 PM
 #1008

Can you add rewards to signature participants?
Because signatures are too risky, and we can not follow other campaigns, unlike translators, social media, blogpost, they can do it on any project, but we can not do it, and even if the project fails we get nothing, but others can get Gift from another project, I hope you consider this
agree, it seems  the ico has been delayed for too much time, and we get nothing in the sxtra time but have to do 12 posts a week

wow guys you ask much for doing almost nothing ...

What do you mean by doing almost nothing? We will keep making 12 posts very week for more than a month. BTW, I am not asking much more, I just hope this project can be  known by more and more people.

Seriously 12 posts a week is that hard? Most ppl do it even without sig campaigns by just participating in discussions.

BTW You can delete you sig if you already have made 50 posts and still be rewarded for your stakes. So if you are here only for reward, nothing stops you from changing signature to another project.

After 50 posts if we remove the sig the bounty would be the same? can make sense to have a higher bounty for those who keep until the end of campaign imo

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SpectivVR
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July 25, 2017, 03:10:54 PM
 #1009

It is one of the rare projects that excite me. I store 10 ETHs for ICO. It's a figure for me. I have never invested so much for any other ico. I hope I'm not wrong.

Thank you, look forward to having you on board.



Can you add rewards to signature participants?
Because signatures are too risky, and we can not follow other campaigns, unlike translators, social media, blogpost, they can do it on any project, but we can not do it, and even if the project fails we get nothing, but others can get Gift from another project, I hope you consider this
agree, it seems  the ico has been delayed for too much time, and we get nothing in the sxtra time but have to do 12 posts a week

wow guys you ask much for doing almost nothing ...

What do you mean by doing almost nothing? We will keep making 12 posts very week for more than a month. BTW, I am not asking much more, I just hope this project can be  known by more and more people.

Seriously 12 posts a week is that hard? Most ppl do it even without sig campaigns by just participating in discussions.

BTW You can delete you sig if you already have made 50 posts and still be rewarded for your stakes. So if you are here only for reward, nothing stops you from changing signature to another project.

After 50 posts if we remove the sig the bounty would be the same? can make sense to have a higher bounty for those who keep until the end of campaign imo

Guys, you need to stop posting bounty questions in here, post them in the bounty thread. Besides that point, the amount of Signal Tokens you receive is based on how many stakes you earn. The more weeks you participate in the bounty, the more you earn. The amount you earn is not based on the number of posts you make, but instead based on the amount of time you hold your signature. 50 posts is simply a requirement to earn any Signal Tokens at all.

               SpectivVR                                                           Crowdsale: 12/08 - 12/29
VR Streaming Platform & Attention Markets                    [ Website ]
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July 25, 2017, 03:51:30 PM
 #1010

Signature participants are many, this project is amazing, many users of this forum who want to support this project, 40 million dollars will be quickly fulfilled


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July 25, 2017, 03:57:41 PM
 #1011

Good project. I will participate. Almost all another projects looks useless Smiley
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July 25, 2017, 04:12:54 PM
 #1012

As long as i follow the signature campaign, spectiv is the best in ico management, i am happy to support spectiv, i will also participate in ico, because i am sure spectiv project will give profit to all investor  Cool


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July 25, 2017, 04:20:52 PM
 #1013

Hopefully this project is successful, by participating in the signature campaign to invite investors to participate in ICO later .....

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July 25, 2017, 04:41:47 PM
 #1014


Please take a minute to read the announcement posts in the OP, and read the past few pages of the thread. Basically we will be increasing the Bounty Token Supply though.

"Please note that we will also be increasing the Bounty token allocation significantly though. We plan to increase the % of tokens from either 2% to 3 or 4%. The delay is not 60 days by the way, it is only expected to be a 30 day delay. We do have 60 days worth of work to do, but that is starting now, so that will be finished in mi September. We think that by doubling our token allocation to 4% for the bounty, it is still worth it for you to maintain your signature. If you choose not to, then as long as you have 50 posts with the signature, you will still earn your stakes."

I will keep on joining in the signature bounty campaign thought it is delayed about a month. BTW, I think we should update the signature since the ICO date is not August 14th now. I hope the manager can make an announcement to update the signature.

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July 25, 2017, 04:57:26 PM
 #1015

2. Token Value
In regards to how we plan to grow the value of Signal Tokens, that is not based on whether or not Spectiv is profitable, but based on whether or not content curation is profitable. Consider this, as VR grows and the Spectiv platform grows, curators will be able to drive more traffic to the Spectiv platform. The more traffic that a curator drives, the more money that they earn for generating a signal.

For example, let's say that during year 1 of operation a good content curator is able to profit $1 for every $.50 that they spends on generating signals. During that first year, the curator triples his fan base and in return now makes $3 for every $.50 that he spends on generating signals. Now the cost of generating a signal is significantly lower than the potential revenue for doing it, so the potential value of a signal token is theoretically higher. The market will naturally adjust to this new defined value of a Signal Token and over time, a Signal Token will grow in value until the potential profit and the cost are in a reasonable equilibrium.

There are a couple other points that will factor into the value of Signal Tokens, such as the number of curators that are on the platform and the "minimum" threshold of followers a curator needs to have in order to profitably generate signals. I won't get into that right now because it is all theoretical at this point, but at the end of day, the value of Signal tokens will naturally adjust to be in line with the potential revenue of generating a signal.

Thank you for the reply.

I appreciate that there will be little to no ad revenue initially. And going forward? Who knows. No-one can say. Including you guys. You can make estimates, sure. But this is online advertising we're talking about here. Income from this is far from a given. And uptake may be slow. As in, years slow. You can't assume the number of people using the internet, or playing consoles, just now will automatically translate to the same numbers for the VR market. Sure, it will grow I believe. But how big and how fast? I suspect our estimates there may be slighly different.

Which again takes me back to the value of SIGS. As this is what ICO investors are actually buying.

Sale price - $0.50.

Used solely by creators to propogate content via personalised links.

OK.

Like I say. I work for a tech company. We make EPoS. Biggest in my country. With some presence in the USA. We run loyalty programs. Loyalty programs are a similar system to your signals. At the end of day, they are personalised links to promote content (in my case - offers, in yours - VR videos). In my case, the companies we service use them for mailshots, sale-point discount, repeat buyer discounts, etc etc. Some of these loyalty campaigns contain millions of (uniquely identified) users. My role in all this to stress test the entire setup. The company I work for employs several hundred people. Has it's own dedicated data centres. I work with both dev, test and infrastructure teams. I have to in order to understand what they're doing so I can stress the correct parts of the system.

And we don't have to store and stream VR standard videos! That is a MUCH higher server demand than anything we host. (And we host a lot. Not just loyalty stuff.)

I'm just making the point that this is a BIG technical undertaking you're going for here. Snopes (the fake news website) has estimated running costs (they have an ongoing legal battle going on at the moment so have financial problems) are estimated at $100k per month. I can see costs for a VR streaming site of any sort of size being considerably higher than that. And thats an established site. Without additional revenue, I can see the ICO money getting burnt through pretty fast just on setup, never mind running it.

So where does the value in the token come from?

You sell them at $0.50 during the crowdsale. A curator uses them to "curate" (advertise, whatever ..... they share a specialised link generated through using the token). OK so far. This is where I start losing the track. The white paper then goes on to say that they earn "interest" based on the uptake generated through their signal posts. Right? So where does that interest come from? I see part of the ICO fund being held to pay early curators (again, in the white paper). Personally, I don't like that model. As it means ICO money could end up being used to pay people for uploading and spamming rubbish. (Moderation of interest is mentioned. Not sure how you plan to do that though. I reckon I could pretty easily set up an automated system, that switched exit nodes via a VPN or something so it looked like unique users, and create a whole bunch of fake interest from my own link ...)

But new users also get a 30 SIG bonus on sign up. And a free google cardboard.

So far, all payments to anyone, be they new users, curators, or whatever, appears to be coming out of the ICO money. On top of all your other setup and running costs.

Lots of costs. But little guaranteed revenue post-ICO.

But the white paper also states that "The interest that users earn on Sigs they deploy is distributed as a share of the ad revenue generated from the content they signaled."

Although, you said (in your reply I have partially quoted) that SIGS do not have to rely on the site being profitable to make money.

The statement above (from your white paper) implies the exact opposite. If the site is not generating ad revenue. Then once the money from the ICO is burned through, how do you pay them if the ad revenue is still low?

And I still don't see how any of this causes the token itself to gain value? Besides, as I mentioned earlier, ignorant market speculation. Thats hardly a stable base to build a business on.

Why does a SIG gain value? If, after the ICO money is gone, the only revenue to SIG users will be through (hopefully) ad revenue?

Also, if the SIG token does gain a LOT of value (although we're still not sure if they'll end up on an exchange - this detail isn't nailed down yet either), will this not prevent new "curators" from staking them? Why risk a $100 (for the sake of example - I'm not saying they'll ever hit $100) to promote a link you may get very little return on. You'd be better off selling it on an exchange. But, conversely, as a buyer of token as the ICO stage, I want them to go up in value. Problem is, I'm still failing to see why they will! I mean, if they DON'T end up on exhanges, why would they ever be worth more than the $0.50 ICO price? In fact, why does it need to be a cryptocurrency at all? The SPEC token isn't. As you say it needs to be a controlled price. As a curator using the SIG token, I would rather not be at the mercy of the insanity of crypto markets to determine whether it costs me $0.50 or $50 to promote a link. Why not make that one controlled as well? Except then your sole link to crypto, and investment money - which you'll need to run the thing, is gone.

Apologies for seemlingly asking the same question constantly. But that's only because I've yet to see an answer that tells me where the value comes from. And, unlike a lot of people buying crypto (the "crypto = lambo" idiot crowd), I actually do my research. I'm an analyst by trade. I'd rather not throw my hard earned cash away!

As it stands, as a VR user:

1. Would I try your site? - Yes.
2. Would I continue to use it? - Maybe. Impossible to say without seeing at least some sort of demo. But VR video is low on my use list. Even if I did continue to use it, it would not get much of a proportion of my VR time. The whole point of VR, for me and most of the people I know who are into it, is INTERACTIVE immersion. VR video is immersive. But not interactive. I see it a bit like Oculus before it got Touch. Half the system was missing. It's the main reason I stuck with the Vive over it (I had both at one point). Even with Touch now in place, their tracking system is not quite so good so I'm still happy with my decision to back the Vive. Although, the Oculus closed market system is fucking stupid and the LAST thing a small emergent market like VR needs. But thats what happens when you let Facebook pull the strings.
3. Would I invest in your token? - At the moment, no. See above.

(PS - the other potential problem I see for this is bandwidth. From the user end. You're talking about starting out with users offering live VR feeds yes? How many people do you think have the upload bandwidth to upstream decent quality VR video? I would burn through my mobile allowance in minutes. To do it live, requires a live data connection. So unless we want to watch some guy sat in his VR room, that data connection needs to be mobile. Or else you're into record and playback/stream at home territory. Not live. Look at the feeds on Periscope. Their quality is massively variable with lots of dropout, freezing, bad connections, etc. And VR will have way higher upstream requirements ...)



Guys, you need to stop posting bounty questions in here, post them in the bounty thread.

THIS!!!

ABSOLUTELY THIS!!!

Without all the bounty shitposts, I reckon this ANN would be about 10 pages at most.  Angry
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July 25, 2017, 05:11:53 PM
 #1016

Will there be another ICO for the Specs token or we will only be able to buy them on the Spectiv platform?

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    Decentralized Marketing and Advertising Platform    
[] Ease of use and Flexibility [] Excellent value proposition [] Data privacy and security
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July 25, 2017, 05:13:49 PM
 #1017

Will there be another ICO for the Specs token or we will only be able to buy them on the Spectiv platform?

What do you mean another ico? The ico has not started yet, and it will be possibly on mid september 2017 as far as I know. We will buy tokens during spectiv VR ico.

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July 25, 2017, 05:21:47 PM
 #1018

Will there be another ICO for the Specs token or we will only be able to buy them on the Spectiv platform?

From the white paper: "The total number of Sigs created will depend on how many are sold during the crowdsale period."

So, to me, I read that as none will be created after the ICO. If they are, I don't see the methodology behind it in the white paper anywhere. The cap on the crowdsale is $40m. So with a fixed price of $0.50 per SIG, I assume the maximum that can ever exist is 80m. Less if the crowdsale does not reach it's cap.
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July 25, 2017, 05:28:15 PM
 #1019

I read and translate the whitepaper.
That's cool!
Now all the participants in the project win.
I now understand the economics of attention. "
Good luck!

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July 25, 2017, 05:35:35 PM
 #1020

Will there be another ICO for the Specs token or we will only be able to buy them on the Spectiv platform?

What do you mean another ico? The ico has not started yet, and it will be possibly on mid september 2017 as far as I know. We will buy tokens during spectiv VR ico.

There is no other ICO or retail related to Spectiv. As informed above, the next month should start tokensale. Then after ICO will be listed where it will be available for purchase

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The 1st Algorithmic
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Crypto-asset Manager
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10 October
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