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Author Topic: [ANN][ICO] Spectiv: DECENTRALIZED VIRTUAL REALITY (OLD THREAD)  (Read 85870 times)
Mazt rhiezt
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July 24, 2017, 06:01:02 PM
 #801

ı thing most of bounty hunters left Spectiv. I hope this delay will make every thing better. I belive this.
Agree, I also believe spective will be successful because the team really work hard so no one is disappointed with extending ico is the right step.
Where everything should be properly prepared and profitable for all parties.

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July 24, 2017, 06:02:18 PM
 #802

How do investors make money by investing in this ICO? Can anyone give some suggestions..
I was told there will be a filter to block certain content. Is that correct?
Are you know what is ICOs crowdsale? If you not know can read more in: https://www.smithandcrown.com/what-is-an-ico/

It as a new type IPO and you will buy a token with cheap price + bonus program if investing pre-crowdsale, then waiting listed exchange and you can earning profit with high price than the price you bought from crowdsale. This is a simple define.

I think he means what the value of a token will be, and how the value of a token can increase over time.

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July 24, 2017, 06:13:19 PM
 #803

How do investors make money by investing in this ICO? Can anyone give some suggestions..
I was told there will be a filter to block certain content. Is that correct?
Are you know what is ICOs crowdsale? If you not know can read more in: https://www.smithandcrown.com/what-is-an-ico/

It as a new type IPO and you will buy a token with cheap price + bonus program if investing pre-crowdsale, then waiting listed exchange and you can earning profit with high price than the price you bought from crowdsale. This is a simple define.

I think he means what the value of a token will be, and how the value of a token can increase over time.

Yes he does.

I asked much the same thing.

Where is the revenue coming from?  Where is the value coming from? How is anyone going to make a good return on this?

I'm not seeing it. If the only (hoped for) revenue then simple ROI will be years off. If ever.
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July 24, 2017, 06:15:25 PM
 #804

Spectiv is a good project. I will invest in it.

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July 24, 2017, 06:15:47 PM
 #805

Hello, signature bounty manager, I have got prompted to senior member and I have updated my signature, I hope you can update my rank and give me the correct stakes when next post count.
Don't request bounty program in ANN thread, if you want manager update your rank, please write this request in Bounty Spectiv thread or PM manager, but I suggest should comment in bounty thread.

Bounty Thread: https://bitcointalk.org/index.php?topic=1975288

Having read this entire thread (to try and get some idea of technical details or a business plan) I would say 70%-80% is bounty hunter shitposts.

Doesn't do the thread any favours for those looking for detail....

*EDIT*

Just like the one directly above this.

It adds nothing. Pointless shitposts.
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July 24, 2017, 06:21:26 PM
 #806

Hello, signature bounty manager, I have got prompted to senior member and I have updated my signature, I hope you can update my rank and give me the correct stakes when next post count.
Don't request bounty program in ANN thread, if you want manager update your rank, please write this request in Bounty Spectiv thread or PM manager, but I suggest should comment in bounty thread.

Bounty Thread: https://bitcointalk.org/index.php?topic=1975288

Having read this entire thread (to try and get some idea of technical details or a business plan) I would say 70%-80% is bounty hunter shitposts.

Doesn't do the thread any favours for those looking for detail....

*EDIT*

Just like the one directly above this.

It adds nothing. Pointless shitposts.
Why would you read the whole thread to get some technical details. Go to the site or read the white paper in order to get some idea.

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July 24, 2017, 06:39:05 PM
 #807

Why would you read the whole thread to get some technical details. Go to the site or read the white paper in order to get some idea.

You think I didn't?

The white paper is vague and confusing. And contains some ludicrous numbers (such as people paying $100k for an ad on their site).

The website gives you nothing extra.

So in desperation, I waded through 40 pages of this thread. Which is why I know it contains so much shitposting.
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July 24, 2017, 06:43:27 PM
 #808

How do investors make money by investing in this ICO? Can anyone give some suggestions..
I was told there will be a filter to block certain content. Is that correct?
Are you know what is ICOs crowdsale? If you not know can read more in: https://www.smithandcrown.com/what-is-an-ico/

It as a new type IPO and you will buy a token with cheap price + bonus program if investing pre-crowdsale, then waiting listed exchange and you can earning profit with high price than the price you bought from crowdsale. This is a simple define.

I think he means what the value of a token will be, and how the value of a token can increase over time.

Yes he does.

I asked much the same thing.

Where is the revenue coming from?  Where is the value coming from? How is anyone going to make a good return on this?

I'm not seeing it. If the only (hoped for) revenue then simple ROI will be years off. If ever.

Increase of Signal Tokens value will be tied to platform growth (and whole VR industry). If the platform userbase will grow the demand for SIGs will also rise along with its value.

Why would you read the whole thread to get some technical details. Go to the site or read the white paper in order to get some idea.

You think I didn't?

The white paper is vague and confusing. And contains some ludicrous numbers (such as people paying $100k for an ad on their site).

The website gives you nothing extra.

So in desperation, I waded through 40 pages of this thread. Which is why I know it contains so much shitposting.

Unfortunately that is what happen when there is big bounty campaign.


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July 24, 2017, 07:02:09 PM
 #809

Increase of Signal Tokens value will be tied to platform growth (and whole VR industry).

This is why I asked the team to respond. Not a bounty hunter.

Why?

Why are they going to increase in value? Where is the revenue going to come from?

Adverts. That's it.

That's the answer the CEO gave in the YouTube interview I watched. (and linked to a couple of pages back)

And when the site launches, how many advertisers will it have? Zero. So, in effect, it will be worthless.

So, besides ignorant speculation (such as with Numeraire), where is value going to be added to the token without any money going into the business?

As I keep saying, I'm a VR enthusiast and early adopter. I actually WANT to like this project. But as a business venture, it leaves a lot to be desired.

The token itself has little to do with VR. And could be applied to other sites/ventures. (Again, straight from the CEO interview. His words, not mine.)
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July 24, 2017, 07:16:28 PM
 #810

Increase of Signal Tokens value will be tied to platform growth (and whole VR industry).

This is why I asked the team to respond. Not a bounty hunter.

Why?

Why are they going to increase in value? Where is the revenue going to come from?

Adverts. That's it.

That's the answer the CEO gave in the YouTube interview I watched. (and linked to a couple of pages back)

And when the site launches, how many advertisers will it have? Zero. So, in effect, it will be worthless.

So, besides ignorant speculation (such as with Numeraire), where is value going to be added to the token without any money going into the business?

As I keep saying, I'm a VR enthusiast and early adopter. I actually WANT to like this project. But as a business venture, it leaves a lot to be desired.

The token itself has little to do with VR. And could be applied to other sites/ventures. (Again, straight from the CEO interview. His words, not mine.)

I was refering to value of coin - more users = more curators want to use SIGs = more demand = more value. Revenue of the platform is whole another topic and I can agree with you that it's just plans for now. It needs time and userbase (again), so everthing comes to a point if people will be wanting to join and use the platform.


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July 24, 2017, 07:55:05 PM
 #811

Increase of Signal Tokens value will be tied to platform growth (and whole VR industry).

This is why I asked the team to respond. Not a bounty hunter.

Why?

Why are they going to increase in value? Where is the revenue going to come from?

Adverts. That's it.

That's the answer the CEO gave in the YouTube interview I watched. (and linked to a couple of pages back)

And when the site launches, how many advertisers will it have? Zero. So, in effect, it will be worthless.

So, besides ignorant speculation (such as with Numeraire), where is value going to be added to the token without any money going into the business?

As I keep saying, I'm a VR enthusiast and early adopter. I actually WANT to like this project. But as a business venture, it leaves a lot to be desired.

The token itself has little to do with VR. And could be applied to other sites/ventures. (Again, straight from the CEO interview. His words, not mine.)

We have no problem answering all your questions, at least it shows that you are interested in knowing what this project has to offer. I am going to address your questions in sections because they see to be about two main points: Revenue and Token Value.

1. Revenue
As you have mentioned, the main source of revenue for this project will be advertising revenue, as is the case with almost all other streaming platforms. Achieving this revenue is very reliant on bringing advertisers to the platform, which in the initial stages of the company is very difficult. We are working to get started on this process though; we have a meeting on Tuesday with another VR start-up called Immersv. Immersv is a start-up that works to connect advertisers to virtual reality platforms and apps, and they have received significant financial backing to do this. We hope to work with Immersv as a partner who can help us drive advertising revenue and grow that revenue as the platform grows. As a note, when we mention $100K in the whitepaper, it is not because we expect to receive that much money, it is just a nice clean number to use in an example. Do not take these examples as literal projections.

With everything mentioned above, one point that needs to be addressed is in regards to what our initial focus is. As counter-intuitive as it sounds, not all business are focused on revenue and profit (initially at least - long-term it is the goal). Companies such as Youtube, Snapchat, Facebook, Twitch all focused on growing their user-base in the early stages, even though it meant operating at a loss. When it comes to a streaming platform, such as Spectiv, our initial focus is not necessarily on being profitable, but is instead on achieving mass user adoption. Although we won't be profitable, we will be growing the overall value of our company and our token (explained in the next section). As we grow our user base, we will be able to drive advertising revenue to our platform at an exponential growth rate.

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.

3. Conclusion
  • Main source of revenue will be advertising, and we are working on setting up the initial infrastructure for that.
  • Our initial focus as a streaming platform is not profitability. Instead, it is exponentially expanding our user base.
  • If we are able to grow our user base in correlation with the growth of VR, then we will be able to start driving significant advertising revenue.
  • As a company, we will need significant early funding to provide us a 2-3 year runway of funds.
  • The value of Signal Tokens is not based on Spectiv profitability, but is based on signal generation profitability.
  • As the VR industry and the Spectiv platform grow, the value of generating a signal will grow at a similar rate.

If you have any further questions, feel free to post them in here or email us.  

Thanks for clearing this up, especially the revenue part. The most important goal in the initial stage of platform is getting userbase.


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July 24, 2017, 08:09:44 PM
 #812

This looks amazing

Thank you team spectiv

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July 24, 2017, 09:12:58 PM
 #813

I have seen on your twitter,example of advert created in VR tech,will you provide service like that,or will you partnership with company what will  exept create advert in VR exept Immersv what is connecting advertisers with vr platforms

Advert in VR tech looks really nice,it may be hot.hot

I guess VR will play mportant role in next US presidential campaigne


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CryptoRobert
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July 24, 2017, 11:36:33 PM
 #814

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."

I think the team should change this rule since it's not fair. It's not a matter of the bounty hunters being interested either in the project or in the reward, it's a matter of not changing the rules in the mid of the play or - if you have to change them - then doing all what it is necessary not to end up screwing anyone. Some bounty hunter could have decided to promote this project for a certain time, having in mind some other use for their signature after a certain date, or others just wouldn't like to put all their eggs in one basket - which is what you'd do if you support a single project for a very long time - if that project would fail, you'd have lost months of other opportunities, while working on many short projects means diversifying risks and opportunities.
So if the rules have been changed the team should give the chance to anyone to leave without losing their little stake which they have earned till that moment. Of course, it's also advisable that the team raises the bounties proportionally with the rise of the campaign duration, since the value of the ICO doesn't necessarily increase by happening later. If people would wear the signature for twice the time declared initially and then get the same reward of a shorter campaign, they would simply have been given half of the promised money - which basically would be cheating.
I am really intrigued by this project and I see all its potential, and I'm totally into futuristic visions too, so I'm not saying that I will necessarily leave this campaign. But the choice must be given to everyone since what people have agreed on is apparently not any more valid in the same original terms.

               SpectivVR                                                           Crowdsale: 12/08 - 12/29
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anu
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July 25, 2017, 06:19:37 AM
 #815

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.


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●  Whitepaper
●  ANN Thread
●  Reddit
●  Telegram
●  Twitter
●  Facebook

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gedor
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July 25, 2017, 06:26:19 AM
 #816

Really different project, rather than a investment I want to see this project being developed so hope it will raised needed amount of money.

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July 25, 2017, 06:39:13 AM
 #817

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
 #818

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
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aimer1488
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July 25, 2017, 09:16:33 AM
 #819

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
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July 25, 2017, 10:27:36 AM
 #820

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

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