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Author Topic: [ANN][ICO] Spectiv: DECENTRALIZED VIRTUAL REALITY (OLD THREAD)  (Read 81136 times)
MaxMuze
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June 22, 2017, 10:12:14 PM
 #101

Another ICO going for bust. Your valuation is extremely inflated, you're asking us to pay almost a dollar per token for a concept that is on paper Huh

The crucial elements that need to be secured for the platform to work will only be secured after the ICO, come on.... this smells like a get rich scheme. Not to say you will not try to deliver a product but if your post ICO negotiations like licensing do not come together, I doubt you will be returning any tokens... Grin

495 000 ETH at today's price values your "IDEA" (let's be honest that's all it is) at $139 000 000... why do you need that much money?

FOMO is not worth that much cash in the hands of Internet strangers... these kind of ICOs will bring about the bubble pop we all dread...



Not sure what you're basing your statements on, but we are not asking for $1 per token, our tokens are price at roughly an average of $.20 per token. Also, we are not trying to raise 495,000Eth, we are raising 45,000Eth.

On that note, please take a look at our use of funds. Starting a business, especially a tech company, in an emerging market is a cash intensive project. The costs of development, marketing, user acquisition, and general start-up costs easily justify the amount we are looking to raise. Please read the whitepaper and gather the correct facts before making a judgement.

If there is a typo though, and it does say 495,000Eth somewhere, please let us know.

Fair enough 8 made an error in calculating and added one zero too many to your coin ask.

However this does not take away that you are still trying to raise $14million for this ICO based on an idea. Also you are planning to hold onto $60million token which if valued the same will be worth $9.6 million. So all in all you will,be potentially in charge of $23.6million... Let's be honest you hope to have operational costs in the future, your negotiations for licensing could stall or hit a wall... what then? Will you return the money...? Nope doubt it.

I don't mean to piss on your ICO but like I said, such greed and money grabbing attempts will make crypto seem like a sham and cause a bubble. If you fail to deliver a working product this will be called a scam. Personally as an investor I would invested if you had your ICO a bit further down your road map when more critical elements of the platform were in the bag. But even then how would I know I can trust your info.

So FOMO will not guide me here...

Given that this ICO bubble will not stop, I hope one day people who do not deliver on their promise will be brought to book and forced to return the funds they collected. After all they are all written to the block chain  Smiley
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June 22, 2017, 11:45:52 PM
 #102

Note:

An earlier whitepaper draft outlined that we were soliciting legal counsel from Jose Ancer at MEMN. Jose and the firm did a great job in helping us establish Spectiv as a Delaware LLC, however we have mutually decided that it may not be the best fit for us as we move forward with the platform.

We are now in discussions with a major international legal firm that has more experience in the VR and crypto spaces. We will announce this firm when we have finalized our terms with their team. We will be updating the whitepaper tonight to reflect this change.

Look forward to an updated whitepaper link in our bounty signatures. We will announce this later tonight.

               SpectivVR                                                           Crowdsale: 12/08 - 12/29
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June 23, 2017, 01:08:05 AM
 #103

Fair enough 8 made an error in calculating and added one zero too many to your coin ask.

However this does not take away that you are still trying to raise $14million for this ICO based on an idea. Also you are planning to hold onto $60million token which if valued the same will be worth $9.6 million. So all in all you will,be potentially in charge of $23.6million... Let's be honest you hope to have operational costs in the future, your negotiations for licensing could stall or hit a wall... what then? Will you return the money...? Nope doubt it.

I don't mean to piss on your ICO but like I said, such greed and money grabbing attempts will make crypto seem like a sham and cause a bubble. If you fail to deliver a working product this will be called a scam. Personally as an investor I would invested if you had your ICO a bit further down your road map when more critical elements of the platform were in the bag. But even then how would I know I can trust your info.

So FOMO will not guide me here...

Given that this ICO bubble will not stop, I hope one day people who do not deliver on their promise will be brought to book and forced to return the funds they collected. After all they are all written to the block chain  Smiley

Thanks for the commentary - your concerns are valid and may be shared by others evaluating different projects.

First and foremost, there is risk associated to ICOs. It is possible that market participants could buy token for a platform which never meets the expectations it set. This is an important point and we are happy people in the community like you are challenging it to make the blockchain a better environment with higher standards. However, this can sometimes serve as a distraction from the bigger picture.

On behalf of the Spectiv team, we believe ICOs give the average person the opportunity to take part in the success of something bigger than them, with the added security of blockchain technology. This is a powerful innovation.

To your point, some of the platforms that utilize this innovation will fail in the future. This is the nature of startups and is a characteristic that will never change. As experienced entrepreneurs, we understand this better than most.

With that said, one must also appreciate that a number of the platforms issuing tokens today will succeed in executing their projects and that some will even achieve major mainstream global adoption. In these cases, token purchasers stand to benefit greatly. This is our mission.

Ultimately, it is the responsibility of market participants to use their better judgement in deciding which projects they choose to support. You priced our project at a lower valuation than what is implied by our max cap - that is your speculative opinion and you are entitled to it. However, the aggregate market will have the final say in Spectiv's valuation. We have a clear and concise vision for the future and it is our objective to help the community see that vision and give them an opportunity to take part in it.

We encourage market participants to evaluate a blend of factors before deciding to buy token in a project; the product, the token's utility, the team, technical overview, state of progress, etc. In evaluating Spectiv, we hope market participants visit our website and take a close look at our team, our strong entrepreneurial background, and our history working together on successful projects. Look us up on Google, LinkedIn, or YouTube.

We are confident that the market will accurately price our project for its true value and hope that SIG purchasers are equally as excited about the future of virtual reality as we are. We look forward to updating you all on new developments, partnerships, and sponsorships leading up to the crowdsale. Keep an eye out for us, Max!

               SpectivVR                                                           Crowdsale: 12/08 - 12/29
VR Streaming Platform & Attention Markets                    [ Website ]
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June 23, 2017, 06:02:50 AM
 #104

Just commented in the bounty thread with a couple questions. I wanted to come post in the main thread though too. This project looks very interesting, and the team seems to be very smart business people. I think this project needs more support, but it only posted a couple days ago. I'm a big fan of VR too, so that makes me really interested. I do have a couple questions though:

1. Who is actually developing the token and the smart contract? I couldn't find it on your post.
2. How are you working with your Escrow people? It just has one listed, but no information.
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June 23, 2017, 06:25:35 AM
 #105

Fair enough 8 made an error in calculating and added one zero too many to your coin ask.

However this does not take away that you are still trying to raise $14million for this ICO based on an idea. Also you are planning to hold onto $60million token which if valued the same will be worth $9.6 million. So all in all you will,be potentially in charge of $23.6million... Let's be honest you hope to have operational costs in the future, your negotiations for licensing could stall or hit a wall... what then? Will you return the money...? Nope doubt it.

I don't mean to piss on your ICO but like I said, such greed and money grabbing attempts will make crypto seem like a sham and cause a bubble. If you fail to deliver a working product this will be called a scam. Personally as an investor I would invested if you had your ICO a bit further down your road map when more critical elements of the platform were in the bag. But even then how would I know I can trust your info.

So FOMO will not guide me here...

Given that this ICO bubble will not stop, I hope one day people who do not deliver on their promise will be brought to book and forced to return the funds they collected. After all they are all written to the block chain  Smiley

Thanks for the commentary - your concerns are valid and may be shared by others evaluating different projects.

First and foremost, there is risk associated to ICOs. It is possible that market participants could buy token for a platform which never meets the expectations it set. This is an important point and we are happy people in the community like you are challenging it to make the blockchain a better environment with higher standards. However, this can sometimes serve as a distraction from the bigger picture.

On behalf of the Spectiv team, we believe ICOs give the average person the opportunity to take part in the success of something bigger than them, with the added security of blockchain technology. This is a powerful innovation.

To your point, some of the platforms that utilize this innovation will fail in the future. This is the nature of startups and is a characteristic that will never change. As experienced entrepreneurs, we understand this better than most.

With that said, one must also appreciate that a number of the platforms issuing tokens today will succeed in executing their projects and that some will even achieve major mainstream global adoption. In these cases, token purchasers stand to benefit greatly. This is our mission.

Ultimately, it is the responsibility of market participants to use their better judgement in deciding which projects they choose to support. You priced our project at a lower valuation than what is implied by our max cap - that is your speculative opinion and you are entitled to it. However, the aggregate market will have the final say in Spectiv's valuation. We have a clear and concise vision for the future and it is our objective to help the community see that vision and give them an opportunity to take part in it.

We encourage market participants to evaluate a blend of factors before deciding to buy token in a project; the product, the token's utility, the team, technical overview, state of progress, etc. In evaluating Spectiv, we hope market participants visit our website and take a close look at our team, our strong entrepreneurial background, and our history working together on successful projects. Look us up on Google, LinkedIn, or YouTube.

We are confident that the market will accurately price our project for its true value and hope that SIG purchasers are equally as excited about the future of virtual reality as we are. We look forward to updating you all on new developments, partnerships, and sponsorships leading up to the crowdsale. Keep an eye out for us, Max!


So impressive to see how the thought the Spectiv team has put into this. I agree that a lot of crypto fail, but I see big thing for Spectiv! I am sure to keep following as long as the team keeps involved. So many translations too, do you have a Chinese translation coming?
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June 23, 2017, 06:58:15 AM
 #106

Just commented in the bounty thread with a couple questions. I wanted to come post in the main thread though too. This project looks very interesting, and the team seems to be very smart business people. I think this project needs more support, but it only posted a couple days ago. I'm a big fan of VR too, so that makes me really interested. I do have a couple questions though:

1. Who is actually developing the token and the smart contract? I couldn't find it on your post.
2. How are you working with your Escrow people? It just has one listed, but no information.

Thanks for comments!

The main team member who will be working on the smart contract will be Bryn. He is our primary Ethereum developer and has experience working within crypto startups. As for our escrow, we will have information about our escrow agents and how they will manage the funds coming soon. Expect that update within the next week.

               SpectivVR                                                           Crowdsale: 12/08 - 12/29
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June 23, 2017, 07:05:37 AM
 #107

SpectivVR, can you please confirm my reservation of the German ANN translation so that I can get started? Thank you.

"Jurgen is a top quality translator with great expertise in cryptocurrencies and ICO promotion." - RootProject
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June 23, 2017, 07:38:05 AM
 #108

SpectivVR, can you please confirm my reservation of the German ANN translation so that I can get started? Thank you.

It looks like you have not signed up for the translations campaign, sign up here: https://goo.gl/forms/VSrq1buC4Sd8bTCR2

Once you fill out the application, we will message you if we are interested. Thank you!

               SpectivVR                                                           Crowdsale: 12/08 - 12/29
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June 23, 2017, 09:55:11 AM
 #109

Hello. I have a question. I can't fill in the form because of my rank on bitcointalk. But I already have good facebook and twitter page. can you add Newbie to the form for facebook and twitter? Thank you.

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June 23, 2017, 10:38:49 AM
 #110

Hello. I have a question. I can't fill in the form because of my rank on bitcointalk. But I already have good facebook and twitter page. can you add Newbie to the form for facebook and twitter? Thank you.

I apologize, but we are not accepting newbie accounts for any of the bounty campaigns. This helps us limit people creating fake accounts just to receive payout from bounty. The bounty still has over 10 weeks left though, so you should be able to participate before it is over.

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June 23, 2017, 10:43:37 AM
 #111

As announced earlier today, we have had to revise the signatures to account for the changes to the whitepaper. If you are participating in the signature campaign currently, please update your signature with the new signatures that we have on the main bounty post.

               SpectivVR                                                           Crowdsale: 12/08 - 12/29
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Proof-of-Asset Protocol


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June 23, 2017, 11:56:04 AM
 #112

Does it say anywhere what is the minimum amount for the ico? Thinking.


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$1,5 M
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June 23, 2017, 02:19:51 PM
 #113

I joined signature campaign and I believe this coin will be successful. There is a gap for VR market in crypto currency business, they will fill that gap. Very promising idea and enthusiastic team members, that's the winning formula.


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June 23, 2017, 02:28:13 PM
 #114

Does it say anywhere what is the minimum amount for the ico? Thinking.



Currently, we are working on determining our minimum amount needed and working to come to a decision on what our most immediate goals will be. Expect this information to be added within 7 days.

               SpectivVR                                                           Crowdsale: 12/08 - 12/29
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June 23, 2017, 03:38:10 PM
 #115

Is there any information regarding max/total supply of SPECT?
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June 23, 2017, 06:21:50 PM
 #116

such a great project with a brand new idea, not mainstream like the other  Grin little dissapointed because not qualified for bounty, but that's fine, i will noted this one for the ico, cool !

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June 23, 2017, 06:32:25 PM
 #117

Is there any information regarding max/total supply of SPECT?

The max total supply is 150M Signal Tokens (Sigs). This supply will be created if the crowdsale raises its max amount, 45000Eth

               SpectivVR                                                           Crowdsale: 12/08 - 12/29
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June 23, 2017, 08:31:21 PM
 #118

such a great project with a brand new idea, not mainstream like the other  Grin little dissapointed because not qualified for bounty, but that's fine, i will noted this one for the ico, cool !

Thanks for your support! You do qualify for the social media bounty, so feel free to go join those! When you rank raises to member, you can join the signature campaign too!

Spectiv VR (https://Spectivvr.com)
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Spectiv Crowdsale: December 8th


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June 23, 2017, 08:43:08 PM
 #119

 

At the most fundamental level, we are implementing an escrow that will oversee and regulate release of funds – all crowdsale funds will be received to a multisig wallet controlled by 3 independent actors:


1. CoinVault ATM CEO, Sheldon Weisfeld
2. Coming soon
3. Spectiv Virtual Reality, LLC.


                             

Funds received through crowdsale will be locked in the multisig escrow wallet until Sig tokens have been adequately distributed to all buyers. Once Sigs have been distributed, escrow actors will be able to approve the first release of funds. These funds will be unlocked evenly over three separate disbursements, contingent on the achievement of predetermined milestones and subsequent escrow approval. The disbursement schedule is outlined here:

The first 1⁄3 of funds will be released to Spectiv immediately following the distribution of Sigs purchased through crowdsale. These funds will be converted to USD as soon as they are released from the escrow wallet. They will be used to cover further development expenses and initial marketing efforts – specifically in driving exciting, high quality VR content to the site. These funds will also be used to setup the general business operations such as setting up the infrastructure of our company, including employees, offices, etc.

The following 1⁄3 of funds will be released and converted upon launch of the platform beta. These funds will be used to fuel the next stage of development and expansion. This will include optimizing platform architecture, proactive efforts to build user base, and reaching licensing agreements with mainstream organizations to broadcast popular events.

The final 1⁄3 of funds will be released and converted upon the end of beta and official announcement of the Spectiv platform launch. These funds will support targeted online marketing efforts and platform maintenance expenses.



               SpectivVR                                                           Crowdsale: 12/08 - 12/29
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June 23, 2017, 08:58:10 PM
 #120

Hi
Very interesting project.I am going to join your sig and twitter campaigne.Still i have some eth waiting to invest something worth to invest
You have very good designer


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