1c0_CM (OP)
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July 11, 2017, 08:24:47 PM |
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1c0_CM (OP)
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July 12, 2017, 12:10:34 PM |
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OnTheMoon
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July 13, 2017, 09:59:38 PM |
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While you think about this Encrypgen ico may already be over. Why did not you want to take into account the experience of other successful projects? The vast majority of projects carry out advertising campaigns here and in social networks. |
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1c0_CM (OP)
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July 14, 2017, 09:13:29 AM |
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While you think about this Encrypgen ico may already be over. Why did not you want to take into account the experience of other successful projects? The vast majority of projects carry out advertising campaigns here and in social networks. Because not everyone has a big marketing budget to start with, or prefers to spend the money on developing the product instead  |
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DRPD
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July 14, 2017, 09:35:35 AM |
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may a ask you what you do if the ico traget of 1000BTC will not be reached? i believe in this project and i like how the ico is handled (with "saft" and stuff  ) keep it on! |
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cryptaxo
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July 14, 2017, 09:37:42 AM |
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hi, if need Chinese translation let me know, I will also maintain Chinese thread with updates and replies. I can also start threads in other Chinese websites on this topic. please PM if interested.
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1c0_CM (OP)
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July 14, 2017, 09:40:59 AM |
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may a ask you what you do if the ico traget of 1000BTC will not be reached? i believe in this project and i like how the ico is handled (with "saft" and stuff ) keep it on! Either way, Encrypgen will move forward with the project. There are many interested clients already in the sales pipeline for the nodes, and as soon as they can it will be listed on exchanges. |
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DRPD
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July 14, 2017, 09:46:10 AM |
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may a ask you what you do if the ico traget of 1000BTC will not be reached? i believe in this project and i like how the ico is handled (with "saft" and stuff ) keep it on! Either way, Encrypgen will move forward with the project. There are many interested clients already in the sales pipeline for the nodes, and as soon as they can it will be listed on exchanges. cool & thanks for your answer! go Encrypgen go  |
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1c0_CM (OP)
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July 14, 2017, 09:51:37 AM |
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may a ask you what you do if the ico traget of 1000BTC will not be reached? i believe in this project and i like how the ico is handled (with "saft" and stuff ) keep it on! Either way, Encrypgen will move forward with the project. There are many interested clients already in the sales pipeline for the nodes, and as soon as they can it will be listed on exchanges. cool & thanks for your answer! go Encrypgen go Thanks for your support!  |
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.cryptic.
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July 14, 2017, 09:56:36 AM |
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may a ask you what you do if the ico traget of 1000BTC will not be reached? i believe in this project and i like how the ico is handled (with "saft" and stuff ) keep it on! Either way, Encrypgen will move forward with the project. There are many interested clients already in the sales pipeline for the nodes, and as soon as they can it will be listed on exchanges. What will happen to the unsold coins in this case? Will they be destroyed or distributed to the existing token holders? |
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1c0_CM (OP)
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July 14, 2017, 10:08:27 AM |
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may a ask you what you do if the ico traget of 1000BTC will not be reached? i believe in this project and i like how the ico is handled (with "saft" and stuff ) keep it on! Either way, Encrypgen will move forward with the project. There are many interested clients already in the sales pipeline for the nodes, and as soon as they can it will be listed on exchanges. What will happen to the unsold coins in this case? Will they be destroyed or distributed to the existing token holders? Tokens are issued to those who've paid for them, according to a SAFT agreement, including any bonuses. Coins will be issued later against the tokens including bonuses and any distributions to the team. The details of this are on the token sale page ( www.ico.encrypgen.com) . Buyers will be invited to redeem coins with their tokens. Unpurchased tokens will not be distributed. The full amount 1000BTC worth is a cap. It is not essential to reach it for issuing and also not for development. Encrypgen already has sales in the pipeline and a working demo, this ICO raise is only to make things go a bit faster That's what makes this an interesting investment! |
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.cryptic.
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July 14, 2017, 10:16:19 AM |
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may a ask you what you do if the ico traget of 1000BTC will not be reached? i believe in this project and i like how the ico is handled (with "saft" and stuff ) keep it on! Either way, Encrypgen will move forward with the project. There are many interested clients already in the sales pipeline for the nodes, and as soon as they can it will be listed on exchanges. What will happen to the unsold coins in this case? Will they be destroyed or distributed to the existing token holders? Tokens are issued to those who've paid for them, according to a SAFT agreement, including any bonuses. Coins will be issued later against the tokens including bonuses and any distributions to the team. The details of this are on the token sale page ( www.ico.encrypgen.com) . Buyers will be invited to redeem coins with their tokens. Unpurchased tokens will not be distributed. The full amount 1000BTC worth is a cap. It is not essential to reach it for issuing and also not for development. Encrypgen already has sales in the pipeline and a working demo, this ICO raise is only to make things go a bit faster That's what makes this an interesting investment! So there is 80 million coin for sale and if you manage to raise 600BTC, then only 48 million coins are sold for 600BTC. What happens to the remaining 32 million coins. ]Your team just take ownership of it? |
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1c0_CM (OP)
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July 14, 2017, 11:35:38 AM |
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may a ask you what you do if the ico traget of 1000BTC will not be reached? i believe in this project and i like how the ico is handled (with "saft" and stuff ) keep it on! Either way, Encrypgen will move forward with the project. There are many interested clients already in the sales pipeline for the nodes, and as soon as they can it will be listed on exchanges. What will happen to the unsold coins in this case? Will they be destroyed or distributed to the existing token holders? Tokens are issued to those who've paid for them, according to a SAFT agreement, including any bonuses. Coins will be issued later against the tokens including bonuses and any distributions to the team. The details of this are on the token sale page ( www.ico.encrypgen.com) . Buyers will be invited to redeem coins with their tokens. Unpurchased tokens will not be distributed. The full amount 1000BTC worth is a cap. It is not essential to reach it for issuing and also not for development. Encrypgen already has sales in the pipeline and a working demo, this ICO raise is only to make things go a bit faster That's what makes this an interesting investment! So there is 80 million coin for sale and if you manage to raise 600BTC, then only 48 million coins are sold for 600BTC. What happens to the remaining 32 million coins. ]Your team just take ownership of it? The remaining 32 million coins will be sold later, either on the exchanges or customers who buy the product. The team will not assign them to themselves. They have created 100m coins and Multichain assets cannot be destroyed once created. |
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.cryptic.
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July 14, 2017, 05:15:54 PM |
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The remaining 32 million coins will be sold later, either on the exchanges or customers who buy the product. The team will not assign them to themselves. They have created 100m coins and Multichain assets cannot be destroyed once created.
If you still keep 32million for selling to new users who buy the product, how would it increase the value of the token for the existing holders? Does it mean that the existing holders have to wait until you sold all your 32million coins before they see any increase in their investment. Why cant you distribute the 32million coins to the existing token holders? |
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OnTheMoon
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July 14, 2017, 09:38:41 PM |
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The remaining 32 million coins will be sold later, either on the exchanges or customers who buy the product. The team will not assign them to themselves. They have created 100m coins and Multichain assets cannot be destroyed once created.
If you still keep 32million for selling to new users who buy the product, how would it increase the value of the token for the existing holders? Does it mean that the existing holders have to wait until you sold all your 32million coins before they see any increase in their investment. Why cant you distribute the 32million coins to the existing token holders? I agree with this point of view, many project do this, look on Crypviser, they distributed all unsold coins proportionally among the ico participants. I see that Encrypgen devs change their conditions during the ico, at first they said that they would return the funds to the participants, if the necessary amount would not be collected. |
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1c0_CM (OP)
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July 15, 2017, 09:19:39 AM |
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The remaining 32 million coins will be sold later, either on the exchanges or customers who buy the product. The team will not assign them to themselves. They have created 100m coins and Multichain assets cannot be destroyed once created.
If you still keep 32million for selling to new users who buy the product, how would it increase the value of the token for the existing holders? Does it mean that the existing holders have to wait until you sold all your 32million coins before they see any increase in their investment. Why cant you distribute the 32million coins to the existing token holders? The value of the coins increases by demand for it, like any crypto currency. As the coins are used for buying Encrypgen services, like licensing and running research nodes, the customers will have to buy the coins off either exchanges or from Encrypgen directly. However, it's in the best interest of Encrypgen to keep the value of the coin as high as possible because exactly of the services paid with them. They will therefor only sell the remaining coins above market value and in small batches to not sink the price. As the unsold tokens/coins will not enter the market, it is defacto the same as if they were being destroyed. If the unsold coins would be distributed at ICO end, it would also lower the value of the coin because of dilution. Crypviser has a totally different product as Encrypgen, and markets to a different crowd. It might make sense for them to do it this way, but for Encrypgen it would not make sense at all. Things working for one ICO does not mean necessarily that it works across the board for all of them, that's why you should do your own research |
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.cryptic.
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July 15, 2017, 09:32:30 AM
Last edit: July 15, 2017, 09:42:34 AM by .cryptic. |
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The remaining 32 million coins will be sold later, either on the exchanges or customers who buy the product. The team will not assign them to themselves. They have created 100m coins and Multichain assets cannot be destroyed once created.
If you still keep 32million for selling to new users who buy the product, how would it increase the value of the token for the existing holders? Does it mean that the existing holders have to wait until you sold all your 32million coins before they see any increase in their investment. Why cant you distribute the 32million coins to the existing token holders? The value of the coins increases by demand for it, like any crypto currency. As the coins are used for buying Encrypgen services, like licensing and running research nodes, the customers will have to buy the coins off either exchanges or from Encrypgen directly. However, it's in the best interest of Encrypgen to keep the value of the coin as high as possible because exactly of the services paid with them. They will therefor only sell the remaining coins above market value and in small batches to not sink the price. As the unsold tokens/coins will not enter the market, it is defacto the same as if they were being destroyed. If the unsold coins would be distributed at ICO end, it would also lower the value of the coin because of dilution. Crypviser has a totally different product as Encrypgen, and markets to a different crowd. It might make sense for them to do it this way, but for Encrypgen it would not make sense at all. Things working for one ICO does not mean necessarily that it works across the board for all of them, that's why you should do your own research I dont completely agree with it. The problem is having 32million coins with the dev team in addition to the 10 million they already hold would make any investor nervous as there is chance of dump of the 42mill coins to the market any time if things dont exactly go north. Keeping the coins with the dev team for later selling will not increase the value of the token for existing investors. |
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.cryptic.
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July 15, 2017, 09:34:37 AM |
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I have been in this space for a while and its common practice either to redistribute or burn the excess coin, if the targets are not met.
Since you have done enough research,
please give me couple of examples of coins for which the dev team kept the unsold coins after the ICO.
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lewicai
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July 15, 2017, 09:44:10 AM |
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Dev when open bounty social media? I want try join bounty
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