Obsidian ODN - CryptoCurrency & Secure Anonymous Messaging

[drnash85]

Hello,

I have few questions:

1. Do you have roadmap with dates?

2. What do you mean by "decentralisation of the messenger's storage"? Each node will contain whole log?

3. What is the purpose of the coin?

Thanks in advance

Have you read the white paper? https://obsidianplatform.com

[whitehatrigs]

So according to their white paper, 15% of the coins will go to the core team. This sounds like quite a lot? But I am not experienced in ICOs

Moreover, there is also the following statement:
"50% of the final amount raised in the ICO will be divided into two escrow accounts:
• 30% will be used for advertising, marketing, developers, daily operational costs of the
company and similar expenses. This will also include a monthly salary for the core and 2nd
tier members of the team.
• 20% will be kept as company assets, for ensuing compliance with all the appropriate
regulatory agencies.
• The remaining amount will be divided between the core founding members."

What does this mean? How much will the "remaining amount" be? If I read this correctly, the remaining amount of 50%, after 30% and 20% has been used, is...0%?

You need to read that again lol, 50% of the funds will split as follows 30% and 20%, so there is 50% left!

"• The remaining amount will be divided between the core founding members."

Either remaining 50% will be divided between the core founding members, or the person who wrote this text never heard of Mathematics.

I don't know which one is worse...

[kurret]

So according to their white paper, 15% of the coins will go to the core team. This sounds like quite a lot? But I am not experienced in ICOs

Moreover, there is also the following statement:
"50% of the final amount raised in the ICO will be divided into two escrow accounts:
• 30% will be used for advertising, marketing, developers, daily operational costs of the
company and similar expenses. This will also include a monthly salary for the core and 2nd
tier members of the team.
• 20% will be kept as company assets, for ensuing compliance with all the appropriate
regulatory agencies.
• The remaining amount will be divided between the core founding members."

What does this mean? How much will the "remaining amount" be? If I read this correctly, the remaining amount of 50%, after 30% and 20% has been used, is...0%?

You need to read that again lol, 50% of the funds will split as follows 30% and 20%, so there is 50% left!

"• The remaining amount will be divided between the core founding members."

Either remaining 50% will be divided between the core founding members, or the person who wrote this text never heard of Mathematics.

I don't know which one is worse...

Yeah if that is the case, or even if it is 50% of the 50%, it is a huge amount of money that just goes directly to the founders and not to continuous development of this project. I already regret participating in this ICO, luckily I did not buy much. But we will see, maybe it will all work out fine anyway.

[whitehatrigs]

I also participated but would like to hear an official version and clarification.

[ijl53]

I skimmed the white paper and noticed that there wasnt a finite supply of tokens? what will the inflation rate be? i was thinking of buying a masternode's worth but if the coins are set to lose value over time like fiat then why participate? I really liked the whole idea behind this but buying so much of something that will mathematically be devalued is a stretch? It might be better for me to play the waiting game and buy later on when the price is even less...

[ijl53]

Any info before this thing ends?

[adhitthana]

Can anyone give any insight into why Stratis was chosen for the base?

[Sagemark]

I also participated but would like to hear an official version and clarification.

To clarify here's a much more clearly stated and streamlined version of the WP numbers:

50% of the raised funds will be distributed to the core team for work rendered + ongoing development. Comparatively to most ICO's this is a fairly small number, considering the size of the team. These funds will be distributed immediately after ICO but as stated will account for future development and thus do not simply get wiped from the coins growth potential.

The other 50% will be retained (possibly in escrow) for advertising, marketing, developers, daily operational costs of the company, compliance, and other similar expenses necessary to further the future of the coin in value and functionality. This could also include a monthly salary for the core and 2nd tier members of the team. (Mainly for 2nd tier devs as the core team already receives distribution from the first 50%). That said, the use of this part of the fund is not yet fully determined as it will be utilized in a "as per need" basis.

[Sagemark]

Can anyone give any insight into why Stratis was chosen for the base?

Stratis was chosen as the OSM app was already built in C#. It made the most sense and we believe that ease of access will further help Obsidian development growth.

[jezus]

Only hours left when ico ends.

[silencio25]

Hello,

I have few questions:

1. Do you have roadmap with dates?

2. What do you mean by "decentralisation of the messenger's storage"? Each node will contain whole log?

3. What is the purpose of the coin?

Thanks in advance

Have you read the white paper? https://obsidianplatform.com

Yes and there is no roadmap with dates.

[drnash85]

Hello,

I have few questions:

1. Do you have roadmap with dates?

2. What do you mean by "decentralisation of the messenger's storage"? Each node will contain whole log?

3. What is the purpose of the coin?

Thanks in advance

Have you read the white paper? https://obsidianplatform.com

Yes and there is no roadmap with dates.

Why give dates when we know dates are not guaranteed. Especially with programming software.

[Highryder]

The project looks very promising.
Does anybody know if ODN will be on any exchanges in the near future?

[Revelations86]

How long does it take for the amount of ODN tokens to display after you send ETH to the address they give you?   I just sent a test amount and its 30 minutes already and it doesn't show any ODN tokens.  Just want to make sure I am doing this correctly before I send my full amount.  I would appreciate a response asap as there is less than an hour left.

[Sagemark]

How long does it take for the amount of ODN tokens to display after you send ETH to the address they give you?   I just sent a test amount and its 30 minutes already and it doesn't show any ODN tokens.  Just want to make sure I am doing this correctly before I send my full amount.  I would appreciate a response asap as there is less than an hour left.

It could take upwards of an hour, sometimes more. That said once the transaction has confirmations your ODN are 100% secured, regardless of whether its on the website or not

[fuzzyd]

And the ICO is over. Congratulations to the Obsidian Team - I'll leave it for the OP to bring bitcointalk up to speed on the ICO results.

[9ndshvb]

And the ico is over !

Great to see 19.6 million coins sold.

Also feel free to join the subreddit:

https://www.reddit.com/r/ObsidianProject/

[citywok]

I made a dumb mistake.  I sent some ETH from my Binance exchange wallet to the Obsidian address assigned to me for the ICO.  Did I just loose my ETH?


0x9fe1b650c13d4192fc77c7e89540e51b4263f67c  address assigned by ICO


0xaBbc654a8D610507cE88785C6bd22bc6f74A000d   myetherwallet address I should of used   

[9ndshvb]

I made a dumb mistake.  I sent some ETH from my Binance exchange wallet to the Obsidian address assigned to me for the ICO.  Did I just loose my ETH?


0x9fe1b650c13d4192fc77c7e89540e51b4263f67c  address assigned by ICO


0xaBbc654a8D610507cE88785C6bd22bc6f74A000d   myetherwallet address I should of used   

Yes.


Haha just joking. This ico gave everyone a unique address that is bound with your email. So you can basicly send from any wallet, any exchange aslong as you send to the address the website gave you!

[andro hac]

congratulations to the team finishing ICO ,waiting for further development of the project