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Author Topic: [ANN] Royal Kingdom Enterprise ICO  (Read 8843 times)
RoyalKingdomEnterprise
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July 10, 2017, 02:04:38 PM
Last edit: July 29, 2017, 06:14:19 PM by mprep
 #1





Hello, BitcoinTalk!

We're glad to announce that Royal Kingdom Coin (ticker: RKC) is going to be available for purchase in roughly 8 hours.

You can follow the official website here: https://royalkingdomcoin.com, as well as see the countdown to the event.

ICO Structure

The rules (governed by the smart contract) are:

  • ICO starts on July 10, 2017 @ 23:00 GMT (+00) and continues for 30 days (24h periods);
  • RKC is governed by the ERC20-compatible smart contract on Ethereum blockchain, we will publish the link for direct acquisition soon;
  • RKC tokens can be acquired directly by sending ether to the smart contract, or using our VentureKingdom platform as a proxy;
  • There are 15 000 000 tokens in existence;
  • The available ICO pool is 18%;
  • The price is being determined dynamically by the smart contract algorithm and the activity on the contract. The more/quicker someone buys, the higher the price becomes. The contract is aiming high to make the end goal impossible so that people stop buying at some point, that's the intended outcome. When this happens, we will know the exact market valuation of the token, which is going to be discovered automatically by the algorithm and the market. And when the ICO closes, the rest (unbought tokens) is going to be distributed to all the token holders proportionally;
  • (Does not affect token holders with less than 1%) The major token holders' balances are locked to prevent quick dumping for any reason, if someone has more than 1%, this rule will be applied: from the date of the ICO, 5% of the total supply will be unlocked monthly;
  • (Only for big players) It's not possible to buy more than 1% of the supply in one transaction, your ether will automatically be returned to you, but the gas of the transaction will be swallowed by the miners, please be careful;
  • When the ICO ends, the transfers (and, naturally, the sale and the exchange) are unlocked;
  • On February the 1st, we pay the first premiums to the token holders and continue monthly. The premiums are going to be 50% of profit (revenue minus costs), and 50% will be reinvested back in the company. We will use the 50% of profit to buy more RKC off of the open market and then spread them proportionally as premiums.

Resources


How to buy directly from the smart contract:

If you are unfamiliar with this, you can buy RKC on our platform: VentureKingdom. But if you know how to do it, you can buy directly from the smart contract.

Official address of RKCToken contract is 0x6ccb56947ea1d6efdc81acfbacd8263ddfa9b202

Send the transaction directly to the contract or to the buy() method. You need to increase gas limit: recommended is 70000. You can see the price by querying "current_price_atto_tokens_per_wei" variable of the contract - it’s how many tokens you will receive per 1 ether. Do not send before the ICO is started (you can check the variable isICOStarted of the contract). Do not try to acquire more than 1% per 1 transaction.

Marketing




We were going to have this ICO as more of a private thing between people who already know us and want to fund our projects, so we're having an announcement a small time before the ICO opens. Anybody is welcome to participate though. Except for US citizens, sorry, you know the drill.

Please post here if you have any questions, or to ico@royalkingdomenterprise.com if your question is of a private nature.

Thanks.

Best,
Royal Kingdom Enterprise team.

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RoyalKingdomEnterprise
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July 10, 2017, 07:19:37 PM
 #2

Reserved

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July 10, 2017, 07:22:17 PM
 #3

Any bounty?
I want to join bounty for first time
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July 10, 2017, 07:49:09 PM
 #4

Any bounty?
I want to join bounty for first time
All information is on the site.
https://royalkingdomcoin.com/bounty/

.
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July 10, 2017, 11:01:12 PM
 #5

It's time.. but still can't buy
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July 10, 2017, 11:02:29 PM
 #6

Yea waiting

Edit: Postponed to tomorrow. Vneture Kingdom website says:

"" Dear future token holders,

    Royal Kingdom Enterprise officially announces that the opening of its ICO will be postponed to tomorrow, July 11, 2017 at 22h UTC (+00).

    For the reasons of taking responsibility for the users' funds this decision was made after finding a few important issues, which could hurt several
    participants.

    Nothing changes in relation to our project, proposals and the rules of ICO. The vision of our organization is tied to the commitment and responsibility to
    our clients, and we believe this is the best way to continue.

    We hope you understand.

    Wishing the best for you,
    Royal Kingdom Enterprise team. ""
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July 10, 2017, 11:04:17 PM
 #7

Come on! I want to buy
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July 10, 2017, 11:05:23 PM
 #8

Royal Kingdom Enterprise officially announces that the opening of its ICO will be postponed to tomorrow, July 11, 2017 at 22h UTC (+00).

For the reasons of taking responsibility for the users' funds this decision was made after finding a few important issues, which could hurt several participants.



-- Well, I am disappointed
RoyalKingdomEnterprise
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July 10, 2017, 11:05:49 PM
 #9

Dear future token holders,

Royal Kingdom Enterprise officially announces that the opening of its ICO will be postponed to tomorrow, July 11, 2017 at 22h UTC (+00).

For the reasons of taking responsibility for the users' funds this decision was made after finding a few important issues, which could hurt several participants.

Nothing changes in relation to our project, proposals and the rules of ICO. The vision of our organization is tied to the commitment and responsibility to our clients, and we believe this is the best way to continue.

We are sorry about the time you have spent before your devices waiting for the ICO to start and hope you understand.

Wishing the best for you,
Royal Kingdom Enterprise team.

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July 10, 2017, 11:06:55 PM
 #10

Dear future token holders,

Royal Kingdom Enterprise officially announces that the opening of its ICO will be postponed to tomorrow, July 11, 2017 at 22h UTC (+00).

For the reasons of taking responsibility for the users' funds this decision was made after finding a few important issues, which could hurt several participants.

Nothing changes in relation to our project, proposals and the rules of ICO. The vision of our organization is tied to the commitment and responsibility to our clients, and we believe this is the best way to continue.

We are sorry about the time you have spent before your devices waiting for the ICO to start and hope you understand.

Wishing the best for you,
Royal Kingdom Enterprise team.

Okay but I think everyone is waiting for an explanation. What issues?
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July 10, 2017, 11:12:36 PM
 #11

> Okay but I think everyone is waiting for an explanation. What issues?

Sorry, we are operating on a tight schedule right now, less than 23 hours to go. We'll explain in more details a bit later. The users' funds are all safe, please don't worry.

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July 10, 2017, 11:33:11 PM
 #12

Well, I actually am worried.. will see how it plays out
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July 11, 2017, 12:00:42 AM
 #13

Another coin from Dubai. Let's see how this one will change the blockchain tech in the ME.
Will watch this thread for more details.

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July 11, 2017, 12:58:37 PM
 #14

> Okay but I think everyone is waiting for an explanation. What issues?

Sorry, we are operating on a tight schedule right now, less than 23 hours to go. We'll explain in more details a bit later. The users' funds are all safe, please don't worry.

Still waiting for it..
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July 11, 2017, 02:38:40 PM
 #15

I think the number of team members is not enought to handle this tight schedule properly. I hope after gaining funds they hire too many capable person to team
Mihawk
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July 11, 2017, 05:34:10 PM
 #16

It's a very simple presentation, you might be able to reach the goal, but you need a more interesting and compelling presentation, who are you? Who is your team? Lately what you see in this forum is this kind of play.
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July 11, 2017, 09:10:08 PM
 #17

So, the issue was that Etherscan was not verifying our source code compiled by truffle. You can see this is still an actual problem: https://github.com/trufflesuite/truffle/issues/456. The smart contract without verifiable source code is useless.

So we compiled it manually and sent to blockchain, and now have the final version here: https://etherscan.io/address/0x6ccb56947ea1d6efdc81acfbacd8263ddfa9b202

We hope everything will be good from now on.

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July 11, 2017, 09:25:38 PM
 #18

not explain detail project this thread dev
and not open bounty signature campaign, signature campaign is above facebook campaign and twitter campaign, if you target the big crypto curency community and active in bitcointalk

iam see not found open bounty signature campaign https://royalkingdomcoin.com/bounty/

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July 11, 2017, 09:42:40 PM
 #19

not explain detail project this thread dev
and not open bounty signature campaign, signature campaign is above facebook campaign and twitter campaign, if you target the big crypto curency community and active in bitcointalk

iam see not found open bounty signature campaign https://royalkingdomcoin.com/bounty/

I think they better do but it is not obligatory to achieve success. Look at "tezos" bitcointalk ANN posts. We should ask what we wonder, our every questions should answered clearly. That is all needed. Do not need impressive full of pages post.
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July 11, 2017, 10:00:41 PM
 #20

Can't buy, I get an error
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