[ANN][ICO] Dmarket - the worlds first decentralized, cross-game marketplace.

[CYPER]

Hi! Thanks for the questions.
We don’t use the smart contract technology on the first stage. We have developed our own service which
allows us to process incoming transactions from different blockchains because smart contracts at Ethereum
can’t control transactions on bitcoin blockchain. The decision to develop our service can be supported by
the fact that the software used on the main computer has been developed for decades, while the Ethereum
smart contracts appeared only a couple years ago.
2. Our service is monitoring all incoming transactions to our accounts. The service accrues tokens to the
contributors’ accounts and saves this in the database according to the token sale policy, as described on our
landing page. The contributors can see the amount of accrued tokens on their profile pages. If a contributor
would like to check the accuracy of the token accrual, they can compare the correctness of the calculations
with the information from the blockchain. In this case, the blockchain is the source of the primary data.
4. The service described above also helps us check every transaction twice before sending the tokens and
therefore ensure the safety of gathered tokens. All transactions done by the rules of the service will be
taken into account in full.
5. At that, we are planning on using a simplified smart-contract based on the OpenZeppelin framework (see
GitHub V2) at the end of the second stage of the token sale, which will allow us to solve two main issues:
1) Implementation of the ERC20 interface, which will allow trading our tokens on the external stock
markets.
2) Accrual of the tokens bought by contributors to their wallets using the smart contract feature.
As a result, the combination of our service and smart contract technology of token sale will guarantee
simplicity, reliability, clarity, and safety of the contributions and token accrual to the personal wallets of
contributors.

1 - That makes no sense. You can still use a smart contract for the Ether payments and your own system for the BTC payments. The benefit for your investors is that with a smart contract your tokens will be automatically and certainly distributed, while with your approach there is only a promise and nothing else. The whole point of using a smart contract is to avoid the middle man, which is you. You offer a project based on the Ethereum network, yet you don't use the one benefit it provides. That is counter-intuitive and can be interpreted as a possibility to scam.
2 - The blockchain only shows how much Ether you have received from each investor. No tokens exist yet, so the balance on your website is purely cosmetic.
4 - How can you possible believe that your manual approach is more secure than an automated contract? You are basically denying the underlying principle behind the Ethereum network.


I would strongly urge you to be more transparent and clear about your actions and the motives behind them. The fact you are changing the terms of the sale after it has started grants the right to every investor to get his investment back from you as this is considered a breach of contract in the real business world.

[spiderlee]

is there any plan for bounty?

[Trueblue4n20]

As a hardcore gamer my full support is behind this. There have been some other cool things like Uplay where you earn in game credits to spend, but DMarket will be the first to unite the lone wolf gamers and the hardcore network gamers (or any gamers for that matter) so they can share virtual earnings. Why not?
I'm in on day one, also my first purchase of ICO so could not think of a better token!

[crypton100]

Interesting. Sale policy has been changed today, a day after start of ico sale. The mentioned paragraph has been changed now. Wow, changing the rules of the game when the game has already been started.

D_market, how would you explain this?
Changing the terms of the contract after investors have given you their money.

I only invested 10ETH, but I am completely disappointing by the lack of transparency and integrity this project is showing.

It's getting even worse. Now they state, that tokens are distributed 30-60 day AFTER second distribution phase ended (https://dmarketio.slack.com/archives/C65BE4X1T/p1503077355000541). The updated sale policy (https://dmarket.io/assets/documents/DMarket_tokens_sale_policy_EN.pdf) 3.7 reads now "3.7. The amount of DMarket Tokens to be provided to a User shall be specified in User’s Account on the Website upon completion of DMarket Tokens purchase by the User. The DMarket Tokens shall be sent to the User’s personal respective cryptocurrency wallet by the end of DMarket Tokens Sale phase #2 as defined in the Whitepaper and on the Website."

So they didn't only change the sale policy AFTER the sale already started but now they are stating again something different than written in the updated policy.

[SuWide]

Very interesting. I invested, too!

[akhavr]

You offer a project based on the Ethereum network, yet you don't use the one benefit it provides

The project won't run on the Ethereum network.

[D_market]

Interesting. Sale policy has been changed today, a day after start of ico sale. The mentioned paragraph has been changed now. Wow, changing the rules of the game when the game has already been started.

D_market, how would you explain this?
Changing the terms of the contract after investors have given you their money.

I only invested 10ETH, but I am completely disappointing by the lack of transparency and integrity this project is showing.

It's getting even worse. Now they state, that tokens are distributed 30-60 day AFTER second distribution phase ended (https://dmarketio.slack.com/archives/C65BE4X1T/p1503077355000541). The updated sale policy (https://dmarket.io/assets/documents/DMarket_tokens_sale_policy_EN.pdf) 3.7 reads now "3.7. The amount of DMarket Tokens to be provided to a User shall be specified in User’s Account on the Website upon completion of DMarket Tokens purchase by the User. The DMarket Tokens shall be sent to the User’s personal respective cryptocurrency wallet by the end of DMarket Tokens Sale phase #2 as defined in the Whitepaper and on the Website."

So they didn't only change the sale policy AFTER the sale already started but now they are stating again something different than written in the updated policy.

We haven’t changed the terms of the sale after it has started, and we are not going to do that.
As we have faced incorrect interpretation of 3.7, we have added it with the information to make it more clear and transparent.     
 
According to the short version of 3.7.
“DMarket Tokens shall be sent to the User’s personal respective cryptocurrency wallet immediately upon DMarket Tokens payment”.
 
It means that: “The DMarket Tokens are added to your personal respective cryptocurrency wallet after we start processing payments of DMarket Tokens.”

Investors can see the exact amount of DMarket Tokens in the personal DMarket account right after the purchase.
To make it more clear and transparent we added information to 3.7.

The amount of DMarket Tokens to be provided to a User shall be specified in User’s Account on the Website upon completion of DMarket Tokens purchase by the User. The DMarket Tokens shall be sent to the User’s personal respective cryptocurrency wallet by the end of DMarket Tokens Sale phase #2 as defined in the White Paper and on the Website.

Our approach is based on security and transparency, and equal and clear conditions for all investors.

[cubradford]

Hi! Thanks for the questions.
We don’t use the smart contract technology on the first stage. We have developed our own service which
allows us to process incoming transactions from different blockchains because smart contracts at Ethereum
can’t control transactions on bitcoin blockchain. The decision to develop our service can be supported by
the fact that the software used on the main computer has been developed for decades, while the Ethereum
smart contracts appeared only a couple years ago.
2. Our service is monitoring all incoming transactions to our accounts. The service accrues tokens to the
contributors’ accounts and saves this in the database according to the token sale policy, as described on our
landing page. The contributors can see the amount of accrued tokens on their profile pages. If a contributor
would like to check the accuracy of the token accrual, they can compare the correctness of the calculations
with the information from the blockchain. In this case, the blockchain is the source of the primary data.
4. The service described above also helps us check every transaction twice before sending the tokens and
therefore ensure the safety of gathered tokens. All transactions done by the rules of the service will be
taken into account in full.
5. At that, we are planning on using a simplified smart-contract based on the OpenZeppelin framework (see
GitHub V2) at the end of the second stage of the token sale, which will allow us to solve two main issues:
1) Implementation of the ERC20 interface, which will allow trading our tokens on the external stock
markets.
2) Accrual of the tokens bought by contributors to their wallets using the smart contract feature.
As a result, the combination of our service and smart contract technology of token sale will guarantee
simplicity, reliability, clarity, and safety of the contributions and token accrual to the personal wallets of
contributors.

1 - That makes no sense. You can still use a smart contract for the Ether payments and your own system for the BTC payments. The benefit for your investors is that with a smart contract your tokens will be automatically and certainly distributed, while with your approach there is only a promise and nothing else. The whole point of using a smart contract is to avoid the middle man, which is you. You offer a project based on the Ethereum network, yet you don't use the one benefit it provides. That is counter-intuitive and can be interpreted as a possibility to scam.
2 - The blockchain only shows how much Ether you have received from each investor. No tokens exist yet, so the balance on your website is purely cosmetic.
4 - How can you possible believe that your manual approach is more secure than an automated contract? You are basically denying the underlying principle behind the Ethereum network.

I’ve invested 12 BTC in this project, and it was clear for me that they distribute their tokens after the phase 2. It is also based on logic as you still can’t use tokens before they are listed on stock exchange. And it will happen in 30-60 days after the end of the token sale phase 2.
Frankly, I don’t see any scam here. It’s an exaggeration dude.

[topneeds]

I understand the project and the conditions for selling the tokens. The idea is good, if ZeroGravity deceives, then I'll have to catch him in Kiev and break all legs, also pick up my 10 ETH

[crustez00]

this project seems to be essential need in the future for every gamer that need to exchange their in-game goods to the other. I am very concerned about the feature that said it can exchange of every virtual item between all games ON ANY PLATFORM. That can be good news for gamer. I will look forward to this project. Goodluck 

[CYPER]

You offer a project based on the Ethereum network, yet you don't use the one benefit it provides

The project won't run on the Ethereum network.

D_Market, is this guy part of your team?
Will the project run on the Ethereum network?

[CYPER]

Interesting. Sale policy has been changed today, a day after start of ico sale. The mentioned paragraph has been changed now. Wow, changing the rules of the game when the game has already been started.

D_market, how would you explain this?
Changing the terms of the contract after investors have given you their money.

I only invested 10ETH, but I am completely disappointing by the lack of transparency and integrity this project is showing.

It's getting even worse. Now they state, that tokens are distributed 30-60 day AFTER second distribution phase ended (https://dmarketio.slack.com/archives/C65BE4X1T/p1503077355000541). The updated sale policy (https://dmarket.io/assets/documents/DMarket_tokens_sale_policy_EN.pdf) 3.7 reads now "3.7. The amount of DMarket Tokens to be provided to a User shall be specified in User’s Account on the Website upon completion of DMarket Tokens purchase by the User. The DMarket Tokens shall be sent to the User’s personal respective cryptocurrency wallet by the end of DMarket Tokens Sale phase #2 as defined in the Whitepaper and on the Website."

So they didn't only change the sale policy AFTER the sale already started but now they are stating again something different than written in the updated policy.

We haven’t changed the terms of the sale after it has started, and we are not going to do that.
As we have faced incorrect interpretation of 3.7, we have added it with the information to make it more clear and transparent.     
 
According to the short version of 3.7.
“DMarket Tokens shall be sent to the User’s personal respective cryptocurrency wallet immediately upon DMarket Tokens payment”.
 
It means that: “The DMarket Tokens are added to your personal respective cryptocurrency wallet after we start processing payments of DMarket Tokens.”

Investors can see the exact amount of DMarket Tokens in the personal DMarket account right after the purchase.
To make it more clear and transparent we added information to 3.7.

The amount of DMarket Tokens to be provided to a User shall be specified in User’s Account on the Website upon completion of DMarket Tokens purchase by the User. The DMarket Tokens shall be sent to the User’s personal respective cryptocurrency wallet by the end of DMarket Tokens Sale phase #2 as defined in the White Paper and on the Website.

Our approach is based on security and transparency, and equal and clear conditions for all investors.

The original DMarket_tokens_sale_policy_EN.pdf file clearly stated that the token will be sent immediately after payment is received.
The updated DMarket_tokens_sale_policy_EN.pdf states tokens will be sent at the end of Phase 2.

Then you say you haven't changed the terms.

[CYPER]

I’ve invested 12 BTC in this project, and it was clear for me that they distribute their tokens after the phase 2. It is also based on logic as you still can’t use tokens before they are listed on stock exchange. And it will happen in 30-60 days after the end of the token sale phase 2.
Frankly, I don’t see any scam here. It’s an exaggeration dude.

Tokens primary purpose are not to be listed or traded, but used. Speculation and ROI is why we are here, but the core idea behind them is not that. If I understand correctly these are ERC-20 tokens, that are created via a smart contract, yet the smart contract doesn't exist yet and the tokens do no exist yet.

[CYPER]

1 - That makes no sense. You can still use a smart contract for the Ether payments and your own system for the BTC payments. The benefit for your investors is that with a smart contract your tokens will be automatically and certainly distributed, while with your approach there is only a promise and nothing else. The whole point of using a smart contract is to avoid the middle man, which is you. You offer a project based on the Ethereum network, yet you don't use the one benefit it provides. That is counter-intuitive and can be interpreted as a possibility to scam.
2 - The blockchain only shows how much Ether you have received from each investor. No tokens exist yet, so the balance on your website is purely cosmetic.
4 - How can you possible believe that your manual approach is more secure than an automated contract? You are basically denying the underlying principle behind the Ethereum network.

D_market, please comment on these 2 points as I still feel they are quite valid.

[Piggy]

Under which exhanges is going to be traded?

[crypton100]

You offer a project based on the Ethereum network, yet you don't use the one benefit it provides

The project won't run on the Ethereum network.

That you will run your own blockchain is known. But currently we are talking about the tokens you will send to the investors after the end of distribution phase 2. These will be ERC-20 tokens created on the ethereum blockchain.

1 - That makes no sense. You can still use a smart contract for the Ether payments and your own system for the BTC payments. The benefit for your investors is that with a smart contract your tokens will be automatically and certainly distributed, while with your approach there is only a promise and nothing else. The whole point of using a smart contract is to avoid the middle man, which is you. You offer a project based on the Ethereum network, yet you don't use the one benefit it provides. That is counter-intuitive and can be interpreted as a possibility to scam.

akhavr, please explain, why you don't use a smart contract to handle the token sale.

[D_market]

Hi! Thanks for the questions.
We don’t use the smart contract technology on the first stage. We have developed our own service which
allows us to process incoming transactions from different blockchains because smart contracts at Ethereum
can’t control transactions on bitcoin blockchain. The decision to develop our service can be supported by
the fact that the software used on the main computer has been developed for decades, while the Ethereum
smart contracts appeared only a couple years ago.
2. Our service is monitoring all incoming transactions to our accounts. The service accrues tokens to the
contributors’ accounts and saves this in the database according to the token sale policy, as described on our
landing page. The contributors can see the amount of accrued tokens on their profile pages. If a contributor
would like to check the accuracy of the token accrual, they can compare the correctness of the calculations
with the information from the blockchain. In this case, the blockchain is the source of the primary data.
4. The service described above also helps us check every transaction twice before sending the tokens and
therefore ensure the safety of gathered tokens. All transactions done by the rules of the service will be
taken into account in full.
5. At that, we are planning on using a simplified smart-contract based on the OpenZeppelin framework (see
GitHub V2) at the end of the second stage of the token sale, which will allow us to solve two main issues:
1) Implementation of the ERC20 interface, which will allow trading our tokens on the external stock
markets.
2) Accrual of the tokens bought by contributors to their wallets using the smart contract feature.
As a result, the combination of our service and smart contract technology of token sale will guarantee
simplicity, reliability, clarity, and safety of the contributions and token accrual to the personal wallets of
contributors.

1 - That makes no sense. You can still use a smart contract for the Ether payments and your own system for the BTC payments. The benefit for your investors is that with a smart contract your tokens will be automatically and certainly distributed, while with your approach there is only a promise and nothing else. The whole point of using a smart contract is to avoid the middle man, which is you. You offer a project based on the Ethereum network, yet you don't use the one benefit it provides. That is counter-intuitive and can be interpreted as a possibility to scam.
2 - The blockchain only shows how much Ether you have received from each investor. No tokens exist yet, so the balance on your website is purely cosmetic.
4 - How can you possible believe that your manual approach is more secure than an automated contract? You are basically denying the underlying principle behind the Ethereum network.

1) Our token sale is currently available for two currencies, and we are going to add more options to choose from for the second round. A smart contract doesn’t allow to work directly with other blockchains. As we’ve already noted, it can include only one cryptocurrency. In this case, ETH. Unfortunately, not all of the investors are working with Ether. Those, who prefer other options, have to search for a way to transfer their coins to Ether, create an Ethereum wallet and invest in the ICO. We believe that all the investors should have equal opportunities.
We decided on the current method based on a unified approach for every customer and the simplicity of the investment process.
Unfortunately, even the smart contract doesn’t eliminate the possibility of fraud or scammers. Moreover, recently there were safety concerns with the usage of smart contracts.
2) You can use other sources - they will show you the same numbers. Calling it “cosmetic” equals to calling every blockchain transaction “cosmetic” as there is no access to the account.
3) As the recent months demonstrated both smart contract and multisignature wallets do not guarantee complete security.  It all depends on who writes the code. We are creating safe and secure code for DMarket marketplace. As the Ethereum smart contract won’t be driving the marketplace, we’ve chosen the simplest and the safest way for token distribution during the token sale.

[D_market]

Under which exhanges is going to be traded?

The exchange service is going to be announced later but it's going to be from top 10

[carrie_white]

A very promising project, let alone a typically successful game-based project, and also with very many company partners will add to the interest of investors

[akhavr]

akhavr, please explain, why you don't use a smart contract to handle the token sale.

Official @D_market explained it better than me.

And, BTW, yeah.. My public behavior might be perceived as unprofessional, since I'm not prof in PR.  I do code and manage coding teams for 25+ years.   

And in my post I represent only myself and no one else.  If you expect official stance - wait for @D_market reply. 

My opinion is just mine and, if someone doesn't like it, I'm extremely sorry for that.  It's grounded on facts I observe.  New facts -> new opinions.