[ANN][ICO][TKR] CryptoInsight | Crypto Desktop App | RELEASED

[trackr-im]

Not sure if I understand your question, did you want us to add a FAQ on this?

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[Mr.Ease]

@imtiaz, all this information is available on the website (https://www.trackr.im)

The blog has been published over at https://medium.com/@trackr.im/trackr-token-distribution-plan-8d8c5107f20a, this should give investors and bounty hunters more information on our current plan.

Short summary: Contributors will receive extra free tokens after the ICO concludes and before any exchange goes live, bounty hunters remain the same as was always the case (except that Airdrops will be introduced which benefit bounty hunters & contributors)

Very interesting approach, looks like I'll be investing some more...

My only issue - giving away majority of dev funds

Developer funds are only 500K tokens now? Although that is quite generous to redistribute 2.75 million tokens, I highly doubt many would argue for keeping more for the team.
Maybe lock up 1 MIL. In a smart contract for periodic release after a 1 year lock period?
And the 500K remains liquid?

I personally would rather have the development team have a larger stake than 5%.
Should almost make a poll about it

I see where you're coming from - it's definitely a valid concern. However, truth be told we're not in need of many tokens ourselves, once our project is on the right track with our desktop client published we'll be able to start taking in subscription fees and such which should cover (not forgetting that a portion of this will also be airdropped). Our plan then is to burn a small amount of the subscription fees as well over time, given the current distribution ratios this definitely feels like a right step to us.

i also think you should keep a bigger portion of tokens.
It will you have more concern for the investissors if you are one as well. Not that i think you will not follow your roadmap, but it can be a concern if some desagrement can be seen in the future

Keep in mind that the subscription/trading model will generate us a steady token stream per month once it's live, and starting off with 500k means we're at a comfortable stage already.

If you say so, then I'll accept that.

But, I still support a higher development share.

[trackr-im]

I understand that a low share may seem like the dev team may eventually end up unmotivated, however, I reassure that won't be the case.

[McSkeevely]

So my understanding is that when the app and platform are fully ready, you will start charging a fee for membership, and this fee is paid with TKR.  People can acquire more TKR through exchanges with either the trackr team or investors.  My question is: Will you adjust the TKR price of membership to maintain a relatively constant ETH-equivalent membership price, or will you let the free market determine the price of membership through the fluctuating value of TKR?
Does that question make sense?

[trackr-im]

So my understanding is that when the app and platform are fully ready, you will start charging a fee for membership, and this fee is paid with TKR.  People can acquire more TKR through exchanges with either the trackr team or investors.  My question is: Will you adjust the TKR price of membership to maintain a relatively constant ETH-equivalent membership price, or will you let the free market determine the price of membership through the fluctuating value of TKR?
Does that question make sense?

Yep, we've actually mentioned this somewhere in the whitepaper/blog or website (can't remember).

Users pay a nominal monthly fee for the subscription of ‘advanced features’ with TKR. The subscription price varies by the token price against ETH, as the value rises you would need to pay less in TKR which gives early investors a bonus, either through a longer subscription or through enjoying a higher trade price on exchanges. Moreover, holding TKR enables the user to receive airdrops (as long as they have 2500 TKR right before the first exchange is live and during the 48 hours of the first exchange being live). The airdropped amount is proportional the amount of TKR you hold at the airdropped time (the timings are not given out due to this reason).

The subscription fee which the team receives will:

• be burned for a small amount each month
• a sizeable chunk is set aside for airdrops
• be thrown back onto the exchange and/or saved for other reward schemes

[Mr.Ease]

Over 100 eth came in today.... investments are coming in steadily!

Maybe this last day will surprise everyone!
Your 80% distribution plan might just occur without airdrops!

[Yurkov]

Just to clear up some (maybe obvious) things:

1. If someone remove tokens from oryginal (receiving) address - for example to exchange - he will get airdrop or not?

2. How high this airdrop can be? Let say for 2500 tokens?

[trackr-im]

Just to clear up some (maybe obvious) things:

1. If someone remove tokens from oryginal (receiving) address - for example to exchange - he will get airdrop or not?

2. How high this airdrop can be? Let say for 2500 tokens?

1. You can buy tokens, but if you drop below 2500 tokens during the first 48 hours or before the first exchange is live then you're not eligible on that address. If you transfer these to a different address you'll still be eligible, as long as the criteria is met that before the exchange is live you have held the tokens and have not traded them.

2. This is impossible to answer: it depends on the amount of tokens available for airdrop, the total amount of contributors with 2500 or more tokens, their maximum amount of tokens, etc.

[Hypercube]

Do you intend to open-source your mobile-app and backend service or is it something you are keeping for yourself, effectively barring you from getting feedback and potential security discoveries?

The history of the security by obfuscation tend to prove its huge flaws and small benefits.
Analyzing a react-native-app is also way easier than native comparaisons.

[trackr-im]

Do you intend to open-source your mobile-app and backend service or is it something you are keeping for yourself, effectively barring you from getting feedback and potential security discoveries?

The history of the security by obfuscation tend to prove its huge flaws and small benefits.
Analyzing a react-native-app is also way easier than native comparaisons.

As far as the frontend for the mobile/desktop goes, we intend to down the line (in a sense you could already view the source today if you really wanted to, as the mobile app for example is not native). We're not really sure on the backend part currently.

[McSkeevely]

So my understanding is that when the app and platform are fully ready, you will start charging a fee for membership, and this fee is paid with TKR.  People can acquire more TKR through exchanges with either the trackr team or investors.  My question is: Will you adjust the TKR price of membership to maintain a relatively constant ETH-equivalent membership price, or will you let the free market determine the price of membership through the fluctuating value of TKR?
Does that question make sense?

Yep, we've actually mentioned this somewhere in the whitepaper/blog or website (can't remember).

Users pay a nominal monthly fee for the subscription of ‘advanced features’ with TKR. The subscription price varies by the token price against ETH, as the value rises you would need to pay less in TKR which gives early investors a bonus, either through a longer subscription or through enjoying a higher trade price on exchanges. Moreover, holding TKR enables the user to receive airdrops (as long as they have 2500 TKR right before the first exchange is live and during the 48 hours of the first exchange being live). The airdropped amount is proportional the amount of TKR you hold at the airdropped time (the timings are not given out due to this reason).

The subscription fee which the team receives will:

• be burned for a small amount each month
• a sizeable chunk is set aside for airdrops
• be thrown back onto the exchange and/or saved for other reward schemes

Makes sense, thanks!
Why burn a portion? Wouldn't that cut the lifespan of the project or force you to do another coin release in the future?

[trackr-im]

Makes sense, thanks!
Why burn a portion? Wouldn't that cut the lifespan of the project or force you to do another coin release in the future?

To increase the value of the token itself, it won't be a continuous thing however and it's not entirely set in stone yet. We may distribute these to holders instead through airdrops.

In the end it really depends on the success of our platform, if we do it right and we garner good interest, then the model should keep itself running a cycle without the need for another coin release ever.

[Yurkov]

Just to clear up some (maybe obvious) things:

1. If someone remove tokens from oryginal (receiving) address - for example to exchange - he will get airdrop or not?

2. How high this airdrop can be? Let say for 2500 tokens?

1. You can buy tokens, but if you drop below 2500 tokens during the first 48 hours or before the first exchange is live then you're not eligible on that address. If you transfer these to a different address you'll still be eligible, as long as the criteria is met that before the exchange is live you have held the tokens and have not traded them.

2. This is impossible to answer: it depends on the amount of tokens available for airdrop, the total amount of contributors with 2500 or more tokens, their maximum amount of tokens, etc.

To be honest i don't understand how someone can drop below 2500 tokens/ can trade before the first exchange is live?    maybe only when someone split tokens to more addresses or make deal here on Bitcointalk.  But I understood your answer. Thanks.

So how and when the amount for airdrop will be set?

Can we confirm our address now, or we have to wait for some specific moment?

[trackr-im]

Just to clear up some (maybe obvious) things:

1. If someone remove tokens from oryginal (receiving) address - for example to exchange - he will get airdrop or not?

2. How high this airdrop can be? Let say for 2500 tokens?

1. You can buy tokens, but if you drop below 2500 tokens during the first 48 hours or before the first exchange is live then you're not eligible on that address. If you transfer these to a different address you'll still be eligible, as long as the criteria is met that before the exchange is live you have held the tokens and have not traded them.

2. This is impossible to answer: it depends on the amount of tokens available for airdrop, the total amount of contributors with 2500 or more tokens, their maximum amount of tokens, etc.

To be honest i don't understand how someone can drop below 2500 tokens/ can trade before the first exchange is live?   maybe only when someone split tokens to more addresses or make deal here on Bitcointalk.  But I understood your answer. Thanks.

So how and when the amount for airdrop will be set?

Can we confirm our address now, or we have to wait for some specific moment?

You don't have to do anything for the airdrop, we'll sort it all out when it happens. The reason we mention before is because it's only applicable to people that have contributed and/or joined the bounty campaign. Anyone that bought their tokens but did not join the ICO/bounty is not eligible. It's kind of our way of rewarding early contributors.

[Ingramtg]

hopefully we will raise 1000ETH at the end

we have still 17 hours to go ,
when will we list exchange?

[trackr-im]

hopefully we will raise 1000ETH at the end

we have still 17 hours to go ,
when will we list exchange?

We will kickoff the process after the weekend for exchanges (to give us time to sort bonus tokens, craft spreadsheets, etc) and announce them before they're listed.

[altcointalk14]

Sorry that i'm asking in this thread about bounty campaign stuff, but it was already mentioned before..
Can we confirm our ETH address now, or we have to do it when the ICO will end?

[trackr-im]

Sorry that i'm asking in this thread about bounty campaign stuff, but it was already mentioned before..
Can we confirm our ETH address now, or we have to do it when the ICO will end?

Once it's concluded we'll start drafting up a single spreadsheet with the total points (for each section and total per user) and the amount of TKR that each user is allocated. You then just confirm via PM (as to not spam the forums) if your wallet address and the TKR tokens you've been allocated looks fine. We'll then send you the tokens when the batch gets sent later that day. This process will probably end up taking the weekend, but could be sooner.

[altcointalk14]

Sorry that i'm asking in this thread about bounty campaign stuff, but it was already mentioned before..
Can we confirm our ETH address now, or we have to do it when the ICO will end?

Once it's concluded we'll start drafting up a single spreadsheet with the total points (for each section and total per user) and the amount of TKR that each user is allocated. You then just confirm via PM (as to not spam the forums) if your wallet address and the TKR tokens you've been allocated looks fine. We'll then send you the tokens when the batch gets sent later that day. This process will probably end up taking the weekend, but could be sooner.

Thank you for answer. I'm asking just because during the weekend many times i'm completely out of the range of internet.. But i understand that confirmation my address in monday or even later it will be no problem..

Congratulations for perfectly managed ICO and ofcourse all project!

Well done!

[Hypercube]

Do you intend to open-source your mobile-app and backend service or is it something you are keeping for yourself, effectively barring you from getting feedback and potential security discoveries?

The history of the security by obfuscation tend to prove its huge flaws and small benefits.
Analyzing a react-native-app is also way easier than native comparaisons.

As far as the frontend for the mobile/desktop goes, we intend to down the line (in a sense you could already view the source today if you really wanted to, as the mobile app for example is not native). We're not really sure on the backend part currently.

Good to know, thanks. Sources are better than minified bundles