[ANN] INDORSE - Decentralized Professional Network on Blockchain

[itchain]

Interesting project, but some things are not clear.

"Inflation Tokens" what does it mean?  Two different currencies?


Total Tokens:
155,997,300 (Excluding inflation tokens)
170,622,047 (Including inflation tokens)

Indorse Token Sale starts from August 8th, 2017, 12PM UTC!

Here are some important details:

Token Sale Start: From Aug 8th, 2017–12 PM UTC

Token Sale End: Sept 7th, 2017–12 PM UTC or once the hard cap is reached.

Token Name: IND

Utility of token:
Exchangeable against the services that the Indorse platform will offer

Total Tokens:
155,997,300 (Excluding inflation tokens)
170,622,047 (Including inflation tokens)

Total Tokens Sold in Pre-Sale & Private Placements: 22,995,270

Tokens to be sold in Token Sale on Aug 8th:
31,603,785 (Includes allocation to ICOAge)*

Coins accepted: ETH
Price: 1 ETH = 1,000 IND

Hard Cap: 50,000 ETH

Sale Contract Cap:
30,603,785 (excluding ICOAge Allocation)*

*ICOAge is working with us for the Token Sale in China to sell tokens to the Chinese market. 1,000,000 tokens are reserved for ICOAge.
Smart Contract official ENS Address:
indorse.eth

Please check out this message regarding indorse.eth address from David, our CEO: https://www.youtube.com/watch?v=lKiTO6W5Seg

Note: The smart contract will be activated on Aug 8th, 12 PM UTC. Do not send any ETH before. It will be rejected by the contract and you’ll lose the gas fees.
Please do not trust any other address. It’s a scam.

Compatible Wallets:

1. MyEtherWallet (no download needed)
- There have been many phishing attempts with fake MyEtherWallet sites-always check that you are on the verified site!
- It’s best to use MyEtherWallet as you need to send ETH to indorse.eth, the ENS address of Indorse. We’ll never post or share the address in 0x123…..890 format.
2. IMToken (Android)
3. IMToken (iphone)

Read more:
https://medium.com/joinindorse/how-to-participate-in-indorse-token-sale-8ddb50003b4f

Minimum contribution:
0.05 ETH

Maximum contribution:
1,000 ETH

Any transaction which puts your account over 1,000 ETH will be rejected and you will lose your gas. e.g. 100+800+100 is ok, 100+800+200, last 200 will be rejected and you will lose your gas.

Gas Limit:
Your wallet should give you the proper estimate of gas once the contract is active, but if you are familiar with this function, you can increase it to 250,000.

Maximum gas fee accepted:
500,000 (50 gwei)
If you use a higher fee than allowed the transaction will be rejected and you will lose your gas.

How to send ETH from MyEtherWallet:
https://www.youtube.com/watch?v=8Zp7zw1jd6Q

Token issuance:
Tokens will be issued immediately. They can be moved out of the wallet 7 days after the end of the token sale.

IND listing on cryptocurrency exchanges:
We have received a commitment from GateCoin (https://gatecoin.com/) to list IND tokens. We are in discussions with other exchanges and will update this section as we receive commitments from other exchanges.

Incorporation details of Indorse:
Singapore private limited company
Indorse Pte. Ltd. UEN: 201714808R

Use of funds:

Development of the product (including the development team’s cost): 65%
Sales and marketing: 20%
Operations: 10%
Legal Fund: 5%

Website: https://indorse.io
Twitter: https://twitter.com/joinindorse
Medium: https://medium.com/joinindorse
Reddit: https://reddit.com/r/indorse

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[Northa]

What if hardcap will not achieve these goals? I mean 50k eth... then what?

Hardcap just is limit for end ICO crowdsale before the time scheduled. If the raised funds can't reach hardcap, this crowdsale will running until end time crowdsale or reached this cap.

What if hardcap will not achieve these goals? I mean 50k eth... then what?

This project already achieved the minimum funds cap of 15k ETH so no need to be worry about the future of this one. In case if they failed to achieve the hard cap than they will continue with raised amount but I believe in next few days they will achieve this milestone.

Thanks for clarifying. I'm going to follow the indorse project.

[Mr.Ease]

Well, I think the bounty participants have some marketing to do...
Indorse ico needs 15X more Eth than it currently has received in the 14 hours it's been open.
There is no doubt the cap will be met by the crowd fund end in Sept.

But let's get this done sooner!

[LeyMonte]

Well, the sale isn't acting as expected. I thought it would have been a instant sellout.

So need to recalculate...

1K eth per 2hrs...

Should expect the sale to conclude by Friday. Unless some big guys are waiting on the sidelines?

No early bird bonus, so I guess not much of a rush... plenty of time to get in!

i hope it will sold out by the end of the week.. i never thought that the fund raising will be a bit slow.. i am expecting a sudden sellout hours after the ico has opened up.

[Strawbabies]

So is this untraceable? Or will it be stored on the blockchain?

[Ipwich]

Well, I think the bounty participants have some marketing to do...
Indorse ico needs 15X more Eth than it currently has received in the 14 hours it's been open.
There is no doubt the cap will be met by the crowd fund end in Sept.

But let's get this done sooner!

Almost hit already half of the hard cap, the current amount raised as per website is already ETH 20,408.227.
The hard cap is 50 million ETH, so for sure before this month end it will be achieve already.

[boopy265420]

i hope it will sold out by the end of the week.. i never thought that the fund raising will be a bit slow.. i am expecting a sudden sellout hours after the ico has opened up.

Lot of people were expecting this to happen but this was not the seen so far. Why we need this crowdfunding to close soon when it is letting others know about the project by being present as investment option in the market. I think this should be considered as marketing and awareness phase. We won't have to wait until last day. In a week it should be there.

[zikabra]

How to add IND to MEW? Address,decimal?
By the way i want to congratulate indorse team for reaching minimum cap and collecting over 20K ether so far.

[LeyMonte]

i hope it will sold out by the end of the week.. i never thought that the fund raising will be a bit slow.. i am expecting a sudden sellout hours after the ico has opened up.

Lot of people were expecting this to happen but this was not the seen so far. Why we need this crowdfunding to close soon when it is letting others know about the project by being present as investment option in the market. I think this should be considered as marketing and awareness phase. We won't have to wait until last day. In a week it should be there.

i get what you are pointing out.. but what i was meaning is that, considering they have good team backing up, everybody's expecting that it will sold out immediately. since looking only to the team, it can already attract so many investors.

[Tradegroup]

Well done Indorse, it's going very good. I have invested two ethereums in it. It's promising, I like the idea that Indorse aims to give back the ownership of data to the user. We haven't seen any other project doing that.

[avadhoot]

Interesting project, but some things are not clear.

"Inflation Tokens" what does it mean?  Two different currencies?


Total Tokens:
155,997,300 (Excluding inflation tokens)
170,622,047 (Including inflation tokens)

Indorse Token Sale starts from August 8th, 2017, 12PM UTC!

Here are some important details:

Token Sale Start: From Aug 8th, 2017–12 PM UTC

Token Sale End: Sept 7th, 2017–12 PM UTC or once the hard cap is reached.

Token Name: IND

Utility of token:
Exchangeable against the services that the Indorse platform will offer

Total Tokens:
155,997,300 (Excluding inflation tokens)
170,622,047 (Including inflation tokens)

Total Tokens Sold in Pre-Sale & Private Placements: 22,995,270

Tokens to be sold in Token Sale on Aug 8th:
31,603,785 (Includes allocation to ICOAge)*

Coins accepted: ETH
Price: 1 ETH = 1,000 IND

Hard Cap: 50,000 ETH

Sale Contract Cap:
30,603,785 (excluding ICOAge Allocation)*

*ICOAge is working with us for the Token Sale in China to sell tokens to the Chinese market. 1,000,000 tokens are reserved for ICOAge.
Smart Contract official ENS Address:
indorse.eth

Please check out this message regarding indorse.eth address from David, our CEO: https://www.youtube.com/watch?v=lKiTO6W5Seg

Note: The smart contract will be activated on Aug 8th, 12 PM UTC. Do not send any ETH before. It will be rejected by the contract and you’ll lose the gas fees.
Please do not trust any other address. It’s a scam.

Compatible Wallets:

1. MyEtherWallet (no download needed)
- There have been many phishing attempts with fake MyEtherWallet sites-always check that you are on the verified site!
- It’s best to use MyEtherWallet as you need to send ETH to indorse.eth, the ENS address of Indorse. We’ll never post or share the address in 0x123…..890 format.
2. IMToken (Android)
3. IMToken (iphone)

Read more:
https://medium.com/joinindorse/how-to-participate-in-indorse-token-sale-8ddb50003b4f

Minimum contribution:
0.05 ETH

Maximum contribution:
1,000 ETH

Any transaction which puts your account over 1,000 ETH will be rejected and you will lose your gas. e.g. 100+800+100 is ok, 100+800+200, last 200 will be rejected and you will lose your gas.

Gas Limit:
Your wallet should give you the proper estimate of gas once the contract is active, but if you are familiar with this function, you can increase it to 250,000.

Maximum gas fee accepted:
500,000 (50 gwei)
If you use a higher fee than allowed the transaction will be rejected and you will lose your gas.

How to send ETH from MyEtherWallet:
https://www.youtube.com/watch?v=8Zp7zw1jd6Q

Token issuance:
Tokens will be issued immediately. They can be moved out of the wallet 7 days after the end of the token sale.

IND listing on cryptocurrency exchanges:
We have received a commitment from GateCoin (https://gatecoin.com/) to list IND tokens. We are in discussions with other exchanges and will update this section as we receive commitments from other exchanges.

Incorporation details of Indorse:
Singapore private limited company
Indorse Pte. Ltd. UEN: 201714808R

Use of funds:

Development of the product (including the development team’s cost): 65%
Sales and marketing: 20%
Operations: 10%
Legal Fund: 5%

Website: https://indorse.io
Twitter: https://twitter.com/joinindorse
Medium: https://medium.com/joinindorse
Reddit: https://reddit.com/r/indorse

Inflation tokens are the same currency & are reserved to be used in future

[avadhoot]

Incredibly humbled and thankful for the community support for Indorse

https://medium.com/joinindorse/incredibly-humbled-and-thankful-for-the-community-support-for-indorse-f28cb6e53c3c

[seven.71]

I would like to inquire about investing in ICO indorse via Myetherwallet,can i just send directly to indorse token contract address without ENS

[avadhoot]

I would like to inquire about investing in ICO indorse via Myetherwallet,can i just send directly to indorse token contract address without ENS

You can double check it here: https://etherscan.io/address/indorse.eth

[identifyuser]

Do you plan early termination of the ICO, not to wait for September 8? Some ICO closed in that case, if the tokens will not be sold within a few days

[denam]

Do you plan early termination of the ICO, not to wait for September 8? Some ICO closed in that case, if the tokens will not be sold within a few days

Why this crowdfunding should close early just because it didn't raise all the remaining money within hours ? My expectations were not different than others though speed of money flow into this round is little bit slow but is steady. We can not predict the investor's reaction which can turn deep into project at any stage. We need to be present as opportunity for many who are seeking projects to pour money into.

[Mr.Ease]

Do you plan early termination of the ICO, not to wait for September 8? Some ICO closed in that case, if the tokens will not be sold within a few days

Um, put yourself in there shoes and just ask yourself that same question...
Why would they close a "capital raise" event earlier than planned?

And 2ND. What ico are you referring to?

I have never seen one close early because of a slow start. The only time they end early is when the max cap is reached. Until then, sept is the end date.

3rd. Since your a bounty hunter(signature): what they raise correlates to how much bounty you receive. So in all aspects, you want this to go the full length and raise as much as possible so you make more.
20K eth = 200eth bounty.
50K eth = 500 eth bounty.

[identifyuser]

Do you plan early termination of the ICO, not to wait for September 8? Some ICO closed in that case, if the tokens will not be sold within a few days

Um, put yourself in there shoes and just ask yourself that same question...
Why would they close a "capital raise" event earlier than planned?

And 2ND. What ico are you referring to?

I have never seen one close early because of a slow start. The only time they end early is when the max cap is reached. Until then, sept is the end date.

3rd. Since your a bounty hunter(signature): what they raise correlates to how much bounty you receive. So in all aspects, you want this to go the full length and raise as much as possible so you make more.
20K eth = 200eth bounty.
50K eth = 500 eth bounty.

I do not dispute this. I want also that they raised as much as possible. that's why I asked the question

[gamerfan]

How much is the price for 1 token?

[identifyuser]

How much is the price for 1 token?

1 eth =1000 ind, so 1 ind = 0.001 eth
But minimum 0.05 ETH required
Gas limit: 250,000  
Gas Price: 25 gwei (above 50 will be rejected)
https://tokensale.indorse.io/