[ANN] [ICO] nametoken (NAT) - the first decentralized domain eco system

[Heimer]

When did the idea develope to include a cryptocurrency your Project? Was it, when you realize how easy it is to collect money with this form of crowdfunding, or was it the technology itself?

Mate, read white paper and then judge! ICOs are like start-ups. They need money for development and it most cases price of tokens rises couple hundreds %

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[pynetx]

Nametoken will allow to host any kind of site even the ones with illegal content on them?

[cantdecide]

When did the idea develope to include a cryptocurrency your Project? Was it, when you realize how easy it is to collect money with this form of crowdfunding, or was it the technology itself?

Mate, read white paper and then judge! ICOs are like start-ups. They need money for development and it most cases price of tokens rises couple hundreds %

I don't think he is judging the project. He is probably just curious about if the possibility of using the block chain technology has been the main reason for starting the project here or just because it is also a good and easy way to crowdfund a project

[mainconcept]

Nametoken will allow to host any kind of site even the ones with illegal content on them?

Why would they host sites?

[Elkmar]

When did the idea develope to include a cryptocurrency your Project? Was it, when you realize how easy it is to collect money with this form of crowdfunding, or was it the technology itself?

Mate, read white paper and then judge! ICOs are like start-ups. They need money for development and it most cases price of tokens rises couple hundreds %

I don't think he is judging the project. He is probably just curious about if the possibility of using the block chain technology has been the main reason for starting the project here or just because it is also a good and easy way to crowdfund a project

Yeah, the question is interesting. I would like to know too how the founders learned about blockchains and cryptocurrencies 

[FIEX]

There are a lot of questions but not so many answers...

Now the ICO is running there should be a dev present here who can answer all of these questions.
The more questions been answered the more people are doing a buyin.

Or... gather all the questions and do a live video on Youtube or Facebook:
* people can see the faces behind this project
* you dont have to type
* it only takes minutes to please a lot of people

WIN WIN 

[levyashin]

Nice project in lucrative business. Team is looking like they have good experience. It is giving %50 bonus right now and i think their goal is  20200 btc which is huge.

It looks like nat is a good investment.

[CHRISBIN702]

I have been holding onto a few token/coin based domains for some time now. The current options for selling your domains are not the best they can be. I will keep an eye on this one. Hopefully, this project makes it full operation and I will be able to sell off my disneycoin.com domain to Disney for a million dollars. Or my BTCpals.com to Paypal for another million. Wish I would've bought coca-colacoin.com when I had the chance.

[Marenos]

When did the idea develope to include a cryptocurrency your Project? Was it, when you realize how easy it is to collect money with this form of crowdfunding, or was it the technology itself?

Mate, read white paper and then judge! ICOs are like start-ups. They need money for development and it most cases price of tokens rises couple hundreds %

I don't think he is judging the project. He is probably just curious about if the possibility of using the block chain technology has been the main reason for starting the project here or just because it is also a good and easy way to crowdfund a project

Yeah, the question is interesting. I would like to know too how the founders learned about blockchains and cryptocurrencies 

I'm not judging the project. Both reasons are legit, but I'm interested in it, since the defs are not seeming like the typical crypto enthusiasts (I've allready read the whitepaper). I mean, the idea of crowdfunding with crypto is a good one, since "normal" people have the chance to participate.

[Rigorous]

Nametoken will allow to host any kind of site even the ones with illegal content on them?

Why would they host sites?

I suppose that is part of the value proposition when Nametoken talk about decentralized domain eco system. But there are indeed not too many details to be found about both the technical and legal aspects.



For example, what is the use-case for splitting the files instead of mirroring? Why are the files encrypted on the cloud system and published at the same time?

...

Wait a minute, are we talking about file hosting services rather than website hosting? That changes the topic quite a bit!

[matjas]

So did we get an answer about the actual fees other than they will be lower that other markets?
I would like to know the actual percentage, because its not mentioned in whitepaper.

[mainconcept]

Nametoken will allow to host any kind of site even the ones with illegal content on them?

Why would they host sites?

I suppose that is part of the value proposition when Nametoken talk about decentralized domain eco system. But there are indeed not too many details to be found about both the technical and legal aspects.



For example, what is the use-case for splitting the files instead of mirroring? Why are the files encrypted on the cloud system and published at the same time?

...

Wait a minute, are we talking about file hosting services rather than website hosting? That changes the topic quite a bit!

Im curious if they really want to adopt a decentralized hosting platform, for file hosting or websites whatever.

I guess they talking about file mirroring as to split copies of a file over multiple servers.

[Heimer]

When did the idea develope to include a cryptocurrency your Project? Was it, when you realize how easy it is to collect money with this form of crowdfunding, or was it the technology itself?

Mate, read white paper and then judge! ICOs are like start-ups. They need money for development and it most cases price of tokens rises couple hundreds %

I don't think he is judging the project. He is probably just curious about if the possibility of using the block chain technology has been the main reason for starting the project here or just because it is also a good and easy way to crowdfund a project

Yeah, the question is interesting. I would like to know too how the founders learned about blockchains and cryptocurrencies 

I'm not judging the project. Both reasons are legit, but I'm interested in it, since the defs are not seeming like the typical crypto enthusiasts (I've allready read the whitepaper). I mean, the idea of crowdfunding with crypto is a good one, since "normal" people have the chance to participate.

My bad  . If they hire some cryptomagician for programming everything should be good. I'm rooting for this one 

[toolucky98]

So did we get an answer about the actual fees other than they will be lower that other markets?
I would like to know the actual percentage, because its not mentioned in whitepaper.

Still not yet, but yeah it will be good if we can find out the actual percentage 

[Rigorous]

I wanted to get a more concrete overview of the planned distribution of money so I went ahead and put the numbers into the calculator.

The total supply is 98,000,000 NAT at a rate of 1 NAT = 0.00025 BTC (now ~$1) for a max. total worth of 24,500 BTC.

The Nametoken ICO is looking to raise up to 20,200 BTC in the token sale. Unsold tokens are burned.



Let's say the ICO raises 10,000 BTC, that is about 35 million EUR.

The tokens are planned to be distributed as follows:



90% of the tokens were put on sale (32M EUR), reserving 3% for Advisory/Legal (1.5M EUR) and 7% for Team (2.5M EUR).



30% of the revenue is used for Development (9.5M EUR), 10% for Operations (3M EUR), 2% for Legal (0.6M EUR).

If I got this correctly, I wonder why some of the expenditures are percentage-based instead of an estimated flat fee, such as the legal fees, development and operations. Let's say you raise 3.5 million EUR instead, will 10% be sufficient to cover the legal fees/development? Or vice versa, what purpose does the additional 90% in legal fees/development serve if you raise 35M EUR?

[wonderfullife]

Investing in domains, selling domains and be rewarded for our action is great Moreover they want to do a decentralised domain eco system. Really good project !

[SEELE^^01]

I wanted to get a more concrete overview of the planned distribution of money so I went ahead and put the numbers into the calculator.

The total supply is 98,000,000 NAT at a rate of 1 NAT = 0.00025 BTC (now ~$1) for a max. total worth of 24,500 BTC.

The Nametoken ICO is looking to raise up to 20,200 BTC in the token sale. Unsold tokens are burned.



Let's say the ICO raises 10,000 BTC, that is about 35 million EUR.

The tokens are planned to be distributed as follows:



90% of the tokens were put on sale (32M EUR), reserving 3% for Advisory/Legal (1.5M EUR) and 7% for Team (2.5M EUR).



30% of the revenue is used for Development (9.5M EUR), 10% for Operations (3M EUR), 2% for Legal (0.6M EUR).

If I got this correctly, I wonder why some of the expenditures are percentage-based instead of an estimated flat fee, such as the legal fees, development and operations. Let's say you raise 3.5 million EUR instead, will 10% be sufficient to cover the legal fees/development? Or vice versa, what purpose does the additional 90% in legal fees/development serve if you raise 35M EUR?

wow nice work.

i think the legal fee will be accumulated later onwards the funds they rised

neverthless, i will buy some coins at the sale and get ready for a pump, until the end of the year:)

[windreamteam]

Such a good idea. The CEO already knows this industry, always a good thing to have a team that already know their market, not always the case ^^

[Islapdonkey]

I wanted to get a more concrete overview of the planned distribution of money so I went ahead and put the numbers into the calculator.

The total supply is 98,000,000 NAT at a rate of 1 NAT = 0.00025 BTC (now ~$1) for a max. total worth of 24,500 BTC.

The Nametoken ICO is looking to raise up to 20,200 BTC in the token sale. Unsold tokens are burned.



Let's say the ICO raises 10,000 BTC, that is about 35 million EUR.

The tokens are planned to be distributed as follows:



90% of the tokens were put on sale (32M EUR), reserving 3% for Advisory/Legal (1.5M EUR) and 7% for Team (2.5M EUR).



30% of the revenue is used for Development (9.5M EUR), 10% for Operations (3M EUR), 2% for Legal (0.6M EUR).

If I got this correctly, I wonder why some of the expenditures are percentage-based instead of an estimated flat fee, such as the legal fees, development and operations. Let's say you raise 3.5 million EUR instead, will 10% be sufficient to cover the legal fees/development? Or vice versa, what purpose does the additional 90% in legal fees/development serve if you raise 35M EUR?

wow nice work.

i think the legal fee will be accumulated later onwards the funds they rised

neverthless, i will buy some coins at the sale and get ready for a pump, until the end of the year:)

The white paper is a good, the proposed idea has potential but i would like to see an active presence before investing my btc. If we barely getting a response during the ICO phase, i can only imaginethe form of ghosting we will have to deal with post ico. Just saying. Get someone to stay active and answer question/give updates on your thread.
Am yet to receive an answer on how they intend to pay to park  domains on their website, when other website charge a fee

[lvsca]

I wanted to get a more concrete overview of the planned distribution of money so I went ahead and put the numbers into the calculator.

The total supply is 98,000,000 NAT at a rate of 1 NAT = 0.00025 BTC (now ~$1) for a max. total worth of 24,500 BTC.

The Nametoken ICO is looking to raise up to 20,200 BTC in the token sale. Unsold tokens are burned.



Let's say the ICO raises 10,000 BTC, that is about 35 million EUR.

The tokens are planned to be distributed as follows:



90% of the tokens were put on sale (32M EUR), reserving 3% for Advisory/Legal (1.5M EUR) and 7% for Team (2.5M EUR).



30% of the revenue is used for Development (9.5M EUR), 10% for Operations (3M EUR), 2% for Legal (0.6M EUR).

If I got this correctly, I wonder why some of the expenditures are percentage-based instead of an estimated flat fee, such as the legal fees, development and operations. Let's say you raise 3.5 million EUR instead, will 10% be sufficient to cover the legal fees/development? Or vice versa, what purpose does the additional 90% in legal fees/development serve if you raise 35M EUR?

nice calculating. and, can you include how much legal fees to pay?
if dev's can rise up to 10,000 BTC, can it cover all of fees that need to pay first?