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matjas
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October 07, 2017, 07:15:35 AM |
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Level 1 managers are required to have at least 1 000 USD in GVT equivalent of their own funds on the platform and their maximum investment pool can be only 1 000 USD worth of GVT. it will hard for me to be a manager, but as investor is not bad to. better invest than nothing to do. Invest money and do nothing! And only to make a profit. The only thing that needs to be done is to choose the right managers, as I understand it. This amount is still pretty low compared to regular investment funds where they need much higher capital to get a license. But at least there are some limitations which will benefit te investors. |
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levyashin
Sr. Member
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Activity: 980
Merit: 276
$CYBERCASH METAVERSE
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October 07, 2017, 07:19:57 AM |
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I saw that dev wrote that there is not a soft cap.
Did he mean, we hit hard cap or else we will cancel the project.
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We are going to make project real regardless of the funds.
The logical thinking is the second one is. But if it was the issue he should have said, we already hit the soft cap. Anybody have any ideas?
Yes, we don't have a soft cap. Even if we don't reach a hard cap we are not killing our project. The budget and components are planned, assuming that our fundraising efforts will reach the estimated maximum amount. Otherwise, a part of the components will have to be abandoned, and the budget will be reduced for the remaining features. Great, so no matter what , your project will keep going right? So there will be no concern for investors. Well that's good to hear. A lot of other ICOs haven't thought about what will happen if they will not raise a specific amount of money. Yes, It is good to hear. I don't participate to an ico for getting a refund at the end. But he said about some part will be abandoned. I always think about rainy days. If you come short on ico, is there a table about cutting parts. Like if we can't reach x k we won't implement this kind of things. Or you will figure out it, when it is final? |
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the_donald
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October 07, 2017, 07:32:06 AM |
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Level 1 managers are required to have at least 1 000 USD in GVT equivalent of their own funds on the platform and their maximum investment pool can be only 1 000 USD worth of GVT. it will hard for me to be a manager, but as investor is not bad to. better invest than nothing to do. Invest money and do nothing! And only to make a profit. The only thing that needs to be done is to choose the right managers, as I understand it. This amount is still pretty low compared to regular investment funds where they need much higher capital to get a license. But at least there are some limitations which will benefit te investors. Nice, so level 1 managers have to have their own money invested, is that right? that will get them invested in their job. |
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pynetx
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October 07, 2017, 07:50:35 AM |
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Will there be maximum and minimum limit on money to be invested on any trader's tokens?
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Rigorous
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October 07, 2017, 08:31:21 AM |
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I saw that dev wrote that there is not a soft cap.
Did he mean, we hit hard cap or else we will cancel the project.
Or
We are going to make project real regardless of the funds.
The logical thinking is the second one is. But if it was the issue he should have said, we already hit the soft cap. Anybody have any ideas?
Yes, we don't have a soft cap. Even if we don't reach a hard cap we are not killing our project. The budget and components are planned, assuming that our fundraising efforts will reach the estimated maximum amount. Otherwise, a part of the components will have to be abandoned, and the budget will be reduced for the remaining features. Great, so no matter what , your project will keep going right? So there will be no concern for investors. Well that's good to hear. A lot of other ICOs haven't thought about what will happen if they will not raise a specific amount of money. Yes, It is good to hear. I don't participate to an ico for getting a refund at the end. But he said about some part will be abandoned. I always think about rainy days. If you come short on ico, is there a table about cutting parts. Like if we can't reach x k we won't implement this kind of things. Or you will figure out it, when it is final? I think "All or nothing" crowdfunding campaigns tend to be overall more successful than "flexible funding" ones. One could say, "I participate in an ICO based on the description and specifications in whitepaper, which needs this amount of money to develop a minimal viable product. And if that amount is not raised, the investors do not believe in the project, and without that money the minimal viable product cannot be fully developed. That is not what I signed up for, therefore I am out." There is also possibly a psychological effect. The "All or nothing" developers will try hard to reach their goal or they get nothing at all. But the success of an "All or nothing" campaign also hinges upon estimating a realistic target. If the goal was set too high for what is realistically needed, the developers shoot themselves in the foot. In this regard "flexible funding" has less risk for the developers. |
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FIEX
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October 07, 2017, 08:42:48 AM |
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Level 1 managers are required to have at least 1 000 USD in GVT equivalent of their own funds on the platform and their maximum investment pool can be only 1 000 USD worth of GVT. it will hard for me to be a manager, but as investor is not bad to. better invest than nothing to do. Invest money and do nothing! And only to make a profit. The only thing that needs to be done is to choose the right managers, as I understand it. This amount is still pretty low compared to regular investment funds where they need much higher capital to get a license. But at least there are some limitations which will benefit te investors. I think 1000 USD is not so much to become a trust manager. It will still be a Level 1 but maybe after some months/year you will be at a higher rank. Really like that idea and I hope a trust manager can use there own name for the Token  , I would know  . Cant wait to see this Vision go live! |
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Jay2408
Full Member
Offline
Activity: 518
Merit: 101
🚀🚀 ATHERO.IO 🚀🚀
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October 07, 2017, 09:01:17 AM |
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Level 1 managers are required to have at least 1 000 USD in GVT equivalent of their own funds on the platform and their maximum investment pool can be only 1 000 USD worth of GVT. it will hard for me to be a manager, but as investor is not bad to. better invest than nothing to do. Invest money and do nothing! And only to make a profit. The only thing that needs to be done is to choose the right managers, as I understand it. This amount is still pretty low compared to regular investment funds where they need much higher capital to get a license. But at least there are some limitations which will benefit te investors. Nice, so level 1 managers have to have their own money invested, is that right? that will get them invested in their job. As no one will have a trust history at platform launch, ALL managers will start at trust level 1, right? |
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niklasmato
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October 07, 2017, 09:03:01 AM |
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history? may be you can make live statistic?
Let me explain. During the reporting period, the manager trades on his or her trading platform with the amount of funds available at the beginning. The history of its trading is unloaded from the trading platform and recorded in IPFS in real time. I think that there will be some kind of ranking system and traders will have special channels to communicate with investors and post some updates/spreadseets, etc. Regarding rancking there are 7 levels in total, with the first-level manager maximum investments capped at 1 000 USD ( in GVT equivalent) plus a first-level manager must invest 1 000 USD of his own money. For comparison, manager of a maximum trust level can receive investments up to 1 000 000 dollars. I am somewhat cautious to give unknown people control over my money to invest, but with public accessible trade history and a ranking system hopefully the illegitimate and bad-performing traders will be weeded out quickly. I don't fully agree with your statement. If you go to a bank and decide to let them invest your money, you are actually in the same boat. You have no idea what they will be doing with your investment. I think this way will be even better than a regular investment bank. You will have the public trade history and ranking really available so it's actually 'safer' (big word in these times) in my honest opinion. |
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genesis.vision
Member
Offline
Activity: 258
Merit: 10
The next step in Financial Markets evolution
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October 07, 2017, 09:56:47 AM |
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Genesis Vision Stopped Pre-Order Campaign Due To Excessive Demand |
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pynetx
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October 07, 2017, 10:05:50 AM |
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Genesis Vision Stopped Pre-Order Campaign Due To Excessive Demand Damn, that's a very good news. Seems like there's much more buzz about the Genesis Vision in the market. |
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anujjain
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October 07, 2017, 10:09:30 AM |
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Will there be maximum and minimum limit on money to be invested on any trader's tokens?
These days mostly good ICO putting cap of minimum and max limit and it's good because of this more people joining then only whales. |
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alphashotgun
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October 07, 2017, 10:20:27 AM |
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Will there be maximum and minimum limit on money to be invested on any trader's tokens?
These days mostly good ICO putting cap of minimum and max limit and it's good because of this more people joining then only whales. and what will the minimum be like? ammount? |
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ubercool
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October 07, 2017, 10:21:16 AM |
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Genesis Vision Stopped Pre-Order Campaign Due To Excessive Demand Damn, that's a very good news. Seems like there's much more buzz about the Genesis Vision in the market. Just read the news on CoinTelegraph and also saw that the advertisement campaigns have been started on the web. Great to see all the hard work from all the team. |
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sockpuppet1911
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October 07, 2017, 10:21:29 AM |
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Genesis Vision Stopped Pre-Order Campaign Due To Excessive Demand Lol  it got too fomoed! Now i am getting more excited. I need to calm myself with a large cup of coffee... or maybe a cold shower. |
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Rigorous
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October 07, 2017, 10:24:34 AM |
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Genesis Vision Stopped Pre-Order Campaign Due To Excessive Demand Well dang. If there is so much demand I guess we do not have to worry about minimum caps and that "flexible funding" would cut features at all. More the opposite, are potential investors going to miss the boat? |
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matjas
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October 07, 2017, 10:33:35 AM |
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Genesis Vision Stopped Pre-Order Campaign Due To Excessive Demand Man i didnt know this can happen but apparently everything is possible. I guess the traffic during ICOs is so big, that the demand for options was that huge. So from now on there is no garante you will receive a bonus if you are not among the option holders. |
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kraterion
Full Member
Offline
Activity: 616
Merit: 145
🚀🚀 ATHERO.IO 🚀🚀
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October 07, 2017, 11:39:58 AM |
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Genesis Vision stopped pre-order campaign due to excessive demand...this is normal, experienced cryptotraders are looking into this, it's just a too big oppurtunity to let it go. CryptoKirby token incoming |
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levyashin
Sr. Member
Offline
Activity: 980
Merit: 276
$CYBERCASH METAVERSE
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October 07, 2017, 01:10:30 PM |
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We were thinking about soft cap, unsold tokens etc. And they stopped pre-order due excessive demand |
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the_donald
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October 07, 2017, 01:26:35 PM |
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Genesis Vision stopped pre-order campaign due to excessive demand...this is normal, experienced cryptotraders are looking into this, it's just a too big oppurtunity to let it go. CryptoKirby token incoming This is great news man. it means this project will be really successful with the ICO. this is a great feat considering how most ICO's these days don't reach their cap |
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