JCBAHY
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Jake Ashby, COO TriForce Tokens
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February 20, 2018, 04:18:58 PM |
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Could you explain the token sale logic to me, I'm kind of stumped here: you're selling at total of 1,500,000,000 FORCE at a rate of 6,000-7,500 FORCE/ETH. Let's assume the rate would always be 6,000 for simplicity, that would equal 250,000 ETH (at a rate of 7,000 it would still be 200,000 ETH). So this would be $200-250m. The hard cap is $20m though. This doesn't add up, the sale would be over out at around 150-200,000,000 FORCE. I don't get it, how would the 1,170,000,001 - 1,500,000,000 range ever be reached? Was the price fixed when ETH was at $100?
There are many factors that have come into play which has effected this. For starters, when we first decided upon our hard cap, which is fixed to the price of ETH, the value of ETH was much lower. Our hard cap should really be set against a fixed amount of ETH, however we have already changed our hard cap twice and we want to refrain from consistently changing things and causing confusion. Another reason for our hard cap being much lower than what you suggested above, is due to the community and there response. We originally set our hard cap to $60m. Since then we have had the community state that we should lower our hard cap. The purpose of the hard cap is to stop an ICO from raising more than it needs. Our goal is $20m and therefore we have set our hard cap at $20m. Taking more than that would be greedy and unnecessary. We are here to empower the community with our technology, not take from them. We have a solid four plan which we have reviewed multiple times with many of our advisors who come from strong business backgrounds, from which we have strategically planned so that $20m covers the project for 4 years. Due to us deciding upon the total supply back in 2017, this has also had an effect and therefore is the reason why we will be left with some many extra tokens. However, our smart contracts are designed to only mint the amount of FORCE that is purchased, meaning that if only 1m FORCE were bought, that would be all the FORCE that would exist. Rather than burning the rest of the supply, it makes more sense to only mint what is purchased. I hope that makes sense? I understand that this may cause some confusion, but we are trying to balance between constantly changing things and causing confusion as well as getting things right. The way we see it is that, $20m is now our hard cap. That is what we need $20m to carry out our 4 year plan. Taking anymore than $20m would therefore be unnecessary. ~ Jake Ashby, General Manager TriForce Tokens
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JCBAHY
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Activity: 364
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Jake Ashby, COO TriForce Tokens
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February 20, 2018, 04:19:29 PM |
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About the FORCE tokens,i guess some part of the supply wont be for sale.Will there be any vesting period for part of those tokens?
Yes, team tokens are locked for a minimum of 6 months. ~ Jake Ashby, General Manager TriForce Tokens
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bibliobusz
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February 20, 2018, 04:44:45 PM |
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What about partnerships with big game studios? For exclusive games to your platform
We are partnered with Vadim Bulatov from Wargaming.net (World of Tanks, World of Warplanes etc.), we are currently exploring potential synergy with them. Please be aware that our target audience is that of the indie game developers. Our technology is focused and designed to help indie game developers more than it is to help big developers. Thats not to say we won't look at partnerships etc with big game developers, but its best to target a niche area of the market and then build up. ~ Jake Ashby, General Manager TriForce Tokens This info got me really excited.Im thinking for some time about getting back into Wargamings World of tanks,and this is like a sign that i should go back and start working on my skill again,in case you really partnership with Wargaming so i could actually make some FORCE by owning noobs This is great news! I love wot and to hear that Triforce is partnering up with them just warms my heart hehe a lot of wot fans here I see
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Iruwen
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Merit: 100
CMC Community
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February 20, 2018, 04:45:04 PM |
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Could you explain the token sale logic to me, I'm kind of stumped here: you're selling at total of 1,500,000,000 FORCE at a rate of 6,000-7,500 FORCE/ETH. Let's assume the rate would always be 6,000 for simplicity, that would equal 250,000 ETH (at a rate of 7,000 it would still be 200,000 ETH). So this would be $200-250m. The hard cap is $20m though. This doesn't add up, the sale would be over out at around 150-200,000,000 FORCE. I don't get it, how would the 1,170,000,001 - 1,500,000,000 range ever be reached? Was the price fixed when ETH was at $100?
There are many factors that have come into play which has effected this. For starters, when we first decided upon our hard cap, which is fixed to the price of ETH, the value of ETH was much lower. Our hard cap should really be set against a fixed amount of ETH, however we have already changed our hard cap twice and we want to refrain from consistently changing things and causing confusion. Another reason for our hard cap being much lower than what you suggested above, is due to the community and there response. We originally set our hard cap to $60m. Since then we have had the community state that we should lower our hard cap. The purpose of the hard cap is to stop an ICO from raising more than it needs. Our goal is $20m and therefore we have set our hard cap at $20m. Taking more than that would be greedy and unnecessary. We are here to empower the community with our technology, not take from them. We have a solid four plan which we have reviewed multiple times with many of our advisors who come from strong business backgrounds, from which we have strategically planned so that $20m covers the project for 4 years. Due to us deciding upon the total supply back in 2017, this has also had an effect and therefore is the reason why we will be left with some many extra tokens. However, our smart contracts are designed to only mint the amount of FORCE that is purchased, meaning that if only 1m FORCE were bought, that would be all the FORCE that would exist. Rather than burning the rest of the supply, it makes more sense to only mint what is purchased. I hope that makes sense? I understand that this may cause some confusion, but we are trying to balance between constantly changing things and causing confusion as well as getting things right. The way we see it is that, $20m is now our hard cap. That is what we need $20m to carry out our 4 year plan. Taking anymore than $20m would therefore be unnecessary. ~ Jake Ashby, General Manager TriForce Tokens Thank you for the reply, this totally makes sense.
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Iruwen
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February 20, 2018, 04:49:13 PM |
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The dashboard says "please wait...token sale not open", is that because the KYC is still pending?
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JCBAHY
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Jake Ashby, COO TriForce Tokens
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February 20, 2018, 05:02:04 PM |
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The dashboard says "please wait...token sale not open", is that because the KYC is still pending?
Yes, please PM me your email address and I will look into it for you. ~ Jake Ashby, General Manager TriForce Tokens
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snowcommander
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February 20, 2018, 05:22:56 PM |
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The beta is planned for July, that's really moving things quickly. Hope the sale is going well so that in July you can really achieve all that is planned.
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Xallid
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February 20, 2018, 05:54:50 PM |
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The beta is planned for July, that's really moving things quickly. Hope the sale is going well so that in July you can really achieve all that is planned.
I thought beta is coming this month.
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Desmozgenes
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February 20, 2018, 06:00:51 PM |
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The beta is planned for July, that's really moving things quickly. Hope the sale is going well so that in July you can really achieve all that is planned.
I think that most important thing now is the fact soft cap will most likely be reached,easily.That should give team more time,and funds to continue with the projects as planned,without any delays.
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JCBAHY
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Jake Ashby, COO TriForce Tokens
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February 20, 2018, 06:04:01 PM |
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The beta is planned for July, that's really moving things quickly. Hope the sale is going well so that in July you can really achieve all that is planned.
I thought beta is coming this month. Our development team is still working on it. You can see a part small video of it in our new intro video on our website. ~ Jake Ashby, General Manager TriForce Tokens
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JCBAHY
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Activity: 364
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Jake Ashby, COO TriForce Tokens
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February 20, 2018, 06:05:48 PM |
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The beta is planned for July, that's really moving things quickly. Hope the sale is going well so that in July you can really achieve all that is planned.
I think that most important thing now is the fact soft cap will most likely be reached,easily.That should give team more time,and funds to continue with the projects as planned,without any delays. That is also true. Reaching our soft cap is very important, we need to reach that so we can carry on with our development and project. We have some fantastic things in the pipeline coming up and reaching our soft cap will help us to get these across the line. We have big plans for TriForce Tokens, we just need to support and backing of the community to carry it out. ~ Jake Ashby, General Manager TriForce Tokens
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btcltcdigger
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February 20, 2018, 10:10:25 PM |
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That is also true. Reaching our soft cap is very important, we need to reach that so we can carry on with our development and project. We have some fantastic things in the pipeline coming up and reaching our soft cap will help us to get these across the line.
We have big plans for TriForce Tokens, we just need to support and backing of the community to carry it out.
~ Jake Ashby, General Manager TriForce Tokens
Well you certainly have my good wishes, and some of my ETH
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james7854
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February 20, 2018, 10:11:50 PM |
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What about partnerships with big game studios? For exclusive games to your platform
We are partnered with Vadim Bulatov from Wargaming.net (World of Tanks, World of Warplanes etc.), we are currently exploring potential synergy with them. Please be aware that our target audience is that of the indie game developers. Our technology is focused and designed to help indie game developers more than it is to help big developers. Thats not to say we won't look at partnerships etc with big game developers, but its best to target a niche area of the market and then build up. ~ Jake Ashby, General Manager TriForce Tokens Oh,is this some kind of exclusive,news about possible partnership with Wargaming?Can you say more about it,or its still too early to talk about that? Getting kinda excited here We have had Vadim Bulatov as an advisor now for quite a while. However he has raised a few areas where he believes there would be some synergy between TriForce Tokens and Wargaming.net. However, this is still in discussion, so I therefore am unable to disclose any further information regarding it unfortunately. I know its frustrating, but A) we don't want to give anything away to competitors, who have already stolen pretty much every idea we have announced and B) We don't want to shoot ourselves in the foot by disclosing information until it is agreed upon with a signed agreement between both parties. ~ Jake Ashby, General Manager TriForce Tokens yup, that seems reasonable, but you have to understand the community that is investing in the project that wants to know what will be done with their investments, or the casuals who just like the idea and want to get excited about a platform like this. In this day and age where all the info is just a click or two away, people get frustrated by having to be patient At the end it's your call on what and when to release and the right decision because you sure ass hell have a lot more to lose than we do. I understand that, but if we were to release every single of bit of information just because someone asked, we wouldn't have a business. Coca Cola for example, keep their recipe in a safe and very few people know the true recipe. Its called holding trading secrets, its what helps you separate yourself as a business from your competition. It may be frustrating, but those that are truly interested in the project and want it to succeed will understand that we cannot disclose all information. We always release information when we can, but releasing information too early can be and will be detrimental to an organisation. The ICO space is extremely competitive as we have all seen, other projects have already stolen our ideas that we have released and announced, so therefore we would like to keep some to ourselves until we are ready to release them. ~ Jake Ashby, General Manager TriForce Tokens Thats the curse of every ICO,people basically expect updates on the daily basis. I blame it on the internet People think they are entitled to every bit of information just for the sake of knowing and disregard what revealing that information could do to someone else. Before people used to go just based on what their guts would tell them and it worked just fine. So if you believe in this project, just keep calm and wait it out. Yeah people are getting more and more demanding these days.
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sexymadafaka
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February 20, 2018, 10:12:31 PM |
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**** Token Sale Is Now OPEN! **** The TriForce Tokens token sale is **now open!****Starting discount is 25%!**Discount is fixed to supply and won’t stay at 25% for long! Make sure you have completed your KYC application first, before you can contribute. To contribute, log in here: https://triforcetokens.io/loginIf you are having any issues, please PM @JakeAshby or @petemardell ~ Jake Ashby, General Manager TriForce Tokens Here we go! Get them while they're hot ! Been waiting for this!
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killer9966
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February 20, 2018, 10:13:22 PM |
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**** Token Sale Is Now OPEN! **** The TriForce Tokens token sale is **now open!****Starting discount is 25%!**Discount is fixed to supply and won’t stay at 25% for long! Make sure you have completed your KYC application first, before you can contribute. To contribute, log in here: https://triforcetokens.io/loginIf you are having any issues, please PM @JakeAshby or @petemardell ~ Jake Ashby, General Manager TriForce Tokens Here we go! Get them while they're hot ! Been waiting for this! All aboard the token train!
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djuro74556
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February 20, 2018, 10:15:58 PM |
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**** MESSAGE TO ALL **** We are now working closely with Viuly, https://viuly.io/. We will be using Viuly as our main video content sharing platform. Check them out! Here is our profile on Viuly - https://viuly.io/channel/21091Be sure to follow us and like our videos!~ Jake Ashby, General Manager TriForce Tokens Why not the youtube? We are on YouTube as well, but we have agreed a partnership with Viuly where we have agreed to push our content out through them. ~ Jake Ashby, General Manager TriForce Tokens Yeah, other platforms aside youtuibe should also be given a chance.
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buraz
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February 20, 2018, 10:17:03 PM |
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**** Token Sale Is Now OPEN! **** The TriForce Tokens token sale is **now open!****Starting discount is 25%!**Discount is fixed to supply and won’t stay at 25% for long! Make sure you have completed your KYC application first, before you can contribute. To contribute, log in here: https://triforcetokens.io/loginIf you are having any issues, please PM @JakeAshby or @petemardell ~ Jake Ashby, General Manager TriForce Tokens Here we go! Get them while they're hot ! Been waiting for this! All aboard the token train! It would be wise to invest early in this!
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PuryLock
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February 20, 2018, 10:22:39 PM |
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Yes,only 1% tokens are sold with 25% bonus,so better hurry not to miss that.
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Lognak
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February 21, 2018, 08:30:09 AM |
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The beta is planned for July, that's really moving things quickly. Hope the sale is going well so that in July you can really achieve all that is planned.
I thought beta is coming this month. Our development team is still working on it. You can see a part small video of it in our new intro video on our website. ~ Jake Ashby, General Manager TriForce Tokens Yes, no need to push the team unnecessarily.
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Calvireish
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February 21, 2018, 10:32:34 AM |
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Is it going to be possible to exchange VIuly tokens for TriForce tokens and the other way around,since you are partners?
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