[ANN][ICO]CREDITS - New Blockchain for financial industry [HARDCAP REACHED!]

[BillionDollarMan]

Why are there 600M tokens advertised for the ICO if the hard cap is only 20M? So many coins will be burned, why advertise 600m in the first place? Any reasoning behind this?

$20M hard cap is roughly 18,000 ETH. 18,000 x 5,000 (5k tokens per ETH in ICO) is roughly 90m tokens. So they are going to burn 500k tokens?

Thanks

Because they have no clue

Because structure was planned when ether was $200-300 something and beside who cares, less supply is better. All I care about is whether they actually deliver scalability or not and kill that ripple scamcoin in process.

[Northa]

Guys, just to be clear. The hardcap of the upcoming tokensale is 20 millions? Strange, but I thought that the cap is 30m.

[NakiRR]

Guys, just to be clear. The hardcap of the upcoming tokensale is 20 millions? Strange, but I thought that the cap is 30m.

Hard cap is fixed in USD 20 mlns, it was from start of project and didn't change. I'm watching this project closely from pre-sale period. And if the pre-ico was successful (3 mln's USD raised) then the hard cap of main ico stage is 17 mln's USD in ETH, i think it's clearly and understandable

[Northa]

Guys, just to be clear. The hardcap of the upcoming tokensale is 20 millions? Strange, but I thought that the cap is 30m.

Hard cap is fixed in USD 20 mlns, it was from start of project and didn't change. I'm watching this project closely from pre-sale period. And if the pre-ico was successful (3 mln's USD raised) then the hard cap of main ico stage is 17 mln's USD in ETH, i think it's clearly and understandable

I might have got some of the threads mixed up. That happens to me sometimes. Glad that hardcap reduced for me to 20m. Honestly not yet decided invest or not .

[tiimothy]

hi.i will join the ico and bounty campaign to support it.where i can trade the tokens after i get my token？what is your plan in the future?

[dvsrydin]

Interesting project.  Looking to invest in my first ICO! I think this could be it

[Drewes]

I'm looking to invest, but I have question about token allocation. Please clarify.

How your TGE smart contract works in term of burning unsold tokens and distribution of remaining tokens between investors and team?
I mean you will do token allocation 60-15-20-2-2-1 before burn or after burn? There is significant difference in proportions of final token distribution.

According to white paper token allocation suppose to be:
ICO - 60%
Founders - 15%
Operation - 20%
Bounty - 2%
Bug bounty - 2%
Advisors - 1%

I assume, If your hard cap is $20M and price for one token is aprox $0.20, then you're going to sell only about 100 000 000 tokens and burn unsold part of 500 000 000 tokens. After that token allocation will have a look:
20% investors (100M out of 500M)
30% founders (150M out of 500M)
40% operations (200M out of 500)
10% advisors and bounty (50M out of 500)

That's true, than it will be unfair distribution with only 20% to investors instead of 60%.
Thanks.

[BillionDollarMan]

I'm looking to invest, but I have question about token allocation. Please clarify.

How your TGE smart contract works in term of burning unsold tokens and distribution of remaining tokens between investors and team?
I mean you will do token allocation 60-15-20-2-2-1 before burn or after burn? There is significant difference in proportions of final token distribution.

According to white paper token allocation suppose to be:
ICO - 60%
Founders - 15%
Operation - 20%
Bounty - 2%
Bug bounty - 2%
Advisors - 1%

I assume, If your hard cap is $20M and price for one token is aprox $0.20, then you're going to sell only about 100 000 000 tokens and burn unsold part of 500 000 000 tokens. After that token allocation will have a look:
20% investors (100M out of 500M)
30% founders (150M out of 500M)
40% operations (200M out of 500)
10% advisors and bounty (50M out of 500)

That's true, than it will be unfair distribution with only 20% to investors instead of 60%.
Thanks.

They said they are burning all reserved tokens proportionately to public Token sale on telegram chat. So distribution will not be the one you have projected.

[zckeles]

ico price is 1 eth = 5000 CS

[NakiRR]

Guys, just to be clear. The hardcap of the upcoming tokensale is 20 millions? Strange, but I thought that the cap is 30m.

Hard cap is fixed in USD 20 mlns, it was from start of project and didn't change. I'm watching this project closely from pre-sale period. And if the pre-ico was successful (3 mln's USD raised) then the hard cap of main ico stage is 17 mln's USD in ETH, i think it's clearly and understandable

I might have got some of the threads mixed up. That happens to me sometimes. Glad that hardcap reduced for me to 20m. Honestly not yet decided invest or not .

It's only your decision, but in any case, try to get in Whitelist.
There are very many requests per day, i think and really hope that there will be fast hardcarp.

[doge_shit666]

Here is points make Credits different another project. Hope it will help those who are intending to invest in Credits projects.
-Very cheap operation cost (0.01%)
-The average operation time is
approximately 3 seconds
-1mln transactions per second
-A really new technological solution
-Advanced API – for integration and using in external software products
-SDK - set of development tools that allows software specialists to create applications

[cheus]

Hey,
created a steemit article about CREDITS.
I invite you all to check it

https://steemit.com/cryptocurrency/@lucasgabd/smart-contracts-and-currency-with-fast-transaction-times-and-inexpensive-fees-check-credits

Good, one-piece article, be sure to be rewarded

[cerealcreep]

So I am looking through the team's LinkedIn profiles and notice some do not state previous employers...and the ones that do, if you click on that employer's name, they do not have a Company page on LinkedIn. Somewhat surprising. Examples:

https://credits.com/en/home/team

Anastasia Molochek - Four years of experience in business partnership relations. LI Profile: https://www.linkedin.com/in/anastasiya-molochek-76b3b9151/  
No employers listed. If she has 4 years experience, where is it?

Julia Ufimtseva - She pans out OK

Evgeniy Butyaev - Only one of his previous employers listed on LinkedIn go anywhere - https://www.linkedin.com/in/evgeniy-butyaev-96302718/

Valentin Antonov - Previous employer Softline, can't find one in Russia on LI but I assume it's this company? - https://softline.com/en/
   - https://www.linkedin.com/in/valentin-antonov-15a353a3/

David Kolmakhidze - Hardly any background on LI - https://www.linkedin.com/in/david-kolmakhidze/

Not trying to spread FUD but if I am investing thousands, these things must be brought up.

Share your feelings, I'd love to hear em.

[cerealcreep]

If you click on the LI logo on the team's website, some do not link back to LinkedIn.

Sergey Fedunishin, Anna Karasevich, Burkova Marina, Anton Ermakov, Dmitriy Pecherkin, Igor Korneev and more do not have a correct link to their LinkedIn profiles from their website.  https://credits.com/en/home/team   The links go back to their team page.

And why does a team need so many managers/directors? Almost everyone is a manager or director of some sort. I don't see the reasoning here.

[theleaf]

Hey,
created a steemit article about CREDITS.
I invite you all to check it

https://steemit.com/cryptocurrency/@lucasgabd/smart-contracts-and-currency-with-fast-transaction-times-and-inexpensive-fees-check-credits

Good, one-piece article, be sure to be rewarded

Great overview of the article with team info and token sale details, helpful, thanks for sharing.

[T85083598]

Is it possible to contribute more than the potential contribution amount listed on our KYC profile?

[BillionDollarMan]

If you click on the LI logo on the team's website, some do not link back to LinkedIn.

Sergey Fedunishin, Anna Karasevich, Burkova Marina, Anton Ermakov, Dmitriy Pecherkin, Igor Korneev and more do not have a correct link to their LinkedIn profiles from their website.  https://credits.com/en/home/team   The links go back to their team page.

And why does a team need so many managers/directors? Almost everyone is a manager or director of some sort. I don't see the reasoning here.

Irrelevant stuff if you look those managers,cto etc are having blockchain development experience.What we should focus on Alpha version,github and is it actually 200K+ TPS or not in alpha version.

[johnwayne33]

Hi!What mechanisms will ensure free access to Credits decentralized network? Thanks

[first.down]

There is red flag here, Credits says Nitin Gaur (Director at IBM Blockchain Labs) is advisor, but when I check his linkedin, nothing about Credits. I even send message to him at Linkedin, asking his confirmation as advisor at Credits, he do not answer.

[cerealcreep]

If you click on the LI logo on the team's website, some do not link back to LinkedIn.

Sergey Fedunishin, Anna Karasevich, Burkova Marina, Anton Ermakov, Dmitriy Pecherkin, Igor Korneev and more do not have a correct link to their LinkedIn profiles from their website.  https://credits.com/en/home/team   The links go back to their team page.

And why does a team need so many managers/directors? Almost everyone is a manager or director of some sort. I don't see the reasoning here.

Irrelevant stuff if you look those managers,cto etc are having blockchain development experience.What we should focus on Alpha version,github and is it actually 200K+ TPS or not in alpha version.

Yes, I agree. Alpha is make or break