BillionDollarMan
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January 25, 2018, 09:51:37 PM |
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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.
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Northa
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January 25, 2018, 11:51:48 PM |
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Guys, just to be clear. The hardcap of the upcoming tokensale is 20 millions? Strange, but I thought that the cap is 30m.
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NakiRR
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January 26, 2018, 12:48:37 AM |
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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
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Northa
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January 26, 2018, 01:08:31 AM Last edit: January 26, 2018, 02:34:00 AM by Northa |
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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 .
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tiimothy
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January 26, 2018, 03:24:51 AM |
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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?
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dvsrydin
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January 26, 2018, 05:00:42 AM |
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Interesting project. Looking to invest in my first ICO! I think this could be it
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Drewes
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January 26, 2018, 08:26:48 AM |
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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.
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BillionDollarMan
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January 26, 2018, 09:09:21 AM |
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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.
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zckeles
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January 26, 2018, 09:34:29 AM |
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ico price is 1 eth = 5000 CS
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NakiRR
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January 26, 2018, 02:42:39 PM |
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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.
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doge_shit666
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January 26, 2018, 04:24:27 PM |
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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
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cheus (OP)
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Bounty Manager
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January 26, 2018, 05:43:43 PM |
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Good, one-piece article, be sure to be rewarded
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cerealcreep
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January 26, 2018, 05:58:31 PM |
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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.
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theleaf
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January 27, 2018, 03:04:10 AM |
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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.
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T85083598
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January 27, 2018, 09:20:17 AM |
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Is it possible to contribute more than the potential contribution amount listed on our KYC profile?
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BillionDollarMan
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January 27, 2018, 12:11:55 PM |
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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.
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johnwayne33
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January 27, 2018, 12:24:31 PM |
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Hi!What mechanisms will ensure free access to Credits decentralized network? Thanks
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first.down
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January 27, 2018, 02:46:11 PM |
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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.
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cerealcreep
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January 27, 2018, 04:04:07 PM |
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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
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