TakeMyEther platform

[nagor2]

Hi, everybody!

Can you give me some feedback on my idea:

TakeMyEther platform. The Soft cap is only 250 Ether.
There is an easy and clear way to become a profitable venture crypto-investor.
The pain we can solve together – fake and scum ICO.
We protect investor’s interests and let him control the project development.
What do we have now?
Nothing except the idea, a group of skilled developers and a smart-contract to protect your investment! But it is a great thing to start with.
What is the idea itself?
We want to create a community of professional crypto-investors and provide them with all the mechanisms to protect their Ether.
How it will work?
Investor deposits a certain amount of Ether on the crowd-funding platform smart-contract so he can invest it to some projects, offered on it.
As he is ready to invest Ether to a project, a platform moves it to a certain address, but not the project owner’s one, so he can not spend it or steal.
Investor can take his Ether back whenever he likes!
Each project has a soft-cap and a hard-cap (a minimum and maximum amount of capital they need to rise).
If the soft-cap is not raised, all investors just receive their money back.
If the soft-cap is raised, the project team can take not more than 10% of sum raised to start working, and will receive the rest after finishing one stage of the project after another. On each stage you, as a tokenholder, is offered to vote. By default, you agree, that stage is passed and the project team will get next portion of money.
Process of quiting the project until it finishes:
If you don’t agree that step is completed and you want to quit project, you will leave all the money you voted for from the start of the project and take the rest of Ether back. The tokens of the project you already paid for is kept on your wallet.
What do we need now?
A little money to begin with and a certain amount of money you deposit, to guarantee the payment if we finished.
This mechanism of protected venture investments is pretty hard to implement.
That is why we need money to develop it.
The ideology of that contract is clear and honest. Your deposit money and receive shares of future platform. If the soft cap is raised, the team can take only 10% of funds. Others are kept on the contract.
If you decide to take your money back after ICO is finished, the only thing you will loose – 10% of investments, because they are taken by the team. If you decide to take it back before the ICO is finished – you are welcome and you can do it yourself! If the soft cap is not raised – you can take it all back.
Protected Crypto Investments
Nobody is able to take your money until you vote for that and thus say “Take my Ether, I want you to take it!”
Stages of the project
The project consists of 6 stages:
1. Smart-contract development in the test blockchain. (1 month)
2. Web-interface development for the test blockchain (1 month)
3. (Full testing of smart-contract and web-interface connection (1 month)
 4. Ethereum blockchain deployment. (2 weeks)
5. Bug fixing and development of small features. Possible smart-contract redeployment (1 мecяц)
6. First successful ICO on the project. (1 month)
Minimum period for each stage development is 2 weeks. It is impossible to commit the stage before this period ends. Moreover, each stage has a lockDownPeriod, wich is 1 week. During this period, team can not withdraw the next portion of funds, so the investors can withdraw their funds if they do not agree stage is ready and developed properly.
When each of the first 5 stages completed, the additional 10% of funds raised become available for withdraw to the team wallet, of course, after the lockDownPeriod is over. When first 5 stages is complete, only 60% will be available for the team. So the completeness of the last stages gives 40% to the team, thus the team is highly motivated to achieve the project’s main aim – run successful ICO on the platform and receive first dividends
The token distribution
SoftCap is 250 Ether - 20% shares.
HardCap – 2000 Ether. 80% of shares.  
Total initial Supply 2 800 000
First 500 000 shares by 0.5 ETH for 1000 shares.
Second 1 750 000 shares by 1 ETH for 1000 shares.
After ICO is finished some tokens are passed to the team. The rest undistributed tokens are burned.
So if the only the softCap is reached, the team holds 80% of tokens.
If hardCap is reached, the team holds only 20% of tokens.
The in between result is calculated as follows:
Percents of the tokens for the team: (80 - ((soldTokens - 500000) / 29166))
Number of the tokens for the team: teamPercents * ((soldTokens / (100 - teamPercents))
Platform business model
The platform is a business itself, cause it will leave a commission like 5% of Ether, raised by each project + 5% of shares it issues and distribute everything between it’s token holders as dividends.
So, you can become a venture crypto-investor, because you will permanently receive tokens of successful ICO projects by holding the platform tokens.
 All the statements of this document implemented in the smart-contract, so blockchain mechanism guarantee its precise execution.

P.S.
I want to create a project I would invest myself.
I don’t have much money now, but I will certainly invest additional 1 ETH to this idea. If some have something equivalent to offer – my 1 ETH is yours! Please, take my money))
As for me, I want to start offer some additional projects on that platform to raise some investment, but I understand, that I need a mechanism first, which is clear for the investors.  

[SOCIAL CHAINS]

How are you fixing the scam ICO issue by having a controlled ICO accounts?
Because a lot of time is being wasted and opportunities lost due to picking up a Scam ICOs. Please go and check ICOBENCH and you know how the ratings are cooked up. There is no real qualification process of the ICO experts on ICO bench. You would see the same ICO Experts as advisors of the upcoming ICOs. They will collect their fees and leave investors biting the dust.
Some of the latest genuine projects like Crypterium bank did the same thing what you explained. They will not be dip into the funds until a milestone is hit and verified.
In essence, The idea is great. However, we need to find an effective process to eliminate fluffy and scam ICOs.

[nagor2]

How are you fixing the scam ICO issue by having a controlled ICO accounts?
Because a lot of time is being wasted and opportunities lost due to picking up a Scam ICOs. Please go and check ICOBENCH and you know how the ratings are cooked up. There is no real qualification process of the ICO experts on ICO bench. You would see the same ICO Experts as advisors of the upcoming ICOs. They will collect their fees and leave investors biting the dust.
Some of the latest genuine projects like Crypterium bank did the same thing what you explained. They will not be dip into the funds until a milestone is hit and verified.
In essence, The idea is great. However, we need to find an effective process to eliminate fluffy and scam ICOs.

Thanx for reply!

I will check out the Crypterium.
The idea is probably quite the same. If the token-holders doesn't agree that the milestone passed, the ICO project team can't withdraw the funds.
The scam ico, if they don't do a thing, won't get more than 10% of my ether. And I dont need to trust to some advisers anymore.
Just imagine, that this platform works fine. Do you think, that investors will invest through it? Personally I will be in the first line, because I feel that there is a need for such a platform in the venture investment even offline, and I want to protect my funds.

If there are investors, there will be a lot of good projects. Thus, the investors to this platform will recieve lots of comission in ether and project tokens.
Does Crypterium pay 10% to their beneficiaries? I'll check.

[Slowpok3]

you have great idea. but you must prepare to meet with more problem!
i have question, who will hold investments in ICO period? If u platform will do this, you must to have an excellent reputation

[nagor2]

you have great idea. but you must prepare to meet with more problem!
i have question, who will hold investments in ICO period? If u platform will do this, you must to have an excellent reputation

Thanx for the reply!
I know, the devil is in the details of the project and i don't think it will be an easy ride.

During the ICO of the platform, the funds gonna be deposited on the platform ICO smart-contract.
But the thing is that the contract itself will garantee, that I have no chance to withdraw the Ether on any other address until token holders vote for that.

The same principle will work during the other ICO on the platform. The funds will be kept on the separate addresses of each project's ICO smart-contract. But nobody will have opportunity to withdraw them exept the ICO investors. Only after the milestone commitement and approvement by the investors, the project owner will have the access to withdraw the next portion of funds. Otherwise, the investor can withdraw his Ether from the smart-contract except the first portion, like 10% of his first transaction. That is the way risk get lower for the investor and he becomes somehow protected from the scam.

Thus, the reputation of the ICO project and the reputation of the platform doesn't matter at all, because the funds will be kept not on the usual wallet, but on the contract's one, which garantees that nobody will have any chance to steal it. Even the contract creator will have no opportunity to withdraw funds from it. That is the ideology of smart-contracts in Ethereum and it can be clearly implemented in the smart-contract's code.

[nagor2]

There is an important message.

The contract for this protected ICO is ready!

Is there anybody, who wants to read the contract and get any comments about it's functionality and abilities?

May be I should improve it somehow before i deploy it?

[nagor2]

https://github.com/takeMyEther/TakeMyEther here is the code

[nagor2]

The code is tested, but if someone will do code overview and tell some recommendations, it would be great

[electronicash]

it looks like Abi of ETHD is back. tell you  nagor2, you're not the most reputable user that we can see here in the forum. if i'd e interested to the project, i'd just wait to see how it can become later and not put any cent to it. hell i can't even trust my own wife to handle my money. the project could end up like shut up TAKE My Money platform.   

[nagor2]

it looks like Abi of ETHD is back. tell you  nagor2, you're not the most reputable user that we can see here in the forum. if i'd e interested to the project, i'd just wait to see how it can become later and not put any cent to it. hell i can't even trust my own wife to handle my money. the project could end up like shut up TAKE My Money platform.   

Thanx for the reply!

The main idea of the project is the implementation of the main smart-contract basic concepts - there is no need to trust to me or anybody else. There is a code, and as if it is deployed to the blockchain, it works like it should and no one can break the agreement. The Ethereum virtual machine and the code itself garantee proper execution. Thus it is not so scary to invest, because your risk is limited by the smart-contract statements.

And of course, any venture project includes a certain amount of risk. In this project i just want to offer a way to lower the risks while leaving the possible ROI of the venture projects at a traditionally high rate.

[nagor2]

I can't get one thing. If the idea is good and it is 50% realized, why no one wants to invest into it with only 10% risk? ))

[nagor2]

Where is the millioner, who is willing to earn some money? )) 

btw

minor investors are also always welcome)

[jolinahermosa25]

as i read the information above for this project it looks like a comprehensive one and hope i will invest it a little in here

[nagor2]

as i read the information above for this project it looks like a comprehensive one and hope i will invest it a little in here

Hooooray!!! You are the first foreign investor, who decided to invest)) Can you please leave your contacts in private message? I will inform you when the contract is deployed and answer your questions with passion as you are a first comer!

[SvetlanaSergeevna]

The idea is good, but we must try to realize. Good luck

[nagor2]

Guys!

The contract is ready and deployed at
https://etherscan.io/address/0x15797a704628907dd2622d3e5711d4ea62cd5072

There is no need to trust anyone during the ICO anymore) And I'm serious!

The source code is verified, so there is a certain and the only way for it to work. Check it here https://etherscan.io/address/0x15797a704628907dd2622d3e5711d4ea62cd5072#readContract

Feel free to test it in real ethereum blockchain! The tokens are sent to you and you are free to return it anytime until softCap is not reached.

After it is reached, you are free to control the project flow) If you need any comments on the source-code, you are free to ask them any time.

I've just tested it with 0.5 ETH and after i returned tokens, ether was returned to me. You can check it here https://etherscan.io/address/0x15797a704628907dd2622d3e5711d4ea62cd5072#internaltx
To return all avaliable funds you have just to send any amount of tokens back to the contract and it will return all the funds to you and take all of your tokens back. You can check it with 0.002 ETH, for example, until you buy a real amount.

There is a certain thing to keep in mind! You'd better put a bigger gas limit so the contract can work fine. I'd suggest like 150000 gas instead of default 21000, because the logic is not so simple

[nagor2]

As i promised, i put my 1.3 ETH on the contract ))) And recieved 2,600 tokens for that)

[nagor2]

The idea is good, but we must try to realize. Good luck

Thank you very much for you comment)

[supernva]

"The pain we can solve together – fake and scum ICO."
But this project looks like the scummest I've seen)

[nagor2]

"The pain we can solve together – fake and scum ICO."
But this project looks like the scummest I've seen)

Well, IT-specialists have a greate proverb: "Words are bullshit, show me the code"

If you understand blockchain technology and can read the code deployed, you will see, that there is no fake and scum.
And I can prove it, by telling you how the code works.

I'll tell you more! I've just saw another contract of some ICO and they said they collected 3500 ether on it, but the contract code is not verified and ballance of the contract is 0. Though, they have very reputable site and several media publications. Their token is in the listing of EtherDelta! Can you belive it? )) That looks like more scum for me)

If you deploy your own contact and explain me it's rules, I'll try it myself and if it works fine, how could I suspect it to be scum? If you don't follow the contracts' terms, I'll just withdraw my money back, and that's it)

Anyway, thanx for the reply! )))